George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
To provide the shareholders with an attractive level of income, together with the potential for income and capital growth, from investing in a diversified portfolio of UK commercial real estate.
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I believe 98% covered in Q3, but fully covered for year to date - which is how I remember the presentation. Then they are also forecasting being fully covered for full year. Some exceptional costs in Q3.
Rylidan
Dividend cover was 98% not fully covered but there are rent uplifts to come which should help. Additionally they are also letting some of the vacant and or new space. Stanley is now 60% let with another 20% in advanced negations and high hopes that it will become fully let.
Also planning to sell some smaller properties if they can get the valuations to bring down the NAV back inside the 35% self imposed mark. Currently under 37% but will allow them to reduce the more expensive RCF debt side of things.
Yes the Starbucks thing looks interesting but I wonder why Starbucks are willing to give away so much. Maybe because I cant afford their coffee!
Dividend paid 28 Mar 24 @ 0.836p was 0.819 last March
Ex divi 7th Mar 24
He shoots but hits the post. Was close though.
Even selling properties at a premium and more lets progressed. So things should be on the right track for the investor meeting on Thursday 7 March 2024 at 2.00 pm GMT.
Not sure why the big sell off after the results. NAV reduction beats MSCI Index. Fully covered dividend from earnings at 8%.
Seen comments about the Starbucks deal. However I believe the benefits of having a Starbucks on this estate was covered at the last investor meeting. I believe its one of those win win deals, that increases desirability of the complex as a whole.
GLA
Probably ex div 29 Feb 2024 and paid 19 Mar 2024 but might slip due to Feb not having 30 days.
Expect an RNS next week
By the 4th March is my guess. It is a guess though!
Does anyone know when the next dividend will be announced ?
I have just topped up some more of these due to a last minute panic sell of EPIC (long story)
Does that make it a panic buy?
Might watch a bit closer and add more on any drop
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In the cotext of ESG the words that it stands for mean nothing like you would imagine or have ever known them to
Check it out.
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You sound like an old school Tory with your head buried in the sand. Get real, the world is changing.
Go woke go broke.
If i was looking for a unit i'd be looking for the best value on the best terms. Running a business hard you wouldn't want your capital spent on inflated rent to satisfy a fad. I'm sure the workers at the business morale would be better served by a pay rise than a solar panel
Crass Stupidity is a disease of the out of touch fund managers and politicians
I said it 3 months ago, but their focus on ESG property is spot on. Also mentioned the progressive dividend fully covered by income. At 7.5% current return seems very good value.
Also REITs are also looking very oversold as a sector, and just starting to turn upwards IMO. GLA
I said it 3 months ago
I also watched the presentation and was impressed. Looks the best compared to peers in many ways, perhaps most significantly on interest rates locked in for long term, and the coverage if the dividend. Looks like their ESG approach is spot on, and they have plans to increase revenue and profit. This is one of several income streams for my pension, and I was more than happy.
Watched the presentation today but can't say I learned anything of significant note.
Things going reasonably well and divi covered even after rising above pre covid levels.
Expecting NAV to reduce slightly before things start to improve. Some small sales expected. Income expected to improve. Highish voids (IMO) but should reduce slightly in time.
Nothing on the EPIC properties but I'd expect that even if they were bidding. My gut is they are not in the running.
Not sure where the good capital growth is coming from.
This REIT has held up very well relative to its peers. Solid dividend and likely capital growth from this low point. Been slowly accumulating from my dividend pot for long term pension income. Where else can you get 7%+ yield and good capital growth prospects?
Well just when you think things are on the up, Mr Market has his say.
Most of my PF down today, I wonder what caused it to spook. Still I managed to get the LGEN shares I was after.
I suppose its sit back and wait for the dividends now.
Yes the report looked good and the behind the scenes the circumstances were worse than reality. A divi bump helps.
Anyway my LGEN buy didn't happen and the price has risen. So being unlikely to get in there at my wanted price I have decided to spend the proceeds here.
The metrics look good and the share price should follow. I suppose another rate rise might put a damper on Reits again but shouldn't affect this too much.
Agree, the Reit I own I am most comfortable with.
Looks good to me. Nice dividend lift, fully covered. As expected property prices lower, but that's the current market!
Looks very cheap against the Blackstone deal for Industrials REIT. Must be due a re rate or bid approach.
With the large discount, high yield paid quarterly. I have decided to add more. The last lot I bought are under water by approx 15.4% so this should even out the average a bit.
I assume interest rate rises, utility bills and inflation are dragging this down somewhat and a change of leader. I don't know how much bad news is priced in or how much further there is to go. Hopefully some extra dividends going forward will help.
See you again after another 15% drop (it looks like its already started)
With the large discount, high yield paid quarterly. I have decided to add more. The last lot I bought are under water by approx 13% so this should even out the average a bit.
I assume interest rate rises, utility bills and inflation are dragging this down somewhat. I dont know how much bad news is priced in or how much further there is to go. Hopefully some extra dividends going forward will help.
It will be interesting to hear what they have to say tomorrow. I suspect it will be good news generally.
Nice to see buy back started. Authorised to buy back roughly 15% of the shares at a price up to NAV.