Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Happy with the way this one going. You’d think Commercial Property might weaken with all the problems interest rate rises might bring.
I’m glad I’ve got these on drip feed. Have a feeling these might make 100 before the end of the year
Some inflation hedge this turned out to be !
The buy back is a support as well. Almost 6M shares bought back this month so far.
Nav of 148p but SP is 26% discount. This one takes patience.... monthly dividend of 0.40p helps a bit.
Latest Update out. NAV at end of March 144p driven by rise in property valuations. Share price should sit north of 120p
Results for 2021, and new Dividend declaration - both missed by LSE
https://www.londonstockexchange.com/news-article/BCPT/results-for-the-year-ended-31-december-2021-audited/15414850
BMO Commercial Property Trust Limited today announces a monthly property income distribution payment in respect of the financial year ended 31 December 2022 of 0.4 pence per share as detailed in the schedule below. This is a 6.7 per cent increase on the previous monthly property income distribution of 0.375 pence per share.
Get investing then, you wont make money just counting it.
Another stonking update NAV up to 135.1p (from 130p at previous quarter). 98% rent collection and sale proceeds starting to be deployed, 6% of shares bought back. Another dividend rise in 3 months on the cards?
BMO Commercial Property Trust (UK, B4ZPCJ0) will be added to the FTSE 250 Index and deleted from the FTSE SmallCap Index.
All changes effective from 31 January 2022.
Nice to see capital being deployed. Logistics exposure increasing, which seems logical in current environment.
Unaudited NAV in October was £1.30 so more to go hopefully.
Should be a trading update next week. NAV should rise signifcantly even without an increase in property valuations. They have sold 2 properties at a £17.5m uplift to NAV at 30th June (+1.3p), share buybacks in quarter should add an extra 1p and revenue should exceed dividends paid by c. 0.3p (allowing for reduced revenue from sales). NAV (before property valuation adjustments) should be around 127.5. Buybacks at 20%+ discount to NAV.
It must also be getting close to point where dividend starts to rise at which point I'd expect a further re-rate.
another return to circa 100p!
Just top sliced about a third of my holding and will buy back on the next dip sub 95p which on current form might be as soon as next week.
BCPT has a solid portfolio but seems to be swinging quite regularly in the 94p to 98p range.
This has given some trading opportunities but I will still keep the core holding long term
Been doing the numbers this week...looks like I will hit my ISA limit sooner rather than later so this may have to wait... I'll either trade into it from another share or wait till next year...see which comes first.
Think it's still under the radar especially with the spotlight on triple point at the moment.
They just sold a good asset at a decent premium so fingers crossed it’ll up the nav a bit and hope they reinvest right….good recovery continues GLA
The website itself would benefit from photos of each property...save investors having to use google earth.
Might ping them an email see if they have a brochure...
Many thanks 54rt. Just could not find it on an initial search.
I'm expecting a rebound in commercial property as we progress through the next few years... more flex working, but office space will still be required.
This would complement my small position in EPIC nicely...although currently the divs for that seem to pay off my monthly account fees so it's a it cash neutral currently.
https://www.bmogam.com/uploads/2021/08/2a64973c59f13a9ee889868cdb55e49d/bmo-commercial-property-trust-factsheet.pdf
Page 2 shows properties valued over £30m
Property sale was £20m - so could be up to that amount.
Hello, just looking into this as part of my dividends portfolio. I like an undervalued REIT, this looks to be the case.
Does anyone have a link to the actual property or asset portfolio, similar to other REITs. I like to be able to review the properties, see some photos. I've done the usual searches, but not unable to find much on their website. Thanks for any help...
Guess I am the only one on the board.....ha ha....nice compared to some of the other shoot to the moon boards
Anyone know how much the buy back limit is?
I see they mention they are using proceed from sale of East Kilbride property but can't see a limit quoted anywhere.
Nice to see the SP reaching new high levels, confidence in this share - can see it a good long term hold.
GLA
Not to mention the monthly yield which irons out the exdiv drops somewhat. Held these pre-pandemic over a quid, added massively during and now in recovery mode and today’s news shows they are mindful of the discount to nav and buybacks are a big topic but in this case I’d say they are seeing the value in buying back stock as like us they think it’s too cheap. SREI by comparison was very actively buying back and it did eventually get the SP back up which makes me think it’s a good idea.
The graph fwiw shows a huge recovery from the banking crisis and I’m thinking as and when normality returns those London assets particularly will bear fruit and those of us adding and holding now onwards will also receive a cracking income relative to risk,not to mention the .35pps was .5pps monthly not so long ago! GLA
Very nice RNS this morning. The fact that we were able to sell an asset at 7.2% ABOVE its last valuation, shows that the high discount to NAV may be unwarranted. The share buy back should also help reduce this discount. What's not to like?