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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Big December valuation haircut incoming?
See my advice below…BATS up over 7 percent today.
Balkwill66…..fwiw I think the Best Buy at the mo is BATS at under 24 quid a share. BATS divi is near 10 percent. BATS also trading at a 10 year low.
SUPR is a REIT and trading/custody costs are the same as any other share not funds, I have these in IWEB, HL, II and Fineco and there are no charges to hold the shares, usual buy and sell charges apply. There are management charges but these are not levied on shareholders directly but can be considered like the costs to run any company (see KIDD). The dividend declared is what you get except for a 20% tax deduction sent to HMRC if not in a ISA, Pension or help by a company.
That’s not strictly true sadly, SUPR is a fund and therefore has ongoing fund charges of 2.6% pa, whereas an individual share doesn’t have these charges, aside from the ongoing fund charges there are also charges from the platform eg ii, HL or Barclays. I also have a HL account and it gives a full breakdown of charges, it suggests as well as the 2.6%pa on going charge there are also massive transaction costs. The total costs as a % on a £5k investment in SUPR are 6.76% which sounds incorrect. Am I missing something? Does it look more attractive with a much larger investment?
If not I’m better off with Primary Health Properties which has much lower costs or individual shares like house builders with decent dividend returns and likely growth as interest rates come down…..
Look for a different broker. I'm with ii. Hargreaves seem to be a bit more expensive than ii, but probably cheaper than your deal. Presumably, any investment will have the same charges, shouldn't make any difference if you buy SUPR or GSK or BP.
Hi all, I’m a novice investor with a modest stocks&shares ISA with Barclays smart investor. I have looked at buying in to SUPR but the total charges seem crazy via Barclays, making the yield about half of the headline figure. Any advice? Much appreciated!
The Second Quarterly Dividend will be paid on 14 February 2024 to shareholders on the register as of 12 January 2024. The ex-dividend date will be 11 January 2024.
Could be - but I'm hoping there's more to come. And a very nice dividend whilst I wait.
Made a very quick profit, which seemed the right thing to do.
Good morning.
Sold for a profit a few weeks ago.
Bought some again on the dip.
Will probably hold for the upcoming dividend.
GLA holders
Don't take too much notice of this lot and I think we know this already but a good write up nonetheless.
https://www.fool.co.uk/2023/11/01/which-ftse-250-stock-should-i-buy-in-november/
Supermarket Income REIT announces that Sapna Shah, an Independent Non-Executive Director of the Company, has been appointed as a Non-Executive Director of BlackRock Greater Europe Investment Trust plc.
Good to know, for when BlackRock start to send these back to 130p…..
Just bought a chunk of shares a few minutes ago.
The dividend yield looks pretty good.
Let's see the SP goes from here.
GLA holders.
In case you missed our webinar with Supermarket Income REIT (SUPR), the recording can be found on our YouTube channel: https://www.youtube.com/watch?v=U-lidNH_FMA
The dividend is up a tiny amount and paid as PID which means at least this one is covered so a little bit of good news.
The First Quarterly Dividend will be paid on or around 16 November 2023 to shareholders on the register as of 13 October 2023. The ex-dividend date will be 12 October 2023.
Why no announcement yet ? (it was previously announced on 23/9/21 and 21/9/22).
Reits have to distribute 90% of taxable income to shareholders
DenFos
"Divi cover is my concern here, it’s around 1, not high enough."
This is why I think all excess money should be used to buy back shares to save the almost 8% dividend and increase the cover, SP will respond once this issue is removed. Even using borrowed money they will make a saving. However they won't do this even though it is in the shareholders best interest as it makes the company a little smaller (at least for now) which is against the Directors own interests, less remuneration etc.
Terry, you are correct mate, 8 stores. Personally I think the bigger the portfolio the better. Divi cover is my concern here, it’s around 1, not high enough.
There are looking to sell Waitrose stores.
SUPR already owns 8 which make up 5% of the portfolio.
SUPR currently owns no John Lewis stores. If they can get their hands on the JL omnichannel stores at a bargain price, with 20 year inflation linked leases, then I assume this would be excellent business. NAV goes up and down as the years go by…..