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Share Name Share Symbol Market Type Share ISIN Share Description
Rdi Reit PLC LSE:RDI London Ordinary Share IM00B8BV8G91 ORD 8P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.10p +0.34% 29.20p 788,967 16:35:04
Bid Price Offer Price High Price Low Price Open Price
28.95p 29.10p 29.65p 28.65p 29.65p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 112.00 97.40 4.70 6.2 554.9

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Date Time Title Posts
25/12/201811:44:::: REDEFINE INTERNATIONAL ::::226

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Rdi Reit (RDI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-23 17:04:3929.201,102321.77O
2019-01-23 16:50:5129.2030,0978,788.93O
2019-01-23 16:35:0429.20155,44045,388.48UT
2019-01-23 16:34:4229.153,300961.95O
2019-01-23 16:34:4229.153,300961.95O
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Rdi Reit (RDI) Top Chat Posts

Rdi Reit Daily Update: Rdi Reit PLC is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker RDI. The last closing price for Rdi Reit was 29.10p.
Rdi Reit PLC has a 4 week average price of 27.70p and a 12 week average price of 27.70p.
The 1 year high share price is 38.10p while the 1 year low share price is currently 27.70p.
There are currently 1,900,449,536 shares in issue and the average daily traded volume is 753,361 shares. The market capitalisation of Rdi Reit PLC is £554,931,264.51.
wunderbar: Having first bought into RDI about a year ago c35p I've been topping up in recent days/weeks following accelerated decline to 28p. This drop has pushed the dividend yield up to almost 10% which looks too generous in current climate - maybe a cut is on the cards. I've noticed a lot of property stocks have tanked during past month likely due to Brexit fears / perceived retail collapse both of which look overplayed by the market - if I'm not mistaken 30-40% of RDI's portfolio is linked to retail sector. As things stand we are currently trading at 33% discount to NAV [42p]. One thing RDI need to address is the steady decline in share price during past 4 years. Rough figures are, 2015 -12%, 2016 -16%, 2017 -10%, 2018 ytd -22%.
macthepak: There has been a lot of after hours selling and buying last couple of days. MM's manipulating the share price again?
macthepak: I like REITs because they have a straight forward business model that I can understand and provide a steady stream of rental income by way of a regular dividend, easy to understand accounts and share price backed by real capital ie NAV in this case "bricks and mortar". The problem with "serviced offices" is that you have competition from the likes of: Regus, The Office Group, WeWork, Spaces, HQ and MWB who have been in this field for a long time. And what annoys me even more is that flexible serviced offices means short leases. I like long leases several years to decades. This is not going to do our average WAULT any good.
macthepak: I have had this share for a long time now, great dividend payer, but share price has steadily fallen over the past year. I really cannot understand the logic behind selling the German portfolio and buying London office space under the cloud of Brexit?! If selling the German portfolio was such a great deal they should have either used the money to pay off some of the debt or further diversified the portfolio to include residential, student properties, warehousing or primary healthcare properties. NOT bloody London Office space?!
keith95: ... you might have thought the shorts would have learned from their Intu burning of last week ... .... but this RDI fall looks to be down to morning star which has collapsed the fair value share price from 40p to 33p in a month or so. No idea why ... but I imagine the hedgies are using this number to trade from. GLA
macthepak: RDI is one of those unloved shares. I have held RDI for a number of years and have enjoyed the dividends and have averaged down as the price has fallen. I continue to enjoy the dividends each year, but it is a high risk play especially in this part of the economic cycle, Brexit uncertainty and a high LTV ratio of 50%. In some of my previous posts I have hoped they would use some of the money from property sales to lower the debt. The share price has risen and fallen but over 5 years it is only down 0.63% and in those 5 years I have enjoyed dividends worth 19p per share at an average share price of 37p. Current share price is 34.5p so have not done too bad considering the interest rates offered by savings accounts. Recent unexplained share price fall just after ex dividend date and just before Christmas, I would not worry. Opportunity to average down further and the shares should pick up forward yield of 7.7% its just too attractive especially if inflation picks up.
macthepak: Regarding the WAULT it depends on your investment objectives. If your looking for stability of income then a long WAULT is best for example Secure Income REIT plc has an average WAULT of 23 years yet at its current share price its yield is only 2.7% with an LTV of 53% BUT if your looking for income growth then shorter WAULT may work in your favour for example RDI has an average WAULT of 7.8 years, at current share price its forward yield is above 7% and with an LTV of 53.4% All about risk management. I had hoped they would use the money to bring the debt levels down.
poacher45: Cutting the dividend has caused the fall in the share price but still good value.
macthepak: As long as they can maintain a decent dividend which has not been too bad over the last 5 years. I am sticking with RDI for long term income even if it means a drift downwards in the share price in the near to medium term.
rooky4: " If the Placing proceeds, the Placing Price per UK Placing Share would be determined by the Directors and the Bookrunners, following their assessment of market conditions and discussions with a number of institutional investors during the course of the Bookbuild. In any event, in accordance with Listing Rule 9.5.10R, the Placing Price would not be at a discount of more than 10 per cent to the middle market price of the Ordinary Shares at the time of agreeing the Placing." etc etc So if I read this right, the placing will dilute us ordinary shareholders who will not be invited to participate, and the current lower share price will give an even lower placing price?
Rdi Reit share price data is direct from the London Stock Exchange
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