Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
To provide a regular and attractive level of income and capital growth from investing in high quality European logistics real estate.
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According to today’s RNS, AVI (Asset Value Investors) have just bought 6% of ASLI. A great and reassuring vote of confidence from investors who know their onions!
Https://www.londonstockexchange.com/news-article/ASLI/sale-of-french-asset/16398133
The €17.5 million disposal price is in line with the 31 December 2023 valuation.
Looks like a good move.
Agreed and London Metric Property just spent £13M acquiring a logistics business
"As evidenced by today's update, we will continue to reposition parts of the portfolio with an emphasis on growing our exposure to logistics which remains our strongest conviction call and is delivering high organic rental growth. We are also seeing interesting investment opportunities arising from debt refinancings and fund redemptions and the acquisition announced today is an excellent example of an innovative transaction that leverages our strong relationship with the developer and offers an attractive return profile."
The RNS released by EBOX today is very positive and bodes well for ASLI given they are very similar businesses. EBOX currently up about 5%
Interesting, slow progress and no dividend yet shares rise.
The Board of abrdn European Logistics Income plc (the "Company") provides an update in respect of the strategic review announced on 27 November 2023 (the "Strategic Review").
Since 27 November 2023, the Company has received a number of broad ranging preliminary, indicative non-binding proposals. While there can be no certainty at this stage that the final terms of any proposal will prove to be sufficiently attractive to merit a Board recommendation to the Company's shareholders, the Board is encouraged by the progress made to date and the Company's advisers are actively engaging with a select number of parties to satisfy their due diligence requirements. The Board will provide further updates as appropriate.
Fourth Interim Dividend
In light of the initial response to the Strategic Review, the Board and its advisers are keen to ensure that the Company is optimally positioned, and that it maintains the maximum flexibility, to allow it to advance any particular proposal. As a result, the Board has taken the decision to forgo declaring a fourth interim distribution for the quarter ended 31 December 2023, which has historically been declared in February and paid in March each year.
Subject to the outcome of the Strategic Review, the Board intends to recommence dividend payments in line with the Company's standard dividend timetable.
Definitely in an offer period given all the Rule 8.3 of the Takeover Code RNSs which get posted every day.
I'll be happy with 1% under NAV about 85p thank you very much
NAV per Ordinary share decreased by 7.8% to 99.8c (GBp - 86.3p)
From my limited experience I think that this is premature, usually the IT fails the continuation vote then the board performs a strategic review. I get the impression that they've had an offer: "Following this announcement, the Company is now considered to be in an "offer period" as defined in the Code".
"The board will consider all options available to the company that offer maximum value for its shareholders including, but not limited to, undertaking some form of consolidation, combination, merger or comparable corporate action, selling the entire issued share capital of the company," the investor of urban logistics real estate assets said.
The portfolio declined 4.9% to ?659.75 million (30 June 2023: ?693.5 million), driven by continued outward yield movement but with key medium-term economic indicators starting to improve
NAV per Ordinary share decreased by 7.8% to 99.8c (GBp - 86.3p) (30 June 2023: 108.3c (GBp - 92.9p)), reflecting a NAV total return, with quarterly distributions reinvested, of -12.7% in Euro terms (-14.6% in sterling) for the 9 months to 30 September 2023
I’m still holding and every day recently I’ve thought, surely this share price can’t go any lower, but every next day it does!
I keep thinking about topping up and averaging down but since I can’t see any Director purchase since March, I think if they’re not prepared to invest at these low prices, then why should I? Do they know something we don’t?!
Their borrowings currently 2% could easily double in 2025 when they renegotiate loans.
I always wondered why it was not on saimilar discount to Ebox, so now we have it
If I could answer your question I would be extremely rich.
It looks like the market doesn't like the interim report.
According to Trustnet the yield is now 8.41% and the discount to NAV is 29%. Surely the SP can’t go any lower than this? Or can it?!
I can't see any new bad news today that wasn't out there last month, maybe RBC's guy just noticed now.
Ignore that comment I think that was targeted at me.
I made a negative comment on a board Suthy spends a lot of time on, just click his username, he has not studied ASLI at all
Suthy, please could you explain the rationale for your conclusion? Why do you think they will be raising money when almost everything is rented out at good rates, the majority of which are index linked?
Expect a placing soon...total junk
Now available at 65p
Are out of town logistical warehouses not needed in future?
Shares available to buy at 71p with NAV of 92.9p is a discount of 23.5%
Disappointed that ASLI have again failed to increase the dividend despite their largely index linked income. Hopefully they are saving up for a bumper final dividend in Q4.
5% pop today as inflation reported at 7.9%
Still only 69.7p though
Abrdn European Logistics Income – Riding out the storm
https://quoteddata.com/research/abrdn-european-logistics-income-riding-storm-qd/
ASLI have today announced that the 1st dividend of this year will be 1.41 euros which is the same, in euro terms, as last year’s amount. Given that we apparently have 68% of rents inflation linked, our income should increase and so it’s disappointing that there hasn’t been even a tiny increase in dividends to acknowledge this. Once we see the effect of rent inflation feeding through to dividend inflation we should also see some SP inflation. Come on ASLI!
Upper and lower Bollinger bands are separating , indicating a fast movement. The sp, formation is reminiscent of a fast moving coil formation since March 23. The coil, pattern was discussed in an old USA book from the 1930's, that I read.
That coil pattern would forecast a future sp, of 92.6, which price is supported by the large falling trendline from previous bearish tops, which is in that same price area of 92.6. If and when the lower Bollinger band turns up will likely suggest a sp, retracement, has begun.