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The share price is doing well, up 9% in a short time. Unfortunately its putting me off. I suppose there is still more mileage in it personally but Im not sure I want to pay 9% more. It probably a mistake but once you have seen something in the sale its harder to then pay more.
So sitting on my hands with this one now, maybe the "greed" side of my brain has taken over.
TimBob, Im not knocking the regular investment principle, I used to do it myself. Its a good, like you said, cheap way to get more shares and get that compounding going. Even better with steady shares as hopefully they wont move too much just as you buy.
Market back on again, so half of yesterdays losses recouped today. Even EPIC on the up. Not quite what I hoped for.
Gerry, i've only started doing the regular investment when i got into EPIC; typically i got 3 to 4 divis through the year, but with them paying monthly, it's a easy and cheap way to keep building my investment...
TimBob, already thinking about adding a few more, I was hoping the covid news might drag this down slightly.
I dont do the regular investment thing, normally lumping my dividends into the pot to buy another lump of something that looks cheap, normally with a dividend so as to compound it over time.
Gerry557 - retail is very unloved; but it's most City/Town Centre sites that are struggling with tenants. Out of town retail warehousing hasn't been hit half as much... and here is where EPIC is a good buy; the vast majority of its retail is out of town retail warehousing and so, in my opinion has been over sold.
Definitely hold this in your investment ISA or SIPP... and if you don't need the income, set up a regular reinvestment whilst the SP is low...
Good point dalius. Also protects from capital gains.
Hopefully you have this in your ISA and will not lose some dividend in tax if in normal invest account and not in tax wrapper you will have tax deducted
With regard to retail, lots moving away because of concerns etc. Although retail has fallen, I think there will still be a need for some. So the question is when the sale of retail becomes "value" as there are more sellers than buyers.
Shares now ex divi so not long until my first EPIC dividend. Im up for REIT treats
I've also just dabbled with this, but may add more once I've monitored it - it's my first venture into REITs and my investigation began when I noticed the monthly dividends, which piqued my curiosity! My main initial concern was the retail environment, but being away from the high street it does seem to have avoided the worst of the effect of both the pandemic and the inevitable shift to online shopping (which was happening before that anyway). I think that providing you have a mix of types of places people want to go to rather than just shopping ( restaurant & takeaway / gyms / experiences ) then it has a ready made defence against online demand. I hope I am right - I'm just testing the water, and also wanted to make the board a bit louder!!
A rare REIT treat. :-))
Hi TimBob.
Mainly the reasons why took a first bite. I had a limit order on TOWN but they started buying back their own shares and the price spiked 15p or so which put me off. Probably shouldn't have but it moved well away from the order when I came across this.
I was hoping we might get a bit of a market dip but the "reopening" seems to be limiting this. I suppose it should help those that pay rent so maybe OK.
As for quiet boards, I'm on a few so usually chat to myself. Others like lloy get inundated and so busy you can't be bothered reading and you can see the wood for the trees.
A good solid share pays a monthly dividend been topping up as think the share price will rise. With Nav at around 84p hopefully will start to see the share price climb closer to the Nav price over time . i also hold BCPT as well another similar share to EPIC welcome aboard the REIT gravy train
Gerry557,
welcome to one of the quietest boards on LSE! EPIC is a great REIT and if you look at the major shareholders, they are all your usual suspects. I personally think they are better possitioned in the market, with the vast majority of their retail in out of town locations where demand is still high and occupancy not an issue.
On this, i feel the SP has taken too much of a battering than it should have! With a SP of over £1 before 2020 and covid, i think there is still some great SP growth potentially as well as a great monthly divi which also hase growth potential.
Bought some of these today as a first step. Had not come across these before although I hold a few other REITs
Monthly dividends is unusual but not unwelcome, a bit on the smaller side so individual properties and or tenants might make significant changes, positive and negative.
New income steam from Haddington and a year end dividend review to look forward too. So will have to keep a closer eye on this now.
· progressed the development of Haddington Retail Park. The project remains on time and budget, with completion anticipated in June 2021;
I am guessing we'll hear about this in the trading update as well
... otherwise its great to get monthly updates on rent collections
EPIC have indicated in the latest dividend declaration that there payouts are still covered easily by the current rent collections and that the dividend will be reviewed again at the year end.
At £0.05/annum (7.5%ish yield at the min.) i think EPIC is massively undervalued... at launch they were paying out £0.055 and this was increased to £0.0575 in 2018. Looking at the financials and current rent cover, another increase of 10% isn't out of the question. Making this even more of a bargin!
Tipped yesterday 19th June
Midas verdict: Epic shares are 69p, up from their lows last year but still at a 19 per cent discount to the value of the firm's assets. Existing shareholders have had a rough ride but they can take comfort in the group's 7.3 per cent dividend yield. New investors could also grab a few shares, as the current price does not reflect Epic's prospects.
If you look at EPIC major shareholders, there are some decent funds invested into it... not sure why the share price is not in line with others... Certainly think they are a bargin at the current price... my average buy price is now about 68p, but starting investing in them at the £1 mark and they were delivering a reasonable divi at that point...
Personally think there is lots more scope in divi uplift and also SP... but happy for it to stay low whilst i can keep re-investing my divis lol...
Nothing else to add would buy more but have no available funds
Hi there, I think you’re right,smaller fund and under the radar. Surprised we didn’t see a jump on today’s update as div up,directors buying modestly and looks like a solid set of results. Reminds me of my RGL which have shot up after a similar update. Others I hold like BCPT,SLI,SREI,AEWU,AIRE etc in this diversified property sector seem to have had a decent rise of late whereas all that’s happened here is the spread narrowing! I have added a few more recently and today mainly for the monthly div which apart from the obvious irons out the ex-div drops and similarly to BCPT on income,you hardly notice they’ve gone ex till the div arrives!! GLA
EPIC seems to be under the radar in comparison to other REITS who have moved up sharply in recent times. I like the monthly dividend EPIC offers and managemen seem very confident and competent. See today's HY report plus recent 25% uplift in dividend.
Under the cirmcumstances this is a great update - C19 has wreaked havoc but has also presented some terrific buying opportunties. Anybody who bought in here at around 50p could see a 100% gain in the next year ot two plus a very nice and reliable dividend
Thanks Cleeve... i think there were a lot of signs that an increase was coming; and whilst i thought they were going to announce an increase, the over negativity in markets and news made me think it might not be until later in the year...
25% increase is a great figure and to be honest, more than i was expecting this year!
Good estimate. Today's RNS says 25% increase to divi WEF May.