Roundtable Discussion; The Future of Mineral Sands. 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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Glug glug glug - at this rate it will be back in the 40s
Glad to see positivity and optimism are flourishing on the other board!
51% debt against property at low long term fixed rate isn't much to worry about unless cash flow becomes a problem. SOHO is mostly social rent (gov backed) and inflation linked. No risk here
No Idea if this has been mentioned.
51% gearing... dangerously high?
Average interest rates 2.34
Average length 13 years.
The latter is an excellent reason for owning!
Rns tomorrow, big or something, there's big trades going for lat 2 weeks
Great to hear, credit worthy going forward,
FF thanks for that well reasoned summary yep think you hit the nail on the head with a £1.20ish share price bid if one was forth coming......
My first purchase was 54p with proceeds from Civitas. Have been buying with any dividends that come my way. Last purchase 61.88
The gearing is very high. But fixed at a very good rate for 13 years.
Up 13% will continue to buy upto a 8% dividend.
It won't fly until interest rates peak.
But I think that a discount will remain. I very much doubt that base rates will or even should fall below 3%.
We will see in the case of the latter. Either way presently on a 9% dividend so can hang on for quite sometime.
SS
As a target for me is the NAV is £1.05p.
In my digging we have a home for 16 residents, this as been extended to another 16 residents so 32,they took over further 3 properties.
So I'd be tempted at £1.15p +1 year divi say 8p
I would certainly think at £1.23p
Then again rents increasing and residents queuing up for bedrooms god nos.
FF if someone did bid for SOHO would you be willing to sale letting a 10% go or keep hold? I got in here at 52p but after losing CSH recently would be reluctant to let another reit go...P.S if a bid did come in what price would you accept...
Excellent! At last above the water line + getting 9% div! IMHO the whole REIT area will recover in a 2 or 3 years.
Wow some big buys going thru books, might a rns shortly somebody's accumulating.
Some ones buying, bought another 6000, took 5 hours to fill, them big buys had 1st dibs, 11%+divi and was not that long ago 90p +, been rumblings of. Consolidation in rental sector, soho is under valued imv
Just made my final purchase. I said I'd buy it all the while it's 60p or less. I think interest rates will come down and the price will move fast. Either way I'm happy to get some steady dividends from a something stable.
GLA
Punter, imv recently it's said true book value should be £1.05p.
The nav is higher, there a lot of consolidating in rental, I'm saying a bid MAY come.
This as to be a 1bn buyout the return n divis superb, my self I had chance for 19500 at 43.74p on a deal when book runners took stops out other month. My last buy for 20000 shares took 2 and a half days to fill, tells me somebody's accumulating.
Whole REIT market up strongly today on good inflation number, with TP one of the leaders - good to see! :-)
Interesting sp movement. I wonder if there is a bid in the offing. Something seems to be going on.
FF you did well to get in at 48p...I'm in at 52p like others have said this pays an excellent divi at the mo... I did hold CSH made a tidy some on that when the takeover happened as for SOHO being taken over we will have to wait and see.....
FALCONER-FLYER
48p is an excellent price.
Tasty dividend and great share price growth.
I am only just in profit. At the moment up 7% (today)
Edit 7.5%
Happy to sit this out, as in wait for what appears to be an inevitable share price gain while enjoying a very good dividend.
I emphasise appears to be inevitable share price gain, not a certainly.
Been a buyer under 48p for a while, what return so far, this as got to be a target for a bid approach, really under valued imv.
These types of company's are being out left right n centre lately and pension funds consolidating.
I my book regards sp is at least 79p.
Hi does anyone know what's happening with MySpace? I see on its website that it now has what I think are two nekw board members, so looks like they have a new board as requested by the regulator.
Does anyone know if they have paid the arrears and/or if SOHO will now keep them as a provider.
Thanks
GLA
.......All aboard!, all aboard!.....handcart leaving in ten minutes....only a few seats left.....
TBH I don't want the price to go up. I'd like to just continue buying this and other cheap REITs all the while they offer high yields.
Share price slowly creeping up,more good news! I realise any day now someones going to come on here and give us a very convoluted reason as to why we are all going to hell in a handcart,but for now at least I am just going to enjoy the positivity.A bit old fashioned I Know but let me indulge myself this once!
Dividend held this year,good news!