Member Info for NalaKapala1

Whether related but interesting that SHED with the higher yield has bounced >3% whereas BBOX is up only >1%. Probablt is causing a drag

Similar view to yours TD (not Waterhouse is it !!) Ive said a number of times this past year that the divi/yield needs to catch up to the sp as its too light. I think you may be a tad under at 6.7 - 3 at 1.675 and hopefully 4 will be fattened as best as poss but should be enough to give us 7.0p but at current price still only gives <3.9 yield which doesnt compare favourably with SHED at 4.6 and then say HFEL (fund I know) but nearly 8% yield which in todays climate is very attractive and twice that of BBOX. As they have to pay a set amount of income to divi I guess there wont be much spare for wriggle room and if the divi starts to drop as a result of consumer belt tightening then there could be trouble ahead as the song goes. Not that we are not in it already ! Thats my penneth anyway

Hopefully but Dow has taken a bit of a bashing and we tend to follow. Some good news would be in order for a change

Its hard to disagree with you. Now about 15% discount to nav - maybe more after this am's announcement. One things for sure imo is that this sell off is way over done on sentiment and maybes alone . There can be no figures or calculations that support it. I would imagine buying at these prices must be close toa certainty for banking profits at some time in the not too distant future. Its what as an investor I used to look for - sound profitable company paying decent dividend at a very cheap price with growth potential ( more so now than a few weeks ago) and cheap because imo the market got its knickers twisted during a panic attack. I topped up at 195 thinking it was overdone. Im sure it is now.

Yep. Anyone who has held for any time or anyone who is in the red would be silly to sell at the moment imo. I would imagine there isnt much further to fall - its already at over 10% discount to NAV and about 25% of its high. Its probably gonna take some time to steady the ship but to date the company has done little wrong. Also imo sheds and boxes are almost a staple rather than a luxury and whilst trade volume is obviously going to be down I cant see rentals or take ups being much affected

Come on a bad day though I reckon. Could be a bit of a blood bath today - on top of last weeks :-(

oh and as I see it Portland/Infastrata whatever it was has done the heavy lifting - they had done the surveys, submitted the plans and got planning permission - it was as I remeber just the cash. So given that this should be more forthcoming this has the potential to be a real mover imo

Morning fellas. I have just read about UKOG plans to develop gas storage in Portland. Immediately grabbed my attention and had to read around to refreshh my memory which is still a bit patchy. I was in Egdon Resources initially which searched for oil and gas in the UK. They then hit on the gas storage project and changed their name or split and I think it then became Portland Gas and then Infastrata - I struggle to remeber that clearly but I had big hopes for the gas storage plans.

This is from the Dorset Echo 2009
THE dominant position of Russia in the gas export market has heightened the need for gas storage facilities in Britain.
The country has small amounts of gas storage space compared with some of its European neighbours and the Government is now seeking to increase energy security in readiness for when North Sea supplies run out. The recent escalation of Russia’s gas dispute with Ukraine has highlighted the risks of a European energy crisis. The Parliamentary Business and Enterprise Committee says Britain urgently requires a growth in storage capacity.

This is sureley even more pertinent now.

Whatever the company was called at the end (I honestly cant remeber) they ran out of money. They werent supported by the government or investors as I remeber. I was really disappointed as I thought the country had missed a trick and still do. I was pretty excited to see that someone had picked up the baton. I know nothing about UKOG apart from what I see that it fell from grace quite a few years ago to its present lowly position (explanation anyone please?).
Just pleased to see this roll again. I would hope that as the country has now woken up to the dangers of having no energy storage finance would be more easily available and on the strength of that alone I am back in - I had thought the ride was over. Second time lucky I hope

That RNS probably gives you your answer. They have certainly bought some over the last few days. £300k worth yesterday. Lets hope their confidence is contagious and that it takes some of the mystery out of the NAV that Clive referred to. It does look like the bottom has been reached looking at todays trading pattern. I dont agree with Clive that he can see it as low as 150. Too many valuable assets. Amazon may have over done it a bit over lockdown but I doubt they are going bust. Rents are covered for quite some years and hopefully we can have a period without a banking crisis, a war, an epidemic or another totally crap government. Well just maybe

