Warehouse REIT - share monitoring

Discussion of the proposed Cashback Investment Club

Moderator: CIC officers

HOLD / BUY / SELL Warehouse REIT

Hold
6
46%
Buy
0
No votes
Sell
7
54%
 
Total votes: 13

AAAlphaThunder
Posts: 25663
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 189 times
Been thanked: 3472 times
Contact:

Re: Warehouse REIT - share monitoring

Post by AAAlphaThunder » Sun May 31, 2020 9:21 am

Boro Boy wrote:
Tue May 26, 2020 7:26 pm
What date did you sell Warehouse REIT ?
Tue May 26, 2020.
[Secretary] imutual Cashback Investment Club

Boro Boy
Posts: 5048
Joined: Mon Sep 15, 2014 6:05 pm
Location: London
Has thanked: 982 times
Been thanked: 2011 times

Re: Warehouse REIT - share monitoring

Post by Boro Boy » Sun May 31, 2020 9:34 pm

AAAlphaThunder wrote:
Sun May 31, 2020 9:21 am
Boro Boy wrote:
Tue May 26, 2020 7:26 pm
What date did you sell Warehouse REIT ?
Tue May 26, 2020.
Can any member of the investment club confirm this is correct...?

garindan
Posts: 820
Joined: Wed Jun 30, 2010 3:20 pm
Location: Midlands
Has thanked: 402 times
Been thanked: 465 times
Contact:

Re: Warehouse REIT - share monitoring

Post by garindan » Sun May 31, 2020 10:41 pm

Boro Boy wrote:
Sun May 31, 2020 9:34 pm
AAAlphaThunder wrote:
Sun May 31, 2020 9:21 am
Boro Boy wrote:
Tue May 26, 2020 7:26 pm
What date did you sell Warehouse REIT ?
Tue May 26, 2020.
Can any member of the investment club confirm this is correct...?
I think Richard's post as Treasurer and the Secretary's post in answer to your question on two separate threads, both confirming it has been sold is good enough not to need a third member to confirm the news ;)
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

Boro Boy
Posts: 5048
Joined: Mon Sep 15, 2014 6:05 pm
Location: London
Has thanked: 982 times
Been thanked: 2011 times

Re: Warehouse REIT - share monitoring

Post by Boro Boy » Mon Jun 01, 2020 1:25 am

garindan wrote:
Sun May 31, 2020 10:41 pm
Boro Boy wrote:
Sun May 31, 2020 9:34 pm
AAAlphaThunder wrote:
Sun May 31, 2020 9:21 am


Tue May 26, 2020.
Can any member of the investment club confirm this is correct...?
I think Richard's post as Treasurer and the Secretary's post in answer to your question on two separate threads, both confirming it has been sold is good enough not to need a third member to confirm the news ;)
I was only asking for a confirmation of the date...!?!

planteria
Posts: 5458
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 347 times
Been thanked: 1179 times
Contact:

Re: Warehouse REIT - share monitoring

Post by planteria » Mon Jun 01, 2020 9:22 am

i'd have thought 26th May, on the basis that that's the date Richard told you "Sold".
Thanked by: garindan

parchedpeas
Posts: 293
Joined: Tue Jun 29, 2010 1:34 pm
Has thanked: 126 times
Been thanked: 330 times
Contact:

Re: Warehouse REIT - share monitoring

Post by parchedpeas » Mon Jun 01, 2020 9:55 am

Think it says a lot - positively - about the new method of selling. Once the scales tip, the deed is done.

