EliteUKREIT GBP
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Elite REIT - the only GBP-denominated REIT today.
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101-120 of 130
When it drops down to 60, you will be probably say " i will buy at 55" . LOL
Rokawa ( Date: 22-Jun-2021 14:36) Posted:
went back up liao.
was hoping more dumping to 60 pence hehe
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If really drop to 60p I may be crying sadly
as I' m buying happily!
lol...
Even if markets crash, I' m confident the UK govt
will keep paying rent to Elite in advance as usual.
So I feel Elite is like a safe haven " bullet-proof" reit.
I also look at it this way:
Instead of trapping loads of cash in a fixed deposit
just to earn interest of $1000 per year, buying just
11,000 shares of Elite already can get the same $.
( Can also do compounding by re-investing the dividends. )
Like this, a person can limit market risk and
have plenty of cash freely available
to do anything else at any time.
Rokawa ( Date: 22-Jun-2021 14:36) Posted:
went back up liao.
was hoping more dumping to 60 pence hehe
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went back up liao.
was hoping more dumping to 60 pence hehe
Somebody dump.
Somebody buy.
Unless we can see the transactions, some may be married deals for such surge in volume of a sleepy stock.
Calmroom ( Date: 22-Jun-2021 13:28) Posted:
Searched but could not find any rumours or other bad news about UK or Elite
that may explain the sudden dumping action yesterday. And even today.
Actually, latest daily Covid deaths were only 5 people out of more than 68 million.
Those of us who wrote in to " poke" Elite about the higher gearing
should have received reassuring replies from IR that confirmed
what two CIMB analysts had already shared on 23/4.
My own speculation is Elite may do more placements to other
quality investors like PartnerRe ( Exor ) to reduce gearing.
Scratch head why sellers ignored all the good news
and dumped so close to q2 results and dpu. 
Hope some BBs come and take a look at Elite
and maybe offer some support to this unloved reit.  |
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Searched but could not find any rumours or other bad news about UK or Elite
that may explain the sudden dumping action yesterday. And even today.
Actually, latest daily Covid deaths were only 5 people out of more than 68 million.
Those of us who wrote in to " poke" Elite about the higher gearing
should have received reassuring replies from IR that confirmed
what two CIMB analysts had already shared on 23/4.
My own speculation is Elite may do more placements to other
quality investors like PartnerRe ( Exor ) to reduce gearing.
Scratch head why sellers ignored all the good news
and dumped so close to q2 results and dpu.
Hope some BBs come and take a look at Elite
and maybe offer some support to this unloved reit.
https://investor.elitecreit.com/newsroom/20210618_172703_MXNU_FCSRGGGWOXKDUS8A.1.pdf
i believe they always pay 3 MONTHS IN ADVANCE for the rental. So.
Calmroom ( Date: 20-Jun-2021 22:59) Posted:
Very true. I cannot imagine the UK government
ever telling Elite sorry no money to pay rent. Lol...
Going forward, the contributions from the 58 acquired assets
as well as savings from future lower taxation should push up
the annual dpu to more than 5 pence per share.
Another positive is the data indicates UK will likely be able
to switch from pandemic to endemic mode relatively soon,
maybe much sooner than our little Sg despite
its much larger population and country size.
Then it would be wonderful news if fx goes back to
1 GBP = SG $2+ again. The more $2+++ the better!  |
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Very true. I cannot imagine the UK government
ever telling Elite sorry no money to pay rent. Lol...
Going forward, the contributions from the 58 acquired assets
as well as savings from future lower taxation should push up
the annual dpu to more than 5 pence per share.
Another positive is the data indicates UK will likely be able
to switch from pandemic to endemic mode relatively soon,
maybe much sooner than our little Sg despite
its much larger population and country size.
Then it would be wonderful news if fx goes back to
1 GBP = SG $2+ again. The more $2+++ the better!
Elite is not so much affected by the Covid situation, their main tenant being the Pensions Department of UK.
Elite investors may find the link below useful if they
want to monitor the UK Covid-19 data themselves:
*** coronavirus.data.gov.uk ***
Latest updates show 81% of adults have received 1 dose and
59% have received both doses. Daily new deaths remain below
20 people versus a total population of more than 68 million people.
So good chance by the time our dividends get credited around Sep
or maybe Aug, UK should have re-opened and the pound
should have strengthened.
Hopefully means we will be getting more dpu in Sg dollars and
our shares may also be worth more and more gradually in SGD.
Elite Commercial Reit unit applies for TISE listing
MAINBOARD-LISTED Elite Commercial Reit has applied for its wholly-owned unit, Elite UK Commercial Holdings Limited (ECHL), to be listed on The International Stock Exchange (TISE) as a UK Reit by the third quarter.
