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Anonymous
What are the pros and cons?
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Billy
30 Jan 2020
Development & Acquisitions Manager at Real Estate Private Equity
Seedly did generate a rather thorough analysis of the Elite Commercial REIT IPO here
I am rather tempted to buy in given how it's leased to the government and the leases only expire in 2028 and the yield of 7.1% is rather generous and given the small pool of stock allotted for this IPO exercise, I foresee demand to be high.
However, what I don't like about this IPO is the high price, usually REIT IPOs are priced approx $0.80 - $1, whereas this is at $1.21. Also, pound-denominated dividends / trading adds on to my resistance when deciding if I want to apply for this IPO. Too much uncertainty. Also given how the Wuhan virus is shaking market sentiments, launching an IPO at this time may not be well sought after.
Since the closing date is 4th Feb, I'll probably hold up till 3rd Feb before making a decision
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Just Being Ernest
30 Jan 2020
Content Creator at www.youtube.com/c/JustBeingErnest
Personally I will not go for the ipo
3 reasons
High concentration risk in terms of tenants and loc...
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Difficult to judge...
could be good, could be bad
on the plus side: government tenant
risk: Brexit associated things?
(I imagine that after Brexit the U.S., particularly the current president, will be supporting the UK by way of favorable treaties to diminish Brexit fallout ...)