Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Debt on balance sheet as at March 2024 - £1,212,000,000 approx
Interest payable in year to March 2024 - £27,200,000
Turnover - £157.8 million
With debt at 6% interest rate rather than less than 2.5% interest bill will be £70 odd million - thats why I assume they say an equity injection is needed -
Increased their holdings 9.66 to 10.25.
Haha noice :) we should hopefully be glad we did in years to come
Yessir I'm with you!
Anyone else loading up on this? I am, it has been and looks like a great long term income payer to me
Jeffries has been very harsh with their note on Assura, saying Assura needs equity injection, curtailing development or asset disposal to allay a risk of a credit cut. Also added Assura risks to be priced out and the dividend risks being uncovered.
The note is not very detailed an does not give any additional info. Resembles to scaremongering for how it was written.
It seems a good one to be in, nice divi all the time. Price currently seems to me to be ridiculously low.
CFO buys shares for the second time in as many weeks
With all of my REITS in only ever receve. 80% of the dividend
Peter, I had the same issue with Barclays. I called them. They advised that they will claim the REIT income tax from HMRC and will credit the capital on my account in 8 weeks. I am skeptical I won't have to make further follow up calls. However, I was told they will claim the 20% back from HMRC for every dividend payment and I won't have to do any thing for it to happen. I am skeptical on this as well. I will give them 12 weeks and if nothing happened I will call them again.
It is a pain in the backside.
Peter, I hold shares in ASLI, another REIT that splits its payout in two. You should receive two dividend credits and as you hold your shares in an ISA, there will be no tax implications whatsoever.
This is what was stated on the RNS with its results:
The April dividend for 2024/25 of 0.82 pence per share was paid on 10 April 2024 and the July dividend for 2024/25 of 0.84 pence per share is currently planned to be paid on 10 July 2024 with a record date of 7 June 2024.
A scrip dividend alternative was introduced with effect from the January 2016 quarterly dividend. Details of shares issued in lieu of dividend payments can be found in Note 11.
The April 2022, July 2022, October 2022, April 2023, July 2023 and October 2023 dividends were PIDs as defined under the REIT regime. Future dividends will be a mix of PID and normal dividends as required.
Hi
Does anyone have any knowledge on the tax treatment of dividends from AGR ?
I hold these shares in an AJ Bell ISA. Income from AGR is paid in the form of Property Income Distribution (as opposed to dividends) and according to AGR's website, tax of 20% is withheld and paid to HMRC. Income can be paid gross to certain organisations, including ISA managers, but only if they notify AGR. The implication is that shareholders can claim back the tax from HMRC on their tax return
I am trying to get a definitive answer from AJ Bell but it is proving difficult, i'm not sure they fully understand the issue.
Does anyone have any knowledge of this ? Does anyone hold these shares outside of an ISA/SIPP ? If so, could you confirm the latest payment was 82p. This is what what i received from from ISA holding which will at least confirm that the payment is not gross.
I also hold SUPR who also pay Property Income Distributions so i'll post this on their chat
Yes it's fear of the unknown and they were reluctant to give out figures. I opened a position here yesterday and saw it drop today and so bought more today. I will increase my holding over the coming weeks as more funds become available.
GLA
No not too brilliant on the share price, however it's always good to see director buys isn't it.
The share price did not respond well.
Why would it be good to in effect sell property marked down to a low level already, due to market conditions, for a further discount when it is already funded with relatively low interest? Owning a 20% stake seems low. Sounds like AGR will be doing all the work with only management fees for that work. Even though there is a management fee, I doubt that equates to the same as 100% ownership, or why would the pension fund bother. Sounds like an unnecessary deal.
Thats a good sign, obviously why its tracking higher this morning, hopefully next weeks update is a good one, i noticed Blackrock upped there holding earlier in the month
- Assura: We initiated a new holding in Assura, the primary healthcare property group. We last owned this stock in the portfolio in 2021, selling the stock at a large premium to its NAV, since which time the share price slipped below its NAV as a result of higher interest rates. Operationally the business remains strong, with evidence of attractive rental growth and a pipeline of new developments.
You live in hope!
Jefferies raises Assura Group price target to 52 (51) pence - 'buy'
Plus, average debt maturity is in 5.5years. Hopefully part of the debt will be paid off and hopefully rates will start to come down. Markets obviously have a cautionary view on that
A company with a Flitch rating A- would get a better rate than that. Mortgages are just above 4% at the moment. Or business rates are higher than rates for residential mortgages?
Come 2023 assuming debt of 1.25b on average interest rate 5.5%, interest cost 68m versus current 28m.
How much are lenders charging companies with a similar credit rating? I would like to know how much earnings could be affected. 2030 is not that far out in the future (although rates may come down by then!)
Ps………weighted average interest rate at 2.30%