Urban Logistics Reit Share Discussion Threads

[nimbo1] 12/8/2021 09:04

I’d happily take 0.5p per day for the next year lol

[stevesham] 10/8/2021 19:35

Move to main market on the cards?

may need to top-up on a pullback!

[nimbo1] 06/8/2021 08:42

When I predicted 180 I thought end of year it might make it there but is near enough already.

I cant help but wonder if private equity are looking at companies like shed and whr - perhaps not given the premiums but there is so much money trying to get into the space and these IT's already have great portfolios.

Note from BBOX rns their nav was up 10% in H1.

Some large shed yields now approaching 2.5% NIY!

[jbarcroftr] 02/8/2021 17:53

Hopefully news of new acquisitions soon

[dhoult12] 13/7/2021 10:20

If you look whats happening in the likes of BBOX, which has the benefit of increased size, liquidity and institutional investors then wholly reasonable.

Not sure we are quite there yet but if this moves to the main list from aim as stated in the accounts as a medium term target, i would hope for a decent uplift. Particularly if they went for a qrly divi model at the same time.

[nimbo1] 13/7/2021 09:25

Its my personal belief the NAV here post dilution @ next results will be c.7-10% higher than the last reporting figure. So my target Nav is c.165-170p with a 5-10% premium as premiums seem in fashion for the moment. So a possible target of 1.80 ish over the next 6 months? Then I expect some flatlining for a bit.

Seem reasonable?

[stevesham] 09/7/2021 15:47

That's really good and thanks for sharing, first time using primary bid, when do you know what allocation you have and when are they credited to your broker?

[nimbo1] 09/7/2021 15:40

ah good - I seem to remember the last placing not being oversubscribed, a lot can change in 18 months

[cwa1] 09/7/2021 15:27

The Placing was materially oversubscribed above the £108 million target and a scaling back exercise in respect of the Placing was therefore carried out. A total of 65,870,766 Placing Shares (c.£102.1 million) in the Company have been conditionally placed by Singer Capital Markets, Panmure Gordon and Alvarium (the "Joint Bookrunners") with new and existing investors at an Issue Price of 155 pence per Ordinary Share.



In addition, taking into account the strong demand from retail investors in the PrimaryBid Offer, a total of 4,000,000 PrimaryBid Shares (£6.2 million) in the Company have been conditionally placed by PrimaryBid at the Issue Price, being the maximum number of shares available in the PrimaryBid Offer. The Company values its retail investor base and welcomes 116 existing and 395 new shareholders who have invested via PrimaryBid in the PrimaryBid Offer.

[nimbo1] 09/7/2021 15:21

price action here suggests a successful raise and price back at least at a 5-8% premium sometime next week imo...but ive been wrong before : )

[nimbo1] 01/7/2021 15:25

It’s not perfect just guessed the raise would be slightly above nav and move towards the price. I always have a core holding here and just trade around the edges. Worked so far but I bet this will be back into the 160’s post raise so I wouldn’t worry.

[charlie9038] 01/7/2021 11:33

nimbo1 should have done that myself sold at 164 then bought at the discount price. Smart move, missed that as new to this but know next time.
GLA

[skinny] 30/6/2021 09:27

Or 5pm on 8 July 2021 on Primary Bid.

[cwa1] 30/6/2021 09:26

Indeed, but they can be closed earlier(or later) at their discretion

[jonwig] 30/6/2021 09:25

Closwing date is 9 July. PB is same.

[clever] 30/6/2021 09:19

When Warehouse REIT did the placing in February, it managed to raise all fund within half a day. SHED will probably be able to raise the target funds well before the bookbuilding deadline.

[nimbo1] 30/6/2021 09:10

I expect price will be back in the 160's v soon after this raise closes

[charlie9038] 30/6/2021 08:17

Short term loss, longer term gain.

[nimbo1] 30/6/2021 08:13

Shouldn’t be a surprise given they told us they were doing it!

[nimbo1] 30/6/2021 07:59

Small premium to nav exactly as we predicted and fund raise as signposted by company - will buy more either in the placing or open market to replace the 30% of holdings sold at 164.

[jonwig] 30/6/2021 07:53

Equity raise at 155p to get £108m:



Also Primary bid element.

[charlie9038] 17/6/2021 08:24

Ex divi day today.
GLA

[williamcooper104] 14/6/2021 10:25

There's another very good reason not to value property The whole lending culture in the US is income driven and there's often no LTV covenants It's the LTV covenants that are usually the killer - without them, for instance, BL wouldn't have made the charitable donation of Broadgate to Blackstone