Rdi Reit P.l.c Share Discussion Threads

[eithin] 28/6/2017 18:12

Only received the 0.325p part of the 1.3p dividend on 26/6. Did not elect for additional shares. Anyone else in same boat??

[macthepak] 13/5/2017 14:22

On the surface the figures look ghastly but I am sure the accountants will be able to take advantage of the capital expenditure in there creative accountancy class 101.

The key paragraph in the statement is "Redefine International owns 10 adjoining retail units on Albion Street, which is a key artery in Derby's main retail centre linking the city's Intu shopping centre to Primark and the historic Old Town. The area is the subject of major redesign and refurbishment plans by Derby City Council, which will transform the area into a family-focused shopping destination."

Now that RDI have a "anchor tenant" this will reflect positively on the rents RDI can negotiate or renegotiate for the remaining units.

I would have liked a department store or supermarket as the anchor tenant but I am happy with TK Maxx, a value fashion retailer.

Fashion and, in particular, value fashion retailers are becoming stronger, but most often as a cluster of stores rather than one individual anchor tenant so with Primark up the road this is the start of a cluster with different brands operating alongside each other, they should drive a significant part of the footfall within Derby town centre.

[renew] 12/5/2017 21:26

Surely cant be correct. They are only paying 12 times what my tenant pays for a two bedroom flat!!! Is it 200K per month??

[cerrito] 12/5/2017 15:48

Not sure if I understand the maths of the Derby deal
Spending £2.2m to get a rent of £0.2k for 15 years and the fit out will take 18 months.
Heaven only knows if TK Maxx will be in existence at the end of 15 years and they will then have to spend more money on reconfiguring.

[macthepak] 26/4/2017 08:04

Interim reduction due to a large number of shares issued in relation to the AUK acqusition

[garycook] 26/4/2017 07:32

Reduced the Interim dividend by 20% ?

[macthepak] 24/4/2017 14:43

Disagree.

Property income distribution (PID) are normally paid after deduction of withholding tax at the basic rate of income tax (20%), which the REIT pays to HMRC on behalf of the shareholder. HOWEVER certain types of shareholder are tax exempt and receive gross PID dividends.

Examples of such classes are:

UK Companies
Charities
Local Authorities
UK Pension Schemes
Managers of PEPs, ISAs and Child Trust Funds

Forms for claiming exemption from withholding tax on PID dividend payments are provided by RDI from their web site.

I trade and hold my ISA via iWEB and I receive all payments from RDI gross without having filled out any forms.

[garycook] 23/4/2017 03:07

If you take out the 20% witholding tax then RDI only yields 6.84%,from 8.55% gross.But I have noticed also that Top yields also has RDI not including in there FTSE 350 list,but I have informed them.I would be a buyer of RDI if the witholding tax was removed.

[macthepak] 22/4/2017 21:56

Just reading a copy of this months Money Observer magazine.

Under the title five alternative options for 7% income it mentions the following shares with yields:

Carillon (9.3%), Int Personal Finance (7.6%), Barratt Developments (7.5%), Tayor Wimpey (7.4%), Brown (N) Group (7.1%), Aberdeen Assett Mangement (6.9%), BP (6.9%), Berkley Homes (6.8%), Royal Dutch Shell (6.7%) and Debenhams (6.7%)

Thats right Redefine International is missing from their list.

The figures are sourced from SharePad dated 02.03.2017

If you go by the latest figures dated 21.04.17:

Carillion (8.63%), Redefine International (8.55%), Pearson (8.27%), Royal Dutch Shell 'A' (7.38%), Royal Dutch Shell 'B' (7.15%), BP (7.08%), Aberdeen Asset Management (7.04%) etc

If you google top ftse 350 dividend payers you will find Redefine International is consistently missing from there lists.

Any thoughts on this? Conspiracy? Why is Redefine International not being promoted by the press?

[grollfam] 11/4/2017 13:46

happy for them to buy decent properties on a double digit cash on cash return

[macthepak] 11/4/2017 12:40

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.

[makinbuks] 07/4/2017 13:30

Looks like a decent acquisition announced today. Yield of 7.4% not available in the UK market. Good covenant but only 8.4 years WAL is not great

[sir andrew ffoulkes] 17/3/2017 16:32

Good to see us finish on the daily high.

[grollfam] 09/3/2017 09:44

Has gone up to 20% in recent SA BUDGET

[garycook] 09/3/2017 09:28

Regarding the Dividend,because RDI is dual listed UK/S.Africa.What is the percentage of Holding tax on the actual dividend received is it 15% or 25% ?

[poacher45] 02/3/2017 16:23

Cutting the dividend has caused the fall in the share price but still good value.

[bothdavis] 02/3/2017 16:05

Anyone know why the continued downward trend?!

[cerrito] 22/2/2017 10:31

I thought that the last update was pretty positive and perhaps actions/potential actions of large shareholders depressing price...topped up a few weeks back...seems too early.

[grollfam] 22/2/2017 10:20

cheap... good portfolio, but cutting distributions from 100% of earnings to 90-95% of earnings... S A shareholders like income , so maybe will go back to 100% once gearing down to 40% from asset sales ....

[racg] 22/2/2017 09:21

Maybe bad in actuality.

[racg] 13/2/2017 02:51

This good.

[racg] 07/2/2017 12:58

This any good?

[grollfam] 08/1/2017 08:48

CAN ANYBODY DIRECT ME TO THIS LINK ?

redefine international plc
As-it-happens update ⋅ 07 January 2017

WEB

Redefine International Takeover Rumours


ADVFN

RDI takeover rumours. Bulletin board gossip about Redefine International takeover. ... ADVFN PLC ... Redefine International Takeover Rumours (RDI).

[macthepak] 06/9/2016 07:30

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.