Warehouse Reit Share Price (WHR)

SP surprisingly robust considering the music has stopped and it's damage limitation from now on in . Fingers crossed that no big holes appear as the stock is pretty dry

That capital raise might have come in very handy to tide them through and maybe pick up some distressed stock later .Alas it wasn't to be

As Morgan &Jones .Premeirship players , time their exit to perfection yet again suspect they are probably getting Ashtene Mark 3 in readiness

Portfolio here is fundamentally poor. Their flagship John Lewis warehouse at Brackmills even looks shaky as that retailer begins to struggle. Aggressive asset accumulation over a period of time in a rising market has taken their eye off what can happen when the tide rolls out. These boys are swimming naked. Luck not on their side this time with regard to fund raise whilst competitor Urban Logistics REIT (SHED) with a stronger portfolio managed to get their raise done just in the nick of time a few weeks back at c£130m. Both WHR and SHED prime for takeover/consolidation. London Metric showing better share price value and more robust ability to sustain dividend as is Segro. Nervous times - i hope they can come out the other side in tact. The Savills Cap Market man has run out of magic.

COVID is damaging everything... My policy of not holding shares that are undertaking fundraising has saved me from an unpleasant loss here. Time will tell how their tenants cash flows are being damaged by COVID.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/WHR/14465873.html

£76.48 million - see the RNS below:

https://www.lse.co.uk/rns/WHR/warehouse-reit-plc-result-of-placing--q2n8128dpczpt6l.html

I didn't know that, how much did they raise?