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EBOX Tritax Eurobox Plc

68.70
-0.10 (-0.15%)
03 Dec 2024 - Closed
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 Shares Traded Last Trade
  -0.10 -0.15% 68.70 2,467,903 16:19:17
Bid Price Offer Price High Price Low Price Open Price
68.70 68.80 68.80 68.70 68.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust EUR 79.89M EUR -223.36M EUR -0.2768 -2.96 555.08M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:39:07 O 234,644 68.734 GBX

Tritax Eurobox (EBOX) Latest News (14)

Tritax Eurobox (EBOX) Discussions and Chat

Tritax Eurobox Forums and Chat

Date Time Title Posts
14/11/202419:23Tritax Eurobox1,987
09/7/201809:44Tritax Eurobox17

Add a New Thread

Tritax Eurobox (EBOX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:39:0868.73234,644161,280.21O
16:39:0868.70234,644161,200.43O
16:39:0468.73145,888100,274.66O
16:39:0468.70145,888100,225.06O
16:35:0568.70470,403323,166.86UT

Tritax Eurobox (EBOX) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Tritax Eurobox Daily Update
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 68.80p.
Tritax Eurobox currently has 806,803,984 shares in issue. The market capitalisation of Tritax Eurobox is £661,579,267.
Tritax Eurobox has a price to earnings ratio (PE ratio) of -2.96.
This morning EBOX shares opened at 68.70p
Posted at 12/11/2024 09:25 by wshak
I'm surprised Brookfield did a deal with Segro, unless they were genuinely unbothered with the German assets concerned.

Segro's share price has been in the toilet as the market was nervous that they would overpay.

As it is, it looks like the lions and the hyenas have become besties and decided to share the meal.

Quite clever, really.
Posted at 22/10/2024 08:56 by betman
essential - I totally agree with your logic. If SGRO did bid again their share price could dip temporarily

I have sold my EBOX as per Raj comments. I have put some of the proceeds in Greencoat UK wind, a different sort of infrastructure but a nice 7.9% divi yield
Posted at 08/10/2024 14:04 by houseofpain1
You could equally say that if Brookfield had decided not to make an offer that they would have done so by now...?

Clearly a good number of people think another offer will be forthcoming with EBOX shares trading about as far above the implied Segro bid price as they have done since that offer was announced.

FWIW, I think Brookfield will make an offer but that it may only be around the 70p mark. Had Segro's share price remained strong, they might have had to offer 74p/75p to "win" but given that the live price is now down to 64.4p (Skyship - I think you may not be including the dividend in your calc above?), I think 70p (and in cash!) will be enough for shareholders whilst also being attractive to Brookfield at a c12.5% discount to NAV. But that's all just my guess!
Posted at 14/9/2024 11:11 by kenmitch
I sold all mine yesterday and added more to SERE in the same sector as EBOX and still on a discount over 30%. Could SERE be the next one to get bid interest? Surely a bidder isn’t going to pay the full NAV or even more for EBOX? If that were to happen it could wake investors up to the fact that some of the REITS still look to be at bargain prices and put a bit of a rocket under their share prices. So any further profit missed by selling EBOX too soon, would probably be more than made up for in gains for our other REIT holdings.

I also bought terrible performer PSDL a few months ago on recovery hopes, and the share price is ticking up now, probably helped by lower European interest rates. Discount still over 40%. Here’s their most recent August 1st update. Results are on September 26th:-
Posted at 12/9/2024 16:05 by kenmitch
I haven’t sold any but that’s only because markets are usually the best guide in bid situations and when the share price goes above the agreed bid price(or the price offered by the bidder) it usually means a better offer is likely. But it doesn’t always work out and until there’s news of a higher offer for EBOX the risk now for those of us still holding is missing out on gains we could have taken. It looks like news leaking with the further share price gains today.
Posted at 04/9/2024 09:03 by 1knocker
As I see it you will be disposing of Eurobox shares on the takeover, so the takeover will constitute a chargeable event for CGT purposes. BBs are not the place to look for tax advice though!

Segro is down a couple of per cent today, so the market is not seeing this as a steal for Segro. I guess it all depends whether economic activity across Europe picks up or contracts.

The manager of Balanced Commercial has criticised its takeover (also announced today) as being 'at the wrong stage of the property cycle'.

Different considerations may apply here though, as the Eurobox balance sheet is pretty stretched and in effect the all share takeover at a premium to Eurobox' previous share price will leave Euobox shareholders invested in the same sector having bought Segro shares cheaper than they could have done had there been no takeover and they had sold their Eurobox in the market and re-invested in Segro.

As I see it, if you have confidence in the sector from here, you take the Segro shares and look forward o a good ride with a stronger player. If you don't have confidence in the sector or (to paraphrase our PM, 'things are going to get worse before they get better' for the sector) you sell now and bide your time before re-entering.

