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My Buy got filled at 123.6, which i didn't expect yesterday. RSI shows oversold but could go below that trend line which could then offer more attractive buy prices. Anyway, good to increase holding way above the equivalent DRIP rate.
Cheers all and GL.
It could be all sorts of reasons from Family, somethings she's disagreed with at the company, leaving to bigger and better things or a transfer within AEW. Either way, I'm not sure it will effect the NAV and divi, the team look fine.
The drop today has almost reached my 124p Limit Buy to buy back the shares I sold above 130p only a couple of weeks ago. The trend looks still intact if the price drops back to 122 to 124.
Thanks for that Trotsky!
I hope she shows up at any of the other REIT's I own like RGL and RLE...
I was somewhat taken aback by this morning's RNS; I thought she was surprisingly quiet in Tuesday's investor briefing. All the RNS says is that she has resigned, so your guess is as good as mine. I think she will definitely be a loss (been with AEW since 2014) but it's a good team and hopefully we can continue to progress from here.
Morning, any thoughts on the resignation of Alex? I am a relatively new investor but was impressed with her presentations on the quarterly briefings and of course I have a lot of confidence in the company itself.
AEWU has a good record of increasing the value of its properties and maximising returns. I suspect that any proceeds from the sale of Eastpoint Business Park will be reinvested to replace the rental income "lost" from the sale and generate further asset growth by identifying new investment opportunities
The premium to Nav is now explained and 78% dividend cover is now not a problem.
Might we get a higher distribution as a special dividend / return of capital with this or will the company sit on the cash and increase some assets ? A bit of both would suit me.
The expenses come out of profits before dividends but be careful with dividend yields they don't always get updated. Based on an expected dividend of 8pps for the year ending 31-Mar 2023 (same as the last four years) the share was yielding c6.22% at Friday's closing price of 128.60pps
Sorry if this comes across as a really newbie question, but I noticed the expense ratio is really high with this REIT (3.84%). How is that paid exactly? Does it come out of the dividend or is it deducted from all profits before the dividend is distributed?
I guess my question is, does this REIT actually offer a 7% dividend, or is it 7% minus the expense ratio?
To me this is a long term holding share. We like the sector, the management and the yield. When I built my portfolio of. UK REITS last year I found liquidity missing, which is obviously a risk, but I am not trying to be clever with market timing, at least not with these type of shares. Make a decision, buy to hold, sit back and monitor is my strategy.
Its great that those options are even on the table with the share it has some visible strength of late.
Personally I'm a simpler investor. I make my choices on my long plays and just make monthly top ups wherever the yield suggests its currently highest against the current SP... like I said... simple investing for simpe people (me).
Ballio
This is a big movement for AEWUK in just a few days, though we're now 8p above NAV.. but.. "The Company's EPRA EPS was 1.55 pence for the quarter, providing a dividend cover of 78% (31 December 2021: 1.80 pence and 90%).
Is that a concern or will it be more than covered during the year ?
The night club deal has clearly gone down well now we're post pandemic.
Ex-Div Next week.
Tempted to trade with a sell before Ex-div and look to buy in again once we're back to Nav or drop between divs.
wrong board sorry!
Looks like someone forgot to press send on the internet banking .... Woops!
Many thanks for this Genghis!
Henry,
I bungled my invite for today's presentation. If you are listening would you please give your impression of the call later?
Best regards!
Many thanks! I need to start following other REITs too. Cheeers,
I was wondering the same thing. Some other non-logistics REITS moved as well the last few days. Not that I'm complaining, but I also haven't identified any specific reason.
Good morning, is there anybody who can shed some light on the background of the unusually large turnover today and the perky price?
Many thanks for this!
Simon Thompson of Investors Chronicle has published an "Alpha" report on Friday 19/11/21 regarding AEWU.
The Investors has three levels of access: print, online and Alpha. Alpha is a premium service available at an additional cost. It's money well spent in my view in order to get early access to some of Simon's ideas. This latest one is a 35 page pdf document.
The article concludes:
"On a 12 month basis, my target price is 128p which combined with 8p a share of future dividends would deliver a 24 per cent total return"
The basis for the recommendation is:
Secure dividend
Increasing exposure to warehousing which attracts a higher valuation than standard commercial
Current reported NAV likely undervalues sale price as demonstrated with some recent realisations
Relatively low average length of current tenancies providing prospect of upward revisions in rental
Completion of a Blackpool retail refurbishment which is currently costing £200,000 a quarter
All told this strikes me as very positive. I'm content to continue holding for the next twelve months and will look to increase my holding should funds become available or the share price becomes more attractive.
Yes - the presentation was excellent. The team are managing the portfolio with real skill and determination. The announcement on Coventry looks really good so I've added immediately.
In my view Alex and Henry did a professional and transparent investor presentation today. I added to my holding during the session. At the end they expressed a bit of frustration about the share price which perhaps signals their view that it is under-valued.
last results interview they were asked if a divi rate hike was on the cards and they said no seems 8p is it