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To provide its shareholders with an attractive level of income together with the potential for capital growth by investing in a diversified portfolio of supermarket real estate assets in the UK.
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TerryM1, yes I had to tick the (KID) box. My question refers to the yearly adviser costs. From what I remember they were yearly managment fees and were approx 4% on an investment of £10k.
Buzzthomas
This is some FCA jobsworth issue, you have to accept the Key Information Document KID (KID) and Halifax, IWEB etc (Lloyds services) are hot on this although not required elsewhere e.g Primary Bid.
For me it adds small extra costs for all REITS I want to transfer from ordinary share account to my ISA. IWEB can do this as single transaction (1 fee) to sell in ordinary share account and buy in my ISA over the phone, however as you have accept the KID (tick box) it can't be done over the phone you have to do this as 2 transactions so 2 fees.
The FCA are great, they protect me by making sure I tick a box to buy a share I already own and stop me from buying in placing as I do not know enough but will happy let me buy the same share for a higher price and charges on the market. All while there are unusual price movements on shares I own only to find out the reasons a few days later when the news is released and of course the FCA do nothing with this insider dealing. What would we do without them.
Can someone please explain why when I tried to buy some SUPR with Halifax I had to read and sign some legal stuff and after was presented with various costs. ie Halifax dealing, Stamp Duty, then some annual payments to reit advisers. I understand the first two costs but the other costs !?
SUPR has declared an interim dividend for the period 1 January 2023 to 31 March 2023 of 1.5 pence per Ordinary Share ("Third Quarterly Dividend").
The Third Quarterly Dividend will be paid on 26 May 2023, to Shareholders on the register as of 21 April 2023. The ex-dividend date will be 20 April 2023.
maybe I should read it fully before posting LOL
so they dont think increasing dividend is going to be a thing
can anyone explain the RNS
I’m invested here, average 94, before buying, I always give the HL Financials tab a quick scan for evidence of a debt problem - I found no issue with SUPR. Is there really ‘a large debt to service’ here, like Hardboy says?
Bigger concern was debt interest a lot was up for refinancing over next few years so would end up with higher interest costs. They need to clear down some down ahead of that happening.
And I think that's why they have been sinking so much of late - the fears of high interest rates for longer and a large debt to service. The devaluing of their estate could be a a factor too, but if their estate is all let out on long leases, short term fluctuations in the valuation of the property is not overly important. The other concern could be that if inflation stays high for long it could upset the business a bit. Although most leases have inflationary clauses in them, most have a cap at 5%, so if inflation stays above that, costs rise quicker than income.
Yes but they have to pay off the residual bonds used to finance the original purchase, still a good deal though.
I hope so. Been gobbling up as many shares as I can while at this price.
Hmm. SUPR.L have been pretty busy with offerings. But maybe you doth protest too much, at least as far as dilution goes. 2ndarys: 2021Oct, 2022Apr, repectively @115p, 121p were oversubscribed. Arguably, if you'd bought in at 100p previously you were getting the better end of this deal. As far as shenanigans go, well, what do I know? Anyway DYOR as they say.
Well, i certainly missed the bottom...at 91 it's v tempting to take more, tho.
As stated on an alternative board
SUPR NAV at 30 June 2022 was 115p so a 13.3% decline makes it 99.7p today.
This NAV should have been reported in the RNS but this seems a fair assumption. This means that if the SP goes above 99.7p SUPR is trading at a premium and leaves the management in a position for another placing which they have become addicted to over the last few years. The cynic in me thinks these placing are an easy way to grow the company so the management get extra fees but do not add value for shareholders. This always depresses the SP and keeps a cap on the SP as why buy in the market when another placing will soon be along. The worst is the SP starts reducing to around the placing price a few weeks before the announcement so the news has been leaked but FCA do nothing about insider dealing that occurs.
Can’t relocate it should say! …not sure how to edit a post
Gengis my understanding is that all the supermarkets are securely tied into long (15+ years) leases so they cost relocate even they wanted to
True on both counts, but i still try.....took some vat 95.7 earlier. It mb a LT hold, or i mb tempted if I see a quichk profit....wait and see.
Genghis. Mugs game trying to call the bottom. I'm a drip feeder. Asset value only an issue for refinancing. Supermarkets don't tend to relocate so their income stream is pretty secure.
Why are they repeatedly delaying the quarterly reports?
Tend 2 agree, but...the SP imho is being punished not by evil MMs but by the prospect of higher interest rates impacting borrowing costs (sectoral, even tho SUPR's are fixed for a couple years), and the inpact ohigher rates on asset values., which id real across all asset classes.
I'm v tempted to re enter at these levels...but its always tough to call the bottom!
Are supermarkets going to stop paying index linked rents? No. If you're happy with 6+ % divi (I am) stick with it . Brokers like to get people to shuffle the pack. For me it's another chance to add.
Liberum downgrades Supermarket Income REIT from 'hold' to 'sell'.