Urban Logistics Reit Share Discussion Threads

[essentialinvestor] 03/7/2024 19:04

* Make that today!
Intend to sell some tomorrow, price depending.

[essentialinvestor] 03/7/2024 14:49

Hopefully Above £1.20 on Friday.

MXC should get a nice upwards shove on a decisive result.

[essentialinvestor] 02/7/2024 16:37

I'm hoping for a move back to £1.20 onwards post GE.

SHED can suprise though and I did not see under £1.08 being available just a few weeks back.

[essentialinvestor] 02/7/2024 08:17

Spec, I notice some of the UK consumer discretionary stocks are quite week of late.

In airlines both Ryanair and EZJ are well off YTD highs, WTB (Premier Inn) also weak.

Young's, who posted very solid FY results, unmoved.

Just wondering am I overlooking something relevant on the macro outlook... perhaps all plays back in to rates remaining higher for longer.

[igoe104] 02/7/2024 08:08

Interest cut would kick start the Reit market. August 1st should be the announcement...

[spectoacc] 02/7/2024 08:02

Well done @EI, you timed the sell well.

Re rates - problem is what's anticipated already IMO.

Of more interest may be Friday's new Chancellor, potential business rates changes, potential targeting of online. But who knows.

[gbcol] 02/7/2024 07:59

Took a hammering on ex-divi day. I will be reinvesting mine when it arrives on or around 19 July. I suspect many others will too, which will help share price recovery. Then we have the likely interest rate cut in August which would provide further momentum.

[essentialinvestor] 02/7/2024 07:41

Bought a few back.

[giltedge1] 20/6/2024 13:32

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 10:46

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 08:37

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 07:05

Once again hits resistance and ..

[scruff1] 20/6/2024 06:35

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 06:31

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 06:24

Says every listed REIT in todays market El.

[spectoacc] 20/6/2024 06:22

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 06:18

"..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 21:56

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 21:35

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

[essentialinvestor] 19/6/2024 16:00

Eyes down for the open tomorrow.

[essentialinvestor] 19/6/2024 10:59

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

[jbarcroftr] 18/6/2024 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.