Member Info for philpot1001

That's weird....Makerfield election results have cratered VGOV (spiked bond yields) but this has risen lol....i give up tying to predict stuff anymore.....that said i have been buying the dips sub 91p here so i am happy

Appreciated, but just to highlight again the SMT NAV is not currently reflected in the SMT SP, depending on which NAV you choose to use, we are currently talking a maximum discount of about 11% to NAV

Interesting that BLND (another bond sensitive REIT) has fully recovered since the Iran war, but PHP has not.....also of note looks like bond yields have dropped over the past month or so, but PHP has not really responded......i dont have an answer why, just point of interest im mulling over

Fair enough - but look at the tesla share price 10 years after its IPO, which is where we are at now with SPCX! OK once its semi matured you may see the volatile nature, but IMO during the growth phase thats "probably" (/hopefully) swamped out ....as ever these IPO phases (and by inference SMT SP near term) are a bit of a gamble, you pays your money, you takes your choice ......personally i am aiming to stick with it

I'm not sure my opinion is worth too much TBH, but for what it's worth....ignoring day trading advice, as i dont have any, Musk tends to be successful and i expect SPCX to be as equally successful as his previous adventures. So long term IMO this will give further uplift to SMT. Regarding the tie in period, frankly i dont think that makes much difference, SMT have been vocal that they are holding on to the SPCX shares for the near term as they see value in them (plenty of new on google on the subject matter and their opinion). So i cannot see them selling much for at least 12 months

Obviously caveats apply like any global meltdowns, and whilst i am not a chartist, i do believe trading algo's at least use them to a degree, so they can become self fulfilling prophecies, so a profit taking drop could well occur (cup & handle). I am pretty well invested here, but if SMT drops significantly and / or the discount spreads to anything >15% i will likely be taking advantage and topping up.

SPCX is up again today - as Mecanopsis pointed out todays NAV RNS will be lagging a bit, so in reality the NAV here will be >1650p, next few days will show us....but i estimate the discount to actual NAV here to be now about 12-13%, maybe more

For me, my current stake in SMT is a "keeper". I am effectively paying them to make the decision about selling any holdings on my behalf. That said i was probably overweight in here a while back so top sliced to rebalance.....now wishing i had just sat tight :-D .....but i am happy with my decision really

that said, i am currently similar to you as i'm up about 80%.....if global politics looks like exploding, or equivalent i may well heavily top slice in the future

Bl00dy typical....i just triggered a BED & ISA with my GRI shares this morning to transfer them into an ISA wrapper. No doubt i'll miss out on any gains in the next few days

Hope this doesn't get taken out - the bid will be a low ball offer against what this is worth. This is a company that is gunning for £1Bn PBT (when the world conflicts settle) and the offer would be less than 600p IMO....I'd rather just hold long term personally and let the company grow

If Burnham wins Makerfield i can see gilt yields rising again, definite risk here....that said if reform win Makerfield stymying Burnham this could spike quickly

Nearly bought a chunk here at 18.5p a few months back...regretting not doing so now! typical...have been waiting for the over exuberance of the USA investment to die down, but doesn't look likely anytime soon, so bought a small tranche today. If it does die back i will take another chunk and average down

Held here for a few years (this and L&G Global 100 fund, basically similar beasts)....looking to add on any weakness, but it doesn't seem to have much weakness lol (unless there is global calamity, thanks Mr Trump).....its a pretty incredible performer

Whoops 2.7% not 2.9%

Net tangible assets dropped 2.9% - close to market drop today, so i'd say that's the root cause of the drop in SP ....other than that results seemed OK to me

Ahhhhhh looks like results came out today, although not shown on LSE RNS....that explains the drop (although not dug through the results yet(

Ignoring todays drop for now, i did a deeper dive into the company yesterday. Looks like a significant discount to NAV here (not too unusual for REIT's, but quite a bit bigger discount than most!). Difficult to ascertain why, only reason i can come up with is the pretty large debt overhang (> MCAP which seems large IMO), but that "should" be being eaten into soon in theory (although previous financial year saw an INCREASE in debt not reduction which concerns me). Anyone know what the high debt levels have been used for? Expansion?

I would be very interested in hearing other peoples more educated input on the above? So far i can't get a grip on GRI, bargain or perpetual falling knife?

Drop here today with other REIT's up? Saw an article earlier where Labour member was saying Labour are letting down renters - related? Something else? Not sure .....for sure if Labour hard left start hammering landlords further wont be great for GRI

Sold all my private rentals between 2022 and 2025, started drip feeding into some REIT's this year. Been buying what at least appear to be under priced PHP with an average of 91p and BLND with an average of 346p. Just bought in here at 159.8p, and may add more, however i admit i am slightly concerned the reasons i left the sector individually (renters rights, legal bureaucracy "may" negatively affect GRI. That plus the shorters appear to be gathering and its been a downward trend for several years also concern me and prevent me diving in deep. Fingers crossed its just the gilt yields dragging down the NAV and is a passing storm.

At the minute i am drip feeding top ups any time it goes sub 90p, hopefully tis a fairly safe bet. Still keeping about 30% cash though in case the orange moron goes and does something even more stupid

While the gilt yields are rising / high this and most REIT's will be depressed... that said i am currently making a leap of faith we are close to the peak gilt yield , so starting to load up personally