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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Started: stargate, 21 Dec 2023 06:48
Last post: stargate, 5 Apr 2024 16:55
Update, technical weekly chart, revealed the 1/1/24 price bar, made a new high, but then closed, below the close and open of the rally week, two weeks previous. The intervening week bar, was a small high/low. The 1/1/24, week price bar was a potent rejection of higher price movement. My previous comment price targets, are no longer relevant. DYOR.
Also Goldman Sachs has recently urged investors to stop shorting UK property stocks. Is having a positive impact here. Falling interest rates key driver
Sp, targets are 100.6 and 120. Sector chart and WHR, are displaying bullish rising pivot breaks . Positive divergence in the RSI(relative strength index) confirms the bullish chart position . WHR, sp, is above the major, falling down trend line, which is in accordance with the overall upward trend, now happening.
Started: looooooooser, 15 Nov 2023 10:24
Last post: richred_uk, 15 Nov 2023 11:11
The Key words are "Like-For-Like", some properties were sold, so (very rough maths, not data pulled from the RNS other than start and finish):
Portfolio Was: £828.8M
Sell properties (£25.5M)
L-f-L gain 1% of remaining portfolio £8M
Portfolio IS: £811.3M
So portfolio goes down, but the bits they kept went up, so no, not error,
I in the RNs today I read:
"Like-for-like portfolio valuation increased 1.0% to £811.3 million (31 March 2023: £828.8 million)."
Surely this maeans that the valuation dropped from £828.8M to £811.3M!
It dropped by £17.5M. A 1% increase? my backside.
Started: sain@vision, 25 Oct 2023 12:36
Last post: sain@vision, 25 Oct 2023 12:36
As industrial property investment yields move further North there is only some aggressive letting of voids they can do to improve the case .
Acutely aware that it only takes a minor shift in yield to give market values a good hammering
Last time around the houses in 2009 prime yields moved above 9% Once they dipped below 4% there was always going to be a correction
Maybe 12months down the line the ex Hansteen duo might cast their eye again if still got the appetite
Started: rylidan, 10 Oct 2023 15:00
Last post: Retec, 20 Oct 2023 11:08
And the plan is?..
I don't think that selling off assets to fund executives is really the right way forward.. 🤷♂️
Nice RNS. Slowly executing their plan, and at an 8% yield looks good value. All IMHO.
Started: rylidan, 20 Sep 2023 14:11
Last post: rylidan, 20 Sep 2023 14:11
So a few pieces of news recently. Invested have upped their stake to 21%, and we've just fallen out of the FTSE 250. Reckon they took the opportunity to mop up Tracker enforced sells at a low level.
Interest rate decision tomorrow. If it stays at 5.25% we could be trading over 90p soon. If it rises perhaps back sub 80p. Let's hope the BoE and their Tory mates see sense. They are slowly killing the economy.
Nice to see the divi being maintained. Specifically like the low interest rate they have on most of their debt now, far better than some peers. Also with the different between debt and property valuation this seems like a good buy. Obviously just my opinion, but I have increased quite a bit recently.
Wow - now broken under the "Loony Liz Low". Gotta think it's a buy even if they cut div a bit.
The divi looks like an illusion; just 74% covered; company needing to sell more assets, which will further trim EPS.
Must confess, didn’t see it getting this low. But with interest rates pushing higher it became inevitable I suppose. Hopefully this won’t be the thing that breaks as interest rates go higher!
I will buy some next week, at 80p a great price….
Started: richred_uk, 6 Jun 2023 09:09
Last post: Richard08, 6 Jun 2023 15:53
It was a typo - see the third RNS today which says:
The register and ex-dividend date for the fourth interim dividend in respect of the year ended 31 March 2023 was incorrectly stated in the above announcement as 1 June 2023, the correct register date is 16 June and ex-dividend date is 15 June 2023.
Which, given the drop today, would seem to be a good time to do a top up if you intend on holding this long term.
Today's results say "A fourth interim dividend in respect of the year ended 31 March 2023 of 1.6 pence per share will be payable to shareholders on the register on 6 June 2023. The ex-dividend date will be 1 June 2023."
The ex-div date and record date seem out of kilter, but the main thing is that they are announcing a dividend with an ex-div date before the announcement - I didn't know/ think you could do that, or have a missed an earlier RNS with the above details?
Quite. Recently topped up. Just can't understand the recent fall in share price.
Good update
They have never done a 3rd quarter report. Not sure where you are getting the idea they are overdue one.
