Real Estate Investors Share Discussion Threads

[tiltonboy] 21/11/2019 12:12

No. Both Miton and Premier had holdings. The groups have now merged, so that is the combined holding.

Retail buyers continue to chip away at Invesco holding, with a further 250k done yesterday. Still loads more to do though!

[wskill] 21/11/2019 12:04

Has invesco dumped 14% today to Milton?

[sharesoc] 20/11/2019 22:08

We have a growth company seminar in Birmingham on the 3rd December and Real Estate Investors are presenting, may be of interest to shareholders and potential investors:

[tiltonboy] 20/11/2019 18:09

hxxps://www.aosphere.com/aos/shareholding-disclosure-united-kingdom-summary

[skyship] 20/11/2019 17:52

Thnx as always...

[tiltonboy] 20/11/2019 16:35

3% generally.

[skyship] 20/11/2019 16:27

Tilts will tell us...

[spectoacc] 20/11/2019 15:57

Or is it crossing each 1% threshold once over 3%! Also depends on the listing.

Wish Invesco would just dump them & give me a good entry point ;)

[skyship] 20/11/2019 15:53

Invesco sell another 2m; this after 2m last month! - Only another 35m to go!

Of course, someone is taking them, so perhaps we'll find out when they pass 3% (or is it 5% these days - I forget!)

[killing_time] 18/11/2019 20:39

Looks like a good RNS today.

[tiltonboy] 15/11/2019 15:24

They almost certainly will if they can find buyers

[spectoacc] 15/11/2019 15:18

Curious who is buying, when both Ruffer & Invesco seem to be sellers. I fear Invesco may dump their entire c.20% over time.

[asmodeus] 05/11/2019 16:30

Slightly O.T. - are you all getting the ADVN message across the display asking you to accept access to your P.C. by a vast number of "pre-selected companies" ? And, if so, are we obliged to accept? P.S. my pop-up blocker has now blocked it !

[skyship] 24/10/2019 14:23

RNS simply confirms the PRU holding merged with a pre-existing smaller M&G holding.

[cordwainer] 23/10/2019 14:10

Last RNS's effectively an increased investment by M&G Prudential it seems.

[cordwainer] 16/10/2019 16:12

Holding this should dovetail well with Helical plc (London & Manchester offices)

[badtime] 14/10/2019 21:32

Note the comment re concluding pipeline acquisitions in the near future

[cordwainer] 11/10/2019 16:27

Yet so very off the radar with no movement even on a wild day like today.

[speedsgh] 10/10/2019 10:51

�10 million Fixed Interest Facility -

Real Estate Investors Plc (AIM: RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.53 million sq ft of commercial property in the Midlands property market across all sectors, is pleased to announce that it has taken the opportunity to switch its existing variable rate �10.0 million loan facility with Lloyds Bank into a fixed interest rate loan facility with an interest rate of 3.129% per annum until 30 November 2023. The facility with Lloyds Bank is secured against a portfolio of REI's properties. Following completion of the new facility, 77% of the Company's debt is in fixed interest rate form, without increasing the average cost of REI's overall debt which remains at 3.7%.

Paul Bassi, CEO, commented: "In line with our stated strategy, we have taken advantage of the low interest environment to fix this facility with Lloyds Bank which has given us increased certainty over our cost of borrowings without raising our overall costs.

We are well placed, given our existing cash and banking facilities, to maintain our opportunistic approach to acquiring further criteria compliant assets and we anticipate concluding some of our pipeline acquisitions in the near future."

[rcturner2] 17/9/2019 09:28

I think a lot depends when you buy and for what reason.

I tend to only buy investment trusts that meet my own requirements for discount and yield. This has served me very well for the best part of 10 years.

[mushypeas] 17/9/2019 09:24

The 5 year NAV IRR (my chosen metric - increase in NAV + dividends paid out) isn't disastrous here at 7% , but any number of investment trusts would have done better.

Earlier dilutive share issues were extremely unhelpful to private investors.

[rcturner2] 17/9/2019 09:13

Trouble is though that just means we just haven't spotted the bear case.

[mushypeas] 17/9/2019 09:12

HP : Why hold cash?

A £100 invested here 3 years ago would now be worth around £87(and somewhat less before yesterdays bounce) during which time you would have received a little over £16 in dividends.

A National Savings bond taken out on the same date would have maintained it's £100 value and paid out £6.60 in interest.

O.K. the forward yield at RLE is now slightly higher than previously, but higher industry discounts also look pervasive.

A market for active traders like SKY, where it's sometimes right to hold cash.

[skyship] 17/9/2019 09:04

HP. Agreed, makes very little sense, but that is the stock-market for you!

Of course, as RCT2 states, it is all about Risk/Reward.

Still, the anomaly of REITS with stats like these:

# Yield 8.0%
# NAV discount at c9%
# Unexpired debt at 8yrs
# Debt at 3.5% fixed
# LTV at 40%
# Continuing rental growth
# Property availability at multi-year low

...surely shows that we are right to go overweight in the sector.

Those stats? No prizes...……...…………….RGL

[rcturner2] 17/9/2019 07:36

HP, I guess the answer is a combination of the increased risk involved in a property REIT and market mispricing.