Abrdn Euro Log Share Price (ASLI)

According to today’s RNS, AVI (Asset Value Investors) have just bought 6% of ASLI. A great and reassuring vote of confidence from investors who know their onions!

Https://www.londonstockexchange.com/news-article/ASLI/sale-of-french-asset/16398133

The €17.5 million disposal price is in line with the 31 December 2023 valuation.

Looks like a good move.

Agreed and London Metric Property just spent £13M acquiring a logistics business

"As evidenced by today's update, we will continue to reposition parts of the portfolio with an emphasis on growing our exposure to logistics which remains our strongest conviction call and is delivering high organic rental growth. We are also seeing interesting investment opportunities arising from debt refinancings and fund redemptions and the acquisition announced today is an excellent example of an innovative transaction that leverages our strong relationship with the developer and offers an attractive return profile."

The RNS released by EBOX today is very positive and bodes well for ASLI given they are very similar businesses. EBOX currently up about 5%

Interesting, slow progress and no dividend yet shares rise.

The Board of abrdn European Logistics Income plc (the "Company") provides an update in respect of the strategic review announced on 27 November 2023 (the "Strategic Review").

Since 27 November 2023, the Company has received a number of broad ranging preliminary, indicative non-binding proposals. While there can be no certainty at this stage that the final terms of any proposal will prove to be sufficiently attractive to merit a Board recommendation to the Company's shareholders, the Board is encouraged by the progress made to date and the Company's advisers are actively engaging with a select number of parties to satisfy their due diligence requirements. The Board will provide further updates as appropriate.

Fourth Interim Dividend

In light of the initial response to the Strategic Review, the Board and its advisers are keen to ensure that the Company is optimally positioned, and that it maintains the maximum flexibility, to allow it to advance any particular proposal. As a result, the Board has taken the decision to forgo declaring a fourth interim distribution for the quarter ended 31 December 2023, which has historically been declared in February and paid in March each year.

Subject to the outcome of the Strategic Review, the Board intends to recommence dividend payments in line with the Company's standard dividend timetable.