Member Info for adv11

BMO COMMERCIAL PROPERTY: Trust heads back to being a hot property after gruelling 15 months.

https://www.dailymail.co.uk/money/investing/article-9607509/BMO-COMMERCIAL-PROPERTY-Trust-backs-hot-property.html

Sorry site not working very well.

Just added 1000 at 110.8p

Just added a thousand at 110.8p. May go down further, who knows ?

Watch the price this morning, should get at least half way to the placing price, probably below it next Thursday.

yes it's a "withholding tax" - still a great dividend of course, but some anomalously means that bank based stockbrokers are authorised to reclaim the tax, where some claim 15 percent back, and a few get the whole lot back. I got a refund after making an official complainint against my stockbroker, but I had to accept that future dividends would be paid less 30 percent which apparently Computershare withhold. Spent many weeks reading US tax documents online.

Not quite as long as me lordloot, so I feel your pain. Although it looks like one of the large buys demanded their money back at just after 5pm.... so you may well be getting a knock at the door. (smiley face)

Look at DGOC on this board for all the history GreenKitty.
Complications are that if you use a bank based share dealing company (lloys, Halifax, I-web etc) you will pay 30 percent tax on dividends and there is no way round it. Elsewhere you need to research and fill in a W8-Ben to reclaim some tax, but it's very complicated. Took me over a year to get nowhere with the tax situation.

I don't think you can wait martyn - the PB offer closes at the same time as the bookbuilding (unless I am wrong).
I've used PB twice, and had initial problems but they were very helpful and I would use them again. But... although I was initially excited by the offer, having given it some thought I don't think I will bother. Firstly, my DEC shares are in my ISA, so any PB shares would have to go in a different account. I may not get enough to make it worthwhile, and I'm still paying 30 percent tax despite everything I have been through to get the situation rectified. So, I think I will wait, maybe add if the price collapses tomorrow. The bonus of course is that you will get a free dividend when it goes ex-dividend next week .... but that will be coming from our current investment in the company, so it isn't good news for current holders. Decisions, decisions. !

wonder if the couple of large buys were down to lordloot's ramping ? Hopefully they won't sue.

Thanks for your comments CSD. Afraid I missed your post until the latest addition.
I am really happy with my portfolio at the moment. For the first time I have everything covered that I want to be in, so am sitting back for a while. The shares I have sold over the past few months have proved impossible to get back in without paying more, so I am only intending trading BP, Shell, IMB and BATS at the moment. The ones I am still well down on, like NRR, PCA, and BCPT, I have averaged down as far as I dare, so will sit and wait.
I'm not too sure the market is due a big correction atm. Who knows ? Looking at some of the shares I am up on, you would think a fall was imminent, but I hope not.
On the initial Covid fall I found it very beneficial to sell quite a few shares on the way down and reinvest when it looked like the bottom, which had a fantastic effect on my yields. I'm 15 percent up on AEW UK at the moment, so it would be easy to sell and take some profit, but it's also a great yield. Best wishes.

... of Investment Objective, Policy and Manager.
RNS not yet showing here.
Sounds like this may no longer be a viable dividend investment after the June payment.

It's down, down. Every day for a week, sinking like a stone. Why aren't the resident rampers buying to increase their 4.8% yield ? Why aren't those billion pound companies snapping up the shares for their long planned takeover ?
This company is an embarrassment.

My particular favourite is Victory Park Capital/VSL. Some people are wary of this type of company, but they pay a massive dividend, I get over 10 percent yield. They are also currently on a large discount and buying their own shares. They already own a large number of their own shares and the directors also own a large amount. I would love to add more but am already well over what I set as a maximum investment. And they are due to announce next divi any day. Similar companies are RM Securities and Real estate Credit.
I only now invest in quarterly dividend payers as I get bored with twice a year. My biggest success at the moment is Chelverton, closely followed by Regional REIT. Up over 60 percent because I invested at the right time.
Currently in 67 companies having sold Shell and BP last week, with an average yield of 6.04 percent. Based on my buying price. This quarter and the last have been amazing. Just need NRR to restart dividends with a bang, and PCA to start playing fair.

