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Author Topic: Live chat  (Read 2931194 times)

Hamster

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Re: Live chat
« Reply #5280 on: March 06, 2017, 09:56:33 am »
Even more so if you consider the "momentum" that comes with people selling off large amount shares
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PlatinumWealth.co.za

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« Reply #5281 on: March 06, 2017, 10:18:11 am »
I hate capco thanks to brexit it will take me years to recover what was a good gain
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jaDEB

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« Reply #5282 on: March 06, 2017, 10:56:30 am »
I also have Capco. But bought about 2 weeks ago.
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gcr

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Re: Live chat
« Reply #5283 on: March 06, 2017, 11:45:52 am »
Per my earlier post I see Texton released audited figures this morning div per share (rebased) up 7% to 47,95 cents but div (actual) per share down 6.9% and net asset value down 2.6%.
I have never been an acquirer of these REITS but surely they must be hurting holders of these investments, especially with the increase in tax on dividend tax and also the poor performance of this class of investment especially since Brexit
I see some have commented that they are taking pain - are you expecting to come out of this ok on the other side especially if your dividend stream diminishes and the price keeps falling as that ultimately will have an impact on future dividends - walnuts in a vice comes to mind.
Also does one wait before investing, as these REITS may buy back units which would improve dividend returns but would take a bunch of cash
Those who use these instruments as a source of continuous income/pension streams may wish to comment so that we understand the pitfalls and benefits in what has become a very volatile world market place   
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Moonraker

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Re: Live chat
« Reply #5284 on: March 06, 2017, 12:30:23 pm »
No div. withholding tax on local Reits (Tex) - only on the other one you mentioned RPL
http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1486376095923359200.html

To understand the reasons for somewhat lower earnings outlook, they are moving to an EPRA based earnings metric.
Quote
Distribution policy and outlook

As announced in October 2016, the Company will be moving to an industry standard EPRA-based earnings metric. Adopting this earnings measure, adjusted only for necessary Company specific adjustments, allows for a closer alignment between earnings and operating cashflow.

To facilitate our leverage objectives and to provide greater financial flexibility, a medium-term dividend pay-out ratio within the range of 90% - 95% of our rebased earnings measure will be targeted. In the short term, some degree of flexibility in the pay-out ratio may be required to smooth distributions to shareholders following the transition to the EPRA-based earnings metric.

A full presentation will be delivered to investors and analysts today and will be made available on the Company's website. Shareholders should note the earnings per share guidance of 2.70 to 2.80 pence per share for the financial year ended 31 August 2017 is subject to suitable re-investment opportunities being secured. Growth in earnings per share is targeted to be 3.0% - 5.0% per annum over the medium term, subject to ongoing favourable market conditions.

EPRA Earnings: Exclusion of profits/losses from trading properties. If management consider that trading is a core recurring part of the business activity this could be added
back as a company specific adjustment to show ‘company adjusted Earnings’.

Unfortunately I hold RPL and am very disappointed, especially when compared to most of my other REITS which have returned in excess of 20% p.a. over the past 10 years.
I am down 38% on RPL which I bought 2years before Brexit. About 31% of the negative return is due to Brexit and R/£ xch. rate only.
Will probably sell to offset against a capital gain.

« Last Edit: March 06, 2017, 12:52:42 pm by Moonraker »
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PlatinumWealth.co.za

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« Reply #5285 on: March 06, 2017, 03:15:09 pm »
Come AXL!
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jaDEB

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« Reply #5286 on: March 06, 2017, 04:13:03 pm »
LON . . . . .wth !! ??
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jaDEB

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NowhereNinja

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« Reply #5287 on: March 07, 2017, 08:48:07 am »
what happened to PCT - Prescient Limited ? 80% drop in a day?
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« Reply #5288 on: March 07, 2017, 09:03:40 am »
I am so glad I took profit on lommy and not got back in! That rights issue was gorgeous
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Orca

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Re: Live chat
« Reply #5289 on: March 07, 2017, 10:47:12 am »
PCT went ex divi last week. The huge divi will make up for the drop in share price. (85%)
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NowhereNinja

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Re: Live chat
« Reply #5290 on: March 07, 2017, 10:57:30 am »
Quote from: Orca on March 07, 2017, 10:47:12 am
PCT went ex divi last week. The huge divi will make up for the drop in share price. (85%)

Ok, i'm not shy to say I'm a complete newby to this, what does this mean ? They paying out a big dividend, and this caused their share price to drop that much? so if this was real-life, would you buy more of their shares at that low price? or is this an indication that something is wrong ?
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Orca

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Re: Live chat
« Reply #5291 on: March 07, 2017, 11:14:51 am »
They sold their IT section and had to delist that part. The 22c share price it is at now is fair value and you will get about 85c per share that you have. If their IT sector was unprofitable it will perhaps be good for the co but I cannot make a call on that as I know nothing about the co.
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gcr

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Re: Live chat
« Reply #5292 on: March 07, 2017, 11:39:14 am »
Quote from: Orca on March 07, 2017, 11:14:51 am
They sold their IT section and had to delist that part. The 22c share price it is at now is fair value and you will get about 85c per share that you have. If their IT sector was unprofitable it will perhaps be good for the co but I cannot make a call on that as I know nothing about the co.
Orca - the Moneyweb article has a different interpretation on what is happening - the IT is staying within the company and it is this segment which constitutes the share pricing of the share. The financial operations (no idea what they are) have been delisted - hence the dividend payout and will be managed out of the public spotlight. What I did find strange is the fact that there is a private shareholding register of the financial leg of the company - not sure if this was made known to all shareholder - could have been restricted to major shareholders
Those holder of these shares may want to read the Moneyweb article
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Moonraker

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« Reply #5293 on: March 07, 2017, 12:12:23 pm »
The South African economy contracted an annualized 0.3 percent on quarter in the three months to December of 2016, compared to an upwardly revised 0.4 percent growth in the previous quarter and missing market consensus of a 0.5 percent expansion.
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Orca

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Re: Live chat
« Reply #5294 on: March 07, 2017, 12:27:47 pm »
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