paddingtonbear
14 Sep 2019
When in doubt - hold Not too sure what you mean here - better, higher yielding REITs such as ??? or none at all? Why would I want to buy oil companies with oil at mid range price around $60? You suggest RDSB at circa 2200p. I sold my holding of this at 1850p, before stocking up in tranches between 1650p and 1450p when oil was “cheap†a few years ago, giving yield around 9%. PB
Lastemporer
01 Sep 2019
When in doubt - hold Wouldn’t touch a REIT that’s UK based + for 6-7% dividend, much better options out there even in this market. buy BP + RDSB whilst oil is low or go for IUKD.
paddingtonbear
31 Aug 2019
When in doubt - hold Since start in 2017 at 100p the effect of buying many units of relatively low value has weakened the NAV by quarter to 96.51, 92.27, 90.79. After the primary burst of spending it stabilised to 94.94, 95.58, 97.46. At this point the Meridian hiccup erupted. Going bankrupt, three units it owned had actually prepaid rent to end June 2019. A prominent boast of the AEW management was that there was at least a plan B for all buildings. What actually happened was AEW capitulated to the new owners that bought Meridian out of administration by eventually granting a full year of free rent! The share price has drifted down during this prolonged argument, made worse by the Board of the investment trust virtually hoisting a distress signal and inviting all and sundry to submit ideas how to run and grow the fund better than AEW. Existing management are under notice to expire April 2020. The Board has issued a bizarre notice they intend to achieve full dividend cover in 2020, without comment on this year where full divis have been paid thus far. Back to reality, NAV has been 93.22, now 94.81 as share price reaches 70p. AEW board and management would appear to have no reason except pride to bolster this (Director buys?) Some people may consider this a huge buying chance 94p plus of assets for 70p. Personally I shall see what it looks like after another NAV and Brexit… PB
paddingtonbear
24 Jul 2018
New Share Issue - Pulled! After the continued SP slide the latest end June update persuaded me his was a moment to start a position. Positive - over 95% invested including the debt money. Over 90% of property occupied on average 22 year leases, nearly all leases on inflation linked deals. Statement every property in portfolio same or higher value than purchase price, the drop in Nav and SP due to acquisition costs of many, small, diverse units. Latest quarter shows rise in Nav. Negative, still building to full anticipated dividend level of “5.5pâ€. My entry at 91p, allegedly 4% below Nav, with 2 properties still being added for £3.5m. IFthe management now sit back and let the portfolio perform, it should develop and grow to our advantage.#
