Hugh_Betcha
21 Dec 2018
Pretty disappointing The yield on my holding since purchase is 2.4% rather than a notional 4.5%.
TX2
05 Dec 2018
Pretty disappointing You are correct Hugh viewed on a 2 year period BBOX has been a disappointing holding largely because it has fallen back from its high of 155p + over the course of this year. I held the share from just after its float at 100p then taking up about three open offers at increasing prices over the next few years until I sold out earlier this year as I felt the price had become a bit toppy. However I feel the announcement today that the company has refinanced a major portion of its debt for an average of Ten years @ 2.9% and the very long leases it has with mainly prime tenants makes the investment proposition interesting again at the present 134p. True the yield at around 4.5% is not spectacular but BBOX is now at a useful discount to book NAV and has reasonable prospects for an above inflation rental increases and is involved in a property sector with high demand. Seems good value again.
Hugh_Betcha
28 Nov 2018
Pretty disappointing Given promising market I which it operates BBOX has proved a disappointing investment, basically going nowhere over 2 years and with only a modest dividend yield. Any other views?
delyss
24 Apr 2018
Re: Today's Placing I had the 'can't trade/regulations/key document' response from Barclays with another investment trust. In that case it was the computerised system being out of touch with the humans - by agitating to the humans, the system was enabled, and I was able to trade normally.
Oenos
21 Apr 2018
Re: Today's Placing IT sounds like ii want a copy of the Key Information Document. It's available on the BBOX website : ( [link] )Mike
Huckham
20 Apr 2018
Re: Today's Placing I would like to buy but iii refuse to trade saying. "We are unable to provide you with a cost disclosure document at the moment. regulation, we are unable to allow purchases in this instrument."
strapuk
19 Apr 2018
Re: Today's Placing Funnily enough I bought Picton and BBOX at roughly the same time. Still hold both, but Picton has been a better performer all told, up 22.6% v 15.7%, and divs better too. However, I do buy into the BBOX philosophy and am content to hold both for the long term. Would have liked the opportunity to have had a bit of the recent placing action.
delyss
19 Apr 2018
Re: Today's Placing But the success of the placing means BBOX is seen as an expanding successful business with a reliable base and dividend. However the Investment Trust newsletter prefers, in property, TR Property and Picton, saying re BBOX (at 149p) '. . we are not sure the large premium ratings on trusts such as BBOX (15%) and Target Healthcare REIT (11% at 116p) are justified by returns . . '
strapuk
18 Apr 2018
Re: Today's Placing You got that right!
5haggy
18 Apr 2018
Today's Placing Poor old private investors shafted again - don't get a look-in, just a a book-building exercise for the institutions at a discount. Share price drops 2%.Sometimes wonder why we bother......
seadoc
24 Nov 2017
Re: question Keith,Simple answer - No.The concept of BBOX is a symbiotic relationship between the retailers and company. It is the perfect expression of outsourcing. The shareholders benefit from good income return, the directors from bonus from FUM and the retailers from expertise. I think, probably more guess, that it makes sense only to build more if they were bigger units, that most are for supermarkets and the supermarket sales are falling, given inflation there must be less throughput and so no need for a bigger distribution unit. Just my view.Pie-eater,Also got an interest in ESP, UTG and PHP. If they all pass round the begging bowl at the same time I would probably choose the order in which to place money as BBOX, PHP, ESP and lastly UTG.Regards,Seadoc
II Editor
08 Nov 2017
NEW ARTICLE: Buy, Hold, Sell: An income fund's biggest trades "The philosophy behind FUND:K2XC:Kames Diversified Monthly Income is to provide "income in a low growth world". According to Vincent McEntegart, who has led the management team since the fund's inception in 2014: "The fund is based on a belief ..."[link]
relaxtwotribes
03 Nov 2017
Re: question Having raised £350m from the latest equity issue and adding another £150m of new borrowings to that, I don't think they have yet got to the point of needing another issue. I reckon they have committed around £300m so far.So, watch out for the next few purchases and a new issue will be on the horizon.The sp is well in front of NAV now and close to the all time high, so I have temporarily sold out (with the benefit of the forthcoming dividend) and will look to get back in after the new issue is announced.
PIE-EATER
04 Oct 2017
Re: question Wasn't the situation with Empiric that it had been coming to market for funds quite often as it expanded rapidly....and almost surmised that it would get what it wanted without necessarily consulting with major institutions as well as it might have done? An alternative, DIGS, has been far more circumspect in its recent expansion and price fluctuations haven't been as noticeable.Do think BBOX will be back within 6 months, even if it is only for development cash for it's new big site at DartfordPE
TX2
04 Oct 2017
Re: question I think probably there will be in the next 6 months as it continues to buy,although I noted recently that another REIT Empiric Student Property failed to get the amount of cash it hoped for so it will have to be cautious in its demands.If I was buying now otherwise I would be looking for a value price entry point below its book NAV which I think is around 132p from memory but of course this may not(and perhaps we hope not) be available.
