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EBOX Tritax Eurobox Plc

54.10
1.20 (2.27%)
Last Updated: 12:26:40
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tritax Eurobox Plc LSE:EBOX London Ordinary Share GB00BG382L74 ORD EUR0.01 (GBP)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.20 2.27% 54.10 53.80 54.20 54.10 52.90 53.00 459,736 12:26:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 79.89M -223.36M -0.2768 -2.24 500.22M
Tritax Eurobox Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker EBOX. The last closing price for Tritax Eurobox was 52.90p. Over the last year, Tritax Eurobox shares have traded in a share price range of 43.55p to 69.90p.

Tritax Eurobox currently has 806,803,984 shares in issue. The market capitalisation of Tritax Eurobox is £500.22 million. Tritax Eurobox has a price to earnings ratio (PE ratio) of -2.24.

Tritax Eurobox Share Discussion Threads

Showing 1426 to 1444 of 1450 messages
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older
DateSubjectAuthorDiscuss
27/2/2024
12:40
Horses for courses.Different people use different methods.
rcturner2
26/2/2024
13:54
Personally, I'm 90% certain that inflation is reducing and interest rates are again headed down.

# I know that the shares offer an 8.5% yield on a covered dividend.

# I know that logistics demand remains high and that rents are headed only one way due to in-built inflation upgrades.

# I know that the Green Bond has to be refinanced - though not yet - likely next year in 2025 ahead of the maturity date in Jun'26; ie in a lower interest rate environment

# I know that the portfolio of 25 assets across 7 countries are of modern build in prime locations

# I know that I can research thoroughly thanks to their comprehensive presentations post both Prelims & Interims

# I know that the shares trade at a c40% discount to NAV; frankly an absurd level for a European propco

# I know that the shares rallied to 60p just 2 months ago; and consider it highly likely they will be back up there in Q2'24

skyship
26/2/2024
13:24
Well, as I indicated above, if it works for you, then that's great.
skyship
26/2/2024
12:47
Sky, as I cannot be certain where some of these parameters are going to be at any given time, I cannot possibly be more prescriptive.

But given that I have been buying a few of these and might look to add, I think it wise to invest some further thinking time on the risk/reward.

But imagine if inflation smacked us all in the face and stopped falling, against expectations. At least I would have some sort of mechanism to compare EBOX with, say, SUPR (and many others), by understanding their sensitivities and changing relative value were they all to move (which they would) on account of the changing macro variables.

My ultimate goal is to try and make the right call, and thereby make some money. As importantly, were I to make the wrong call, then I would also make money because I would lose less than most others and buy their pain cheaply - so the returns would come back albeit longer term, but likely higher than they would have been if they had been earned short term.

chucko1
26/2/2024
09:41
I thought it was a good post too. It relates to a question I was going to ask to, really at, the regulars on the fixed income thread. We are starting to see some bond-proxy funds raise their dividend, GSEO and SEIT last week. Those raises are not keeping up with inflation by any stretch, but that is substantially better than a permanent preference share where both capital and dividend decline in real terms year after year. To retain real value the inflationary part of the return must be reinvested. Even with high sounding headline interest rates those instruments offer nugatory returns. Back on topic, at least rents will grow over time, specifically this sector, not more generally in property, and so once the interest rate bump up has been digested the longer term, if one enters at an appropriate price, the dividends should maintain real value.
hpcg
26/2/2024
08:09
lol skyship that's a bit churlish

I found it a very useful post as it explains different possible outcomes that you can adjust according to your own thinking.

rcturner2
26/2/2024
08:07
SO? Is there an answer, or just navel-gazing!

Sorry, but looks to me like a lot of time and effort, signifying nothing.

Still, if it provides you with a path to somewhere, then good.

skyship
26/2/2024
07:27
Nice post.
skinny
22/2/2024
09:12
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.
hpcg
22/2/2024
08:31
That revision to stable, thereby unendangering the investment grade rating is a good thing, though these things are always subservient to the market pricing for the debt. Ratins agencies lag badly! Nevertheless, the rationale for the outlook change is always worthwhile. In any event, the price of the Green Bond tells you quite a bit, although by contrast, the price of the equity merely serves to confuse, on the other hand.

Stock went ex this morning and stock price has moved a fraction of the dividend amount. A mild indication of it being traded irrationally. But add that to the numerous other occasions where other ITs go ex and move only a fraction and it is a better indication of the stresses everywhere in the Inv Tr "sector".

STRESS + RISK MANAGEMENT = OPPORTUNITY (1)

STRESS + PANIC = DAMAGED PHONE (2)

chucko1
22/2/2024
08:28
Ah - thnx for that reminder.
skyship
22/2/2024
08:19
Good news that - but the Market seems not to recognise the fact!
skyship
22/2/2024
07:09
Tritax EuroBox plc (the "Company"), which invests in Continental European logistics real estate assets, announces that Fitch Ratings ("Fitch") has revised the Company's outlook to Stable from Negative. Fitch has also affirmed the Company's Long-Term Issuer Default Rating at 'BBB-', and affirmed its senior unsecured debt rating at 'BBB'.

Fitch press release

According to Fitch, the drivers behind its outlook analysis include the logistics asset class's fundamentals, the Company's disposal programme and asset portfolio, plus yield dynamics and demand/supply metrics.

Company commentary

Mehdi Bourassi, Chief Financial Officer to Tritax EuroBox plc, commented:

"The affirmation of the Company's investment grade rating, and restoration to a stable outlook, underlines the good progress made on the sales of selected assets at, or close to, book value, and overall resilience of the portfolio. The Company will continue its disposal programme through FY24 and remains committed to maintaining an investment grade rating."

skinny
20/2/2024
16:53
I think the key thing here is that the stabilising IR environment will improve further the ability to sell assets and render the supposed refunding squeeze pretty-well neutered.

There is talk in the US of perhaps the next Fed move being a hike, but that comes with a 20% cited likelihood and in any event, a US economy that is leaving that of the EU (and UK) for dust. It is only the matter of timing of an ECB cut which will keep bonds volatile, but far less volatile than the situation of 6 months back when inflation was jumping higher without confidence of an end to it!

If it comes to pass that further sales are readily available and is a matter of seller's choice, 51p is really cheap (let alone the recent 47.6p).

chucko1
20/2/2024
16:30
https://quoteddata.com/research/tritax-eurobox-calmer-waters-qd/?utm_medium=email&utm_campaign=EBOX%20-%20RET%2020022024&utm_content=EBOX%20-%20RET%2020022024+CID_397906e5f21ed505d354aea3f033cf06&utm_source=Research%20note&utm_term=view%20report
williamcooper104
16/2/2024
12:58
:-)

No.

skinny
16/2/2024
12:56
Is that the kid from the Omen!.
essentialinvestor
16/2/2024
12:38
Above 50, eh.
essentialinvestor
14/2/2024
08:46
I would view EBOX further out on the risk spectrum than CREI atm. Hopefully some further disposals here shortly.
essentialinvestor
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older

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