Buy
Sell
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
  0.75 0.57% 131.25 131.00 131.50 132.00 131.00 132.00 358,344 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -17.4 -8.7 - 301

Real Estate Credit Inves... Share Discussion Threads

Showing 1501 to 1523 of 1725 messages
Chat Pages: 69  68  67  66  65  64  63  62  61  60  59  58  Older
DateSubjectAuthorDiscuss
30/1/2020
15:11
Managed to get 5000 at 170p, see if they drop nearer for a better top up
nerja
30/1/2020
14:37
Real Estate Credit Investments Limited (the "Company") is pleased to announce that it intends to issue up to 19,920,363 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 17 September 2019 (the "Issue"). The price at which each New Ordinary Share will be issued pursuant to the Issue will be 168 pence (the "Issue Price").
davebowler
30/1/2020
08:55
Have to wait for the big boys get there fill and start the selling I think Holts
nerja
30/1/2020
08:45
Hopefully everyone will wait for the indegestion and let it drop to the issue price or slightly less before charging in .
holts
30/1/2020
08:33
Fund raising , hoping to top up near the 168p issue
nerja
28/1/2020
16:03
Interesting read- 3rd Q Manager's update. hTTp://recreditinvest.com/PDFs/2020/01/RECIQ324012020.pdf
davebowler
28/1/2020
15:52
Real Estate Credit has a vaguely similar competitor in the wings -Alpha Real Estate. It is aiming to have more than 50% of its assets in secured loans on Commercial Property up to 75% LTV. However it trades about 10% below its recent NAV, unlike RECI which is at a premium. Recent comment from IC......As the UK property lending book scales up then Alpha Real Estate could easily make interest income north of £11m on a £85m property loan book at a blended rate of 13.3 per cent, a sum that covers the £3.8m annual running costs of the company and leaves surplus cash for further dividend hikes. Indeed, the cash cost is only £0.7m for the 1p a share quarterly payout. Moreover, there is a natural NAV accretive mechanism built into the shares from the double-digit investment returns made on property lending activities, and supplemented by capital upside on the equity interests in Madrid, Hamburg and a £1.7m equity investment in the high yielding Cambourne business park in Cambridge. Buy.
davebowler
15/1/2020
15:55
Thanks for the updates.
skinny
15/1/2020
15:54
Mentioned here - hTTps://citywire.co.uk/investment-trust-insider/news/new-year-tips-winterflood-overhauls-investment-trust-recommendations-for-2020/a1312060
davebowler
10/1/2020
08:45
LiberumSpecialist Finance Real Estate Credit Investments £106m of new loan commitments Mkt Cap £358m | Prem/(disc) 3.5% | Div yield 7.0%EventReal Estate Credit Investments' NAV per share at 31 December 2019 was 165.2p, resulting in a 0.6% return for the month and an 8.8% NAV total return in 2019. The company has committed £106m to four new loan deals in the UK (£38m), France (£64m) and Italy (£3.6m). The new loans include a £40m whole loan secured on a prime residential/retail building in Paris and a £39m senior loan secured on a mixed use portfolio in the UK. £3.9m was also drawn to fund existing loan commitments. The manager continues to report a strong pipeline of potential investments. Cash on the balance sheet has declined from £63m to £34m (10% of NAV) primarily due to investments in the bond portfolio. Liberum viewRECI has achieved an 8.8% NAV total return for the year, representing a 19% increase over the level achieved in 2018. The uplift in returns has been achieved despite a reduction in average portfolio LTV over the past 12 months. This is a result of the improved investment opportunity set. The manager retains a cautious investment approach and is focused on deploying capital in senior loans and core income bonds.?The new loan commitments will effectively deploy the majority of the remaining available investment capacity (cash and debt capacity). The manager's flexible mandate to invest in relative value opportunities across both loans and bonds has ensured swift deployment of capital following loan repayments and capital raises. 
davebowler
17/12/2019
14:42
Interesting report: https://www.hardmanandco.com/research/corporate-research/delivering-on-its-promises/
grahamburn
12/12/2019
21:31
MONTHLY UPDATE • NAV as at 30 November 2019 was £1.671 • Declared a second interim dividend of 3.0 pence per share • A further £1.7m was drawn in the month for existing loans • With its increased leverage headroom and available cash, RECI is well placed to participate in the Cheyne deals closing in the coming weeks
skyship
10/12/2019
09:00
Factsheet 30th November 2019.
skinny
29/11/2019
07:08
Half-year Report. Dividend Declaration.
skinny
18/11/2019
19:08
from earlier reporting, i think this mezz loan was 15m (Reci portion). 1.5x on this should have some ++ impact on the NAV?
yieldsearch
18/11/2019
17:29
Thanks Dave - I totally missed that!
