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I think the issue here is the discounts to nav in this sector weigh heavy on longterm holders because the bids if/when are going to reflect the current navs but there’s always a chance additional interest might push it a bit more,see who comes out of the woodwork time!
Noted a late or after hours trade just over 63 showing on google finance just now feeling optimistic for a change!
Agreed, @SussexInvestor. The two encouraging details in today's announcement are that they've received a series of indicative proposals from Brookfield (which means they're not just going "yup" to the first offer they get), and that it is now a competitive process (which always helps to ensure that a fair price is reached).
Just hoping the don't sell us down the river, and that they reject offers that undervalue the company. Commercial asset values are depressed at the moment, but won't be for ever. Need the board of Tritax to think long term, not cut and run at the expense of their shareholders.
Deadline extended, possible other interest,no certainty…..rns here. GLA
I was lucky for once. On the 29th May Bloomberg TV and a piece on Europe warehousing and how cheap the stock valuations were. Not that I did a lot of research on other companies, I’ve had EBOX in my watchlist for an age. Only told a small position and happy to hold for div’s, if an offer does get presented, I’ll be happy with that as well.
Current yield 7% I am happy to hold and take that. Patient investors will be rewarded. Selling out at 65p would be nuts imho.
....even when there's a potential bid for the Company! NAV is around 80pps, but I'd very much doubt the bid will be that much. I would expect a c15% discount which is 65p to 70p if it comes at all. If we get up to around the mid 60s this month, I'd probably let some go!
Some bore on Advfn is saying that EBOX bonds don’t have a Change of Control Put. They do. Condition 7.4 of the Prospectus.
So where is the bounce?
My #EBOX idea continues to move in the right direction. https://www.tradingview.com/x/5OReA93O/
I drew a chart for #EBOX on the daily timeframe. I like the way it looks and if support comes in it could be trending. https://www.tradingview.com/x/Q1zwmXAY/
Despite a reported loss, the market is marking up the shares a by about 4%. Technically, by this time next year, they could be pushing 73p. So many REITS have wiped off billions of asset value from their accounts that this process should now be waning and accounts next year should report profits. DYOR
Who is selling them this cheap. Is this company is a real looser? Is this still a buy? Please advise. Many thanks
8.6% according to the lse summary.
That's a pretty chunky payout whilst waiting for the share price to adjust to more realistic levels.
Can anyone tell me what the current div % is at the current SP? I can't figure it out from the payments.
There was a full page article on Eurobox in this week's Moneyweek. According to the article, there is no major debt refinancing until 2025. The article didn't specify the current interest rate but it's probably very low. What is interesting is that, unlike the UK, rental rates in the EU are index linked. Also, online sales in the UK are pretty mature whereas the EU has a lot of catching up to do, so more growth is expected there.
Anyone know the interest rate and how long for?
The share's pulled back as you expected/feared. The portfolio is still very high quality and the price should recover once interest rates start to fall. At the moment, nearly 8% dividend seems to be not enough risk premium for the market when interest rates are 5+%.
No idea why as only here for the regular income but nonetheless will take it
Started a small position here, look to add more soon. Might be price drops back, but current yield of over 6% helps negate drop in short term. Like the longer term prospects here and potential for increased (covered) income in future years.
I'm impressed with Tritax and invested accordingly