Member Info for Gerry557

What sort of Oman, hopefully not Damien although the devil is in the detail.

I think I have managed to aquire my Town shares as the contract note has been emailed, I'll check the account tomorrow. I also have their dividend to collect as well as its pay day. Unusual to reinvest on the same day as the divi.

Mr Market pushing up again not sure what's causing that, a relief rally maybe. Even RGL has joined the party.

A contract note has been emailed so I assume I've got my extras.

You are right about the markets being all over the place. Just tried to add some more Town but cant get a price.

Tried to buy some more but cant get a live price.

Stuck in a limit order, lets see what happens.

Welcome saintly. I have mixed feelings. Im still trying to get over the placing at 106.5 a while back. That is a 30% drop in capital! so things might not always look great. I have to remember I have had some dividends to offset those losses along the way and a steady and increasing dividend stream is always welcome.

They also suffered in the pandemic and from memory the divi was cut. So it pays to have other options rather than all eggs in one basket. Then there is the sheds v offices question fortunately I have one REIT on each side of the argument so it balances itself out.

Hopefully come the new ones will be adding to the credit side of things to balance things out. I thought Id timed it well yesterday ending up in credit at the end of the day but looks like the rest of the PF is in the green but yesterdays gains here have been taken away.

I suspect we are in for a big dipper ride so hold tight

The discount continues to grow. SP under 74p and my last top up is underwater. New properties added today also.

With the SP below its 200 day average, trading on a 20%+ discount, yielding 9%+ and what looks good metrics I have added another batch. In face several REITs are down. Probably on interest rate and recession concerns.

It was a bit of a toss up between TOWN, SREI and this. Sell in May was right this year!

Daytradenovice, Thanks for the insight into both companies. I didnt know about the water in the Scillys, I might be more careful next time Im visiting.

Unfortunately, Im already invested. Partly because I was a holder previously and did very well until I sold. The drop has brought me back.

Yes the results look good but from memory I think they bought most of that after doing a big ish buy recently . Still it nice to see the divi bumped again and the LTV trending lower.

SP has dropped off its highs but for me the divi need to get back to its high from the cut a few years back.

Well I was hoping Uncle Doug would come back to explain how he got to his conclusions just to make sure we are not talking apples and pears. Did he take into account PNNs return of capital? Maybe SVT did the same or more as I wasnt following them.

Even the 2 year 60% metric is difficult to align. SVT up approx. 15% PNN down just over 5% excluding divis Even so PNN had been above SVT in this time period so need to clarify exactly where things start and what it includes . Maybe the 60% difference excludes PNN selling half itself which then puts it into better context.

Without Uncle coming back to explain, the figures dont mean much, well to me anyway.

Im not sure about an agenda, then again I wasnt following him or looking out for it. Ive seen the name on this site and I think we follow a couple of the same shares so will allow him to defend himself or at least place his comments into his context.

PNN picking up a bit

Well I have added a few more this morning. I'm still note totally convinced but it should keep ticking over and bump the divi every year.

Profit down 99.1% I doubt will be the main headline at the meeting this morning.

This was my steady eddy but now after selling out and then rebuying a few back I'm wondering about where to go with this. The yield is still on the low side but will increase over time. There seems to be more difficulties ahead, costs increasing at a time of heavier regulation.

If the yield was higher I think I would probably be buying back the rest. I was comparing this to ULVR. Same yield, both with added input costs but maybe more scope to increase over time. Pity its just jumped 7%

Unilever named Nelson Peltz as a board member.

Is that the reason for the bump in share price?

Hi Uncle Doug. where did you get your figures from?

I did a quick look and apart from the period from Nov PNN was holding its own or faired much better. PNN sold half of itself so that might account for some of the difference. I used HL charts and over 5 years PNN was ahead most of the time.

Still when I sold PNN, if I switched into SVT it might have worked.

"You will not get the divi if you bought through a broker as your trade will not have settled."

Fortunately that all gets covered by the settlement dates and times. The dividend is often paid much later than the ex divi date so allows time for the last day adjustments to take place and you do get your dividend.

If you bought today, you get the divi.

I will open lower tomorrow morning by the divi amount

As the discount on these is increasing, I have added a few more to the PF. I goes against the sell in May advice I know.

Expect an announcement on the dividend later this month, 25th I think. I hope its bumped a bit again this year.

Thanks

So why the drop?

5% Drop? Ex divi tomorrow isn't it. Have I go my dates wrong

But what are the divis paid from if more than earnings?

Options, trading and or the reserve.