Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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temple - it looks like foreign investment is pouring into London commercial property, for full details read the bloomberg report - brexit bound London beats global rivals to lure real estate cash.
based on a report by knight frank - overseas investors spent £6.5bn in the six months to june 2018.
position has been boosted by sustained demand for office space and relative scarcity of supply. London's strong employment market, a surge in leasing by flexible office operators, and nervous property developers postponing new construction have all contributed.
the weaker pound has made has been making London a bargain compared to other cities in Europe, much of the money is coming in from Asia the report states.
perhaps the timing of RDI's move into London office letting may turn out to be an excellent decision.
it will be interesting to read the year end financials to 31st Aug, out Oct, fir a clearer picture.
gla.
Some good buys on the dip earlier today, looks like it will close , close to 34p.
I’ve bailed here ... the move by RDI into business lettings in London seems a foolish move ... new investment in Europe would seem more sensible given the relative stability of Europe and especially Germany to Brexit laden U.K. .... ... all predicted by the pre Brexit treasury report on the effects of Brexit on U.K. economy I have to say ....
Thanks for the response, sorry for not replying (I think I hibernated, still getting used to being retired).
Appreciate the detail in the reply.
I am out at the moment. Feel edgy about this at the moment, particularly in retail. Long tenancy agreements are great, but of little use when a client goes into liquidation as has happened so (depressingly) frequently recently. Long term I see major downward pressure on UK retail rents, with continued challenges from the internet and a reluctance to reduce business rates.
I hope I am wrong and wish all holders the best
John pwh - to buy sell or stick for the div really depends on your personal circumstances and perhaps your buy in price.
The companies website gives you a very good breakdown of the spread in the portfolio, in UK commercial, UK retail, UK hotels and europe., With occupancy rates income, tenancy lengths to breaks.
If you are thoughtful around retail click on each shopping complex and it will give you a breakdown of each of the retailers on the books.
I personally like the entry into London serviced office space.
The share has been a bit range bound but it's paying a very good div, so perhaps a strong income play in a diversified portfolio. I am holding onto my shares.
...whether to hold onto these?
Is the company exposed to a slowdown in housing in the South East or the current problems with retail? The latter I can see being an increasing problem - or to put it another way I cant see it getting better - with the combination of business rates and the rise of internet shopping leading to downward pressures on occupancy and rents.