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Share Name Share Symbol Market Type Share ISIN Share Description
Urban Logistics Reit Plc LSE:SHED London Ordinary Share GB00BYV8MN78 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 177.00 177.00 179.00 178.00 176.25 177.50 1,058,922 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 24.2 47.6 21.7 8.1 575

Urban Logistics Reit Share Discussion Threads

Showing 126 to 149 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
11/2/2020
09:01
SHED want to raise £100M and buy £150M of property in advanced negotiations, so I assume that means borrowing another £50M. They then want to buy another £150M of property in preliminary negotiations, so I assume that means raising a second £100M and borrowing another £50M. That is going to take a lot of time and expenses before it is all bedded down and making an improved profit. There is too much uncertainty and risk, I sold my shares this morning. I will reassess once the second fund raising is completed.
clausentum
10/2/2020
08:50
Application will be made to the London Stock Exchange for Admission. It is expected that settlement of any such New Ordinary Shares (including the Placing Shares) and Admission will become effective on or around 8.00 a.m. on 11 March 2020 and that dealings in the New Ordinary Shares (including the Placing Shares) will commence at that time.
skinny
10/2/2020
07:57
137.5p but that's post-XD of course, and we get to participate - the liquidity alone should be a boost, let alone their track record with purchases.
spectoacc
10/2/2020
07:45
Big placing and open offer announced... https://www.investegate.co.uk/urban-logistics-reit--shed-/rns/placing--open-offer-and-offer-for-subscription/202002100700074127C/ Further to the pipeline update announcement on 6 January 2020, Urban Logistics, the specialist UK Logistics REIT, announces the proposed Placing to raise a target issue of £100 million and an Open Offer and Offer for Subscription to raise up to c.£6.7 million, each at a price of 137.5 pence per New Ordinary Share (the "Issue" and the "Issue Price"). The Company expects to use the net proceeds of the Issue to acquire an attractive pipeline of high-quality logistics properties that meet the Company's investment policy and objectives identified by Pacific Capital Partners Limited, the Company's investment manager. Special Dividend The Company intends to declare, at the time it announces the results of the Placing, a special dividend of 3.85 pence per share in respect of the financial year ending 31 March 2020 (the "Special Dividend"). The Special Dividend will bring the total dividends issued in respect of the 2020 financial year to 7.60 pence per share. Any investors participating in the Issue will not be eligible to receive the Special Dividend payment in respect of any New Ordinary Shares issued to them as part of the Issue.
cwa1
27/1/2020
14:43
Feels a bit tippy - or placing done? Had a mention in an IC article. (@professor - only diluted if done at below NAV. Feels like it'll be around NAV, or a few p below revised/current NAV, which wouldn't be too bad). Figure I'm a seller before long, I know LMP trades on huge premium, HSTN going for 10% premium, WHR on premium, but give me a decent premium at around say 160p, and I'll likely be out. I don't believe premia particularly justified on industrial. Mr Market.
spectoacc
08/1/2020
14:18
Sorry for my ignorance would a capital raising not dilute our holding ?
professor calculus
06/1/2020
07:29
Could be a big one, judging by that pipeline. But judging by the premium to NAV that others have moved to, I fancy them to get it away non-dilutory.
spectoacc
06/1/2020
07:14
As expected a fundraising on the way
belgraviaboy
19/12/2019
08:28
well BBOX is at a discount to NAV while LMP and SGRO trade around 30% above NAV so why not? Its a chunky portfolio but I'm sure there are plenty out there with deep enough pockets or access to funding.
jombaston
18/12/2019
16:28
SHED, WHR.. :) Wonder if BBOX is vulnerable?
spectoacc
18/12/2019
16:19
I think this might go to 150p rather quicker than I expected y'day. The HSTN bid suggests there is demand out there for industrial/logistics and buying a company is more tax-efficient than buying property direct. With MKLW,HSTN...who next?
jombaston
17/12/2019
17:51
Spec, N+1 Singer share your view with another 5% jump in NAV to 152.5p at March year-end forecast. I'm not sure what they base this on but SHED have had some favourable rent reviews and they are close to pre-letting the £20m developments that are due to complete Q2 2020. Or maybe they are expecting the recent acquisitions to be revalued. LMP is a much bigger beast especially now they have absorbed Mucklow and become a FTSE 250 REIT with a near-£2bn market cap. And their management have an exceptional track record having made a great strategic move out of retail into logistics. SHED will most likely issue more shares to reach a more optimal size (for better liquidity and lower cost ratios) so I think a share price at or slightly above NAV would be high enough in the near term. As they become larger and develop more of a track record maybe then they will become more comparable to the big boys. I'd certainly look at buying more shares if they were to issue next year sometime especially if they had something attractive already lined up...but no issues below NAV please!
