UK Commercial Property Trust Share Price (UKCM)

I had wondered why the share price had been rising steadily over the past few weeks and now we know. As predicted on 08/11/23, the Picton debacle put the 'for sale' sign up over UKCM. Interesting merger. It gives BBOX meaningful bulk in terms of index funds needing to buy it. It allows an amount of diversification hence safety when Amazon can change the whole space at a whim. Also in an environment of falling inflation / interest rates, BBOX should be able to sell the bits it doesn't want at a profit over the next couple of years. Maybe they've already been speaking to Picton???

In summary, a good deal for BBOX. I wish UKCM could've got a bit more, but that's life.

Https://www.proactiveinvestors.co.uk/companies/news/1033804/uk-commercial-property-walks-away-from-picton-talks-as-major-shareholder-says-no-1033804.html

No, it doesn't really do much at all apart from rail road UKCM investors in to having the assets managed by Picton. There may be costs savings from scale, and the fact that Picton is internally managed, but other than this I consider this an unwanted distraction. As an investor I want to see ABRDN concentrate on managing the portfolio and realise the reversionary yield available within the properties, thus increasing the dividends available to shareholders.

I want Picton to b*gger offer, frankly.

Is the 'possible merger' with Picton just a way of telling the market that we're available for the right price to any interested buyer because the 'merger' sounds to me more like a no premium takeover which would not be best value for shareholders imho ? Looking forward to seeing more meat on the bones.

Up she goes, as expected.