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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
  -0.50 -0.32% 156.00 156.00 157.00 156.00 156.00 156.00 33,649 08:47:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 37.2 16.2 9.6 358

Real Estate Credit Inves... Share Discussion Threads

Showing 1126 to 1149 of 1875 messages
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DateSubjectAuthorDiscuss
08/3/2016
13:43
Afternoon All Found a little bit of cash down the side of a sofa, added it to some rolled up dividends then invested in a few RECI today. Hoping it is a wise use of the hard earned, time will tell. Probably consider adding if it falls further with no negative news.
cwa1
04/3/2016
14:47
Yes good results I have lightened up a bit as I have been reducing property related exposure in the run up to the referendum..partially due to concern about the effect that a BREXIT will have on property , partially because I am not buying into the conventional wisdom that Brexit will lose and partially on the certainty that come May/June the markets will get very nervous.
cerrito
04/3/2016
10:08
Liberum; Real Estate Credit Investments (BUY) 0.7% NAV return in February Event RECI's portfolio generated a return of 0.7% in February after adjusting for dividend payments following strong income returns from the loan portfolio (12.4% weighted average yield on loan portfolio). The NAV uplift from loans was partly offset by a 0.73% mark-to-market loss on the bond portfolio which we believe is a result of ongoing credit market volatility (bonds account for c.23% of gross assets). Liberum view RECI's consistent monthly returns are what investors should expect from a real estate loan portfolio secured on high quality assets and where loans are held at cost. There has been a small amount of volatility on the bond portfolio in recent months but this has no implication for the credit quality of the bonds and it may lead to further investment opportunities in that market. We continue to believe RECI offers the best value in the real estate debt sector given the current 6% discount (vs. 0.3% average premium for the sector), 7.1% prospective dividend yield and a track record of sector-leading double digit returns.
davebowler
04/3/2016
08:47
Yes excellent to see the portfolio increase given the wider markets. Next year the should be able to redeem existing prefs and reissue another batch closer to 4% imo and increase the dividend further on the ords.
my retirement fund
04/3/2016
07:50
Good performance last month: http://www.recreditinvest.com/factsheets/20160229factsheet.html
skyship
02/3/2016
09:28
Bin addin ear, 8% Yield, below nav, prospect of long term capital growth, rude not to.
my retirement fund
25/2/2016
08:54
XD 2.7p today...
skyship
10/2/2016
14:36
DB - thnx for that. In spite of the horrendous markdowns in the debt market, RECI's more specialist property-centric NAV has been commendably static over the past 12months. Nevertheless in the changed Market conditions the share price has rightly returned to reality from the excessive premium last year. Herewith the NAV stats looking back over the past year: Jan'16 - 163.8p Dec'15 - 163.1p Nov'15 - 164.3p Oct'15 - 163.3p Sep'15 - 162.0p Aug'15 - 161.5p Jul'15 - 163.4p Jun'15 - 161.9p May'15 - 163.6p Apr'15 - 162.8p Mar'15 - 162.0p Feb'15 - 160.1p
skyship
10/2/2016
13:23
Liberum; Event RECI's NAV grew 0.5% in January 2015 to 163.8p per share predominantly due to the high interest income on the loan portfolio (12.4% weighted average yield). The NAV uplift from loans was partially offset by a 1.35% mark-to-market loss on the bond portfolio which we expect is due to recent volatility in credit markets. Bonds now account for only 23% of gross assets and are priced at an average c.20% discount to the nominal face value. In terms of portfolio activity, RECI received full prepayment on its £8.2m whole loan secured against the development of a student housing property in Bristol. Liberum view We believe RECI offers considerable value at the current 4.2% discount to NAV (6.9% dividend yield) particularly given the company's sector-leading NAV total return track record and ability to source attractive investments as loans are repaid.
davebowler
10/2/2016
11:43
Hi BT - bought a few today 156.7p. Now that they're trading at a discount and also providing a 6.9% yield, frankly they may well be considered by many to be better value than RECP - though I'll retain my overweight position there because of the security; and the 4.7% GRY of course.
