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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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https://reactnews.com/article/supermarket-reit-makes-150m-sweep/
Supermarket REIT makes £150m sweep
8 Nov 2021 | by Jessica Middleton-Pugh
Assets bought in Cannock and Sheffield after raising £200m in an oversubscribed share issue last month
No, nothing. Suspect it's a local rag trying to hype up a non-story about possible takeover/closure of their local store. With the war-chest available to SUPR it's no surprise they're chasing more assets. If we've learned anything during this pandemic it's that our country is reliant on omnichannel supermarkets. Whatever else we've been willing to give up, we won't do without these guys.
Has anyone managed to find the press comment that sparked the RNS? I was wondering what the assets are that we are being linked with and the price.
Received my full allocation through HL, very happy with that. If only all retail offers were this straightforward!
Nothing from ii or Hargreaves L either - so don't worry. As the shares go live tomorrow, I expect we'll get a notification at 7:00 tomorrow.
Still nothing through from AJ Bell which is somewhat disappointing.
Got 100% through PB. Seems retail weren't scaled back.
Placing heavily oversubscribed, even though the number of shares on offer was doubled. No surprise there, just have to wait now to see the extent of scaling back and return of unused funds.
Just to note, for anyone who does hold these in a dealing account - if your platform offers the placing you CAN take them in your ISA if you have funds. AJ Bell said I couldn't but changed tune after I said this was wrong.
Personally, I will go for what I have in my dealing account, plus 10-20% more. I'll then sell down the ones in the dealing so PIDs and divis are tax free.
Just had my notification as well. Think I will give this one a miss, considering it will up my average, and the next dividend isn't until January 2022.
Had a couple of top up's in Anglo Pacific, last day to qualify for 3 dividends in the next 13 weeks.
Yes I know Hardboy. I COULD use PB but I won't, for the reasons you've outlined. For me to use their app, I would also require:
Secure login with strong authentication.
The ability to securely transfer money into a client account in my own name.
Visibility of my money at all stages.
In-app notification of details of any transactions undertaken by PrimaryBid on my behalf, with my money.
In-app notification of secure transfer of shares from PrimaryBid to my broker.
In-app notification of secure transfer of any remaining funds from my client account to my bank account.
Since the PB app doesn't currently appear to offer these features, which I would expect from any institution holding my money, I won't be using it.
Meanwhile, HL has now made the offer available to shareholders so I'll be applying there.
"I wanted to add more through the placing but in my ISA so the dividends are tax free. "
Very sensible.
I hate these Primary Bid offers - can't use your ISA (even when your existing shares are there.) Instead of just putting in a number on a form on your broker's website on your PC with a big screen and large keyboard. You HAVE to use a mobile ap - type the numbers on a small screen & keypad when it's easier to make mistakes, transfer money from dealing account to bank account etc. The words always say they value the retail investors, but if they use PB they don't give a jot about their existing investors who hold in an ISA.
"At least you've got the option to buy sws. I've had nothing from HL yet,"
You can buy using the Primary Bid ap, and they will transfer the shares to your HL dealing account.
Nothing from I-web yet either, still working their way through last months dividend payments.
The deadline is the 11th October
At least you've got the option to buy sws. I've had nothing from HL yet, which is really annoying! Have AJ Bell said what the closing date for applications is?
Well that is frustrating, I hold my SUPR in my dealing account as I picked them up through Primary Bid. I wanted to add more through the placing but in my ISA so the dividends are tax free. I'm being told I can only add in my dealing account which is frustrating.
Just received a corporate action notice from AJ Bell. As a holder it looks like we can apply for shares at 115p in the raise. If AJ Bell are offering, I assume the other main ones will too.
Supermarket Income Reit Plc has announced details of an Offer for Subscription to raise up to GBP100 million. This will give eligible shareholders the choice to buy newly issued shares at a fixed price with no dealing charges.
Under the terms of the offer, you may subscribe for any number of new shares at a price of GBP1.15 per share. Depending on the total number of shares subscribed for, your election may be subject to scaling back.
If you would like to subscribe for new shares, the offer is subject to a minimum subscription of 1,000 new shares and then in multiples of 1,000 thereafter.
To view the document in full, please copy and paste the link below into your web browser:
<https://7b603b41-0732-4bbe-81be-6f7d059b333f.filesusr.com/ugd/917ff8_600bdf373e0340c4a8922c37913f11a7.pdf>;
No transaction costs but you have to hand your money over to PB for about 10 days with no visibility of it and then wait to see what your allocation might be. At least in the open market you're doing a deal there & then. Swings & roundabouts, as you say.
The only difference with buying in the market will be commission and stamp duty. The advantage though is that you can buy in your ISA or Sipp.
Thanks, yes - although with PB there are no transaction costs and so buying at 115p through PB is probably about the same as buying through the market at around 116p I guess. Slightly odd that the PB offer was delayed a bit, but I'm not reading much into it.
RNS now announcing the PrimaryBid offer. Looks like it was delayed as it refers to the original announcement "earlier today". Interesting that the new shares will not receive the 7 October dividend: "For the avoidance of doubt, New Ordinary Shares issued pursuant to the PrimaryBid Offer will not carry the right to receive this first quarterly dividend." so buying at 116.485 or below would be equivalent or better than the offer price?