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Yes, Gerry I meant Target Healthcare. I still like their proposition. Upscale retirement properties. We wont be short of older people any time soon...
Gonsan did you mean THRL (Target Healthcare REIT PLC).
Gonsan, yes most REITs being hammered recently, SREI is probably next in line for an addition now this has been upped. Can't find TGHR
Trying to ignore the share price, as long as the dividend can be mantained!
SREI, TGHR, EPIC, all my reits between 18 and 30% down... not nice but if the divi is mantained I would not be unhappy, as you say the reinvestment would be cheaper and the cash flow higher...
Oh well...
As I had dividends available to reinvest and a "free" trade I have added a few more this morning. This is slowly getting up there %PF wise. As for performance, well it not been great but it does allow me to acquire more cheaper than the last lot.
Hopefully bigger dividends at the end of this month will help and an even bigger one to come the month after.
Probably a good idea but for me seeing the dividend increase would be a better measure of success. I think the annual report is due in December. Anyone fancy an early Xmas present.
Mr Market getting to grips with "changes" so might get more used to them. The share price ticking up a bit but there is always next week.
think these might keep floating up and down for a while, I'm just topping up as and when I can.
To be fair Mr Market is dropping too. Quite big dayly drops at times. Something staying flat is now "good".
The SP did drop back to the 66s, see I should have waited. Still not too long to get a bigger divi back. I wonder how low and how long current events will continue. Probably longer than my pockets
As much as I don't like to see the asset value drop and or the SP, its a great opportunity to top up if your looking for a long term asset growth and decent Divi.
Fingers crossed the board have got it right with asset acquisitions... they seem to have got it right in the past, so im hoping its "an inspired decision"...
They said they had a pipeline of potential property deals that they were following. Committed rather than a distressed seller I think was the term used.
As I didn't get my 66 pencer's, I decided just to buy some more for the 7%+ yield. Although with the spread it would have been more like 68p ish. So it looks like I've lost just less than a penny.
Im might have to switch off now cos it will upset me if they fall now and it hits that price.
As the recession takes hold (and it almost certainly will if they want to bring inflation down) asset prices will be driven lower. Looks like an inspired decision by the board to hold off buying........ Or maybe just luck haha
Saw the SP had dropped into the 66s. Decided to buy some more but the process didnt work out too well. By the time I took corrective action the SP had risen a tad. Now Im a rabbit in the headlights, waiting to see if I can get back in around the 66s but watching it continually rise towards 70p
Thanks TimBob.
I cant find much about it although I haven't looked too hard.
SP jump looks like it was down to a planning application; site in Scotland - conversion and modernization which should deliver enhanced value on the current valuation of the property portfolio.
Still no news on asset purchases, but guessing they will be holding off to see what happens with the wider economy and or use it as a negotiating point to drive down the price of anything they have been looking at
What happened around 3pm as this took of a little bit. Maybe I was right to remove the limit and press the buy button.
Mr Market didn't seem to jump so it looking like it was this specific. My other REITs were generally up a tad but not like this.
Maybe others thought it was worth a buy. Still there is always next week and something else to worry about.
CLI is CLS Holdings, part Reit.
I decided to cancel the limit order and press the actual buy button instead. Scared to miss out but just realised its ex divi. So win some loose some.
BTW Which CLI? Curious.
Well I have added another limit order here but it looks like its getting further away from a buy as the day gone on.
I have also topped up CLI and SREI both on large discounts. I might have also sold some CLI as part of the tender offer but wont know until my account is updated how much I will be scaled back. So probably bought back the ones Ive sold.
I will probably look back in hindsight and wished I just pressed the buy button at the time and not done the limit.
Fingers crossed for a bit more of a drop
Hi Gerry, i also hold SREI, a thrid of what i have in EPIC, but now with the discount and the over 7% yield (assuming it can be mantained) i will be topping up SREI to bring it up to 2/3rds of EPIC.
My only other REIT is Target Healthcare, already 2/3s of EPIC. But this has only a 3.5% discount vs. NAV, compared to the huge discounts in SREI and EPIC.
I have been reinvesting some dividends. It was a toss up between these or SREI. The latter has the bigger discount but has been topped up.
So I obtained some of these today. The monthly dividends are handy. Do we need to be in before st ledgers day?
I’m a big fan of share and continue to top up. The discount is high, the retail park sector is solid underpinned by solid businesses. One day the dividend might increase!
Well, i just increase my position by a 50% - It might be silly, but i love to see monthly dividends coming in.
Agree with Operastar on this; share price was down due to the lack of movement / news on the reinvestment of funds received following the sell off of the offices and other non-retail assets.
They had said locations had been identified and new would follow, but if they are being super savvy, then they might be trying to shave more off the price.
Still think the anticipated Sept Divi rise will still come, but might not be as much...
Sitting on a lot of cash for no return and expected increase in divi due September now unlikely. Meanwhile, return at 6% + pretty good for those of us with patience.
Yes . Rather worrying Gonsan. This is my first forry into the property investment market so I am not an expert ither. Mention has been made that the recent proceeds from the sales of offices and leasure have not been re invested as expected. However if we are entering a recession , then property prices may be dropping and the BOD will be waiting to get the best deal on new purchases. If so, this is quite prudent I think. Also an opportunity for us to buy more shares!