Tritax Big Box Reit Share Discussion Threads

[scruff1] 21/4/2024 07:51

We will find out in a couple of weeks

[williamcooper104] 20/4/2024 14:43

Yep the criticism of the merger is all good for us holding BBOX

[scruff1] 07/4/2024 08:44

graham - indeed he is. I thought one of the largest investors was already on the board

[tnt99] 06/4/2024 20:33

Should see a big update soon on the merger

[grahamburn] 06/4/2024 19:36

scruff......NOT the CEO.....Chairman disagreed, while one of largest shareholders is joining Trirax board

[scruff1] 06/4/2024 17:08

I agree with you. Was just wondering with the CEO and a largish holder expressing reservations and probably others whether there could be movement. I would prefer you not to be proven wrong - it would have been a waste of time and money and look what has happened to SHED thus far

[speedsgh] 06/4/2024 15:16

Unlikely to unravel imo in view of support from Phoenix & abrdn but happy to be proven wrong.

[scruff1] 06/4/2024 07:59

Article in today's Citywire. TRY fund manager says the merger with BBOX should be re considered. TRY hold 3.5% of UKCM. Will it unravel????

[scruff1] 04/4/2024 13:36

Shouldnt all these rule 8 disclosures have been made by now? Anyone know ?

[cwa1] 03/4/2024 09:05

Barclays raises Tritax Big Box price target to 190 (165) pence - 'overweight'

[scruff1] 29/3/2024 10:47

LondonMetric Property (LMP) has ruled out making an offer for UK Commercial Property (UKCM) after a report that it was considering one.

The report came after UKCM chair Peter Pereira Gray voiced criticism of the proposed all-share merger with Tritax Big Box (BBOX), and was refuted by LondonMetric in a statement.

‘LondonMetric notes the comments made by the chairman of UKCM in the 21 March 2024 announcement of the all-share combination with Tritax Big Box Reit plc,’ it said.

‘However, having only recently completed its merger with LXi Reit on 6 March 2024, LondonMetric is not currently in a position to pursue an offer for UKCM.’

LondonMetric also noted the irrevocable support by Phoenix Life, UKCM’s leading 43% shareholder for the merger, which is backed by a majority of UKCM’s independent directors.

The announcement greatly increases the likelihood of Big Box securing the £900m investment trust, meaning UKCM’s manager Abrdn will retain the assets as it also owns Tritax.

[williamcooper104] 26/3/2024 17:08

Cohens and Streer - big US reit fund manager - poped up on the shareholder register at 4% - so not a small position

[scruff1] 26/3/2024 06:08

Article in Citywire this am. Its hard to see this merger not going ahead despite UKCMs ceo being opposed.

sub scale funds have three options: merge, sell or liquidate.

[skinny] 25/3/2024 10:47

FWIW :- Berenberg raises Tritax Big Box price target to 175 (155) pence - 'buy'

[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.)