Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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Ha ha, of course, thank you Genghis15!
Othode,
Have to agree with you. This is my first purchase of a REIT. Just looked like a safe home for the forseeable, with a nice divi.
Certainly expect to be here for some years, and now know what to expect as it grows into the Retailer Property space. Certainly a theme that has been repeated many times over the years with various/Retailer sale and lease back schemes.
Not a bad share for a LTH, and represents about 6.5% of my SIPP and yields 5.4% which is far better than any money in the bank can earn these days.
Cheers & GLA - CSDI
Anyone who invests in a growing REIT such as SUPR and doesn’t expect a rolling programme of equity raise / placing a does not understand in what they are invested. The business distributes, at least 90% of its income to qualify as a REIT, in SUPR’s case it’s more as part of the portfolio (Sainsbury Reversionary portfolio) is not yet cash yielding. So the only way to grow is to raise new equity, which can only ever be done as a discount to the current share price. I felt the discount offered on the October raise was too high but this round feels more reasonable (and at a lower raise quantum). Ultimately we need more liquidity in the share to attract bigger institutions, so it’s a good thing assuming they can invest it well and the track record to date is very good in my view.
Hi Genghis
Yes I am mainly a HY divi investor. Gets me into a lot of trouble at time, tyeing up funds when SP moves against me.
All my shares are in my SIPP - with 90% chasing HY and 10% for fun/trading.
My biggest holding at 17% of p/f is GSK, which has been battered since last summer.
At current level just over £12 it is worth investigating on risk/reward basis.
My two biggest yielders are tobbaco shares - BATS & IMB. I've only just bought BATS by selling some IMB at a loss as been holding IMB for over 3 years.
If you want to view my full p/f - I have it as a discussion on the "General Chat" forum.
Be warned though as any share I purchase is likely to suffer the CSDI curse (Crap Share Dealing Ideas) as
"CSDI has a natural ability to buy shares just before they drop like a stone and then press the "sell" button just before take off" LOL
Cheers & GL - CSDI
"the company pays out all it's capital in dividend" It wouldn't last long if it did that....all its income, of course.
TBh i could always draw from my ISa and put it back as I've not used this years allownce. But its a bit of a faff, and I was thinking of moving some to a couple of other good yielding stocks that might have more capital upside. I have kept a smallish holding here, and hey ho, I might change my mind b4 deadline, if it doesn't close early.
I can appreciate why people are unhappy about this fundraise, I would have preferred to purchase shares through my ISA too. However, the dilution is minimal, and as I assume most people are here for the dividend yield, it gives the opportunity to buy shares (or more shares) at a small discount, thus slightly improving the yield overall. As someone pointed out, the company pays out all it's capital in dividends, so it will always pay to have funds available to take advantage of these offers as they arise from time to time. Longer-term, shareholders should see benefits.
By doing this thru PrimaryBid, they have locked out investors like me who have their funds in an ISA.
Not impressed with this, i would have taken a chunk, but will now invest elsewhere.
disappointing for the small PI who is not liekly to participate, and therefore suffer dilution leading to lower SP.
Why can't they propose at a premium or at least market price, as a position of strength.
Alternatively offer a rights issue so all can fairly participate.
something to be wary of in future as only bought into this on 30th December.
Was Not expecting any great capital gains but was expecting secure income without big down side, subject to market shenanigans like Covid etc which are always a potential threat.
This increase in capital effectively wipes out the SP rise since 31/12/20 - thanks a bunch !
Yours truly Grumpy - CSDI
CJ66, PrimaryBid shares can't go straight into an isa or sipp, so you should be OK. Have had offer email, but not sure yet.
Received my alert message from PrimaryBid at 12.18 so I think they've been a bit slow off the mark! I'll be buying in my Fund & Share a/c then bed & ISA in the next FY.
...haven't had any alert or notice through either - not that I can do anything as mine are in an ISA - and used yrs limit + don't have £1000 minimum purchase required as spare cash at present,
hence my annoyance below.
Feel like Victor Meldrew now....
No worries, it's appeared now.
Yes I know, I want to buy some but I can't find the offer on PrimaryBid.
Not sure LSE will allow me to send the link but here goes...
https://www.londonstockexchange.com/news-article/SUPR/proposed-issue-of-new-ordinary-shares/14887167
and it is 106p.
I was going to put some in here before the PB offer came out so I think I'll be participating.... if it doesnt fall past 106p ;-)
GLA
It’s 106p
Can anybody see the share offer on PrimaryBid? I haven't received an alert so logged in to the site but no sign of it?