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RGL Regional Reit Limited

20.60
0.35 (1.73%)
Last Updated: 11:12:40
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Regional Reit Limited LSE:RGL London Ordinary Share GG00BYV2ZQ34 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.35 1.73% 20.60 20.50 20.60 21.50 19.64 19.64 1,650,942 11:12:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 93.32M -65.16M -0.1263 -1.63 106.5M
Regional Reit Limited is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker RGL. The last closing price for Regional Reit was 20.25p. Over the last year, Regional Reit shares have traded in a share price range of 12.80p to 60.00p.

Regional Reit currently has 515,736,583 shares in issue. The market capitalisation of Regional Reit is £106.50 million. Regional Reit has a price to earnings ratio (PE ratio) of -1.63.

Regional Reit Share Discussion Threads

Showing 4176 to 4197 of 4200 messages
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older
DateSubjectAuthorDiscuss
28/3/2024
08:53
We all know that something has to be done, it is just a question of what gets done in what combination.
rcturner2
28/3/2024
08:47
Reached a decent point to apply some shorts. Story breaks about fundraising a price x, price falls to x, it doesn't happen the very next day therefore it can't be happening at all so price recovers. Corporate event ultimately happens per prognosis at some later date. Meanwhile we have some comprehensive financial data that informs the view that something needs to be done.
hpcg
26/3/2024
22:17
So Shell Retail Ltd office at Coventry expired in FY23 at a rent of 1.4 they've renewed for two years at 0.9m. If this is replicated across every renewal doesn't bode well. I appreciate things wont play out as bleak but NRI is going to remain under pressure and thats if they can hold the void rate steady which seems unlikely.
nickrl
26/3/2024
12:42
Add in capex (both what's been spent and what should have been spent - the later harder to quantity) And it's not cashflow covered Fine if there's debt capacity :)
williamcooper104
26/3/2024
10:16
"Significant preparatory work has been undertaken to date in respect of both the debt and equity refinancing options".

And more extensively from the annual report

"As previously mentioned,the maturity of the £50m 4.5% Retail Eligible Bond in August 2024, has been a particular focus of the Board. The most appropriate refinancing option is still subject to commercial and practical considerations, though significant preparatory work has been undertaken to date in respect of both the debt and equity options, which remain under active consideration."

Section 29.7 In the annual report "Liquidity Risk" they have £94m of outgoings to fund in 2024: the retail bond, £20mn of bank debt to repay and £31m to trade creditors, with £8mn on the positive side for interest rate derivatives and in a table above £9mn of receivables. The net bank repayments made in 2023 account for the reduction in cash over the period. £6mn of the payables was for the dividend announced but not paid.

hpcg
26/3/2024
09:38
@Feddie rent roll is down another 4m at year end vacancies are up so ongoing expenses up over 3m on previous year the only positive is the inv mgt fee is down a fair whack which helps them just keep divi covered going forward. However, net cash is down 15m to 35m and how much of that could be set a side for the bond im not sure but probably no more than 20m. So im surmising its Plan A a race to complete property sales or Plan B raise some additional cash. Why they just didn't cull the dividend for 2-4qtrs is beyond me and surely a city scribbler will ask that.
nickrl
26/3/2024
09:09
All in million

1. Revenue: 91.9
2. Property costs: (38.2)
3. Administration: (10.6)
4. Finance costs: (16.2)

FFO (1-(2+3+4)): 26.9
Forward looking dividends: 24.8

Dividends are covered. If cut, they would go a long way to reducing debt.

feddie
26/3/2024
08:40
Yes - let's pay a divi > than op cashflow And then do a rights issue That's the way to do it :)
williamcooper104
26/3/2024
08:01
it was mentioned before, but its still true now: there's a lot of weak minded people on this thread.
arbus5000
26/3/2024
07:54
Operating cash flow 22m. Dividends paid 32m. How long can that continue
dartboard1
26/3/2024
07:45
Because you're wrong ? Ever crossed your mind ?
feuille
26/3/2024
07:42
How can there not be a RI accompanying these results - must be having trouble getting it away.
spectoacc
26/3/2024
07:32
Some weeks ago I posted that there was probably value in RGL but they would effectively need to go into wind down in order to pay off all the borrowing on time. That calculation was based on £150m disposals in 2024, so good so far. Unfortunately for shareholders it would also mean £150m in 2025 and again in 2026. I still don't see an investment case for the shares (at anything much above 10pps considering the risks v rewards outcome), but the bonds are looking a bit more secure.
grahamg8
26/3/2024
07:15
The current disposal programme comprises of 58 assets totalling c £130m:

· one disposal contracted for £405,000;

· 10 disposals totalling c. £22 million under offer and in legal due diligence;

· 9 further disposals totalling c. £20 million are in negotiation;

· 24 further disposals totalling c. £42 million are on the market; and

· 14 potential disposals totalling c. £46 million are being prepared for the market

rcturner2
19/3/2024
09:40
Yep Spectoacc, ink on RI document dried a long time ago, only bit blank is the price and that is finding the sweat spot for underwriting fee /resemblance of reputation
10p still my thinking and will probably take that on my bonds if shareholders dont take full allocations

hindsight
19/3/2024
07:32
I'm not sure Specto. The bounce to 17.5p seems too high to me. On the other hand the pricing of the retail bond suggest the RI is going to be successful too.

I begin to wonder if the bounce is short closing combined with some bottom pickers who maybe think there is room for a bid at 25p.

cc2014
19/3/2024
06:56
The bounce implies the RI is nearly ready IMO - major shareholders all over the wall.
spectoacc
18/3/2024
19:40
"significant preparatory work has been undertaken to date in respect of both the debt and equity options, which remain under active consideration."

Perhaps a convertible then lol, so the lender can convert n dump the shares at a later date to cover risk - maybe not a bad deal if at the CRE nadir

Anyway, a technical base is forming.. it'll cross the exit line soon

ih_431051
18/3/2024
18:19
Maybe there isn't a RI
tiltonboy
18/3/2024
18:05
Price seems to have bounced back somewhat? I don't really get it due to the rights issue
tradez4dayz
14/3/2024
20:22
Retail bonds rank higher than equity. If they don't repay them, they will be in default and this default may even cause a default on their bank debt. Can't see retail bond holders exchanging current bonds for new bonds at higher rates as they will be trade below par almost immediately. Sales will help, but half that money has to go to repay bank debt and timing is difficult to predict. A large equity raise is the best option but will dilute everyone if it's not an open offer. There are a large number of PE funds which would have a go here at the right price.
lpavlou
14/3/2024
10:49
I think all the assets, or almost all, are encumbered
williamcooper104
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older

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