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
  +0.50p +0.29% 174.00p 173.00p 174.25p 174.00p 173.00p 173.00p 11,320 12:37:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 9.1 12.0 14.5 221.17

Real Est.Cred Share Discussion Threads

Showing 1326 to 1348 of 1350 messages
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older
DateSubjectAuthorDiscuss
07/11/2017
10:01
Thanks Sky
badtime
07/11/2017
07:36
Another good performance last month: Manager Commentary # NAV per share at 31 October of 164.3p, up 1.1p per share in October # During the month, the Company invested - £3.3 million in 3 different new mortgage secured bonds - £2.0 million towards funding its ongoing loan book commitments # The Company has a further £66 million of unfunded loan commitments as at 31 October 2017. Of this, it expects to fund £8 million before the year end # Following receipt of proceeds from the third placing under the Company’s placing programme, RECI has a strong cash balance of £37.6 million, representing 18% of NAV # RECI has several deals expected to close before the end of 2017. The current pipeline includes four loan deals with combined commitments for RECI of around £58 million (consisting of a number of senior loans with low LTVs  in the UK), and a number of listed bonds secured by core / core+ income across Europe
skyship
26/10/2017
13:45
Good to see the share price firming after the fund raising
badtime
26/10/2017
10:53
An interesting para lifted from that DTel article: "The fund manager gave the example of one £20m loan in April. It was for just 40pc of the property value, with the owner and other lenders ranking behind RECI in the event of default – but the return is expected to be 8pc a year. This kind of figure is normally associated with highly risky assets, not secured lending on London property when other parties have to lose 60pc of the asset’s value before any impact is felt."
skyship
26/10/2017
10:47
....and why not as the yield still 7% @ 171.5p (assuming 12p/annum dividend) @ 175p the yield = 6.86% @ 180p the yield = 6.67% Obviously one has to keep an eye on the premium; but I suspect we are headed to 180p.
skyship
26/10/2017
09:00
RECI tipped in today's Telegraph.
asmodeus
06/10/2017
08:33
Liberum; Significant improvement in capital structure Event NAV per share rose 0.7% in September to 163.2p per share (August: 162.2p). NAV total return in the six-month period since March 2017 is 3.7%. During the month, RECI redeemed all of its £41.9m of preference shares (8% coupon) which has been replaced with significantly lower cost debt. Debt has reduced to £34m and the weighted average cost is now 1.3%. As previously announced, the company raised £40.7m under its placing programme. Gearing as a percentage of NAV has reduced from 26% to 16%. The company agreed a new £8.4m senior loan commitment secured against an office development asset in London's Tech City district. The LTV on the loan is 63%. £5.5m of bonds were acquired in the month including £3.7m secured by the assets of an established UK mid-market housebuilder and £1.8m secured against the UK's largest operator of holiday villages. Cash as a percentage of NAV at 30 September was 20% and the manager reports a strong pipeline with a number of deals due to close in the coming months. Liberum view The capital raise and preference share repayment leaves the company well-placed to deliver an uplift on NAV returns achieved in recent years. The preference share repayment will result in significant interest cost savings and a reduced TER due to lower management fees. In addition, risk/reward dynamics have improved considerably in certain segments of the UK real estate lending markets and the company has been very active in 2017 in order to take advantage of these opportunities. RECI currently trades on a 3.6% premium to NAV (5.6% average for peer group) and the latest quarterly dividend implies a 7.1% dividend yield compared to an average 6.3% dividend yield for the peer group.
davebowler
06/10/2017
07:50
Another good month: =================== http://www.recreditinvest.com/factsheets/201700930factsheet.html Manager Commentary NAV per share at 30 September of 163.2p, up 1.0p per share in September. This brings the total NAV return since 31 March 2017 to 6.0p per share # On 18 September RECI announced it had redeemed all of its £41.9 million Preference Shares, which had been accruing at a cost of 8% # RECI has replaced some of this leverage at a significantly lower cost of borrowing. At 30 September the outstanding debt has reduced to £34 million, and has a weighted average cost of just 1.3%. This, combined with the lower management fee, will immediately improve the risk adjusted returns from the more liquid assets in the investment portfolio and the overall yield of the Company # On 27 September RECI announced the successful closing of a third placing under its placing programme raising gross proceeds of a further £40.7m for the  Company # In September RECI signed a new £8.4 million senior loan commitment secured against a new office development asset in London’s ‘Tech City’ district. The LTV of the loan is 63% and it carries a coupon that is in line with the Company’s target gross return # RECI purchased £3.7 million of a listed bond collateralised by the assets and business of an established UK mid-market housebuilder. RECI also purchased £1.8 million of bonds secured against the UK’s largest operator of holiday villages # Following receipt of the third placing proceeds, RECI has a healthy cash balance of £41.7 million (representing 20% of the increased NAV) # The continued pipeline of opportunities developed by Cheyne across both the loan and structured credit markets remains strong with a number of deals due to close in the coming months
skyship
27/9/2017
11:24
Way the share price is going you will be able to buy more at 166
badtime
27/9/2017
08:28
I got what I asked for.
langland
27/9/2017
07:56
YouInvest got me a small top-up in the placing @ 166p
skyship
26/9/2017
07:49
RECI are equally culpable tho. They could have easily made it an open offer.
my retirement fund
20/9/2017
20:22
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
13:59
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
11:23
I have applied to Youinvest for a top-up in my SIPP....unlikely, but worth a try...
skyship
20/9/2017
10:16
thanks for replies , I have tried selftrade but awaiting an answer .
holts
20/9/2017
09:48
I've approached HL., but it seems beyond their 'scope' to deal with!
skinny
20/9/2017
09:22
I have applied for some. That was early yesterday. Not heard anything yet.
langland
20/9/2017
08:52
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
21:32
Managed 171 just b4 it went exdiv of 3p
badtime
19/9/2017
21:20
Also managed to buy some more under 170p with a limit order.
alter ego
19/9/2017
19:53
nerja - excellent trade - well done you...
skyship
19/9/2017
17:49
Thanks sky, that 7% you mentioned made me go, lucky to get a cheeky 10k at 169.74p last thing cheers
nerja
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older
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