Tritax Big Box Reit Share Discussion Threads

[financeguru] 09/12/2020 08:54

sadly it has not done anything for the share price, which I find a little surprising. Clearly the market is not impressed.

[williamcooper104] 09/12/2020 07:22

Wonder if they will try to merge EBOX with ASLI (the Aberdeen Standard managed European logistics reit)

[skinny] 09/12/2020 07:03

.

The Board of Tritax Big Box REIT plc (the Company) notes today's announcement by Tritax Management LLP (the Manager) and Aberdeen Standard Investments (ASI) relating to ASI's intention to acquire a 60% interest in the Manager (

The Board believes that ASI's strategic stake enhances the overall strength and capabilities of the Manager without impacting its ability to continue the successful delivery of the Company's long-term strategy, via the unaltered Investment Management Agreement between the Company and the Manager.

The Board is also reassured that Manager's staff will remain unchanged, including the Company's dedicated fund management team led by CEO, Colin Godfrey and Finance Director, Frankie Whitehead. Over recent months, to support our ongoing and long-term growth, the Manager has invested significantly in enhancing and expanding its team, and will continue to provide high-quality logistics expertise to the Company while retaining autonomy and control over all investment decisions.

Overall, the Board considers that the combination of the Manager and ASI will enhance the strength and depth of the offer to the Company.

Commenting on the announcement, Sir Richard Jewson, Chairman of Tritax Big Box REIT plc said:

"With the existing dedicated Big Box team at Tritax retaining autonomy and control over investment decision making there will be no change to day-to-day operations. In the longer term, we believe that ASI's stake strengthens the Manager through access to the resources of a large, global financial services institution, while preserving the Manager's unique market leading logistics expertise for our shareholders. The Board looks forward to the continued service and performance that our shareholders have benefitted from since IPO."

[scruff1] 08/12/2020 08:09

I bought a few myself yesterday on the theory that we have been down for about a month for no real reason. A drop due to the deal/no deal malarky and I reckon it was as good a time as any because the fundamentals havent changed. Time will tell.

[williamcooper104] 07/12/2020 17:45

From React news Resilient take-up and strong investor demand could push prime logistics yields below 3% in 2021, according to new Savills data exclusively shared with React News. "When you consider some of the lowest cost of capital currently active in the sector then there is a case to be made that prime yields could move below 3% for the very best assets in the core markets," said Marcus de Minckwitz, director, regional investment advisory, EMEA. "And it's not just the number of interested parties but also the amount of capital they have to invest. Portfolios are therefore trading particularly well, with premiums being paid from anywhere between 5% and 20%," he added.De Minckwitz expects logistics prices to stabilise and different sub-sectors to emerge as we move to the next phase of the pandemic, which will be characterised by social recovery but widespread economic uncertainty and turmoil.Resilient take-upLogistics take-up remained resilient in the first three quarters of 2020, reaching 21.8 million sq m – a 10% increase compared to the same period last year. The strong performance was driven by the Netherlands, where take-up rose by 56% y-o-y, Poland (+33% y-o-y) and the UK (+46% y-o-y). 2020 is already set to be a record year for logistics take-up in the UK, exceeding the 3.5 million sq m achieved in 2016, while Germany remained the most dominant market this year, with 5.1 million sq m. Logistics demand grew by 7% y-o-y in Spain and 35% in Portugal, due to rising e-commerce penetration rates. "With supply currently looking limited, we anticipate rental growth to resume across the core mainland European markets from 2021, particularly given the structural undersupply of prime last-mile facilities," said Mike Barnes, associate, European research at Savills.Investor interestEuropean logistics investment reached €22bn in the first three quarter, just below the same period last year, and Savills expects 2020 to be in line with the five-year annual average of €29bn.In Poland, investment volumes surged 368% above the five-year average, while in France, they were up 25% compared to the five-year average. "All the lead indicators point to increased demand for warehouse space going forward, particularly in urban locations, which has led to record levels of competition, be it between developers, occupiers and investors," de Minckwitz said. "This year has reset the dial for the sector in terms of its relative value within the real estate market, which the underlying fundamentals and growth trajectory wholly support," he concluded.

[geko5trade] 07/12/2020 13:44

Ah you're right imo I didn't realise we were back at around 1.34. Not paying attention! I agree 1.20 is closer to the mark with no deal.

