Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
With you Krusty, would have sooner seen a return of the Special Divi than the Share buy back; but my understanding is that it is all part of the pressure applied by the likes of Elliotts'...
I moved away from TW a couple of years ago after being way too heavily invested and got out just before they cut the special divi (i got lucky); but at the current price, i'm starting to increase my stake again... Share Buy back should reinforce the SP and also increase the standard divi...
Not sure what % of energy is imported to the UK has to do with Builders... Porsche1946? But if you know anything about the housing sector in the UK, you'd know that it has been failing to build new houses to meet the increase demand in population growth for decades... as such, whilst there might be a price correction coming, it wont be catastrophic and they have always been short lived... TW along with the other Big developers are looking at 20% margins at the min, so even with a 10% price drop (something that is being talked about a lot in the mortgage markets at the min), TW, Persi and BDev will still be making 10% margins... and that's assuming they don't make any build cost savings...
Really don't get why EPIC has dropped... I get that Ukraine is a unknown and how it will potentially effect the markets, but bearing in mind how well EPIC did during the hardest point in the covid lockdown, I really cant see this drop as being a long term thing...
Yeah, happy with the gain... but like you Riskingit i'm mainly after dividend; so any increase will put a smile on my face...
Last NAV review was Sept 21 (announced Oct 21) and was £0.8961... Since, sept, we've seen a sale of offices at or above the Valuation and so with a more optimistic outlook we should see some NAV growth, though I doubt it will be significant...
In the sort term, I can't see much more SP growth without a Big increase in NAV which is unlikely; a increase in the DIVI on the other hand is significantly more likely and will also help drive the SP higher...
Riskingit, my Average for EPIC is now £0.6562 in my ISA and unfortunately £0.902 in my SIPP... i started to buy in at around the £1 mark and kept buying as they fell...
Regarding "taking profits", his advice all those years ago, was; "set a price you are happy to sell at, set a sell order and walk away"; basically don't second guess yourself and be happy with margin... When I sell, I tend to re-invest the original capital and build up a cash reserve...
Yes 75% is too high for me now days if I'm honest with myself... hence the switch... funnily enough to IMB. (funny who's tags popped up on that thread! lol). 10% of my holdings are there now, trying to build that up to 20%...
Was told along time ago now (by an ex's investment broker dad) to focus on 2 or 3 shares you can follow... and then a couple of safe bets you can just invest in and leave... Had got like that, but when EPIC dropped below £0.60 I just couldn't help myself and the lower it went, the more I bought!!! lol
Sold... but only a bit; 10% of my holdings (@£0.87 - i got that bit wrong on my prev. post)...
I don't like being over exposed to one Share, and at the moment 75% of my holdings are in EPIC... Happily sitting on what I now hold for the JAM as you put it... the monthly divi is great and doesn't hit the SP as much as quarterly or less frequent divi payments do.
Re-investing the monthly divi into EPIC still but at a lower level than before; still think the SP has movement, but more long term now.
Thing to remember with Wimps and Cladding is that they aren't as exposed as some of the others builders (none of the big 3 are really)... The cost of replacing the cladding isn't the biggest cost in this situation, it'll be the cost of scaffolding... the taller the building, the bigger the cost and as TW has minimal exposure to that market, they should be covered...
I think it's short sighted from the government in some ways, as the developers were mislead as much as the customers... the focus should be back onto the manufactures of the products AND organizations like the BBA that supposedly tested materials for compliance...
Well i had a sell order at £0.8750... and guess what! Only 10% of my ISA holding, but at that price, I've been able to reinvest somewhere else which offers a better yield, also helps reduce my exposure. Still going to be re-investing my monthly divi back into EPIC within my SIPP mind...
Looking strong for the new year... like a few of you, would have been nice for it to stay a bit lower for a bit longer so we could keep topping up at a discounted price!
Yeah, it seems as though they don't see any issues moving forward which is good... Current divi still looks to be covered by the reduced rent after the £36m sale of the offices; so I get their logic in holding back a divi rise until they have reinvested theses proceeds.
Hopefully the asset managers have a purchase already lined up (which they did last time)... Divi increase for christmas would have been nice, but hay ho!
Just read the year end results... sounds positive but I have to admit to being a bit disappointed with lack of movement on the dividend... With an increase in yields, I had hoped that they would have announced further positive dividend growth. Unfortunately it sounds like any dividend increase will be on hold until the office sale has completed and monies re-invested...
Gerry i think your right about moving chairs... some REITs are probably looking at the office sector as artificially depressed and a good time to buy... I work for some Saudis who had been reinvesting oil profits into unloved office space, referb'ing and top floors to flats, but they have pulled all their funding for this type of project as the the yields really aren't there at the moment... Their asset manager is pretty clued up and doesn't think office rents/values will be back to pre-covid levels for at least 5yrs!
I like EPIC due to the regular divi; seems to have less effect of the Share price, so you don't see some silly swings like you do with others who pay out annually or half yearly!
Used to do more buying and selling to take advantage of price movement around ex-div dates, but don't need to with EPIC!
Not really looked at CLI before, see they've been on a downward trend the past few months... might be down to their exposure to offices?!
Well I opened my mouth too soon... its on the fall again, but gives us a bit more time to keep reinvesting!
Don't think they are slow to the party on the retail warehousing... if you look at their holdings, its the biggest slice of the pie; I think they have timed it right to be honest, getting out of offices last year would have been a price slaughter, where this year prices have risen back up... Retail warehousing gives better yields even now, so better for the divi and our wallets!!!
Who else is thinking that EPIC looks on course to break the 80p barrier? I think its coming and from the looks, wont be long!
Tempted to cancel my divi reinvestment over the 80p mark and just start to take the cash; as the yield wont be as attractive (well, unless they bump up the divi again; something i think is coming also; just don't know when)...
Well i was mistaken... on the dates...
But a positive update. I was hoping for a bit more detail on the dividend; especially as they have pointed out specifically the Divi is well covered, and that collections are improving...
Additionally with the increase in yield on the latest purchase (9% compared to 4-5% on the property it replaced). This additional margin represents approx. £1m in additional rent per annum (£0.00473p per share!); so I would hope that we see a proportionate increase in the divi in coming months.
Guess we'll just have to wait and see...
If i'm not mistaken, we should be getting the latest quarterly update from EPIC in the coming week. Indications are trading and rents remain strong and there has been chatter about another increase in the divi.
I'm still topping up with my divi reinvestment, but it would be nice to see a bit more SP growth...
I think the price spikes were probably some large buy orders; with limit share being traded, and large volume buys or sells tend to show up as some big spikes or drops...
Next real and maintained share price movement will come with the year end results in my opinion; there is strong sentiment that there will be another increase in Divi announced at this time, so will support a higher SP.
I love the monthly Divi now... it's just nice to see the money come in and no real effect on the SP...