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I need educating. I understand UT's, but why is it that large trades after close have little to no effect on the sp? For example today at about 5.0pm there was an ordinary trade , a sell of £330k way beyond the NMS. That should blow a hole in it. Why doesnt it??
Thats a huge UT at 162. Looks good coming up to div
Indeed. It should behave almost like a higher interest bank account.
The CV19 crash here was overdone, if only i topped up more sub £1!
Good RNS, good rent colelction, good pipeline of opportunities and good approach to managing financial headroom. BBOX doesn't bring worries like many over companies in my portfolio. Maybe a time to add a few more....
Nobody up yet?
Jammy you beat me to it. I saw those results and an article in the FT this evening and was thinking the same thing. BBOX isn't quite in the same ballpark as Segro but could also be trading with a significant premium in the future. From memory NAV was around 150p at December so likely to be trading at or around net asset value at the moment
Segro has just been tipped by IC. It currently has a 38% premium to it's NAV and a 2.1% yield. If BBOX had the same premium we'd be at 207p and a 3.4% yield (at the previous 7p guidance that was withdrawn due to Covid)
SP performance over the last few months has been truly phenomenal... not only has it returned to pre covid levels but has hit a one year high. This is one that I had my eye on and piled into during the covid crash when the yield was over 10%...seemed crazy at the time considering the customer base.. have been thinking of exiting several times as I watched the yield being compressed and is now around 4% based on the old guidance.
How much lower can the yield go? Could the SP put on another 25% and the yield go to 3%? 50% with a 2% yield?
In this era of no interest rates a company which can maintain its dividend even during the covid crisis will be valued very highly...
There is a cost disclosure document, you pay an additional fee up to £10k and it reduces after that but imo it makes the costs too expensive, same on HICL, JLEN, UKW etc other quarterly trusts.
Trek
If you try a fake buy you will see the doc I got it on ajbell and interactive investors .i think I will just avoid the share as I don’t think I will be the only one put off by it.
Without seeing what you are being asked to read, i expect its due to the face your buying a REIT
Why do I have to read and understand the kid document before buying shares is there extra management charges or am I buying A share of the company can anyone explain thx
"Does TRY have a land bank? My view is its that which has dragged this down. The carrying value of the land i think would have dropped and that will be reflected in the NAV at the next valuation point."
You are probably right that is part of the picture. But then the question is, will that be permanent or not? For housebuilders, those that had a land bank in the credit crunch did well by it. If the government starts pumping money into the economy to get things restarted again (which seems likely), won't land values bounce back pretty quickly?
Am considering doubling down and buying more....
Cheers!
I have (well my ISA/ Broker has)
Have people received thier dividend yet?
Does TRY have a land bank? My view is its that which has dragged this down. The carrying value of the land i think would have dropped and that will be reflected in the NAV at the next valuation point.
Agree about the Sp and have just bought in. I also own TRY and have done for years, but it's SP has also tanked . I notice however that BBOX discount now is massive 38% compared to TRY which is now only about 2% and a few days ago stood at nearer 40%. Time for BBOX to catch up I think.
Agreed with this - once normality kicks in, this should trade at the 140-150 range (as effectively, its a 5% yielder, with secured income). The current share price is just silly.
We all know that internet retailing is growing rapidly - Bbox should continue to benefit here.
You have to look long term. People will have upto 12 weeks at home, anything they do buy will be online which will accelerate a long term trend.
Yes, some high street stores will go under and therefore not need their distribution centers which will cause disruption and a fall in NAV but others (perhaps new) will expand to fill the gap. For example Primark currently do not have an online offering i could see that changing after this. Good for logistics.
Added again
I still like the share and in the long term I expect it to bounce back. I have time.
Nice to see the investment team buying as well. Expect that was their bonus being taken as shares...
...pretty stupid of them to release results in this climate without even mentioning Covid 19. I suspect this is part of the reason for the big initial sell of. Seems to be recovering a bit now though!
Managed to get my 6k target... But had to place 4x 1500 each. I think that's the max that HL is allowing you to buy at once.
Total holding of 8500 shares. Now that will sit there for a while!
Now to look at other targets like GSK and Unilever, but wanted them at 1300 and 3500 respectively lol.