Tritax Eurobox Share Discussion Threads

[my retirement fund] 06/2/2024 15:36

Sky its not an x trade, it's a total14mil volume trade in 2 split transactions. The price was 49p. Circa £7 million pounds worth assets just changed hands.

[skyship] 06/2/2024 13:51

Looks as though midday saw a XTrade of 7.8m at 49p. Could that be the end of the damned tap. Do hope so...and good riddance.

[lord gnome] 06/2/2024 07:04

If you want to buy in Sterling then buy EBOX. If you want to buy the Euro version, buy BOXE.

[meanreverter] 05/2/2024 22:32

Something is odd about the EPIC for Tritax Eurobox. On Google, ADVFN, and Yahoo, it is EBOX; on InvestEgate it is BOXE; on LSE and DividendData you can find the company under both EBOX and BOXE; and on London Southeast, BOXE is recognized, but leads only to the company's share price in euros, while the site is fully functional for EBOX.

If you use InvestEgate, as I do regularly, you will need to use the code BOXE.

[salpara111] 04/2/2024 16:42

Watched this one for a long while, only comment right now is that the current market cap would see them relegated to the small cap. Next review is 28th Feb so not long for them to turn around.

[pyufak] 03/2/2024 18:20

I’m keen to add … but where’s the director buys?

We’re not in blackout anymore! It would be a sign of belief to the market.

[skyship] 03/2/2024 10:52

There is an interesting similarity between the last 6week, 20% sell-off back in Sept/Oct and this Dec/Jan sell-off - same time dimension, same % fall and same lows shown on the MACD chart.

The last sell-off rewarded bottom-fishers with a rapid 33% rise shortly thereafter. I'm expecting history to repeat...


free stock charts from uk.advfn.com

[spectoacc] 02/2/2024 19:56

Don't disagree, though also haven't bought back yet.

Sold on the way up from 55p, so perhaps less margin in it for me than those out at 60p+ on all of it.

[essentialinvestor] 02/2/2024 19:49

Tempted today, will have another look next week. If they offload another €70 million or so, the market may treat EBOX a little more kindly.

It's difficult to be sure of anything atm, however on probabilities risk/reward looks reasonable here.

[spectoacc] 02/2/2024 19:26

@EI - agreed, particularly with German exposure. Starting to look recessiony there.

You'd think a fair bit in the price already - altho it never is.

[hindsight] 02/2/2024 18:57

Agree EI only way makes sense is its down to worries the CBs will create a bad recession or a depression by delaying rate reductions

[chucko1] 02/2/2024 18:38

WC, that is a vast difference and seems to have no explanation other than the particular needs or fears of individual investors (or investor groups). It is not as though the capital arrangement of EBOX is static and there is some cliff-edge were they not able to sell further properties at decent prices, even with rates not going lower. i.e. it is not like the different classes of a CDO with a portion of bad bonds relatively equal to the, say, equity class.

That said, I have not done the deepest dives on this yet as I am not yet thinking of a particularly large position. Might change!

[essentialinvestor] 02/2/2024 18:33

Is some of this not just risk off sentiment on recent poor Europe macro?.

[williamcooper104] 02/2/2024 18:15

And then 2028 bond was yielding c7 - now it's about 4.5-4.7

[chucko1] 02/2/2024 17:12

I was being avant-garde picking a later period.

Last time EBOX was at 49p, the 10 year EU Swap was at 3.14%. It is now at 2.63% even after the 8bps move of today.

Alternatively, when the 10yr swap rate was (severally) at 3.14%, prices of EBOX were 52.3p, 56.9p, 60.8p and 58.0p (the 4th one I have dividend adjusted).

The price of EBOX on this quite simple basis is way out of tune.

[essentialinvestor] 02/2/2024 14:05

So you avoided the more obvious.. Don't You Want Me... Human League reference ;

Back when Phil Oakley had a lot of hair!.

[skyship] 02/2/2024 08:57

Interesting to read everyone's comments in December from P.1200 onwards.

Many of us bought before the lows; added around the lows...then profited as EBOX set off on a 33% upward run to 60p+.

IMO - time to be buying back in again; or miss the boat.

This was one of Ken's posts at that time (1206); NB - "the best time to buy..."

================================

Congratulations SKYSHIP on your justified conviction about EBOX. We now know it was crazily oversold down at 45p. Unfortunately I’ve a similar rule to SKYSHIP but not just like him no more than 10% in any one share or Investment Trust but also a maximum stake on a share and Trust too, so my top up at 45p had to be modest after the main buy around 55p.

When, as has happened with bb comment here and on other REITS, comment is very negative, people sometimes forget to question whether that bad news and the negatives they cover, might already be priced in. So often with quality shares and Investment Trusts, it turns out that the best time to buy is when sentiment and comment and the share price is dire. Buying bombed out shares and Investment Trusts has been my preferred tactic for many years and it has worked far more often than not.

Where I differ from some is that once I’ve bought a high yielding share or REIT I tend not to trade it but unless news suggests it’s right to sell, I then hold and collect the dividends for multiple years. That works too. e.g AEWU bought in an even worse REIT downturn in 2020 at 63p to give 13% annual yield even without that 50% share price gain on top. I just accept that the capital gain will reduce in dips like the recent one, but so what as long as that big dividend is held.

[chucko1] 02/2/2024 01:44

... or extraordinary opportunity?

If so, then at this (Thursday) morning's sellers' expense.

I don't think, as the Human League might, that the stars are going out.

[my retirement fund] 01/2/2024 19:42

Extraordinary price action!

[williamcooper104] 01/2/2024 18:10

And yet the 2026 bond hasn't sold of Equity and bond markets don't agree This time I'm inclined to believe the bond market is pricing this correctly

[skinny] 01/2/2024 17:57

That's a horrible bearish engulfing candle today.

[rathlindri] 01/2/2024 17:17

Just grim!

[essentialinvestor] 01/2/2024 17:08

riverman ...if it ever recovers.

Might be a tad on the pessimistic side!!.

[hpcg] 01/2/2024 17:00

We know the market is irrational because the ECB meeting was a week ago. BoE only sets the local risk free rate. I honestly don't think it will test the low, which would be heavily bought. So much more likely it makes a higher low at some point.