|Real Estate Investors
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Real Estate Investors News
|Real Estate Investors Daily Update: Real Estate Investors is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker RLE. The last closing price for Real Estate Investors was 62p.|
Real Estate Investors has a 4 week average price of 59p and a 12 week average price of 53.50p.
The 1 year high share price is 63.50p while the 1 year low share price is currently 51.50p.
There are currently 186,420,598 shares in issue and the average daily traded volume is 12,110 shares. The market capitalisation of Real Estate Investors is £112,784,461.79.
|sunfish2: Good news on the placing, though--only a small discount to share price.|
|sunfish2: So, what about the share price?
Everything is in place, new equity, new directors, good cash flow. When does this translate into action?|
|sunfish2: Martin, sure, of course.
But in reality, Bassi/Caledonian are working together--that's how it is in small cap stocks and hence my comment about the artificiality of the share price quote.
Neither party will go beyond 29.99% and trigger a bid. My guess is that they will place new shares to raise I hope £30m+ and then with perhaps 40% of the enlarged capital, still call all the shots---that's good; Caledonian back winners and Bassi is a shrewd operator.|
|sunfish2: The Chief Exec is highly regarded and sucessful, so I imagine that he want's to move the company along and not just sit and watch the property market pick up.
The rest of the board have a good history and have bought significant shareholdings. Howewver, with Caledonian and Bassi controling over 50% of the shares, they will need to have a strategy to move the share price.|
|simon gordon: affc21,
That would give a share price of 6.41p. Not a huge discount.
Came across this on your iii link:
pg 45, "The Broker's View" - Investors Chronicle 21-27 Aug 2009
"...And Real Estate Investors is a bit of a tiddler with a market value of just £16m, but it has refinanced debts on its portfolio of property in the Midlands, holds £14m in cash, and is backed by Caledonia Investments. And, at 4.25p, the shares are trading at a 40 per cent discount to NAV."|
|59david: Makes a pleasant change from all the other AIM companies I hold shares in which always seem to have to do their placings at significant discounts which both pulls down share price in short term and then stops it increasing much as any substantial increase is typically followed by profit taking from those that bought in at the low placing price. This looks much more hopeful IMHO|
Real Estate Investors share price data is direct from the London Stock Exchange