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320p before covid 310p after.
Nothing has changed at the company other than a significant increase in profits and dividends.
There is no reason therefore why it won't climb back to those figures.
Maybe David bent can give us a reason?
Davebrent
"I'd rather be a moaner than someone who doesn't take responsibility for their own actions."
Clearly investing isn't for you. If you dont have the patience to live with lows then you shouldn't be investing. I would advise taking out a building society account. One that pays more than 8.3% dividend.
Gary59
"patience is definitely the name of the game here."
Exactly, it's called investing.
It appears there is quite a few on the forum how don't grasp the basics.
Remember all, this hit 320 before covid and 310 post covid.
If profits and dividends keep on rising then only an idiot would think they won't do so again.
"wishihadnt
The matter is being dealt with as per the RNS update.Still looking to double my investment over a three year time frame whilst collecting the very generous dividends.We all have our different attitudes to risk which is fair enough."
I doubt you will have to wait that long.
I am thinking 2 years assuming no take over.
As long as they sort the ludicrous amount of housing associations and those run by incompetent directors.
As an aside they receive the rent how does it go missing between them receiving it and paying it?
I would say running costs like directors pay.
"I've taken a lovely profit and reinvested it in FTSE 100 companies paying 9% dividends"
Unnamed in case others will come up with a different view.
"You need to research properly "
You have no idea what research I have done.
Your "i am superior to you" view assumes that others using the same research can't come to different conclusion" wrong
"posting on here trying to help others." Your not trying to help others your saying I am right this what you should do.
Bye mister Mainwaring.
"@SD235 Yep it's currently 11% and Inclusion is 31% of the company. If the Regulator goes after them watch out."
Watch out for what?
They merge them with another housing association?
Feel free to explain that meaningless statement.
Now you have sold out you want talk down the company?
Why, if it is that bad did you buy in the first place?
Didn't do your research.
I've taken a lovely profit and reinvested it in FTSE 100 companies paying 9% dividends with so much upside once the so called recession is over so I'll get the possible upside in this company without the risk - it's a minnow with high risk.
You need to research properly - and be polite to people posting on here trying to help others.
"@SD235 my last post. Have a look at what happened to HOME REIT.
Everyone else good luck."
I am well aware of what happened to HOME REIT what's your point....all social housing is the same? All are corrupt etc?
"Good luck to everyone else"
Wow that is a snide comment.
I never said they could cover there and clearly said so.
As in "i am fan of covered dividends if they can’t cover them due to loss of rent, then i am happy to take the resulting share price fall. i will cry though!"
mattthebrave
i can't find anything "they collected 91.8% of rents owed,"
ie that number. as you say my space is involved then that would reasonable.
i have my doubts they will be able to claim it back from the council after all they have paid it out.
not that it matters. as stated if the regulator gets their **** in gear this could be sorted out possibly even short term (a year).
i am fan of covered dividends if they can’t cover them due to loss of rent, then i am happy to take the resulting share price fall. i will cry though!
"Divihunter aka corporal jones
Unfortunately Auckland Home Solutions now served with an enforcement notice. It's only 3% of the portfolio but a concern. I took my profit on Tuesday after buying a large chunk - I'll only but a small chunk now. Good Luck All"
Don't panic Mr Mainwaring!!
how many reits have some rent arrears? And I am not just talking about social housing. Its not even 3% rent arrears. It's just 3% of the rent roll some of which is late.
This is good time to buy, as the regulator appears to be getting a grip of these cowboy housing associations. Note I say appears there is clearly no need for this many housing associations. The regulator needs to reduce the number by getting rid of the smaller ones.
Wish I had spotted SOHO earlier as I have already used up most of my Civitas money...but not all!
I really like the gearing fixed rate loan 195 million. Interest only 2.634% average and an average term of 13 years.
And the problem with Leases appears minimal.
Ohhh I wish I hadn't spent so much.
RNS for SOHO loans is dated
27 August 2021 16:11
Of interest to those looking for replacement for Civitas.
SOHO same sector
63% discount
9.86% dividend almost covered
51% gearing BUT
TRIPLE POINT PLACES £195M IN LOAN NOTES
(Sharecast News) - Triple Point Social Housing said on Friday that it has put in place £195m of long-dated, fixed-rate, interest-only sustainability-linked loan notes through a private placement with MetLife Investment Management clients and Barings, respectively.
The London-listed real estate investment trust said the loan notes had a weighted average term of 13 years, and a weighted average fixed rate coupon of 2.634%.
It said the notes would enable it to refinance its existing floating rate revolving credit facility.
At the same time, Triple Point noted that Fitch Ratings had assigned it with an investment grade long-term issuer default rating of 'A-' with a stable outlook, and a senior secured rating of 'A' for its new loan notes.
"We are very pleased to have secured a premium investment grade rating from Fitch," said chairman Chris Phillips.
"This positive endorsement will enable the company to pursue a broader strategy in relation to debt funding and the group's new long term, attractively priced, fixed rate loan notes are reflective of this.
"We were delighted to be working with Metlife Investment Management again and Barings for the first time."
At 1553 BST, shares in Triple Point Social Housing REIT were up 0.75% at 107p."
Alas I have used up most of the money from my sale of Civitas.
The rest will go into SOHO
RNS today LGEN buying SOHO time was 16.15pm price up 4.5%.
Probably up on takeover of Civitas.
Just noticed that there rns on LGEN for the purcase today of soho that's not normal AND the purcase of Civitas shares on the 5th may.
At least I think it's purcase.
Either way LGEN doesn't normal send rns for shares they've purchased.
Note these are RNS from LGEN
https://www.hl.co.uk/sha...shares?tab=security_news
Note ALMOST all the sector is on big discounts.
That's based on the assumption that interest rates and therefore government bonds, will not rise significantly. REITS and infrastructure being bond proxy's.
Get_rich_quick
The best place to get all information on offers is the company site.
Exdivided Date 18th MAY.
Dividend 1.425p
Lazy should have checked date and dividend before posting