This real estate investment trust invests in supported housing facilities in the UK.
63% Discount
9.8% dividend
Gearing is 50% but…
“Debt £195 million 13 years interest only fixed at 2.634%”
Using some of the money from the sale of Civitas to buy SOHO.
Common Freetrade waiting for my soho dividends to re invest😃. I kmow it was only Friday they paid out!
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Thanks I had forgotten about SOHO dividends.
I probably won’t invest it SOHO. As no doubt it will rise on the day and for few days after
Have used other dividends to reinvest in SOHO.
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Paid my SOHO dividends. Mine is in an ISA. Guess what?
They have taken out tax.
Unreal, do you have to tell them every time?
Emailed them normal reply , I will get back to you before the winter solstice!
PS up 6.24% at the moment.
Looks like a lot of reinvesting dividends going on!
If anything a good time to sell and buy back next week!
Not advise. Just in case you thought I was serious!
According to freetrade they can’t be bothered claiming the tax back from the taxman?
“We do reclaim tax on PIDs in ISAs, however this is something that has been paused for the moment. We’ll be sure to let you know once this has been resumed”
Out of order or what?
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Up 6.4% today…so far.
The market maybe thinking the risk associated with social housing is overdone… with the exception of HOME REIT. Where it is underdone, with the benefit of hindsight.
SOHO
Was up 15%. Today up 2.5%. I have some decent dividends coming in so still buying.
9.4% dividend but freetrade can’t be bothered sorting out PID so minus 20%.
Recent update on property sales
So sold 4 properties below valuations. 3.6% so nothing extreme.
Quotedata’s view YouTube video
65 days since SOHO dividend payment. They claim to pay PID between 30 to 60 day.
Contacted them this was the pathetic reply:-
"Thanks for your patience regarding this.
We are still currently waiting for an update from the wider team regarding this.
We’ll let you know once we have received a response. 
"
Unacceptable.
Basically being ripped off.
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I assume you haven’t had the tax back either?
Correct… that’s a few and starting to mount up into a few pound. I dont understand being in an isa why the tax is being held back
Shouldn’t be taken out in the first place.
You are loosing money, as in interest or reinventment and the subsequent dividends.
It’s highly unlikely you will see the money before the next exdivided.
Incompetent.
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Email reply reference PID
"Thanks for your patience regarding this.
We are still currently waiting for an update from the wider team regarding this.
We’ll let you know once we have received a response. "
So one part of the"team" isn’t replying to the other?
We may never get are money unless we go to FCA
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Was it dividay on Friday??? Market dropping and waiting to invest my dividend typical comeone soho lol
You will be lucky. I have been paid on 212.
I have emailed them today normal excuses, from a crib sheet
In fact the same reply as the one above as I asked about pid as well.
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Oh lucky you😃 well i will have to wait
No the vast majority of mine are in my freetrade isa.
So like you i am waiting.
Its easy to work out when you will receive it, it will be after the market rises again!!
No doubt but seeing as im in the red for practical sll my shares now after the last month i have plenty to choose from !
Arrived couldn’t be bothered looking through my account just bought some more SOHO. Lazy
50.866p reasonable but yesterday would have been better?
Checked today could have been better!
But 10.73% dividend. Average dividend 9.7%(assuming i get my tax back…one day).
Good enough to help me wait for a recovery in the share price.