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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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Apols, my lengthy discussion on this topic with adv11 and seen_it_done_it is on the GSF chat, not here. K
HINDY, my annual charges summary appears in the Spring report rather than Summer, so that's what I'll refer to. In the Charges Summary section 01 May 2020 - 30 April 2021 it states "- Charges made by fund/ ETF/ investment trust managers for managing your investments. These charges are already included in the fund's price, so they aren't shown in your transactions.". My SUPR shares are held in my Fund & Share A/C but I plan to move them to my ISA at some point. The investment report says "Annual Charge for holding Shares £0.00". I can confirm I have paid no charges in-year in my ordinary trading a/c. Further down, it says "Investment Charges - SUPR £15.07". I have NOT been charged for this, and my belief is that this relates to the statement that " These charges are already included in the fund's price, so they aren't shown in your transactions." referred to above. This is all incredibly difficult to fathom (see previous discussions between myself, adv11 and seen_it_done_it on this page) and HL has certainly not helped me to understand what I'm actually paying for, but this is now my understanding of how it works. The current SP of SUPR reflects the net price once THEIR charges (c. 7% or whatever) are factored in, so in effect we don't have to worry about them because we've already paid them.
I hope you are able to follow all this and relate it to your investment in SUPR. I have to admit I hadn't worked this all out before I sold down a chunk of 3i shares without realising that HL weren't charging me the Investment Charges amount, and that effectively this section was for information only. Let me know what you think when you've had chance to review it, I have a genuine interest in fully understanding how this all works going forward (as do adv11 and seen_it_done_it). K
Hindy, it sounds from your most recent post that you’ve changed your mind and decided to hold onto your SUPR shares, despite the HL figures on the charges? It sounds like another HL administrative error to me.
SUPR pay day tomorrow.
check your summer investment report charges summary issued by HL,thats what highlighted it me,a lot more than all the other shares i have.
Yes I found it, did you read my second message from Monday? I can only go by what HL has actually charged me, which is nowhere near 7%. As I said though, I'll be keeping a close eye on it now so thanks for alerting me to it. I'd be interested to know why HL are giving two wildly different figures on their SUPR page - the 7.1% on the "charges" tab and 1.29% on the "at a glance" page?
from my HL account in the costs section,scroll down to average annual charge
5 year detailed breakdown
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming 5.00% growth.
Year 1 Year 2 Year 3 Year 4 Year 5 Total
HL charges £34.12 £21.74 £21.30 £20.88 £32.41 £130.46
Investment charges £341.55 £310.34 £304.19 £298.16 £292.15 £1,546.40
Stamp duty (0.5%) £24.94 £0.00 £0.00 £0.00 £0.00 £24.94
Net initial charge (0%) £0.00 £0.00 £0.00 £0.00 £0.00 £0.00
Net ongoing charge (2.8%) £136.47 £133.76 £131.11 £128.51 £125.92 £655.78
Incidental charges £0.00 £0.00 £0.00 £0.00 £0.00 £0.00
Transaction costs £180.15 £176.58 £173.08 £169.65 £166.23 £865.68
Total charges over 5 years £375.68 £332.07 £325.49 £319.04 £324.57 £1,676.86
Average annual charge 7.65% 6.90% 6.90% 6.90% 7.16% 7.10%
Illustrative 5 year value £4,864.75 £4,768.35 £4,673.85 £4,581.22 £4,478.49 £4,478.49
Illustrative 5 year value with no charges applied £5,250.00 £5,512.50 £5,788.12 £6,077.53 £6,381.41 £6,381.41
Sorry I can see where those figures have come from now, the Costs tab on the HL page for SUPR. Whenever I query charges with HL they always tell me to look at the "Ongoing charge" on the "At a Glance" page linked below, hence 1.29%. I have to agree though, it's very confusing (again) and contradictory. I'd be interested to hear what explanation HL gives for this discrepancy. In the meantime I'll be keeping a close eye on their charges going forward. K
HINDY, I'm not sure where you're reading that but this is what it actually says on HL:
https://www.hl.co.uk/shares/shares-search-results/s/supermarket-income-reit-plc-ord-gbp0.01
1.29%. For info, they charged me £15.07 last year on my holding of £2,260 in my trading a/c
I would send those figures to SUPR and ask them to comment.
on HL it says average annual charge 7.1%
Investment charges £1,546.40
Net initial charge 0% £0.00
Net ongoing charge 2.8% £655.78
Incidental charges £0.00
Transaction costs £865.68
Stamp duty 0.5% £24.94
Total charges over 5 years £1,676.86
Average annual charge 7.10%
Illustrative 5 year value £4,478.49
Illustrative 5 year value with no charges applied £6,381.41
HINDY, 7%??? Where has that come from? 1.29% on HL.
