Tritax Big Box Reit Share Discussion Threads

[tyranosaurus] 31/1/2020 09:59

No trading statement in January then.

[nimbo1] 29/1/2020 11:47

Buy now to get the next 2 divi's in a short space of time and a rerate to 152?

[rathlindri] 24/1/2020 17:32

Much better today, hopefully will recover from here

[timspottiswood] 21/1/2020 08:44

Good call CWA1! It's just hit support level 2 on my annual chart and is most likely to bounce from here. It's also at an appealing discount to NAV of nearly 4%. I'm already in but considering a top-up. I will probably wait and see if it bounces up or breaks down to support level 3 from here. Even if it does go down to the next level, I think you've found a sensible entry point and will soon be rewarded. Best of luck and welcome aboard!

[cwa1] 21/1/2020 08:26

Hopped on board with a starter holding at 140p

[cheshire man] 17/1/2020 09:11

Clickable link


Latest News | Tritax Symmetry

[mcdougall1] 17/1/2020 09:03

1.4m Sq Ft Symmetry Park Approved By Committee


Wigan Council has approved Symmetry Park Wigan, a strategic logistics scheme on Junction 25 of the M6.

The 134-acre site is set to provide 1.44m sq ft of logistics employment space and will create 1,650 high-quality jobs when operational, along with 1,200 construction jobs.

Symmetry Park Wigan represents a construction investment of £73m from Tritax Symmetry and will provide £3m in business rates payments per year to Wigan Council once operational.

hxxps://tritaxsymmetry.com/latest-news/1-4m-sq-ft-symmetry-park-approved-by-committee/

[cheshire man] 17/1/2020 08:01

I had a top up yesterday good income stock to hold IMV

[rimau1] 17/1/2020 07:58

Agree Nimbo i have been adding on the way down, i always buy these between 1.40-1.43 and sell a chunk at 1.50+, way oversold now with a 2029 forecast NAV of £1.60 and a brexit bounce, great way to play a fiscal driven recovery in the uk economy this year. Nice yield of 4.5% as well. I have switched out of RGL into this as i now think RGL is fully valued in the short term

[nimbo1] 16/1/2020 19:25

In fact quite compelling value now - I might be having a moan about my decision to reinvest to early but this is the right time....look at all the premiums on everything from the infrastructure trusts to solar panel trusts like BSIF etc....this is a much better long term hold than them-in theory their value amortises to 0!!!

[nimbo1] 15/1/2020 11:32

Hope so normally good value here!

[gswredland] 15/1/2020 09:17

Rebound around 140?

[essentialinvestor] 15/1/2020 08:16

Jon's post summed up the potential reasons for the recent share price performance.

[nimbo1] 15/1/2020 08:09

that's not true skinny - if you were in at £1... they've done well up to 2 years ago - the last 2 years its been dead capital other than if you just want a dividend. If you are looking to compound capital these have been useless recently. Its the opportunity cost after all...

[skinny] 14/1/2020 17:13

It depends where you started from!

[tyranosaurus] 14/1/2020 16:58

I will join you in selling at 155p
These never seem to go anywhere.

[nimbo1] 14/1/2020 15:28

My re-entry here after an initial v profitable trade was a rubbish decision. Big boxes seem to have gone out of favour and replaced by little boxes.

Go back to 155p please so I can sell again

[jonwig] 08/1/2020 20:49

IC wrote this back in September. Development rather than just renting does tend to carry a discount.

... received shareholder approval in November 2018 to increase its maximum exposure to land and options over land from 10 per cent of its NAV to 15 per cent of its gross asset value, of which 5 per cent can be invested in developments where no tenant is in place. As of 30 June its exposure to land and speculative developments was 11 per cent of its assets. Having exposure to development increases the risk profile of the trust.

“Investors should be aware that the trust’s increased engagement in more speculative development will increase the risk profile of the strategy, and that this heightened risk may need to be reflected in position sizing within [investor’s] portfolios,” say analysts at Killik & Co. “However, the forecast of higher returns from development projects are expected to compensate shareholders.”

NAV was 150p at 30/06, and the trouble with a discount is that they can't raise funds via new equity. Also a LTV of 33% is a bit on the high side, but the divi is fully covered.

[rimau1] 08/1/2020 20:13

Not sure why folk think this is fully valued. NAV £1.60 and a dividend yield of 5% would suggest otherwise. I always add at these levels and have been in and out of this stock for years. Buy the dips, this is not out of favour just a short term dip. I added more today and will continue to do so if it falls further.

[mcdougall1] 08/1/2020 15:09

Wigan strategic logistics scheme Symmetry Park looks set to go ahead:

A strategic logistics scheme in Wigan looks set to go ahead as council officers have recommended approval ahead of a committee meeting.

The plans, submitted by developer Tritax Symmetry in August 2018, will be put to Wigan Council’s planning committee on January 14.

[2vdm] 08/1/2020 09:14

Yes, needs more clarity before I commit.

[johnrxx99] 08/1/2020 08:54

Out for the moment. Seems other similar are more favoured.

[ugandalad] 07/1/2020 09:21

This share looks fully valued with a good yield but for the boards aspirations is under capitalised so each time we have a sustained share price new capital is issued close to market to clear borrowings and allow further property purchase and deals. Looks to me the Funds managers control the speed of further development.

The sector they are in is well in demand I just lost Hansteen to a takeover bid and M&g have offloaded £54m of their warehouse portfolio but while I’m happy with the yield I’m guessing there are better candidates For a capital gain.

[tyranosaurus] 07/1/2020 08:58

There was a trading update 31/01/18 and 17/01/19.
Need to see one this month for reassurance that all is well.

[kev0856153] 06/1/2020 16:31

wtf. warehouse reit and urban logisitcs reit are going up while this is going down but they are exactly the same businesses

warehouse reit and urban logisitcs reit are up 10% since july
big box reit is down 10% since july

something isn't right

wtf