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Hi all, if this share had dropped this much in one day (7p) I would expect it to be easy to discover why.
So why can't I find on line any reason for this gain?
It's been great for months now. The whole sector continues to re-rate at a pace. I guess it's impossible to say when it might start to tail off. The commentary/research I've seen suggests that we are still some way from a mature market (e.g. online retail sales are only around a quarter of the total retail sales, so plenty of growth potential) - but then most of the commentary/research is self serving and impossible to place too much weight on. Having said that, the RNS results coming through from the sector all suggest to me that the momentum in NAV and rental growth is very much continuing. Be interested to hear any other thoughts.
I just love the way this stock quietly improves in value, almost every day.
I'm wondering how long it can maintain this trend, any thoughts?
Agree that EBOX is cheaper on various measures, however I suspect that the market is not convinced the opportunity for rental growth in the sector is as good on the Continent as in the UK given the greater availability of land there. Nothing wrong in having both though.
Yep - great set of figures. Still looks a bit expensive relative to it's sister company EBOX though......?
Agreed. Great EPS and NAV growth and SP rise to match. Added some more first thing this morning.
A simple concept very well managed, I feel warm all over with these results!
I can't imagine just how far they can grow but for the moment selling is not an option!
Same here jlovie, currently my best performing share in terms of percentage growth, never thought I’d be saying that.
I bought this mostly for income but it's done better than many of my investments bought for growth.
Price seems a bit overheated, I'm tempted to topslice and lock in some profits.
Interesting post. BBOX now on premium to NAV of 24% and yielding 2.6%. EBOX premium only 13%, and yield of 3.5%. I'm wondering whether a switch of some of my BBOX holding might make sense here...?
This relates to EuroBox, but shows a principle:
(Sharecast News) - Tritax EuroBox's discount to its assets is unjustified relative to its peers' large premiums, Royal Bank of Canada said as it initiated coverage with an 'outperform' rating.
"EuroBox offers high rent visibility from its inflation-linked leases on large well-located European logistics property while asset management initiatives should help supplement rent growth," RBC analyst Saravana Bala wrote in a note to clients.
Leveraged investment into the warehouse operator's €550m (£473m) pipeline, lower cost of debt and a declining cost ratio mean EuroBox should generate a 13% underlying earnings per share compound annual growth rate (CAGR) over three years, Bala said. Development activity and further yield compression will help drive a 9% CAGR in net asset value over three years, he added.
Bala set a price target of 130p for EuroBox's shares. The shares rose 1.1% to 109p at 13:57 BST.
Jimmy, what did the article say?
Mention in today’s Sunday Times newspaper
Could bring the price crashing - announcement not made until after the bell, so I am sure some people will be trying to buy lower and sell existing holdings. Hopefully not ! Would have thought the company would have commented.
....this has been, particularly if you added to your position when the stock fell below £1 in March/April last year. Interesting to see a large holder (1.6%)bailing out this evening by way of an accelerated bookbuild. Be interesting to see what price they get as well!
Hang on it was only £62 million 4 years ago?
unit in Avonmouth for £90 million
A group of South Korean investors have paid £62 million for Accolade Park - Europe's largest wine warehouse - in Avonmouth.
Keller Group plc has sold the freehold interest in Accolade Park to the consortium of South Korean institutional investors.
Typically the contracts have an inflation uplift upto ~5% per annum in there. If inflation goes to 3 or 4 or 5% you are fine. Tesco etc is charging more hence why inflation has risen and paying more in rent. If inflation goes to the moon and stays high, then the rental contracts will offer little protection until a rent review. Personally i cant see inflation hitting over 5% as that would require some hefty wages rises or a collapse in GBP against the USD. Cant see either personally. If you do then there are better options than this for protection.
For arguments sake, if the rental contract was say £X,000 per month with an annual increase of 2% + inflation, it would respond very differently to inflation than a fixed price monthly rental. Given the future may well have high inflation resulting from pandemic stimulus packages and deferred consumer spending, I wonder what the effect maybe on the BBOX share price? Hence my question.
Strange question. Inflation will have the effect it has on most things - eventually. Are you expecting a surge in inflation in the short term? A contract is a contract for now.
Hi, what do you think the effect of inflation would be on BBOX dividend and share price? Is inflation a factor in rental contracts?
Buys outnumber sells 4:1, price is down???????
To all contributors on this thread- I would be very interested to know more about your views on the relative benefits of income vs capital growth stocks?
Still positive coming out of the tricky year. So this could extend further especially once Northern Ireland distribution is sorted out so the planning picture is better understood
10th March
Looks like a steady rise to £2 at least + divis