Member Info for Money_Hoarder_95

119-year-old ftse 250-listed investment trust releases £33.5 million for reinvestment in physical assets

london 29 february 2024: tr property investment trust (tr property) today announces the sale of the colonnades to a private family office, for £33.5 million.

tr property carried out significant asset management on the property, adding 16,000 sq ft of new space through a comprehensive refurbishment in 2015 and doubling the size of the supermarket to 44,000 sq ft, which was let to waitrose on a 20-year lease.

the property comprises a large, fully let, mixed-use block in bayswater, constructed in the 1970s. the site extends to approximately two acres on the northeast corner of the junction of bishop’s bridge road and porchester road, close to bayswater tube station. the residential upper parts were sold in 2022 for £5m.

whilst tr property is best known as an investor in real estate investment trusts (reits) and other listed property companies, it can hold up to 15 per cent of its assets in physical uk real estate. the trust’s closed-ended structure means it is invulnerable to the illiquidity and gating issues that have dogged the open-ended property fund sector.

the sale of the colonnades is in line with tr property’s strategy to recycle capital out of mature assets.

george ***, direct property fund manager at tr property comments: “through this sale we have been able to unlock in excess of £30 million to invest into higher-yielding assets such as multi-let light industrial. having transformed the colonnades, this is the right time to exit and turn towards future opportunities and growth.”

https://www.trproperty.com/tr-property-announces-sale-of-the-colonnades-bayswater/

HSBC tumbles as analysts say results and guidance 'messy and unclear' -

https://www.proactiveinvestors.co.uk/companies/news/1041438/hsbc-tumbles-as-analysts-say-results-and-guidance-messy-and-unclear-1041438.html

That $3bn writedown on the Bank of Communications stake stings on an otherwise great set of results.

Hope tomorrow brings us great results and a high single digit share price rise like Barclays and NatWest got. Also, I'm curious to see if they'll announce how much special dividends and buybacks we're receiving from the sale of the Canadian unit to RBC.

Disappointed HSBC lost out to Barclays for the acquisition of Tesco’s retail bank.

Chariot isn't on Simon Thompson's 2024 Bargain Shares :(

So much for staying above 9p. This big seller needs to bugger off.

Hopefully we'll never see below 9p again.

Lets hope Simon Thompson mentions Chariot in his 2024 bargains portfolio in a couple of weeks. I think he has mentioned some companies multiple times in different years. Maybe then, it can go back to at least 10p.

On 5 September 2023 Caledonia Investments plc ("Caledonia") announced (under RNS number 3620L) that it had agreed terms for the sale of its majority stake in Seven Investment Management ("7IM"), a vertically integrated retail wealth management business, to Ontario Teachers' Pension Plan Board ("Ontario Teachers"), a global investor with approximately C$250 billion in net assets.

The transaction was subject to change in control approval by the Financial Conduct Authority and was expected to complete in late 2023 or early 2024. Caledonia is pleased to announce that this approval has now been received and accordingly the transaction has been completed. Caledonia's final cash proceeds were £256m.

10-Jan-24 15:56:04 9.50 10,000 Buy* 9.49 9.50 950.00 A

10-Jan-24 15:55:54 9.50 10,000 Buy* 9.49 9.50 950.00 A

10-Jan-24 15:55:54 9.50 10,000 Buy* 9.49 9.50 950.00 A

10-Jan-24 15:55:54 9.50 10,000 Buy* 9.49 9.50 950.00 A

10-Jan-24 15:55:54 9.50 10,000 Buy* 9.49 9.50 950.00 A

10-Jan-24 15:55:45 9.50 10,000 Buy* 9.45 9.50 950.00 A

10-Jan-24 15:55:45 9.50 10,000 Buy* 9.43 9.50 950.00 A

That's quite a few 10k share buys. Let it continue!

Https://www.msn.com/en-gb/money/news/hsbc-joins-ranks-of-suitors-for-tesco-banking-arm/ar-AA1mlIWC

Just initiated a position myself:

18-Dec-23 15:36:56 13.18 12,245 Buy* 12.50 13.50 1,614 O

Good to see Alliance Pharma shares finishing at 40p.

A 5% rise

The $3bn share buyback needs to happen as soon as, to hoover up lots of shares at these prices.

The share price better not drop 12% tomorrow like Standard Chartered and NatWest did last Thursday and Friday respectively.

Https://www.reuters.com/markets/deals/hsbc-acquire-citigroup-china-consumer-wealth-business-sources-2023-09-28/

Well, this doesn't look good...

21-Aug-23 13:58:28 5.502 1,779,315 Sell* 5.50 6.50 97.90k O

21-Aug-23 13:58:18 5.50 1,779,315 Sell* 5.50 6.50 97.86k O

Ford Money with 5.95% 1 Year Fixed or 6.05% 2 Year Fixed. I’d imagine you might a better rate somewhere else though.