Overview
CEIBA Investments began trading on the London Stock Exchange in October 2018. It is an existing investment company focused on real estate investments in Cuba. The company is the pre-eminent foreign investor in Cuban property. Its directors believe there is a window of opportunity to invest in expanding its portfolio while competition from US investors is curtailed by their government’s policies.
CBA is targeting (but not guaranteeing) total shareholder returns of between 12.5% and 17.5% per annum (in US dollar terms) and a 4% dividend yield on the issue price.
The directors believe that Cuba is at the beginning of a period of profound change. However, it is not easy to get direct exposure to Cuba. Over time, CBA has become the largest foreign holder of commercial real estate assets in Cuba.
Please read our initiation note on CEIBA Investments, including notes ion the risks associated with investing in Cuban property by clicking here
- “Unique access to Cuba”, published in September 2018, CEIBA looks to target high rates of return with US investors held back by government policies
You can access the manager’s website here
CEIBA Investments: CBA
Fundamentals
Price
Research History
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22 Jan 2021 16 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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12 Nov 2020 6 min read
QuotedData’s Economic Roundup – November 2020
Economic and Political Monthly Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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12 min read
QuotedData’s Real Estate Roundup – November 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. October finished with the threat of a second lockdown looming over the UK as COVID-19 cases continued to rise. However, this did not dampen demand for shares in some of the companies […]
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16 Oct 2020 11 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
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15 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit Stubborn resistance The end […]
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29 Jul 2020 2 min read
QuotedData’s Property Summer Conference – week 4
COVID-19 is creating havoc in some parts of the property sector but others are thriving. On Wednesday 29th July we held the fourth of our summer property webinars where the managers of Triple Point Social Housing, CEIBA Limited, Supermarket Income REIT, Schroder European Real Estate Investment Trust gave presentations on their fund, the property sector as a whole and […]
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14 May 2020 30 min read
CEIBA Investments – Primed for long-term growth
Primed for long-term growth CEIBA Investments (CBA), the foremost foreign investor in Cuban real estate, has reason to be optimistic for its long-term growth despite the present covid-19 pandemic. Not only does CBA stand to benefit from the development of the Caribbean island as a leading holiday destination, but with the US Presidential election taking […]
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07 May 2020 11 min read
QuotedData’s Investment Companies Roundup – May 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over April: An update note […]
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20 Apr 2020 10 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
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10 Mar 2020 16 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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30 Jan 2020 16 min read
QuotedData’s Real Estate Annual Review – 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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10 Jan 2020 9 min read
QuotedData’s Real Estate Roundup – January 2020
Real Estate Roundup Performance data December’s biggest movers in price terms are shown in the chart below. December was a good month for listed property companies, with the sector experiencing a bounce following the convincing majority the Conservative party won at the general election. For the second month in a row, estate agency group Countrywide […]
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06 Dec 2019 8 min read
QuotedData’s investment companies roundup – December 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]
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07 Oct 2019 8 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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12 Jul 2019 9 min read
Quarterly investment companies roundup – Second quarter 2019
Quarterly investment companies roundup – Second quarter 2019 QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]
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05 Jul 2019 4 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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07 Jun 2019 4 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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08 May 2019 4 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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22 Mar 2019 2 min read
QuotedData’s investment companies roundup – March 2019
QuotedData’s investment companies roundup – March 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2019. Kindly sponsored by Baillie Gifford. JPMorgan Chinese, Fidelity China and Pacific Horizon benefited from a booming Chinese market in […]