skyship
10/2/2016
11:10
SKY u in the ords as well?
badtime
10/2/2016
10:46
Dividend Announcement Real Estate Credit Investments PCC Limited announces today that it declares an ordinary dividend for the Core for the period 1 October 2015 to 31 December 2015, of 2.7 pence per share (a total amount of GBP 1,966,099). The dividend is to be paid on 25 March 2016 to ordinary shareholders on the register at the close of business on 26 February 2016. The ex dividend date is 25 February 2016.
skyship
08/2/2016
21:22
In terms of portfolio activity, RECI received full prepayment on its £8.2m whole loan secured against the development of a student housing property in Bristol.
jaws6
06/2/2016
23:46
danny500..thanks for pointing that out to me....in my view discount in no way big enough to warrant buy backs
cerrito
06/2/2016
12:11
DB - could you possibly post the Liberum comment following the latest factsheet - assuming they did one of course!
skyship
05/2/2016
22:10
maybe they could spend some of that cash buying and cancelling shares or I guess its still more profitable to loan the cash out, thoughts anyone?
danny500
05/2/2016
21:28
Cerrito if you read the managers commentary at the top of the fact sheet it says a £8.2m loan from a Bristol development was repaid in full. yes good to see the NAV increasing and there was a couple of chunky buys today, yielding nearly 7% , someone sees a good investment here, which is reassuring for my holding.
danny500
05/2/2016
20:33
Congrats to them that in this turbulent market they increased their NAV to the 2nd highest on record-after November 2015 end. Indeed the market turbulence is best shown by the fact that for the first time for some time their shares are at a discount. Interesting to see that cash is at its highest since end of 2014 when they had finished investing the proceeds of the £50m November 2013 equity raise. Question did they sell assets in light of a falling market(indeed is their market falling??) or was it a result of loan/bond maturities. Be good if someone can give us the Liberum view.
cerrito
03/2/2016
14:25
Fact Sheet Announcement
skinny
22/1/2016
13:36
M&G raising more capital for RECI's sector: http://news.costar.co.uk//en/assets/news/2016/January/MG-Investments-returns-to-capital-raising-trail-after-22bn-2015-deployment/?utm_source=CoStar%20Daily%20News&utm_medium=email&utm_campaign=6692284_22%3A01%20-%20prospects&dm_i=UQT,3ZFSS,FIE0U5,EDV6E,1
skyship
07/1/2016
12:16
DB - Yes, but a totally different order of risk. I classify RECP as Zero risk; I classify GLIF's Zeros as relatively high risk.
skyship
07/1/2016
12:06
GLIZ pays 6%
davebowler
06/1/2016
10:45
Added a few RECP @ 104p yesterday. With Markets the way they are the 5.35% Gross Redemption Yield remains extremely generous against anything remotely similar. The few remaining Zeros are mostly yielding in the range of 3%-3.5%.
skyship
06/1/2016
10:04
Liberum; Event RECI's NAV per share including the dividend was 163.1p on 31 December 2015, a 0.7% decrease against the November NAV of 164.3p. At the same time, the Ex Div NAV was up by 1.5p. During the month of December, RECI received full repayment of the senior loan secured against a site in Stratford, London and funded a further £4.8m of its £11.6m commitment to a purchaser and developer of distribution assets in prime UK locations. The total loan commitments remained relatively flat with 18 loans in the portfolio representing approximately 75% of GAV. The December mark-to-market movement of the bond portfolio was 0.06%. There was very limited activity with 30 bonds in the portfolio, 2 less than November, after disposing £0.1m of bonds at an average selling price of 0.31, lower than the the average purchase price of 0.31. The bonds portfolio represents 25% of the total assets. Liberum view RECI maintained its performance during a low activity December and it is trading at 3.5% premium against the December NAV. Given RECI's significant return potential against its peers we believe the company should have a premium rating.
davebowler
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