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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tritax Eurobox Plc | EBOX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 68.90 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 68.90 | 68.90 |
| Industry Sector |
|---|
| REAL ESTATE |
| Top Posts |
|---|
Posted at 22/10/2024 08:56 by betman essential - I totally agree with your logic. If SGRO did bid again their share price could dip temporarilyI have sold my EBOX as per Raj comments. I have put some of the proceeds in Greencoat UK wind, a different sort of infrastructure but a nice 7.9% divi yield |
Posted at 10/10/2024 15:31 by williamcooper104 NAV is on a going concern basis so doesn't include the costs to dispose and capital gains tax - remember EBOX is not a REIT They're quoting IFRS NAV so will be including fair value on swaps |
Posted at 10/10/2024 11:56 by skyship gopher - SGRO weak because so over-valued up at the 900p level. Hence directors using over-valued paper for their EBOX bid, rather than cash. I shorted at 888p; but bought back too soon a 855p - a turn is a turn nevertheless. (they had bounced back above 900p after I shorted; so just happy it then went the right way!) |
Posted at 08/10/2024 14:04 by houseofpain1 You could equally say that if Brookfield had decided not to make an offer that they would have done so by now...?Clearly a good number of people think another offer will be forthcoming with EBOX shares trading about as far above the implied Segro bid price as they have done since that offer was announced. FWIW, I think Brookfield will make an offer but that it may only be around the 70p mark. Had Segro's share price remained strong, they might have had to offer 74p/75p to "win" but given that the live price is now down to 64.4p (Skyship - I think you may not be including the dividend in your calc above?), I think 70p (and in cash!) will be enough for shareholders whilst also being attractive to Brookfield at a c12.5% discount to NAV. But that's all just my guess! |
Posted at 08/10/2024 07:54 by skyship If Brookfield were going to make an offer then surely they would have done so by now.Problem for EBOX holders is that the SGRO offer is the only offer on the table; and their over-priced paper has slumped from 885p to 830p, yet still dear on most metrics. At 830p the offer (0.0765%) is now worth just 63.5p - a 19.5% NAV discount! Certainly undervalues EBOX, who, if they can, should withdraw their support. |
Posted at 14/9/2024 11:11 by kenmitch I sold all mine yesterday and added more to SERE in the same sector as EBOX and still on a discount over 30%. Could SERE be the next one to get bid interest? Surely a bidder isn’t going to pay the full NAV or even more for EBOX? If that were to happen it could wake investors up to the fact that some of the REITS still look to be at bargain prices and put a bit of a rocket under their share prices. So any further profit missed by selling EBOX too soon, would probably be more than made up for in gains for our other REIT holdings.I also bought terrible performer PSDL a few months ago on recovery hopes, and the share price is ticking up now, probably helped by lower European interest rates. Discount still over 40%. Here’s their most recent August 1st update. Results are on September 26th:- |
Posted at 04/9/2024 09:14 by hpcg 1knocker - no, the takeover is not a chargeable event. Think of it as if you had never owned EBOX shares, but bought the number of Segro shares you end up with for the same money you bought your EBOX shares for. |
Posted at 04/9/2024 06:15 by cwa1 Recommended All-Share Offer by SEGRO plc ("SEGRO") for Tritax EuroBox plc ("Tritax EuroBox")to be effected by means of a scheme of arrangement under part 26 of the Companies Act 2006 Summary The Boards of Tritax EuroBox and SEGRO are pleased to announce that they have reached agreement on the terms of a recommended all-share offer by SEGRO for the entire issued and to be issued share capital of Tritax EuroBox. It is intended that the Transaction will be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The purpose of the Scheme is to enable SEGRO to acquire the whole of the issued and to be issued share capital of Tritax EuroBox. Under the terms of the Scheme, which will be subject to the Conditions and other terms set out in the full announcement and to the full terms to be set out in the Scheme Document, Tritax EuroBox Shareholders will be entitled to receive: For each Tritax EuroBox Share: 0.0765 New SEGRO Shares (the "Exchange Ratio") In addition, Tritax EuroBox Shareholders will be entitled to receive and retain a dividend of 1.25 cents per share (equivalent to approximately 1.05 pence per share at the current exchange rate) in respect of the quarter ending 30 September 2024, to be announced, declared and paid prior to the Effective Date to Tritax EuroBox Shareholders who are on the register at the relevant record time in relation to such dividend (the "Tritax EuroBox Fourth Interim Dividend"), the aggregate value of the New SEGRO Shares to be issued pursuant to the Exchange Ratio and the Tritax EuroBox Fourth Interim Dividend together being the "Transaction Value". For the avoidance of doubt, as set out in more detail in the full announcement, Tritax EuroBox Shareholders will also continue to be entitled to receive and retain the previously declared Tritax EuroBox Third Interim Dividend. Based on the closing price per SEGRO Share of 880.0 pence as at 3 September 2024 (being the last Business Day prior to the date of this announcement), the Transaction Value values each Tritax EuroBox Share at 68.4 pence, equivalent to approximately 81.1 cents at the current exchange rate, representing: · a premium of approximately 27 per cent. to the closing price per Tritax EuroBox share of 53.8 pence as at 31 May 2024, being the last Business Day prior to the commencement of the current Offer Period (the "Undisturbed Date"); · a premium of approximately 27 per cent. to the volume-weighted average price per Tritax EuroBox share of 53.8 pence for the 3-month period prior to the Undisturbed Date; · a discount of approximately 14 per cent. to Tritax EuroBox's last reported IFRS NAV and EPRA NDV per share of 93.9 cents as at 31 March 2024; and · an implied Topped-up Net Initial Yield of 5.2 per cent. |
Posted at 03/6/2024 14:31 by speedsgh EXCHANGE RATE FOR DIVIDEND PAYMENT - On 16 May 2024, the Company declared an interim dividend in respect of the period from 1 January 2024 - 31 March 2024 of 1.25 cent per Ordinary Share, payable on or around 21 June 2024 to shareholders on the Register on 24 May 2024. In accordance with the Company's dividend policy, dividends are declared in Euro and paid, by default, in Sterling. The Euro/Sterling exchange rate for dividend payments made in Sterling has been determined as 0.8517, resulting in an interim dividend of 1.0646 pence per Ordinary Share. 0.43 cent of each 1.25 cent dividend per Ordinary Share will be designated as interest distribution*. |
Posted at 09/2/2024 10:14 by riverman77 When I say interest rates I really mean market interest rates not the policy rate, and my expectation is for corporate bond yields to fall sightly over the next year or so, which should be good for EBOX. However, EBOX are not reliant on this and could still comfortably refinance at current market rates.Complete panic talk from Pyufak - EBOX are not financially distressed and in a worst case scenario may have to rebase dividend (eg 20% cut which arguably already priced in and would still give a 7% yield). The commercial property funds you mention may need to sell physical properties to meet redemptions - they're not going to be selling EBOX! EBOX is a closed ended fund so will never be a forced seller. Obviously all this could change if interest rates shoot up much higher to say 6%, but as it stands and with inflation coming down there's absolutely no reason to expect this. |
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