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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
  2.00 1.49% 136.00 135.50 136.00 136.00 133.50 134.50 291,101 15:00:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -17.4 -8.7 - 312

Real Estate Credit Inves... Share Discussion Threads

Showing 1376 to 1398 of 1725 messages
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DateSubjectAuthorDiscuss
11/5/2018
12:55
VTA.L is 15% below NAV at the moment.
davebowler
08/5/2018
06:54
MRF - if you have such a substantial holding your preliminary research must have told you that RECI should be viewed as a Fixed Interest investment, though with a higher yield than conventional FI instruments. As for the discount/premium issue, I think you'll find we traded at a premium very recently - Jul'17 - Feb'18. I'm sure the 7%+ yield here ticks the box for most others on this thread: ======================================================================== Objective: The investment objective of the Company is to provide Ordinary Shareholders with exposure to a diversified portfolio of Real Estate Credit Investments. The Company invests in real estate credit secured by commercial or residential properties in Western Europe. The Real Estate Credit Investments may take different forms but are likely to be: (i) secured real estate loans, debentures or any other forms of debt instruments. Individual Secured Debt investments will have a weighted average life profile ranging from six months to 15 years. Investments in Secured Debt will also be directly or indirectly secured by one or more commercial or residential properties; (ii) listed debt securities and securitised tranches of real estate related debt securities; (iii) other direct or indirect opportunities, including equity participations in real estate.
skyship
07/5/2018
22:27
I've been reducing my holding to safe levels and ├žontinue to do so, hoping to be out 100% within the year. Cheers.
my retirement fund
07/5/2018
21:15
If it's such a dog why not move on to some stock you do like and leave us holders to enjoy the rather healthy dividend income ? You seem a tad sure of yourself MRF, bordering on arrogant, wllm
wllmherk
07/5/2018
19:25
Any assesment here , if you are a long term investor , must account for the prefs , the cell the income from those and therefore the total return , accounting for those a dog it has not been .
holts
07/5/2018
17:04
Hmm - yes remember IERE/IERP. Thankfully I held very few; and then only the prefs - so just a 1% hit. As you posted at the time: "It looked good at first. Tom Chandos from RECI on the board. Had allready been recapitalised. Had a decent NAV. All I can think is that when the portfolio was originally aquired all those years ago there was some kind of dodgy goings on and they overpaid and the company ended up with assets by at least 25% overvalued and perhaps more." Was Chandos associated with our investment managers Cheyne - or was he perhaps old management?
skyship
07/5/2018
14:36
In 4 years they've raised a shed load of money and yet this has gone no where. Deduct inflation from your stake and the dividends dont really eliminate the risk taken. One needs to remember the lot behind this also were responsible for that other dog your were so keen on Skyship. Remember the one that went bust leaving its preference holders with zippo. What was it ? Invista property or something ?If I may say so Skyship since your comstant EU rantings came to fruition and we voted to leave, you seem to have lost a few cells or is that just the natural aging process ?
my retirement fund
07/5/2018
12:46
By and large this has gradually transformed itself into a right dog...??? So often mis-read you...are you joking perhaps? So often your comments don't seem to sit well with your old persona before your divorce. Is it still you; or did someone less competent assume your moniker when you dropped out for a year or two? If it is still the real MRF, could you possibly account in sentient mode how/why you would classify RECI as a DOG!
skyship
06/5/2018
16:58
Queens walk yes that brings back some memories. By and large this has gradually transformed itself into a right dog. I doubt the transformation is fully finished yet either.
my retirement fund
06/5/2018
14:10
Happy to add from investment gains elsewhere when at a discount, and obviously to hold. One always needs to keep an eye on credit fundamentals to check for deterioration but no sign yet. Queens Walk was a bit too slow to eliminate its debt, did well trading distressed asset back securities, but had been caught out by the quality of its loan book. It did tender for shares which benefited those that responded to the offer and to holders and it did keep paying a dividend. Investors in turn completely over reacted once the worst was over, though easy to say in hindsight. I can't quite get a count of how much was written off rather than just temporarily written down, and I don't think it justifies the time to do so. The important thing to do is to act quickly when things start to go wrong no matter how skilful the company might be other investors will be too slow to react and will ultimately sell out at big discounts.
