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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?
Ugh....problem with REIT's is that they pay out all profits as dividends which is nice, but can only really grow by issuing more shares that they invariably do at a discount so people will take them - thus hard pedaling upwards.
Wouldn't mind too much except that I just topped up at £1.09 and now they have sooner than expected offered more at £1.06.
Small beer, but still a Grrr at the timing....!!
In case you missed our webinar with SUPR the recording and stockopedia report can be found here: https://www.sharesoc.org/seminar/sharesoc-webinar-with-supermarket-income-reit-26-january-2021/
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Yes, but on 2 of the last 2 the cap is /%, and i one the yr review is years away.
And if interest rates rise with inflation, as would seem likely, the gearing can quickly become a disbenefit.
On current expectations of inflation/interest rates, everything is fine and dandy. But higher inflation/rates would provide a double squeeze, at the same time as markets would look for higher equity yields. The caps seem to me heavily weighted in favour of the lessees in that scenario.
Appreciate debt gives gearing, but a low inflation cap could make that a net disbenefit if interest rates rise. Current expectations are low, but things change.
Don’t forget that equity gets levered RPI given the 40% LTV. So 4% inflation becomes 6.67% post gearing from an equity holders perspective. On the slightly lower yield you also need to consider timing of the next 5-year rent review.
The net initial yield on the last 2 purchases was only 4.4% which is very low even balanced up with secure nature of income.
It's quite hard pedaling and won't ever overexcite, when set against the riskier office purchases of 7-8%.
Great for pension type income and I am using these along with WHR balancing some RGL / AEWU.
Average life of the portfolio is 16 years. 90% of it is index linked. The average cap is 4.5+%. Inflation expectations are estimated at 2-3% over the next 10 years.
The one concern for me over these acquisistions is the RPI cap.
If inflation takes off the lessee is protected, whilst SUPR's debt costs rise. Would much rather have traded a slightly lower initial yield for better inflation protection.
We are hosting a webinar with SUPR on Tuesday which may be of interest to shareholders or potential investors: https://www.sharesoc.org/events/sharesoc-webinar-with-supermarket-income-reit-supr-26-january-2021/
CSDI,
I am just looking at this for my pension fund. I am already retired, though still working, and just using it as a tax efficient inheritance wrapper. So between CSDI and me, I am sure we can wreck the share price.
Hi CSDI, sorry for late reply, i have no doubt that RDSB will go back to £20 within the next 12 months.
If you are in a SIPP structure your options are quite limited for going short but i think you can still buy Short reverse ETFs on Tesla. I went short by buying put warrants but there are other means, such as going short via CFD and buying puts.
There are some very decent high quality shares on the continent but the main issue i have is that many dont offer dividend reinvestment plan like most do in the UK.
Hello FBT,
Cor blimey you've done well with RDSB. I got stuck with a 2018 purchase at £27, when went 50/50 with BP. Was happy with divi at $1.88 but got burnt wit the big cut. I've bought some more RDSB on the way down and sold some recently at 1429p that were bough at 1155p. I've got a couple of batches at 1330p approx but still got the stinker on hold. The divi is lower than I want and was thinking of swapping for BP to get the extra div. But it is not worth the risk as RDSB could easily make up more than 2-3% difference thru its SP. With 10% of my p/f in RDSB that's fair enough for me.
My funds are all in SIPP, so don;t think i can short Tesla. I have today bought SUK2 to short the FTSE and nearly went for S&P500 short. Only expect to hold for few days, and it is only 4% of p/f. Can't see point in chopping and changing everything with about 80% of p/f in high yield shares.
Would be interested to know how you short Tesla .
My shares are all UK focused and maybe need to learn to look wider-a-field
Cheers and good luck
Hi CSDI,
I got in today at 1.08, after having followed the SP for several months. My aim is to top up the position over time and hold it for life as it is one of the very shares that has an almost recession proof business model IMO. I am also holder of RDSB (average price of £10, manage to buy a tranche at £8.60), GSK, MNG, Bayer, Danone and Enagas.
I have some growth stocks that have given me more than +100% returns (lemonade, palantir) but i dont sleep well with these stocks and only buy growth stocks in order to grow my asset base and then buy high divvy stocks. Im also a holder of VLS and im short Tesla.
Good luck!
Hi All
A happy and prosperous new year to all posters and holders of SUPR.
I must warn you all that I have joined the rank of SUPR investors on Wednesday.
I have invested a small sum of 6.5% of my SIPP, as an income seeker (to replace higher yielding NCYF which is expecting a divi cut at some point this year according to its Manager "Franco")
I jumped on when the price was 106.6p. My aim is to achieve an income around 5.5% p.a with a view to LTH.
If NCYF SP drops sufficiently for my recent 51p sale price, then I may be tempted to return there if the divi yield is well above this one.
For those that do not know me, my name is CSDI - Crap Share Dealing Ideas.
I have a very bad relationship with shares due to the CSDI curse, which is due to "my natural ability to buy shares just as they drop like a stone, as well pressing the "sell" button just before they take off."
Good luck all - you have been warned
Cheers - CSDI (smiley face)
Quite....this is not a share I'm intending to trade, but the offer seemed an open invitation to do so.
A safe divi yield make this a core holding for me, and I don't lose sleep if it falls below the offer price. Just a bit surprised that with such a safe divi ir slipped, I expected a bounce back to c. 110 by now.
I’m a net buyer of SUPR for the next 10 years so I’m happy to snap up a 5.6%+ dividend yield if the market continues to value at these levels. Pleased to see the scrip dividend being voted through at the AGM yesterday - even cheaper to reinvest dividends!
Well, glad I sold at 108 and bought back in the offer, but can't believe we've now slipped below that price.
Well, that's useful to know. HL show my requested allocation in my account and have taken payment, but they are only shown as allocated and not live. And no statement frm SUPR either about it as far as I can see.
I expected a RNS today confirming both the allocations, and admission to trading.
Hi Genghis - does seemed to have worked - I did the same, selling (just after ex divi) and offering to buy back cheaper.
I was worried about dilution but have got them all back + a few extra with the profits.
Only a few pounds, but useful crumbs for the small guys...!!
I don't know if they did this on purpose to raise more shares, but it seems to have worked with the oversubscription.
I sold most of my holding hoping to get back in at the placing price.
Will have to see how that works out, hopefully not too much scaling down.
Looks like LTH’s got the heads up Thursday.