Tritax Big Box Reit Share Discussion Threads

[speedsgh] 27/4/2022 07:06

New article on IC website. Relevant to #BBOX #SGRO #LMP #SHED #WHR

Is a 'shed' bubble emerging in the property sector -

[skinny] 12/4/2022 08:45

RBC Capital Markets Outperform 244.80p 0.00p 275.00p Reiteration

[williamcooper104] 09/4/2022 15:41

BSIF is worth a look (DYOR of course) it traded previously at a bit of a sector discount as it had a lot of power price exposure NESF is good in that they found some absolute muppets to lend them non-amortising preference shares - a huge credit sin in project finance - but what's bad for creditors is great for equity

[williamcooper104] 09/4/2022 15:38

The great thing about renewables is we don't exactly need to worry about NAV hits due to falling power price assumptions any time soon

[scruff1] 09/4/2022 11:24

Hope so William. Not in but have noticed grids recent rocket boost. Envious

[williamcooper104] 09/4/2022 11:20

I'm in GSF too - GRIDs recent knock out results should be reflected in GSF

[scruff1] 09/4/2022 10:50

Yes. I am a bit too old for too much growth potential (long term especially) although I must admit your ITM has been fairly profitable as its been relatively predictable and easy to trade. The lack of yield presently is a real drawback to me.

[skinny] 09/4/2022 09:47

I sold HFEL last year in the 320s having held for @8 years - they are still on my list to revisit.

On edit - I could add that I'm also looking at GSF - I have too many direct hydrogen facing shares currently - plenty of growth (potential) but no yield.

[scruff1] 09/4/2022 09:35

As a holder already I have bought into the GSF raise. Decent yield (7%) with growth potential. Its done well for me so far. Also like HFEL again good yield (8%)maybe not so much growth potential but maybe when the far east rids itself of the covid ball and chain it may move up to previous levels. Just my thoughts anyway

[skinny] 09/4/2022 07:45

I had a similar dilemma with INVP - bought for the yield, but sold half yesterday - where now though - maybe EPIC.

As you say Williamcooper104 - there are worse problems to have!

[scruff1] 08/4/2022 19:22

I did a big slice about a month ago. Question is growth or divi. I did about half of each. 8% inflation so divi has to be good

[williamcooper104] 08/4/2022 17:43

I feel the top slice urge too Where to put the top sliced cash not such an easy one (but worse problems to have)

[phillis] 08/4/2022 14:36

Time for a top slice methinks

[skinny] 05/4/2022 10:29

Nice to see a director 'Bed and ISA'.

[scruff1] 29/3/2022 18:02

Skinny 838
Totally agree. I still hold a fair number and am content. I probably think the divi will rise and the share price will follow - that makes me ponder about when to act. Defo right sector. Shed too looking a tad energised

[grahamburn] 29/3/2022 13:58

Thanks, Skinny, for providing a much more succinct explanation than I did of the correct approach to recognising the actual current dividend yield and the ROCE.

[skinny] 29/3/2022 07:32

Scruff posts crossed.

For income - I probably wouldn't buy at these levels, but am quite happy to hold (for now) at my % return.

I still think the sector is a long term place to be and have holdings in several "Boxes".

[skinny] 29/3/2022 07:29

"In short, if you pretend your yield is based on the price you paid is not the sign of a genuine seasoned investor. Such a person would base investment decisions on any other investment available at today's prices."

Hence why I may not buy at today's price.

Assume 6p dividend.

Buy 1000 shares @£1 - £1000 - £60 dividend @6% yield.

Sell 20% @£2 = £400 and invest elsewhere, leaving total capital now employed = £600 for 800 shares - £48 dividend - this makes my return on capital employed 8% PA.

[scruff1] 29/3/2022 07:16

Thats the question skinny. Like you I sold a good portion at just under 240 (though I bought quite a bit higher around 130). Am I prepared to buy at the moment? No. (I think there is still growth prospects) but not unless the dividend increases substantially because there are better options. And the current rate of inflation concentrates the mind

[grahamburn] 28/3/2022 19:23

Sorry finance, though your comment regarding a yield on a lower current price is correct, it also confirms my previous post.

The yield is always determined by the current share price because it is based on the historic yield vis-a-vis the current value. This is indeed borne out by the financial page on advfn. However, it is a fallacy to pretend that your yield should be based on the capital originally invested because that capital, as of today, could be higher or lower.

In short, my comments are not delusional, because the value of your investment at the current share price is ultimately the only value there is available in the market. Indeed Skinny effectively confirms this in his post 1832 (ie the CURRENT yield is 2.75% and he/she might not buy more at the current price). However, the value of that investment now provides a significant uplift in the capital which he/she has. That value could, of course, be realised and invested in a higher yielding share but the growth potential may not justify switching.

Conversely, excessive historic yields which are occasioned by a dramatically falling share price are often a sign of corporate problems which may lead to an inability to sustain the dividend, so the investor may lose both income and capital.

[financeguru] 28/3/2022 15:50

graham..... you are wrong.....if you overpay and the share price falls under your scenario you would be getting a yield on the reduced value. now that really would be delusional

[grahamburn] 28/3/2022 13:39

Surely anyone's yield is the same as anyone else's yield. Namely, the yield is the yield at today's price, because that's the return on your current investment value.

In short, if you pretend your yield is based on the price you paid is not the sign of a genuine seasoned investor. Such a person would base investment decisions on any other investment available at today's prices.

But not here to contradict anyone's fantasy yield.

[skinny] 28/3/2022 11:50

No, but when taken with my lowest purchase price of 82.85p and my highest selling price of 243.05p - proceeds reinvested elsewhere - I can live with 6.2%.

Would I buy at today's price - that's a different matter.

[toffeeman] 28/3/2022 11:45

Not great if inflation is 9%

[skinny] 28/3/2022 11:29

My yield here is @6.2%.