[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Real Estate Credit Investments Limited 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
  -2.50 -1.62% 151.50 152.50 153.00 154.00 153.00 153.00 228,881 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 37.2 16.2 9.4 347

Real Estate Credit Inves... Share Discussion Threads

Showing 1051 to 1073 of 1900 messages
Chat Pages: Latest  52  51  50  49  48  47  46  45  44  43  42  41  Older
DateSubjectAuthorDiscuss
04/2/2015
14:09
It is worth reading an article published yesterday on Investors Chronicle which I think explains very well why interest rates are likely to stay subdued for quite a few more years. It is called "The stagnation threat" by Chris Dillow. Don't need to be a subscriber but may need to register: http://www.investorschronicle.co.uk/2015/02/03/comment/chris-dillow/the-stagnation-threat-KUbqG0cMkFDAUzLLrwD9PL/article.html
kenny
04/2/2015
07:37
good read from RNS today- NAV increased from 1.575 to 1.624 driven by gains in both the loan and bond portfolio The bond portfolio saw 5.56% gains during the month. Significantly, a MTM increase in the value of the controlling interest in the CMBS bonds owned in EURO 27X E issue (City Point Tower) which were a strategic purchase. These had been marked at 10p/£1, and have been marked up to 70p/£1 as a result of Brookfields recent cash purchase of a subordinated B Note, thus pointing to a par recovery for this Bond in time
jaws6
04/2/2015
07:03
Fact sheet 31 January 2015
skinny
03/2/2015
17:46
Agree with you on that Kenny
owenski
03/2/2015
15:33
I am guessing that RECI is attractive as people realise that interest rates are going to be low for a long, long time to come.
kenny
03/2/2015
14:49
A new high @171p.
skinny
28/1/2015
09:48
Glad I bought more on the recent weakness at 160. These look a strong bet for 2015 given the recent reviews above.
deadly
27/1/2015
16:49
Good recent strength
badtime
09/1/2015
10:39
Liberum; RECI completed two loan deals in December with total investment of £17.3m. A £7.8m subordinated loan was provided to assist a developer and operator of premium retirement villages in London and the South-East. A £9.5m mezzanine loan secured on two estates of retail, office and residential assets in located in Bayswater and Waterloo in London was also funded in December. The loan investments were partly funded by bond sales of £4.4m at an average price of 0.87 (vs. an average acquisition price of 0.72). Liberum view The loan portfolio provides an attractive weighted average return of 13.5% given the weighted average LTV of 66.8%. The actual LTV ratio is likely to be lower as some of the underlying properties have not been revalued following successful asset management initiatives. Drawn loan balances now account for 58.5% of GAV and this should increase to c71% with one loan of c.7m in the pipeline and once remaining undrawn commitments are utilised. Following a broadly flat return in the month, RECI's NAV total return for 2014 was 10.8% which is comfortably ahead of real estate debt peers. Despite this, RECI trades on a 2.5% premium to NAV in comparison to an average of 6.3% for the peer group. We believe the company is well positioned to deliver strong NAV returns going forward given the return profile on the existing portfolio and the manager's ability to source accretive transactions.
davebowler
09/1/2015
07:11
Fact sheet 31 December 2014
skinny
17/12/2014
09:56
It would have been kinder to offer to allow all borrowers to discharge their loans at a 50% discount!
davebowler
17/12/2014
09:53
IIRC, it was of course the Treasury which forced RBS to dispose quicker these impaired assets , and it forced out Mr Hester, who wanted to hold on longer.
zastas
16/12/2014
17:08
RBS handing out Christmas presents then?
redartbmud
16/12/2014
12:00
I just checked with RBS and the figure of 23p in the £ is indeed correct for how much Cerberus has paid for the mortgage book!And it has been agreed that Cerberus can hold some of the consideration back too!
davebowler
16/12/2014
10:31
Interesting news from RBS showing how big a haircut the Banks will take to offload poor Mortgage assets; Royal Bank of Scotland Group PLC 16 December 2014 16 December 2014 Sale of a portfolio of Irish real estate loans The Royal Bank of Scotland Group plc (RBS) announces today the agreement to sell a portfolio of Irish real estate loans to an entity controlled by Cerberus. At completion, RBS will receive cash consideration of up to GBP1.1 billion* at current exchange rates. Completion is expected in the first quarter of 2015. The sale proceeds will be used for general corporatepurposes. The transaction, which represents RWA equivalent of cGBP1.2 billion as at 30 September 2014, is part of the continued reduction of assets in its RBS Capital Resolution division and is in line with the bank's plan to strengthen its capital position and reduce higher risk exposures. The carrying value of the loans is cGBP1 billion, the gross assets are cGBP4.8 billion and generated a loss of GBP0.8 billion, principally impairment provisions, in the year to 31 December 2013. - END - For further information: Investors Media Richard O'Connor RBS Press Office Head of Investor Relations +44 (0) 131 523 4205 +44 (0) 207 672 1758 Ulster Bank Media Relations +353 (0) 1 884 7032 * The parties have agreed a list of matters requiring remediation that affect certain of the loans sold. This list will be finalised prior to completion. A portion of the consideration equal to 30% of the value of any loans so identified will be deferred pending and subject to remediation of these matters within a period of six months following completion. This information is provided by RNS The company news service from the London Stock Exchange END
davebowler
11/12/2014
16:49
hxxp://www.recreditinvest.com/factsheets/20141130factsheet.html
davebowler
11/12/2014
09:21
Ex-dividend today - hence the slight drop.
