Duet Real Est Share Discussion Threads

[nk104] 18/6/2015 11:01

The return of capital will be paid to shareholders on the register at the close of business on 12 June 2015 (the "Record Date"). The ex-date will be 11 June 2015. The B shares will be issued on 16 June 2015 (the "Issue Date"), redeemed on 17 June 2015 (the "Redemption Date") and settlement is intended to be effected on 18 June 2015. Payments of redemption monies are expected to be made either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form).



Anyone had their accounts credited with the 'B' shares, or even the tinkling sound of cash yet?

[bandit99] 05/6/2015 09:41

Thanks I'll have a look at those

[scburbs] 05/6/2015 09:00

They launched fund 2 sometime ago, but it doesn't have a listed feeder fund.

SWEF and LBOW are similar, but are lending into a more competitive market than DREF lent into.

[bandit99] 05/6/2015 08:58

Anyone aware of plans for a follow-on fund? Or suggestions for something similiar?

[scburbs] 04/6/2015 11:23

Another loan realised explaining the delay in capital return. Loan 2 (mezz loan over office in Canary Wharf) which is the second largest remaining loan falls due in 1 month. This is like a high yielding multi-term deposit account, perhaps another 5-10% still to return over the next year at current price.

"The board of the Company is pleased to announce that the full repayment of all principal and accrued interest has been received on the Master Fund's UK Business Park loan (Loan 9), earning returns in-line with its investment criteria. The Company's share of proceeds realised by the Master Fund totals £2.0 million, equivalent to 2.79 pence per share.

...

The board has resolved to return an amount of 9.36 pence per share"

[eeza] 28/5/2015 18:20

So dividend 1p. ROC unquantified & payment date unspecified.

[nk104] 28/5/2015 17:45

Well that looks ok. Once you account for the B shares and the 1.25p dividend it looks like a gain of just over 1p over the quarter.

[skyship] 28/5/2015 15:52

Dividend, NAV, Return of Cap., Update etcetcetc:

[eeza] 22/5/2015 18:25

Co bought back 50000 shares at 34.75p today.

We're due an RNS regarding Div & ROC before end of month - only 4 trading days left so cutting it fine now.

[eeza] 24/4/2015 19:34

Bit more money in the coffers. Update at 1700hrs.

[skyship] 14/2/2015 11:00

Dividend, NAV, Update etc:

[langland] 08/2/2015 19:18

Just a hunch but could be linked to Whitewood Capital.....Belgium based and REIT..........worth a google

[skyship] 08/2/2015 17:10

DB - do you have any detail on Whitewood?

[ryandj2222] 07/2/2015 16:52

Thnaks - will look out for that one!

[davebowler] 05/2/2015 15:16

FinnCap is launching a new fund called Whitewood soon that might be worth a look.

[asmodeus] 29/1/2015 17:05

Sorry, can't help, then. (No time to research at the mo).

[ryandj2222] 29/1/2015 13:00

Thanks... I was meaning more in terms of if the capital payouts and divis will beat the current share price as it winds down?

[asmodeus] 23/1/2015 16:08

Well - I'm not investing in anything at all until I see what happens after the Greek election. N.B. this policy may be a mistake!

[ryandj2222] 23/1/2015 13:52

Would anyone consider it worth re-investing payouts in DREF?

[ryandj2222] 23/1/2015 13:46

It's come through now actually.

[asmodeus] 23/1/2015 12:31

Yes - got letter from Capita this morning.

[ryandj2222] 23/1/2015 12:29

In the RNS on 8th January, it was indicated that the capital would be paid this week (22nd January)... I haven't received anything yet, has anyone else?

[skyship] 15/1/2015 19:15

As today's 35p BID was EX 14.15p distribution - we had quite a good day; effectively up from 47p BID to 49.15p BID - a rise of 4.6%...

Please correct me if I've got that wrong!

[nk104] 15/1/2015 09:02

Another capital payment coming down the track. Announcement made a few days back.

[skyship] 24/12/2014 12:46

DREF announces that on 24 December 2014 the Company repurchased 50,000 of its ordinary shares at a price of 47p per share