Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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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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'.
Fitch has reaffirmed the Company's existing Investment Grade, long-term Issuer Default Rating (IDR) of 'BBB+' with a stable outlook.
From RNS
Trading Announcement now on 16th February 2023.
I tend to agree. At least tho, at the last webinar, they laid out how their loans are fixed and unaffected till (I think) 2026 by interest rates . But dyor to confirm.
Interim 2023 Earnings Release - on Thursday 9th Feb (I think).
ShareSoc is hosting a webinar with Supermarket Income REIT (SUPR) on 21 February 2023, which may be of interest to current shareholders or potential investors. Steven Noble (Chief Investment Officer at Atrato Capital) and Robert Abraham (Managing Director at Atrato Capital) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-supermarket-income-reit-supr-21-february-2023/
I think the reason the share price has been weak lately is because most of the leases they have, have inflation adjustment clauses so they can put rents up in line with inflation. BUT the rises are limited to 5% so if inflation stays above that for long SUPR will begin to lose out. Hopefully inflation will be over 5% for just a few months, so it won't hurt the business too much.
Sold way too soon.
And out at 102p.
This was previously a LTH for me. and could be again, but a quick 1 day profit was just too tempting!
Jumped in at 96.25 yesterday. Hopefully caught the low!
Well done ……wish I had some spare cash ….at that price yield looks like about 6.3% …..not sure how long before £1.09 though ….REIT’s bang out of fashion sadly ……
Yep, in at 96.7p….will sell at 109p.