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SOHO Triple Point Social Housing Reit Plc

60.60
-0.10 (-0.16%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Triple Point Social Housing Reit Plc LSE:SOHO London Ordinary Share GB00BF0P7H59 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -0.16% 60.60 516,481 16:35:02
Bid Price Offer Price High Price Low Price Open Price
60.50 61.40 61.00 59.00 59.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 39.84M 34.99M 0.0889 6.86 238.83M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 54,858 60.60 GBX

Triple Point Social Hous... (SOHO) Latest News

Triple Point Social Hous... (SOHO) Discussions and Chat

Triple Point Social Hous... Forums and Chat

Date Time Title Posts
26/7/202410:32Triple Point Social Housing560

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Triple Point Social Hous... (SOHO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:0260.6054,85833,243.95UT
2024-07-26 15:29:0461.4053.07O
2024-07-26 15:28:4460.7030,00018,211.32O
2024-07-26 15:25:1360.945,0003,046.82O
2024-07-26 15:24:2660.945,0003,046.83O

Triple Point Social Hous... (SOHO) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Triple Point Social Hous... Daily Update
Triple Point Social Housing Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker SOHO. The last closing price for Triple Point Social Hous... was 60.70p.
Triple Point Social Hous... currently has 393,466,490 shares in issue. The market capitalisation of Triple Point Social Hous... is £240,014,559.
Triple Point Social Hous... has a price to earnings ratio (PE ratio) of 6.86.
This morning SOHO shares opened at 59p
Posted at 20/7/2024 15:02 by williamcooper104
Whereas if you change control and keep the debt then you've just gained an asset worth about £40m (delta between cost of debt v what new debt would cost discounted back at the new cost of debt over the average life of 9 years) That's about 10p per share Of course we won't get paid out that But if we get any takeover below EPRA NAV it's worth remembering that the true NAV is considerably higher than EPRA
Posted at 19/7/2024 21:26 by wshak
One of the reasons I've gone so heavily into SOHO ( I think it's the cheapest of all the REITs out there) is down to the time that has passed since HOME was unveiled as a fraud.Auditors will have been crawling all over SOHO and related REITs, and any dirt would have been uncovered by now.Triple Point have been useless, but I don't believe they have been fraudulent.
Posted at 19/7/2024 16:59 by wshak
SpectoAcc,

You're right about LABS spiking and then falling back but I don't think I was conned about clearing the seller.

The market maker operating for the seller had been killing that stock for months, dribbling the stock out so it fell every week.

When I organised a group to take him out at 33.7p, the selling did disappear and the stock stopped dropping every week. I think a few in the group must have flipped the stock (as is their right) but at least LABS has established a floor now. I also think the market maker might have held a couple of million shares back for himself, knowing the overhang was gone. I didn't sell any.

With SOHO, I took virtually all the stock myself at 57p and won't be selling any as I'm looking for much higher as a long term investment. As we've seen with EBOX, you can never know when a bidder approaches the company, and it's not as if we're not getting paid well to wait with a 9.5% divi.

I see the price in SOHO has spiked a little after my tweet today. The seller had been very strict about not supplying any stock below 57p (where I've been buying for some time) so wasn't killing it as was the case with LABS. When I first started buying SOHO, it was 61p but I've had 1.365p div since then, so i guess that translates to the "spike" price today.


I think both shares will do very well but I'm probably more concerned about the risk with LABS if they can't easily let out Oxford Technology Park when complete.
Posted at 19/7/2024 14:00 by aishah
@WShak1
I think I cleared the major seller in #SOHO today.

I've been buying steadily when funds allowed, got a call today asking if I would take a large chunk as a clear-out trade.
Posted at 03/5/2024 08:08 by wskill
Well they cannot say that Soho did not try with Parasol good that a more experienced and profitable operative is getting control.
Probably best value to shareholders buybacks with present share price.
Posted at 10/3/2024 11:44 by 2wild
If the sector wasn't so unloved. The share price would surely be in the region eighty to ninety pence , around 25% to 30% discount to nav.
Posted at 10/2/2024 11:43 by grahamg8
Glavey, the bottom line is that rents have been going up faster than the rate of interest. The portfolio value is calculated on the future rent roll, not on the current price of property. This is discounted to a current value, if interest rates and inflation are low then the discount is low and the 'value' is higher. SOHO have been buying and benefiting just like other property REITs from this benign environment. Last year interest rates rose and so the 'value' should have adjusted down, but hasn't by much. The market says we don't believe the current NAV, hence the large discount + for SOHO problems with some of the rent receipts. This might therefore be a buying opportunity, assuming everything sorts itself out fairly soon. Or an early warning that the NAV is going to go down and the share price with it, ie things could get even worse.
Posted at 14/9/2023 08:27 by cwa1
Found it to save you posting:-

Ticker: SONG

Share price at close: 93p

Update: Triple Point Social Housing
This is another trust to have seen its most direct rival fall to a bid, in this case for Civitas Social Housing at 80p a share, a premium of 44pc to the previous share price. The takeover of Civitas has already been completed and the shares no longer trade on the stock market.

The offer price represented a 26.7pc discount to the trust’s NAV at the time. If we apply the same discount to Triple Point Social Housing’s NAV of 111.31p we arrive at a share price of 81.6p.

The current share price is only 55.7p and the gap between the two figures is doubtless due in part to the long-running series of interventions by regulators in the social housing arena and the consequent reputational damage done to the trusts.

Meanwhile Triple Point continues to pay its generous dividend at a targeted level of 5.46p this year, which represents a yield of 9.8pc, so investors are being well rewarded while they wait for improvement in the share price, whether from a bid or otherwise.

Questor says: hold

Ticker: SOHO

Share price at close: 55.7p
Posted at 16/2/2023 17:53 by cruelladeville
Given the sh1t storm at HOME, today's SOHO share price is quite encouraging. I hope the worst is over now and the repair process is underway for social housing investment.
Posted at 30/5/2022 08:48 by frederickbloggs
Thanks. Be nice to see some share price appreciation here after being caught up in the fall out elsewhere in the sector sending the SOHO share price southwards in sympathy.
Triple Point Social Hous... share price data is direct from the London Stock Exchange

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