They have, in previous years, released a trading update around this time but thats only required if there is significant difference to the predictions for the year. If everything is going as expected then its not required.
The next update is the final results at the end of May. NO reasone to be concerned that I can see at the moment.
I guess not! Steady buying over the last week. Shorter closing? Possible buy out? Plus quarterly results overdue 2 weeks. Call me suspicious LOL
Overdue on 3rd quarter update? Anyone know why?
Good news on the lettings, showing that businesses still need space and Warehouse REIT can still get their moneys worth in rent!
Started: Goolang, 3 Oct 2022 18:20
Last post: Goolang, 3 Oct 2022 18:20
Bargain price at the moment.
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!
Started: Goolang, 16 Dec 2021 09:40
Last post: Goolang, 16 Dec 2021 09:40
and it keeps on rising :-)
Started: elrico, 3 Dec 2021 16:47
Last post: elrico, 3 Dec 2021 16:47
Started: Goolang, 28 Sep 2021 15:57
Last post: oogleflugal, 9 Nov 2021 11:53
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
Started: Goolang, 25 Aug 2021 08:17
Last post: Goolang, 25 Aug 2021 08:17
The high performance seems near constant.
Started: Goolang, 13 Aug 2021 16:50
Last post: Goolang, 13 Aug 2021 16:50
Happy days....
Started: Thechukkers, 9 Aug 2021 16:44
Last post: Thechukkers, 9 Aug 2021 16:44
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!?
Started: Flowergarden, 3 Aug 2021 12:53
Last post: Flowergarden, 3 Aug 2021 12:53
Very pleased.
Started: oogleflugal, 13 Jul 2021 13:59
Last post: Thechukkers, 13 Jul 2021 14:55
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
Started: Thechukkers, 6 Jul 2021 14:21
Last post: Thechukkers, 6 Jul 2021 14:21
Last post: MTBonce, 20 Jun 2021 13:59
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
Started: Thechukkers, 29 May 2021 15:51
Last post: Thechukkers, 6 Jun 2021 18:26
ok i found it. problem solved i guess ...still wonder where that extra 100 mil in valuation came from as thats the primary reason why nav was up so much
The portfolio was independently valued by CBRE as at 31 March 2021, in accordance with the internationally accepted RICS Valuation -
Professional Standards January 2020 (incorporating the International Valuation Standards
hello thank you for responding, my understanding was that the profit before tax went up before accounting for these one off events? full year results show acquisitons worth 226mil so it cant be taking into account those otherwise profit would be higher
but also there is an error in either the presentation or full year results cause one shows acquisitions worth 226 mil the other 246mil...
like for like valuation increase is shown as 18.8 per cent compared to a few percent here and there last year. and the year before. i just wonder how did they arrive at such an increase, was it by independent valuation. no idea how this works. i am invested here though and quite a happy holder as seemed to have timed my buys perfectly
Profit increase is negligibly linked to the capital raise, the major component in the profit increase in the year was the portfolio revaluation. Have a read of the rns with the full year results from 25th May for more details.
Shop! Sorry, yes erm profit increase down to a capital raise of 46 million earlier this year or was it end of last year. basically three or four acquisitions around the country , Bedford, Cambridge Glasgow and somewhere else, so all adding to revenue and profit. So pretty good so far
can someone explain to me how their profit before tax went from 20 mil to 123 million?
thank you
Started: oogleflugal, 2 Mar 2021 07:42
Last post: oogleflugal, 17 Mar 2021 11:19
I was just thinking why hasn't this gone up with all the other reits. One of the better value and better yields.
ex div
Seem to be on the rampage with another strategical purchase 9 miles west of Glasgow airport. Apart from the pandemic blip. a nice steady upward graph and near 5% dividend. Edmund Shing recommends them as a potential investment on Stockopedia. Seems a pretty shrewd investor
Started: adv11, 5 Feb 2021 09:08
Last post: oogleflugal, 16 Feb 2021 12:04
Talking of mates rates, nice little late reported buy for 100,000 just published no wonder they were holding shares back.
There is a lot of competition out there for warehouse space for e commerce. They had to act quickly and decisively. They have identified space in the north west yet to catch up with market rental prices. I picked up a few at 1.23 on the placing announcement. Not so sure you will get £1.21 now. They are quite hard to buy at todays price and selling will take any amount. Nearly 5% yield is better than most stock now
Yes, agree and frustrating, but we'll probably get the chance to top up close to 121p anyway.
For mates only. Nothing for loyal investors, they don't matter anymore.