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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I've recently bought in here, having watched for a while. I'm generally a value/yield investor, and a hold and forget kind of investor. Take me time, do my research, and wait for my often contrarian views to realise.
I have a very deep and personal understanding of supported/vulnerable housing, and this shouts bargain currently.
Whilst, personally these type of stocks aren't perfect, to me, in how as a society we make housing provision for those vulnerable, with supported needs, homeless etc they are filling a gulf of a gap, and as such have protected qualities.
I see much here on concerns, in the current uncertain inflationary times as to property / NAV realisation, dropping, but on a long term view that is to misread the value of the supported (rental) income. In the short to medium term, a 20% drop in housing prices wouldn't negate the security of the income (source). It would need a housing crash to precipitate a failure of SOHO that I see some suggesting here. Yes, the rent defaults are a concern, but in the long term, the need has not changed/diminshed, and a short term hit will be quickly replaced by new tenants/income.
For me the fundamental driver of my investment, belief is economics. If we take that the state would pay the cost of a low income/unemployed weekly rent capped at £100, for those in vulnerable/need categories that rent would be capped at £200 whereas there being in supported housing (care home/mental ward) would be costing £400. There is a shortage of provision/availability in all those areas, hence SOHO sitting in a sweet spot where they are generating healthy secured rentals yet covering over the cracks of govt provision/direction whilst saving them a fortune.
Property prices will rebound through their mortgaged costs, whilst all the time, the need for SOHO'S offering will grow.
And their reduced cost to govt, their improved quality of provision against say that by the Salvation Army/private individual profiteering local operations of £48 a night in a Northern town will always provide tenants, provide security of predominantly enhanced rents, and profit.
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.
In the usa yesterday, reits were downgraded, same time it was released, we took a hit, 88.9% rents paid on time to soho, no need for us to take a drop, but as all things some big buys went thru mm, s books.
Regional REIT has had bad results today and cut its dividend. That's probably the reason for the SOHO drop - especially the day before ex-divi.
So seems with ex divi wens day, MMs dropped it early unless was it ex divi today, best watch for a rns then,
I've dry powder ready for wens day ex divi drop looks like my next buys 4p cheaper.
Bit strange on 37 trades at present such a weird sp. Or who they letting in, fgs best not be a skeleton leaping out cupboard.
As before I getting £7000 dividend every 3 months and another 27 yrs before I retire. So still happy days for me, begging for sub 47p hope not tho but markets go up down down up..
As long as the dividends keep coming I'll keep buying.
Reason BR sold, not just this share, BR board as just OK, d that there merging loads of there funds in to a lower number, think it said 12 funds being merged in to 4.
All the selling was for Re balancing the said portfolios.
Nothing else.. So 1 in 1 out.
I get £7000 divi every 3 month.
Sound company ripe for TO.
JPP.....Think we all feel your pain I know I do if you saw my losses on LLOY,VOD,AV,LGEN amongst others it would make your hair go curly.....It's only a paper loss if I sell I would lose a load of money, Am planning on retiring next next year hold a hefty amount in isa's to supplement my pension, all divi's are reinvested......I did venture into the AIM once you can make a lot but you can lose alot my advice is stick clear of that.....
Difference between this and bitcoin is that triple point owns actual properties that people live in whereas bitcoin is just a number that nobody actually needs.
I was replying to hopeful118 with that bitcoin quip, sotonspike. I don't touch it either, this is just a hoax for NEETs spending too much time on their computer. I can feel you are a good guy and an older shareholder like me. Truth is, I put my money into this stock because I figured it should be stable and a good thing to help provide shelter to these intellectually challenged persons as nobody care for them otherwise. A real win/win deal. Little did I know I would be taken for a ride. I get sick in my stomach just looking at my stocks.
JPP...Not sure if your last message was aimed at me? Anyway if you hold 20000 of these that will give you well over £1000 in dividends each year...If you sold up you would not get that return from a bank or any where else without more risk,,,As for Bitcoin wouldn't touch it with barge pole my reason it seems like the Emperor's cloths to me....Sure some bright spark will tell me that Bitcoin is the best thing since sliced bread...Each to there own I guess....
"If you can’t stomach 50% declines in your investment, you will get the mediocre returns you deserve"
Charlie Munger
You've lost based on the valuation but the company is still doing fine and therefore I see no reason to sell. Selling now just locks in the loss.
Sure, just lost half my money in 2 years, and the dividends on what I sold would barely pay for an evening out with the missus. Are you a bitcoin investor?
Sorry if I came on too strong but I needed to vent off my frustration, it's been two years to the day that the stock went into a tailspin and I've been holding on for dear life. When I read the report with the measly 4 properties sold, Parasol still mocking us, collect not improving at all, it was blowing off steam here or buying a new computer. I've sold 10287 shares, still 20000 to go. This turd is going to keep spinning in the bowl all the way down to 40p again, and I cannot accept this kind of financial abuse as a working man. I won't take this lying down.
What's the problem here? Seems an extremely stable investment.
Think we’ve found out why blackrock have been selling!
JPP....I think Wish makes a valid point I could rant and rave about my losses but no one held a gun to my head when I choose my investments. My guess is you brought above the £1 mark but you must be doing well on the dividend 4-5% just hang on as I'm sure this will move in an upwardly direction over the next year or so....
JPP........If you care to read my post on the 1st sep. you will see that I am only too pleased to have money invested here and look forward to excellent returns going forward. By the way,I think real men would just cut their losses and quietly move on,not leave making a scene and badmouthing the company.If in a couple of years things havent turned out as I would have wished then that is exactly what I will do.ATB wish.
I feel a hint of unnecessary sarcasm here, Mr Wishihadnt-Bought. Well, it's too late for wishful thinking, real men know when to chew their foot off to get out of a value trap, whilst little boys die of thirst or gangrene wishing their life away, cracking wise. Since I'm generous, I'll assume your comment was sincere and you are one of the three real men who recommended my message.
.....Oh well,goodbye and good luck with your future investments!
After this morning's report we all found out what a dog lunch this company really is! Arrears are piling up and the rent collect went from bad to worse : 88%!!! I'm selling in disgust, the board is living high off the hog while I have to worry about the safety of my investment. Sadly most directors only pay lip service to fiduciary duty these days. Oh well...
Yes, FOR ME both the divi and potential capital gain are attractive on a modest position within a well-diviersified portfolio. I'm just highlighting what Mr Market is thinking...
Well said Wish my sentiments entirely.....
......because there's a good chance of a 50%+ capital gain here over the next 12-18months! I cant recall NS&I etc offering a product with that potential.Each to their own,but I am willing to take that risk and if I wasn't, I wouldnt waste my time posting on this board!