Urban Logistics Reit Share Discussion Threads

[jbarcroftr] 18/6/2024 18:34

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

[scruff1] 18/6/2024 17:48

x Div next Thurs possibly

[essentialinvestor] 18/6/2024 09:40

Results Thursday.

[essentialinvestor] 12/6/2024 16:56

Better day and results next week.

[essentialinvestor] 11/6/2024 08:25

Appreciate the update.

[skinny] 10/6/2024 14:00

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 13:55

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 13:55

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 13:14

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 12:36

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 07:59

So what next?

You'll need permission to fart soon!

[spectoacc] 09/6/2024 06:58

We've gone from the palava of KIIDS to this - you couldn't make it up.

[spectoacc] 08/6/2024 17:47

@Skinny - not to my knowledge, but most brokers seem to use the same assessors so it's probably coming.

TORO is one I've had restricted on several platforms, HL just last week (to be fair, it's pretty esoteric. But again - the responsibility for trading in it is my own, not HL's).

[bairstoww] 08/6/2024 14:04

This looks like the KID (Key Information Document) argument which is part of MIFID.

A year or more ago, ii had a link to the KID for any investment company you wanted to buy, and you had to tick that you'd read it. With some companies, they had no KID so you couldn't trade. When I phoned them to say I'd read the KID elsewhere (company website) they said that was no good.

I sort of found out that ii had an exclusive agreement with Morningstar for them to provide ii with company information. ii have since then resolved this. If you want to buy, you need to tick the box to say you've read the KID, and that's it. Are HL so far behind the competition? (Peter Hargreaves has been very damning in the FT and maybe elsewhere about the firm he founded.)

[skinny] 08/6/2024 09:01

Just to be clear - are any other major providers using this restrictive practice?


I've been with HL since 1984 and this is certainly making me think of moving.

[spindoctor111] 08/6/2024 08:38

'to ensure istributed in accordance with the needs, characteristics, and objectives of the target market,''

Well I am an HL customer, and they know nothing about me, my assets/liabilities, my attitude to risk and all the rest.

Are they claiming to have risk assessed every nanocap on AIM etc?

Bizarre.

[igoe104] 08/6/2024 08:21

I wouldn't let them dictate what I can't buy, id switch to AJ Bell or Interactive investor.

[skinny] 08/6/2024 06:41

Have any other "distributors" invoked this restrictive practice?

[skinny] 08/6/2024 06:38

Their reply :-

Thank you for your message.

As part of Consumer Duty, distributors such as Hargreaves Lansdown, are required by regulation to obtain sufficient, adequate, and reliable information from manufacturers about products to ensure they are distributed in accordance with the needs, characteristics, and objectives of the target market, and that distribution of the product represents fair value to our clients.

The assessment for these particular investments have not been made available to us from the 3rd party provider, therefore, we have restricted trading until they do so.

I hope this has been of assistance. If you have any further questions, please reply by secure message from your HL account or send us an email. Please note that attachments we send will only be available to view on our website and not on the HL App.

[spectoacc] 07/6/2024 14:22

Had a useless response from HL, so gave them a Skinny-style reply ;)


"These are listed companies, which I hold already - kindly reinstate dealing in them.

I have no interest in HL's, or anyone else's, assessment of them.

This appears to be the inverse of ramping clients into WIM funds based on a sweetheart deal/reduction in fees to HL."

[essentialinvestor] 07/6/2024 12:53

Another small amount.

[skinny] 07/6/2024 11:06

The more I think about this, the more incensed I become - how dare they presume to be acting in my best interests!

[skinny] 07/6/2024 10:53

Oh to be able to buy! 🙄