114% 1 year performance, 3.6% yield23 Oct 2020 10:50
yet no comments. Crazy. China is predicted to have a 10% GDP growth in 2021, probably the only major economy to have positive GDP growth next year due to being practically COVID19 free. Only 2 other IT competitors and one of those is 35% Japan (Baillie Gifford). It looks like the FM positioned for the trade war with the US which turned out to be the right strategy for COVID19. The only downside is the lack of skin in the game from the directors.
I think the price rise was just due to lots of news articles about Lithium (I think someone else mentioned this), maybe this lead to more interest, the sp starts rising then the technical traders start buying so do the algorithms. SP takes a life of its own, time to take profits, sp starts falling techs and algos start selling, time to top up and wait for sp to rise for real reasons.
RE: RNS - why is this REIT trading at a 33% discount?14 Oct 2020 13:21
I can see that there's going to be problems with the retail properties but these look to be a small part of the portfolio. Industrial should be safe, so that leaves the bulk, offices. The interesting thing is how many companies will move towards homeworking. There's a lot to be said for people working together in person, so I'm not convinced there'll be a wholesale move out of office space. Given the the social distancing requirements, it could even be said that there's need for more office space.
I didn't spot the 21% reduction in dividend, so I guess the accountants are expecting an equivalent loss of revenue this financial year. Maybe, a 21% discount should be closer to the mark.
RNS - why is this REIT trading at a 33% discount?14 Oct 2020 11:03
"As at 9 October 2020, the Company had collected 95.7% of rent due for the year to date, adjusting for monthly rent and agreed collection plans, which is in line with 95.6% of rent collected for the equivalent period in 2019. We are pleased with this level of collection given the challenging environment."
So not a lot has changed since pre-COVID but discount is 33%, 12.75% yield for new holders ffs. It make no sense to me, any ideas?
RE: Good news - Ganfeng must have big plans29 Sep 2020 18:52
Basically Wang Xiaoshen, chief executive of Ganfeng Lithium said the recycling plant could be near the mine (Sonora), and both could supply the North American market with lithium for batteries. I'm surprised the SP hasn't moved higher.
It looks like they've provided an insurance company with additional finance to fund their growth through gaining market share. HG seem to be good at making decisions and the share price has always grown since their IPO (the chart on here doesn't account for the share split). So, yes, probably bullish.
The U-turn in A level grading means that there'll be loads more students able to go university this year. Should mean more demand to for accommodation, should mean higher occupancy rate for ESP properties leading to reinstatement of divi.
I know that at least one top UK university are insisting that all students live near the university for their 1 hour per week tutorial, the lectures are online. From my experience educational establishments are like sheep so I'm quite sure other universities are doing the same. 3 out of 3 students I know who are due to start uni this year are doing so.
I'm expecting to see a good take up of accommodation in second half, overseas students will return to complete courses, maybe less might start new courses but this will be compensated by more home students taking up premium on suite accommodation due to COVID19. Also, as mentioned in the RNS there'll be more post grads due to the difficult recruitment environment at the moment. So assuming the accounting should work out to be a good move. Nice rise in the SP today, still a long way off my first buy in! Once dividends are restored the SP should return to normal.