Tritax Big Box Reit Share Discussion Threads

[scruff1] 23/3/2024 06:04

The alternatives to growth are stagnation or decline. It depends how its manged but Im in favour so far as I like the forward looking entrepreneurial have a go spirit it shows and to date I dont think the management have done much wrong.

[williamcooper104] 22/3/2024 09:39

The alternative to not doing the deal would of course be to not develop in 2024 and 2025 and wait until the share price recovered to raise equity Of course that puts you in a bind in that by not developing there's less chance of a premium rating and the equity tap turned on There's still execution risk of course but if they do pull it of then I think we can chalk it up as good management

[williamcooper104] 22/3/2024 03:22

I actually quite like it The logistics assets have great reversion potential And the rest is basically a backdoor rights issue - giving all the funding requires for the 2024 and 25 development pipeline The rest isn't a good fit for BBOX - but doesn't look like dross - so they ought to be able to sell it - possible indigestion on a few offices

[nickrl] 21/3/2024 22:05

@skinny thx for that link very informative others haven't been as proactive to produce an overview of a proposed combined entity

[alter ego] 21/3/2024 09:48

thx Skinny

[williamcooper104] 21/3/2024 08:01

https://x.com/tritaxbigbox/status/1770721345539637342?s=46

[affemoose] 15/3/2024 12:40

SLight delay to 'put up or shut up' of proposed merger -we'll know in a week or so

[campervan1] 04/3/2024 19:02

Sorry, posted already elsewhere and kind of off topic but any ideas here?

Just wondering if anyone else is having a problem with prices returned from the STOCK function in a spreadsheet. I use MAC Numbers. About 20 of my stocks are showing a price that bears just a passing resemblance to the actual price. Curiously, all of these happen to be ITs. SUPR, BBOX, BSIF, NBPE, BIPS to name but a few. Not noticed this happen before. Any ideas or is this a habitual thing that'll just pass?

(I've read somewhere that the prices come from Yahoo Finance, but they seem correct.)

[petewy] 04/3/2024 17:43

he Manager has acquired in the market a total of 1,500,031 Ordinary Shares on behalf of certain partners and employees of the Manager, including the persons discharging managerial responsibilities ("PDMRs") and abrdn Holdings Limited, in its capacity as member of the Manager. The Ordinary Shares were acquired on 1 March 2024 at £1.4926 per share.

statement of cofidence...

[scruff1] 02/3/2024 20:42

Im relieved I didnt teach you lot maths :-)

[scruff1] 02/3/2024 14:09

From HL

Year ending: 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019
Dividend payments
4th interim: 2.05p* 1.975p 1.90p 1.7125p 1.7125p
3rd interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p
2nd interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p
1st interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p
Total dividend for year: 7.30p 7.00p 6.70p 6.40p 6.85p
Dividend metrics
Dividend growth: 4.29% 4.48% 4.69% -6.57% 2.24%
Dividend yield: 4.30% 5.10% 2.70% 3.80% 4.60%
Dividend cover: 1.06 1.11 1.23

[skinny] 02/3/2024 13:48

And FWIW - historically, the 1st three interims are the same amount, with an increase to the 4th :-

[skinny] 02/3/2024 13:45

Its in the RNS!!!


The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has declared an interim dividend in respect of the period from 1 October 2023 to 31 December 2023 of 2.05 pence per ordinary share, payable on or around 2 April 2024 to shareholders on the register on 15 March 2024. The ex-dividend date will be 14 March 2024.

This dividend will be a Property Income Distribution ("PID").

Following the payment of this dividend, the Company will have paid, in aggregate, 7.30 pence per ordinary share in respect of the year ended 31 December 2023, an increase of 4.3% against 2022.

[igoe104] 02/3/2024 12:07

Dividend is going from 1.75p to 2.05p by my calculations its a 14 63% rise. Thats Q3 to Q4.

Last year Q4 figure was 1.975, to depends what your comparing it against..

[scruff1] 02/3/2024 10:50

Not sure how they get to 17% however they cut it

[morph7] 02/3/2024 10:34

Just had an alert that said div is increased 17%.Anyone confirm this?

[nickrl] 02/3/2024 07:44

Tidy set of results and taking minimal risk on loading up the credit card on new developments so perhaps they need UKCM to occupy themselves although no mention of it in the presentation.

[scruff1] 01/3/2024 12:29

I will. I will :-)

[jbarcroftr] 01/3/2024 11:42

Bbox have options on future development sites. These will only developed as prelets
Imho so I think the future is bright. Look at Segros announcement today

[scruff1] 01/3/2024 11:40

I suspect it would be hard to disagree with that. As a holder since 2020 and the original 140 I was enjoying the rise back up to 170 expecting/hoping it to continue. Then this bit of a kicking again. Hopefully this is it and once its settled down we can get some sustained growth.

[affemoose] 01/3/2024 11:11

I can see this going higher as 3 factors come into play, none of which are rocket science:

1. Inflation comes down (slowly) - so the delta between rent and costs of capital get larger and reflect positively on the margins.
2.The Divi becomes more attractive as interest rates come down and thus attracts income seekrs
3. The aquisition - it's a ball ache but they can sell off non-Data Centre assets and raise capital to invest in new stock or pay down debt. If they choose to do so.

Overall i'm still glad i own this stock, like many i'd like to see some positive share movements but the Divi is paying me to be patient.

Interested in other opinions though.