Tritax Eurobox Share Discussion Threads

[my retirement fund] 29/5/2024 18:09

Thanks sky interesting, I keep forgetting to follow cp+ so have added it to favourites. Its been quite brutal out there today. Sell in May and all that will probably prove particularly true this year !

[chucko1] 29/5/2024 17:48

I see the slump as a reaction to the rapid 48p to 62p rise and a concurrent rise in 10yr EUR swaps to >3%, notwithstanding any near term cut. It's the longer term cuts which are relevant here, and that has all soured globally.

But I see 8% yield as good value once again.

[nickrl] 29/5/2024 17:36

ECB expected to cut tomorrow despte German CPI print out above economists forecasts although id be surprised if they get green bond refid at less than 4% when it becomes due but time on their side to take action on further disposals.

Edit: decision next week!

[skyship] 29/5/2024 16:35

...and a few more nr the close down at 53.54p! Average 54.1p on the day. Down 5% today - quite a bizarre fall.


free stock charts from uk.advfn.com

[skyship] 29/5/2024 16:21

Made a sale elsewhere, so added at 54p - back on an 8% yield again.

[skyship] 29/5/2024 13:30

MRF - well, if you drop into the CP+ thread from time to time, you will have seen the debate regarding the two abrdn REITs in wind-down mode.

So API & ASLI now account for 22% of my portfolio as the GRYs seem likely to deliver 15% - 20% pa over the 12-30month wind-down periods.

I love the certainty of that level of return.

Also hold AEWU, CLI & SERE in the commercial property sector.

Outside of that sector, silver (PHSP) is my largest holding. Proving very profitable that one, as has climbed c25% recently. Also keen on AUGM - the fintech specialist still trading on a c32% NAV discount.

[my retirement fund] 29/5/2024 12:39

What you got in your portfolio these days Sky ?

[skyship] 29/5/2024 12:04

XD now of course; and the dreaded 0.5% SD to pay; still, share price now back into my BUY zone.

Very little cash at the moment as pretty fully invested. Still, opened my a/c again with a few just short of 55.5p.

[williamcooper104] 19/5/2024 22:10

Plus before it was a case of EBOX might cut the divi a little but you'd still have a good yield whereas if they cut it now then the yield wouldn't be so great

[williamcooper104] 19/5/2024 22:09

Yep agree with all of that Look at SHED, it's valued at not a lot much more of a multiple than EBOX And while EBOX may avoid a divi cut it's not going to raise it any time soon Did sell a little; will look at reducing further Although with management expenses being 24% of rent, SGRO or a US REIT could take it over

[hpcg] 18/5/2024 17:03

I agree Sky. I closed my spread bets on results day. There is a much bigger world than just REITs and there are plenty of opportunities for making money, no point leaving it where there isn't obvious good value.

[skyship] 18/5/2024 13:40

These are a good long-term HOLD. But after the recent 25% recovery the gloss has come off the overwhelming value. So, out for the time-being; but looking to be back in again soon. Of the continentals CLI & SERE currently better buys.

[nickrl] 17/5/2024 14:09

HY results favourable and even with recent disposals the NRI and resulting free cash flow covers the dividend easily. They've also paid back the RCF which gives them a bit more cover but burning platform here is that Green bond at a never to be repeated sub 1% rate so need a few more disposals to reduce the 500m to something more manageable.

[1knocker] 17/5/2024 11:33

I think it is just a case of getting in phase with the interest rate cycle. I am out of pocket on REIT purchases i made when interest rates were on the floor, nicely in profit on those i have bought after they rose and whose balance sheets looked sound whwn money was no longer free.

My mistake lay in not selling weaker companies as soon as it was clear that the interest rate season was turning.

[skinny] 16/5/2024 16:21

I was fleetingly back in profit earlier.

[lord gnome] 16/5/2024 14:52

Good decision Skyship. The market is quite clearly unimpressed. Looks like my LTH just got a bit longer.

[skyship] 16/5/2024 08:07

NAV 82.4p - slightly lower than I was looking for. Decided to take the profits...

[williamcooper104] 14/5/2024 15:00

Yep - that's the relevant calculation for sterling holders

[williamcooper104] 14/5/2024 15:00

Again - who cares - they lost money as indeed they would have buying a low yielding asset a few years ago and selling it today

[williamcooper104] 14/5/2024 14:59

Broadly in line does suggest a tiny discountBig deal; all values are just estimates and anything trading a little over or under is in line

[misterd1] 14/5/2024 12:31

Agree with virtually all today's posts -

broadly in line is a cop out,

ROC should have been disclosed, but

the reduction in debt is welcomed

[makinbuks] 14/5/2024 10:20

I agree Bagpuss, "broadly in line" just sounds such a blatant cover up as is the absence of any comment on ROC on the deal. Never the less, further debt reduction selling assets in the region of published NAV is welcome. They just need to hunker down and concentrate on getting rents higher to secure the dividend post refi

[fordtin] 14/5/2024 09:22

re post #1539

to convert to sterling, shouldn't you use the prevailing rates at the time of each transaction?

one SEK was about 8.5p in June 2021, its now ~7.35p