grahamburn
11/12/2014
09:10
Jittery markets spooked by the Chairman selling 250k shares?
santar
10/12/2014
13:24
Bit surprised these are weakening pre div
badtime
08/12/2014
13:47
Bit concerned to see this RNS from Friday : The Company was advised on Friday, 5 December 2014 that Mr. Thomas Chandos, Chairman of Real Estate Credit Investments PCC Limited, sold 100,000Ordinary shares at a price of 164p per share on 2 December 2014, 50,000 Ordinary shares at a price of 163.5p per share on 3 December 2014 and 100,000 Ordinary shares at a price of 163p per share on 5 December 2014 (amounting to a total disposal in market transactions of 250,000 Ordinary shares at an average price of 163.5p per share), in each case through his pension fund. Mr. Chandos' interest in the Company is now therefore 30,000 Ordinary shares and 150,000 Preference shares and 2,430 European Residual Income Investments Cell ("ERII Cell") shares, in aggregate representing 0.04% of the issued Ordinary shares, 0.36% of the issued Preference shares and 0.06% of the issued ERII Cell shares. The 30/11/14 Factsheet looks OK - any insight or thoughts?
garbetklb
08/12/2014
12:10
Liberum; RECI's NAV per share rose 0.8% in Nov-14 to 160.4p per share (Oct-14: 159.1p). NAV performance was driven by the high-yielding loan portfolio with a smaller contribution from the bond portfolio (+0.3% mark-to-market in the period). A new €9.3m loan was funded to assist a borrower in acquiring heavily discounted mortgage loans secured by three French leisure real estate assets. A German multifamily loan, which converted into shares in Deutsche Annington in May-14, was repaid in full in the month through the sale of shares in the open market (the investment generated an overall return in excess of 25%). In the bond portfolio, £2.4m of bonds were sold at an average price of 0.85 (13% above acquisition price). Liberum view The recent changes in the loan portfolio have led to an increase in the weighted average yield to 13.8% (from 13.1% at Oct-14) and an improvement in the LTV ratio to 68.6% (from 71.8% at Oct-14). The actual LTV ratio is likely to be lower as some of the underlying properties have not been revalued following successful asset management initiatives. The drawn loan balance as a percentage of GAV is now 45.6% and would rise to 56% assuming full drawdown of remaining loan commitments. We expect December to be another active month in the loan portfolio with two new loan investments likely to close in the short term with £17.3m of anticipated drawdowns. A further £7.5m loan is due to complete in Jan-15. Assuming the £24.8m of new deals in negotiations complete, loans would account for 72% of GAV. RECI trades on a 1.6% premium to NAV and in our view, offers the best relative value in the asset-backed sector (peers trade on an average 7% premium to NAV) given the company's excellent track record, ability to access dealflow and NAV growth prospects.
davebowler
08/12/2014
07:04
Fact sheet 30 November 2014
skinny
28/11/2014
07:08
Half Year Results RECI1 records half year net profit of £7.5 million · Net profits of £7.5 million include £4.3 million of fair value gains on the investment portfolio. · Increase in NAV per share of 3.2% over the half year, to £1.590 as at 30 September 2014 · The Company's commercial and residential funded loan portfolio grew to £70.0 million (£92.6 million committed) as at 30 September 2014, which is a 37% increase from the £51.0 million funded loan portfolio held at 31 March 2014, reflecting the more attractive opportunity set RECI is seeing in the loan markets · Suitable loans originated by Cheyne Capital continue to feed the investment pipeline; RECI has committed to make a further loan post half year end · The directors of RECI intend to declare a dividend of 2.7p per share in respect of RECI Ordinary Shares for the quarter ended 30 September 2014 Dividend Declaration - Ordinary Dividend Preference Dividend Declaration - Replacement
skinny
Chat Pages: Latest  52  51  50  49  48  47  46  45  44  43  42  41  Older
ADVFN Advertorial
Your Recent History
LSE
RECI
Real Estat..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211025 02:18:52