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Share Name | Share Symbol | Market | Stock Type |
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Tritax Eurobox Plc | EBOX | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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68.90 |
Industry Sector |
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REAL ESTATE |
Top Posts |
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Posted at 12/11/2024 10:51 by stargazerspark Will the large holders vote in favour of 69p or demand more?Quite a lot have traded above so feels like the meeting will fail if they don’t throw at least 3p on the table. It’s hard to understand why the board don’t speak to investors. The initial segro deal only had the backing of the directors shares. Professional advisors doing well in any case… |
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 13/9/2024 13:28 by hindsight Maybe explains yesterdays lift not that a counter bid will be any surpriseSuitor readies rival bid for Tritax Eurobox 12 Sep 2024 15:20 BST | by David Hatcher Investor aiming to unseat Segro’s £552m+ recommended offer |
Posted at 04/9/2024 11:08 by williamcooper104 I would have preferred if EBOX and ASLI had merged and stayed listed You can be sure Aberdeen, the external manager, far preferred that, that it's not happened but therefore be down to institutional investors |
Posted at 10/6/2024 16:28 by hpcg Anyone taking notice of the London market in the last 8 months has left what, 25, 30 50% of alpha on the table. I added more physical today because at this price I'm quite happy to hold anyway. Best period to be an active investor since 2009. |
Posted at 07/6/2024 08:45 by hpcg Price action since the bid news just makes a bid turning up much more likely. If investors don't think it is worth paying 60p now they are going to rush to the exits at 77p. I'd hazard that having seen the price move enthusiastically to €0.74 at the sniff of the ECB cutting rates Brookfield probably figured they needed to act now before the discount closed further.Looking at the number of Form 8.3 that have been released, and the huge number where the stake is between 1 and 2%, and the low number over even 3% I hardly think there is a corp of committed holders ready to make a last stand at 77p or whatever. |
Posted at 04/6/2024 15:25 by hpcg Thanks, CWA1, me too. Now imagine it isn't your money, it is other people's. Your direct incentive on the other hand is to grow AUM, and beyond that if you don't the cash on hand will be taken away and allocated to someone else.There surely must be some incentive for the asset manager to pay the lowest amoun but I don't know what. I am 99% certain that any sensible deal, which included NAV, if more remunerative to the buyer than no deal at all. I doubt the offer will be at NAV, but it might be close, Even if it isn't investors couldn't wait to sell into the news so it would be likely accepted. I think Brookfield has a very good idea what to pitch to get it over the line. Probably also what it takes to trump any potential counter offer. There is even a non-zero chance an offer comes in above NAV IMO. |
Posted at 03/6/2024 19:38 by williamcooper104 If cash at NAV and completes quickly then happy enough But sympathise as at some point will struggle to reinvest Will be able to put into ASLI but then after that won't be able to get hold of euro logistics easily so that's an asset class that's gone for retail listed equity investorsAnd that's the long term con of PE - buy up the best assets that are most appropate for pensions/long term investors and then charge their paywall fees to get access to it |
Posted at 03/5/2024 15:08 by hpcg FFO will not support the current dividend when the green bond is refinanced. Probably. For whether an uncovered dividend can be paid, and for how long, is also unknown. Asset sales reducing debt, but also revenue, also unknown. Small differences to the interest rate on the refinancing can make a huge difference to the optics. So there is the double unknown as to how other investors treat the same information. Don't forget that when looked at with conventional metrics property companies are very very low quality businesses. |
Posted at 22/2/2024 09:12 by hpcg Too many investors reject the words of rating agencies, because you know, history, but as a couple of you have already mentioned this is financially meaningful for EBOX and investors. |
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