Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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NBMI, but it’s being wound up.
Smif appears to be the last monthly paying IT..
Quite a few monthly payers in the fund space. Depends what you are after as risk/asset location.
Thanks Money
TwentyFour Select Monthly Income Fund Limited (SMIF)
Doe's anyone one know of any other companies that pay monthly dividends ? it will be sad to see BCPT breaking up if it
happens.
If every trust decided to shutdown because of a discount there would be very few left.
Get a grip.
Doesn’t it sound a bit feeble? Why trumpet that they are going to do something that should be a normal part of a competent boards duties? Bringing in the lawyers and starting the fee gravy train for the leeches.
And telling the world that they are not optimistic about the commercial property markets.Will be seen to be a desperate seller if they decide to go down the voluntary liquidation route.
If they wanted a merger,surely they should be doing this on the quiet.Maybe they have and it has fallen apart.Noticeable rise in share price contrary to many others in same sectors.
Shareholders are invited to write to the chairman with views.Unusal ,but welcome.
Sounds as if the board does not have the energy to acquire struggling smaller funds in the sector?
Hope so Shrek
Yes me too KAF444 ! nice steady divi with a decent yield
I do wonder if this is a ploy to try and get the share price closer to NAV and to say no sorry we are keeping on keeping on rather than a sale.
I will vote for keeping the company going nice to have monthly divs
Balanced Commercial Property Trust commences strategic review due to 'material' discount
https://www.investmentweek.co.uk/news/4197134/balanced-commercial-property-trust-commences-strategic-review-material-discount
Now?
Cheers
It was tipped in Investors Chronicle.
Does anyone know why the SP is going up ?
Purchased my first load today.
Some REITs are currently very undervalued,
I am adding a few between now and the new year with inflation dropping and potentially interest rates at the back end of next year.
40% discount to NAV
Monthly yield approx 7%
And a good net gearing of under 30.
@jonthb: No, I don't think there's anything unusual about being commercial RE. Being a REIT means that the company itself doesn't pay tax, but instead YOU do. But whether or not YOU do, depends on what type of account you have; e.g. none within an ISA or SIPP
Does BCPT.L mean a 20% withholding if kept in a normal brokerage ac? I ask because it's a REIT, but about commercial RE, maybe that's somehow different?
Nice 10% divi rise; yield now a respectable 7.5%, paying monthly. LTV of just 23.7% and weighted average interest rate of 3.6%.
The Board is pleased to report its intention to increase the level of the monthly dividend by 10.0 per cent to 0.44 pence per share with effect from the October 2023 distribution.
Podcast with Tom Caddick of Nedgroup Investments.
A discussion that is highly relevant to BCPT investors...worth a listen..
https://www.realvision.com/podcast/next-big-trade/page/1
Me too. Is there some concern over commercial property outlook maybe?
LSE has this as 4.6% div yield but it is actually closer to 6%. The discount to NAV is over 30% but property values fell 15% in the last quarter.
I think the almost 100m share buy backs were a mistake. Its ok to say they were at a discount to NAV of 20% but they now represent approx. 20% premium to the current share price. IMO It would have been better to let the share price slide and dividend yield increase. Use the money to increase dividend and pay off debt.
I agree this business is competitively valued and has a good dividend (although this is still 20% below the 2009-2020 level).
Surprised not more interest here…..nice base and dividend
The last trading/NAV update suggested a further update would follow in January. Did I miss it?