hpcg
04/5/2018
08:59
Liberum; Real Estate Credit Investments (Mkt Cap £224m) 0.7% NAV gain in April Event Real Estate Credit Investments generated a 0.7% NAV uplift in April to 164.7p per share (March 2018: 163.6p). YTD NAV total return for the four months to April is 2.7%. During April, RECI invested €12.6m in a new €155m senior loan originated by the manager to refinance the debt of LOV Hotel Collection, the luxury hotel branch of LOV Group. €4m has been invested in two bonds in a new CMBS and a further £3m was used to fund existing loan commitments. Further deals are expected in the near term with four deals close to completion. Cash on the balance sheet at the end of April was £13.3m (5.8% of NAV). The overall gearing level is equivalent to 22% of NAV or c.45% of the bond portfolio Liberum view Our forecasts imply NAV returns of 8.5% and 8.7%, respectively, over the next two years (March year-end). The manager continues to see lower competition in the lending market due to ongoing bank de-levering and rising capital requirements. RECI’s -2.2% discount compares to a 4.3% average premium for its closest peers. The company’s 7.5% dividend yield is also 1.5% higher than the peer group average. We believe the current share rating offers an attractive entry point given the fund's strong long-term track record and the improved investment opportunity set in recent years.
davebowler
04/5/2018
06:49
Another good performance last month: MONTHLY UPDATE: • NAV as at 30 April 2018 was £1.647, representing an increase of 1.1p per share over the month. • RECI invested €12.6m in a new €155m senior loan originated by the Investment Manager to refinance the debt of the LOV Hotel Collection (LHC). LHC is the luxury hotel branch of LOV Group which owns and manages prestigious hotels across some of France’s top regions. • RECI also invested €4m across two bonds in a new CMBS issue and funded a further c £3m under existing loans commitments. • The pipeline of opportunities developed by Cheyne across both the loan and structured credit markets remains strong with four deals due to close shortly. • Cash of £13.3m at month end, representing 5.8% of NAV.
skyship
30/4/2018
14:48
RECI did try to speak to ii to sort out , it took 5 days to sort out. but now can buy at ii.
jaws6
27/4/2018
14:39
ii will not let you buy this. BARC had same problem last week on kid confusion. but BARC sorted now. RECI did try to talk to iii but they not talking to them !! thank you Mifid.
jaws6
27/4/2018
14:30
hTTp://www.recreditinvest.com/PDFs/2018/04/QuarterlyUpdatePresentationMar2018.pdf
davebowler
20/4/2018
11:18
Your favourite stock:)Ps 42 to buy?
badtime
20/4/2018
08:09
Ahh Raven Russia. Yea good pint.
my retirement fund
20/4/2018
07:50
Bought 10 grands worth at 43.7521p this morning, probably worth a punt on the sudden drop. Sorry wrong board
nimrod22
06/4/2018
07:08
Another good monthly performance: MONTHLY UPDATE: • NAV as at 31 March 2018 was £1.636. After taking into account the 3.0p per share dividend paid in March, this represents an increase in NAV of 1.1p over the month. • This takes NAV total return in the past 12 months to 12.4p per share, representing an annual NAV total return of 7.6%. • RECI funded £5m under existing loans commitments in March, and invested £22m in two new bonds secured by a portfolio of office assets in the UK. • In March, RECI also entered into a commitment to fund its allocation of a €155m senior loan in France. This deal is likely to close during the course of April and be securitised into a CMBS bond. • To provide cash for this particular loan and the ongoing funding of RECI’s committed loans, a number of bonds were sold and their attached financings were redeemed. • RECI had a cash balance of £19.1m (representing 8.4% of NAV) at the month end, and had utilised 17.5% of its 40% NAV limit in leverage. • In March, Susie Farnon , a non- executive director of RECI, was appointed to the Board of the Association of Investment Companies, the industry's trade body, as a representative of the offshore funds sector.
skyship
29/3/2018
11:19
Yes but even RUSP hadn't done so well recently
badtime
29/3/2018
11:09
Certainly been a weak market recently; Kenny called this right it would seem. Still, I think the earnings are safe as they obviously had a good story to sell at the last placing @ 167p only 3 months ago: https://uk.advfn.com/stock-market/london/real-est-cred-RECI/share-news/Real-Estate-Credit-Investments-Ltd-Close-of-Issue/76308298 I expect the factsheet for March will confirm no problem. It is likely to have been a single fund selling down; and as they close out their position the share price will recover.
skyship
29/3/2018
10:58
Gone through support level, something afoot ,another rights issue or something else going on
nerja
20/3/2018
17:12
Bit of a knock at end of day
badtime
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