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Keith Hilton
Posted: 24 April 2017 09:23:23(UTC)

Joined: 20/08/2010(UTC)
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Added a few BBOX - down 5% on news of placing about 13% more shares at 6.6% discount to sp. Fall seems a bit overdone, although shares were at a 15% premium. At 140p should yield 4.57% this year.
xcity
Posted: 24 April 2017 10:05:54(UTC)

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Keith Hilton;46157 wrote:
Added a few BBOX - down 5% on news of placing about 13% more shares at 6.6% discount to sp. Fall seems a bit overdone, although shares were at a 15% premium. At 140p should yield 4.57% this year.

Why?
Just subscribe to the open offer. 136p. I've always been able to get as many as I wanted, and it has always been the cheapest way of buying in.
1 user thanked xcity for this post.
what me, worry? on 24/04/2017(UTC)
Micawber
Posted: 24 April 2017 10:22:00(UTC)

Joined: 27/01/2013(UTC)
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srg751;46154 wrote:
Micawber;46152 wrote:
.

Bought PHD for the new ISA AIM pf.


You're a braver man than me Micawber, I tip my hat. After the recent uninterrupted run there's a noticeable lack of shares being sold ( non today against 13000 buys) surely the tree shake beckons ? I bet you've been waiting ?
Still, long term, and building the position, if I'm right, you'll capitalise on it next purchase, and if I'm wrong you'll be quids in.
Thanks for sharing your thoughts and research. Appreciated


With at least four respectable institutions holding (and a recent transfer between Marlborough nanocap and Lombard Odier , IIRC) and three recent director purchases while a fourth exercised a huge option and kept 60% of those shares, there may not be much of a tree shake. But yes, an opening position to be built on or not as things develop, and hopefully a holding for the longer term in this pf.

I am still kicking myself for missing out on EMAN last week for the fun pf. Up 15% Friday and another 7% this morning. But I think I will now stay as an onlooker for a while.

I can't complain - PRSM and LTG up again, between 4 and 5% this morning. PRSM now at 646p (+325% for me) and LTG now 52.50p (+104% for me) while BOO is showing me 9% in 19 days.
3 users thanked Micawber for this post.
c brown on 24/04/2017(UTC), what me, worry? on 24/04/2017(UTC), srg751 on 25/04/2017(UTC)
Keith Hilton
Posted: 24 April 2017 13:16:25(UTC)

Joined: 20/08/2010(UTC)
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xcity;46159 wrote:
Keith Hilton;46157 wrote:
Added a few BBOX - down 5% on news of placing about 13% more shares at 6.6% discount to sp. Fall seems a bit overdone, although shares were at a 15% premium. At 140p should yield 4.57% this year.

Why?
Just subscribe to the open offer. 136p. I've always been able to get as many as I wanted, and it has always been the cheapest way of buying in.


I'll be taking up my subscription too, but wasn't sure how many others I'd be able to get, without applying for a large quantity, and I don't have enough cash available in my ISA to do that. These will qualify for the 1.6p divi, so difference is only 2.4p. Bird in the hand ...
1 user thanked Keith Hilton for this post.
what me, worry? on 24/04/2017(UTC)
Jeff Liddiard
Posted: 24 April 2017 13:24:23(UTC)

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For Property, is BBOX a better option than say TRY?
Micawber
Posted: 24 April 2017 13:56:51(UTC)

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Jeff Liddiard;46167 wrote:
For Property, is BBOX a better option than say TRY?


BBOX is a predominantly new-build warehouse/distribution/logistics REIT mainly in the North of England.

TRY is an IT investing mainly in commercial REITs with a smallish holding in direct UK commercial property. Last time I looked (Feb) just about all its pf other than the directly owned UK property was in continental Europe.

SGRO is a REIT operating mainly in warehousing/distribution especially around Heathrow with connecting distribution/logistics properties also in continental Europe including France, Germany and Poland. It recently bought out its partner in a large area for warehousing around Heathrow, where the government has opted for expansion.

You'd have to look up and work out the NAVs, premiums and in the case of the two REITs things like the current Loan-to-value to determine which is the better option for whichever strategic view you favour.

I hold TRY and SGRO but have nothing against BBOX. I take a pessimistic view of the effects of Brexit, when it comes in two years time, on the UK domestic economy; but a more positive view of Europe than you will find in the Daily Telegraph and related jingoist publications. Hence the EU presence of SGRO and the flexibility of TRY's pf under its able and experience director attract me more.
5 users thanked Micawber for this post.
Arabella Tullo on 24/04/2017(UTC), Jeff Liddiard on 24/04/2017(UTC), what me, worry? on 24/04/2017(UTC), c brown on 25/04/2017(UTC), bill blayney on 25/04/2017(UTC)
jvl
Posted: 25 April 2017 15:17:15(UTC)

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Micawber;46168 wrote:
I take a pessimistic view of the effects of Brexit, when it comes in two years time, on the UK domestic economy; but a more positive view of Europe than you will find in the Daily Telegraph and related jingoist publications


I wouldn't call the Telegraph a jingoistic publication, rather that it's in favour of free-trade, competition, a small state, low taxes and low levels of regulation and it is negative about the EU because the EU fails on all of those things.

I'll take an optimistic view of Brexit IF the government is bold and pro-competition, lessens the tax burden.. basically all the things that the Telegraph tends to like.

However, I'm not convinced that Theresa May will do any of this judging by the silly proposed caps on energy prices, remarks on industrial policy, international aid and the lack of talking about cutting state spending. She's going as far left as possible, hoping to sweep up Labour and Lib Dem votes, knowing that Conservative supporters have nowhere else to go with those parties being so far to the left.
6 users thanked jvl for this post.
c brown on 25/04/2017(UTC), Mickey on 25/04/2017(UTC), Freddy4Skin on 25/04/2017(UTC), Sara G on 25/04/2017(UTC), srg751 on 25/04/2017(UTC), dyfed on 26/04/2017(UTC)
xcity
Posted: 25 April 2017 19:42:53(UTC)

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Micawber;46168 wrote:
Jeff Liddiard;46167 wrote:
For Property, is BBOX a better option than say TRY?
BBOX is a predominantly new-build warehouse/distribution/logistics REIT mainly in the North of England.

That's a very southern view of geography
Micawber
Posted: 25 April 2017 21:04:48(UTC)

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xcity;46215 wrote:
Micawber;46168 wrote:
Jeff Liddiard;46167 wrote:
For Property, is BBOX a better option than say TRY?
BBOX is a predominantly new-build warehouse/distribution/logistics REIT mainly in the North of England.

That's a very southern view of geography


That's where most of BBOX's assets are, isn't it?
Micawber
Posted: 25 April 2017 21:17:12(UTC)

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jvl: two views make a market. The analysis that puts my investments in context may differ from that of others. Let's see how it goes.
xcity
Posted: 25 April 2017 21:59:19(UTC)

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Micawber;46219 wrote:
xcity;46215 wrote:
Micawber;46168 wrote:
Jeff Liddiard;46167 wrote:
For Property, is BBOX a better option than say TRY?
BBOX is a predominantly new-build warehouse/distribution/logistics REIT mainly in the North of England.

That's a very southern view of geography


That's where most of BBOX's assets are, isn't it?

Taking Hexham as the tip of the North and Brighton as the tip of the South, most of the BBOX assets are in the Midlands (Peterborough - Manchester ish). Best locations for national (England) distribution.

PS there's a list of their assets in the prospectus
Tung Son
Posted: 26 April 2017 10:38:15(UTC)

Joined: 26/04/2017(UTC)
Posts: 1

Well done, micawber!

Market-timing at its best!
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