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Please excuse this question if it is really basic stuff, but I notice a lot of REITs have their last 'actual' NAV as 31/12/21. Looking at EPICs accounts, this was declared in February. Is there a given date on which the new NAV for Q1 will be declared?
Epic update their NAV's quarterly... so they were reviewed in Sept 21 and reported in Oct 21, then again in Dec 21 which was reported in the trading update in Feb. They have again been updated this March which we should get an update on them shortly (some point in april).
The company investors page shows that the other NAV announcements will be in July and Oct...
We need the funds from the sale of offices reinvested before we see any appreciable growth in NAV, Share Price or Dividend
An RNS has been released today which includes an updated NAV.
V. Good trading update in my view.
Excellent RNS, underrated by the market, I’ve added today on this basis.
I'm in with you Slik, been in here for quite a few years, started at round about a quid and was happy with the div - Then bought on the way down and now adding on the very gradual way up - I'm even happier with the div now
100% underrated... i'm like Risk... started buying in at the £1 mark and topped up as they dropped... started to sell off when they went over the £0.85 mark (just to materialise some of my gains and spread my risk), but started buying again below the £0.80 threshold. Divi is good and market expectations is they will increase this when they have secured property from the office sale... fingers crossed its sooner rather than later...
Don’t see how you can go wrong with this, 0.5% per month div, significant discount to NAV, possibility of capital appreciation, buy some more if it dips with market sentiment.
Hi how do the costs impact this. Surely this can’t be right £355 for each £10k invested (3.55%). That’s a huge chunk of the 6.43% yield (google finance)
https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=packet_fund_unit_doc_priip_kid&docid=4b80e7e9-4c0d-469e-b253-ed28b9494d89&user=f6hJ47zYjMq2yu3ynygFCy7X9ogBuGZEWHz5Z6BJGq8%3d
Usual caveats,
Trek
hummmm... thanks Trek for pointing that out. I bought 5K GBP as I was looking for Reits that made sense to me.
I do not know how I overlooked that cost point, I can not remember having seen a cost that I thought abnormal.
This is what I got from HL and the FT when doing a little research :
https://markets.ft.com/data/investment-trust/tearsheet/profile?s=EPIC:LSE
https://www.hl.co.uk/shares/shares-search-results/e/ediston-property-inv-co-ordinary-1p/share-research
I guess I need to up my due diligence, as I see in another part of the HL website that costs are 3.45% similar to your factsheet of 3.55%
It makes no sense to me... I might need to write/call them to get some more clarity
Almost half the 3.45% figure comprises finance costs i.e. the cost of borrowing . “Ongoing charges” in the latest annual report, which do not include finance costs, are 1.4%. With gearing at 35%, it’s not surprising finance costs are significant.
Cheers
C