@HINDY: what are you referring to? There are charges that Atrato charge the REIT for asset management services. They are nowhere near 7%, but are set at a reasonable level for the work the manager does.
oh well, at least you didn't crash the share price.
Check before you sell - KID says 1.86 %, although we all appreciate how complicated these costs are, and have different experiences depending on which broker we use. I'm sure non of us would be invested if there was a 7 % charge ?
just noticed the annual 7% charges on this fund.
i will be selling it on Monday
TD I agree, it does seem strange logic. The price has ticked up nicely since that April post, but I guess everyone has their own agenda. This isn't a short-term investment for me, I'm hoping to add some more on any dips on the basis it pays a decent, steady dividend and is growing over time. Just wish I'd known about it sooner.
My first post on this share. Just picking up on the point above about possible further fundraises as a reason for selling here. Whilst we are trading at a decent premium to the latest available NAV of 104p, that NAV is 6 months out of date (being 31 December). Also, if I’m not mistaken, the amount raised in the March fundraise was £153m and we’ve only seen news of £63m of that being deployed on a Tesco in Colchester. With £90m still to be deployed, wouldn’t it be unlikely that we’d see another fundraise any time soon?
HeiQ won't be paying a dividend any time soon so probably not on your radar adv11. It's more of a growth share at this stage so sits in my SIPP. Yes there seem to have been a few strange closing prices from Friday, more or less sorted out now though. I keep hoping the price will dip here so I can buy some more, no sign of that happening yet though.
I had never actually heard of HeiQ, just a had a quick look at it.
I'm not sure how or why SUPR is showing down 5.5p today - must have been some rogue trade late Friday, although I recorded the price as 118p when I worked out my end of week values on Saturday. Strange !
Thanks adv11, useful to get an alternative view on this. I hadn't picked up on the trend for trading REITs. Chasing dividends and then selling is not for me though I'm afraid. As you point out, if the market turns against you it can turn out an expensive exercise. I got into HeiQ after it dropped dramatically following the maiden dividend, it still hasn't fully recovered but I'm sure will be a solid investment ultimately.
To be honest, I had a small argument with CSD some time ago about this. (as I have been doing recently). I am sure we all have a dilemma sometime about whether to take a profit or stick with a great yield. Until recently I always opted for the yield. If you get in at a low point, think yourself lucky for once, and be thankful for those dividends. Everything has changed though as people have started trading the quarterly and the REITs, and bragging about it. To be fair to CSD, he is like most of us, a decent enough guy, he just sees things differently, and his post was almost two months ago. I think it was on the AEWU board I had a go at him.
I am beginning to that IF that is what most people are doing, maybe it's time to do the same, but be cleverer and quicker than the rest. A few years ago, I did an experiment where I traded my quarterly dividend shares, usually keeping £1000 in each but adding say £4000 a bit before ex-divi date and selling straight after. Both times I tried this I actually made £2500 extra dividends in the quarter, and lost £2500 in capital doing the trading. It may work in a rising market, but not in a falling one, which is why most people don't trade quarterlies. Hope this makes sense.
I tend to agree HINDY, plenty of shares out there to trade if that's what you're looking for. A REIT paying c.5% divi doesn't fit with that strategy. Great for anyone looking for reliable, long-term income & a little capital growth though (I hope...).
this type of post is why i stopped using this site a long time ago
Afternoon all, here's an investors overview with the management at SUPR. It was filmed last year & we've updated all the graphics / facts (store purchases etc). Just apologising for anyone who has seen this already!
https://youtu.be/CL1PyN3xX1A