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You laugh at my gut yet it keeps giving me free money! - What has all your efforts delivered you over the past week?
Intu - I acquired stock the previous week when you were posting the same stuff as below on the stock and even challenged me on the forum with the whole debt issue. Got in it went up I sold out and went back in beginning of the week before take off , confident it still has legs over the next few weeks.
Purple - Got in a week prior to yesterday major gains. Funny thing is before the stock even started jumping up yesterday I posted 50p prediction when it's been holding firm around 30-40. You actually posted and laughed at me again on the forum. Well we know what happened there don't we???...it exceeded my 50 expectation.
This will go well into the 40's it's totally undervalued. You might be good at reading news, however I question your ability to read stock value. Call me lucky but I've certainly made some great calls over the past week! So please save the negativity as it won't be long before this goes up and you lose face yet again. As you were GL!
Well I am sorry lads ,I guess we must just agree to differ .
Been searching hard for reasons to invest but there is too much lumpy retail that weighs heavily for me which is in for some further distressing
They are going to have to buy in some retail expertise
They have headed on in to retail property chasing yield well outside their skillsets
In fact it was only in March this year when they said this.They must have forgotten what they own .
"The portfolio has downward valuation pressure on our retail assets of 6.2%, due to the negative
sentiment towards the retail sector generally, despite the fact that we do not
have any exposure to department stores, indoor shopping centres or
out-of-town stand-alone retail "
The ex BHS department store unit in Walsall was not a good investment empty for a couple of years.
Even the occupier not mincing their words .Not a vote of confidence for RLE's investment entering the arena as last resort
https://www.retailmultipleslimited.co.uk/
"We are experts in turning around distressed commercial real estate"
Fair play to them they got the Post Office in as a pump primer . They only opened in June last year so sadly the lockdown has come at a particularly bad time
Good luck to them shifting this amount of space
Https://www.retailmultipleswalsall.co.uk/resources/Spaces%20for%20Rent.pdf
What would you value the rental income at which could be over £200kpa ? Cerainly taken a walk
someone seems to be up early this morning, must have had a bad night with all the toxicity pumping through his veins. Wonder what he is saying ? Actually, no I don't.
Night
Yes,indeed I now feel obliged to have a further hunt around the portfolio to illustrate to you that sometimes it's wise to make use of another part of your anatomy your eyes rather than your gut in making your decisions .
Take a look at what is going on as it seems to have passed you by.
Break clauses are being exercised .These were taking place before lockdown . The usual lease provisions for triggering break clauses a minimum of 6 months before the due date to give a chance for landlords to sort out dilapidations claims
Travelodge will file documents for a company voluntary arrangement on Wednesday so how that pans out for Maypole is anybody's guess
Take a little look at this Central Wolverhampton office investment
2 VENTURE COURT WOLVERHAMPTON
Let to Persimmon Homes and Santander .
These are modern offices close to Wolverhampton town centre with a couple of decent occupiers
Acquired in 2017 with 4yrs WAULT
A coin toss that the tenants would renew their leases and Persimmon Homes have left leaving half the space empty with the hard task of replacing a quality tenant in a difficult market .Persimmon Homes jumping ship at the earliest opportunity
Price paid 2017 £2,500,000, excluding acquisition costs which would be 5%+. Acquired at a net initial yield of 8.37% producing £222,565 p.a. The property comprises a modern office on a busy business park and is let to Santander and Persimmon Homes with 1,952 sq ft of vacant offices to let .
7,542 sq.ft has become vacant taking a huge bite out of the £225,000pa rent roll
https://www.bulleys.co.uk/venture-court-1226-p#
Perhaps you would like to engage yet another body part ,your brain and place a value on it today
Certainly a country mile from £2,500.000.
What's your gut feeling on that?
https://search.savills.com/property-detail/gb30290000105452
£90,000pa
This now on the market by way of assignment to dampen affairs .Bingo Cafe only opened in 2017
Hopefully RLE have got the main Mecca covenant on the lease so at least they are guaranteed the money !