Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
To provide its shareholders with an attractive level of income together with the potential for capital growth by investing in a diversified portfolio of supermarket real estate assets in the UK.
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Could JP Morgan be reducing their short ? They certainly are not getting any of mine.
I can only hope that I am able to free up some investments early enough to buy in (earlier than planned)... the drop seems based on asset valuation changes in property from the little I read... but the income is not just 80%+ (and arguably higher) guaranteed, but index linked and partly incremental on supermarket profits ... which just went through the roof.
Not sure I see a lot of risk here if just wanting income, or to re-invest the dividend.... please don't recover just yet !!
Have also been topping up. Less than 42p is an absolute bargain IMO at over 8% yield. Only have 50% of what I'd like, but I'm patient. You never know how gready shorters can get.
Bought in ex div @ 71.49. This could get very interesting , the two shorters will be desperate to buy back in without raising the sp too much before the rate cut and a strong recovery .
I sold this last year at 87p, very surprised to see this back to 71 on Friday considering inflation has dropped significantly. Bought a starter again
I can't see any interest rate cuts before August. Actually inflation falling significantly and making an interest rate cut LOOK invertible will see a big rise in the share price.
Worth noting 1.5 million (supposedly) fixed rate mortgages come to an end this year.
This latest Jefferies report makes no sense, why just SUPR and not other REITS, why now when it was recommending SUPR just a few weeks ago and nothing has changed.
IMO we are now in a transition phase for inflation and Interest Rates which will eventually be good for SUPR but it is not a good situation at present as Inflation is below Interest Rates as this will restrict inflation based rent reviews while still paying more on interest rates but probably not that significant as most of the loans are fixed.
Would add more but already have quite a lot as it is my second biggest holding and don't like adding on a day the general market is up. Also looking more toward REIT special situation like ASLI and API as both may well be liquidated.
All that said good day to buy your own shares and save future dividend payments.
I just hope that the Central Banks do not keep pushing back the interest rate cuts. IMO it will all rest on the FED as the BOE will just follow.
I also added this morning to my long term pension holding. Looks like an all time low. Reckon incredible value here.
Jefferies say only worth 60p when was that. I can't find it.
Anyway now saying in mid March it's a bargain at 79p?
I am underwater by 8% 78p to 71p today so I reckon Monday will see it start to climb and when we actually get rate cuts it will ŕocket.
Actually it will rise before then when inflation falls enough to make a rate cut a near certainty.
Yes re Jefferies. A former colleague (who’s still working) called them for me. The long post below is a fair representation of what he reports. J may well have a house view on the rates curve that they are required to use for discount rates btw….
I added 30k to my holding. Thank you Jefferies.
Https://www.proactiveinvestors.co.uk/companies/news/1043204/supermarket-reit-rated-a-buy-on-robust-balance-sheet-and-dividend-guidance-1043204.html
Buy recommendations Jefferies 14 MARCH 2024
My guess was continued selling XD, but probably the A trades triggered by the downgrade. On the other hand some big buyers taking advantage eg 140k at 71p. Ive added a few thousand.
As can be seen on the ADVFN board this is most like to Jefferies downgrade.
Thanks to chucko1
Jefferies has moved (actually - REVERTED BACK) from an NAV model to a DCF model. This has caused a drop from 90p to 60p. They stated that the V (in NAV) was relevant in 2022/23 owing to the plunge in (V)aluations etc.
God only knows what discount rate they elected to use, but a change can cause any valuation change you care to mention. A TP of 60p, as previously mentioned, results in a yield of 10%+ - but TSCO33 bonds yield 5.2%. Figure that one out. Also, 850bps over linkers???
All the is relevant is the usefulness of the yield - even the current 8% is stated (by Atrato) to result in a 12% IRR (long run). So, if like me, you own this for the long run, one could only logically buy more this morning.
So it's not ASDA, it's not the movement in rates (per se), it's not leverage, it's not a profits warning, it's not something corporate - it's a change in methodology. I wonder how much that change will effect the future cashflows??!!
One short position added to March 19th small. So nothing lately. My guess is exdivided yesterday and continued selling today, it happens sometimes. Bought a few more.
-6%. No obvious external reason. Perhaps a sale trade being worked through?
Good news from Sainsbury today on profits ... without re-reading, I seem to remember that rents had a floor but also an index to profit... so good news and a nice bit of blue today
The Third Quarterly Dividend will be paid on or around 16 May 2024 to shareholders on the register as of 12 April 2024. The ex-dividend date will be 11 April 2024.
In line with what was discussed at the IM a week or two back .... looks like a solid positioning to finance any new sites that come onto market. As the economy stutters there may well be more distressed disposals .... all good
SUPR featured in this week's "Great Ideas" feature, it's behind a paywall so can't post a link. Includes the following commentary: "We have no doubt the company will be able to continue generating income and earnings growth given the overall grocery market is expanding at a healthy clip again and importantly both Tesco and Sainsbury’s are taking market share."
@Krustysmegma
Impressed .... solid and clear presentation, liked the reassurance that essentially 80%+ of the revenue is baked in and index linked and the remaining 20% a little less so, but solid margins and risk strategies. Liked the link to revenue and not fixed fee. Interesting take on the growth of 'lower cost' competitors around saturation and ease of expansion. Liked the two director buys, good debt position and good drawdown potential for opportunities with a baked in cost rate that is modest and manageable (any investment likely to be accretive from day 1).
I scanned last years report but will read in detail. So far, don't see a downside. A bit unloved but a solid and growing yield so will have on my buy radar as I free things up to re-invest. Just a bit surprised given all this that the rating is only BBB+, but that is still perfectly acceptable to me.
What did you think faramog? I've been invested here for a while now & pretty positive about my investment going forward. I think the dividend is as secure here as anywhere, interesting comparison with the Tesco bond on the final slide.
Been on my radar a while and going to listen in to the IM in 15 mins ... the report last Nov is really pretty comprehensive and makes for a solid read. Not sure I see much more than a slightly undervalued high dividend payer right now. Just the very high exposure to two big supermarkets and current 'cost of living' headwinds to be rather more clear on.
https://rtfilesprod.blob.core.windows.net/originalnotes/supermarket-income-reit_32856_20231106.pdf?sv=2019-07-07&sr=b&sig=0Yote%2FZFuLWJOA%2BM%2BrxzHyuOWJL6JVxh7kfN9PpD87k%3D&se=2024-03-15T10%3A48%3A20Z&sp=r
Supermarket Income REIT plc will announce its half year results for the six months ended 31 December 2023 on Wednesday, 13 March 2024…..
I’m expecting these results to be very good; will hopefully put a few percent on the share price.
Long term should be around 100p. Interest rate cut when it comes will fuel the share price. Interest rates of 4% by 2026 gives me time to add here.
Doubtful given the nature of the business. They have the most recession resistant tenants who tend to remain in situ long term. Net gearing a very conservative 15%. Underpriced