Urban Logistics Reit Share Discussion Threads

[essentialinvestor] 22/11/2024 09:05

Gilt yields may have peaked?.

[essentialinvestor] 21/11/2024 15:26

Spec, nice FY from GRI.

[spectoacc] 21/11/2024 15:21

Coming into range thanks to the XD - I'd still like nearer £1 tho.

Good luck holders.

[essentialinvestor] 21/11/2024 15:12

Added a few.

[essentialinvestor] 21/11/2024 12:52

LMP clearly state they are looking to acquire further, recent hire from British Land as property investment director.

[williamcooper104] 21/11/2024 12:48

The maths would work

[essentialinvestor] 21/11/2024 10:07

I'm guesstimating LMP merges with SHED
within the next 12 months or so.

[williamcooper104] 21/11/2024 09:56

Dipped back into this It's just too cheap

[essentialinvestor] 21/11/2024 09:40

This is tempting.

[spectoacc] 20/11/2024 15:50

Agree the £9k-to-£5k is the worst part, bringing a lot of people into extra admin. So many breadline jobs rely on part timers - the care industry, child minding/creche, hospitality.

But my views on R Reeves been expressed at length elsewhere.

Used to dislike her because she'd been a BoE economist; now dislike her because she pretty much wasn't :-)

[lefrene] 20/11/2024 14:26

nickrl, employers will cut back part time workers pay from £9100 to £5000, perhaps by taking on more part timers. These sort of jobs tend to be in small service businesses where the employer wants as little hassle as possible jumping through hoops for HMRC.
A lot of part time workers getting £9100 are going to find themselves on £5k and needing to look for a second job to keep their bills paid, plus they're going to have to pay more for the bus fare, another £500 a year that won't be going into their local economy.

Years ago I built up and sold a business employing 200 drivers and 50 warehouse workers, I'm well aware how 'knife edge' some small businesses are run through necessity.

Perhaps we will see some employment agencies become 'inventive'?

[rimau1] 20/11/2024 13:26

Fully agree, unless its Private Equity of course... all paper bids are the only option for Reits to consolidate due to the discount to NAV. Anyway i have dipped my toe in here at 109 for a long term hold in my SIPP, 14x pe ratio, good debt profile, proactive mgt and 6.9percent dividend. Notice i didn't mention discount to nav as we agree its now largely irrelevant as a valuation metric. New world order.

[essentialinvestor] 20/11/2024 12:31

SHED is highly likely to be bid for, LMP my best guess - however it won't be at NAV and will likely an all share merger.

[essentialinvestor] 20/11/2024 12:30

The market isn't focused on discounts to NAV anymore, that recent analyst comment on better ways to value REITS appears relevant.

[hugepants] 20/11/2024 12:25

I guess a 30% discount, 7% yield and 33% LTV doesn't stand out massively at the moment. However I feel this company has good growth prospects. At least that's what they keep telling us. Bought a few more before it goes ex-dividend tomorrow.

[spectoacc] 19/11/2024 07:02

@rimau1 - the fact DORE isn't at lows (yet!) would put me off a bit. Same of one or two others, whereas the charts on eg FGEN, NESF, BSIF, SEIT etc are all at or well below lows.

Perhaps it's irrelevant - TA is, by definition - and then it's debt profile, yield, security of yield, whether covered etc (not mentioning NAV).

SHED IMO are sensibly managed, and at £1 would definitely interest me. The only missteps to me have been the parcels purchase (Tufnells) and the attempt to buy API, which seemed bizarre - stick to what you're good at.

[its the oxman] 18/11/2024 17:06

A poor ex div day possibly might not help. Sometimes the way. Tempted to buy but the trend is not helpful.

[essentialinvestor] 18/11/2024 15:21

Well I'm guessing you may need a couple of sizeable down days stateside for a firmer indicator of where we are here - which may not happen.

[rimau1] 18/11/2024 15:17

I agree, i like Dore in the renewable IT space. Shed is on my watchlist though, i would guess SGRO might have a go at these levels but an all paper offer would not be very attractive. Once API completes i may take a few here

[spectoacc] 18/11/2024 14:49

It is a bit weird tho - the higher-for-longer's been clear for a while, and Trump has been clear since at least the first week after the election, when the scale of the idiocy of his appointments became known.

I'm a buyer - not yet of SHED, but certainly of the renewable ITs.

[panshanger1] 18/11/2024 14:28

All the renewables / infrastructure and a lot of reits really getting hammered atmTrump / higher for longer not helping May not have hit the bottom yet either

[essentialinvestor] 18/11/2024 13:27

* around the Truss low.

It's possible with an expectation now of..
higher for Much longer!.

Trump is a very likely net negative for both the UK and wider Europe

Understandably he has some cheerleaders in the UK, but be careful what you wish for, etc.

[its the oxman] 18/11/2024 12:12

Surely this can't touch100p.

[spectoacc] 17/11/2024 13:45

Sunday Times seem to have quoted me:

"They [Labour] did a very good job pre the election, making it sound like they were pro-growth, pro-investment, and they had a plan, and then they arrived and they did literally the opposite", said a chairman who claimed his company faced a £25m bill from the Budget's rise in employer NIC.