Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
To provide shareholders with stable, long term, inflation-linked income from a portfolio of Social Housing assets in the UK with a particular focus on Supported Housing assets.
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Decided to dip my toe back in here at 47.4p. Even if the divi does get cut to 4.7p that will still be 10%. If the sp falls further I will add more. Like CSH I see this as a possible takeover target.
Ditto FF....Got in again at 48p long term hold for me with the chance of a takeover....
Crazy NAV price even after being 20% loss on book value.
It's around 87p NAV now and under 48p to buy.
Crikey I've bought 100000 more today, 27 yrs to stay invested till I retire, sadly for others well burnt here, new investors great poe.
Got to be buyers n sellers-losers n winner how game is played.
Does always say you can lose money or all your money in shares buying warning.
Again it's paper losses or profit till you buy or sell then it's loss or gain.
Mr pjb could you not sell up buy back if you get same amount of shares ect, then use losses on your tax returns, rich do it often.
I can only conclude that you bought recently or that you have Stockholm syndrome. If you bought recently, brace yourself because by your own words your shares may only be worth a crown each in a few months. If you bought two years ago like me, how can you be happy with the current situations? They didn't even sell the houses with delinquent tenants, they sold income producing ones! Maybe you are secretly some employee doing damage control for the mothership?
You should have planned for a 50% drop because REITs track bonds and interest rates were at an all time low, so any raise in interest rates would cause REITs to plummet. Just chill out and stopp worrying about the book value. You're still getting your dividend and you still own X amount of shares.
Well hopeful118 you chose your screen name fittingly because if one has to prepare a 20% income loss contingency plan the long term contracts look sketchy at best and the property valuation on shaky grounds. I didn't prepare a 50% capital loss contingency plan because I trusted this company but there's no pilot in the plane or maybe it's the one who disappeared with that Malaysia airlines plane.
You need to chill out and stop spending money you can't afford to lose.
The stock is based on property with long term contracts. The 20% figure is called a contingency plan.
Agree with both your pragmatic financial assessment and your political beliefs Damo.
My other half works in social housing and the situation is really bad. There just simply isn't enough housing being built. The NAV drop is a blip IMO and will correct in a few years.
I would add it is mighty suspicious the price dropped BEFORE that backstabbing RNS was published. Some people knew.
Thank you for your honesty John. Unfortunately I have only myself to blame, it would all be easier if I could point the missus to an advisor. The fact it is supposed to be a responsible, stable, socially positive investment makes being manhandled by the market in such a rude way unbearable.
I have a couple of clients in the same boat as you, JPPoubelle. I told them that this was a “sure thing” at 105p and to go irresponsibly long on it, now they are calling me every day asking me when it’s going to go back up. I ask them “how long is a piece of string”. Has been a real thorn in my side whilst I’ve been on the golf course this share. Thankfully I charge fees and it’s not dependant on performance. I think this will come back up, but whether or not it will reach the dizzying heights of 70p again remains to be seen. I will just have to keep telling my clients that our nanny state will make sure these people are well cared for and the funding won’t dry up, don’t want them to go to another advisor!
Average down? Things are already tense with the wife due to this malinvestment and cancelled holidays, and you want me to double down? I just hope this stock can bounce back to 60p so I can unload all my remaining shares at a better price. If I sell now for 50p and it bounces back I would sooner head for the nearest station and jump on the tracks.
Divi is paid tomorrow reinvest and average down....That's what I'm doing.....
This is even worse. We have double digit inflation and 4.5p would be a pitiful yield on my buying price. I feel like crying and I'm a fully grown man. I have no words, no words
Poor investing lad, never have more than 5% exposure to any stock.
Oh dear, they are also preparing you for a cut in the divi from 5.46 to 4.5p.
