Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nice presentation on the CREI website
https://custodianreit.com/2024/01/recommended-all-share-merger-with-abrdn-property-income-trust/
CREI couldn't pick up equivalent property on the open market at anything like the deal they are getting with this merger. API could wind down and simply sell off their property and achieve more than 62p a share. Its a total bargain for CREI if they want to expand.
OK matchbox. What you're saying is that you're only getting an additional 9% discount to the already 16% discount on NAV CREI is showing (at 79p). You're still getting API at a 25% discount to NAV.
Matchbox. You're incorrect. September NAV per API share was circa 82p. Paying 62p a share is circa 25% discount. As CREI shareprice has fallen they are getting API closer to 30% discount. That said, as an API shareholder I approve as I'm here for the dividends. I have just bought more API as I think both share prices will rise, as the shorters in API exit. The enlarged company will definitely have synergies to capitalise on.
Has there been any guidance on the next dividend date? To keep it quarterly it should be mid March, but then the AR not expected until end march. They may issue a Q4 dividend notice late Feb/ early March? To be paid in March?
New PSUs this year represent less than 1% of the share capital. The performance has been excellent over a number of years, so while on the high side, I am happy. Just keep increasing production and raising those dividends!
You have to be suspicious of the BoE motives. Rates set by a few with little accountability. Not cutting rates and allowing the UK to move into recession smacks of not being focused on the economy. Inflation is driven by many external factors. Using interest rates in this way is madness IMO. They reacted too slowly in putting up rates, and now they are reacting too slowly again. Will take 6 months to feel the effect of any rate drop. The fact that some of them voted to put rates UP last time speaks volumes.
You only need to listen to the presentation to understand how vastly undervalued we are. There are risks, but the company is diversifying, using mainly cash from profits. IMHO the risks have been blown out of all proportion, which may account for, in part, the investor sentiment.
Looks like a buy signal to me if you're now out! As interest rates go down next year this will climb back IMHO. Don't forget loads of shorters need to find a way to exit their positions in REITs. Some will try to manipulate an exit, including getting their broker mates to issue suspect forecasts. Those holding now can look forward to an increasing yield, that looks good now against gilts. All IMHO.
Impressed by the presentation today. Looks like the company has a good growth ethos. Particularly like the Redox 1 investment in a new energy storage solution using their own materials. Could be a big opportunity in the future.
I'm very happy with my recent top up that will yield over 10%, with a progressive dividend. As interest rates fall we should see a correction in the BATS share price, back up to over £30. Will take a while though. In the meantime I'm happy to collect dividends. All IMHO lol. Merry Christmas.