Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
I am an ex-LXI shareholder and glad to be part of the enlarged business now.
"The Merger creates the UK's leading triple net lease REIT with a highly efficient and internally managed structure and a well capitalised balance sheet. The £6.2 billion portfolio is aligned to structurally supported sectors of logistics, healthcare, convenience, entertainment and leisure with a strong exposure to assets that are mission critical to occupiers. The Company's sector leading WAULT of 19 years on FRI leases and 99% occupancy provides a strong platform for income longevity and growth with a high exposure to contractual rental uplifts as well as reversionary open market reviews."
Once interest rates get cut 0.75% in 2024 hopefully this will perk up!
GLA
This is brilliant.
"Blockchain was added to the business plan in 2018, then in 2021 to the corporate name. Quantum Blockchain Technologies, still run by Gardin, has since wrapped its collection of distressed legacy investments and legal claims in crypto jargon."
Debt is the millstone around lots of businesses, look at BT or VOD.
Looking at CPI 2023 Full Year results the word count on "debt" is 88 times.
I wouldn't compare debt to market cap, I would compare it to cash flow as the ability to service debt.
"Net finance costs increased by £20.5m to £52.2m (2022: £31.7m), primarily attributable to the higher interest rate environment and run-off of low-coupon debt."
That says when interest rates were near 0% CPI loaded up on low interest rate (coupon) debt, these loans need repaid or renegotiated at higher rates.
Investing is a learning game and beating the market is not easy at all.
I used to put all my funds into single company shares but stopped that when I realised I was fighting the professionals who had more access to data and info.
I invest in Managed Funds and Investment Trusts and only dabble in single company shares, any single company share is high risk. They could have the best product but if management execution isn't up to it then they can waste away easily!
If that actually was their reply it quite impressive. Many companies wouldn't bother would they.
The nonsense here is they should be in an ideal position, producing a sought after asset that is in short supply.
However they over spent with overly aggressive expansion first time around 4 years ago.
I am a former employee after taking a redundancy settlement in 2020.
I worked 11 years at Capita IT Services, the glue the held the ITO and BPO business together.
I saw a top heavy poorly managed business acquire growth by buying its way to about £13 a share.
They are probably even worse now after selling off anything that they could to get solvent.
Adolfo will should remove 1000s of £60K to 80K middle managers and flatten the org structure empowering employees
Unaudited net asset value per share at 29 February 2024
Caledonia Investments plc ("Caledonia") announces that its unaudited diluted net asset value per share ("NAV") as at 29 February 2024, calculated on a cum-income basis, was 5201p.
Agreed and London Metric Property just spent £13M acquiring a logistics business
"As evidenced by today's update, we will continue to reposition parts of the portfolio with an emphasis on growing our exposure to logistics which remains our strongest conviction call and is delivering high organic rental growth. We are also seeing interesting investment opportunities arising from debt refinancings and fund redemptions and the acquisition announced today is an excellent example of an innovative transaction that leverages our strong relationship with the developer and offers an attractive return profile."
The market is saying yes, the offer is 175p and we are above that already
o 172.5 pence in cash (the "Acquisition Price"); and
o a special dividend of 2.5 pence per Spirent Share, in lieu of any final dividend for the year ended 31 December 2023 (the "Permitted Dividend").