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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 -0.33% 152.00 152.00 153.00 154.00 152.00 154.00 129,471 16:26:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 37.2 16.2 9.4 349

Real Estate Credit Inves... Share Discussion Threads

Showing 1376 to 1398 of 1825 messages
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DateSubjectAuthorDiscuss
22/5/2018
11:29
Kenny - I am definitely with you on interest rate expectations. Your reasoning very much in line with my own.
hpcg
22/5/2018
10:19
Despite my view of a few months ago, I have bought some RECI again. My problem is that cash is earning nothing and my opinion is that interest rates will stay very low, an average of well under 3.5%, for the next decade. I started buying yesterday and today’s book-building issue of new shares has enabled me, luckily, to complete an investment of all the cash I wished to invest at an average cost of a small fraction above NAV. I can see that the use of gearing will enable RECI to cover its annual dividends albeit I do not think there will be much excess. However, my aim with RECI is not capital gains but the income yield - of 7.2% - which my analysis suggests is secure albeit not likely to increase. The combination of yield and asset backing is also attractive compared to other high yields.
kenny
22/5/2018
10:06
Liberum; Real Estate Credit Investments (Mkt Cap £234m) Proposed capital raise* Event Real Estate Credit Investments is proposing to raise up to c.£14.5m (8.7m shares). The issue price will be the April 2018 NAV plus an amount to cover the costs of the equity issue. NAV per share at 30 April was 164.7p. Admission of the new share is expected on 5 June 2018. The stock currently trades on a 1.1% premium to NAV (7.2% dividend yield). *Liberum is acting as sole bookrunner in relation to the share issue
davebowler
22/5/2018
09:52
Nevermind Sky at least your favourite poster is clear :)
badtime
22/5/2018
09:48
Second chance Skyship .....164.6 now
cousin jack
22/5/2018
08:49
Very annoying that the ADVFN news service was down this morning - would have taken the available 165.5p for a few! 22 May 2018 Real Estate Credit Investments Limited - Proposed Issue of New Ordinary Shares Real Estate Credit Investments Limited (the "Company") is pleased to announce that it intends to issue up to 8,696,265 new ordinary shares ("New Ordinary Shares") in the Company to new and existing investors pursuant to the authority granted to the Directors by Shareholders at the Company's annual general meeting held on 11 September 2017 (the "Issue"). The issue price per New Ordinary Share will be determined by reference to the 30 April 2018 unaudited Net Asset Value plus an amount to cover the Company's expenses incurred in connection with the Issue (the "Issue Price").
skyship
22/5/2018
08:38
Im 100% out btw !
my retirement fund
22/5/2018
08:37
Really ? My post 1383 wagered otherwise. Still at least there should be enough cash to pay the dividend again. Poster W herk will be pleased about that.
my retirement fund
22/5/2018
08:04
I rather thought the last issue would probably be it for a while .
holts
15/5/2018
08:26
free stock charts from uk.advfn.com
skyship
11/5/2018
13:55
VTA.L is 15% below NAV at the moment.
davebowler
08/5/2018
07:54
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
23:27
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
22:15
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
20:25
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
18:04
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
15:36
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
13:46
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
17:58
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
15:10
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
09:59
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
07:49
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
15:48
RECI did try to speak to ii to sort out , it took 5 days to sort out. but now can buy at ii.
jaws6
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