Property & Infrastructure Funds Listed property report card for August 2017

Discussion in 'Shares & Funds' started by twisted strategies, 24th Aug, 2017.

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  1. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    1,461
    Location:
    QLD
    Listed property report card for August 2017 - Cuffelinks

    of the REITs mentioned

    i exited AOG before the big media circus ( made me look clever , rather than a disappointed share-holder )


    ABP i hold and would like to add more below $3

    BWP i hold and would like to add some more , in case they buy the OfficeWorks sites or some UK Bunnings sites

    MGR i hold up about 100% , no particular moves planned here

    SCP i hold ( partially courtesy of the WOW demerger ) i will consider reducing ( NOT exiting ) if a suitable price arrives

    SGP i hold ( up 30% ) will look to add in the big dips , but is a low priority move

    ( DYOR )
     
  2. Turbo_C

    Turbo_C Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    79
    Location:
    Mackay
    Thx for the link and tips

    I like BWP, I think they are Amazon proofed and maybe even somewhat recession proofed, considering Aussies may turn to reno's in a downturn.

    Problem is BWP cut dividends 30% during the GFC, plus it's a pure retail play, which does terribly in times of crisis, even more so for consumer discretionary. Not too mention the possible oversupply of hardware floor space in AU. Millennials can't find the disposable income, not sure the domestic growth is sufficient.

    Their move into the UK is exciting, I've been meaning to look at these guys closer

    AGP I will look at

    Re; SCP, MGR, SGP, - These guys don't make it past the first check for me.

    As a conservative income investor I refuse to buy pure play retail, pure play industrial, pure play office, I don't like any hard weight in the resi space at all.

    I like healthcare, storage, data centers and diversified, but I suppose we all invest were we're familiar, Bunnings I think has proven they have a wide moat

    I hold all AU stocks to a weary eye, the 27 year recession gap here makes for a complacent business environment IMO. Plus I can afford to be picky as I looking at all major markets

    @twisted strategies I like a few others you hold, INM, CMW

    CMW look like its close to a bargain, I'll focus here first

    I have limit order on WPC.NYSE @ 60 USD and currently looking at Singapore

    I hold OHI.NYSE, BLP.NYSE
     
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  3. twisted strategies

    twisted strategies Well-Known Member

    Joined:
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    Location:
    QLD
    SCP was mostly courtesy of the WOW demerger , i added some extras and am now looking at an opportunity to recover the cash ( and costs ) but still retain a reasonable size holding at no cash risk .

    so buying SCP at say $2 , ... not for me , so i can understand your caution ,

    MGR was bought at ( roughly ) half the current share price , at that entry point she is a little ripper , near current prices , would be a calculator assisted decision from me ( but i suspect not )

    SGP has been less impressive in SP gain but has been a reliable payer ( another calculator assisted decision needed )

    data storage centres , now this is where you need some experience and some vision , having worked in such centres ..THEY ARE NOT ALL THE SAME ( you might have seen different versions of the IBM sites and other 'allegedly modern' sights , but they are NOT the future , the future is 'hot isle' not fancy cooling systems no under-floor cooling and cabling any warehouse with high quality power will do ( if you generate the power on-site you are well into bonus points ) now these 'hot aisle' sites are currently in minority use but the future also says low power usage chips will rule , making 'hot aisle ' even more compelling for server farms ( Amazon , etc)

    i bought TIX ( taken over now and renamed ) i exited TIX pre-take over i didn't like the predator , time will tell if i was correct

    ( since Bunnings now have some big empty sheds will they take advantage and start server farms/data centres ... i don't think they will )

    i think Bunnings MIGHT buy some Office-Works sites and/or UK Bunnings sites for future growth but time will tell .

    in contrast to you i LOVE niche REIT plays ( my theory is find a specialist in that area ) trying to cover multiple sectors needs too much cash ( debt )

    RFF is doing better than i expected ( it looks so simple on paper , buy good farmland and lease it out , but it isn't )

    INM was a moment of madness i bought during the REC in the take-over , international exposure 3 monthly divs and exposure to a quality IT related business , i worked hard to average down the REC price , i hope i got it right .

    i am not sure i will have the luxury of time , i am hurrying, now ( and then hoping later )and will try to grab some bargains when i can .

    CMW being a 3 monthly div. payer is trapped in a range by traders , but the low SP and solid yields make it very attractive to ( especially as the DRP scheme is usually in operation )

    so don't expect a dramatic SP rise unless something important changes ( like a consolidation )

    i will be surprised ( and so will be my doctor ) if i am alive in 20 years ( let alone still able to trade/invest on my own behalf )

    but good luck to you , starting younger than i did might be a bonus for you ( late and needing to get it DONE by 2020 , certainly helped me focus all i needed to do it better was a crash in 2013/2014 , but it was not to be .)