Results are 3rd June 2021 so presumably that will include the dividend announcement. -
"Following our Full Year results on 3 June 2021 we plan to host a Capital Markets Day in September 2021......"
Must admit I have gone way overboard on NRR in the past two weeks. Got my average down to 133p from a massive 351p in July 2017. Fortunately most other investments that I kept after Covid have recovered much better, and all are now paying decent dividends again. Whatever, I'm intending sitting back now, collect the dividends and hope for recovery. Good luck all.

Hi CSD. Sorry I missed your reply to me. Sorry for having a go at you. It's every man for himself when it comes to investing, and I generally see these boards as being infested with fakes and con men, so I don't try and make friends on here. I kept seeing your name on most of the shares I am in, and usually you seemed to be bragging about short term gains on quarterly dividends. Of course, it is your right to do whatever you wish. I just don't like seeing people trying to persuade others what is good. Had a spat today with another regular poster who advised me that PCA was going to get taken over. That was two and a half years ago and he is still telling the same story today. Great dividends as well, but fails to mention they have been zero or almost halved over the past year.
Anyway, I was doing ok with dividends until I started talking with a company director on Twitter some years back. Listening to him, and his thousands of followers on these boards cost me an absolute fortune, and I have worked hard to earn that money back. I actually retire today. I have shares in two AIM companies left, and everything else is in 70 quarterly dividend paying companies. I tried trading them for a couple of quarters, but I soon learned that the only way is to get in cheap, top up when needed, and stick with things. The last two quarters have been the best ever - I have sold out of a few companies where the profits totally outweighed the potential dividends, and I do aim to get back in asap. But mainly, I just let the dividends roll in.
I am sure we would get on well in real life, I do wish you and every honest investor all the best.

Now I am at my computer, let me express myself a bit better. Remember I was actually agreeing with you in my comment.
I first invested in PCA on 29th. November 2018 when I was building a portfolio of quarterly dividend paying companies. The price was 297p, and you were ramping the company as a great prospect and a takeover target, which you are still doing. This is what you said just before I invested. - QUOTE - I suspect a big boy has spotted the game-changing quality of the York town centre site and might be trying to build a position here. Tightly held so might go back nearer the £3.50. Or higher if they poke in a bid. If not, post York, in 2020, I can see £5 here depending on market at that time. Either way, I shall stick around and take the fat divi. UNQUOTE
I continued to build my position at 311p and 330p, The quarterly dividends were 4.75p which gave me a quarterly yield of 1.6%, dropping slightly to 1.58% as I added, which I was very happy with. Then Covid happened of course. Probably not your fault unless you holidayed in China at the time.
We missed one dividend totally, and then the dividend was cut to 2.5p, which gave me a quarterly yield of 0.86%. I added twice but still only achieved 0.92% quarterly yield.
So I believe it is time they upped the dividend. If a company like RE Investors can pay a massive final dividend recently, I am sure PCA could.
Another concern is that I recall a report saying that they were not including sales at Hudson Quarter in their results ? I found that worrying. What is the reason for this ? I haven't got time to delve into the accounts at the moment.
So, two and a half years on you are still quoting the company as a take over target, presumably to lure investors in and feed your investment. What proof have you got ? Any reason at all ? I ask because I am not as sophisticated investor as yourself, and personally would hate to mislead anyone.

Because it was cut and hasn't been reinstated. My average yield is over 6%, but rather than use current yields I use the actual yield based on my buy in price, which is still below what you were recommending it back in the day.

it would be nice. I can't help getting the impression PCA don't care much about their shareholders and only tell us what they have to. About time they paid us a decent dividend.

A special 5th. Interim dividend. That puts Custodian on my list of companies who actually care about their shareholders. It's a short list !