I agree with all of what you have said. Half of me thinks this is too cheap to turn down - about 9% discount to NAV and especially as stated previously three directors recently bought in after the drop. There was also an interesting issue mentioned in an article posted over on ADVFN which was that after many businesses were caught out with the disruption of the just in time philosophy many are increasingly using warehouses to store materials. Anyway I suspect/hope this is overdone so have had a little dip today at 195 odd. Only 1k but Im just trying to be proactive I guess - or stupid. Like you though the future is very clouded to my view. I think it will rise -the rents are pretty much assured fairly much into the future and there are more sheds in the pipeline which are already spoken for- but not to anywhere near the recent highs any time soon and also like you I would like to see them increase the dividend as its not the greatest currently. To be honest Im a bit shell shocked by the last week or so. My heads still ringing :-)

oz
Agreed and my thoughts too. Ive been thinking of buying for last couple of days without being decisive. 3 directors have now bought in. They have put their money where their knowledge and expectation is. I suspect if this doesnt crash through 200 Monday then the bottom has been reached and I would 'EXPECT' a fairly rapid rise to around the 220 mark. I will see what happens but am fairly sure I will be buying Monday unless I am totally wrong or simply too late because I wouldnt expect much movement above 220 for quite some time. Just MO of course

Now around 4% discount to NAV. The sellers are getting braver - there cant be much further to go - can there ??

Yep. Both have Tritax as manager but are different funds.
This is on a doom curve - there seems to be no bottom to it. I will buy more at some point but goodness knows where that point will be. Its crazy that after such a positive update and based only on a comment from Amazon and after two managemnet buys yeaterday this has fallen so much. the market really is inhabited by a set of nervous wrecks

ecommerce and logistics seem to have been singled out as the whipping boys for the current and medium term squeeze. I was in Manchester airport the other week and the only squeeze I could see there was at the check ins and the bars - 30 min wait for a drink and at around £6 a pint. The media love to create a crisis but perhaps not as much as the stock market. I dont suppose theres any chance of any of them running a story about the squeeze easing the pressure on driver and other worker shortages or relieving the demand for fuel. No thought not. Only misery keeps em happy

Divi could have been better I suppose. Still they were bang on cue.
Funny people investors.. Nothing really can be see this week that couldnt be seen last week. The co reports they are in good health yet the sp falls off a cliff. Its like toilet rolls in Tesco. Some media outlet says there are none and hey presto - there are none

No one is obliged to respond to emails. However for simple requests a response should be a matter of courtesy. I have had promises from a front line phone answerer to look into issues that I have enquired about and never heard back which definately affects my opinion of the company. I always assume that those that can accommodate the small people will be in total control. I once had a conversation with the CEO of a company who took my call - that was brilliant for the insights he gave me but mainly for his willingness to communicate with we tiddlers. Also had replies from CEOs thanking me for being a shareholder and having confidence in their company. It gives me confidence in them.
Interestingly I was reading a comment the other day on a blog somewhere that they were undecided as to GRID or GSF but they had reservations about GSF management so went with GRID.
If I was you and really wanted a reply I would email again and express your dissatisfaction at the lack of a response - unless of course you emailed them on Monday ;-)

The last update was solid. No reason for this to slide only general sentiment - the 'kick one and they all limp' syndrome. Squeaky bums due to Amazon less than its usual atral performance. No ones gonna escape the current climate (especially retail and distribution) but that dont mean the wheels have fallen off. People are not going back to the high street and that means sheds and last mile - the market for those is by no means saturated yet no matter what the IC says.
At just 2 % above NAV this is well oversold imo. Last year there was a trading statement and dividend announcement early May. Would be nice to get a strong one this week - like tomorrow :-)

Aviva unloading for someone. 40K unloaded for someone the day before. Still got over 80m (as far as we know at the moment - may be another RNS tomorrow. Maybe the threat of recession is putting the wind up some. I think they need to up the divi

I keep watching this. What I find fairly novel is that a company with a large factory but virtually no orders raises a lot of money to build another large factory. Will they divide the no orders between the two , is there an overloaded pipeline about which they are keeping very quiet or is it a religious type of faith?

Not good. No lift in SP upto ex div and a fall in sp beyond the 5p on ex div day. Gonna take something special to turn sentiment around methinks. Still it is Easter - the time to raise the dead !!