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Seems generally oK. Outlook improving. Might rise a bit today?
Started: Shahadow, 7 Jun 2024 11:56
Last post: Shahadow, 8 Jun 2024 09:59
Thanks for clarifying.. I was a little concerned and confused .. pity for many that hl weren’t quite as zealous with Woodford!
I got the same message, bit strange as I hold this in II as well but no message from II. Looks like some jobsworthy, tick box FCA generated rule as paper work out of date. Had issues with other brokers on other shares with KIDDs not be available, some need KIDD to buy other did not, sometimes this due to how the broker interprets the FCA rules which can be confusing.
Yep and me. It means HL have decided you cant buy the stock on their platform because someone hasnt given them assurances that its gonna make a sound investment -I think. Never heard of this before and it seems bloody outrageous that I cant buy stock of one I already own because someone else has decided so. Its not like SHED is highly volatile or very tradeable.
Hi all .. I’ve received an email today from Hargreaves Lansdown saying:
“Dealing restrictions have been applied to this stock and they have removed the option to buy until they have received an assessment from the third party provider “
Has anyone else had the same ? .. I’m fairly new to this game so don’t know if this is normal .. or what it actually means to be honest
Started: oldbutnowisa, 12 May 2024 10:19
Last post: oldbutnowisa, 12 May 2024 10:19
....surfing around and came on this again (owned for awhile and sold some while back). Two year chart looks interesting with a top of £2. Recent fourth Qtr results encouraging. No investable cash now in ISA but will now add to Watchlist.
Decent yield.
Started: TerryM1, 17 Apr 2024 10:42
Last post: TerryM1, 17 Apr 2024 10:42
Https://www.londonstockexchange.com/news-article/SHED/q4-performance-update/16426443
Looks good to me, hopefully this will start to show in the SP.
Started: NalaKapala1, 5 Apr 2024 14:34
Last post: NalaKapala1, 5 Apr 2024 14:34
The bid for API would appear to have been one. Spectacularly back fired so to speak.
Started: Krustysmegma, 20 Mar 2024 16:27
Last post: Krustysmegma, 20 Mar 2024 16:27
SHED will NOT be making an offer for API.
Started: InvestorTim, 21 Feb 2024 08:30
Last post: Krustysmegma, 8 Mar 2024 16:56
Suspect the API Board & shareholders will still prefer the offer from CREI.
One thing that could happen is SHED dispose of most of APIs assets (ones that don't fit) at NAV or close to NAV leaving just a few that are a good fit with SHED. This will be like liquidating API (at least most of it) and even if assets are sold below NAV will net a tidy sum as discount is 35%. I just made a decent sum on EPIC liquidation even though they sold the assets at around 10% discount to NAV and put some into API.
However part of me would like to see this go away so the SP can recover but I suspect even if this happens SHED will not be trusted not to do this again in the near future.
I can see the benefit with API...if SHED wanted those assets anyway this could be a cheaper way to 'own' them if API at a big enough discount to NAV.
Started: NalaKapala1, 21 Feb 2024 08:21
Last post: NalaKapala1, 21 Feb 2024 08:21
Looks like everyone was smarter than me
This is starting to look attractive to me, but the things that strike me are:
(1) What is the occupancy rate - how much unrented space do they have?
(2) The lack of dividend coverage (third year in a row that Adjusted EPS is below DPS)
LTV looks solid, but having three years in a row without dividend coverage is poor; it portends a dividend cut. A cut in the dividend will hit the share price, so I think I'll wait and see how it unfolds.
Year closing low of 107.20 hit yesterday. Maybe this is the lowest it will go, as I’m sure this will not dip below a pound. This is an excellent buy below 110p.
Started: Christo4, 21 Jun 2023 09:24
Last post: Jstar, 11 Aug 2023 12:58
Not sure this will dip below a £1. Good director buying btw.
Just reinvesting the divi rather than further top ups as own too much in sipp. But agree good long term plan.
So long as the dividend is retained this is a great LTH at this price. It could well dip below £1 as sentiment is against Comm Prop. I'll be buying at the way down as part of my LT (Income) portfolio.
Well yep but decent mid term hold in my view. Just topped up this morning.
Already seen the market wobble and now raising rates further... Crazy!
Started: carnivalpete, 17 Oct 2022 16:03
Last post: markbantam, 5 Jun 2023 08:27
I was looking at SHED also to diversify my REITs and came up with the same issue on II (Interactive Investor). I can't see any reaosn that SHED is any different to other REITs an as no one has come up wth anything , I assume it is an anomaly.
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.
Started: BarclaysShare, 21 Mar 2023 11:18
Last post: Christo4, 27 Mar 2023 23:07
REITs are divi plays not short term trade opportunities. Most likely they have variable rate debt, which just got more expensive. Could explain the drop but a 4% increase in the base rate doesn't warrant a 40 haircut. Plenty of upside from here
Hope so too. Back in at 122p. Hope its not one of those things that go south for the summer.
Thanks for that, Christo
Rising rates, more risk of companies struggling and defaulting on rent payments. A number of factors but undervalued imo. Balance sheet and income statement from last year was impressive. I will be topping up at these levels
Now down by 26% on my 172p average.
Buy order in at 118p.
Started: Jstar, 3 Feb 2023 09:58
Last post: Christo4, 10 Mar 2023 12:08
Quarterly divis would see me invest heavier here. Maybe email IR and ask? If we both do it might be something the company will consider
Nice tick up yesterday, in this for medium term at least.
Has anyone seen any reference to switching to qrly dividends like other reits? Must have the scale to allow that cashflow soon.. one would hope..
Started: Christo4, 18 Nov 2022 15:13
Last post: Christo4, 18 Nov 2022 15:13
Still extremely undervalued imo. Can't wait for this to get back above 180, although I don't see any reason to sell in the short term
Decent, if inflation starts to dip here and continues to in the USA then decent mid term hold I would suggest...
Started: Christo4, 26 Sep 2022 18:33
Last post: NalaKapala1, 13 Oct 2022 12:31
It has. Off you go !
Will be buying more. Even more if it goes lower
Started: PipeDragger, 23 Jun 2022 09:17
Last post: PipeDragger, 23 Jun 2022 09:17
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.
Started: oldbutnowisa, 14 May 2022 12:58
Last post: oldbutnowisa, 14 May 2022 12:58
....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.
Started: NalaKapala1, 8 Jan 2022 12:22
Last post: WhiteVanMan, 10 Jan 2022 17:48
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?
Last post: Maverick58, 7 Dec 2021 21:55
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.
Started: TDinvestor, 11 Nov 2021 08:16
Last post: PipeDragger, 16 Nov 2021 12:46
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.
Started: PipeDragger, 27 Oct 2021 08:59
Last post: PipeDragger, 27 Oct 2021 08:59
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?