RE: Disgraceful.6 Jun 2019 12:43
I seem to recall that when I was originally looking at AEW UK and then AEW LL I did come across a warning that two of the directors had previously had problems with the FCA, which was a bit worrying, and setting up LL just seemed to be a way of giving all involved an extra income. I think they were frustrated at not getting the investment amount the wanted in LL, and I wondered if the Meridian problem was a knee-jerk reaction to these frustrations. Sacking AEW UK, when it is virtually the same company, looked as if it may be a way forward to combining the companies without it looking too dodgy.
Whether there have been any bids for LL as a whole or in part, we will just have to wait and see. I have often thought that most of the profits that these REITs make is down to dealings between each other. The outcome will probably be something like what happened with PHP and MedicX. I was getting a better dividend from MedicX, so didn't want to double my investment in PHP - but selling MedicX gave me money to put elsewhere. I love doing small tweaks to maximise dividends and take small profits along the way. Initially, after becoming frustrated with what goes on in the AIM, I struggled with the "sheer boredom" of investing in dividend stocks, but sticking with quarterly payers means there is always something happening. It's like the Circle of Life.