Good recovery now in profit 6% yield would be fair, so share price about £1.25. |
Excellent idea, very happy with the recovery, remains a high conviction buy and hold for me, i did admittedly raise a sweat when we fell below 1.00 lol |
Topped up here with some BBGI cash |
SHED/LMP wouldn't be a good fit. Mind you, SHED tilted at API, and they're nothing like their usual Last Mile.
WHR also not particularly similar to SHED's last mile stuff. Management will sell out SHED eventually, as they did previously, but not down here I think. |
I had a lot of travel this weekend so was looking through a lot of reports from UK REITS or investment companies on heavy discounts. The more I looked at SHED the less I thought it suited with LMP's target long term triple net leases and so I am cooling on the idea that LMP take them. At the right price I am sure they would snap them up and recycle the portfolio but it just didn't seem to be the low touch portfolio LMP desires. SHED tilted to asset management rather than LMP is deploy capital in winning sectors on long leases and wait. I own SHED and think it is cheap but less sure of LMP's interest.
Totally going on to shoot the breeze here - but would a better deal which I think the market would welcome be a merger of SHED and WHR. Both are trading at heavy discounts but a merger could allow more scale and resilience (hopefully better financing terms) and overhead cost savings. |
Thnx to Spangle93 for posting this on the CP+ thread: |
Agreed, SHED still looking great value down here at under 110p. Would have averaged down on the fall; but decided to take a few WHR.
LMP very likely to go for one of the two.
My property portfolio which now shows: ASLI, CLI, SERE, SHED, SUPR & WHR.
Leaving aside the special situation ASLI (wind-up) the average yield across the other 5 is 8.5%. |
I've learnt from Ebox and API to ignore discount to NAV as a primary valuation metric. Key for me is Shed is valued at 13x forward earnings with plenty of income growth to come and a covered dividend yield of 7.5. That puts it at the top of any peer group. M&A is probable if Shed remains at these levels. Managed to average down but i had a high conviction when i first bought at 1.09 so i think its still a great buy with gilt yields falling and a likely base rate reduction next week. |
Presume BBOX positive trading announcement on 31/01, gave a boost. Undervalued NAV about £1.60. In right sector, I remember one past capital raise at £1.70 odd so at £1.08 good value. |
10 year gilt coming down and giving sector a boostDecent week here |
@rimau pretty sure we will get that qtr this time with cable recovering and oil price retreating they've got enough in play. Then they will sit back for 2-3 meetings and watch. |
Expectations of a base rate reduction next week i suspect. |
Perky this morning even allowing for the pull back in gilt yields over the last week or so. Tipped or something else? |
Don't think I've ever seen so many ratings changes from a single broker in one go.
For anyone not wanting RSI from their scroll finger, price target cut from 136p to 124p. Might be interesting to read the rationale, but as per usual, brokers follow the price, as much as the other way round. |
Well, got my third & final top-up at 100.8p the other day.
Release the brakes now, please ;-) |
Nice recovery, still slightly below my entry point, long term hold was tempted to add but already have large holding bought euro shares JEGI investment trust & SRE property instead to diversify from GBP. |
Reeves needs to save her own backside and instruct Clown Bailey to stop QT hes been selling them at a loss for months and its just getting worse and accelerating the decline. So much for BoE managing stability. |
For info :- |
Are we building up to a UK emergency budget?.
This can no longer be ruled out.
Interesting times, eh. |
Yes 5.3% was for 30 year gilts, 4.8% 10 year gilts. Like the company but now looking at Sirius to diversify own business parks in Germany 7% yield. Income in Euro & Germany better record in containing inflation & Govt debt. |
giltedge - with yr moniker I wouldn't expect you to get gilt yields wrong! 5.3%!!!
No - high enough for sure; but actually now at 4.87% |
And me same price |
2nd top-up at 98 point something. One to go, and then it's another loooong-term holding ;-) |
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