Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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Analyst retained a ‘buy’ recommendation on EBOX and target price of 125p, which slipped 0.5% to trade at 60.3p (21.12.22).
Property trusts have felt the blow of rising interest rates and a spike in bond yields precipitated by the meltdown in the gilt market. As a recession looms, they are failing to get back on their feet, with investors fearful that property values will be written down.
However, they said ‘strong demand and tight supply are driving prime European logistics rents’.
This means that ‘with indexation, lower fees and asset purchases, the €0.05 [4p] dividend per share is covered’.
‘The capital risk is overly factored into the 54% discount to net asset value, and the 7% dividend yield is stable and covered.
It seems the main issue is that EBOX have not submitted KID/KIID documents.
I don't know why.
>Legsofman
You can buy on ii, but only by fone call. See result of my chat with ii below:
I put the following note on advfn EBOX thread to see if anone else has come across this glitch.
I'm still waiting for a response.
''I am currently bottom feeding on strong companies, with a 5yr view on those with temporarily high yields. I already hold BBOX and earlier this week I tried to buy it's Euro partner EBOX through Interactive Investor, but they refused to conduct the transaction, due to so-called special conditions. I sent them a Secure Message to ask what the problem was and got the following reply:
''Unfortunately, this stock can only be traded over the phone with us. Please give us a call on the number below to speak with a dealer who can assist you. There would be no additional charges to place this trade over the phone with us. The dealer will ask you to confirm that you have read the Key Information Document and the Cost Disclosure Document, which is attached to the primary listing, BOXE. Please use the link below to view the documents.''
Tritax EuroBoxEuro Ord.
Clicking the link took me to the BOXE page Regulatory Documents, namely:
View 'Key Information Document - KID' (PDF),
View 'Cost Disclosure Document' (PDF).
The links provided a huge amount of detailed info on the likely risks of taking up this investment but, as far as I can tell, there are no more risks than investing in any stock. So what's the big deal here? Have you guys had to go through the same rigmarole?
EBOX looks like a a company with potential to me, but I admit to being a bit put off by all this regulatory stuff, especially when there are so many other bottomed out hi yield shares to choose from.
No brainer or income this one
Potential to move up in SP as well
Dear friends
I think this is a quite good investment with dividend yield. Please advise.
Still can’t buy these via ii. Another broker it is then.
Tried to add more at today’s bargain price...good old ii don’t have the kiid...so failed.
Asli had a good uplift today.
What does a company have to do to encourage investment? Unbelievable reaction today to very good results
A great set of results today by the looks of things.
Now sub-100p ; I find this mystifying. European economy, despite Russian aggression in the East, is bouncing back strongly from pandemic restrictions. Big discount . Where could the floor be?
I queried this with Sharepad and the reason is that it is a sub-share of BOXE (where divs are shown). Just thought I would post this in case anyone else was wondering.
It may be inflation worries or uncertainty about the euro, but I wouldn't worry about it. The value will be realised sooner or later, and in the meantime there are the regular dividend payments to help you sleep at night! The new acquisition in the Netherlands seems to have kickstarted the share price a little. Each new acquisition moves the company further down the risk curve.
I have to confess I don't really understand this share price. Results are strong with positive change in NAV, and profits, and dividends, and the portfolio seems to be extremely well managed. Yes, there have been a couple of share placements in the past 6 months but these have been invested quickly into good assets. The share price performance has been awful though - The share now trades at a 7% discount into the hottest area of property (BBOX at 23% premium) and a yield over 4% (BBOX below 3%). Any thoughts on why this might be, because I'm at a loss to understand!
Just an FYI. If anyone has an account with AJ Bell and has their Trixtax Eurobox shares set up for dividend reinvestment, there appears to be an issue. It seems that dividends received into AJ Bell accounts are now being separated into two payments, an equity component and an interest component (as per the split in the dividend announcement).
The DRIP automated process only reinvests the equity part now, so you will not get all of your dividends reinvested as desired. They seem to admit this is a bug, but it doesn't really resolve matters. For me this is a big issue as my investment strategy for REITs and infrastructure/renewable investment trusts is the compound through dividend reinvestment. As such, I just want to highlight for anyone else so you can check to ensure you are not facing the same issue. Just to note this will affect any dividend that has an equity and an interest component where they are received as two payments.
Nice results and share price move. About time!
Entered the FTSE 250 today. I'm not sure if many tracker funds follow the whole 250 but it's definitely going to help with visibility and awareness.
GLA.
To be fair to the author of this quite good article he does qualify the 152% figure in the next couple of paragraphs.
He says the consensus is for EPS fall by 152%, maybe I'm missing something but I don't understand where this figure comes from.
Well this has closed below the placing price so an opportunity to pick up some more. Increasingly with many REITs, renewable and infrastructure ITs, it does not make sense to add most of the time as they trade at big premiums. These only fall when they do regular placings (seems to be a couple of times a year). Sadly these rarely seem to include PIs, but we do sometimes see opportunities like this where there is a fall below the placing price that institutions were happy to pile in at.
Yes, thanks for the link Legsofman.
Kaye184, could you elaborate on what you think is wrong? From what I could make of it, he was saying that the the dilutive effect of the new share issuance will be more than offset by high quality long term rental income from the new acquisitions. What's wrong with that?
Yes the link does work thanks. I don't know where his published consensus comes from but it is so obviously wrong I am amazed he just seems to accept it.
https://www.ii.co.uk/analysis-commentary/stockwatch-trust-firm-capitalise-rising-demand-europe-ii521376
Hope the above works ...Try that or if it gets removed put in www.ii.co.uk/ where the xxxx are then this https://xxxx analysis-commentary/stockwatch-trust-firm-capitalise-rising-demand-europe-ii521376
Reading the original prospective from February 2021, it should be 1 new share at £1.11 for every 5 held.
Thanks legsofman, do you have a link to the article?
Bookbuild. Article written on II. 14 Sept....Stockwatch: trust this firm to capitalise on rising demand in Europe. Worth a read.