Social Housing Reit Share Discussion Threads

[woodhawk] 01/12/2023 15:13

Another whopping quarterly divi in the bag. Nice to have locked in a 10%+ yield.

[cruelladeville] 29/11/2023 21:26

Good to see some recovery in share price here into the mid 60's. Still over sold for a healthy dividend share and some price appreciation still to come.

[cruelladeville] 17/11/2023 12:38

Nice little bounce today.

[cruelladeville] 16/11/2023 11:05

Report by Edison (paid for by SOHO of course) reads well to me.

[cruelladeville] 13/11/2023 10:57

Can't see anything in today's RNS that justifies the large discount to NAV here. At 60p, it's cheap as chips. Taking time to sort out MySpace, but it always going to be.

[spectoacc] 13/11/2023 08:27

Disappointed no more buy-back, and not particularly clear what they're going to do with the third of the £31m that isn't needed for working capital/restricted.

MySpace also seem like toast, tho Parasol paying monthly.

But a covered divi, some strong rental increases coming, and SOHO continues as a cash cow.

Feels like we get the yield until something gives - more disposals, corporate action, shareholder action.

[williamcooper104] 10/11/2023 17:09

Very pleasing; venison and a good Bordeaux can't be beaten

[cwa1] 10/11/2023 17:01

At least you had a decent lunch then...

[williamcooper104] 10/11/2023 16:55

Went to take some profit but alas lunch ended after the markets closed

[cruelladeville] 10/11/2023 16:41

Good to see just north of 60p again here. I'm not sure how sticky >60p will be though in this market.

[wskill] 07/11/2023 11:54

Do think that there is some merit in SOHO buying some of the better properties being sold by HOME and repurposing them for its own market.A tad better than another buyback I think.

[woodhawk] 03/11/2023 11:16

Glad to have locked in 10%+ dividend yield at recent bargain prioes. Chunky quarterly payment always very helpful too.

[wskill] 03/11/2023 11:13

Still well oversold here as soon as my space rent agreements are concluded parasol has already got a agreement in place and my space is getting there there should be a decent recovery .

[cruelladeville] 03/11/2023 08:33

Hoping to see 60p again here. Peak base rate can only help, next move will be a 0.25% cut.

[moth1] 30/10/2023 16:46

Can we keep the brexit warrior stuff of here. Its supposed to be a board about SOHO

[superiorshares] 30/10/2023 07:42

Wskill
The UK thankfully is not in Europe.
The UK economy is doing far better than most of the EU.
I note that the Epi Centre of the whole failed project, Germany, is in dire states . The windmill warriors beloved Siemens wanting 16 billion off its government to stop it going bankrupt!
Of course Germany won't be allowed to bail out Siemens because that would be illegal under EU law .
A National Government bailing out its Industries.
We are about to see the Sanctimonious Europhiles in full hypocritical mode

SS

[wskill] 26/10/2023 17:47

No rise in Euro rates today will help the high Yielders UK would have to be demented to raise rates now with recession in Europe .

[stemis] 26/10/2023 17:23

At 30.6 LTV was 36%

[timmy40] 26/10/2023 17:02

Do they have a lot of debt to service ? What's their gearing like ?

[indalo] 25/10/2023 14:32

Very odd to see todays strength with all other REITS negative

[williamcooper104] 25/10/2023 14:27

Yep the big red flag was when HOME didn't appear to know what the EPC of their assets was and that anyone would refurbish to below C - which of course showed that most of the refurbishments hadn't actually happened and as we now know the money for refurbs was instead used to pay rent

[wskill] 25/10/2023 13:29

On the latest impact report for SOHO 71% of homes have an EPC of C or higher and target is 80% ,30% of homes are new builds with SOHO more like CSH than HOME.