Tritax Eurobox Share Discussion Threads

[hpcg] 26/7/2024 17:48

I've had 74p in my mind, circa 10% on from the 67p the share price has settled at. With the time it has taken and will take to complete the next distribution would be on top.

[tradez4dayz] 26/7/2024 17:23

Fingers crossed 80p and I would be chuffed

[spectoacc] 26/7/2024 17:09

Definite feel of a leak, could be this weekend...

[cwa1] 26/7/2024 17:06

Good volume and decent UT above the prevailing spread. Is it too early to get excited?

[loglorry1] 26/7/2024 12:23

it was a sterling issue and was done at 4.44% for a 7 year note.

"The Facility is priced at a margin of 1.55% over SONIA and benefits from forward starting hedges, which cap the interest rate at an all-in cost of 3.0% until January 2026."

Note that they got it away at 3% until Jan 2026 using hedging.

The green bond is super cheap though - they would not manage that level but if they managed something around 3-4% and reduced borrowing with some asset sales it wouldn't be such a shock.

[nickrl] 26/7/2024 11:53

@loglorry1 5yr eurobor swap is 2.6% so over 4% for a refi which would be 4x rate of the green bond but unlikely to be an issue now.

[1knocker] 26/7/2024 11:07

Provided that the dividend continues to be paid at the current rate I don't care how many extensions are granted.

Actually, with interest rate cuts in prospect, probably the more the better!

[loglorry1] 26/7/2024 10:04

SUPR raise some debt today at 1.55% over 5 year SONIA. Bodes well should EBOX have to refi their green loan. I think both have some good quality assets. Might obviously be taken out first.

[lord gnome] 25/7/2024 21:47

I didn't uptick the post, but given that the company is obviously in play and talking to potential suitors, any company that isn't already talking to Eurobox must surely be out of the running and/or uninterested.

[skyship] 25/7/2024 21:05

???

They are yet to reveal their hand; same as everyone else!

And could those who ticked the above post please explain why. Will perhaps help explain the situation.

[hpcg] 25/7/2024 13:47

SGRO won't be on the side-lines. They are either involved now or not involved at all.

[skyship] 25/7/2024 13:17

As stated before; surely SGRO on the side-lines waiting upon events...

[garbetklb] 25/7/2024 11:43

I wonder if there are any alternative bidders?

[budd_foxx77] 25/7/2024 11:37

Ok thanks, that’s interesting about EQLS

[spectoacc] 25/7/2024 11:22

No no, no-no-no-no, no no there's no, limit.

EQLS a great example, think we're into extension number 8.

[budd_foxx77] 25/7/2024 11:21

does anyone know can they just keep requesting more extensions or is there some kind of hard limit?

[spectoacc] 25/7/2024 11:14

Will surely extend - got to sort through the alternative bidders first.

[speedsgh] 25/7/2024 10:27

Not long to the latest deadline for offers which is 5.00 pm BST on Mon 29 July.

EDIT - subject to further possible extensions naturally!

[my retirement fund] 25/7/2024 07:22

Really seems to be dragging on this.

[hpcg] 15/7/2024 17:35

Yes they will return less than the launch price. Whatever. Those that bought in at the low interest rates then, and didn't sell as interest rates went up, will suffer the consequences of both decisions.

[rcturner2] 15/7/2024 14:33

The launch price is irrelevant.

[ivor hunch] 15/7/2024 14:26

Returning to my point about fund managers wanting to wind down small and less profitable trusts, my concern is that, because they want to exit relatively quickly, they might not be getting the best price for the assets. In a traditional property company (in which I am involved) timing is all and if you cannot achieve the price you want the best policy is to wait and test the market later. I agree that currently with office space you might have a long wait, but EBOX and ASLI are in logistics and prices here are firm and good marketing should ensure top prices.
I fear that EBOX and ASLI will ultimately return less than their launch prices to shareholders.

[rathlindri] 14/7/2024 20:20

Mentioned in today's Sunday Times my Ian Cowie

[williamcooper104] 13/7/2024 09:36

Depends on whether they buy the plc/top holding company or the assets/individual property owning SPVs If the former then should be pretty quickly, if the latter will be a little longer but they will get most of the cash back to you quite quickly via a B share repurchase