[williamcooper104] 07/12/2020 12:19

Currency markets largely priced in a deal - saw first tremor of that this morning when cable fell IMO no deal and we are back to c1.20 and close to parity with the euro (there's an irony somewhere in that if that comes to pass) Currency markets are notoriously hard to call but sterling has reliably moved up and down on Brexit and how hard/soft or non existent it might be I'm net v short sterling - as hedge to my U.K. domestic focused equities

[geko5trade] 07/12/2020 11:51

At first I read that as, 'a no Brexit' outcome is going ...! I assume it is 'there is no Brexit deal that would see...'

I'm pretty sure a no deal Brexit is priced into sterling now. W've yet to see what 'Ol Slippery Joe can do to the dollar once he's wheeled into the White House. I think that would be the first president since FDR to be inaugurated in that fashion!

[williamcooper104] 07/12/2020 11:35

157 v last epra NAV of 154p Couldn't resist a little top up Only fear that there will be more top up opportunities in next few weeks One things for certain - no Brexit outcome is going to see less demand for warehousing It's just might be worth less in Great British Pesos

[scruff1] 07/12/2020 08:04

Great name 'Abottopotamus'. The fact that she is still in a job and Priti Patel is struggling to save hers underlines the whole farce that is politics.

[purplepelmets] 06/12/2020 23:19

Starmer is too white, and too male(only just mind). The next Labour leader must be female, not white, and not be suited to the job at all to please the marxist chattering class. Leaves an obvious candidate. The delightful Abottopotamus, and her policeman biting son for home secretary.

[dhoult12] 06/12/2020 21:23

Agreed. Also shows what ineptide can develop without an opposition (either side). Politicians need accountability the Conservatives didn't have that post corbyn.

Only hope is now Starmer has decided that Labour do want to get elected and acting like it some checks and balances may return. Not holding my breath

[williamcooper104] 06/12/2020 15:11

Yep - last U.K. GE was solely a choice of which group of nutters to vote for

[scruff1] 06/12/2020 14:11

'elected nutters'. There are only nutters to choose from. I reckon this pandemic has shown em all up for what they are. Most politicians these days imo have gone from university straight into politics with not much in between or theyve decided there are better pickings to be had from a bit of political power. They have spent years rehearsing the lines of well trodden topics such as welfare, transport, green issues etc etc etc. With summat out of the blue they are clueless and are exposed for the clowns most of them are. Pubs can open but cant serve beer, sit your granny near an open window, dont waste a good pandemic, a pasty isnt a meal unless its with a piece of lettuce, stars and businessmen are ok but the plebs have to quarantine, contracts for mates etc etc etc
Nobody I know reckons they will vote in future - waste of time they are all crackers and self serving

[williamcooper104] 06/12/2020 10:54

F knows Probably a deal but with a lot of grandstanding before hand Nuts not to get a deal - but we have elected nutters Might short pound when Asian markets get going as a bit of a hedge (but might not - so just like Brexit then :)

[scruff1] 06/12/2020 10:33

Way the talks are going tomorrow could be a good buying op - depending on your take. I reckon nerves will lead to a fairly sharp drop first thing. I think I will chance it if it does. Any of you guys got views?

[scruff1] 04/12/2020 09:29

Thanks for thoughts chaps. That was as far as my thinking went. If william doesnt know then I'll take it there is none !!!:-) Plenty buying. Could be seen as a buying op at moment I guess. I suppose we are still at a fairly high valuation

[skinny] 04/12/2020 09:16

That's highly probable.

[williamcooper104] 04/12/2020 09:13

None - bizarre given increasing valuations of underlying assets Could be part of general equity market rotation out of lock down stocks into recovery stocks

[scruff1] 04/12/2020 09:09

Any particular reason that anyone knows of for this months particularly bad showing?

[solooiler] 02/12/2020 19:18

hxxps://www.ii.co.uk/analysis-commentary/tritax-why-share-price-may-have-further-rise-ii514338

Unsurprisingly, Tritax (LSE:BBOX) falls into the former category, the FTSE 250 member specialising in supply of unimaginative Big Box buildings for the distribution market.

Now we think about, it was inevitable these massive logistics centres, which seem to grow alongside motorway junctions, could probably be bought from a catalogue!

[scruff1] 23/11/2020 07:56

Cheers skinny. My HL alert just came through 7.52 !! Its another reason to pat myself on the back for choosing to invest in BBOX. Heres to a good week :-)