Share Name Share Symbol Market Type Share ISIN Share Description
Real Est.Cred LSE:RECI London Ordinary Share GB00B0HW5366 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.15% 169.75p 168.25p 170.25p 170.50p 168.00p 170.00p 40,139 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 9.1 12.0 14.1 123.61

Real Est.Cred Share Discussion Threads

Showing 1301 to 1325 of 1325 messages
Chat Pages: 53  52  51  50  49  48  47  46  45  44  43  42  Older
DateSubjectAuthorDiscuss
20/9/2017
21:22
What a load of rubbish , you can buy in the market at a higher price but you cant buy them cheaper because its a placing , the fools who dream up these rules never consider the variety of scenarios that may arise . I suspect selftrade will come up with the same drivel .
holts
20/9/2017
14:59
Hl have now replied in writing :- "As this is a placing we are unable to participate in a retail capacity. However, if you are a Qualifying Professional Investor we will be able to submit an instruction on your behalf. If you believe you are a Qualifying Professional Investor, please respond to this message and I will arrange to send a questionnaire to you which will need to be completed and returned before we accept an instruction form you. Please note that a £100 placing commission will apply to the transaction."
skinny
20/9/2017
12:23
I have applied to Youinvest for a top-up in my SIPP....unlikely, but worth a try...
skyship
20/9/2017
11:16
thanks for replies , I have tried selftrade but awaiting an answer .
holts
20/9/2017
10:48
I've approached HL., but it seems beyond their 'scope' to deal with!
skinny
20/9/2017
10:22
I have applied for some. That was early yesterday. Not heard anything yet.
langland
20/9/2017
09:52
has anyone approached their own broker asking them to apply to liberium for stock in placing ? If so what sort of response did you get ?
holts
19/9/2017
22:32
Managed 171 just b4 it went exdiv of 3p
badtime
19/9/2017
22:20
Also managed to buy some more under 170p with a limit order.
alter ego
19/9/2017
20:53
nerja - excellent trade - well done you...
skyship
19/9/2017
18:49
Thanks sky, that 7% you mentioned made me go, lucky to get a cheeky 10k at 169.74p last thing cheers
nerja
19/9/2017
17:54
Kenny - bang on - good post - that 12p divi looks to be a given so for 7% I really should add when 170p hits the crosswires...
skyship
19/9/2017
12:40
I guess you're right Kenny, I've been picking up bits and pieces at 170 this morning but it's hard work. 7% yield is not to be sniffed at these days.
spittingbarrel
19/9/2017
12:24
I guess an explanation may be that fund managers are finding it hard to find secure high yield, or even secure low yield, in a lower-for-longer interest rate world. There is a lot of commentary to the effect that interest rates are going to stay low - under 2.5% - for decades. If you are sitting on a capital gain, it might be foolish to take a capital gain and then be locked out of that high yield investment for what might be the next 10 or 15 years. After all, there are hardly a lot of opportunities to invest elsewhere "cheaply" in something fairly low risk for a similar yield. Personally, I am holding very tight to my high yield portfolio and am not tempted to take any gains. What looks like a lovely capital gain, is likely to be more than outweighed by a painful loss of income over the following years.
kenny
19/9/2017
11:38
The price seems to be holding up remarkably well considering the placing price is 166p.
spittingbarrel
19/9/2017
09:00
someone was "in the know"
deadly
19/9/2017
08:58
Here's the link :- Proposed Placing of New Ordinary Shares Real Estate Credit Investments Limited ("RECI" or the "Company") today announces that it intends to raise minimum gross proceeds of £20 million by way of a proposed placing of New Ordinary Shares in the Company with new and existing investors (the "Placing"). The New Ordinary Shares will be issued pursuant to the Company's existing general authority to issue shares on a non pre-emptive basis and pursuant to the placing programme of up to 65 million New Ordinary Shares (the "Placing Programme") detailed in the Prospectus. To date 29.8 million ordinary shares have been issued under the Placing Programme, leaving 35.2 million ordinary shares remaining to be issued. The Board, as advised by the Investment Manager, continues to believe that there are improved origination volumes, lower risk profiles and enhanced economics for investment opportunities in the UK and German real estate credit markets (and potentially other Western European real estate markets) and that the Company has an attractive pipeline of investment opportunities. In light of the above, the Board believes the launching of the Placing is in the best interests of the Company and its Shareholders as a whole. On 16 September 2017 the Company redeemed all of its preference shares in issue and payment of redemption proceeds of £1.017 per preference share held was made to preference shareholders on 18 September 2017. Accordingly, the Board also believes that launching the Placing will give preference shareholders an opportunity to reinvest their redemption proceeds and continue their investment in the Company. The price at which each New Ordinary Share will be issued pursuant to the Placing will be 166 pence (the "Placing Price"). All New Ordinary Shares will, when issued and fully paid, include the right to receive all dividends or other distributions made, paid or declared, if any, by reference to a record date after the date of their issue save that the New Ordinary Shares issued under the Placing will not be entitled to the first interim dividend of 3.0 pence per Existing Ordinary Share declared by the Company on 10 August 2017 and payable to Ordinary Shareholders on 22 September 2017. The net proceeds of the Placing will be used to invest primarily in debt secured by commercial or residential properties in the United Kingdom and Western Europe which might take the form of (i) securitised tranches of secured real estate related debt securities, for example, RMBS and CMBS and (ii) secured real estate loans, debentures or any other form of debt instrument. Liberum Capital Limited ("Liberum") has been appointed as Sole Bookrunner to procure placees to participate in the Placing. The Placing has opened today and existing and prospective investors are invited to contact Liberum for further details of the Placing. The Placing is expected to close on 26 September 2017. The Company and Liberum reserve the right to amend the size and timing of the Placing in their absolute discretion. The terms and conditions of the Placing are included in the Prospectus which is available for inspection at the Company's registered office and via the National Storage Mechanism at www.morningstar.co.uk/uk/nsm.
