|Duet Real Est
||EPS - Basic
||Market Cap (m)
|westcountryboy: So, 7.93p to be received. I note that the valuation of the loan (£21.7m) did not change between December 2015 and March 2016 - I wonder why not?
So if the 7.93p is distributed (and I guess it may not quite all be) that leaves 6.55p, or £4.7m, left. I am struggling to find any way of reckoning potential upside on the three remaining loans - which incidentally have hardly changed in valuation in the last 15 months.
However the euro value of E15.8m for two of them is now worth £13.1m as against £12.4m at the end of March.
In all, still rather opaque, but difficult to see too much downside from a current share price of 13p!|
|skyship: Don't see anything untoward in today's Update; though dividend much reduced. However, all part of the final liquidation payment of course:
|ryandj2222: Thanks... I was meaning more in terms of if the capital payouts and divis will beat the current share price as it winds down?|
|renew: Hi Sky
Thanks as always for your sharing of info.
re JPEL: The share price has been rising. The 28% discount to NAV you mention is based upon which share price?
|scburbs: Looks good value at c.10% below NAV post distribution of c.78.9p (NAV po 93.5p-15.6p+c.1p earnings post 31 December) and adjusted share price of c. 71.15p (86.75p-15.6p).
It would be good to get the large French loan sorted and it would be useful if they could say what they are actually doing to enforce their rights as the same bland old statement is getting boring.|
|jonwig: Thanks for comments, zastas.
The targeted returns (capital and divi) look too good for the present Eurozone uncertainty. The main attraction is that EZ banks won't lend, so these people can get better terms.
But ... a lot is mezzanine, and LTVs are sometimes a bit high. As you say, RECI is more attractive, particularly as it has performing assets.
I suspect the share price will lag conditions on the ground, and the NAV isn't robust enough in the way it's calculated.
So, like yourself, eyes open, wallet not yet!|
Duet Real Est share price data is direct from the London Stock Exchange