Oh dear they are now preparing us for a 20% drop in revenue..................................watch this space
FALCONER how money makes money? I lost half of my money on this turd and it keeps on circling the drain. I should have sold everything like I wanted instead of listening to you people. Who knows some may have a vested agenda in me not selling so they can sell first, or buy my shares even cheaper. And SD235 is right this is even worse than regular housing, they have intellectually disabled people in there who may have mental crisis and break things or paint with their fingers on the wall, the works. In my hometown there was a guy, the loner type you know, not all there, and when he died they found out he had covered the floors with dirt, like if he lived in a mud hut, but the guy was a local guy. Who knows what happen in these houses? I wanted to help society and get back a bit of money for my old age but in the end I've been rinsed dry. And I'm too old to earn that money back all over again. All the while the directors live high off the hog. I'm incensed.
Cheaper shares more divis hope fully the, I've 27 more years yet then cash out and me n Mrs are having 5 yrs world travelling.
As my pops says money makes money makes money
Punters
"Falconer, property prices are falling and probably will continue to do so for the foreseeable with a further rate rise being touted. That means the NAV here will fall - not good"
SOHO is not the definition of housing. This accommodation for the disabled.
They are not valued the same as housing.
Silly to think they are.
Sotonspike,
Took a look at "Dec" done 8 hours fast research very decent, divi sound, bought, missed this one, I have about 10 portfolios running keep avg 15 shares company's in each.
I've put in my under a pound share portfolio, I let em run 5yrs reinvest divis, then evaluate.
Cheers soon... FF
Hi FF I had a quick look at foresight there charges are a bit high 2.24% according to Hargreaves....Might be worth having a look at DEC and SDIP both pay high dividends at the mo...As always dyor
Been saying this for ages lad, I'm a big holder and went bigger into this, those mid priced 46p shares I bought are bargains, as before I'm surprised this company's still not in private hands.
Another I'm in is foresight solar fund(not recommending or giving advice), but divis great, maybe have a look.
Jpp; saw your post suggesting a 50% loss in 2 years... I'm the kinda guy who wants all to do well, and whilst their is inevitably than someone's gain is someone's loss, I don't wish I'll, a loss on anyone.
I unreservedly believe, that this will rise towards a £1 within 2 years, and higher beyond.
Stocks such as SOHO, Civitas now gone, PRS are providing a service, in a housing (rental) market in demand, that is filling gaps in such provision, but doing it cheaper and better, and with better quality home environments for it's tenants.
I am invested in many diverse, esoteric, politically impacted stocks, but I can think of none more misunderstood, and underappreciated (hence undervalued) as the arena SOHO is in.
Personally, ideologically, I don't agree with what SOHO do, which frankly, is to profit from those less advantaged. But pragmatically they do such whilst delivering our current govts belief that market forces, companies deliver best, and the reality is in the chaos of vision, direction and application of this, and too many preceding govts to plan and deliver such coordinately and efficiently, the ad hoc, small scale provision has been both poor and expensive, and SOHO has allowed them to politically extol support for vulnerable tenants, sav d their political bacon, because SOHO provide better accomodation, cheaper accomodation than than ad hoc suppliers/the govt itself.
And within that govt mantra of free marketism, SOHO will never go bust, on the simple understanding, that it would be cheaper for the govt to bail out/buyout SOHO than let it fold.
I have lived in supported/vulnerable 'housing' - I once was homeless. And 30 years ago, I lived in a divided up room, that was no bigger than a prison cell, and the cost then was £300 a week. Therin is the reason why with a couple of years patience your losses will be eradicated. The lack of govt provision, the elevated and guarenteed levels for vulnerable people, for those filling that provision is guarenteed by political necessity, mean that any provider, SOHO or otherwise, that provides ANYTHING that is more than than still prevalent almost communal cell size 'home' will thrive.
SOHO aren't brilliant, don't provide what I personally feel should be provided, but their offering, is like a Malibu beachfront apartment in comparison to the provision that is currently available. In that disparity is both growth, and profit, and growth in profit. Hold tight, SOHO will set you alight.
A well reasoned post Damo....