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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% 155.50 156.00 156.50 158.00 155.50 155.50 447,195 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 37.2 16.2 9.6 357

Real Estate Credit Inves... Share Discussion Threads

Showing 1551 to 1575 of 1900 messages
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DateSubjectAuthorDiscuss
03/4/2020
13:18
Looks like a put a toe back in too early
badtime
30/3/2020
12:02
In at EQi now FWIW
cwa1
28/3/2020
16:01
I wonder when we will get the fact sheet for March 31, it being the financial year end. The calculation of NAV will be interesting, full of judgements and time consuming. Remember that at September 30th 2019, there were no level 1 assets, £107m level 2 assets and £168m level 3 assets. Eventually when the annual report comes out I will be interested to see what comments the auditors make on the valuations of assets. Of course the RECI valuation may be more accurate as it has no level 1 assets where the comparators are thinly traded with v wide spreads.
cerrito
28/3/2020
16:01
Thanks Stemis. I will ask the company. At this time full transparency and consistency is vital.
cerrito
28/3/2020
11:36
Investment portfolio 31 Jan = 394.5m - Loan portfolio = 163.6m - Bond portfolio = 230.8m Investment portfolio 28 Feb = 411.0m - Bilateral loan and bond portfolio = 311.8m - Market loan portfolio = 99.2m It does look like they've reclassified some 'bonds'. If I was guessing I'd say 'Bilateral..' includes bonds they own directly and 'market loan portfolio' where it's part of a pooled arrangement such as a CMBS. That's just a guess though...
stemis
28/3/2020
09:54
Reviewing what to do here I have had a look at the recent factsheets. My reading of the ones of Feb 29 and Jan 31 was that in the month of February the bond portfolio fell from £231m gto £99m  and there was no comment. I see the January figure was described as bond portfolio and february figure as market bond portfolio. Comments appreciated
cerrito
27/3/2020
22:54
No problems with HL on RECI and BBOX
alter ego
27/3/2020
22:01
Both of those landed in my account with YOUINVEST earlier today
badtime
27/3/2020
20:54
I had another dividend due today with EQI and it was credited fine (Tritax Big Box), but not the RECI dividend.
grahamburn
27/3/2020
19:29
Odd as i thought a lot of this was automated , seems like its still being manually posted .
holts
27/3/2020
13:33
LOL, ditto, I have BOTH of those in Selft...sorry... EQi(stupid name) myself and they haven't arrived yet either. However, I'm happy to cut them a little slack for now...
cwa1
27/3/2020
13:29
Can not say the same for selftrade so far , usually very prompt , no BP either .
holts
27/3/2020
08:44
Well, dividends normally land in the account without so much as a mention-but under the current circumstances it is nice to see the RECI dividend in the account this morning :-)
cwa1
26/3/2020
10:12
Dipped a toe back in yesterday against what I said naughty me
badtime
21/3/2020
09:01
Well timed sale. Are you looking to reinvest at some stage; looks to be no rush to do so! Personally I share the same problem as every pension fund in the country, needing revenue to draw my pension from my SIPP. Looks to be nowhere safe to secure such; though as you read elsewhere - BBYB & INLZ help a bit from current levels. Still, I'm over 80% CASH, with a good chunk of that before the meltdown, so can live off the capital for this year at least. Real pension funds will be revenue starved and now underfunded. Every company in the country will be faced with pension fund top-ups...as well as all the other problems. What a ghastly mess; and with so many personal tragedies to come. STAY SEPARATED.....STAY WELL.
skyship
20/3/2020
22:45
Nicely done....pleased I got out with a small loss at 160
badtime
20/3/2020
09:44
…& sold at 108p. Nice to make a turn - good for morale 😊
skyship
20/3/2020
09:16
Bt a few first thing at just under 100p...
skyship
20/3/2020
08:34
I have not bought more at these lower prices so far. There has as far as I know no noticeable contraction in construction activity though we need to brace ourselves that things will take longer. While my understanding is that all deals have planning permissions, Council planning departments will be taking longer to provide specific consents. I need to do prep to determine how many of the developments have a firm buyer. Too bad we do not have the investor calls we had about 8 years ago.
cerrito
20/3/2020
08:24
20 March 2020 Real Estate Credit Investments Limited Market Update The Board of Real Estate Credit Investments Limited ("RECI" or "Company") wishes to update investors given the recent volatility in financial and credit markets in light of COVID-19. As noted in the 29 February factsheet: -- The Company is strongly collateralised with an investment portfolio of GBP411m, plus a robust cash position of approximately GBP60m, providing robust asset cover over the Company's liabilities; -- The Company's liabilities, financing secured by the more liquid end of the bond portfolio, is approximately GBP97m; and -- The investment portfolio is focussed on senior lending, with a weighted average loan-to-value of approximately 65 per cent. and a short duration. The Investment Manager has been actively monitoring the entire investment portfolio and is carrying out analysis on the impact of financial and credit markets on each individual asset, including the impact on forecast cash flows in both the short and full term of each investment. The Investment Manager is monitoring its leverage position closely and as at 19 March 2020: -- There has been no change in the leverage quantum as a percentage of NAV since month end; -- The Company has experienced some margin calls, due to pricing adjustments and FX rates, and these have all been comfortably met from the Company's robust cash balance; -- The Company's financing has an average maturity of three months, and is spread over many financing counterparties. The Investment Manager has not received any notice from any of its financing counterparties that they intend to withdraw their financing; -- Whilst the Investment Manager continues to monitor the position closely, it expects any further margin calls on financing and FX to remain manageable. This belief is based on the Company having a strong cash position (holding approximately GBP60m at 29 February), the ability to sell bonds, and the relatively defensive nature of the GBP411m portfolio, i.e. senior lending and bonds with strong coupon and short duration. This announcement has been prepared by, and is the sole responsibility of, Real Estate Credit Investments Limited. This announcement has been released by Chris Copperwaite of Aztec Financial Services (Guernsey) Limited, Secretary of the Company.
davebowler
16/3/2020
10:16
Cheaper by far today
badtime
13/3/2020
13:50
That presupposes a lot of defaults.Hope the market is wrong.
davebowler
13/3/2020
09:36
Strewth - 150p - 8% yield...
skyship
09/3/2020
13:06
Lol ..what a difference a week makes
badtime
09/3/2020
13:03
HTtp://recreditinvest.com/PDFs/2020/03/FactSheet-09032020.pdf
davebowler
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