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I may have posted the odd comment on the IMB board haha - Mainly having a nip at the divi dodgers. They've rallied recently but so have almost everything else..... except REIT's
If you bought in around the 60's well done - I bought some then but sadly was only averaging down......Did your Ex's dad also mention "taking profits" or "taking some money of the table"?
Yes 75% is too high for me now days if I'm honest with myself... hence the switch... funnily enough to IMB. (funny who's tags popped up on that thread! lol). 10% of my holdings are there now, trying to build that up to 20%...
Was told along time ago now (by an ex's investment broker dad) to focus on 2 or 3 shares you can follow... and then a couple of safe bets you can just invest in and leave... Had got like that, but when EPIC dropped below £0.60 I just couldn't help myself and the lower it went, the more I bought!!! lol
Agreed Tim, 75% is a risk - I tend to aim for 5% but will go to a maximum 10% - It's an age thing
Sold... but only a bit; 10% of my holdings (@£0.87 - i got that bit wrong on my prev. post)...
I don't like being over exposed to one Share, and at the moment 75% of my holdings are in EPIC... Happily sitting on what I now hold for the JAM as you put it... the monthly divi is great and doesn't hit the SP as much as quarterly or less frequent divi payments do.
Re-investing the monthly divi into EPIC still but at a lower level than before; still think the SP has movement, but more long term now.
Selling Tim? I'm staying put, I like their strategy and I'm nearly back above water with the SP. The div is jam all the way
Well i had a sell order at £0.8750... and guess what! Only 10% of my ISA holding, but at that price, I've been able to reinvest somewhere else which offers a better yield, also helps reduce my exposure. Still going to be re-investing my monthly divi back into EPIC within my SIPP mind...
New 52 wk high of .86 before close.
It's strange but I agree about wanting it a bit lower for topping up! It's not often you want the share price of something you hold to be slightly lower!
Looking strong for the new year... like a few of you, would have been nice for it to stay a bit lower for a bit longer so we could keep topping up at a discounted price!
Epic Day...:-))
80p been and gone loggy
….in Daily Telegraph this AM.
Touched 80p today which is promising!
Yeah, it seems as though they don't see any issues moving forward which is good... Current divi still looks to be covered by the reduced rent after the £36m sale of the offices; so I get their logic in holding back a divi rise until they have reinvested theses proceeds.
Hopefully the asset managers have a purchase already lined up (which they did last time)... Divi increase for christmas would have been nice, but hay ho!
The loan was just above the target percentage too. Although they don't see it as a concern. It does sound like they want to complete the step change moves before doing anything else.
Averaged SP 84p with a 5p divi (c. 6%) - Happy days for me.
Even better if the SP creeps back up and the div rises to 5.5p
Just read the year end results... sounds positive but I have to admit to being a bit disappointed with lack of movement on the dividend... With an increase in yields, I had hoped that they would have announced further positive dividend growth. Unfortunately it sounds like any dividend increase will be on hold until the office sale has completed and monies re-invested...
Gerry i think your right about moving chairs... some REITs are probably looking at the office sector as artificially depressed and a good time to buy... I work for some Saudis who had been reinvesting oil profits into unloved office space, referb'ing and top floors to flats, but they have pulled all their funding for this type of project as the the yields really aren't there at the moment... Their asset manager is pretty clued up and doesn't think office rents/values will be back to pre-covid levels for at least 5yrs!
There seems to be a theme at the moment with REITs swapping into one type of holdings rather than a mix of holdings. So some are selling offices whilst another buys just offices. Both cant be right.
Unless moving the chairs about is seen to be doing something.
I like EPIC due to the regular divi; seems to have less effect of the Share price, so you don't see some silly swings like you do with others who pay out annually or half yearly!
Used to do more buying and selling to take advantage of price movement around ex-div dates, but don't need to with EPIC!
Not really looked at CLI before, see they've been on a downward trend the past few months... might be down to their exposure to offices?!
TimBob, if it keeps falling I might get some more. Added CLI instead today due to the discount to NAV.
This has the better yield and payment schedule so one day I might swap them.
Well I opened my mouth too soon... its on the fall again, but gives us a bit more time to keep reinvesting!
Don't think they are slow to the party on the retail warehousing... if you look at their holdings, its the biggest slice of the pie; I think they have timed it right to be honest, getting out of offices last year would have been a price slaughter, where this year prices have risen back up... Retail warehousing gives better yields even now, so better for the divi and our wallets!!!
The trouble with it rising is I'm less likely to reinvest my dividend.
I see they sold the Bath property and are looking to do more sheds. Are they a bit late to that party. As for 80p it's touched that recently but I expect any dividend rises will get it there full time
Who else is thinking that EPIC looks on course to break the 80p barrier? I think its coming and from the looks, wont be long!
Tempted to cancel my divi reinvestment over the 80p mark and just start to take the cash; as the yield wont be as attractive (well, unless they bump up the divi again; something i think is coming also; just don't know when)...
Well i was mistaken... on the dates...
But a positive update. I was hoping for a bit more detail on the dividend; especially as they have pointed out specifically the Divi is well covered, and that collections are improving...
Additionally with the increase in yield on the latest purchase (9% compared to 4-5% on the property it replaced). This additional margin represents approx. £1m in additional rent per annum (£0.00473p per share!); so I would hope that we see a proportionate increase in the divi in coming months.
Guess we'll just have to wait and see...
Not sure where my post has gone - try again:
"Rent collection continues to improve and the dividend is still well-covered. It remains the Board's expectation that it should be able to increase the dividend further in the coming months."