Rdi Reit P.l.c Share Discussion Threads

[red army] 25/1/2014 16:10

Great time to add IMHO.

[pompey magnus] 19/1/2014 11:08

Hope you don't mind me posting. Good article in Shares Mag over weekend.

[gscrawler] 03/1/2014 00:48

Great run and that is because of secure reliable and generous dividends this co has paid over the years and will continue to pay in the future. I am however sold out for now and waiting for a dip below 50p before getting back in. 60p is proving very difficult to crack! Wish best of luck to all!

[red army] 30/12/2013 16:13

A very positive turnaround in the price.

[gscrawler] 06/12/2013 10:44

REIT status confirmed yet low volumes still.

[gscrawler] 31/10/2013 08:47

The company generates cash pays a good dividend and exposure to different geographical markets makes them a lower risk co.
Well positioned for uk economy recovery.

[cerrito] 30/10/2013 21:17

I agree Petejan about poremium...sp 49p NAV 38.66...anyone know of a higher premium.Pleased to see in tonight's Evening Standard that Peel Hunt rates them a buy post results although their target is just 51p
Need to listen to the webcast..even for those like me who have been round since WICH days not the easiest company to understand

[pejaten] 30/10/2013 00:23

Big premium to net assets though

[gscrawler] 29/10/2013 07:38

Strong set of FY results from RDI could see us breaking the 50p resistance today .

[grollfam] 20/10/2013 11:58

18 October 2013

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

REDEFINE INTERNATIONAL TO LIST ON THE JSE

Further to the announcement on 19 September 2013, Redefine International is pleased to confirm that at the general meeting of Redefine Properties International Limited ("RIN") held today, unitholders voted to approve the unbundling by RIN of its sole asset, being a 61.8% holding in Redefine International following the inward listing of Redefine International on the Johannesburg Stock Exchange (the "JSE")and to approve the proposed subsequent de-listing of RIN from the JSE and the winding up of RIN.

Accordingly, Redefine International will be listed on the "Real Estate - Real Estate Holdings and Development" sector of the Main Board of the JSE, under JSE share code RPL and abbreviated name "RI PLC", from the commencement of trade on 28 October 2013.

The Company will hold a primary listing on the LSE and a secondary listing on the JSE.

[red army] 18/10/2013 18:23

grollfam

Thanks for letting me know.
Maybe liquidity will improve?

[grollfam] 18/10/2013 06:21

Red Army

not sure how long you have been involved in this one....

South Africans, like me, already account for approx. 70% of the company held on SA register

[red army] 17/10/2013 11:58

Looking good now with 100p eventual target.
Prospects of S/Africa exposure should gain some interest.

[rooky4] 16/9/2013 18:56

CLI are buying the rump Wichford properties. This is the third company (RDI being in the middle) I've seen singing the praises of the government-let portfolio. (According to Costar, Wichford paid £270M in 2005 and CLI are paying £120M.)

[grollfam] 04/9/2013 15:22

big volumes today 13M shares

[hieronymous1] 17/8/2013 21:55

Given returning liquidity in the certain sectors of the real estate lending markets, some may have predicted that the run of loan sales would be slowing? Henderson Global Investors' Colin Throssell explains why the opposite is happening

hxxp://costarfinance.com/2013/08/16/guest-column-opportunity-amid-gathering-pace-of-loan-sales/

[grollfam] 14/8/2013 08:51

great deal....

[cerrito] 27/7/2013 10:26

The July 18 IMS looks good. Occupancy rates at a very high 97.6%; note their up beat comments on the SARB approval, the significance of which I had not spotted.
Given AUS$ exchange rate have done well to sell down Cromwell, though as they note they did have a AUS$ loan for about 13% of the value
The terms of the Zeta restructuring remind us that Lloyds doing very well get such a healthy margin on a loan which such a low LTV.

[grollfam] 21/5/2013 21:06

yup, price on SA market is 45-46p .......

[pejaten] 21/5/2013 20:46

Some chunky buys today.

[cerrito] 07/5/2013 16:29

Been going through the interims; as an ex WICH holder my track record of investing here is bad but FWIW feeling comfortable with the current share price and this morning was thinking of adding but not after today's increase.
Financial Statements are not all that easy to get a good grip of and the way they treat the non recourse loan facilities of Gamma and Delta take some working out.
Perhaps today's increase not onlyu reflects good market but people need time to digest this.
For me good news that will convert into a REIT; that they are looking to diversify their shareholder base and reduce the current rather unhealthy 65% Redefine International shareownership to something like 35%-though there may be some price fluctuations on the way;good that they liquidated last month at a good price some of the Cromwell shareholding;good that as they say their balance sheet is in good shape with a LTV of 51%( and if you exclude the non recourse Delta facility the LTV reduces to 43.6%), average interest rate of 4.25% and weighted average debt maturity of 8.18 years;good to see that in six months to Feb 13 earnings available for distribution increased from £12.9m to £14.4m though obviously with increase in number of shares there was a reduction in the dividend.

A big complication is the big difference between the EPRA NAV of 28.36p and the adjusted NAV of 40.29p; I am comfortable with the adjustments the Board has made to get to the 40.29p figure.
Note 3.1 interesting as it shows the importance of the UK Stable portfolio with more than half of the Group's rental income and in the 6 months to Feb 13 produced £13.7m of the total £15.7m of the net fair investment losses
They should be popular with the estate agents having purchased £29m and sold £6m of assets with more purchases/sales in the pipeline in the 6 month period and of course have the £52m from the Cromwell disposal to invest.

[grollfam] 07/5/2013 14:26

Management are here in South Africa doing road shows with institutions & shareholders....The company has a secondary listing in SA & property stocks are running very hard here due to our long bonds reaching record lows....

They have hinted in their results that there are a few acquisitions pending & would not have sold down Cromwell unless they could deploy the cash into higher growth assets

Once the restructuring happens the free float will increase by 65% which will lead to much increased volumes due to the liquidity...

[grollfam] 07/5/2013 08:18

nice breakout on good results ......If cash deployed into good assets , rerating is on the cards...

[grollfam] 29/4/2013 10:35

yes, should re-rate in the next 12 months to a 7-7,5% yield on 3.2p Dividend for year Aug 13.. = 42p-45p share price