Real Estate Investors Share Discussion Threads

[cwa1] 08/1/2020 16:16

Minuscule creep on the bid. Heave ho...

[hugepants] 08/1/2020 15:10

The update today reaffirms the broker forecast which was dividend rising to 4p this year. Puts this mutt on a 7.5% yield (covered) and a >20% discount to NAV.

[skyship] 08/1/2020 14:48

SP currently 52.85p-53.0p

[sleepy] 08/1/2020 08:51

Tilts - with market cap of c £100 million and the current share price discount to NAV it’s hard to see them acquiring anything of significance though I suppose some sort of merger might be possible

[tiltonboy] 08/1/2020 07:35

RC2,

it's a trading statement, so no NAV announcement

[rcturner2] 08/1/2020 07:32

I was enjoying reading the statement up until the point when I realised there was no mention at all of the NAV.

[playful] 08/1/2020 07:27

Yes, sounds interesting..

Consolidation within the real estate sector is likely to create corporate activity during 2020, to follow the recent acquisitions of Mucklow and Hansteen and we remain alert to opportunities that are in the best interests of our shareholders."

[tiltonboy] 08/1/2020 07:14

Interesting final sentence in statement.

Buy or be bought?

[skyship] 04/1/2020 13:57

I fancy another run up to 58p...


free stock charts from uk.advfn.com

[clausentum] 04/1/2020 12:02

Trading update last year on 7th January, is there a date yet for this year's TU?

[poacher45] 03/1/2020 10:25

skyship I think we disagreed over Palace as well. I agree that in boxing terms you have won the opening rounds. RGL has had a lot of publicity and I think it is fully valued. However it will be interesting to see where we are in two years time.

[skyship] 03/1/2020 10:16

poacher - hmm - I see we were disagreeing over RGL v. RLE just over a year ago.

That's the same RGL which in 2019 delivered 31.5% (Cap & Inc) v. 10% for RLE!

That is now the past of course. I remain happy to hold RGL & once again try for a small trade here in RLE - so bought back in again at 52.49p last month.

[spectoacc] 03/1/2020 10:02

@poacher45 - not the impression I get from the Annual Report or the website, tho I accept both are out of date.

However - a quote from just the recent acquisition:

"...This is a popular shopping destination let to well-known tenants including: McDonald's, Tiger UK, Moss Bros, Timpson Limited, Oxfam, Clydesdale Bank, Savers Health and Beauty, and EE."

Yes, a prosperous arcade, in a growing town - not disputing that. Am disputing that physical retail is the future, and that Moss Bros, Timpson, Oxfam, Clydesdale, EE etc are "..Just convenience".

Everything has its price of course - just isn't there yet for me for RLE.

[skyship] 03/1/2020 07:21

Specto - exactly, for every seller there is a buyer, so all the recent sales have been taken by someone. Who? Well, we are likely to hear soon enough as they must be nearing a disclosure point.

Also, agreed, they carry too much retail.

Portfolio breakdown: Office 38%; Retail 36%; Specialist/Alternative 26%

[spectoacc] 03/1/2020 06:55

Having looked through the amount of retail in RLE last night, I'm not going back in without a catalyst.

[tiltonboy] 02/1/2020 22:24

badtime,

Didnt have a carer for the missus, so didnt get there

[chucko1] 02/1/2020 22:08

I’m building positions in this stock for several accounts. As patiently as is required!

[spectoacc] 02/1/2020 20:12

MoT

And the follow-on point - who's taking the stock off the two sellers? I know they're only dribbling it out, but it adds up.

[badtime] 02/1/2020 20:08

Happy New Year Tilts....go to the Leeds game?

[badtime] 02/1/2020 20:07

Hi....Happy New Year to you as well!I'm pretty sure you did reply in the end on the RGL thread....I only have 10k there..currently happy to hold ..certainly not adding

[tiltonboy] 02/1/2020 18:27

I'm getting boring in my old age.

I wouldnt be surprised if there have been approaches, and with foreign buyers seemingly having an appetite for UK property, the universe of quoted companies is dwindling.

If there is somebody interested, then they surely missed a trick in picking up a decent stake with the Invesco overhang, amongst others.

Likewise, a happy and healthy new year to you.

[skyship] 02/1/2020 18:21

Come on Tilts - put your M&A hat on and corner a 29.9% stake for someone. It would give Bassi the opportunity to step down! 😊

& of course, wishing you well for the New Year.

[tiltonboy] 02/1/2020 18:02

Miton have been a long-term holder via Nick Greenwood's MIGO. Premier have only been a buyer relatively recently. Perhaps following the merger of the two groups they have breached internal holding rules.

In any case, it doesn't help. Going to be a long, hard haul. As long as the dividend keeps increasing, I can be patient.

[skyship] 02/1/2020 18:02

Hi BT - a very happy New Year to you. Forgot to answer your question on the RGL thread. The answer is no - not top-slicing. After last year's stupendous return of 31.5% (as I stated on the new JDT thread); I will let them run.

RGL are the go-to propco for the best management in town and to my mind the best strategy too with their overwhelming commitment to regional offices.