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RLE Real Estate Investors Plc

33.00
-0.50 (-1.49%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Real Estate Investors Plc LSE:RLE London Ordinary Share GB00B45XLP34 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -1.49% 33.00 32.00 34.00 33.50 33.00 33.50 125,569 13:47:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operators-nonres Bldgs 13.29M 10.93M 0.0633 5.21 56.98M
Real Estate Investors Plc is listed in the Operators-nonres Bldgs sector of the London Stock Exchange with ticker RLE. The last closing price for Real Estate Investors was 33.50p. Over the last year, Real Estate Investors shares have traded in a share price range of 27.50p to 34.50p.

Real Estate Investors currently has 172,651,577 shares in issue. The market capitalisation of Real Estate Investors is £56.98 million. Real Estate Investors has a price to earnings ratio (PE ratio) of 5.21.

Real Estate Investors Share Discussion Threads

Showing 1 to 15 of 2025 messages
Chat Pages: Latest  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
02/9/2004
11:09
take a look here
currypasty
02/9/2004
11:05
CurryPasty

You mention City Equities. I have just started talking with them. Have not taken up any of their suggetions yet, but they've also talked about this one to me today. Have you had much dealing with CE and what do you think of them ?? I've always done my own research and take time over buying decisions. They're very keen on an immediate decision based on a single phone call or a follow up call an hour or so after their first one. I'm not sure this fits with my trading strategy, but it would be interesting if you could comment.....

freeflow1
12/8/2004
09:10
Anybody out there
Why the rise on small volume

gaew
20/6/2004
11:28
LOM2 - ok, fair enough. Perloff's deal is also interesting. Although Panther get c. £700k of cash, they £625k in REI securities, none of which generates any imcome for Panther. If they had retained Eurocity Crawley then net income would probably be £100k or so a year (taking account of the higher borrowings). However, loan repayments are approx £100k per year, so you can see why this is good for Panther as they get all their cash out in advance. As far as REI are concerned, looks neutral really - £100k plus of rental profits, but no surplus cash. Panther probably just wanted out of this subsidiary - it has a long history of problems with Netcentric reclaiming the property from Eurocity at one point if I remember correctly, which is why Panther had to put cash into this subsidiary.
simonevans
19/6/2004
16:15
no simon
look at the prospectus
he sold it to company A (company owned by lewin) which sold it to company Boothmanor (*another lewin company) and then onto Real Estate Investors
in this case banks also have recourse to REI should there be problems paying the rent which seems strange

little old man

lom2
19/6/2004
15:41
sreed - I am not sure that is correct either. The property was offset by nearly as much borrowings. I'll check, but I thought he only made £100k on this from acquisition.
simonevans
19/6/2004
13:15
I have commercial property, and its just about going over the top with regard to capital value. It mirrors the base rate far closer than domestic buy to let. So, this begs the question, is rle buying at the top, and will see its asset value fall from now on ? If you buy high street city centre units with good covenants, you can expect a yield of 5%. Secondary sites, in towns, let to small Companies, and individuals can see 7-8%, but they may not pay!! Four years ago, rle, all else being equal would have made a killing, but IMO, and speaking with 20 years commercial property experience, its a bit johnny come lately.
Of course there is always potential to do good deals, but with interest rates moving up, a credit squeeze on the cards, property prices looking set to fall off, and high streets under increasing costs pressure, its fighting against the tide.
The other aspect is that the market expects a discount to nav, not a premium. Look at all the builders, with their land banks, even Companies with a big cash pile, NMS, for example, trade at a discount to their cash!!! Others are JIT, NOI, WTE, WSS, the list is endless, all trading at up to 50% below their nav...
So my conclusion is that JLE is one to watch, and I would invest at the right shareprice, but thats alot lower than todays price.

