grapheve
28 Jan 2015
Re: Views On This Fund Appreciated Company's largest - from their corporate video on the web-site. At 9% of the total portfolio it can be the largest single investment. I am concerned that Aberdeen is not going to be a boom town until the oil price recovers.My finger was hovering over the sell button at 148 hoping it might spike to 150. Another one that got away. Ho-hum .
jonwig1
28 Jan 2015
Re: Views On This Fund Appreciated The Aberdeen investments constitute about 9% of GAV. ("company's largest"??)The share price spiked quickly to about 148p earlier this month. This is now unwinding - it was 136p in new year.The premium to NAV is one of the highest in the sector, which in itself should signal caution.
grapheve
21 Jan 2015
Re: Views On This Fund Appreciated Yes I am becoming concerned about the Aberdeen investments , the company's largest, which are to come on stream later this year. I wonder if the tenants they talk about in the corporate video are contracted. North Sea projects are being canned all over the place, which must affect the amount of space companies need and the price they are prepared to pay.
WarrenGemini
21 Jan 2015
Re: Views On This Fund Appreciated It has a significant interests in Aberdeen which may be affected by the drop in oil price as related companies have to tighten their belts in the short term.
azzalyzarc
21 Jan 2015
Re: Views On This Fund Appreciated I also note that according to iii factsheet gearing on FCPT = 5%, gearing on FCRE = 60% - and I think that may explain some of the relative premium/discount to NAV. On that basis FCPT is a more stable option I would say, and another reason to keep a balance for me. Depends what you are after.az
azzalyzarc
21 Jan 2015
Re: Views On This Fund Appreciated Long term holder, building up monthly since 97p. No plans to change just yet but watching as this is becoming a large holding for me now. 4% is not bad but the premium is becoming a risk - could commercial prop in London dip a little now (election year, euro uncertainty etc)? What do you think is the future for divi? Any prospect of it increasing?I am also long term holder in F&C UK RE (from well before merger and it became F&C). I note this has a different portfolio mix to F&C Commercial - less central London and office, more regional I think. So this would be a factor in any switch decision for me. I hold both to get the balance.
JohnOfYork
20 Jan 2015
Re: Views On This Fund Appreciated Tricky one. I'm up 65% including divis. The yield is down to 4.12% - still reasonable and pays out monthly. I'll probably sell half and put the cash into F&C UK Real Estate.
grapheve
20 Jan 2015
Re: Views On This Fund Appreciated This puppy has been motoring nicely of late. it is now running at quite a premium to NAV. My finger is hovering over the sell button.What are others thinking of doing?