Post-listing, Elite Commercial Reit will continue to hold 100 per cent of the shares in ECHL, said the manager in a regulatory filing on Friday.
It further said that the proposed listing puts the tax treatment of Elite Commercial Reit on par with that of other UK Reits.
Following the admission of ECHL on TISE - and according to the double taxation treaty between the UK and Singapore - it is expected that the principal tax rate applicable to Elite Commercial Reit will be reduced to 15 per cent from the current 19 per cent.
Further, any latent capital gains - and its corresponding deferred tax liabilities - of properties currently held by Elite Commercial Reit will be eliminated, said its manager.
While the listing of ECHL on TISE is expected to be completed by the third quarter, there is " no assurance" that it will be successfully completed, it added.
Prior to ECHL' s listing, the income and gains of Elite Commercial Reit' s subsidiaries in UK would continue to be subjected to the prevailing UK corporation tax.
Elite Commercial Reit, which debuted on the Singapore Exchange mainboard last February, is the first Reit denominated in the British pound to be listed here.
Elite Commercial Reit posts Q1 DPU of 1.22 pence, slightly above forecast
ELITE Commercial Reit on Friday posted a distribution per unit (DPU) of 1.22 pence (2.25 Singapore cents) for the first quarter ended March 31, slightly higher than the 1.2 pence it had forecast upon its initial public offering.
Income available for distribution to unitholders amounted to £ 4.5 million, 11.1 per cent above the £ 4 million forecast, according to the real estate investment trust (Reit)' s results released on Friday.
Revenue was £ 6.6 million for the quarter, up 15.1 per cent from an IPO forecast of £ 5.7 million. Revenue was boosted by £ 864,000 in contributions from a portfolio of 58 commercial properties in the United Kingdom acquired on March 9, 2021.
The acquisition increased the number of assets in the Reit' s portfolio to 155 properties. The Reit' s enlarged portfolio is currently fully occupied.
Shaldine Wang, chief executive of the manager, said Elite Commercial Reit' s long-term growth objectives are " to focus on tenant-mix diversification and a staggered lease expiry period to maintain a stable income flow" . It will also look to grow through yield-accretive asset acquisitions, Ms Wang said.
Boring stock but achieving its projections.
ELITE Commercial Reit posted its H2 distribution per unit (DPU) at 2.49 pence (4.5 Singapore cents) on Monday, 2.9 per cent higher than its initial public offering (IPO) forecast of 2.42 pence, with occupancy at 100 per cent as at Dec 31 last year despite the UK' s nationwide lockdown.
The Reit (real estate investment trust), listed on the Singapore Exchange in February 2020, reported a post-tax profit of £ 19.5 million for H2, which was almost treble its IPO forecast of £ 6.9 million. Revenue was half a per cent lower than expected at £ 11.6 million for the second half of 2020.
The manager attributed the higher post-tax profit to a net fair value gain of £ 12.3 million on investment properties.
For the period from Feb 6 to Dec 31, DPU was 4.44 pence, or 2.3 per cent higher than forecast while the profit after tax of £ 23.4 million was more than double the forecast. Revenue for the period stood at £ 21 million, 0.1 per cent lower than its forecast.
No guarantees that the price can hit STG 0.68
Calmroom ( Date: 10-Nov-2020 22:40) Posted:
Sell wall at $0.64 is finally down.
Saw it there since 22 Oct.
If the share price can really hit $0.68,
it should become smooth sailing for the
acquisition deal. No headaches with
the new shares or the rights issue.
Which is good for Elite, investors and the seller too.
Fingers crossed and keep hoping for the best! :)
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Sell wall at $0.64 is finally down.
Saw it there since 22 Oct.
If the share price can really hit $0.68,
it should become smooth sailing for the
acquisition deal. No headaches with
the new shares or the rights issue.
Which is good for Elite, investors and the seller too.
Fingers crossed and keep hoping for the best! :)
Elite Commercial Reit posts higher-than-expected Q3 DPU
THE manager of Elite Commercial Reit on Monday posted a distribution per unit (DPU) of 1.23 pence (S$0.02) for its third quarter, which is 1.7 per cent higher than what it had forecast in its listing prospectus.
The Reit listed on the Singapore Exchange in February.
For the three months ended Sept 30, it generated a post-tax profit of £ 3.3 million, a 5.6 per cent drop from its forecast, on the back of a revenue of £ 5.8 million, which was a 0.5 per cent dip from its earlier expectations.
The manager said that the profit after tax was calculated after an additional provision of deferred tax expenses of £ 276,000, compared to the forecast, because of the recent increase of UK corporate tax rate from 17 per cent to 19 per cent in Q3 2020.
" This additional provision of deferred tax expenses has no impact on income available for distribution to unitholders," it said.
