Tritax Big Box Reit Share Discussion Threads

[hugepants] 12/2/2020 12:46

results in a few weeks I believe?

[skinny] 12/2/2020 11:12

There probably is scope to trade these and perhaps I should have done so, but as I bought the bulk @100.95 in 2013 - I've been content to take the money.

[rathlindri] 12/2/2020 11:01

Patience has it's rewards!

[cheshire man] 12/2/2020 10:00

Adding to my holding @ 1.40 looking pdg now :-)

[purplepelmets] 06/2/2020 12:37

let's have another try

[nimbo1] 05/2/2020 09:27

why does a promising rally fizzle out? common behaviour at the bottom... sellers taking time to exhaust and then eventually new buyers will push price back up...thats the plan. : )

[jonwig] 05/2/2020 07:07

The RCF has been extended and their latest LTV was 29%. Interestingly they haven't made a purchase since May last year, and their last trading update hinted that prices aren't worth chasing. Hence their concentration on development, perhaps. In fact,

"Plans for selective Investment Asset disposals are already underway for the current year, with a view to recycling capital efficiently into the Company's development portfolio". [03/02.]

The implication would seem to be that they won't be in any hurry to raise new equity!

So why does a promising rally just fizzle out? Dunno.

[intelinvestor] 04/2/2020 22:44

im pretty sure they have like a 200 million revolving credit facility. They shouldn't need a placing. this was taking out on the 19th June 2019

'New £200 million unsecured revolving credit facility
17 June 2019
The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that the Company has entered into a new £200 million unsecured revolving credit facility (the “New Facility“) with a syndicate of its relationship lenders.
The New Facility has an initial maturity of five years and can be extended (subject to obtaining the consent of the lenders) by two further years to a maximum maturity of seven years. The New Facility also contains an uncommitted £100 million accordion option.'

[porsche1945] 04/2/2020 17:59

I trade these between 1.39 and 1.50, have made me good money over last two years.... and thats it, they never go anywhere, soso dividend with tax deducted at source, many better income stocks and this with threat of dilution, would rather they borrowed to expand, I assume they are looking to get an offer to sell out eventually from some middle eastern fund looking for a safe/unexciting return, otherwise its a bit like brexit uk in general, not really going anywhere.

[digitaria] 04/2/2020 14:49

Topped up at 140.9, increasing my holding by 40% or so. Looks like a fairly safe 4.9% yield, with some opportunity for expansion. Don't see why the price has been drifting downwards.

[nimbo1] 04/2/2020 11:15

hopefully in a few weeks yesterday will look like a really obvious time to buy.

thanks @ jonwig

[williamcooper104] 03/2/2020 20:42

The future development profits aren't in NAV so no reason why should be at discount GPE and Derwent frequently spec develop and usually trade at NAV premium

[jonwig] 03/2/2020 16:27

nimbo - there's no doubt SGRO is an exceptional case (plus it's FTSE100), but 75% of its new developments are pre-let I think, and it's EU-wide as well as UK, with concentration in some key areas.

Worth saying that BBOX can borrow money at similar rates to SGRO.

Personally, I think BBOX is a decent value now, but something - dunno what - is holding it back. I'm not a buyer until I'm a bit clearer on that.

[igoe104] 03/2/2020 15:05

I'm in for a load as well.

[nimbo1] 03/2/2020 09:19

Try telling that to segro

[johnrxx99] 03/2/2020 09:08

By become a spec developer it must have a discount to NAV as it is risky. The market will reflect that.

[18bt] 03/2/2020 08:27

Small top up from me at just under 140p as agree pretty solid

[gswredland] 03/2/2020 08:26

Once that overhang is out of the way.....

[cwa1] 03/2/2020 08:25

A small top up at just under 140p for me then, sounds fairly solid on the whole.

[nimbo1] 03/2/2020 08:24

Clearly an overhang from somewhere - but creates an opportunity

[gswredland] 03/2/2020 08:16

Looks great! Glad I added last week and tempted to buy more ...

[rimau1] 03/2/2020 08:13

Totally agree, i added again at 1.40 this morning, couldn’t be a stronger trading update IMO, yield compression, strong pipeline, strong outlook, forecast NAV for 2020 of around £1.60 and a 5% dividend yield. The only downside to this share in the past has been the regular discounted placings to fund the development pipeline but strong signals today that they have enough on their plate after last years acquisitions and will fund any further bolt ons with strategic sales. Anyone got a view on whats not to like here?

[nimbo1] 03/2/2020 07:58

Positive trading update this am with yield compression expected in 2020 after a flat 2019. Great entry price here...

Most other plays with income secured for 10 yrs plus trade at a premium to NAV!

[ramellous] 31/1/2020 13:21

Amazon had better than expected result, thought there might have been some rub off here.. Not in these yet, if divi gets above 5% I might.

[tyranosaurus] 31/1/2020 10:28

And 140 has been breached.