jombaston
17/12/2019
06:55
NAV will have taken another leap come next report IMO. Also worth looking at what London Metric trades at.
spectoacc
17/12/2019
01:49
Can't much more share price upside from here until the next update. Needs a NAV or divi increase I think for much of a change
leopoldalcox
16/12/2019
16:31
There still seems to be a seller out there but they are confident enough to move the price up gradually. I think this will go above NAV and maybe even up to the 150p level. At some point they will issue more equity but probably/hopefully not a discount to NAV. I would be happy to buy more at that point as I'm only holding back due to the small size of the REIT.
jombaston
14/12/2019
08:54
Belgraviaboy ref your comment in October "Muted response so far - once it gets tipped it will fly": It has taken a little while but a definite lift-off this month so good call! I suspect there may now be a pause around this level unless any news emerges. Anyone else have a view on that ?
trekker60
15/11/2019
13:42
Its always a worry when there is a big seller but its a good opportunity to pick up stock at a good discount to NAV with a well-covered and increasing dividend. I'd like them to issue more stock just not at a discount. Anyone who is interested in SHED should watch the PI World video, which even though it is not quite current, it gives a good explanation of their strategy and approach.
jombaston
15/11/2019
10:55
Took a few at 134.85p, probably got all I want now. Just need to sit back, relax and hope for the best from here on in :-)
cwa1
15/11/2019
09:23
It seems that it is possible to pick up a reasonable number of shares at 134.85p at the moment. I bought a few yesterday after analysing the results, watching the video on PI World (from earlier this year) and reading the N+1 note put out yesterday (upgrades earnings by 3-5% and predicts 152.5p NAV by end-March). I guess the only concern is these guys are keen to issue more equity. I'm hoping they wouldn't be issuing at the current discount though.
jombaston
14/11/2019
08:42
Yes, I was content with those results, it possibly deserves to be up with NAV IMO but, as you say, there's always the "risk" of equity raising round the next corner. Though if they continue their recent performance it is perhaps more of an opportunity than a risk! Time will tell...
cwa1
14/11/2019
08:22
Completely missed it this morning, thanks @CWA1. Highlights for me are the 3.8% LFL NAV increase since just March (ie 6 months to the reporting date), showing both SHED's superior management, and the very favourable sector. Also, during the period: § Eight logistics properties with asset management potential acquired for £15.2 million § Disposals totalled £18.4 million representing an average profit on cost of 57.4% § Portfolio fully occupied Deserves to trade at the (growing) 145p NAV IMO, tho I don't doubt the "..Equity raising.." will happen if it does. Some bank debt feasible but LTV c.34%. Recycling seems to work best for them.
spectoacc
14/11/2019
08:18
Interims issued this morning... hTTps://www.investegate.co.uk/urban-logistics-reit--shed-/rns/interim-results/201911140700063462T/ Most things seem to be heading in the right direction. Interim dividend of 3.75 pence per share, up 25% on prior year And some comment from the Chairman... Nigel Rich, Chairman, commented: "The strong results reflect our specialist focus which is underpinned by a shift in retailing to e-commerce. "We maintain a healthy acquisition pipeline which we expect to fund through equity raising and bank debt when we have the opportunity to do so. "Looking forward we remain confident that our urban logistics portfolio will continue to deliver attractive returns for shareholders A few modest trades this morning, all "buys" in spite of how ADVFN categorises them as "sells" using their blunt reporting toll.
cwa1
07/11/2019
15:41
Lol even less concerned re Tunfnells now. They've just done another two sale-and-leasebacks, post "review" RNS, to two different buyers (not SHED). So whatever this review is going to bring about, it's not going to see CNCT exit any lease liabilities. 7 November 2019 Connect Group PLC ("Connect Group" or "the Company") The Proposed Sale and Leaseback of a Second Tranche of Tuffnells Properties Further to Connect Group's announcement on 23 September 2019 that its subsidiary, Tuffnells Parcels Express Limited ("Tuffnells"), had successfully exchanged contracts for the sale of six Tuffnells distribution depots as part of a proposed sale and leaseback transaction of selected Tuffnells freehold and long leasehold properties, Connect Group is pleased to announce that Tuffnells has now exchanged contracts for the disposal of a further two Tuffnells distribution depots to separate and independent purchasers as noted below (together, the "Tuffnells Sale Portfolio No. 2") for an aggregate sale consideration of GBP5,170,000 (plus VAT).
spectoacc
07/11/2019
10:07
SHED management have a long record of successfuly wealth-creation - happy to keep backing them here, original money raised at £1 and even after purchase and running costs and a healthy divi, NAV is up to £1.45. Don't doubt they'll have done their homework on Tufnells properties, as the lease guarantee suggests.
spectoacc
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
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