I agree with the below extract from the Telegraph (online):
".........Mike Prew, analyst a Jefferies said rather than a cash bid for a high-quality UK Reit [real estate investment trust] by an overseas buyer which would trigger a re-rating of the sector, this was a coalition of weak business models.
I wrote INTU off some time ago now, some one knows better and offers what looks like a ridiculous premium for a failing company No doubt the directors on both sides of the fence will gain at the cost to the PI's
Hope i have to eat my words tomorrow and HMSO are up 20%
Unfortunately i bought my some time ago and i am sitting on a loss but still collecting better dividends than what i can get in any bank savings - at current cost looks like they will be paying around 4.7% - probably 14p plus next time (February report) with reasonable cover
This is no mug or fly by night company and has paid steadily rising divis
These and BLND are held back by Brexit so hoping i have better timing for the next top up, 525 looks a reasonable price (possible slightly lower) and a 10% gain if/when Brexit concludes - may be worth waiting
on some news and deciding near to December
I have just bought in here attracted
by the very recent company statement
valuing Dundrum S.C at 1.5 Bn. euro
(This is a 50/50 joint venture with Allianz).
And raising 7 year secured part funds against it
at less than 2%.
I know the shopping centre in question(5 miles from Dublin
city centre)It is truly high class , .popular and. well established.
If this reflects the general decision- making capacity of HMSO
management-- I am happy to be on board.
Statement is worth a read -
And visit the SC next time you are in Dublin!
Yes signed and done. Will we get the same government response as with the 2nd referendum petition??
Bought HMSO last week as it seemed to be at rock bottom.
FT reported yesterday a private equity firm has got a £1 billion war chest to buy up UK commercial property assets at a 5-15% discount to the market. Looks like Brexit has encouraged foreign buyers to dip their toes in!!
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