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Sadly, I can't see the war ending any time soon.
Great set of results and pleased with the rise in the divi. Hoping for a bit of rise in the SP now.
At first reading looks good enough to me and pretty much as expected (hoped for). Also interesting is NXT reporting increase in sales although the mad dash for on line during pandemic has slowed amid return to bricks and mortar and analysists reports that on line sales growth have returned to pre pandemic levels ( which would appear to be born out by NXT - unless the reports were based on that). Also I note that Amazon is recruiting staff. So all in a ll a good start to the day. Just need that bloody war to end
You were right NalaKapala1. Very good results imo.
Yep. A rise rather than a fall would have been more hoped for cos the price will fall tomorrow. Lets hope the results blow the market away !!. I cant see them being bad at all.
Tomorrow ex-dividend date.
Not sure that consumer belt tightening will have much affect on BBOX. Their big stuff is on very long leases, up to 20 years and with mega companies. Their contracts generally stipulate that the rental cannot fall only rise.
Looks like it's time to climb
I just read the news item opposite. Virtually all are about some broker cutting price targets . Its ridiculous. Anyone could predict which companies in which sectors are going to get rerated downwards at the moment. Hardly news is it.
Nalak1. .. I'm reasonably relaxed here atm. Medium term minimum hold for me!
Whether related but interesting that SHED with the higher yield has bounced >3% whereas BBOX is up only >1%. Probablt is causing a drag
Similar view to yours TD (not Waterhouse is it !!) Ive said a number of times this past year that the divi/yield needs to catch up to the sp as its too light. I think you may be a tad under at 6.7 - 3 at 1.675 and hopefully 4 will be fattened as best as poss but should be enough to give us 7.0p but at current price still only gives <3.9 yield which doesnt compare favourably with SHED at 4.6 and then say HFEL (fund I know) but nearly 8% yield which in todays climate is very attractive and twice that of BBOX. As they have to pay a set amount of income to divi I guess there wont be much spare for wriggle room and if the divi starts to drop as a result of consumer belt tightening then there could be trouble ahead as the song goes. Not that we are not in it already ! Thats my penneth anyway
Still struggling a bit with how to value this. I used to see it as a NAV and divi growth option and so forgave the low starting yield. Now if the market no longer believes in the growth story quite so much it tends to shine more of a light on the initial yield, which is still very low even at this SP as compared to lots of other UK reits. I think we'd all love to have BBOX in our portfolio on a 5% yield, but we're miles off that still even with the heavy SP fall. (I'm using the 6.7p divi per year figure which I think it the latest available as my reference point). Very happy to hear other views.
Agree. I'm hoping for a less persistent sell off generally today but I doubt the fear factor in the markets will subside near term.
Hopefully but Dow has taken a bit of a bashing and we tend to follow. Some good news would be in order for a change
The closing price today was 189.9 as LSE website.... it'll open higher tomorrow imo . Anything circa 190 to buy must surely be a good bet esp over a 12-18 month time frame. Gla
Its hard to disagree with you. Now about 15% discount to nav - maybe more after this am's announcement. One things for sure imo is that this sell off is way over done on sentiment and maybes alone . There can be no figures or calculations that support it. I would imagine buying at these prices must be close toa certainty for banking profits at some time in the not too distant future. Its what as an investor I used to look for - sound profitable company paying decent dividend at a very cheap price with growth potential ( more so now than a few weeks ago) and cheap because imo the market got its knickers twisted during a panic attack. I topped up at 195 thinking it was overdone. Im sure it is now.
Topped up here bought @ 1.877.
I'm comfortable with my holding albeit in the short term the global sell off could well continue with the obvious negative effect on share prices. Could be a very different market (much more bullish )within the next 12 months IMHO.
Yep. Anyone who has held for any time or anyone who is in the red would be silly to sell at the moment imo. I would imagine there isnt much further to fall - its already at over 10% discount to NAV and about 25% of its high. Its probably gonna take some time to steady the ship but to date the company has done little wrong. Also imo sheds and boxes are almost a staple rather than a luxury and whilst trade volume is obviously going to be down I cant see rentals or take ups being much affected
This is no time to rush for the exits.... lemmings come to mind! Lol
Come on a bad day though I reckon. Could be a bit of a blood bath today - on top of last weeks :-(
Encouraging RNS. Well done to management. As a lth here BBox has a v good business strategy. Investors should be very reassured today IMHO. Recent fall in the sp has been overdone.
That RNS probably gives you your answer. They have certainly bought some over the last few days. £300k worth yesterday. Lets hope their confidence is contagious and that it takes some of the mystery out of the NAV that Clive referred to. It does look like the bottom has been reached looking at todays trading pattern. I dont agree with Clive that he can see it as low as 150. Too many valuable assets. Amazon may have over done it a bit over lockdown but I doubt they are going bust. Rents are covered for quite some years and hopefully we can have a period without a banking crisis, a war, an epidemic or another totally crap government. Well just maybe
Alot of insider buying at the £2 mark today. They look like normal purchases unless someone else interprets differently?
LTH here. Agree that the move down in recent weeks seems overdone, but in the last few months I'd thought myself that in a rising interest rate environment this should re-price lower, when it didn't happen rather than sell out and move on I thought I'd missed something fundamental - market was right and I was wrong, two weeks later we've adjusted (too much IMHO) and now rather than selling I'm thinking of doubling up.
Really torn on what's right here, it's a good long term hold but near term the price action looks horrific. The assets and cashflows seem solid so at sub £2 I think it looks cheap, but at £2.40+ it looks expensive. NAV is a someone's opinion of what the assets are worth, clearly if some assets are financed (they are) then the cost of funding them affects the NAV in a way that doesn't seem reflected in the NAV calculations on some sites, so I take them with a massive pinch of salt.
Obviously do your own research, have added a little today sub£2, could see it at 150-170 for sure but like to think this is a value play if you have the patience.
I agree with all of what you have said. Half of me thinks this is too cheap to turn down - about 9% discount to NAV and especially as stated previously three directors recently bought in after the drop. There was also an interesting issue mentioned in an article posted over on ADVFN which was that after many businesses were caught out with the disruption of the just in time philosophy many are increasingly using warehouses to store materials. Anyway I suspect/hope this is overdone so have had a little dip today at 195 odd. Only 1k but Im just trying to be proactive I guess - or stupid. Like you though the future is very clouded to my view. I think it will rise -the rents are pretty much assured fairly much into the future and there are more sheds in the pipeline which are already spoken for- but not to anywhere near the recent highs any time soon and also like you I would like to see them increase the dividend as its not the greatest currently. To be honest Im a bit shell shocked by the last week or so. My heads still ringing :-)