Real Estate Investors Share Discussion Threads

[sunfish2] 28/7/2010 13:25

So, what about the share price?

Everything is in place, new equity, new directors, good cash flow. When does this translate into action?

[hastings] 28/7/2010 07:54

Good news today, another property acquired for £4.5M let to price coopers and a annual revenue of £400k.

[hastings] 22/7/2010 07:52

Coming along nicely

[sunfish2] 29/6/2010 19:50

Yes, preparing the ground--it looks like. Also, big trades in shares.

[hastings] 29/6/2010 13:12

Nice to see one of the new Directors going in for 500k shares yesterday and i see we also have a Caledonia man on the board too.

[hastings] 24/6/2010 07:44

Some very large holdings appear to have changed hands or were shifted to other funds yesterday.

[sunfish2] 21/6/2010 15:35

A continuation from last week. I have said before that Caledonian are not in REI just to stand still.

[hastings] 21/6/2010 13:08

Looks like another 200k buy today

[hastings] 20/6/2010 21:21

Tuesday is indeed a big day, lots of pidgeon feathers i suspect!!

[sunfish2] 19/6/2010 12:26

Absolutely, a top class list of shareholders headed by the heavyweight Caledonian.
A corporate deal, supported by the shareholders, would move things forward.

Tuesday is a big day.

[hastings] 19/6/2010 09:41

Yes, clearly do need a few things to happen here, but i guess it is a case of sticking with the patience. Some real savy investors on board here though, as you know. Particularly Caledonian, which is adept at spotting long term value.
I guess the driver of the share price will be some further shrewd purchases at some point along with the commencement of dividend payments. Happy to bide my time, but it would be nice to hear a little bit of newsflow. As for Mr Hayward, i have a feeling that his wish to get his life back as he put it, will be granted sooner rather than later.

[sunfish2] 18/6/2010 00:44

The shares are holding up well, but we need a bit more than that.

Saw that haplass fool, Tony Hayward, giving evidence before the Senate commitee.
He is certainly no "chief executive". Presumably, after the Lord Browne scandals, BP wanted a fool just to go through the motions; well, they certainly got that but the company desperately needs strong leadership.

[hastings] 17/6/2010 20:50

A couple of decent buys today, all quiet otherwise i guess!

[sunfish2] 08/6/2010 13:28

Hastings, wishful thinking.

I don't think that things are dull; I believe we are in a very dangerous situation. The sooner the PIIGS are out of the eurozone, the better.

Uncertainty eveywhere.

[hastings] 08/6/2010 13:03

Well Sunfish2, on an otherwise eventless dull day, (for me at least) RLE move up on the bid. Something stirring, or just wishful thinking on my part!

[sunfish2] 20/4/2010 15:24

Could be?

Sure,they "could be"--but why?

The share price does nothing and no announcements since EGM.

I'll hang on, for my entry price is north of 6p, but I have other fish to fry.

[hastings] 20/4/2010 12:46

Could be on the move Sunfish2

[sunfish2] 06/4/2010 22:48

I have been thinking the same thing--REI appears to be one big yawn at present.

Let's hope they are working on a decent size deal!

[hastings] 06/4/2010 21:51

About time we had a little more news i think!

[hastings] 16/2/2010 14:58

Yes and yes.

[sunfish2] 16/2/2010 14:32

Perhaps the 2009 results will do something for the share price Looks like their recent placing was well timed, given the subsequent soft market.

[hastings] 16/2/2010 13:04

A few nibbles today and the offer just upped.

[hastings] 15/2/2010 10:08

Real Estate investors raises £10m for bargain war chest
Jan 29 2010
Real Estate Investors has raised more than £10 million to take advantage of knock-down prices in the sector.

In an announcement to the Stock Exchange, the quoted vehicle of Midlands property specialist Paul Bassi said that its £10.1 million placing would be used "to provide additional resources to take advantage of depressed values in the West Midlands property market".

Its cash war chest is now in excess of £20 million plus agreed banking facilities

The company said it was targeting "attractive valuations" and was in discussions on a £100 million pipeline of opportunities.

These included a retail and office investment worth an estimated £9 million; a real estate investment in partnership with a major bank worth up to £50 million; the acquisition of early-build units from a national housebuilder with a view to letting and subsequent sale, valued at approximately £10 million; a completed development being sold on a distressed basis, with the potential for immediate cash profits on resale, valued at approximately £9 million; a town centre retail development potentially being sold on a distressed basis, worth up to £10 million; and various brewery sell-offs.

The placing involved the issuing of 155,309,834 new ordinary shares at a price of 6.5p per share – 45.6 per cent of the company's issued share capital – from institutional and other investors.

Mr Bassi, chief executive of REI, will put in £400,000 to acquire 6,600,507 of the new shares.

Following completion, he will own 18.1 per cent of the company's enlarged issued share capital.

The placing price represents a premium of 6.1 per cent to REI's middle market price of 6.125p at its close last Friday.

Mr Bassi commented: "We are delighted to have had such a positive response to our fundraising from both our existing and new investors.

"These new funds will enable us to take advantage of the available opportunities to buy assets from which we can create real shareholder value and establish a strong platform for the future of REI."

He said deal possibilities were coming through from banks and building societies looking to reduce their problem loan book; local government, regional development agencies and other government bodies such as the NHS, seeking to release capital; distressed vendors looking to sell to cash buyers on discounted terms; and those who have waited for, and expect, the investment markets to stabilise this year and may prefer cash buyers.

In addition, other property companies were seeking equity partners to fund acquisitions.

Mr Bassi added: "Throughout the recent financial crisis, REI has pursued an active strategy of repositioning properties and recycling and conserving capital, whilst generating cash flow, maximising occupancy rates and crystallising reversions. This strategy has been effective in placing the company in a strong competitive position. "With our proven track record, established market reputation and profile, together with available cash resources, we believe significant growth opportunities will emerge.

"Given the market is now at, or close to, the bottom of the current economic cycle, the present conditions offer REI an attractive opportunity to expand its property asset base through opportunistic acquisitions and active asset management.

"The executive directors' considerable regional experience and extensive market contacts in the West Midlands, including acquiring and managing real estate through the last significant property downturn of the early 1990s, position the company well to source, finance and structure transactions that should be resilient to any further weakness during this cycle."

The company's focus was firmly on value, he stressed.

REI remained "conservatively financed" with debt of approximately £40 million.

The placing is conditional on the approval by shareholders at an extraordinary general meeting on February 22.