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Well i started buying into EPIC at £1.04... Luckily my average buy is now £0.56 so overall im up a nice amount... Think 80p is a very real valuation on the SP. NAV is starting to drift upwards and is currently £0.87/share so 80p would still be at a discount of 8%...
Renting income is still consistent and more than covering Divi and Debt and there has been clear signs in statements that there will be another increase in the divi at the end of the financial year (which i believe is sept?), which could help push them higher...
True. I did similar thing to hzm at 1.5 and was forced to buy most of it at 4p :(
Thechukkers yes you are correct there are many perspectives. I suspect in time 80p might look cheap. I remember watching PNN drop to 631 and waiting for it to reach my limit order set at the nice round number of 630. I refused to just hit the buy button because of a penny Then it drifted up and away. Hindsight is always great though and I have probably done the same again here. Most people would be happy to be 10% up in a matter of days.
Yeah the risk/reward always increases as the price goes up. So makes sense not to add more.
Perfect stock to sit on your hands with given the massive div yield
Or to put it into perspective its up 50% from february
or 14% down from pre covid levels and trading comfortably under nav.
The share price is doing well, up 9% in a short time. Unfortunately its putting me off. I suppose there is still more mileage in it personally but Im not sure I want to pay 9% more. It probably a mistake but once you have seen something in the sale its harder to then pay more.
So sitting on my hands with this one now, maybe the "greed" side of my brain has taken over.
TimBob, Im not knocking the regular investment principle, I used to do it myself. Its a good, like you said, cheap way to get more shares and get that compounding going. Even better with steady shares as hopefully they wont move too much just as you buy.
Market back on again, so half of yesterdays losses recouped today. Even EPIC on the up. Not quite what I hoped for.
Gerry, i've only started doing the regular investment when i got into EPIC; typically i got 3 to 4 divis through the year, but with them paying monthly, it's a easy and cheap way to keep building my investment...
TimBob, already thinking about adding a few more, I was hoping the covid news might drag this down slightly.
I dont do the regular investment thing, normally lumping my dividends into the pot to buy another lump of something that looks cheap, normally with a dividend so as to compound it over time.
Gerry557 - retail is very unloved; but it's most City/Town Centre sites that are struggling with tenants. Out of town retail warehousing hasn't been hit half as much... and here is where EPIC is a good buy; the vast majority of its retail is out of town retail warehousing and so, in my opinion has been over sold.
Definitely hold this in your investment ISA or SIPP... and if you don't need the income, set up a regular reinvestment whilst the SP is low...
Good point dalius. Also protects from capital gains.
Hopefully you have this in your ISA and will not lose some dividend in tax if in normal invest account and not in tax wrapper you will have tax deducted
With regard to retail, lots moving away because of concerns etc. Although retail has fallen, I think there will still be a need for some. So the question is when the sale of retail becomes "value" as there are more sellers than buyers.
Shares now ex divi so not long until my first EPIC dividend. Im up for REIT treats
I've also just dabbled with this, but may add more once I've monitored it - it's my first venture into REITs and my investigation began when I noticed the monthly dividends, which piqued my curiosity! My main initial concern was the retail environment, but being away from the high street it does seem to have avoided the worst of the effect of both the pandemic and the inevitable shift to online shopping (which was happening before that anyway). I think that providing you have a mix of types of places people want to go to rather than just shopping ( restaurant & takeaway / gyms / experiences ) then it has a ready made defence against online demand. I hope I am right - I'm just testing the water, and also wanted to make the board a bit louder!!
A rare REIT treat. :-))
Hi TimBob.
Mainly the reasons why took a first bite. I had a limit order on TOWN but they started buying back their own shares and the price spiked 15p or so which put me off. Probably shouldn't have but it moved well away from the order when I came across this.
I was hoping we might get a bit of a market dip but the "reopening" seems to be limiting this. I suppose it should help those that pay rent so maybe OK.
As for quiet boards, I'm on a few so usually chat to myself. Others like lloy get inundated and so busy you can't be bothered reading and you can see the wood for the trees.
Gerry557,
welcome to one of the quietest boards on LSE! EPIC is a great REIT and if you look at the major shareholders, they are all your usual suspects. I personally think they are better possitioned in the market, with the vast majority of their retail in out of town locations where demand is still high and occupancy not an issue.
On this, i feel the SP has taken too much of a battering than it should have! With a SP of over £1 before 2020 and covid, i think there is still some great SP growth potentially as well as a great monthly divi which also hase growth potential.
Bought some of these today as a first step. Had not come across these before although I hold a few other REITs
Monthly dividends is unusual but not unwelcome, a bit on the smaller side so individual properties and or tenants might make significant changes, positive and negative.
New income steam from Haddington and a year end dividend review to look forward too. So will have to keep a closer eye on this now.