As a holder of both Eurobox and Balanced Commercial (though a very recent one here) i feel a good deal happier about the Eurobox deal than the other. I am undecided as yet whether to sell now or take the Segro shares. I guess what we should really be discussing is what we think of Segro and the prospects for the sector.
Posted at 04/9/2024 06:15 by cwa1
Recommended All-Share Offer by SEGRO plc ("SEGRO") for Tritax EuroBox plc ("Tritax EuroBox")

to be effected by means of a scheme of arrangement under part 26 of the Companies Act 2006

Summary

The Boards of Tritax EuroBox and SEGRO are pleased to announce that they have reached agreement on the terms of a recommended all-share offer by SEGRO for the entire issued and to be issued share capital of Tritax EuroBox.

It is intended that the Transaction will be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The purpose of the Scheme is to enable SEGRO to acquire the whole of the issued and to be issued share capital of Tritax EuroBox.

Under the terms of the Scheme, which will be subject to the Conditions and other terms set out in the full announcement and to the full terms to be set out in the Scheme Document, Tritax EuroBox Shareholders will be entitled to receive:

For each Tritax EuroBox Share: 0.0765 New SEGRO Shares (the "Exchange Ratio")

In addition, Tritax EuroBox Shareholders will be entitled to receive and retain a dividend of 1.25 cents per share (equivalent to approximately 1.05 pence per share at the current exchange rate) in respect of the quarter ending 30 September 2024, to be announced, declared and paid prior to the Effective Date to Tritax EuroBox Shareholders who are on the register at the relevant record time in relation to such dividend (the "Tritax EuroBox Fourth Interim Dividend"), the aggregate value of the New SEGRO Shares to be issued pursuant to the Exchange Ratio and the Tritax EuroBox Fourth Interim Dividend together being the "Transaction Value".

For the avoidance of doubt, as set out in more detail in the full announcement, Tritax EuroBox Shareholders will also continue to be entitled to receive and retain the previously declared Tritax EuroBox Third Interim Dividend.

Based on the closing price per SEGRO Share of 880.0 pence as at 3 September 2024 (being the last Business Day prior to the date of this announcement), the Transaction Value values each Tritax EuroBox Share at 68.4 pence, equivalent to approximately 81.1 cents at the current exchange rate, representing:

· a premium of approximately 27 per cent. to the closing price per Tritax EuroBox share of 53.8 pence as at 31 May 2024, being the last Business Day prior to the commencement of the current Offer Period (the "Undisturbed Date");

· a premium of approximately 27 per cent. to the volume-weighted average price per Tritax EuroBox share of 53.8 pence for the 3-month period prior to the Undisturbed Date;

· a discount of approximately 14 per cent. to Tritax EuroBox's last reported IFRS NAV and EPRA NDV per share of 93.9 cents as at 31 March 2024; and

· an implied Topped-up Net Initial Yield of 5.2 per cent.
Posted at 08/2/2024 18:05 by hpcg
Share price action summer / autumn last year was driven by rates carrying on up, I.e. legitimate. Share price action now is driven by (what were always deluded) hopes for a March cut nixed, and more extremely by the share price itself. This is not rational. Go back to fundamentals, estimate a refi cost, estimate rents, work out the FFO and thus dividend. Also thanks for the shares.
Posted at 08/2/2024 15:11 by pyufak
and last comment from me; if we don't crack on - the EBOX share price will stay under pressure because to me it implies i. the books marks are wrong and they can't shift assets - goes against Dec commentary so hopefully not the case; EBOX also has 21 sites so there's plenty of options. ii. management taking a big punt on interest rates and hoping. Given markets price 200bp of cuts already into the middle of next year I can't see much more support coming from this area ... so i really hope it isn't the latter. I'll go back to sleep now
Posted at 02/2/2024 08:57 by skyship
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.
Tritax Eurobox share price data is direct from the London Stock Exchange

Tritax Eurobox Frequently Asked Questions (FAQ)

How many Tritax Eurobox shares are in issue?
Tritax Eurobox has 806,803,984 shares in issue.
What is the market cap of Tritax Eurobox?
The market capitalisation of Tritax Eurobox is GBP 555.08 M.
What is the 1 year trading range for Tritax Eurobox share price?
Tritax Eurobox has traded in the range of 47.35p to 75.00p during the past year.
What is the PE ratio of Tritax Eurobox?
The price to earnings ratio of Tritax Eurobox is -2.96.
What is the cash to sales ratio of Tritax Eurobox?
The cash to sales ratio of Tritax Eurobox is 8.28.
What is the reporting currency for Tritax Eurobox?
Tritax Eurobox reports financial results in EUR.
What is the latest annual turnover for Tritax Eurobox?
The latest annual turnover of Tritax Eurobox is EUR 79.89M.
What is the latest annual profit for Tritax Eurobox?
The latest annual profit of Tritax Eurobox is EUR -223.36M.
What is the registered address of Tritax Eurobox?
The registered address for Tritax Eurobox is 6 DUKE STREET ST JAMES’S, LONDON, SW1Y 6BN.
What is the Tritax Eurobox website address?
The website address for Tritax Eurobox is www.tritaxeurobox.co.uk.
Which industry sector does Tritax Eurobox operate in?
Tritax Eurobox operates in the REAL ESTATE INVESTMENT TRUST sector.