Member Info for swsquires

Has anyone managed to find the press comment that sparked the RNS? I was wondering what the assets are that we are being linked with and the price.

Still nothing through from AJ Bell which is somewhat disappointing.

I think it is a pretty good fund and they seem to be making an effort to provide updates. If you sign up on https://www.investormeetcompany.com/ they have done a couple of investor presentations / Q&As on there.

Well, we are over 2 years on from launch and the target return of 7-9% net of fees has turned into a negative return (including dividends). NAV is around 91p, so we are even trading at a discount which is rare in this space. It is no wonder they are unable to complete an additional fund raise as they have not demonstrated the ability to deliver anything other than a dividend at the bottom of the expected range (4-6%).

Looks like the placing failed to raise the 25m they were looking for. Any thoughts as to why? The only assumption I can come up with is that their peers are paying 6-7% yield so 5% here is not seen as particularly attractive. I am happy with this now that it is income producing, but whilst I am utilising drips to reinvest dividends I did not consider taking any through Primary Bid.

http://citywire.co.uk/wealth-manager/blackstone-takes-stake-in-company-behind-hipgnosis-songs-fund/a1567853?utm_source=EmailAFriend_Article&utm_medium=EmailAFriend_Article&utm_campaign=EmailAFriend_Article

The news of a partnership with Blackstone is an interesting one and I can't decide if it is a good move or not. Whenever PE companies get involved they tend to be pretty ruthless and only look out for themselves. Price up slightly but nothing to indicate how this has been viewed other than, unknown right now.

Primary Bid raise available at 102.5p

The Issue Price represents a discount of 1.68 per cent. to the Company's closing share price of 104.25 per Ordinary Share on 28 September 2021 (being the last business day prior to the date of publication of the announcement regarding a proposed equity raise on 29 September 2021 (the "Placing Announcement") ) and a premium of 3.33 per cent. to the unaudited ex-dividend net asset value per share as at 30 June 2021. The Company is also conducting a placing of new Ordinary Shares at the Issue Price (the "Placing") as announced in the Placing Announcement.

Just to note, for anyone who does hold these in a dealing account - if your platform offers the placing you CAN take them in your ISA if you have funds. AJ Bell said I couldn't but changed tune after I said this was wrong.

Personally, I will go for what I have in my dealing account, plus 10-20% more. I'll then sell down the ones in the dealing so PIDs and divis are tax free.

The deadline is the 11th October

Well that is frustrating, I hold my SUPR in my dealing account as I picked them up through Primary Bid. I wanted to add more through the placing but in my ISA so the dividends are tax free. I'm being told I can only add in my dealing account which is frustrating.

Just received a corporate action notice from AJ Bell. As a holder it looks like we can apply for shares at 115p in the raise. If AJ Bell are offering, I assume the other main ones will too.

Supermarket Income Reit Plc has announced details of an Offer for Subscription to raise up to GBP100 million. This will give eligible shareholders the choice to buy newly issued shares at a fixed price with no dealing charges.

Under the terms of the offer, you may subscribe for any number of new shares at a price of GBP1.15 per share. Depending on the total number of shares subscribed for, your election may be subject to scaling back.

If you would like to subscribe for new shares, the offer is subject to a minimum subscription of 1,000 new shares and then in multiples of 1,000 thereafter.

To view the document in full, please copy and paste the link below into your web browser:
<https://7b603b41-0732-4bbe-81be-6f7d059b333f.filesusr.com/ugd/917ff8_600bdf373e0340c4a8922c37913f11a7.pdf>;

Just been advised that the Responsible Housing REIT IPO has been cancelled. Might bring some investors in here given that it is now below the last placing price

Has anyone received the September dividend payment yet? I note that the declaration stated around 30th September but still not seeing anything in my AJ Bell account

There is a general market sell off at the moment, so I think that is hitting most funds. A number of my funds are down 5-10%+ in the last week. I think it would be useful to get an update on the deployment of initial capital. Regarding the appointment of the Ineos guy as a NED it is hardly a surprise given the size of their stake. in my mind, this gives Ineos greater visibility on the individual holdings in the portfolio and an opportunity to swoop in and buy them...

The only difference with buying in the market will be commission and stamp duty. The advantage though is that you can buy in your ISA or Sipp.

Did anyone watch this? I had it on but got distracted half way through so missed most of it including the Q&A. Did anyone ask about a future placing? I am only interested as I would like to add more but not at the current premium.
If you didn't catch it I would recommend signing up. They seem to be adding companies/trusts to their platform and presentations are streamed live and are available afterwards to watch.

Well this has closed below the placing price so an opportunity to pick up some more. Increasingly with many REITs, renewable and infrastructure ITs, it does not make sense to add most of the time as they trade at big premiums. These only fall when they do regular placings (seems to be a couple of times a year). Sadly these rarely seem to include PIs, but we do sometimes see opportunities like this where there is a fall below the placing price that institutions were happy to pile in at.

What is the view on a new cash raise to be announced on Thursday with the results? We've just spent over £100 on a number of new sites and the investment trust industry seems to be booming re. placings right now. I'd quite happily pick up some more if they let PIs take part. Obviously speculation on my part, but it does seem possible.

First dividend announced and increasing to 5p per annum (1.25p per quarter from Dec payment). All looking positive and should start to see this moving to more of a premium in line with the rest of the sector.