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A great set of results today by the looks of things.
Now sub-100p ; I find this mystifying. European economy, despite Russian aggression in the East, is bouncing back strongly from pandemic restrictions. Big discount . Where could the floor be?
I queried this with Sharepad and the reason is that it is a sub-share of BOXE (where divs are shown). Just thought I would post this in case anyone else was wondering.
It may be inflation worries or uncertainty about the euro, but I wouldn't worry about it. The value will be realised sooner or later, and in the meantime there are the regular dividend payments to help you sleep at night! The new acquisition in the Netherlands seems to have kickstarted the share price a little. Each new acquisition moves the company further down the risk curve.
I have to confess I don't really understand this share price. Results are strong with positive change in NAV, and profits, and dividends, and the portfolio seems to be extremely well managed. Yes, there have been a couple of share placements in the past 6 months but these have been invested quickly into good assets. The share price performance has been awful though - The share now trades at a 7% discount into the hottest area of property (BBOX at 23% premium) and a yield over 4% (BBOX below 3%). Any thoughts on why this might be, because I'm at a loss to understand!
Just an FYI. If anyone has an account with AJ Bell and has their Trixtax Eurobox shares set up for dividend reinvestment, there appears to be an issue. It seems that dividends received into AJ Bell accounts are now being separated into two payments, an equity component and an interest component (as per the split in the dividend announcement).
The DRIP automated process only reinvests the equity part now, so you will not get all of your dividends reinvested as desired. They seem to admit this is a bug, but it doesn't really resolve matters. For me this is a big issue as my investment strategy for REITs and infrastructure/renewable investment trusts is the compound through dividend reinvestment. As such, I just want to highlight for anyone else so you can check to ensure you are not facing the same issue. Just to note this will affect any dividend that has an equity and an interest component where they are received as two payments.
Nice results and share price move. About time!
Entered the FTSE 250 today. I'm not sure if many tracker funds follow the whole 250 but it's definitely going to help with visibility and awareness.
GLA.
To be fair to the author of this quite good article he does qualify the 152% figure in the next couple of paragraphs.
He says the consensus is for EPS fall by 152%, maybe I'm missing something but I don't understand where this figure comes from.
Well this has closed below the placing price so an opportunity to pick up some more. Increasingly with many REITs, renewable and infrastructure ITs, it does not make sense to add most of the time as they trade at big premiums. These only fall when they do regular placings (seems to be a couple of times a year). Sadly these rarely seem to include PIs, but we do sometimes see opportunities like this where there is a fall below the placing price that institutions were happy to pile in at.
Yes, thanks for the link Legsofman.
Kaye184, could you elaborate on what you think is wrong? From what I could make of it, he was saying that the the dilutive effect of the new share issuance will be more than offset by high quality long term rental income from the new acquisitions. What's wrong with that?
Yes the link does work thanks. I don't know where his published consensus comes from but it is so obviously wrong I am amazed he just seems to accept it.
https://www.ii.co.uk/analysis-commentary/stockwatch-trust-firm-capitalise-rising-demand-europe-ii521376
Hope the above works ...Try that or if it gets removed put in www.ii.co.uk/ where the xxxx are then this https://xxxx analysis-commentary/stockwatch-trust-firm-capitalise-rising-demand-europe-ii521376
Reading the original prospective from February 2021, it should be 1 new share at £1.11 for every 5 held.
Thanks legsofman, do you have a link to the article?
Bookbuild. Article written on II. 14 Sept....Stockwatch: trust this firm to capitalise on rising demand in Europe. Worth a read.
What's anyone's views on this? On the face of it, it looks accretive, especially the new warehouse build in the Rhine-Rhur region. It will be interesting to see if existing private shareholders are given the opportunity to purchase the new shares, although I suspect it will be Institutional Investors only.
....hopefully keep the momentum up here!
At last this seems to have broken out - increasing all time highs for much of the last week
Good results. Good prospects for growth. Share price responding well - at long last.
Does anyone know the ongoing charges for holding these? I have shares in BBOX which the ongoing charge is 1.3% with HL, but they quote a charge of 9.8% for EBOX! Cannot get a straight answer from HL
Cheers