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Share Name Share Symbol Market Type Share ISIN Share Description
Tritax Big Box Reit Plc LSE:BBOX London Ordinary Share GB00BG49KP99 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.30 1.42% 164.50 164.60 164.80 166.10 161.80 163.20 3,804,733 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 144.3 141.2 8.4 19.6 2,808

Tritax Big Box Reit Share Discussion Threads

Showing 1251 to 1274 of 1425 messages
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
DateSubjectAuthorDiscuss
31/3/2020
15:15
The last disclosure (Reduction)was on the 20th :- All previous disclosures in TRITAX BIG BOX REIT PLC. Scroll down.
skinny
31/3/2020
15:02
Thanks, I couldn’t make out what it meant.
lilly 01
31/3/2020
12:46
No disclosed shorts as far as I can see
8w
31/3/2020
10:41
Am I reading the latest RNS correctly. Have Aviva lent some stock so that a short position can be opened?
macc2
30/3/2020
05:43
Best thing they can do is as you say nurse it out, tread water - but also option up future development pipeline when markets are dislocated A small upfront cost in terms of fees for land options generates huge returns when markets normalise
williamcooper104
30/3/2020
05:40
In a normal market the premium to NAV rating needed to be sustained by development kicking off large earnings growth At the current share price if it can just keep earnings whole it will outperform the market Even in a credit crunch banks/funds will still lend (at a cost) - largely pre-let developments will be capable of being funded
williamcooper104
29/3/2020
18:39
'The reduction in NAV was due to an increase in the number of shares as a result of the equity raise and acquisition of Tritax Symmetry, analysts at Peel Hunt said.' sharesholders value will keep getting eatten up if the company still persists on issuing more stock. 'We expect developments to be the main driver of earnings and NAV growth in the future and pre-lets are an essential part of this,” they added.' How are they going to fund the developments? Bbox debts have gone up cash has come down
intelinvestor
27/3/2020
07:59
Nice to see the dividend nestling in the account first thing this morning. Long may it continue...
cwa1
26/3/2020
22:28
Here we go, Next shutting down their on line operation due to CV-19 so pressure now being applied to others such as Amazon and M&S to shut down their warehouses too. Soon it will be only food retailers operating which must be a concern to BBOX revenues.
warranty
23/3/2020
15:39
@Porsche1945 - that was my initial thought, but then I remembered that it's not all about online delivery. Many are distribution hubs for a UK stores estate. To have a big distribution centre, you've got to be a big co, but can you be sure there won't be company failures even at the top end, and requests to cease rental payments? Https://tritaxbigbox.co.uk/portfolio/properties/
spectoacc
23/3/2020
15:35
I have a large investment in Tritax, I actually think it will come out of this stronger, everything is heading online. Hopefully Tritax will consolidate, no more share issues, no more developing, just nurse what they have until this storm clears, which it will. This is how you make money, real money, buying when things look bombed out. I never thought I would get the chance to buy into these at such a madly low price.
porsche1945
20/3/2020
11:22
@muzmanoz I don't want to be a negative nancy but if any of Tritax's tenants pull the trigger on using CVAs to stay afloat and pay their rent to Tritax then that will still be a negative. When these assets are valued the covenant strength of the tenant is a big factor affecting the yield applied to the rent. Tritax's model is very low tenant risk. The use of CVA will see the tenant risk factor increase, which in turn will see the yield increase when the Tritax books are valued. A higher yield applied to the same rent gives a smaller asset valuation. Hence my view that NAVs will drop at the next update. But we are up 15% on the day fellas. So I have a smile on my face.
bagsforlife
20/3/2020
09:37
Admire the quality of the posts which is refreshing.
lilly 01
20/3/2020
09:07
If things get so bad that major retailers look likely to fail, despite bank and government support, I can see cvas or administrations being used to shed poor performing physical stores or onerous leases but looking to keep the online functions. That's where the growth is.
muzmanoz
20/3/2020
09:05
I'd worry about shops/retail/retail parks for that reason. Much less for Big Box. Saying that, I've taken profit on 2/3rds of what I bought. Trying to run the rest.
spectoacc
20/3/2020
08:38
@deanowls don't really agree with your first statement. The warehouses are fit out to work for specific occupiers but one of the reasons BBOX is a good investment is because they are great sheds in great locations that would work for many different tenants in the market. Which is a positive to keep in mind if things do turn sour and we end up with vacant buildings. Regarding your second point, I agree somewhat. I am not worried about tenants making an orderly exit from these assets by triggering break options. What I am worried about is a disorderly exit i.e. tenants unable to keep up with the rental obligations, which may result in lease forfeiture.
bagsforlife
20/3/2020
03:30
These warehouses are usually tailor made and pick for location in their overall strategy. They have massive bits of kit in and are surrounded by their workers. There is a massive amount to do to move operations and those current customers would be subject to break clauses. Very difficult to just walk away. These are not sheds with a bit of racking up. Read the next update, very calming and informative. If anything it talks of pushing more online.
deanowls
19/3/2020
23:45
@intelinvestor if we end up in a market where companies are failing and other tenants are "picking up the pieces" of what's left then that will be the absolute worst case scenario. Those resilient tenants that are left will be able to drive a much harder bargain due to increased availability, so we will see rent frees and void periods increasing (read Tritax receiving less rent). This will also lead to the valuations softening and therefore a diminishing NAV. So let's hope we don't go down that road eh!
bagsforlife
19/3/2020
23:38
even if some do fail, other companies will pick up the peaces later when it all flat lines. My main concern is the amount of shares in issue now than in 2015, and if this continues it is not in hand nor in the shareholders interests.
intelinvestor
19/3/2020
22:48
@deanowls good question. Probably those most at risk are brick and mortar retailers, who I expect to see less physical footfall over the course of the pandemic. Looking through their tenant lineup, I think you would include Next, Argos, B&Q, New Look, Dunelm, TK Maxx, Matalan and DSG Retail as those that are likely to be impacted. But I don't have a scoobies about how resilient any of those entities are to the current climate. Without diving into the books, my only proxy for tenant's performance is the share price. Next shares are down about 40% since mid Feb. Kingfisher (parent co of B&Q) have moved by a very similar margin. Dunelm share price is looking a bit more volatile. They hit a big peak in mid-Feb too and are down about 53% if you take the high point. TJX down about a third since mid-Feb. Counter argument would be that these retail shares are perhaps oversold. I'm not a retail expert. But I'm sure bad news for any of these tenants will flow through to the BBOX share price. Albeit there is a good level of tenant diversification in the portfolio.
bagsforlife
19/3/2020
16:06
Which of their customers do you expect to go bust? Being a horrid thinking scenario and a million people died which it will be nowhere near that figure. There’s still 60 odd million people that require goods and services and if they don’t money will not matter.
deanowls
19/3/2020
12:49
Not that simple. If Tritax have vacant assets they are on the hook for rates, so if there is a deferment then that will help. Plus any govt intervention that helps their big tenants will mean the rent is more likely to be paid by extension, so it's good news all round.
bagsforlife
19/3/2020
08:20
Tritax Big Box REIT PLC - Non-Executive Director Aubrey Adams buys 50,000 shares at 93.6p, worth GBP46,800, on Tuesday.
greatgiginthesky
18/3/2020
18:55
Thank you very much SpectoAcc.
lilly 01
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