paddingtonbear
04 Jan 2020
Under the radar After two years the company continues on its path with minimal noise and reaches its targets. Still some 10% below NAV, perhaps the key element here is most income will come not from govt departments and overstretched budgets, but individuals paying their own money in retirement as rent. Another different thread to generate dividends. Just topped up the holding. PB.
paddingtonbear
18 Sep 2019
Slow start on a solid play? All shades of politicians are desperate for the private sector to invest in “social housing†, but typically other bits of govt are frustrating progress by insisting on dotted I and crossed t. Combined with a false scare that Resi were investing in a “forbidden†sub sector and generally slow purchases (alleged robust selection procedures) have seen the share price drift to minus 12% on NAV at the same time as the covered dividend is building to original target of 5%. Looking to trim my target healthcare exposure, the diversified exposure here will help balance my property sector. PB
