Real Estate Investors Share Discussion Threads

[sunfish2] 09/9/2009 15:41

Now, a dividend would be nice.

For sure, Caledonian have not continued to increase their stake, without having a game plan in place.

Next year? Maybe sooner than that.

[hastings] 09/9/2009 15:04

I agree about not going private Sunfish, but i could see other Director purchases, or for that matter the other Institutions, which are sitting on 4% or so. Caledonian has not upped its stake on a whim, i would expect very positive news early next year and the commencement of dividends soon after.

[sunfish2] 09/9/2009 09:24

No, Caledonian bought their last tranch at 3.4p and both they and Bassi are close to the 30% limit. The Chairman already has a big holding from when he floated the comapany in 2004.

REI needs to do a deal this year, or it might make sense to take the business private; but I don't think that's what Caledonian/Bassi have in mind.

[hastings] 09/9/2009 07:50

Could we perhaps see even more Director buying or other Institutions picking some up?

[sunfish2] 08/9/2009 14:52

The Chief Exec is highly regarded and sucessful, so I imagine that he want's to move the company along and not just sit and watch the property market pick up.

The rest of the board have a good history and have bought significant shareholdings. Howewver, with Caledonian and Bassi controling over 50% of the shares, they will need to have a strategy to move the share price.

[ciderboy] 08/9/2009 12:44

m/cap 19m v 49m gross property plus 4p/s cash. the 49m gross property is from the f/results.

[hastings] 08/9/2009 12:34

Caledonian clearly see value here and will no doubt be active in getting someone on the board. The current NAV is around 7p per share, not a huge discount as some have said, but personally see these as a decent mid-long term play with little downside risk.

[ciderboy] 08/9/2009 12:18

if the i/r are not clear enough you, look at f/r and compare the dfference.

[affc21] 08/9/2009 12:08

Simon,

I will have a look at AGR.

[sunfish2] 08/9/2009 12:03

What is a big outfit like Caledonian doing with this?

Something is on the cards.

[simon gordon] 08/9/2009 11:57

AGR is worth a skeg!

[affc21] 08/9/2009 11:42

Looked at these yesterday and came to the same conclusion, and hence not invested.

Searching for larger discounted NAV property plays than here, although their is value here.

[simon gordon] 08/9/2009 11:31

affc21,

That would give a share price of 6.41p. Not a huge discount.

Came across this on your iii link:

pg 45, "The Broker's View" - Investors Chronicle 21-27 Aug 2009

"...And Real Estate Investors is a bit of a tiddler with a market value of just £16m, but it has refinanced debts on its portfolio of property in the Midlands, holds £14m in cash, and is backed by Caledonia Investments. And, at 4.25p, the shares are trading at a 40 per cent discount to NAV."

[simon gordon] 08/9/2009 10:50

Hi Guys,

How are you valuing RLE?

I can't find a NAV in the Interim results.

Thanks

[hastings] 08/9/2009 07:46

Ooh sunfish, that would be telling, but suffice to say i remember it from my childhood!

[sunfish2] 07/9/2009 22:49

hastings

Billy Cotton's Band Show, that's going back about 45 years. How old are you?

[hastings] 07/9/2009 20:45

An interesting piece from July

[hastings] 07/9/2009 16:23

WAKEY WAKEY!

[sunfish2] 07/9/2009 15:24

About time, but what's with "Billy Cotton"?

[hastings] 07/9/2009 15:02

Decent volume today, looks as though people have indeed woken up to the value here.

[hastings] 29/8/2009 22:18

Billy Cotton!!!

[topvest] 15/4/2007 17:29

Results look fairly poor - aren't we in a property bubble? You would have at least expected a revaluation surplus rather than a deficit!

[sunfish2] 16/1/2007 21:01

The company only floated in 2004.

To have established a solid business in under two years and then go on to raise £25M, through a placing at a premium to the market price, is impressive.

I think the management know what they are doing.