skinny
19/9/2017
07:36
Dont miss a trick these boys .
holts
18/9/2017
17:31
Well done to those who took advantage & topped-up @ 169.25p this morning; they got themselves a full 7% yield.
skyship
15/9/2017
17:44
deadly - "dumped"? - uncrossing trade ... don't draw too many conclusions.
jonwig
15/9/2017
17:39
140k dumped at 164p after the close. Interesting to see what happens Monday.
deadly
07/9/2017
16:31
Topped up last week just b4 exdiv..
badtime
07/9/2017
07:39
Fact sheet shows a good performance in August. NAV up 1.2p to 162.2p: http://www.recreditinvest.com/factsheets/20170831factsheet.html ============================================================= Portfolio Commentary: • NAV as at 31 August was £1.622, this is an increase of 1.2p over the month from the July ex-div NAV • This brings total NAV return since 31 March to 5.0p, representing an annualised return of 7.4% • Since the launch of the placing programme in February, RECI has signed total new loan commitments of approximately £70m: o In April, RECI participated in a new senior loan with a commitment of £20 million secured against a high quality residential development asset in central London. The Loan to Cost (LTC) is below 50%. The expected IRR is 8.5% o In June, RECI made a new profit-sharing mezzanine loan commitment of £15 million to an established UK homebuilder. The loan has the benefit of upside profit sharing. The initial maximum LTC is c85% (reducing to no more than 70% after three years) and the anticipated return range is between 11.5% and 20.0% o In August, RECI committed £35m to a senior loan secured on a new mixed use residential and commercial development in Hackney, London, with an anticipated return of +10%. The LTC is 55%. • Additionally, since 31 March, a total of £46m has been invested in bonds including: o A total of £19 million invested since June across two bonds with a high level of security against the UK’s largest operator of holiday villages; and o €8.5 million of a new listed mezzanine bond secured against prime retail locations in France
skyship
10/8/2017
07:15
Encouraging - looks as though 3p will be the new quarterly norm. 12p/annum gives RECI a yield of 7.06% @ 170p. Do I hear 180p (6.67%)? ====================================================== Dividend Announcement - Ordinary Interim Dividend for RECI LN (Ordinary Shares): Real Estate Credit Investments Limited announces today that it has declared a first interim dividend of 3.0 pence per Ordinary Share (a total amount of GBP 3,078,226). The dividend is to be paid on 22 September 2017 to Ordinary Shareholders on the register at the close of business on 1 September 2017. The ex dividend date is 31 August 2017
skyship
04/8/2017
09:40
Liberum; Real Estate Credit Investments's NAV rose 0.4p (0.24%) in July to 164.0p per share. We calculate a total return of 2.3% in the period since 31 March 2017. New investments in the month included €8.5m in a new issue listed bond secured against prime retail locations in France and a further £8m across four other bonds. The company received full repayments of £3.3m relating to a loan secured on a portfolio of West End office assets and €9.6m relating to a mezzanine loan backed by a German residential development company. In addition, a full repayment of £6.7m was received on a bond secured against a government housing portfolio in the UK. RECI completed a £23.5m capital raise in July and the cash balance at the end of the month was £27.7m (16.5% of NAV). The manager continues to report a strong deal pipeline and expects to deploy capital in the coming weeks. Liberum view RECI’s 3.8% premium compares to a 4.9% average premium for the real estate debt fund peer group. The company’s 6.5% dividend yield (based on 11.1p dividend for FY2017) is also 0.5% higher than the peer group average and there is potential for a near-term uplift in the dividend as a result of the upcoming maturity of the 8% preference shares which will enable a significant cost reduction. Assuming the preference shares are refinanced with a 3% bank facility, the estimated uplift in EPS would be c.2.4p per share on an annualised basis.
davebowler
Chat Pages: 53  52  51  50  49  48  47  46  45  44  43  42  Older
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P:33 V: D:20170923 02:19:23