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Can someone help here? I own several REITS/property related shares. Cos like BBOX and SUPR and others. I tried to buy SHED on ii today but was told that SHED was considered to be a Complex Instrument and and I have been refused a buy unless I fill in their Appropriateness Assessment Form. The Form doesn't look too much of a problem, but I don't understand why this Co is considered to be so different to others I hold. Can anyone enlighten please. Tks.
It has. Off you go !
Will be buying more. Even more if it goes lower
I have held for a while now and before it moved out of AIM. I sold off other property stocks ages ago but this one seemed to have found a good sector. The valuation is a little down but the market is overall down (panicked even). The SHED dividend is healthy and as long as that stays then so am I.
....SSold a long while back. Lots of possible drawbacks now, like fuelling lorries, inflation effect on purchases, probable defaults of buyers and companies. Some of this in present SP but no longer a sure safe bet.
Index's are all down at the moment. From what I can make out these boys are building up the business and rental income from confirmed sales. I'd rather be in their market than trying to sell on the high street. If you're looking for tech type growth then look elsewhere. Enjoy the" last mile" income and gentle growth.
Disappointing drop after a good run . Surprised at the numbers selling - if indeed they are sells. Worries about cost of living affecting sales and thus warehouse rents/demand I suppose. Any comments?
Yes I did not get all I wanted, but the difference, I should get back. Not sure when though. But I used the money from selling some I was in high profit. Glad as they dropped a lot since and the left over, will use to buy will buy the dip
Scrap that. I got only 90% of allocation. Guess they don't like me as much as you.
I haven't heard from PB yet about my allocation. Did you use PB?
Oversubscribed but I get what I wanted - a full Shed.
To market 07 Dec 2021.
Nothing. Just MMs balancing the stock so as not to affect the price. Happens most stocks most days.
Still thinking about it. I noticed some very large trades after hours today, many of which are @ small discount to the placing price - including the £11m uncrossing trade this evening. Wondering what that means/ if anything?
Put in for a shedful of SHED. I like this company and looks a strong, steady climb forward.
Looks like you called it right
Results look good/fine - but I see another fundraise looks possible/likely in the short term. I've sold out and hope to buy back again if that materialises.
RNS today on moving from AIM to main market. Less of a shed and more of a gigawarehouse business. Onwards and upwards I say.
I lead to believe that dilution not just about the dividends: "Share dilution is when a company issues additional stock, reducing the ownership proportion of a current shareholder." In this case 255m shares may end up being increased by 70m. I'm relatively new to this but I believe that to fair to existing retail shareholders they should have been offered the option to buy one issued share for every 4 owned.
"Singer, Panmure Gordon and Alvarium, as placing agents of the Company (the "Joint Bookrunners"), will use their reasonable endeavours to place the Placing Shares with institutional investors at the Placing Price. " No mention of HL, AJ Bell or ii, certainly not possible to take part via ii. It looks like the only option for retail investors is PB which is no good for a SIPP and/or an ISA (bed and ISA incures dealing charges and stamp duty as well as price risk with ii).
Quite, also if you read the accounts pretty clear the medium term plan is to get this to the size where it's both liquid enough and chunky enough for income funds to take a stake, on the main list of course.
Expect a few more raises before we get there.
"On 9 June 2021 Urban Logistics confirmed that the Board aspires to reach a level of market capitalisation that will justify a move to a Premium Listing on the Main Market of the London Stock Exchange in the near future. In contemplation of a successful placing and assuming no material change in business conditions the Board anticipates a move to the Main Market will take place either with, or prior to, the publication of the audited financial results for the current financial year."
About 66m shares via normal platforms and 4 m via PB. Dilution will not effect divi. significantly as the cash raised will be rapidly put to use and the property bought will be immediately earnings enhancing.
Urban Logistics, the last mile logistics focused REIT, announces its intention to conduct a placing of new Ordinary Shares
("Placing Shares") at a price of 155 pence per share (the "Placing Price" and the "Placing").
In addition to the Placing, there will be an offer made by the Company on the PrimaryBid Platform of up to 4 million new Ordinary Shares (the "PrimaryBid Shares") at the Placing Price (the "PrimaryBid Offer"), to provide retail investors with an opportunity to participate in the equity fundraise. A separate announcement will be made shortly regarding the PrimaryBid Offer and its terms. The PrimaryBid Offer is conditional on the Placing, but the Placing is not conditional on the PrimaryBid Offer.
It is the intention that c.69.8 million New Ordinary Shares will be issued under the Placing and the PrimaryBid Offer at the Placing Price, raising gross proceeds of c.£108 million.
I looked into buying into this but disappointed to see that they are only issuing through PB and not the platforms. I think it shows a lack of respect for existing private investors who have holdings in ISAs and SIPPs unlike AUGM, ORIT, CHRY who have raised money recently and allowed existing shareholders to take part at a guaranteed level. Any ideas why they've done this?
How will this massive dilution impact on future dividend payments in terms of percentages? Worrying as I was in here for the divi.
5% discount through PrimaryBids! They’re issuing over 27% more shares.
Someone bought nearly 400 grands worth in one go yesterday; provides a bit of reassurance over where this is heading. Nice to have a relatively lower risk share in my portfolio.