Much more repsonsive, and required for times like these especially.
Thanked by: garindan, blythburgh

garindan
Posts: 820
Joined: Wed Jun 30, 2010 3:20 pm
Location: Midlands
Has thanked: 402 times
Been thanked: 465 times
Contact:

Re: Warehouse REIT - share monitoring

Post by garindan » Mon Jun 01, 2020 9:57 am

Boro Boy wrote:
Mon Jun 01, 2020 1:25 am
garindan wrote:
Sun May 31, 2020 10:41 pm
Boro Boy wrote:
Sun May 31, 2020 9:34 pm


Can any member of the investment club confirm this is correct...?
I think Richard's post as Treasurer and the Secretary's post in answer to your question on two separate threads, both confirming it has been sold is good enough not to need a third member to confirm the news ;)
I was only asking for a confirmation of the date...!?!
That's what the reply from the club secretary responded with, before you asked again!
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

Boro Boy
Posts: 5048
Joined: Mon Sep 15, 2014 6:05 pm
Location: London
Has thanked: 982 times
Been thanked: 2011 times

Re: Warehouse REIT - share monitoring

Post by Boro Boy » Mon Jun 01, 2020 11:21 am

I believe the ex-div date for the next dividend for this share was 29th May (am I correct?), if I am correct and I was a member of the investment club (which I am not) I would be asking in the strongest terms why this share was sold within days of qualifying for a Dividend.

Is there a good reason why a fairly stable investment was sold so quickly prior to and only days before the qualifying period for a well earned dividend qualification...? :wtf:

garindan
Posts: 820
Joined: Wed Jun 30, 2010 3:20 pm
Location: Midlands
Has thanked: 402 times
Been thanked: 465 times
Contact:

Re: Warehouse REIT - share monitoring

Post by garindan » Mon Jun 01, 2020 11:48 am

Boro Boy wrote:
Mon Jun 01, 2020 11:21 am
I believe the ex-div date for the next dividend for this share was 29th May (am I correct?), if I am correct and I was a member of the investment club (which I am not) I would be asking in the strongest terms why this share was sold within days of qualifying for a Dividend.

Is there a good reason why a fairly stable investment was sold so quickly prior to and only days before the qualifying period for a well earned dividend qualification...? :wtf:
The due dividend was neither here nor there, as the price normally corrects in the period after going ex-div. It doesn't mean the price stays the same or continues to rise, the dividend aside. It is even less of a worry when you are selling to release the full capital investment. Besides all this the club decided to sell in the vote, which is how it works.

To be honest I was expecting you to write exactly what you did. However, I'm quite surprised if it is your true belief, as you mentioned this on the 26th April, with regard to WarehouseREIT, suggesting we should sell when the buy price was 94p:
Boro Boy wrote:
Sun Apr 26, 2020 1:24 am
We may be on the verge of a property crash and if the last property crash is anything to go by the markets did not differentiate (much) between commercial and domestic property.

Now I can't see the future or I would be winning the lottery each week but I can see what is happening and history does repeat itself so you may want to consider the property content of your portfolio...
I'd say us holding and selling for 111p, for a >8% gain, was a good decision, rather than selling in late April for a >6% loss, taking the previous divis into account.
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

Boro Boy
Posts: 5048
Joined: Mon Sep 15, 2014 6:05 pm
Location: London
Has thanked: 982 times
Been thanked: 2011 times

Re: Warehouse REIT - share monitoring

Post by Boro Boy » Mon Jun 01, 2020 12:16 pm

garindan wrote:
Mon Jun 01, 2020 11:48 am


The due dividend was neither here nor there, as the price normally corrects in the period after going ex-div. It doesn't mean the price stays the same or continues to rise, the dividend aside. It is even less of a worry when you are selling to release the full capital investment. Besides all this the club decided to sell in the vote, which is how it works.
I find this policy hard to believe and it may be one that your club should review?

To say the club voted for the sale of the shares is of course true but were they given the facts that had the sale happened a couple of days later that they would have qualified for a dividend payment?

Additionally the statement that the share price drops immediately after the ex-div date is passed seems to be untrue in this instance: Warehouse REIT - sold 26th range 1.095p to 1.12p or 29th May 1.125p to 1.16p both approx.

So you would have qualified for a dividend and sold at a higher sale price had the sale occurred later; where members given that possible scenario when asked to vote on the sale or did someone else make that decision on their behalf? The statement "Selling at Best" seems to have been ignored here... :wtf:

Post Reply

Who is online

Users browsing this forum: No registered users and 0 guests