Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
To provide shareholders with an attractive level of income together with the potential for income and capital growth by investing in a diversified portfolio of UK commercial property warehouse assets.
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It has been such a good investment until now....
Usually property is a good hedge for inflation, usually..... let us see what happens with rent payments as the energy prices would have gone up 2 to 4 times for their renters. We will know more in the last 6 months of the financial year. WHR might need to push out an RNS saying no material changes....
Property revaluation is certainly one risk, my view is that If interest rate expectations are 6% then reits will get hammered until the dividend yield is a margin above the risk free rate?
Looks like I was well over optimistic last summer. Weren’t we all? I think expose to online retail has exacerbated the situation for this reit, though looks like the are all going to experience property value reduction. Why else would supermarkets be selling out. BOE signalling a reassuring rate rise to 6 percent seems almost as reckless as Kwasi Kerching’s excellent first few days at the office of magical chance- lory
Well received news. We will go into the FTSE 350 in the next couple of years!
and it keeps on rising :-)
https://knowledge.sharescope.co.uk/2021/12/03/warehouse-reit-real-estate-on-the-rise/
TD. Fair points. Perhaps I was a bit over optimistic on the results. Its a difficult market so a little profit taking naturally this morning (not by me)
The two things that stand out for me are their intention or ambition to move onto the main market and the potential of building more units on sites they already own. I don't think another fundraise is out of the question but having been around for he last one , I don't see that as a negative. They are not the sort of company that sits around collecting rent, so I feel they have a real ability to grow much further.
What I have done, and am doing with a number of my quarterly dividend payers at the moment, is to double up, ie double my dividend, and sell back down after the ex-dividend date. That way I will have a great quarter for dividends, and am also taking some of the profit in the selling. I will use that to counter-balance some losses as I reassess my portfolio for the New Year.
Hope that makes sense.
Indeed, it's what to do now. On the one hand, the NAV growth rate has slowed, there is no dividend increase, rent collection levels are slightly down on before and the RNS doesn't generally contain anything outstanding to my mind - so hard to justify a massive premium to NAV. On the other hand, the sector continues to perform very well and WHR remains one of the best ways of playing it IMO. So I'm not massively excited, but nor is it an obvious point to take profits.
Got in at 108p so well happy, its what to do now?
happy days. might go on a decent run now again given that we usually trade on a higher premium
lucky me i got in at 124p average :P
Think you had your answer today. Stonking set of results. Net tangibles £1.52 per share. Portfolio up 9.4% since March. Only down side is the main index beckons. I suppose that makes them more attractive to the big investors and clearly they have a lot of ambition for major growth. Must be a decent rerate on the cards.
or is it a placing ?
The high performance seems near constant.
Happy days....
I think this company has a great future ahead. lockdown has exposed a lot of people to online shopping ...
I wonder how well the delivery robots are going to work, ex skype founder has started one company using tiny robots to delivery food to peoples home. should increase the need for last mile warehouses
not sure i understand the purpose of remotely operated vehicles for delivery though(different estonian company,-cleveron)...you still have to pay the driver!?
Very pleased.
Must admit Andrew Bird comes across as a very shrewd man to me..
Happy to hold although taken some off the previous week as thought it has gotten a bit overpriced
https://www.youtube.com/watch?v=-8EY5U4ixa0. Recorded last week and out today.
Had been considering selling a few but not after watching this. In a difficult market this looks as secure a anywhere with plenty of growth potential and 6% dividend
https://www.thisismoney.co.uk/money/investing/article-9703729/MIDAS-SHARE-TIPS-Amazons-landlord-deliver-profit.html
Midas verdict: Warehouse Reit has grown materially through the pandemic and should continue in that vein. Industrial parks are in demand, rents are rising and supply is limited. At £1.52, the shares have further to run – and shareholders benefit from a 6.2p dividend too.
Midas tips are always well leaked before publication, hence the rise in WHR and PCA over the past week. Just after a Midas tip is the worst time to buy in.
https://smallcompanychampion3db.substack.com/
I first feature WHR at 115p.
https://mobile.twitter.com/LEMMINGINVESTOR