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I would think that rent will remain unpaid until companies take legal action. Obviously the judge found that Cineworld had the ability to pay, as I am sure would be the case once Boots and JD are sued. Why should investors in property companies suffer for the sake of retail and entertainment companies ?
Amazing that someone would pay over £10 million for our Leeds 19 story asset, just to knock it down and build a 43 story student accommodation block. Many years of disruption for poor old Leeds, but shows there is plenty of life in City centre land.
Did you venture down to Gt.Yarmouth K ? That was one of the places we were thinking of retiring to, but we really had our eyes opened last time we were there. Aggressive beggars, thriving red light district and very open drug dealing. A real shame for the area. On the other hand Norwich was really thriving, great atmosphere in the city centre there.
Thank you for sharing Redtom. I don't look at this board much anymore because of the abuse I suffer, but you are the one person who makes it worthwhile.
Dare I say that when a company hasn't listed on the major exchange in its country of origin and operation, there is usually a very good reason ? No I probably dare not. But this is a fact I learned as a naive young investor taking in all what the crowd were saying about the Messiah, David Lenigas. Ended up with lots of shares removed from my account because they could no longer be listed even on the AIM.
Well said - I've been here 8 years, and I know many others have been longer. I'm only down £400 on the few shares I have traded, but currently £2,600 down on my continued investment. Not bad compared to others, but that's 8 years of that cash being wasted. Not sure I'll be here in another 8 years, maybe 5 ? Maybe I'll leave my UJO shares to someone I don't like.
Real Estate Investors PLC - Midlands focused investment trust - Completes eight asset disposals in first half of 2021, totalling GBP10.7 million, an aggregate uplift of 10% on December 2020 book value. Notes pipeline of disposals worth GBP5.5 million. Plus "strong" rent collection of 97% in the first half. Occupancy rates at 83%, possibly rising to 88% in near-term. Issues interim dividend of 0.75 pence in first quarter of 2021.
"Occupier demand is beginning to strengthen across the market place, with decision makers less cautious and naturally eager to move forward after a uniquely challenging 18 months. We have a healthy pipeline of new lettings on our void space, which is expected to improve our occupancy levels and support our valuation recovery," the company says.
Current stock price: 39.71p, down 3.2% on Tuesday afternoon
Year-to-date change: up 17%
By Scarlett Butler; scarlettbutler@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Also a regular criticism from you @huudi, - JLEN, FSFL, now BSIF... makes me wonder why you invest in such companies ?
Not actually having a go because I have posted the same thing about DEC and GORE, but at the end of the day they are all decent dividend payers for those of us who appreciate a good income.
Yes, it's a decent yield here. Have you an opinion on whether the dividend will be announced before the offer ? I've read the prospectus several times and I'm still not 100 percent whether the relevant clause means this offer or offers in general.
At least by the time we get this dividend, it won't be so long until the next, bigger one.
I noticed over the weekend that RECI which we discussed last week, goes ex-dividend this week, and then they usually go ex-dividend again in six weeks time. I'm starting to pay more attention to the time between the dividends. They may all be quarterly, but quite often that doesn't mean every three months.