Tritax Big Box Reit Share Discussion Threads

[jonwig] 24/1/2019 19:46

Norland - 3:23 isn't big enough to hit the share price. If it were a rights issue the xr price would be 138.8p!

[norland1] 24/1/2019 19:09

Taken s hit with PHP today. Expect another hit tomorrow with this one. Still got to look at medium/long term and dividend is good compared to current interest rates.

[jonwig] 24/1/2019 19:01

speeds - "at a price of 130p".

[speedsgh] 24/1/2019 18:21

Some highlights from the announcement...

DB Symmetry Acquisition & Placing and Open Offer -

DIVIDEND
The acquisition of such a significant portfolio is expected to contribute materially to the REIT Group's ability to continue to deliver strong earnings growth and a progressive dividend policy as well as significant valuation gains as these assets move through development to become income producing...

The New Ordinary Shares to be issued under the Issue, and the Consideration Shares to be issued pursuant to the Acquisition, will rank pari passu in all respects with the Existing Ordinary Shares and each other, including full entitlement to the interim dividend for the quarter ended 31 December 2018 (1.675 pence per Ordinary Share targeted) when declared...

OPEN OFFER
Under the Open Offer, an aggregate amount of 192,291,313 New Ordinary Shares will be made available to Qualifying Shareholders at the Issue Price, pro rata to their holdings of Existing Ordinary Shares on the basis of:

3 New Ordinary Shares for every 23 Existing Ordinary Shares held on the Record Date

OPEN OFFER TIMETABLE
Record Date for entitlements under the Open Offer - close of business on 23 January 2019
Latest time and date for receipt of completed Open Offer Application Forms and payment in full under the Open Offer or settlement of relevant CREST instructions (as appropriate) - 11.00 a.m. on 8 February 2019

OTHER KEY DATES
Announcement of the results of the Issue - 11 February 2019
Admission of the New Ordinary Shares to the Official List and to trading on the London Stock Exchange's main market for listed securities - 8.00 a.m. on 13 February 2019
Completion of the Acquisition - 19 February 2019

[cliveagran] 24/1/2019 18:01

Sounds like a shrewd acquisition to me. It'll be interesting to see what happens to the share price in the morning but I'm confident it'll hold up reasonably well.

[18bt] 24/1/2019 17:57

An odd time to announce it - but looks fairly attractive and another good in price for those who want to accumulate. Need to study it further ..

[pj fozzie] 24/1/2019 17:35

And another fund raising share issue! Expect to see the share price drop again towards the 130p offer price. Pfft...

Cheers,
PJ

[pj fozzie] 17/1/2019 09:26

Very happy with that trading update. Steady sensible growth in a relatively safe sector. Will continue to hold and top up every now & then.

Cheers, PJ

[cheshire man] 17/1/2019 08:06

Not to be sniffed at

PROGRESSIVE DIVIDEND POLICY

-- The Company is targeting an aggregate dividend of 6.7 pence per share for the year ended 31 December 2018, payable quarterly, of which 5.025 pence per share has been paid for the nine months ended 30 September 20188

-- The Company intends to maintain its progressive dividend policy during 2019 and thereafter

[pyufak] 04/1/2019 14:42

Adding this REIT; while I am gloomy on the 6–12 month outlook for economies I think this is majority priced now in risk assets. As a consequence of recent tick down in global data, Brexit, market volatility I personally feel further Fed, potential ECB or BoE rates hikes are off the table for the next year. There’s still a lot of uncertainty; but a REIT with long leases to high quality credits which is adding leverage towards its 40% target to support RoE should be a good place to be (i hope).

[tyranosaurus] 28/12/2018 11:39

It`s Amazon
hxxps://www.propertyweek.com/industrial/tritax-big-box-buys-amazon-fulfilment-centre-for-1473m/5100538.article

[ramellous] 24/12/2018 08:48

I think it’s Geordie Jeans...

[nimbo1] 24/12/2018 08:17

I think it’s Ali baba

[cheshire man] 24/12/2018 07:59

Time will tell melody

[skinny] 19/12/2018 07:07

On 1 December 2017, the Board of Tritax Big Box REIT plc (ticker: BBOX) (the "Board") announced that it had agreed a £350 million unsecured revolving credit facility (the "Facility") with a syndicate of lenders, with the ability to request two extensions of one year each beyond the original termination date of 10 December 2022.

The Board is pleased to announce that the Company has reached an agreement to extend the termination date of the Facility from 10 December 2022 to 10 December 2023. The margin payable under the Facility of 1.10 per cent per annum over 3 month LIBOR remains unchanged and the Facility retains its uncommitted £200 million accordion option. There remains one further extension option available under the Facility.

The agreement in respect of the Facility further extends the Company's weighted average debt maturity (excluding the existing £250 million short-term debt facility) to 8.7 years.

[piwood] 13/12/2018 07:45

Retail warehouses and Distribution centres have different planning permission use classes. As such they are not a connected use class.

[jonwig] 12/12/2018 12:28

Yes, I understand your point, and the next BBOX valuation will probably support you. The current share price falls in retail and property more widely are broad-brush in nature and in such conditions, BBOX could well hold its NAV figure but the share price go to a discount. Also it's UK-centric, of course.

As a holder here, I hope it works out better than that!

[belgraviaboy] 12/12/2018 12:18

As is the statistic - my point is I don't expect this subsector to have performed like that

[jonwig] 12/12/2018 10:14

belgravia - I think the term is all-embracing.

[belgraviaboy] 12/12/2018 09:52

There are retail warehouses - and there are big box distribution centres.

I know where I would rather have my money.....

[jonwig] 12/12/2018 09:33

CBRE: "A three per cent drop in the value of retail warehouse property during November has also driven the fall in the retail sector's capital values, which have dived 5.3 per cent since the start of the year."



Explains recent fall, I think.