Member Info for TimBob

Elphinstone, it's all relative. This is one of my best performers over the past 6mths and with a solid divi has provided a nice quarterly return.

Im suprised and disappointed in the delayed divi... both in pushing back the "new standard" 1p and also no solid date on the 4p special. As others have commentated, the funds from the Completed ITC sales should have covered this...

With the news of a revue of the companies medium term stratagy I'm thinking that there is more at play in the background... With the US looking like removing new ITCs for renewables, the reduction in the price of US electricity and the increased cost of chinese batteries (inported to the US), is the company is potentially looking to pivot future investments into other markets?

Personally think the RNS was pointless and had no detail... very much felt rushed and trying to put something out without actually confirming anything!

Bit shocked with this release...

Deviation from the historical divi payment dates is a little worrying, especially for those using divi as income. but the fact the 7p total will be maintained is a big positive at this time.

Adjustments to future divi and investment/development of the portfolio is an interesting one and difficult to assess with so little information

Personally dont think theres anything to worry about Redsmith; the sale is contracted and as pointed out by others, the company has the cash to pay the dividend without the ITC credits being "in the bank"... Assuming all goes as planned, they will be in the bank for the divi payment...

From an CASH position, if the sale was to fall through, there will be penalties in place that the buyer would have to pay; plus the book cost would not change so wouldnt have a material effect on NAV.

The board have always made a point that the min. Divi would be 7p. and this was reitterated in recent reports; if the board deviated from this policy, investors would loose faith in them and they would be out of there jobs... So confident this wont happen.

Think Temple of Doom is right. the ITC are set in stone and the sale has been contracted. So pretty sure if the buyer pulls out, they'll be hit with damages.

Cash book also robust enough to pay divi without the sale funds in the bank.

See the movement in SP as potentially funds trying to shake some investors before buying up for themselves for the long term growth and divis

Personally have been anticipating update on the 19th or 20th...

Think final divi will be circa 4 - 4.5p... 7p has been the stated anticipated min. 7.5p would be equal to last year.

can't see a return to equalisation of the divi, doing it as they are helps operational cash flow and potentially gives greater flexibility in asset management which ultimately gives better shareholders return.

With Therosy1 on this... Divi too good to sell off at the min. Drax wont want to pay NAV so you wont see your capital loss recoveered from a sale...

Stick with the divi.... re-invest and build larger stake...

We've not had enough trades for the last 15yrs... The CITB sold off all there training centres (as "They Werent needed!"... lining the Executives pockets more like...) and sucessive governments have pushed "Education" over Skills training (as no one values the skilled tradesman until they really need one).

NHBC standards are pushing more and more older tradespeople out of the new build market, as is the speed that the developers want plots completing... and Government net zero policy and s106 obligations are making houses unaffordable - as developers just pass the cost on...

But do the government ask the house building industry how they can make things work - no, the ask the toffs in the civil service who've went to private schools and never done a proper days work in there lives...

I thought that too... but is does say "Enabling the Company to pursue a transfer of its listing to the "equity shares (commercial company)" category"...

So saying that they'll be able to look at it as an option... moving away from REIT has a couple of potentially benifits to a business..

at the min, 90% of property income profit has to be re-disributed to share holders, by being a std listed company, they'll be able to potentially borrow more and pay out less... or pay less and pay down dept... hold over money to allow for further acqusitions etc...

It'll effectively allow them to be much more stategic in running the business; which might mean a short term reduction in dividend but will hopefully fule growth in the Share Price.

I bought in for the divi some time ago, but also been topping up as the SP fell... def. a good option if your looking for potential growth or a regular dividend.

Alibaba42 - 6% take over fee is there not to stop the market evaluating the performance of the directors...

The market will always be evaluating that!

The point is that the current share price is trading at a significant discount to NAV; making it a prime takeover target for some of the bigger funds. By placing a 6% takeover fee (based on NAV), Directors are securing themselves a bumper deal if someone comes in whilst also making it a bit less attractive for the vultures!

Fara,

with Riskingit on this one... Great stock to hold for long term income. Retail and Commercial NAVs are on the decline and have been for some time but some sub sectors are in high demand and the valuations aren't reflecting this.

Stock up and use the quarterly Divi to reinvest, you won't regret it...

Like others, disappointed in the EPIC Management... Don't see the "BENIFIT" to shareholders in selling out at a 11% discount to NAV when the market is depressed... especially when its still making over 10% HLM...

Probably something else going on in the background... maybe Realty Income is held by some of the bigger share holders so they wont loose out!?

Personally don't think its a good deal for us investors... merger with sim. sized REIT would more than likely been the better option, but the management would then have had a bum fight over who runs the new combined entity

At anything under £0.70 i think this is still worth topping up on...

Over 70p and im not sure if its a hop or sell at the moment.

US Realty will be looking at this on a good buy with the current exchange rate; they'll probably buy up EPIC and then as the Pound strengthens against the US$ sell up and capitalize on the growth in £.

Just had a read of the review... if the sale went through, as EPIC wouldn't hold any property at all, it would have to re-distribute the funds... assuming it was a cash sale!

It could be funded by share allocation; meaning the purchasing company would give shares in there business to the shareholders!

Cant see the sale going through at much of a discount to NAV...

Not sold off anything yet as still holding out for a recovery...

Interestingly looking at the trades over the past few weeks, there seems to be more buys than sells...

I think we have to realistically expect there to be a drop in Divi if there isn't a merger or acquisition.

EPICs major shareholders = Columbia Threadneedle Invstments (17.57%), Hargreaves Lansdown EO (8.96%), Momentum Global Investment Managers (8.33%), Quilters Investors (7.54%), Investac Wealth & Investment (7.16%), Inter active Investor EO (5.72%), Mattioli Woods (3.27%), Wise Funds (2.96%), BlackRock (2.79%) and Close Bros (2.69)...

BlackRock have gone from one of the top 3 with about 15% to less than 3% so wonder if the big drop off was them dropping a lot of sell orders !?

Been topping up here and there over the past few months as i think EPIC Share Price is low; however, am starting to think about off loading with the talk of reduced dividend cover and no real news on merger / acquisition which could degrade the Divi or NAV...

The cynic in me is wondering if this is a play for some of the institutions to deflate the SP so they can make some more money!!!

think these might keep floating up and down for a while, I'm just topping up as and when I can.

As much as I don't like to see the asset value drop and or the SP, its a great opportunity to top up if your looking for a long term asset growth and decent Divi.
Fingers crossed the board have got it right with asset acquisitions... they seem to have got it right in the past, so im hoping its "an inspired decision"...

SP jump looks like it was down to a planning application; site in Scotland - conversion and modernization which should deliver enhanced value on the current valuation of the property portfolio.
Still no news on asset purchases, but guessing they will be holding off to see what happens with the wider economy and or use it as a negotiating point to drive down the price of anything they have been looking at