Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Very disappointed the merger didn't go ahead. Would have been very happy waiting for this management team to get full value from the combined REIT. Have reduced at just over 84p. Just think the yield is now too low for current environment. Will definitely keep a core holding here and look to add on weakness as the costs of this debacle come through.
Attended the presentation and really like the management team here.
All fine with me
Apologies if I've read you wrong. Anyway, looks like the funds are stopping playing across the two shares as we move to the API shareholder vote tomorrow. I believe its a win win for shareholders in both companies, and as interest rates fall we should see a re-rate back to NAV.
REIT discounts to NAV are very much linked to GILT rates. Will take quite a while for rates to fall back to their previous lows, where REITs commanded a premium to NAV.
Have accumulated a good holding in a number of REITs at these relatively high interest rates, as I believe they offer a great long term income.
Obviously just my view, as no one knows for sure that interest rates will definitely fall soon.
If I am a shorter, why would I have held CREI since floation?
Looks like blackrock have been shorting this and going long with a derivative on API to cover. They pocket the difference when the sale goes through. Guess they don't really care about the price short term as essentially long on both API and CREI.
From your posts FRAX, I assume you a shorter instead of an investor. I can't remember ever posting or worrying about investments after I sell them. Or you're wanting to buy in here at the lowest possible price. Same difference.
The market price reaction says it all!
RNS on the SHED site, they will NOT be making an offer for API. Hopefully API shareholders will now vote in favour of the CREI bid & that'll be that.
So following approval of the API merger by CREI shareholders, today is the day that Urban Logistics (SHED) has to put up or shut up. The deadline is 5.00pm. I'm pretty sure API investors will back the CREI bid, so this looks to me like the final hurdle.
No, that's fair enough. Tough environment for those invested in the property sector though, I would suggest CREI has done better than most in that regard. And the NAV gap can't last forever.
When I invest, I expect to receive dividends and that my capital value will be preserved, which does not seem unreasonable to me.
Presumably if you've been in since the start you've had most of your original investment back in dividends?
I have been a shareholder since flotation, and the share price has been a disaster for most of that time. I am just awaiting an opportunity to sell at a reduced loss.
Meet in the middle is somewhere between 71p (current API ahareprice when factored) and 76p CREI. Then API at a .78p multiple discount to that. Of course it may easily move back above 79p CREI as soon as the API shorters close out. US shorters have been attacking UK REITs for the past 2 years. I assume that you actually own shares here? LOL
GLA
So as I am understanding your post , if the deal progresses, as a CREI shareholder I should expect a further drop in CREI share price (meeting in middle would appear to give a 65p odd share price) with the prospect that the market may or may not share your view of the combined strength . Don’t think was any promised dividend increase for CREI shareholders.
That's simply incorrect. Assuming that this deal goes ahead the two share prices need to meet. API needs to go up, or CREI needs to come down, or most likely they will meet in the middle. When the deal completes is the fist you'll know of how the market will react. Give it 3 to 6 months and it will become obvious that the combined company is far stronger than the sum of the parts (IMHO).
CREI may be the preferred bidder. Market appears to have viewed this so far as negative for CREI share price and positive for SHED share price.
Looks like we are the preferred bidder in the eyes of the API BoD. Great news IMO and will be a win win for both companies and shareholders.
CREI was moving up with the expectation they would win as the deadline was approaching. Now it looks like SHED are intending to make an offer. My guess it may be higher than the low ball initial offer they made. Still hoping CREI win.
New RNS looks like pushing CREI case to be preferred bidder
On current info I can see……
API up
SHED up
CREI down
Nice presentation. Went through the benefits of the API acquisition. Looks like positive shareprice reaction from holders.
Friday 12:00 noon on Investor Meet Company.
Seems to focus on benefits for API shareholders not so much CREI.
Looks like CREI is red again following RNS
As a shareholder in both companies (CREI & API), I fully concur with the statement made by the BoD. Nice one
Hopefully some made a nice turn here and
my posts helped a bit.