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Was a reasonable long term hold but much of there investment currently inactive for unknown duration so depending upon tenants continuing to pay the rentals. The better ones probably will in full or part as long as exit not protracted. Difficult to value therefore.
Agreed FRTEB. I almost posted myself to congratulate the company on turning this around. Because I have held from the beginning and added, I currently get a 6.0% yield, but it's onwards and upwards from here. Just hope it increases in price before they start raising.
" The Board's actions, together with the Group's contracted rental income from our portfolio, enables the Board to reaffirm its current target annual dividend of 5.5 pence per share but one that it expects will be on a fully cash covered basis from 1 July 2020 with effect from the financial year commencing 1 July 2020. The Board is confident that the changes to the Company's service providers will achieve a saving in the region of half of the Company's historic level of recurring annual overhead cost, whilst potentially enhancing service levels.
The Company is now well-placed to deliver to our shareholders attractive, sustainable and fully cash-covered dividends over the short and longer term, together with the potential for income growth from its diversified portfolio of UK property investments, the majority of which are let on long leases that contain inflation-linked rent uplifts.
The Board, along with the Group's advisers, is continuing to seek longer term solutions to expand the Group, including the introduction of new capital, and to deliver further shareholder value. "
Excellent!
At today's SP of 73.50p this equates to a dividend yield of ~7.48%. I'm already a holder, but if I wasn't I'd be looking to buy in but DYOR.
I wish I knew - I'm 30% down on my original investment and have no idea why
This is supposed to be a relatively stable reit with steady income and lower risk
I seem to recall that when I was originally looking at AEW UK and then AEW LL I did come across a warning that two of the directors had previously had problems with the FCA, which was a bit worrying, and setting up LL just seemed to be a way of giving all involved an extra income. I think they were frustrated at not getting the investment amount the wanted in LL, and I wondered if the Meridian problem was a knee-jerk reaction to these frustrations. Sacking AEW UK, when it is virtually the same company, looked as if it may be a way forward to combining the companies without it looking too dodgy.
Whether there have been any bids for LL as a whole or in part, we will just have to wait and see. I have often thought that most of the profits that these REITs make is down to dealings between each other. The outcome will probably be something like what happened with PHP and MedicX. I was getting a better dividend from MedicX, so didn't want to double my investment in PHP - but selling MedicX gave me money to put elsewhere. I love doing small tweaks to maximise dividends and take small profits along the way. Initially, after becoming frustrated with what goes on in the AIM, I struggled with the "sheer boredom" of investing in dividend stocks, but sticking with quarterly payers means there is always something happening. It's like the Circle of Life.
Hargreaves Lansdown are showing "Bid Situation" just below the share price but I can't find any RNS about this. Can anyone shed any light on this?
Thank you for your comments.
Certainly is a strange one to evaluate, no director buys since Feb 19, Nav at 93ish.
At this SP the dividend is quite high.
Not sure what is going on with the daily RNS.
AEW UK website has a quarterly newsletter but no more info than already in RNS.
I will just sit this one out and see what transpires.
Bit like yourself, multiple shares and trusts providing a regular income to buy more with!- Can be difficult to keep an eye on all of them.
Good luck in your investing.
Well we all read the RNS on 10th April (reminder below), which was worrying of course, Not a lot said since then, but Meridian Metals problems were resolved, so there isn't really an ongoing problem. I've added since because I was confident that we would be continuing, and they have really turned AEW Uk round. But, on the minus side, it is nearly two months now since the announcement, so something must be due, They didn't get the IPO away as they wanted, so the company isn't the size it should be. Personally I expected that we would be AEW LL would continue as it is, or it would be merged with AEW Uk, or sold off to to another established REIT. A few of them have fund raisers going on - LXI for example. A surprise that we did get a dividend on time.
Cenkos are playing with fire if the are shorting and advising the company at the same time, but I woudn't put it past them. Personally, I am in 72 companies paying quarterly dividends. I don't worry too much about profit and loss, I just keep those dividends coming in. Some are way down, others grow and grow.
There are a lot of big investors, as we see from the daily RNS's - I am sure they are keeping a closer eye on the company than we are able.
10 April 2019 - In view of the sub-scale size of the Group, its performance since IPO, and the recent news in respect of Meridian Metal Trading Limited, the Board is reviewing the options for the future of AEWL.
The Board will seek to achieve value for shareholders either by expanding the Group's equity and asset base to achieve full dividend cover, considering offers from interested parties, or by selling the Group's portfolio and returning funds to shareholders.
To ensure that all options can be considered, the Board has today served protective notice of termination of the investment management agreement with AEW UK Investment Management LLP (which will expire on 9th April 2020). Ultimately, after all options have been considered, the Board may decide to continue to pursue the Group's existing strategy with AEW UK Investment Management LLP.
Perhaps someone with more insight into this Reit could post?
This is constantly being sold down.
No action by AEW at all?
Daily Cenkos shorting our shares?
I’m lost for words.
Does anyone know why this stock is tanking?