Rdi Reit P.l.c Share Discussion Threads

[cerrito] 05/9/2016 23:24

I can understand why you have done this srichardson8; I sold down much of my holding just before and after the referendum and am staying with what I have till the annual results come out. The price until this announcement was pretty solid...helped by the 20% of pfolio in Germany.
As a holder since the days of Wichford this has not been a happy experience.

[srichardson8] 05/9/2016 11:21

Regrettably sold with an 18% loss. This is a backdoor way of the largest shareholder, a SA REIT, starting to unload its stake which it boosted only in February by supporting the 42p massively (certainly in the s-t) dilutive placement. I shan't study the details but there will thus be a large tap on the supply of shares coming from the major financer of the business. The tone of the release suggests to me the UK management, which also has a strong SA accent of course, are none too pleased though the boss of the SA outfit is also an independent shareholder and director. Glad to have it off the books but good luck to those who see the whole thing differently.

[macthepak] 05/9/2016 08:37

5 September 2016

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

Response to Redefine Properties Limited launch of exchangeable bond

Redefine International, the FTSE 250 income focused UK-REIT notes the announcement made by Redefine Properties Limited ("Redefine Properties") released at 7am (UK time) this morning in respect of the issuance of EUR 150 million secured bonds exchangeable into shares of Redefine International (the "Exchangeable Bond").

Redefine Properties is listed on the Johannesburg Stock Exchange and currently has a 30.07 per cent. interest in Redefine International. The Exchangeable Bond is being independently issued by Redefine Properties and Redefine International has not been involved in the issuance. The Exchangeable Bond has no impact on the capital structure, business plan or strategy for Redefine International.

The Redefine Properties Limited announcement is available on Bloomberg and will be available on their website at hxxp://www.redefine.co.za/ later today.

Further enquiries:

Redefine International Tel: [phone]

Michael Watters

Stephen Oakenfull

FTI Consulting Tel: [phone]

UK Public Relations Adviser

Dido Laurimore

Claire Turvey

Ellie Sweeney

FTI Consulting Tel: + 27 (0) 11 214 2402

SA Public Relations Adviser

Max Gebhardt

Trevor Jones

[eeza] 05/9/2016 08:29

See the RNS above for reason for drop in share price

SP now rising in response.

[gary1966] 05/9/2016 08:15

Only just added this to my watchlist a few days ago and so taken advantage of the unexplained big drop earlier. Hopefully nothing to come out of the woodwork to back up the initial drop.

GLA

[soi] 05/9/2016 07:36

No idea, trade volume very high but cannot find any news.
I`ve just added some at 40, might regret that if there is some bad news in the offing.
GL

[srichardson8] 05/9/2016 07:33

big seller in the mkt

[vulgaris] 05/9/2016 07:11

10% fall this AM, on no news. Anyone have an explanation?

[grollfam] 15/4/2016 09:53

do not think Dividend will be cut, but if so , only very marginally , but still good call as the portfolio acquired much better quality assets

[soi] 15/4/2016 09:37

Hi Possibly wrong but decided to buy a few at 46.
Yield 7 % at that, provided the divi does not cut.

[rooky4] 05/2/2016 10:41

" 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?

[red army] 13/1/2016 12:23

The recent NAV is 40P ish so what reason has it to go back up YET.

at 48p the premium is 20% therefore a bit lumpy.

[grollfam] 10/1/2016 15:51

I think the fall is temporary & will settle down & go back to 52-55p once the selling from SA institutions is out of the way. The main protection is the dividends per share, plus the better quality of portfolio...

[red army] 10/1/2016 11:01

If the price should fall further I will buy as NAV should be main factor for protection.

[cerrito] 10/1/2016 10:49

Thanks grollfam
Would not the rand price go up to reflect the rise of the pound against the rand?

Come to think about it, though, a couple of years back RDI was in the upper 50's when the rand was relatively strong

[grollfam] 10/1/2016 06:16

As Redefine is listed on the JSE & the rand weakens against the pound, there is heavy selling in SA which causes the sterling price to weaken on the currency cross

[cerrito] 09/1/2016 21:14

Not sure what has caused weakness here; thin markets at year end? clouds on the property market? perhaps jitters about any equity raise to fund tranche 2 of AUK purchase due on March 1?
To be honest rather indecisive if I want to take advantage of these lower prices to increase my exposure

[nibble] 28/10/2015 14:49

After today's prelims, IC says "Hold for the income".

[grollfam] 18/10/2015 18:11

Results out next week Wednesday , should be goid

[silver tortoise] 18/10/2015 17:54

Massive buys on Friday anyone have any idea why,not invested here yet but on my watch list.

[jaws6] 08/5/2015 10:02

RNs re divi

[johnroger] 24/4/2015 11:40

NOTICE OF RESULTS FOR THE SIX MONTHS ENDED 28 FEBRUARY 2015

Redefine International, the FTSE 250 income focused UK Real Estate Investment Trust ("UK-REIT"), will announce its results for the six months ended 28 February 2015 on Wednesday, 29 April, 2015.

There will be a presentation and a live webcast for analysts at 9.00am (UK time), 10.00am (SA time) on 29 April 2015, which can be accessed via the homepage of the Company's website: www.redefineinternational.com. A conference call dial-in facility will also be available.

[cerrito] 27/2/2015 13:58

Interesting that RDI do not seem bothered by UK Political risk but will be interesting to see the bookbuild price
Note that looking to expand in Germany and two companies I have shares in TRV and IERE have plenty to sell there.

[johnroger] 12/2/2015 16:02

Very strong over the past two months no doubt due to the positive AGM statement which hasn't been commented on.
Will it get back over 60p this time?

[grollfam] 06/12/2014 10:00

Billy5... Now a REIT