Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To provide the shareholders with an attractive level of income, together with the potential for income and capital growth, from investing in a diversified portfolio of UK commercial real estate.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Finally some action. Nice to see the Divi increase as well.
LSE not showing the RNS's ???
Quite a good update today baring the technical issues with the presentation, more things getting back to normal. Divi increased as covid is having lesser effect. Some wanted more divi but they are playing safe and its still lower than pre covid levels.
So with more buybacks and a better outlook the SP has risen strongly over 13%. Not great for the buyback but still offering 5.79% quarterly income which should rise a bit more in time assuming covid is tamed. My last buy is heading towards sell territory but I suspect I will hold and see if they can get into double digit income yield. I note a few fallers so will have to look at what Mr market is doing to the rest of my shares.
As expected, retail the area struggling to keep up with payments but offset by additional rental income agreements, assuming these get paid of course.
The update looks fairly positive overall maybe I was expecting it to be much worse. The trend in covid not helping much either although shops seem to be better able to deal much better then when the first lock down started. Maybe once some of the zombies go under the remaining companies will become stronger and survive.
Found the following interesting
"The Company has been informed by the independent valuers that the industry-wide material valuation uncertainty clause is to be removed for the next valuation on 30 September 2020"
?????
With the buy backs in place, a good opportunity to add or initial purchase.
Even if it’s just a 77 odd million share purchase scheme.
Ride the rise.
Great to see Board moving quickly and putting our money where their mouth is.Let’s hope they do a meaningful amount.
tickhilltim, I'm expecting a softening of collections over the next six months. CV19 to become more of a player over winter and the economy to suffer again. The Brexit issue is also raising its head too but it too should settle down once we have a direction either good or bad, Just get rid of the unknown.
They are supposed to be better areas/renters so lest see how that pans out. Buyback started so should help a bit too over time ...... unless the share price creeps up too much
We really need to see the rent collection rate improve before getting too excited.Hopefully, we will get the Sept quarter figures early in October.
Isn't that going off script, losing out so the shareholders actual gain something. Normally it's keep issuing more and more shares at the same level and then saying look we have doubled the size of the company (ignore our increase in fees and if you get too uperty we will reduce the rate once we get over a billion)
Next they will be increasing the dividend because they have the same income spread over fewer shares, whatever next.
Issuing more shares to have lots of capital to buy the stuff others are selling off cheap
We might have to vote out this board if they keep looking after long term shareholders.
Great idea from the board.Commercially sensible.Only losers are the fund managers whose fees go down? Never mind.When price goes back up far enough they can issue more shares- on the advice of their fund manager.
Not normally happy with buybacks generally as they always seem to be done when the SP is high and then get stopped when it drops.
Hopefully this will be slightly different and will be done at a discount and actually benefit both company and its shareholders for a change. I think I might actually agree on this one for a change. Proof in the pudding and all that. Should I add a few more too? Off to contemplat.
Any advice on what to be wary of, if anything? - Going bust!
Although I dont think that will happen. With a recession though, many will struggle which could impact on companies abilities to pay and soften rent prices going forward. Im hoping that its more likely that things will start to improve and things will be better than the 50% cut in divis. Hopefully in a couple of years some sort of normality will return.
Its offering a 5% buy yield currently, could it get back to 10% if things go back to normal. SP is at lows and well under 200 day average so I have added some more today. Now just need rents to keep coming in and arrears to reduce and for them to keep some dividends flowing. As rent collection is above divi levels and this a REIT so maybe more to come sooner rather than later
Hi all, am new here, dramatic drop recently pricked my interest and seems to be for obvious reasons in current climate with diminished likelihood of next dividend(s). However, that aside and in the medium-term, looks to be no-brainer if and when dividend is reinstated provided IIs stay put. I did notice profit had reduced over recent years but balance sheet looks strong. Any advice on what to be wary of, if anything?
I note that the dividend has been deferred or might get cut. Hopefully deferred to when times are more settled and the future look brighter. That should give them a quarter to sort some things out
As of late yesterday.
My timeframe is a 5 years plus hold.
Markets hit hard and this now lower than the top up. Often markets recover slightly after big falls and the positive update might help Steady the ship today.
I suspect CV19 will dominate the news for a while and markets will be volatile for that time. Hopefully your pockets are long enough to ride out the storm
Between cv19 and a Brexit no deal being potentially back on the cards, the markets have taken a battering.
They say buy on the dips so I did. My limit order finally kicked in so hopefully will gain some of those increased in percentage dividends coming this way. Is this the bottom? Probably not but the offer is on the table now and if you wait too long you might miss the boat.
For those who haven't see the presentation:
http://www.srei.co.uk/sites/default/files/2019-11/sreit-interim-results-presentation-26-11-2019-v2.pdf
Just read back, at least I had the presentation this time. So some improvement there. How about a webcast so we can see your body language
Just finished with the call. So much background noise and poor quality sound, dont they ever test these things?
Anyway from the underwater sounding noises, I interpreted this as doing quite well and on track. Positioning for the future and expecting a downturn of sorts. Relatively low LTV and a pot of cash ready to deploy.
The pre announced divi increase is always welcome but strangely I cant see the annual amount in pence for the divi going forward. I might have to contact them direct just in case my adding on the percentage increase is a few decimal dots out.
I suppose I could have missed it if it was announced
I got mixed messages from the update, yes some new business but it seems there is still much left to let. Is that a positive as they have scope to get more or a weakness as they haven't been snapped up yet.
The Brexit issue dragging on (and onner) cant be helping much. Though that this might have had some finalisation soon
Seem on track and gearing up just in case of a slowdown so they can add more. I suppose it good to be prepared. nowt wrong with lowing the leverage and give more scope for any slowdown.
Struggled with the investor call as the sound was poor and kept referring to slides that are not available on the website. Not great at communicating with investors.
Well the improvement is starting to show now .......
"The Company will increase its annual dividend by 5% for the quarter from October to the end of December 2018"
It's taken a while to see an increase in the divi, lets hope there is more to come over the years
Some more of these for the quarterly divi and the hope that improvement will be forthcoming and I can get in ahead of the game
Due to the Technical difficulties no information recorded. Anyone at the meeting care to share Looks like this will be kept within a select few.