skinny
18/11/2019
17:25
18 November 2019 Press Release RECI RECEIVES FULL REPAYMENT OF REAL ESTATE LOAN FOR THE DEVELOPMENT OF THE ATLAS BUILDING -- RECI is fully repaid 33 months prior to practical completion -- RECI realises a profit multiple of 1.51x at exit London, 18 November 2019: Real Estate Credit Investments Ltd "RECI" is pleased to announce that it has received a full repayment of a loan for a mixed-use development in Old Street, London. The Atlas building is an iconic development featuring 302 apartments over 38 residential floors, which combines the sophistication of the city with contemporary urban style. Every detail has been sympathetically considered and designed, providing a high specification residential offering. RECI's Investment Manager, Cheyne Capital "Cheyne", was approached in 2016 to refinance a mezzanine loan, as the existing mezzanine lender (a US-based credit opportunity fund) was looking to exit the UK market shortly after the Brexit referendum vote. The sponsor, Rocket Properties, is a highly experienced developer with a successful track record of development in the office and residential space in London. RECI participated pari passu alongside Cheyne's other real estate funds, in a GBP87.5m mezzanine loan, at 47%-73% LTC and 38-57% LTGDV ranking behind a senior loan of GBP163.0m, giving an exit basis of GBP250.0m against a GDV of GBP433.5m. At closing, the deal had a significantly de-risked day one position, as the sponsor had fully pre-let the office space and secured GBP145m of residential pre-sales to create total security value of GBP245m against the mezzanine exit basis of GBP250m. By November 2016, the cumulative security from additional pre-sales was GBP251m, at which point the mezzanine loan had broken even - 33 months before practical completion. At exit, RECI realised an attractive return with a profit multiple of 1.51x. The exit was from a combination of residential pre-sales and refinancing of the office space.
davebowler
07/11/2019
10:04
Thanks as always DB
badtime
07/11/2019
09:15
Liberum:ttractive returns Mkt Cap £350m | Prem/(disc) 0.4% | Div yield 7.2%EventReal Estate Credit Investments' NAV per share rose by 0.7% in October 2019 to 166.3p. The YTD NAV total return is now 7.6%. Returns in the month benefited from the full repayment of a loan to a mixed-use development in Old Street, London. The repayment was accretive to NAV and resulted in a 1.51x multiple on the overall investment. In terms of deployment, £9.5m was invested in three new bonds and £2.3m was drawn to fund existing loan commitments. Cash at the month-end was £71m, leaving the company well placed to fund new transactions. Gearing has risen marginally to £68m (20% of NAV).Liberum viewWe believe RECI offers attractive exposure to real estate markets with significant capital value headroom implied by the average c.64% portfolio LTV. The fund has consistently delivered NAV returns in excess of 7% and is on track to generate 8.5%+ in 2019. We expect this will continue as lending competition from traditional lenders recedes. Since 2012, all realisations have achieved or exceeded expected returns. Portfolio risk has reduced as the majority of the loan portfolio is now comprised of senior loan positions. The short duration portfolio minimises exposure to potential yield widening and also provides the ability to reposition the portfolio if market dynamics change. We believe RECI's 7.2% dividend yield is compelling given the level of protection within the capital structures in which it invests
davebowler
09/10/2019
07:58
Liberum; Mkt Cap �348m | Prem/(disc) 0.5% | Div yield 7.2% Event NAV per share at 30 September 2019 was 165.2p, representing a total return of 0.7% in the month. NAV total return in 2019 to date is 6.9%. September's performance was partly due to a restructuring of a loan to a regional UK housebuilder. The restructuring has resulted in an enhanced return for RECI. The loan is a profit-sharing mezzanine loan and has an LTV ratio of 75%. Gearing remained stable in the month at �61m (18.5% of NAV). RECI had cash of �45m at 30 September and an additional �17m of equity was raised in October to fund pipeline investments. Liberum view We believe RECI offers attractive exposure to real estate markets with significant capital value headroom implied by the average c.64% portfolio LTV. The fund has consistently delivered NAV returns in excess of 7% and we expect this will continue as lending competition from traditional lenders recedes. Portfolio risk has reduced as the majority of the loan portfolio is now comprised of senior loan positions. The short duration portfolio minimises exposure to potential yield widening and also provides the ability to reposition the portfolio if market dynamics change.
davebowler
09/10/2019
06:58
MONTHLY UPDATE: • NAV as at 30 September 2019 was £1.652, up from £1.640 the previous month • This increase was partly due to a restructuring of one of RECI’s loans to a UK regional housebuilder, and provided the sponsor with more suitable financing, while securing an enhanced return for the Company • A further £3m was drawn in the month for existing loans • RECI undertook another placing in the month, raising gross proceeds of £17 million through the issue of 10,208,480 new ordinary shares. • This capital raise, combined with the current leverage headroom, leave RECI both well positioned for upcoming pipeline deals, and defensive ahead of potential market volatility.
skyship
01/10/2019
14:20
1 October 2019 Real Estate Credit Investments Limited Close of Issue of New Ordinary Shares Further to the announcement on 19 September 2019, the Board of Real Estate Credit Investments Limited ("RECI" or "Company") is pleased to announce that the Company has raised gross proceeds of GBP17 million through the issue of 10,208,480 new ordinary shares ("New Ordinary Shares") at 167 pence per New Ordinary Share (the "Placing").
davebowler
19/9/2019
07:36
New issue of shares by a placing via Liberum.
davebowler
Chat Pages: 69  68  67  66  65  64  63  62  61  60  59  58  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:20201123 17:18:35