The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
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They have emailed copies of the presentation but havent answered any questions. What are they going to do about getting the missing info out
available on the website? So working on a blind call. Not much use but things looking ok
Well we should find out this morning. Management had been doing well although the SP rise has stalled lately, Still, Im expecting more improvement even if its getting harder to achieve
another step in the right direction IMO. Now wondering if I should start adding more? Then again not really been a dip in these lately
and the divi is now fully covered. This set of management have done well to turn it around. Success will be when that divi starts to rise in my book though. Whilst that may be a while away things are going in the right direction.
The high premium on this Investment Trust put me off buying this sector and the unit trust equivalent looked better value. However, the premium is now coming back more in line to NAV, so a good entry point could be more attractive in the near term.
Well it looks like the two of us. The trickle of divis coming in is always nice and with this being quarterly you dont have that long to wait for the next one. Im hoping the divi will be fully covered soon so that we can start to see some growth in it. Im not too sure that is the priority for spare cash though.
this board has been quiet lately. I just got my first dividend. happy with that. Anyone out there ?.
I agree, always desirable if a stock pays a dividend. That regular trickle of income. I'm in LLOY quite heavily and have done ok having bought almost at rock bottom at 35p, although I'm looking forward to some dividends and growth henceforward. As for SREI I share your vision and hope long term it will prove ok. Thanks for replying, seems to have been quiet on this board lately.
Hi Buchaneer, I bought for the divis which are close to being covered now. Hopefully the improvements will continue and I have been happy with progress of the new management team. If they keep up with progress it should be a good long term hold.
Thanks for replying. Lets hope we called this one right. I think we have !. I will check back and post from time to time. Good luck.
Hi Buchaneer. I bought in a year ago at 53.75 and like you its a core holding for me. I think it's a good solid fund and I like the fact that it seems to hold up well during the dips
Hello out there ? ... ... New to this stock, just bought in modestly. Think and hope its a reasonable long term holding. Any like minded or contrary persons out there ?
Keynes today, tomorrow the world. Today's £5 ml industrial estate acquisition follows on from last week's £9ml retail warehouse grab (that must be SOME warehouse). £43 ml left in the kitty, after this Christmas shopping spree and the placing, so is it going to be saver, or spender? Whatever, maybe interesting times ahead. Good luck ye holders!
maybe applied here by the placing of 43.5 million more shares into the mix. These guys must have SOME shopping list, so afraid it's hands in pockets time.... All good, exciting stuff though, methinks. ATB out there.
On a quick scan they look quite good. Divi is now covered and moving to a progressive divi is music to my ears. No problems with conversion to a REIT. Management have done well to turn this around
little earner here, holding with LBOW, both prestigious outfits paying frequent divs, so it's longterm for me. On the lookout for acquisitions too, so all looks promising IMVHO. GL holders, spectators.
tyneagle, yes things are moving in the right direction and the divi cover is getting closer. I bought this for the high divi which has been cut but benefits the company overall. Capital gains have been good but I still await the time when the divi will start to be increased on a regular basis. Overall I am please with the progress and this is flashing sell on my spreadsheet but with a continued sunny outlook and things moving in the right direction I will continue to hold and look to add on any dips although they not really appearing. Maybe a market downturn will bring the next opportunity.
A very good set of results today with excellent ongoing strategy
Why all the big buys today. Is someone buying a large holding but not in one swoop?
They have cut the divi and now the yield is down to 4.64%. They are looking to buy more assets with better yields and improve current stock. So far all is going to plan. Unfortunately this is now not the bargain it once was and trades at a premium I think now. Im not saying it wont improve further from here but that its at value rather than sub value. I wouldnt say its a bad buy but its not great either so DYOR The divi is not yet covered and it looks like they would prefer to reinvest in the company than increase the divi at the moment. Still its not bad and if the company gets stronger then that not to upsetting either. Buy on the dips! I have looked at Hansard a while back and it might be worth a revisit after the fall. The outlook has hit sentiment "We anticipated a reduction in new business flows in Q2 2014 and expect H2 2014 new business to be significantly below an exceptionally strong comparative in H2 2013" Might be worth swapping from my RSA cash but I need to look a bit closer, that divi might also be culled.
tools.morningstar.co.uk/uk/cefreport/default.aspx?SecurityToken=F000000DYW]2]0]FCGBR$$ALL Dividend should be cut, not equity raising. Div is above normal...!
Hi Gerry, Iv watched this since October'13. I always had suspicions on stocks with dividends of 7%+ There is another one, which has held up pretty well call Hansard Investments(HSD), for offshore investments in Guernsey... It's doc is 9%+
Hi The Jackel. I agree its not good to lock out ordinary investors but I think its down to costs for the company. THis is not at a massive discount as some placing are. In fact they state "The Placing Shares will be issued to new and existing shareholders at a premium to the most recent Net Asset Value per share and will therefore be accretive to the prevailing NAV for existing shareholders." So its not as bad as some placings. The placing price is expected to be set at 48.25 pence per share. You might find the price falls to this anyway. You could contact your broker. One the whole I see this as positive news even if I can take part but will be keeping an eye out
From what I read of the RNS it appears to indicate that normal investors cannot apply for shares. As they will be sold under yesterdays closing price this then means that my shareholding and therefore value will be diluted. I am hot happy at all that I cannot apply for my 10%.