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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rdi Reit P.l.c. | RDI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 121.20 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 121.20 | 121.20 |
| Top Posts |
|---|
Posted at 09/11/2020 11:57 by makinbuks Thanks, agree with your analysis. I suspect with Starwood the main investor now there will be more focus on the hotel sector although as you point out the current portfolio is challenged to say the least |
Posted at 11/5/2020 19:10 by theprovosts Even a 30% decline in the value of all there assets would still leave a NAV around 80p per share. Considering the most recent disposals were around 8% discount, I'd say these are cheap. Expecting news about the recent German disposals soon:"In September 2019, the Group exchanged on the disposal of the Altona Shopping Centre, Hamburg for total consideration of 91.0 million... Although the contract remains legally binding, control is not deemed to have transferred from the Group at the reporting date"Plenty forced sellers around, great time to be buying assets for the long term investor. |
Posted at 30/8/2019 16:01 by wunderbar nickrl - go to following page www.rdireit.com/inve |
Posted at 02/3/2019 04:15 by macthepak The problem with retail parks and shopping centres should have been recognised back in 2017.Some of the cash from recent sales should have been used to reduce the loans on these retail and shopping centres. If the dividend is cut I expect the share price to fall to maintain a yield between 8 and 10%. This is not good for the long term investor but a great buying opportunity for a new investor if and when the announcement is made for a dividend cut expect a sharp fall in the share price. PS I still follow RDI for old times, I know longer hold any shares in RDI. |
Posted at 28/2/2019 11:46 by wunderbar Todays pre-close update has not been well received - share price currently down 10% @ 135p. So much for the consolidation doing wonders for the share price - so far it's been a disaster (down c.17%). I personally preferred the perceived penny stock status as share price movement was relatively tight/stable whereas now it's become uncharacteristically volatile and leaves the share price vulnerable to further market manipulation.As for today's sharp fall I believe this is attributable to a loan with Aviva on four UK shopping centres - the company states "Given the deterioration in values for UK shopping centres and the resultant increase in the lender’s loan to value ratio, all net operating cashflows from this portfolio are being retained within the facility and are anticipated to be used to reduce the outstanding facility balance. Net operating cashflows from the portfolio after interest costs are approximately £6.5m on an annualised basis". In other words a loan covenant has been breached/triggered as a result of falling values of the centres which means under the terms of the loan RDI cannot use proceeds from this estate to reinvest in other parts of the business or contribute towards dividend payments. The company goes on to say "the board has continued to place a greater emphasis on liquidity and maintaining lower levels of leverage. Net disposal proceeds generated in the prior financial year and limited reinvestment has resulted in approximately £40m being retained and applied toward lower leverage." Reading between the lines I think investors should brace themselves for a steep dividend cut - I reckon anything between 25-40% (reducing payout to 8-10p p/s giving a yield of 6-7% at current levels). Today's fall has pushed RDI's yield up to c.10% (13.5p). Given the ongoing concerns re UK retailing it's safe to say NAV will also be taking a hit come Interim results. In August NAV was reported @ 42.8p (214p post consolidation). For info 29% of RDI's portfolio is exposed to this sector (18% shopping centres and 11% retail parks) - personally I'd like to see overall exposure reduced to 15-20%. It's somewhat hard to gauge the overall impact these inevitable writedowns will have on NAV but for the sheer hell of it I'm going to factor in a 30% decrease (hopefully this is worst-case scenario) which implies a NAV of 150p. According to RDI's website they are "committed to becoming the UK’s leading income focused REIT". That's a all very well and good but consider the fact share price has fallen year on year for past 4 years - any dividends paid out have been dwarfed by capital erosion. RDI management need to get their act together or face the wrath of shareholders/institu |
Posted at 22/2/2018 10:38 by tyranosaurus Obviously the tour of the London offices did not encourage the institutional investors to buy buy buy.The downward trend looks like continuing. |
Posted at 13/12/2017 02:04 by macthepak To be honest I tend not to pay much attention to after hours trading.Lets go with what you say 11 million goes through at 34p and I see it is located in the buy column. So one reasonable/rational/ The price should rise today (13.12.2017) |
Posted at 05/2/2016 10:41 by rooky4 " If the Placing proceeds, the Placing Price per UK Placing Share would be determined by the Directors and the Bookrunners, following their assessment of market conditions and discussions with a number of institutional investors during the course of the Bookbuild. In any event, in accordance with Listing Rule 9.5.10R, the Placing Price would not be at a discount of more than 10 per cent to the middle market price of the Ordinary Shares at the time of agreeing thePlacing." etc etc So if I read this right, the placing will dilute us ordinary shareholders who will not be invited to participate, and the current lower share price will give an even lower placing price? |
Posted at 14/7/2014 13:13 by johnroger Hi Gary, thank you for your interest.I have had a comprehensive response from the co sec copied below so have asked my SIPP manager to apply for payments to be made gross. SLI is worth looking at but no thread exists for FCRE that I can find Thank you for your email and apologies for the delay in replying. If your shares are held in a SIPP, the Manager/custodian (whose name would appear on our share register) can apply for the dividend to be paid gross. If you have not already seen the related links on our web-site, please refer to these below. We have set out all the necessary implications for all shareholders following our recent REIT conversion. I attach the pdf linked document for your convenience, please see bottom of page 1 and top of page 2, the necessary forms can be found at:- hxxp://www.redefinei There is also a full circular which has been sent to all shareholders, which is available in the following link, named "Circular relating to receiving a cash or Scrip dividend dated 30 April 2014" hxxp://www.redefinei If you need any further information or help, please feel free to contact me again. Many thanks and kind regards Lisa LISA HIBBERD Company Secretary 30 Charles II Street, London SW1Y 4AE Telephone +44 20 7811 0116 | Facsimile +44 20 7811 0101 Email LHibberd@redefineint www.redefineinternat |
Posted at 13/3/2014 17:48 by dashton42 Tipped in Investors Chronicle today. For those with access: |
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