The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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No Worries Mike,
Yes, EPIC have some good "essential" tenants that have traded right through this and the asset managers seem to do a good job; as long as that carries on and a reasonable divi comes in every month; i'm not too worried about watching the SP too closely.
Started buying in at just about the £1.00 mark on regular investment. Made some big buys at the 75p, 65p and 55p marks; average all in is now 62.5p; so only down about 12% at the min. Mostly was buying into EPIC for the monthly divi, which was about 5% yield when i first started, with other shares stopping their divis i moved more over here for the regular income; which looks like the right call as some of those stocks are down 40-50% now.
Also bought into a couple of gold miners in Jan/Feb, which have rocketed, so will be selling some of those off now to re-invest into the stocks that are still down. Wish i'd put more into them in ways, but put way too much into one or two shares in the past and got a bit burnt, so like to hedge my bets a bit...
Probably see you in a few weeks ;-)
Tim
Hi Tim
Thanks for the sharecast.com tip. It’s weird how LSE fails to Show some rns’s. just looked now and the 23rd Jul Nav report and the 6th August divi report are both showing now...think I’ll use another site for news in future.
Reading the nav report, it all looks quite good so far (touch wood). Nav has dropped as you say, but collections are pretty good all things considered, and it was encouraging to see that out of town warehouse retail is performing/recovering much better than town centre retail.
Sorry to hear you are underwater here. Hope it’s not by too much. I do think this will recover with time though. Even with the marked down Nav, we’re still trading at a massive discount, so as long as Tesco’s and B&Q et al keep trading we should be fine. I find that it’s a bad idea to watch some stocks too closely, and this is probably one where you need to ignore it for a month or two at a time. I’m hopeful that moving towards Xmas we’ll see SP improve.
Cheers
Mike
Chester,
100% agreed, this is a good long term share, i've lost money on the value with the drop in SP since Covid, but more than happy to sit on them for the monthly divi; one thing the company is focused on delivering continually.
I tend to jump between LSE and Sharecast.com for info, between them, you tend to get the full picture as each site reports SP slightly differently and have their own pros and cons... the RNS feed on LSE seems to miss some news, where Sharecast seems to show everything.
NAV report basically says they've received 80% of Q3 rents and they are hoping it'll be upto 88%... meaning the current dividend will be 130% covered by received rents, which is a good sign long term...
Will be interesting to see if this improves in Q4 or if they will look to increase the dividend slightly; i personally think they'll keep the divi as it stands for a bit and get a bit more cash in the bank in case of lower collections if the economy takes another slow down!
Tim
Hi TimBob.
Yep, just checked in here to double check the payment date. I’ve already set up dividend reinvestment for this stock with my broker. Feels like a solid long term hold to me.
Where did you read about the latest statement though? Last news I’m seeing is the Rent collection update from 8th. Still waiting to hear about updated Nav...is there another source where this info is published?
Cheers
Hay Chestermike, you looking forward to receiving your 1st lot of dividends>? Unless needed, at the current SP i would seriously look at reinvesting...
If you haven't seen there latest statements on rental income, it looks reasonable although there was a down valuation on the NAV following the latest fair price market valuation of the property portfolio.
LOL... there's quiet and then there's a ghost town!
Monthly Divi was my primary reason for purchase; currently re-investing my monthly divi into EPIC at the current price, it's a bargin!
Hi TimBob
Thanks for the reply. You are right that this board seems a bit quiet. Not necessarily too bad a thing though.
Yeah the company's focus on the out-of-town warehousing space has been a fortuatous one and now that lockdown is being eased, I can see things starting to improve again here.
Looking forward to those monthly divis!
Hi Chestermikeb...
Have to say this board doesn't have much traffic!!! Think you've made a stirling buy with EPIC. I first started picking these up at a little over £1.00 with a 5% divi return.
Lots of reports out there say retail property is dead! But i think they mix all retail (high street and retail warehousing), which is a big mistake in my opinion.
EPIC are lucky with a lot of there sites, as they are let to businesses classed as essential businesses so have managed to receive 75% of there rents through the lock down; hopefully this continues and as they get more rents coming in as the rest of the retailers open up, the divi should hopefully creep back up to the 0.0044p/mth mark again.
Just bought in here today. Good management team with a great track record, decent strategy, and regular dividends. Perhaps a little over-exposed to retail sector, at a time when retail is taking a battering, but given that their focus is on out-of-town warehouse businesses, these should do well during Covid-19 as shopping habits have moved and continue to move to the online-shopping space.
Is it me or does this stock seem to be taking more of a knock than most? Down 37% on its pre covid-19 low... still paying dividends at £0.0033 giving it roughly 8% yield at 50p/share. Latest dividend declaration is 75% or renters are still paying, which is enough to cover the current dividend payments. Ok NAV is up in the air, but even if you said there was a 20% drop in NAV, that would put the NAV at around £0.80/share... Surely this should be at the 60p/share mark?
What do happen
Hope so as i have just bought £ 20K worth based on the revised NAV. Obvoiusly rental income is the going concern but i see this as oversold given that this virus restriction will have to be lifted to some degree within a few weeks. The Country needs to get business`s back open or we will see a proper depression.
Please correct me if I am wrong, but surely this is a massive opportunity to buy in now? with the div yield where it is with no news on slowing/changing/stopping dividends. Surely if you were to buy now and divs didn't change you would be in profit on dividend payments alone within a year without any possible capital gains once people start shopping again?