Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Y I'm sure many of us will just sell if we need the money over the next couple months, else we'll just wait for it to clear itself out, can't be bothered with any furthers with it. GLA. We'll need it this winter.
More than a bit ambiguous Gerry. Why can't these people make it clear to small shareholders in simple terms what the deal offers? Is the dividend paid until the end or is it suspended and interest on cash accrued and added? Or any other scenario?
There's always the chance that the offer will be rejected or that another concern comes in for a counter offer. Personally, I've had enough of this dog of a share and have cut my losses and sold. Better used elsewhere in my view.
And so much for the Telegraph's recommendation to buy at the time for income and growth. And you also just have to look at Hargreaves Lansdown today to see the apparent NAV of EPIC is supposedly nearly 81p. It just goes to show what a nonsense these NAVs are in respect of many investment trusts. Either that or the buyer of EPIC is, in simplistic terms, paying 72p for 81p worth of assets, ie an11% discount. Goodbye epic.
Yes I feel sorry for people in your position. If it kept going, there was no reason why it couldn't, then you could have reinvested the dividends at lower prices and eventually come good.
I'm not sure if the 72p is plus a dividend then less the others. It's a bit ambiguous. Anyway the price now has a ceiling and will stay around this ish.
It might almost be worth buying more at 68p for a 72p return in 3 months.
Whilst I'm relieved my losses have been reduced due to these developments, I remain disappointed.
Eighteen months after investing, and then buying more after six months to average down, my overall buying price is about £0.78p. And this is after all the monthly dividends have been reinvested over that period. I'm still 6.5% down on my investment.
One easy way to lose money. Should have kept it in my bank account and saved a lot of hassle. Thanks a lot for nothing EPIC!
I'm surprised they took that offer really. I'm minded to vote against but doubt it will change things when bigger holders have already said they will take the offer.
They should have considered buying back their own discounted shares and leaving to do something else. It's a bit of a cop out. I was expecting something closer to the NAV rather than spin a low point in the share price and claim a premium.
I will take the weekend to review.
This does not look good, I am not very happy about the price but the sting in the tail is the time from completion to liquidation as the dividends paid in this period is knocked off the price less any interest gained from the cash which will be placed in interest bearing accounts. Given the track record of poor interest paid on the cash in this company we need to know what these accounts are and how much they will pay as it is our money tied up for a least 3 months, why can this not be paid out a lot sooner. Also interesting the date set for completion is 28 Sept so will include the Sept 29 dividend in this reduction. So probably 4 dividends taken off the 72p but with some interest added. Also what type of dividends will they be, I assume they cannot be PID, some of it will be interest but the rest will be either ordinary or capital repayment (as being taken out of the 72p), perhaps not a lot of difference but changes the tax calculations and reporting.
I can understand that, I dumped some a little earlier incase sale fell through and share price when down.
Just waiting for ex dividend date and then if I can get over 70p at the time I'll dump more.
I will miss the monthly dividend, I did look into Realty, but as a UK investor thats a non starter really.
Yeah I think underwhelming is the right word. I've actually disposed this morning, mainly because with the valuation there doesn't appear to be much upside wheras I think there are opportunities elsewhere in the market rather than waiting this one out.
Its finally happened. Could be worse, but a little underwelming. At least its not a no sale RNS and a massive drop in share price.
This has got to tick up soon!
Some steady buying today
So from that last Rns it's a sell of the property and then make everyone redundant then divi out any leftovers
Did you manage to get your order
Can't sell on HL -
At anything under £0.70 i think this is still worth topping up on...
Over 70p and im not sure if its a hop or sell at the moment.
US Realty will be looking at this on a good buy with the current exchange rate; they'll probably buy up EPIC and then as the Pound strengthens against the US$ sell up and capitalize on the growth in £.
No RNS but according to rumors, it's looking like US Reality Corp reit is the front runner. Not sure that's ideal but probably the biggest bidder.
So much for SREI. Old Standard Life in the mix but they don't like vowels so would end up calling it a "RT" rather than a REIT
Starting to move up nicely now. Hopefully should get up towards the 80p mark very quickly.
Chart position, recent break above down trendline from January 2021. Rally fading, down to recent support at 66. A large double bottom price pattern has completed , which is bullish, and This gives a projected future price of 80.4, which is also where overhead supply would be expected to impede further rise.
Well if it turns out to be SREI doing the bidding I will be happy to take shares
I see that it is just a couple of sentences saying what has been posted by TimBob.
Just click on the RNS link above
Link please - I can't find it.
Just had a read of the review... if the sale went through, as EPIC wouldn't hold any property at all, it would have to re-distribute the funds... assuming it was a cash sale!
It could be funded by share allocation; meaning the purchasing company would give shares in there business to the shareholders!
Cant see the sale going through at much of a discount to NAV...
Market seems to agree with "closer to NAV" up 10%
Im not sure how this will work. Assuming it goes ahead and all the properties are sold to the third party. I assume the funds will be pooled and returned to shareholders.
So will we get a choice? Details of the scheme so we can vote yah or nay including a timescale. Depending on your average price you might get less back from the offer. Hopefully there should be a return to closed to NAV otherwise why sell.