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My previous experience is that this is a decent hold. Don't expect to get rich overnight though.
Cheers for all the feedback guys - useful insight into the market thinking on this share - I've stuck a small-ish IPO application in - will see if I get any/ all in a few days and then it's either a slow build up on price drops/ future discounted offers or a quick cash in(but most likely the slow build).
I think the reason the sp is holding up at above offer price is not so much people buying, Its more a case of why sell if you think the shares are worth the current price. Of course if have 50k worth,& you could sell at 1.42 & buy them back at 1.36 then you would, but you cant. The ipo has to be at a discount to there real share value to make sure all the shares are bought. I applied for 2k worth in the last ipo & got about £700 worth which I sold at a small profit, & if I can find the dosh I may apply in this ipo.
Thanks Johnbri - that makes some sense - the premium to the offer price is essentially the price to guarantee stock, the offer is a gamble of being scaled back/ left out. Easy-Livin - correct I own none right now, but I can apply through this offer via AJ Bell - it's just I am not guaranteed to be accepted for the volume I apply for (or any at all), existing holders get 1 guaranteed acceptance per 11 held iirc.
That's not true as I have no shares but have taken part in the placing through Barclays.
richred_uk, if as you say these would be you first BBOX shares which leads me to believe that you don't own any of their shares. I may be right in saying that you can't take part in the placing as you are not currently on the share register, you would need to purchase in the main market in the normal way. The SP may drop close to the placing price at the deal time, but I doubt it.
richred. If this placing is consistent with the previous ones the shares on offer will be taken up by existing holders. Therefore it is a gamble. Buy now or wait until after the placing.
I'm thinking/ intending to apply for some shares in the offer next week, which would be my first shares in BBOX. I would get these at 136 a share, no Stamp Duty, no Dealers fees. Why would people be buying shares today at 141 rather than buying into the offer? I know that there's a divi attached to the current shares, but that's only 1.5 ish pence iirc. Is it purely a premium to be guaranteed of getting shares whereas the offer isn't guaranteed and could be scaled back?
BBOX Amazon amongst others! One of the best buys I have done when offered more previously. They distribute for Amazon, Sainsbury. Tesco. B & Q, and others all in the RNS. Four divis a year and divi going up. If you believe in growth in online shopping take them up. GLA
Passing the hat round with a view to buying some more boxes
Hope you are right as 170p gives me a profit of 25% which is 5.2 times the annual income, cashing in territory me thinks.
at £1.89 B gives an SP of £1.71, so we are currently 15% undervalued. With the increase in Divi as well, this should motor this week IMO
Good news. Box number 38 acquired, 15 year lease, upward only rent reviews and client meeting the high degree of automaton fit out Costs. Boy these guys are good.
I already have a few of these, I'm a bit time limited on the capital so will have to set a stop loss soon. However they will be on my radar for reinvestment in the next couple of years.
"Five income shares for a low interest rate world", Hargreaves Lansdown. "Security of future revenues is one of the main attractions of real estate investment trust Tritax. The group leases out those vast, looming warehouses adjacent to the UK’s motorways, which play crucial roles for the retail giants that rent them out. The shares currently offer a prospective yield of 4.5%. Retailers’ distribution networks are built around these facilities, which often act as regional logistical hubs. With online sales on the rise, these facilities are invaluable to many. Some retailers have even negotiated new arrangements early to ensure that they don’t lose the lease in the future. Electing to move elsewhere can prove costly, after all the investment that goes into the whirring high-spec equipment that makes the centres run at top efficiency can be significant. As a result, the group clearly has the upper hand when negotiating terms. Upwards only rental reviews are often a feature of Tritax’s agreements. The group’s portfolio of 35 sites is worth around £1.9bn and has an average unexpired lease term of just over 16 years. With a REIT legally obliged to distribute 90% of its profits, we feel that it makes for an attractive income play." Seems everyone fancies this, might be time to have a little dabble. Krusty
No-one seems to have picked up that this was tipped by Ian Kavanagh, investment manager at Hargreave Hale, in The Sunday Times on 15th Jan: "This trust invests in huge logistics buildings (from 500,000 sq ft to 1m sq ft) that are let out to blue-chip companies - particularly those involved in retail. This is a high-growth area, with supply limited by planning and infrastructure constraints. This will help drive some capital growth in addition to the healthy 5% dividend yield. The top holdings include a 920,000 sq ft Morrisons warehouse in Kent and a 550,000 sq ft Amazon warehouse in Peterborough. The trust's annual charge is 0.5%" Sounds impressive - worth a try?
Watching brief for the present me thinks. Logicor seem to go for small to medium sized boxes not big ones. Could certainly raise profile of the sector especially if they start to go for the bigger boxes in competition. They have a strong European presence but is their business model as good as Tritax Big Box?
Looks like Logicor are going down the floatation route, can anyone give a heads up on how this could affects us, if at all. Competition on the share front or a higher profile for the sector.
That was the 'UT' uncrossing trade between MM's so not really a trade at all. Should still be a steady riser tho. This is a REIT so I will buy on the cash calls.
A nice positive finish to 2016 and what a buy right at the end of the day. Hoping this will be a nice steady climber for 2017.
Agreed what a good pre Christmas RNS, the spread may have been 20% early this am but now it's more normal 0.7%. MMs may well be after more as you say, but I'm keeping mine and add as the divs arrive. JJ
Good note to go into Xmas on.
Yet another contract announced. Damn these guys are good
Look at the spread, almost 20%. The MM's are into this share and are trying to grab as many shares as possible before it inevitably rises. Just my opinion
A excellent business model, steady dividend, acquisition of new sites so why is the share price not making a steady upward movement?