Tritax Big Box Reit Share Discussion Threads

[belgraviaboy] 17/3/2020 08:22

Those results are why I am here for the long term in these markets

[muzmanoz] 17/3/2020 08:19

Crikey. Hadn't expected that response!

[n0rbie] 17/3/2020 07:48

Great results and 7% yield at the current price.

[chucko1] 16/3/2020 22:08

Intel, totally agree. It was just the broad point I was making. In the 1970s when PEs were in highish single digits, 10yr rates were around 8%. But that would only justify PEs of around 13-14 today ceteris paribus.

But that is what PEs were until 3 weeks ago in the U.K., but they were far higher in the US.

[intelinvestor] 16/3/2020 12:05

Chuck - All things being equal, we would expect PE ratios to be higher today than forty years ago, simply because interest rates are lower.

[intelinvestor] 16/3/2020 12:03

the good news is they have a load of cash so should weather out any storm that comes or from any company that does go into liquidation.

[skinny] 16/3/2020 11:50

But there is no correlation between the falls and the volumes.


free stock charts from uk.advfn.com

[tyranosaurus] 16/3/2020 11:46

Some ridiculous price falls this morning.
Must be desperate sellers selling anything and everything thats saleable.
BBOX down 13%
INL down 20%
GKP down 15%
etc etc etc

Could be worth selling now and buying much cheaper in days to come !

[williamgtheobald] 14/3/2020 18:05

nice to see some educated comments recently on this board.

My own 2 pence's worth, I did top up again this week and whilst down I see no concern.

The income streams that BBox receives by way of rental are fixed. (Average length of leases is 12 years).

The sharp fall is unjustified and the share has been caught up in the general mark downs across the board.

[belgraviaboy] 13/3/2020 17:34

Chucko1 - agreed, and this time there will be / is unlimited 'free' money available to offset

Banks will be desperate to lend to the least risky prospect

Deflation / inflation / hyperinflation

Happy to own RPI/CPI linked hard assets - and gold (don't judge me)

[chucko1] 13/3/2020 17:19

Also, same thing happening in the US muni market. To the extent that the analysts - in their own words - “do not know what’s going on”.

Personally, and I don’t say this lightly, I would not be surprised to see much further falls. For a long time now, the world has avoided paying the bill for 2008/9. With the last two weeks’ asset falls, I believe that bill will be repaid in the form of much higher yield requirements for a given risk. In the form of higher credit spreads (unsurprisingly, they have already jumped a large amount, but remain far lower than in 2008), lower PEs (they used to be half of what they had recently been) and much higher option prices (I.e. the ability to hedge).

[belgraviaboy] 13/3/2020 17:09

“The stock market is a device to transfer money from the impatient to the patient.”

Warren Buffett

And from the illiquid to the liquid

BBOX is now my largest holding by a country mile and I remain a buyer in quantity

Looking forward to the results next week.

[alter ego] 13/3/2020 16:56

agree chuck01, this is not about good companies and poor ones or ones that will suffer and those that won't. It's panic selling to raise cash while there is still value in an asset which induces more panic as others follow suit to avoid being last man holding.

[chucko1] 13/3/2020 16:48

Cyfran101, you are correct in my opinion. But gold itself has fallen $90 in the last few hours as the market rally has evaporated. People will sell any quality asset to regain liquidity. Whether or not absurd.

Long term will see this right, very likely.

[cyfran101] 13/3/2020 16:01

Odd depression of share. If you are against meeting other people at present then this makes sense to not visit stores but instead order online? Hence the further depreciation of street sellers and increase in online sellers that use the big boxes?

[lilly 01] 13/3/2020 13:11

Yes, I was scratching my head.

[skinny] 13/3/2020 11:13

I'm not sure of the relevance of that article, other than it contains the words 'Big Box'.

[cwa1] 13/3/2020 10:51

intel, clickable link:-

[gswredland] 13/3/2020 09:16

Thanks intel
Couldn’t access it but it will be interesting to se what Tuesday brings. Holding off till then

[intelinvestor] 12/3/2020 23:43

Final Results
17/03/2020 Tritax Big Box Reit PLC (BBOX)

[intelinvestor] 12/3/2020 23:40

hxxps://www.fool.com/investing/2020/03/11/why-big-box-retailers-are-getting-crushed-today.aspx

worth a read

headline
Why Big Box Retailers Got Crushed Today
Mar 11, 2020

[jonwig] 10/3/2020 08:33

Yes of course, sorry.

[belgraviaboy] 10/3/2020 08:30

KIV

Argos = Sainsburys

[jonwig] 10/3/2020 07:07

Might be worth looking in detail at the portfolio:



A lot of the tenants are pretty secure, but one or two have had issues in recent years (Argos, Eddie Stobart, Stobart Group, say).