Re: Is it the exchange rate ? I wish someone would enlighten me why oh why the SP for this company (I bought shares about 5 months ago) has not gone up??? I must be missing something too ! P/E of next to nothing and good DIV. can anyone shed any light on this for us? (pretty please)
Is it the exchange rate ? Now around 1.41 from recent range 1.35/1.36Or is there another reason for the recent decline in sp ?TP.
Results I am more positive on this share than Greyinvestor. The fundamentals of the company looks attractive: The yield of the portfolio is 8%, with enough vacancy to have upwards potential (HSTN has a strong track record in filling vacancies over time). Capital values in UK and Germany are rising, which will make for a further upside as HSTN is constantly selling property. At the same time, finance costs are low at 3.7%. The drop in normalized income profit from 1H14 is mostly due to a one-off finance gain in the previous period, as well as exchange rate losses. I am not defending the LTIP but it's impact was 1p per share. The upshot is that on the basis of normalized income profit, the trailing P/E at the current share price is about 17 if one takes account of normalized income profit only. This better than most the other property companies and REIT's in the market, and is pretty good if one considers that HSTN usually makes additional profit from selling property.
Unfair placing Yet again this company is placing shares at a below market price (£1.10) to institutional shareholders only. When will PIs be given a chance? Grr.....
Steady results I sold down a fair bit of my HSTN holding a while ago, but I've still got a decent stake.The results today were pretty much as I expected; steady, but with almost all the profit going to the directors in the form of an LTIP provision.In summary;EPRA NAV 103p v 102p -could have been betterDivi 2.1p v 2.0p - goodNet debt 36% v 41% - goodRental income £40.2m v £37.3m - goodEPRA EPS 0.4p v 3.2p - bad. This is because of a huge LTIP charge of £8.7m (going to the two directors), plus a £7m currency hit due to the strong Euro.This is the LTIP payment year, so hopefully next year will be better, but make no mistake, the strong Euro and the massive LTIP hit has resulted in the company running hard to stay still. Hopefully foreward movement will resume next year. For now the company is rewarding directors more than shareholders.I think that the shares are fully valued for now. A Hold for me. But DYOR.Not for nothing are these shares heavily shorted. See the link below;[link]
Shorts and rising price According to Short Interest Tracker HSTN is one of the highest shorts at 8.6% and has been for some time but they don't seam to beable to stop the slow positive climb, ny ideas why?
Price rise v Euro I note that the HSTN price is rising again. I'm still holding, and have no plans to sell, but I would observe that the Euro exchange rate has gone off the chart and this must have a medium term effect on HSTN. You can't hedge the NAV and the EPS forever.......
RNS. Aquisition Good area to be investing in.On the matter of DRIP s, I note that I got double the amount of shares this year when compared to last May. The dividend upgrade is certainly improving prospects. Over the last couple of years my holding has now increased by over 10% on divs alone. And overall value, by significantly more. )TP
RNS. Disposal. Good profit, more cash to invest.Regards, TP
Re: Shorts under pressure? It's only a Lad's Game, GI...how many out there would love to be a Fiver behind you?
Dividend HSTN goes ex-Div next week for that lovely 6p per share divy. I hadn't noted the special dividend and was only expecting 3p. Nice one.HnL
Re: Shorts under pressure? I certainly am! They must be in screaming agony. Following their lead is firmly the worst investment decision that I've ever made......
Shorts under pressure? With Hansteen at a 7 year high, the short position holders must be feeling some pain.[link]
Re: Thanks all Hi Devon, I noticed you posting on the FXPO board. I dithered and missed the bottom, but it is a high risk option (geopolitical, not financial).I have never had as much cash as today. A staggering 95% in my SIPP. But I can't hold on forever.......When will interest rates rise? Perhaps never...I've bought CNKS and PRES recently, but that's all.Stock market now at it's second highest ratio ever. Bond market at it's highest.
Re: Thanks all FXPO is one I've been adding to grey. I haven't thought about it much lately, but I still think it offers good value.For the first time in ages I have over 25% of my portfolio in CASH.Added some MYI in the last few days, maybe some more BRWM, but other wise everything on my watch list is higher than I want to pay for it.I suspect we might have a few down days in the next month, so may be I'll get a shopping spree in before the election!Besides having more cash than the back in the "dark days" this is also the lowest exposure I've had to UK PLC.I did buy a few VSL. The prospective 10% yield and the fintech/crowd stuff appeals. May be I'll buy some more after it's next reported.DL