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lxi ceo interview,on sky news atm.
and mentions to sir deal.
Added 10% to SIR's value today. The approaches of the 2 firms look similar with both targeting long-term inflation linked cash flows, which I think is still a good place to be. In addition, the last published NAV was 135p back in September, and given inflation, I think this will have risen considerably since then, so I think we'll get in at discount to NAV. On that basis, I'm going to hang in there and accept the share offer from LXi absent any further news.
That is a sound performance, this SP should respond!
ii seem to be promoting this IT but it's not a member of the AIC, any idea why?
"The break clause optionality provided to us by the CVA agreement, in conjunction with Secure Income REIT's strong balance sheet and considerable liquidity, creates a solid position from which we can actively explore options for our hotels portfolio, whilst at the same time providing Travelodge with the breathing space it requires to re-establish its business."
I guess Premier Inn will be queuing up to pick off some of these ! So for Travelodge its a suck it and see for the owners
Maybe a name change is required .There is very little secure income arising from this
hopefully the debt being cut and the increased dividends will push the share price upwards today......
unclear from RNS whether the hospitals were sold above the NAV they have in the accounts......
What's next is lots more money for the Directors via their Advisory company ... they took 27mm last year and will be getting 4mm more guaranteed per annum from this latest acquisition ... no wonder they're willing to put 5mm of their own cash into the shares. This is quite a risky business, wholly dependent on the portfolio revaluations to generate sizeable profits The underlying business is roughly : 100mm rental income at gross yield around 5% less 50mm borrowing costs also around 5% less 10-30mm for the mgmt advisory fees Giving 20-40mm net profit to give to shareholders as dividends ... so 2% return I'd much rather be an advisor than an owner
Yes interesting , what next .
There will be 316.94m shares in circulation post dilusion at a price of �3.65 making mcap of �1.156b.
EPRA NAV to increase to �1.2 billion on a pro forma basis
this share is huge for aim? �436 MILLION ACQUISITIONS �315.5 MILLION PLACING OF ORDINARY SHARES
3.5mill buy/sellthere?
premium placing then: "he placing price will be 298.6 pence per share "
RNS: "The Company is pleased to announce that the Placing was oversubscribed within the price range and the maximum 110,735,013 Ordinary Shares available under the Placing (representing 61.4 per cent. of the Company's issued share capital) have been sold by the Selling Shareholders at 255 pence per Ordinary Share."
that was v big?