For the nine-month period, DPU was 1.3 per cent higher than forecast at 3.18 pence, while revenue and post-tax profit generally met target at £ 15.1 million and £ 7.1 million, respectively.
The Reit manager said that it may stand to benefit from the current pandemic situation, as its 97 assets are mostly leased to the Secretary of State for Housing, Communities and Local Government, with the Department of Work and Pensions (DWP) as the primary occupier.
" The DWP is a uniquely counter-cyclical occupier, as 82.5 per cent of the assets in the initial portfolio are used to provide key front-of-house services, primarily Jobcentre Plus unemployment services. Claimant counts, job centre footfall and DWP benefit spending are all correlated to unemployment.
" An increase in unemployment has historically been linked to an increase in the number of UK benefits claimants requiring the services provided by the UK government in the Reit' s assets. Against the current macroeconomic backdrop, our assets via DWP continue to be a crucial social infrastructure that serves the UK society," it said.
It added that during the previous lockdown in the United Kingdom (UK) in late March, the Reit' s JobCentre Plus locations had remained open to process and disburse benefits to claimants, even as medical assessments, interviews or other face-to-face appointments were discouraged.
The new restrictions had thus not resulted in a significant business disruption at the properties in the Reit' s UK portfolio.
The UK unemployment rate has risen to its highest level in over three years as the pandemic continues to hit jobs. The unemployment rate rose to 4.5 per cent in the three months to August, compared with 4.1 per cent in the previous three months. Meanwhile, redundancies rose to their highest level since 2009.
Chancellor Rishi Sunak had officially announced that another 13,500 JobCentre Plus staff would be recruited as part of an economic recovery package - 4,500 of whom were expected to have been in position by last month, and a further 9,000 by March 2021. This is on top of the 13,500 coaches already employed.
As of end-September, the portfolio was 100 per cent occupied, with a weighted average lease expiry of 7.5 years. The manager expects to provide a stable income to investors as over 99 per cent of its rental income is derived from triple net leases from the UK government, it said.
Meanwhile, the Brexit negotiations continue against the background of the economic challenges. A " no deal" outcome appears even more likely at the end of the transition period on Dec 31, it added.
No need for qualification. Sell means sell.
Look at Eagle reits.
Will this Elite reits be like Eagle?
Can argue until cows come home one.
Qualification, absolutely none except DYODD.
prophetjul ( Date: 06-Nov-2020 10:36) Posted:
You seem to say a lot of negatives without any qualifications of your suggestions.
So if the deal fails, nothing matters except i am collect more at lower prices
St.Maximus ( Date: 06-Nov-2020 05:14) Posted:
This one is in trouble, esp. if seller dont want the shares as payment.
So it drifts lower to 63.5 .
Dont buy, sure die on |
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You seem to say a lot of negatives without any qualifications of your suggestions.
So if the deal fails, nothing matters except i am collect more at lower prices
St.Maximus ( Date: 06-Nov-2020 05:14) Posted:
This one is in trouble, esp. if seller dont want the shares as payment.
So it drifts lower to 63.5 .
Dont buy, sure die one
prophetjul ( Date: 21-Oct-2020 15:38) Posted:
| What happens if the seller refuses the newly issued shares as payment? |
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This one is in trouble, esp. if seller dont want the shares as payment.
So it drifts lower to 63.5 .
Dont buy, sure die one
prophetjul ( Date: 21-Oct-2020 15:38) Posted:
What happens if the seller refuses the newly issued shares as payment?
Calmroom ( Date: 21-Oct-2020 13:25) Posted:
Noticed Ireit Global' s share price rallied before the rights issue
official announcement. The rights price was then fixed higher.
Elite stated it intends to use new shares priced from GBP $0.68 to $0.76
to partially pay for the acquisitions. But if market price stays below $0.68,
the seller may be reluctant to accept the new shares as payment.
So my speculation is the share price may slowly rise to $0.68.
Perhaps higher if some want to buy to subscribe for cheap excess rights.
I hold this counter as I believe its tenants will only
default on rent if the UK government collapses. |
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What happens if the seller refuses the newly issued shares as payment?
Calmroom ( Date: 21-Oct-2020 13:25) Posted:
Noticed Ireit Global' s share price rallied before the rights issue
official announcement. The rights price was then fixed higher.
Elite stated it intends to use new shares priced from GBP $0.68 to $0.76
to partially pay for the acquisitions. But if market price stays below $0.68,
the seller may be reluctant to accept the new shares as payment.
So my speculation is the share price may slowly rise to $0.68.
Perhaps higher if some want to buy to subscribe for cheap excess rights.
I hold this counter as I believe its tenants will only
default on rent if the UK government collapses. |
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