Tritax Eurobox Share Discussion Threads

[skyship] 04/6/2024 07:13

Flyer - indeed, back in, as I posted in 1562 above. Not a full allocation; but may be adding today.

[williamcooper104] 03/6/2024 23:59

The hope is that SGRO and/or some of the US REITs get involved At NAV it's about 18-19x - but the 25% management costs could be cut to about 6-8% which would bring the multiple down on an acquisition For Brookfield to make their 15 IRR they'll need to be assuming a lot of rental growth and yield shift

[williamcooper104] 03/6/2024 23:55

Alternatively we can get the divi while we wait for the company to sell its assets Especially if while winding up euro rates fall

[danb45] 03/6/2024 23:05

no I bought it for long term too - a bid now they're getting it on the cheap - I hope initial bid doesn't go through as it won't account for capital gains + dividends going forward IMO

[flyer61] 03/6/2024 21:45

exactly my thoughts SKY....think EPIC.

Were you back in here...?

[skyship] 03/6/2024 21:23

NAV as at Mar'24 = 82.4p. Any offer has surely to be at a discount; quite possibly 10%. So anything around 74p acceptable in my book. Makes the 60p level look rather cheap!

[williamcooper104] 03/6/2024 20:38

Hence anything less than NAV and will vote against (not of course that that will make much difference)

[williamcooper104] 03/6/2024 20:38

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

[rat attack] 03/6/2024 20:32

If Euro interest rates go down this week NAV moves up!! Bought this for the long term so hope full bid doesn't materialise. Am I the only one with this view? Probably!!

[grim] 03/6/2024 19:54

Look at those big buys at 59.9p after the close. Inside info. any one?

[igoe104] 03/6/2024 19:35

Should lift the whole sector, if the bid comes in above the Nav.

[morph7] 03/6/2024 19:25

If they do proceed then I hope it's a massive premium as I'll be pretty gutted to lose such a good company...

[mirabeau] 03/6/2024 18:21

Offer or not as the case maybe

[speedsgh] 03/6/2024 17:35

Brookfield are no fools. Most recent NAV (EPRA NTA) was EUR0.96 which equates to approx 82p. One assumes they believe the bottom is in.

EPRA NTA: EUR 0.96 as at 31/3/24
EPRA NTA: EUR 1.02 as at 30/9/23
EPRA NTA: EUR 1.05 as at 31/3/23
EPRA NTA: EUR 1.38 as at 30/9/22
EPRA NTA: EUR 1.49 as at 31/3/22
EPRA NTA: EUR 1.35 as at 30/9/21
EPRA NTA: EUR 1.25 as at 31/3/21
EPRA NTA: EUR 1.22 as at 30/9/20
EPRA NTA: EUR 1.18 as at 31/3/20

[cwa1] 03/6/2024 17:33

Excellent :-))

[flyer61] 03/6/2024 17:29

Where is Sky...cherries are ripe!

[value hound] 03/6/2024 17:28

Any guesses? I'll start the bidding at 77p.

[williamcooper104] 03/6/2024 17:28

Not a cent less than NAV Brookfield will benefit from the bond debt which likely doesn't have change of control covenants

[lord gnome] 03/6/2024 17:25

That's a nice bonus. They can have mine for 75p.

[skinny] 03/6/2024 17:07

In my best Dan Maskell voice - Oh, I say!

[rcturner2] 03/6/2024 16:58

Happy days.

[spectoacc] 03/6/2024 16:57

Statement regarding Tritax EuroBox PLC ("EBOX", or the "Company")



Brookfield Asset Management ("Brookfield"), through its private real estate investment funds, notes the recent press speculation in relation to EBOX. Brookfield confirms it is in the early stages of assessing a possible cash offer for the entire issued, and to be issued, share capital of EBOX. Accordingly, there can be no certainty that any offer for the Company will be made nor as to the terms of any such offer.

[speedsgh] 03/6/2024 15:31

EXCHANGE RATE FOR DIVIDEND PAYMENT -

On 16 May 2024, the Company declared an interim dividend in respect of the period from 1 January 2024 - 31 March 2024 of 1.25 cent per Ordinary Share, payable on or around 21 June 2024 to shareholders on the Register on 24 May 2024.

In accordance with the Company's dividend policy, dividends are declared in Euro and paid, by default, in Sterling. The Euro/Sterling exchange rate for dividend payments made in Sterling has been determined as 0.8517, resulting in an interim dividend of 1.0646 pence per Ordinary Share. 0.43 cent of each 1.25 cent dividend per Ordinary Share will be designated as interest distribution*.

[nickrl] 29/5/2024 19:49

@MRF nice sell off equals nice entry point