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Don’t hold your breath! All REITs are trading at about 60% of their net asset value, so that it is not likely that the price will rise much above 30p, based on present valuations. However, 30p would still be quite nice!
I am not sure about this particular dividend, but in the case of all other dividends which I receive from REITs, the initial payment is 80% of the full dividend and the remaining 20% appears later in my account, under the description “tax reclaimed”.
Can we claim the 20% back on our tax returns? I’m assuming not. I had £144 instead of the £180 I thought I’d get.
Another div due soon right? ;) back to 50p a share soon I’d imagine too! Christmas is coming!
Sorry i should have said that PID stands for property income distribution not dividend.
I was also surprised to get my payment less 20% tax but after looking into it it seems its because its a PID dividend payment (Property Income Dividend)and therefore is paid less basic rate tax.Hope this helps.
Mine was less also ..so yes taxed :(
Just received my dividend payment in my Halifax account today, however they have charged me 20% tax.
Doesn’t everyone have a dividend allowance before paying any tax. When I contacted them, they advised me it’s a type of share which is taxable. And that I should contact HMRC for advice.
Confused is this correct?
Indeed, it is nice to see them "Go Up" but this is still no where near where it should be. This stock still has not recovered to a fair level unlike others since covid despite the sustainable structure management are doing. With-holding the dividend killed these chances of a good recovery. This minimal dividend they put forward barely helped.
UK GDP numbers were better than expected. REIT index having a good day. Interesting to see the Retail heavyweights HMSO/ WERELDHAWE/UNIBAIL/KLEPIERRE all up strongly together though.
I believe it's people Stop losses/Stop Gains being triggered.
This is unfortunately stable at this time. I'm waiting for this to start uplifting again - whenever that happens again.
Anyone got a view on why the sp behaves like this? Going down one day and up the next?,,, It seems there are no changes, so why doesn't it consolidate at a certain level and stays there and only move up or down if/when a company change occurs?
No energy in the Sp..looking to sell and move on I think ?
Still miles off where it should be. For now we just seem to be sticking around this value with the odd ups and downs.
Vol. Sold 3,652,523
Sold Value £867.70k
Vol. Bought 19,381,512
Bought Value £2.60m
Hi JGF,
Furthermore if British Land can negotiate sale of Meadowhall in Sheffield - does bring into Focus
REIT Retail sector.
Hammerson SP heads north and 'divi' soon.
The current strategy of the Directors is to reduce the companies debt, or, if not reduce, it, renegotiate it so that it has a longer maturity date. If the creditors have no control over the company, because it is not in breach of any of the covenants under its debt, it can be free to just sit tight and wait for the economy to improve. Not just the British economy - the company has properties abroad, as well, spreading the risk more widely than those REITs whose assets are situated only in the United Kingdom.
Miserable :((
What's on the agenda with hammerson before year end ?
I've bought in today. Can only see upside in the short term.
Morgan Stanley upgrades Hammerson and applauds it 'efforts on stability' raising potential SP to 36p
Great news..come on buyers ...a great Divi as well.
JFFF "However, it does, of course, provide certainty in a very uncertain market. "'.... safety, security, certainty - are paramount.... If coupled with a divi it's a good deal for me
Would be nice, miss the days that it would go above 40
MS rating upgrade HMSO to 36p ? Am I reading that correctly :)
I am not able to see how raising money by committing to a long term interest rate of 7.5% until 2028 can be a wise move. Interest rates might well fall. Also, paying off the 3.5% Bonds which do not mature until 2025 doesn’t seem to make much sense. Better to just invest the cash required to pay them off - possibly at a higher rate of interest, until it is needed. However, it does, of course, provide certainty in a very uncertain market. Possibly that is why the price rose to 25p this morning, after having fallen to 23.8 on Friday after the news.