ShipTap
07 Aug 2015
Re: Placing to pay for some new building... Frankie Goes to Bus Pass Land ?
relaxtwotribes
05 Aug 2015
Re: Placing to pay for some new building... ... and on the matter of interest rates rising, then that would support an increased rent at the next review stage.
relaxtwotribes
05 Aug 2015
Re: Placing to pay for some new building... Richy, management also had a target of 3% capital growth, giving a total of 9%. For me, my purchase was part of my de-risking exercise upon reaching retirement. I do not expect the sp to be set on fire, nor do I see it as a likely 'dead cat'. If you are looking for more excitement, then elsewhere may provide it. Cheers, rtt.
Richygm
05 Aug 2015
Re: Placing to pay for some new building... ...which may not be enough to stop the sp falling when interest rates begin to rise. (I'm watching, and in two minds about whether to come in.)
relaxtwotribes
05 Aug 2015
Re: Placing to pay for some new building... The promise is for a 6% yield on the original capital issued at £1 per share.
TX2
31 Jul 2015
Re: BBC FTSE 350 Worst stock! BBOX is within a penny or so of its all time high;so it seems a little surprising that it has performed worse than almost all other FTSE350 stocks.However the point should be made that property company share prices are always related to their net asset value;they rarely if ever trade at a significant premium to their book NAV,unless it has hidden value in its portfolio that is not shown in its balance sheet.Higher yielding property shares like BBOX may trade at a small premium to net assets which is I think the case here.You also need to take into account with high yielding shares you are getting a major part of your return in dividend as most of the profits are being paid out.I think at the present price BBOX is fair value but I don't expect any significant short term uprating in property values to influence net asset value but taking into account the dividend there's a reasonable return on offer.In the long term income and hence property values are likely to grow with rent increases.
MostlyWrong
29 Jul 2015
BBC FTSE 350 Worst stock! And yesterday, BBOX fell to the bottom 10 of the BBC's listings.Maybe it was investors rotating out of "safe" shares and into more exciting ones.I still rate BBOX and I now hold it within a tax efficient wrapper.MW
MostlyWrong
29 Jun 2015
FTSE350 top stock! The BBC Top 10 shares from the FTSE-350 includes BBOX @ number 9 with a 0.53% gain!Suddenly, the ~6% yield with an indexed uplift over the next 10-20 years looks very enticing!Don't we live in interesting times?MW
LoadsaDosh2
23 Jun 2015
Re: Placing to pay for some new building... The last two purchases have rental yields below 6% and that is before expenses. How then can the management deliver on their promise of a 6% yield? It is just not possible.
nncalc
16 Jun 2015
Re: Placing to pay for some new buildings Also, the new shares are not in for the 1.5p div, so the price was equivalent to 114.5p.
southernstar
08 Jun 2015
Placing to pay for some new buildings It is at 113p for some nice new storage property so it isn't a bad thing....
jaxonsax
10 Apr 2015
Investors Chronicle One of the Tips of the Week in todays Investors Chronicle
jaxonsax
25 Mar 2015
Re: Encouraging by my reckoning following the new issue the market cap is around £712m which must put it in line for promotion to the FTSE 250 in due course which should help add another penny or two to the price.Maybe the recent volume is some of the fund managers getting ahead of the game.
seadoc
20 Mar 2015
Re: Encouraging Chip and Kool, thanks. I can confirm Share, iDealing and Barclays appear to have the same policy.Chip, I have spent a (wasted) afternoon looking at specialist REITs. BBOX is there in spades but there are not a lot of boxes to buy off retailers (three already in progress) and I suspect the other (less than I thought) REITs are not in a hurry to sell.I know I have bought in at a peak in this market but while there is a (bigger) chance of a higher peak on the basis of an asset valuation, the opposite may, and WOULD. lead to an immediate drop in sp and eventually in income. For me (while deferring pension) this does not seem a risk too far.Back to 15% in (mostly specialist) property so in no hurry to sell.Regards,Seadoc
chip639
20 Mar 2015
Re: Encouraging Interactive Investor. You may be right re cumulative broker orders, but the prospectus also states they can take smaller orders on their sole discretion. Whatever the case, very happy with the investment here, good long term prospects, will no doubt be another fundraising in 3-4 months and will get involved again. Plenty growth in this market plus very good divi's.
