Tritax Eurobox Share Discussion Threads

[hpcg] 18/6/2024 13:22

We know how these things work. There will be assorted internal and external pitch decks knocking around. They will have some material on assets, growth potential and so on. They will talk about cost of capital, management costs and so forth. The internal document will make note of the fee earning potential and the capital lined up for such assets. There are a few key values such as the top end that can be paid and the estimates for the range shareholders might accept. Internal work takes precedence over a speculative bank pitch though that might be a trigger. Lots of people have an incentive to make a deal work and judging by the share price I imagine quite a few holders would welcome the easy cash. There looks to be sufficient room in the discount to satisfy enough parties.

[spoole5] 18/6/2024 10:28

Hopefully back above 60 this week

[williamcooper104] 17/6/2024 20:16

Equally given it's the same fund manager any bidder will know that anything materially below NAV is unlikely to get any traction so won't be so included to spend money and more importantly time on it

[horndean eagle] 17/6/2024 19:28

ASLI courted offers and they came in materially below NAV. Would be odd for EBOX bidder to offer closer to nav given assets pretty similar. EBOX wanted big discount on ASLI.

[skyship] 17/6/2024 10:46

spoole5 - rather pessimistic view considering the Market valued them at 62p just a few weeks ago!

[spoole5] 17/6/2024 08:59

Can't see why they would need to offer anything less that 65-67 which would be a 20% uplift when it's clear the market won't be valuing them at that for a long time

[skyship] 14/6/2024 12:29

wskill - there isn't a bid on the table.

[assetbackedvalue] 14/6/2024 11:44

Why would any rational shareholder accept an uplift of less than two year’s dividends? When the NAV has bottomed? And the share price has practically hit that level in recent weeks? And with other prospective buyers?

[spoole5] 14/6/2024 11:08

I reckon they could get this for 65p right now

[hpcg] 13/6/2024 18:12

I'd say if anything the price action since the announcement makes a bid more likely.

[advfndean] 13/6/2024 16:59

'No bid coming by the looks of it'
Don't you read the RNS? They have until the 1st July to make an announcement - absolutely no obligation to make any announcement after only 10 days.

[spoole5] 13/6/2024 15:52

No bid coming by the looks of it

[essentialinvestor] 11/6/2024 14:11

I think it's 70/72 pence worst ways.

[hpcg] 11/6/2024 13:48

The question is only whether there is a price that is mutually between the potential buyer and a sufficient number of sellers. I reckon there is and it is somewhere in the range 71-77p euro equivalent. If 74p came out of the hat I wouldn't be surprised.

[my retirement fund] 11/6/2024 13:15

With Ebox I started buying 2 years ago at 60p and averaged down several times since including sub 50p ended up with an average price that returned a reasonable profit on the last bounce but no where as much as the 60p spike. So, 2 years stuck in the dog! Mind you, a decent dividend collected, so one mustn't grumble.

[essentialinvestor] 11/6/2024 10:58

I buy (and sell) in increments - it usually reduces risk, unless something leftfield hits.

The downside/flipside is in selling in stages I often miss the best prices.

[my retirement fund] 11/6/2024 10:49

Yes, but getting it right is difficult. I had a massive holding and sold into the last spike around 56p but then watched in amazement when it was bid over 60p

[essentialinvestor] 11/6/2024 10:32

Thanks gor the reply.

This sector has provided some lovely trading opportunities YTD, which hopefully will continue.

[my retirement fund] 11/6/2024 10:28

SREI the next pump and dump ?

[my retirement fund] 11/6/2024 10:23

No, I only have a small amount that's not underwater to sub 53p, but I'm kicking myself for missing that early morning spike to 63.5p. I was late out of bed otherwise I think I would have sold. I'd probably be tempted to think about some more if I go underwater and need to average down.

[wskill] 11/6/2024 09:54

Put a limit order in just in case we have a motivated seller.

[essentialinvestor] 11/6/2024 08:55

Added a small amount.


MRF, are you holding too many here?.