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25 Jan 2019 2 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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18 Sep 2018 2 min read
CEIBA Investments – Unique access to Cuba
CEIBA Investments – Unique access to Cuba CEIBA Investments Limited (CBA) is an existing investment company focused on real estate investments in Cuba, with a pre-IPO NAV of $175m (approximately £135m). CBA is the pre-eminent foreign investor in Cuban property. Its directors believe there is a window of opportunity to invest in expanding its portfolio […]
News
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16 Dec 2020 3 min read
CEIBA looks forward with confidence
Ceiba looks forward with confidence – CEIBA Investments Limited has updated investors on trading, operations and investments, in particular with respect to its expected operational result over 2020, its investments in the mixed use multi-phase industrial park to be located in the Special Development Zone of Mariel, the construction of the 400 room beachfront hotel Meliá […]
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23 Oct 2020 2 min read
CEIBA Investments acquires stake in Cuban logistics development
CEIBA Investments, the Cuban real estate investor, has acquired a 50% stake in a mixed-use industrial park development project in Mariel, Cuba. The initial investment in GBM IT Mariel, the company spearheading the development, will be limited to €1.5m. GBM IT Mariel will develop and operate a mixed use multi-phase industrial park on an undeveloped tract of […]
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29 Sep 2020 3 min read
Ceiba “will survive COVID”, look out for Biden win
Ceiba Investments, the owner of Cuban commercial real estate, reported interim results today that saw net asset value fall 8.9% due largely to big valuation falls in its hotel properties. The company is debt free and its four-strong hotel portfolio is capitalised to the tune of $40m, which is more than enough to comfortably see […]
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08 Jun 2020 3 min read
CEIBA says Cuba close to reopening its borders and tourism industry
CEIBA Investments (CBA), the real estate company focused on Cuba, has released a trading statement, in which it look at the state of the pandemic in the country, Cuba’s role in helping other countries, and the current state of the company’s trading, operations and investments. Cuba close to a staged reopening of the tourism industry and […]
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28 Apr 2020 2 min read
CEIBA Investments reports slight uplift in NAV
CEIBA Investments (CBA), the real estate company focused on Cuba, has reported a slight increase in its net asset value (NAV) in full year results to the end of December 2019. The company, which owns four hotels and an office complex in the Caribbean island, saw its NAV per share increase to $1.50 from $1.49 […]
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03 Apr 2020 6 min read
Ceiba Investments updates on COVID-19 and suspends 2019 dividend
Ceiba Investments (CBA) has provided an update to the market in light of the COVID-19 pandemic. It says that, in the first two months of the current financial year, there was no material COVID-19 impact on its operations, trading and investments. However, as of March 2020 hotel reservations for the year started to be affected by […]
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2 min read
QuotedData’s morning briefing 3 April 2020
In QuotedData’s morning briefing 3 April 2020 Trump tried to talk up the oil price with news of a Saudi/Russia meeting. It seemed to work but Russia denied all knowledge. In light of the COVID-19 restrictions, Hammerson shareholders will no longer be able to attend its AGM on 28 April 2020 and are instead encouraged to […]
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30 Sep 2019 3 min read
Ceiba interim result show Trump impact
Ceiba interim result show Trump impact – Ceiba Investments (CBA) has published interim results to 30 June 2019. NAV per share decreased from US$1.49 as at 31 December 2018 to US$1.39 at 30 June 2019, mainly as a result of the increased discount rate and a downward adjustment of the estimated future cash flows to be generated […]
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03 Jun 2019 2 min read
Ceiba trading statement reflects Trump bluster
Ceiba trading statement reflects Trump bluster – One of the many fights that Trump is picking with the rest of the world is with Cuba, where a gradual warming of relations under Obama has turned decisively frosty. As announced on 29 May 2019, Ceiba’s NAV at 31 March 2019 was US$1.5073 (31 December 2018 audited NAV: […]
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01 May 2019 2 min read
Ceiba’s first results show Trump impact
Ceiba’s first results show Trump impact – Ceiba Investments has published its first set of results since listing in the UK. Aberdeen Standard Investments paid the company $5m to buy the management contract. How this deal is treated in the accounts distorts the figures – either it is recognised straightaway or the accountants spread the […]
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30 Jan 2019 2 min read
CEIBA fully invested
CEIBA fully invested – CEIBA Investments Limited says it has now successfully deployed all of the £30m raised in its IPO. The company repaid the outstanding EUR30 million bridge loan (that was previously provided by its largest shareholder) in order to expand their interest in the Meliã Las Americas, Meliã Varadero and Meliã Sol Palmeras hotels […]
