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0.78pence per share
What's the divi worth per share?
Sooooo - the drop today is 2.30 % at the moment. if it stays like this, those who sold yesterday losing the dividend will have lost about 3%... As the big sp drop was on 2 april and they did not sell then - I am still puzzled to find a logic on why once the big drop had already happened they sold the day before ex-divi and lose the divi of about 5.50%
CORRECTION
...."the afternoon of an A DAY BEFORE ex divi day..."
There was a drop , a small drop, but still a drop today after 2 pm.... Why those people sold on the afternoon of an ex divi day and lose the divi? - I find it very odd to lose the divi this way... do they expect tomorrow the sp will drop more than the divi?
It looks like it... the co is also buying back... the trend seems to steady up - some good news might surprise us -
Is that a £1 million buy at 4:35pm??
I can't find anything online in regards to news... yet.
.... pushing up the sp?... Or something else?
Sharecast News) - UK real estate investment trusts (REITs) offer a "compelling" investment opportunity, according to analyst at Morgan Stanley, who said that the sector could soon see a recovery as challenging macro conditions slowly begin to ease.
"As many as seven of the 11 stocks we rate 'overweight' [in the sector] after UK-listed," Morgan Stanley said. These are: British Land, Derwent London, Great Portland Estates, Hammerson, Safestore, Segro and Unite.
This is from Sep 2023. Things take a while to turn around but when interest rates start to fall and the consumer stabilises , these shares will all do well.
Https://reactnews.com/article/rita-rose-gagnes-hammerson-pay-package-soars-to-4m/
Email - unfortunately over the years I've seen too many RNSes with positive outlooks where BoDs were presenting better future .. from companies what are still struggling or went under in the end (generally things didn't go well for capital of shareholders).. to take this IR/CEO marketing seriously.
Credit rating outlook was revised to stable from negative recently. They are reducing debt and stabilising the ship so an imminent Intu situation looks far-fetched
Yuri
How do you explain then, from your point of view, the Ceo's very positive outlook in the last RNS?...
... If they sold their entire holdings at 92%...
IMV it's a very dangerous fallacy, they sell assets they will have the least loss/discount on in this market, further down they go - heavier discount will be (which can easily go to 50% in some cases or even worse). Another issue - only third of their assets are actual direct investment into tangible property - majority of other assets (two thirds) are joint ventures/associates (which aren't doing very good either in this harsh environment, therefore recovery from such sale might be even worse than 90% too). Add to this troubles not full recovery on invoices (delinquencies/impairments although some of those still can be sold at material discount to recovery agencies) and outgoing cash flow of costs to run office - all of this will land shareholders value well below NAV (which is 1.8x, not 2.5x as per equity in last report) and quite likely even below current sp. Recent years have shown that HMSO isn't profitable healthy business, they're actually in decline and slowly bleeding out, without clearly showing that they can stabilize situation and even turn it around into profitability to stay self-sustainable - this will only lead to further deterioration (although since asset conversion does happen and liquidity situation is fine because of asset sales - death won't be as fast as with INTU).
The sale of Union Square was described as “distressed” by one analyst…. at 92% of book value !! If they sold their entire holdings at 92% and paid off the debt this share would 2.5x
--- going on ?... Very promising by today's look of it
@damofarl
Thanks for your response
No. A share purchase to satisfy employee share options is a standard thing. Arguably, if it is open to all staff (i.e. not just an executive/high level mgmt 'incentive/performance' plan), it is actually a vote of confidence in the wellbeing of the Company, as rank and file employees are putting their own money in (tax advantages amongst other upsides), for which these purchases are being set aside, normally for 3 to 5 years to cover the 'vesting' duration..Signals thqt the workers think its doing well.
RNS Anything to worry about as an investor?
Lots of Private Equity funds are trying to purchase UK assets for bargain prices.
CEO and BOD need to be strong and refuse to budge until UK REITS improve.
GSK has sold GSK House in Brentford for half its book value.
Another example is Carlyle have taking over Southend Airport after asking owners
to pay up outstanding loans - the owners were meeting monthly instalment payments but
could NOT pay the remaining balance.
Sharp practices indeed.
I don't know how it works for them. Likely they'll have their own portfolio, and they will want to integrate the Bicester village project into it. Which would be different to just buying shares.
If any bid was to come for Bicester village collection
Surly the people interested in it would buy shares first then make an offer because they are getting such a discount on net asset value
Say Bicester is worth £1b the market is valuing them at £500m
Any thoughts anyone?
This is a really odd share.
It is remarkable how the market makers have been able to keep the share price fixed at almost exactly 25.5p now for days on end. The consensus is that the share price should be exactly one half of the net asset value of the company. It is unusual for the market makers to retain a fixed share price for so long a period. It will be interesting to see how long this fixed price will last.