Member Info for Money_Hoarder_95

Latest RNS:

"On 12 November 2025, Glenstone made an indicative cash proposal at 66.5 pence per Share, without evidence of funding. At the time, this proposal represented a discount of 20.8% to Alternative Income's stated Net Asset Value ("NAV") per Share of 84 pence* and an 11.3% discount to the closing price per Share of 75 pence**. "

If Glenstone make another offer before or on the 12th June, the offer price better be more appropriate than the last offer they made in November last year. 66.5p per share is an utter joke. The AIRE board should at least seek out 77p per share or above.

My guess is both sides couldn't agree on price (AEWU & AIRE have a fiduciary duty to get the best deal for its shareholders). As for financing the deal, this trade would most likely have been an all share merger as opposed to a cash deal.

Sadly I think AIRE is incredibly vulnerable to another bidder. Just a matter of time. As for AEWU, they might consider the same strategy as CREI; to acquire small family owned real estate companies to gain some size and finance it by issuing shares on the market, so the family becomes a shareholder. Raising money in this environment (like RCS0950 says) is not justifiable.

The way the share price is acting at the moment, the market possibly doesn’t believe this deal will happen. AEW’s share price (like the rest of the market) has weakened, so maybe the market thinks this deal is now too dilutive for AEW shareholders to digest?

I’m a shareholder in both REITs, but I don’t mind either way what happens. I just like to continue receiving generous quarterly dividends.

I know consolidation is inevitable in the REIT sector, especially for smaller REITs like SREI but I want SREI to stay independently listed. I own shares in both LMP and SREI, so I’d would probably have to trim if a deal happens.

The listed REIT sector gets smaller by the year. :(

It would be nice if Schroders merged this REIT with Schroders European Real Estate (SERE) to give both reits some scale so that institutional investors can invest.

Apollo considered M&G as takeover target

https://www.ft.com/content/a84eaae4-0329-4dc3-b0ad-53e44dc229c4

"Caledonia Investments PLC on Tuesday said it has sold its minority interest in Stonehage Fleming Family & Partners Ltd for cash proceeds of GBP288 million...

It said the proceeds, combined with dividends received to date, will represent a multiple on invested cost of 3.2 times. Caledonia bought its initial stake in Stonehage Fleming in July 2019."

Not a bad return on investment. Caledonia also made another great disposal in 2023 with 7IM. Yet, the market continues to undervalue this investment trust big time. Admittedly, positions in private companies within an investment trust will always have a discount attached to them but the discount for Caledonia shares are too big considering how successful Caledonia has been disposing companies at an attractive price.

I wonder how the delay could be on British Land's end?

I received my full dividends (split into two; dividends and property income distribution) from British Land on the 25th.

A couple of huge sells today:

15-Jul-25 14:45:39 57.50 973,884 Sell* 559.98k O

15-Jul-25 14:43:19 57.50 4,000,000 Sell* 2m O

On the LSE Shares News tab: "Looking ahead, it will "look to exploit growth opportunities for the company" including potentially issuing equity."

Good to see the board are thinking of potentially issuing shares to buy more properties. Just hope the discount doesn't widen. A £168m market cap makes the REIT vulnerable to opportunist takeover bids. I'd rather it remain on the London Stock Exchange, earning me and other shareholders a juicy 7.6% dividend yield.

The chairman's comments in the overview on the half year report has me concerned that this REIT will likely follow the trend in the sector of winding down, all to do with the huge persistent discount to NAV.

"Despite no formal notice to terminate the lease, we believe KPN may vacate the premises at lease expiry"

This also concerns me because they are the REIT's biggest tenant, accounting for 18% of the contracted rent. Hopefully, the fund manager can get this issue sorted as soon as possible because otherwise that juicy dividend is going down along with the already depressed share price.

*1,176 on the LSE.

37,200 on the HKSE.

A paltry 1,176 shares purchased by Morgan Stanley today.

Good to see a potential 10:1 share split. Might attract more retail investors and lower the discount to NAV.

The bid-to-ask spread is 4.3% which is usually caused by small trading volume. Only £53k worth of trading volume has occurred today.

WeBull is currently up over 300% on IPO day. WeBull is 1.4% NAV of RIT Capital's portfolio (as of 2024 Annual Report).

Roughly £14bn market cap lost today. Big oof!!!

Citigroup upgraded HSBC target price to £10.70

Simon Thompson's picks are:

Tavistock Investments

K3 Business Technology

Carr's Group

Volvere

AssetCo

Crystal Amber

Creightons

Agronomics

I sadly bailed out back in November @ £7.33, thinking it will go back down to £7 or below. What an absolute disaster :(

That's what I get for trying to make a small profit by trading it regularly.