Rdi Reit P.l.c Share Discussion Threads

[macthepak] 10/9/2018 09:45

Dropping the price again this morning by nearly 1p for no reason other then MM's have a large order to fill and cause panic selling by current holders.

In after trading hours there will be a large buy order that has been filled.

[macthepak] 08/9/2018 11:10

There has been a lot of after hours selling and buying last couple of days.

MM's manipulating the share price again?

[macthepak] 05/9/2018 09:01

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.

[tiltonboy] 05/9/2018 08:36

Serviced offices could be a beneficiary given their flexibility.

[macthepak] 05/9/2018 08:32

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?!

[jswjsw] 06/6/2018 08:48

Agree Makin. xd tomorrow, so will drop 1.35p straight off. Debt up rather worryingly too. Then we have Brexit to contend with - can't see that being very positive to start with ... Almost bought these for yield, but it looks like capital will depreciate and ruin that. On sidelines for now.
j

[mister md] 30/5/2018 14:55

buybacks seem to be having the desired effect ?

[makinbuks] 09/5/2018 09:06

How does it make sense to buy back shares because you don't like the discount you are going to have to issue the scrip dividend at? Trying to be too clever. Keep it simple. This is an income stock. Pay a cash dividend from cash profits and let the market decide the discount. Debt level is a nagging doubt here so apply surplus cash to address issues you can do something about.

[salpara111] 29/4/2018 16:46

Yes, I have taken my first stake here.

[mister md] 25/4/2018 06:27

Decent set of results and continual reduction of retail properties

[salpara111] 25/3/2018 15:18

And down it goes.
Not sure what to make of it but would much rather miss the absolute bottom and buy when an uptrend is established.
It is clear that commercial property companies who are heavily focused on retail space are in for a hard time over the next few years but aside from that the property market is pretty solid.

[andyj] 20/3/2018 12:22

It does but I would really like to see it back above 34, at the moment it looks like it could continue the downtrend.

[salpara111] 18/3/2018 11:35

It just looks too cheap on either NAV or yield.
Very tempted but I guess I will wait until the results in 5 weeks.

[tyranosaurus] 22/2/2018 10:38

Obviously the tour of the London offices did not encourage the institutional investors to buy buy buy.
The downward trend looks like continuing.

[eeza] 21/2/2018 09:07

London offices tour today.

" Mike Watters, CEO of RDI commented:

"We are pleased to have the opportunity to introduce the OSIT management team and recently acquired serviced offices. These well-located London assets are underpinned by strong real estate fundamentals, whilst delivering attractive yields in excess of 6%.

"Since acquisition, trading performance has been positive and ahead of management's expectations reflecting the strong occupier demand for flexible, cost efficient office space. "

[andyj] 16/2/2018 01:15

Another retest of the 34 level. If that goes, I'm out of here!

[andyj] 30/1/2018 23:03

But the yield is irrelevant in a rapidly declining valuation.

[eastbourne1982] 30/1/2018 17:58

Back under 34p today as a result of a wider market sell off.

Look cheap with yield around 8%.

[bothdavis] 25/1/2018 10:33

Down some 23%, not sure the dividend or potential of the share is seen by the wider market or....is there something we don't know about its prospects?

[grollfam] 24/12/2017 11:11

?????? No comment cascudi

[macthepak] 18/12/2017 14:35

"StockMarketWire.com - RDI REIT said chairman Greg Clarke will step down during the course of 2018, with the exact timing of his departure determined by the identification of a successor.

The real estate investment trust also confirmed that Redefine Properties was no longer considered to be a controlling shareholder of the company due to its shareholding falling below 30%.

The relationship agreement between RDF and Redefine had ceased to operate and the dual election of independent non-executive directors at an upcoming annual general meeting would therefore no longer be required."

Its great to hear redefine properties shareholding has fallen before 30%, hopefully ending its significant influence on the companies actions.

[macthepak] 13/12/2017 20:04

One thing that does worry me its important to keep an eye on is RDI market valuation and our place in the FTSE 250.

We are very close to the bottom, every quarter bottom 3 drop out.

If we fall out expect a further fall in the share price as FTSE 250 and 350 tracker funds sell out.


Name Market Cap (m)
Electra Private Equity £359.67
Hansteen Holdings £537.66
Restaurant Group £578.47
Nostrum Oil & Gas £580.55
PayPoint £634.35
RDI Reit £645.65
P2P Global Investments £649.30
Go-Ahead Group £662.40
Scottish Inv Trust £671.40

[andyj] 13/12/2017 11:32

A thinly traded share is easy to manipulate and shares that fall to multi year lows fall under the radar of hedge funds, regardless of fundamental values. I bought in at 35p and the price action has been similar every day since. A sharp sell off, followed by a recovery later in the afternoon. Yet they are quickening after breaking through support and it doesn't look good. A 7% div is small compensation for a 10 to 20% capital loss.