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"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."
If i'm not mistaken, we should be getting the latest quarterly update from EPIC in the coming week. Indications are trading and rents remain strong and there has been chatter about another increase in the divi.
I'm still topping up with my divi reinvestment, but it would be nice to see a bit more SP growth...
Added a few more today. I also love the monthly div - I've got a couple of quarterly payers and this every month ( most of the rest twice a year ) so it means I can meddle and tinker with fresh money rather than sell things due to impatience!
I think the price spikes were probably some large buy orders; with limit share being traded, and large volume buys or sells tend to show up as some big spikes or drops...
Next real and maintained share price movement will come with the year end results in my opinion; there is strong sentiment that there will be another increase in Divi announced at this time, so will support a higher SP.
I love the monthly Divi now... it's just nice to see the money come in and no real effect on the SP...
Well the 80p price spike disappeared by the end of the day and might have even ended the day lower. Another "spike" early today. Is it going to follow Friday. Im not going to try and work this one out.
Well something has let the cat out od the bag this morning! Some big buyer or news somewhere, Im not sure but its not helping me get any more but a second divi payment helps.
I could get used to monthly payments.
I'm guessing that LaSalle have decided to move away from UK retail; they are a global organization, so probably think they can make more money elsewhere on the globe.
Looks like a good investment for us share holders; even with a reduction in some rents (which is possible) your right in saying it'll still be better than the rents that they were getting from Tesco's for the store that was sold recently.
EPIC are focused on the Retail Warehouse market, something that isn't as much as decline as high street retail; unfortunately a lot of the markets don't discern between the two!
by the lack of comment on the new purchase, Springkerse Retail Park, Stirling, for £21.85 million, in an 'off market' transaction. "The price reflects an initial yield of 9.54%". I wonder why it was sold to begin with if its that good.
Apparently it has a Pets at Home. They were looking to cut rents recently so Im not aware if thats the case here.
It should mean an increase in income over the previous Tesco store now sold. Most REITs are moving away from retail, this one toward. Hopefully they can find some gems in the rush to exit by everyone else.
Retail warehousing has been treated the same as general retail in terms of valuations by most of the big agents; therefore YES i think undervaluation's across the board... sooner or later they will see this and valuations on retail warehousing will hopefully increase and help mover EPICs NAV up and help support some share value growth...
WheelieDealer
@wheeliedealer
·
7h
#CREI sold a Retail Warehouse in Galashiels for a 67% uplift on June 2021 Valuation. Perhaps a one off or does it suggest undervalued across the board? Anyway, SharePad has CREI fwd Dividend 5.3% rising to 5.8% - nice. I don't hold.
Hi TimBob - it's always a difficult one to call. All things being equal, one advantage of the sell/buy route is that you get your pseudo 'divi' sooner than having to wait for an actual payout date. However I still tend to just wait it out!
From my limited time watching EPIC, I would agree that it seems fairly unmoved around ex-divi date. 1/12 of the overall % then the movement or impact may be hard to spot amongst the natural day to day trading.
Hay Loggy, im with you with the sell off side of things... i used to invest heavily in the UK Newbuild market, timing sell offs in line with the exDiv date and buy backs at a later point... helped me make more than the divi, but it was a lot of work for a bit more gain...
Most the time, the SP would end up back where it was pre exDiv at some point, so probably just made work for myself...
With EPIC i dont think the SP moves as much with the divi pay outs as its monthly rather than once or twice a year...
"I struggle with the sell side of things"
I've seen lots of discussions about the pros and cons of dividends - and one of the pros for me is exactly the above. For me, I prefer to have 'fresh' money to invest even though the company paying me has the burden of a large outlay of cash thus reducing its value / MCap by the amount paid out and dropping the SP. I also don't like selling and having to time a market to get the best price. I prefer a more passive involvement!
Hi Loggylogbot. Unfortunately this came across my bows recently and a buy was initiated pretty quickly without too much research. More luck that any special research although I do have others in the same arena so it wasn't totally out of field.
I struggle with the sell side of things, so the income resolves that side for me as I only have to concentrate on more buying from the small "effective" sells that is the dividend. I was hoping this would remain under the radar a little longer but realise that the big seller looks to have sold. Maybe I should be looking at why they sold?
This impulse buy has, at the moment, done well. Maybe I should be more impulsive or look at the person who pointed this out to me a bit more
Hi Gerry, it's the pyschology side of investing gives me lots of headaches!
I can do the maths many times over but the trouble is, whatever decision one makes can pretty much always be bettered with hindsight... I have started doing more planning now. Although I tend to accumulate shares rather than trade them, there are some instances when I have to make a decision and specifically *planning* to swap share X for share Y when ( if ) share prices fluctuate to certain levels ( obviously taking it that fundementals remain the same ). This makes me at least feel like I have some type of control! Previously I would be a little bit too recactive. Even though the unbeatable hindsight still always wins out, it means I've at least thought through my decisions and can't blame it on impulsiveness!
LoggyLogbot.
I think I focus on the now too much rather than think where we might be in say 5 years time. Now 75p "seems" expensive even with a 15% discount. Hindsight will probably say you shudda just sucked it up!
True Gerry!
I use a small broker called iDealing - to be fair my biggest issues for late payment have both been with a couple of more obscure overseas stocks so it may be down to those rather than the broker ( who have been generally decent and simple to use over my many years with them! ) so maybe I shouldn't have had anything to fear...
EPIC has gone above 75p now - I'm only really keeping an eye out on SP movement as it's a pretty new investment to me. It's meant to be a long term hold...like you I'll probably only add on cheaper prices, or div% increase based on SP.
LoggyLogbot, or last years price!
Well I have received my first EPIC divi but haven't bought any more as the price rose, then kept on rising. Its doing it again today.
No problems with broker payments generally who do you use that causes you an issue.
That's me in for quite a bit more now.
I wanted to look at this one more thoroughly, and having done so I'm fairly comfortable with investing. Agree with Napalm below. Also I put in a small amount last month as I wanted to test the water on the speed of divi payment via my broker (as I sometimes have the odd issue) but this is absolutely fine.
Just a shame ( for me ) I couldn't get in at last month's price!
What a fantastic job the BOD are doing here
Clear communications
Director buys
Managed expectations
Healthy divi's
I rarely write on BBs where I hold, but this really is a great way to run a company. long may it continue.
Well i started buying into EPIC at £1.04... Luckily my average buy is now £0.56 so overall im up a nice amount... Think 80p is a very real valuation on the SP. NAV is starting to drift upwards and is currently £0.87/share so 80p would still be at a discount of 8%...
Renting income is still consistent and more than covering Divi and Debt and there has been clear signs in statements that there will be another increase in the divi at the end of the financial year (which i believe is sept?), which could help push them higher...
True. I did similar thing to hzm at 1.5 and was forced to buy most of it at 4p :(
Thechukkers yes you are correct there are many perspectives. I suspect in time 80p might look cheap. I remember watching PNN drop to 631 and waiting for it to reach my limit order set at the nice round number of 630. I refused to just hit the buy button because of a penny Then it drifted up and away. Hindsight is always great though and I have probably done the same again here. Most people would be happy to be 10% up in a matter of days.
Yeah the risk/reward always increases as the price goes up. So makes sense not to add more.
Perfect stock to sit on your hands with given the massive div yield
Or to put it into perspective its up 50% from february
or 14% down from pre covid levels and trading comfortably under nav.