currypasty
19/6/2004
12:59
gaew
yes you are missing the mortgage interest payments
as a result the 365k is all eaten up, lewins salary is 60k and fd gets 60k and add plc costs of 100k
this is lossmaking and if rates rise will be even more so

simon
"also stumped up quite a bit of cash" ---err not quite
he has sold his own property into the biz, he owned it previously and having bought it for 800k ish i think has popped it in here for 1.3m, so although 500k went in, it also came out thru the back door

a 25%+ premium to assets at mo

sreed
19/6/2004
11:06
I held some shares in Newport and, quite frankly, Peter Lewin did not perform very well. Shareholders broke even and got a very low yield. Peter Lewin got a very high salary and an even bigger pay-off. Nevertheless, he is quite a deal maker and may do better this time around. He has also stumped up quite a bit of cash. It is very interesting that Andrew Perfloff's Panther have taken a material stake for the exchange of their Eurocity subsidiary - this looked a reasonable deal for REI. Panther's announcement was also fairly positive on the deal in terms of a stake in REI. Perloff's support is the strongest signal for me. However, there is no rush to get in at a 50% premium to NAV. I can't see this going much higher for the time being and so I will wait for better value before investing. Buying property companies at a premium to NAV is never the smartest move imo.
simonevans
17/6/2004
10:58
Income from the two properties already acquired is £365,000pa gross. The properties are rented out on standard repairing and insuring leases so 365K should cover all the running costs including directors remuneration If future acquisitions are to be funded mainly by issuing new shares then in theory the co should never be in a loss situation and should not need to raise further capital,share dilution should not occur because increase in asset value will compensate every time an acquisition is made. Am I missing something here
gaew
17/6/2004
08:38
I dont hold, just watching, especially as city equities tried to flog me some at 12.5. Many of my CE picks tank once they are out.
currypasty
17/6/2004
08:26
So Peter Lewin is back in town!

I am surprised he has surfaced so quickly after the departure from Newport Holdings which was never officially explained but allegedly included "nefarious dealings". It was all shoved under the carpet but basically he ran the show and did not inform other directors or major shareholders such as Jack Petchy or David Kirsch.

I notice the RLE statement says that the NAV at Newport was 206p but the exit takeover was 130p.

Be very careful!!

regards
Linhur

linhur
10/6/2004
14:25
does sound very interesting Currypasty,I bought a small amount this morning I would like to have to have more but Im looking at too many red arrows at the minute.
qfh
10/6/2004
13:38
REI, the commercial property investment company founded by Peter Lewin, the
founder and former chief executive of Newport Holdings PLC, announces that its
shares have been admitted to trading on AIM today under the symbol "RLE".
The Company has raised #2.27 million (before expenses) through a placing ("the
Placing") of 22,650,000 new ordinary shares of 1p per share ("Ordinary Shares")
at a placing price of 10p per share ("the Placing Price"). REI's market
capitalisation will be #2.64 million following admission to trading of all
issued Ordinary Shares at the Placing Price. The Directors have invested a total
of #650,000 at the Placing Price representing 24.62 per cent. of the Company's
share capital following the Placing and Acquisitions.

REI also announces that it has agreed to acquire two properties with an
aggregate market value as at 30 April 2004 of #4.2 million ("the Acquisitions").
One of these acquisitions, Eurocity (Crawley) Limited, from Eurocity Properties
PLC, a subsidiary of Panther Securities PLC, involves the partial satisfaction
of the consideration in equity and loan stock, which illustrates the Company's
stated acquisition finance strategy. The Ordinary Shares to be issued pursuant
to the Acquisitions will be admitted to trading on AIM on Friday, 11 June 2004
and will represent 12.31 per cent. of REI's issued share capital.

currypasty
10/6/2004
13:38
march 06

LONDON (AFX) - Real Estate Investors PLC reported a pretax profit of 20,000
stg for the full-year to end-Dec 2005 compared to a loss of 97,000 for the
initial six month startup period to end-Dec 2004.
Rental income in the full-year rose to 1.2 mln stg from 0.2 mln in the
comparative period.
Turnover rose to 1.18 mln stg from 214,000 st.

currypasty
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