Member Info for Gerry557

They are swapping a £4.2bn asset for £4.2bn cash, well sort of its £3.7bn but getting rid of some debt too.

So they plan to reduce debt, up the pension and return some to shareholders. The latter two I see as potential share price fallers, albeit the company will be stronger and the pension will be less of a worry and drag going forward. The return to investors for an amount not yet specified, should be similar to a dividend. The share price should fall by the same amount as the payout as that money is walking out the door.

As others have mentioned the SP rose on the news so is being marked in. The consideration going forward is how to maintain the same income from the investment in future. Does this mean using your payout to add more shares? How will the performance be without Viridor but less debt

Just added some more of these to the PF

Yield is a laughable 12%. So im expecting a dip in payments unless CV19 is just a blip and they ride it out and keep payments at least on a level. Still its a long way off until ex divi date in the current climate so hoping that some reasonable news will start to lift this by year end.

Rents collected have been round 80% ish so a cut in divis of 50% might seem harsh but that still leaves a running yield around 6% until things actually do pick up. So if they can maintain then this could be a bargain. If lockdown 2 arrives then things could get a bit more squeeky bum time.

sounds like they have sorted themselves out now, pity

Anyone enjoying the tech talk issues more than the actual presentation.

Go on Diane!

Agreed but if the income doesn't come in........

Should we clap for the companies still paying a dividend?

Although its nice, I was expecting it to be deferred for a quarter until the outlook appears more positive and to hold extra cash over the period. I suppose they could do that with the next one if the down turn is prolonged. Still Im seeing this as a bonus right now.

I note that the dividend has been deferred or might get cut. Hopefully deferred to when times are more settled and the future look brighter. That should give them a quarter to sort some things out

As expected the placing has been delayed. The lock down and rules have also caused all companies to postpone AGMs and result announcements. Understandable I suppose in the current circumstances although I suspect that this will be extended a while longer.

No comment on trading but I suppose they have the results that they want to get out first to comply with market rules but fear is ruling the markets so I doubt even exceptional results would do much for the SP. I suspect we have another six months or so of this or worse a double dip.

What do you want a daily briefing just after Boris. There is full year results in a couple of days anyway but that will be behind the curve. Much has happened in the space of two weeks so how much more out of the park changes will we see in the next fortnight or the next half hour. Https://m.youtube.com/watch?v=E06cNv55jTs

How can they update on the share price when the ground is constantly shifting, its every share not just this one. Its a market wide drop not based on fundamentals but fear. This might change later if the fears are realised and lots of firms go under and rents don't get paid. I doubt they have cash for buybacks as they are forced to pay out the majority of income. Can't see government bailing out dividends not getting paid but then again never expected the current bailout. Time to launch Stingray

FRTEB, yep a good suggestion to buy in tranches. I have already got 5 or 6 now and was only planning to add a few on the placement but suspect that might be canned right now. A buyback might prove to be the better option right now if they were allowed to do that. Generally Im against buybacks as they always seem to get curtailed at maximum value and reintroduced when the price is much higher (see Shell today)

I thought 90p was a sound investment, probably under normal circumstances it is so it might have to be 2021 before its realised. It times like now when in 50s it might be 30s tomorrow

So much is on offer right now, including other Reits so its trying to decide how heavy those falling knives are and catching a few that might prove to be useful later without running out of cash in the short term. Still with all the shops shutting might not be able to spend it away. Doubt I will be booking the three week cruise and the ski trip is off so more in the pot than planned

Comboss the faith is being kept, Im just struggling to time a bargain. Things appear to be good prices and then continue to get even better! Volatility and madness are at extremes but Ive bought quite a few shares on the dips only to find its a deeper double dip. Im happy long term with things but dont want to miss out either and generally the biggest rises follow the biggest fall. Im just trying to make sure I have enough spare cash without blowing it all when its time to be greedy or be left with a pot that shudda been invested and I blinked and missed it.

Still some of my other shares have fallen into buy territory so its about spreading it around evenly. Looks at share price, Oh up 10% today. So will wait till days end when the money gets taken off the table or a tad longer for when the news gets worth. I suppose this is a reaction to Boris's hopeful 3 months

72p low - Blah! five minutes has elapsed since then. My "at a low" buy is already 40% down in the space of days.

Government to announce "help" with rents so might account for todays 20% drop along with the market falling anyway

When the SP is lower than the divi might be the time to buy.

"Or I'll be holding my head in my hands wishing that cash was in the bank as there are two toilet rolls for sale"

80p - As that famous cartoon character often said "Doh" the only silver lining is there are no toilet rolls to buy if I still had that cash

A bit of video conferencing wont use as much as Nexflix and online gaming. I doubt many will be able to do all three things at the same time. If they are working and learning porn will be down too.

Priority should be give to Vodafone share buyer!!!

Not sure how much strength I would base on that position.
On 25-Feb-20, David Thode paid 151.00 per share and bought 203,653 shares. So much for sleeping well. Dreaming about what he might have spent his 30 percent losses on maybe.

Most get discount or long term free shares and some earn several millions a year so £200k isn't that much in the scheme of things. A decent amount of their own real money might be more tempting.

Still it's not a bad price so good luck.

I hope income won't be halved but there might be payment holidays or increased CVA's from some companies if drastic action on curtailment continues for a long period.

Still this is at lows, big discount to NAV and I'm taking what is on offer now as I suspect the placing wasn't going to be done this low. So for a smige over 90p I am adding a few more but unlikely to take part in the placing........ Unless its a a bigger discount!

Now off for a run to get my head out of the markets for a while hopefully thing swing back up just as quick. I suspect things will improve more when the ex divi season approaches and cash returns start looking more attractive.

Or I'll be holding my head in my hands wishing that cash was in the bank as there are two toilet rolls for sale

Fallen a tad but much less than the market. It is now lower than the offer price. Is it worth chancing an almost guaranteed 4p gain.

Probably more shares offering better longer term prospects currently on offer. Might have to check the dates of the offer again

Tulips!

Cheers Mandrill for taking one for the team.

Although I suspect it needs me to join in with you for maximum effect.

Don't look now. duck n cover!