Urban Logistics Reit Share Discussion Threads

[giltedge1] 20/6/2024 14:32

Good Report, not many changes from last,suspect due to long leases LTV low, ERV to capture. Suspect have to wait to 2025, for meaningful capital gain. Will add in due course.

[essentialinvestor] 20/6/2024 11:46

Why it's hitting a wall around the current price I'm not sure, perhaps further reflection on results will give it a shove.

I'm guessing some of the API assets they have in mind to buy
hiven today's comment.

[nickrl] 20/6/2024 09:37

Lightweight RNS but at least they have uploaded full report to the website at same time so gets thumbs up. This is one of teh few where you can have some belief that the reversion is realisable too many of the others try sell themselves on that aspect but never realise year after year but keep on the stuck record. A fair amount of debt due in 2025 which they say they are on with so is going to be around 6% on a swap i would surmise. So interest bill will be up slightly if not more as they say they have a fair few assets on the acquisition radar but demonstrate even at 6% would be earnings accretive.
On the finances income was up but was pretty neutralised by the interest charges to leave FFO pretty unchanged hence the divi isn't moving. Then there was 700k bill for the API debacle yes a one off but at least they have done the hard work on what API assets they would want if the price was right.
So id share price is pretty fair currently based on near term view but they do have a nice bunch of well run assets which could easily be merged with someone else and remove all the oh's.

[essentialinvestor] 20/6/2024 08:05

Once again hits resistance and ..

[scruff1] 20/6/2024 07:35

Yep. Ex div next Thurs. Lets see if we can get some of that 'underlying value' reflected in the share price before then. Everything seems pretty much on track and as expected. With the general election hanging over us and the associated uncertainties and the current obsession with IR 'next month, the month after etc' malarkey its unsurprising we are being held back but I suspect/hope that the next year will show a marked improvement. The report seems to suggest that.

[essentialinvestor] 20/6/2024 07:31

Yes, however I would put SHED in a higher quality assets tier than many others.

Either the gap to NAV closes some, or SHED is taken out imv.

[rimau1] 20/6/2024 07:24

Says every listed REIT in todays market El.

[spectoacc] 20/6/2024 07:22

Difficult to argue with that - 160p NAV at what is surely towards the top of the rates cycle.

Not read it in detail yet - got too many reporters this morning.

[essentialinvestor] 20/6/2024 07:18

"..we continue to believe that our shares trade at a value which does not reflect either the demand for the underlying real estate or the operational performance of the Company, and believe there is significant upside to be captured in the years ahead".

[essentialinvestor] 19/6/2024 22:56

I sold a few today (as mentioned) - I did not sell out.

Hoping we can open around £1.24/5,
let's see.

I increased my API holding over the last couple of days and added some PHP before today's close, I don't want too much
sector exposure over the summer, so selling some SHED keeps my overall sector exposure around the same levels.

[scruff1] 19/6/2024 22:35

Wouldnt it have been worth waiting for divi dates to be announcced Essential?

[essentialinvestor] 19/6/2024 17:00

Eyes down for the open tomorrow.

[essentialinvestor] 19/6/2024 11:59

It's been a long time coming, but sold a few this morning just in case we drop back again.

[jbarcroftr] 18/6/2024 19:34

Are we at break out? Maybe back to 130 p .

[scruff1] 18/6/2024 18:48

x Div next Thurs possibly

[essentialinvestor] 18/6/2024 10:40

Results Thursday.

[essentialinvestor] 12/6/2024 17:56

Better day and results next week.

[essentialinvestor] 11/6/2024 09:25

Appreciate the update.

[skinny] 10/6/2024 15:00

Thanks - it would be nice if they actually told us!!!

I did email IR at SHED, but never received a reply - perhaps it elicited some action.

[spectoacc] 10/6/2024 14:55

Thanked for my message :)


"Thank you for your message.

Urban Logistics REIT plc Ordinary 1p – This has been reinstated for buys, as the required data has been provided to us.

VPC Specialty Lending Investments plc Ordinary 1p – This is still restricted to Sales only because the required data has not yet been received.

Unfortunately we will not be reinstating buys into the product, until the required data and Assessment of Value has been provided. To comply with regulation, we require this data."

[essentialinvestor] 09/6/2024 14:55

I don't have any issue buying, however did with CREI earlier this year - when a telephone call was required and online buys were barred.

It was a bit of a pain, with some telephone calls lasting nearly 30 minutes waiting to be answered.
As CREI worked out very nicely on the bounce from the API deal falling through, it was more than worthwhile.

[chucko1] 09/6/2024 14:14

Suddenly withdrawing liquidity from an owned security is amongst the most damaging things one could do from the perspective of risk. They would cover this off by saying that you can still sell the security, but as we can see, the penalty for this one-way liquidity is a 5% or so drop from the get-go. I am assuming a high degree of cause and effect here, but I would largely stand by it.

They would also point to the greater good - protecting a larger number of unsophisticated investors from potential harm. However, the simple solution is one of self-declaration, thereby avoiding all of this n nonsense. And so easy to do.

Specto is entirely on the button by saying that it for US to make risk decisions, and NOT HL. After all, their own credentials in this regard are - and I use a mild word - underwhelming. There are harsher words which are possibly more descriptive and even accurate, and are improved by adding the odd adverb.

[spectoacc] 09/6/2024 13:36

Whilst having your head held to HL's bottom when they break wind.

Love the notion of "You can't buy XYZ, but the fact you hold it already is fine".

Have had no further response from HL, unsurprisingly. They don't like reminding of the Dampier years, particularly not with them (& others) moving towards managed portfolios.

[skinny] 09/6/2024 08:59

So what next?

You'll need permission to fart soon!