Share Name Share Symbol Market Type Share ISIN Share Description
Real Estate Investors Plc LSE:RLE London Ordinary Share GB00B45XLP34 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 35.50 47,598 08:00:00
Bid Price Offer Price High Price Low Price Open Price
35.00 36.00 35.50 35.50 35.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 15.64 8.40 4.45 8.0 66
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:16 O 10,000 35.00 GBX

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Date Time Title Posts
18/1/202122:26Real Estate Investors1,528
28/4/201112:05Ridgeline - water services for Canadian drillers-
01/7/200519:09hi can anyone tell me whats going on over at RLE my live terminal shows zero act1

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Real Estate Investors Daily Update: Real Estate Investors Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker RLE. The last closing price for Real Estate Investors was 35.50p.
Real Estate Investors Plc has a 4 week average price of 31.50p and a 12 week average price of 28.50p.
The 1 year high share price is 56.50p while the 1 year low share price is currently 27p.
There are currently 186,420,598 shares in issue and the average daily traded volume is 218,702 shares. The market capitalisation of Real Estate Investors Plc is £66,179,312.29.
hillofwad: Npower are currently paying £14.48 per sq.ft for 35,749 sq,ft at Birch House. That actually isn't too overcooked . The main concern is that £517,650 pa is the highest individual rent in the whole portfolio is potentially at risk. The quoting rent for the much smaller mirror sister office building Birchfield House next door of 16,584 sq.ft is £16 per sq.ft albeit without success for the last 5 years ! So you can take that rental as "open market" with a pinch of salt. OH DEAR!! However,I have just noticed something rather concerning indeed in the letting details of Birchfield House which maybe confirms Michael1065's concern that Npower are downsizing . The floor space being offered in Birchfield House is flagged up as 8,224 sq.ft -52,333 sq.ft ,larger than the building itself!! which does seem to indicate that its sister building Birch House might be coming available too! Maybe Npower have already let their future intentions be known as RLE would have surely made contact with them by now to negotaite the terms for a new lease.the expiry very firmly on the close horizon.? Https:// The plot thickens ! Maybe somebody can contact Anna Durnford at RLE or Bond Wolfe to clarify ?.Although helpful she is probably sick of responding to my queries!!! Nothing is ever as it seems with RLE
hillofwad: I am able to research RLE as I know the patch having worked it for many years on the commercial property front, professionally qualified although more ind'l property orientated. I also am familiar with some of the properties .One or two personally involved with sometime ago I am confident though given the correct info to make a good stab at the value of the individual properties . I was invested in Hansteen, Mucklows and Terrace Hill but they have all been swallowed up hence why I arrived to look at RLE Having lifted the bonnet I soon found them to be very different to Mucklows! What has got my goat is their unwillingness to release any information which can be deemed anyway as negative to shareholders . I do not consider this to be acceptable Many of the voids aren't showing up on their website. Tenants still showing who have long since gone West Plaza doesnt even appear on the list That only serves to make me devote the time to dig more deeply All this info is useful to me in any event for all sorts of reasons
hillofwad: SLEEPY Yes the tiltstone directors owned the private company Just goes to show RLE missed a trick on indus trial warehousing Well my office was next door to one of RLE buildings in Brum.LOL
winsome: hillofwad, I hear what you say. For my sake I hope you've already missed the boat and that the share price continues to recover to previous levels. Re you last comment, I guess they don't have so much knowledge in the industrial sector or wanted to limit exposure there because it has been out of fashion in the past. I'm a big fan of REITS but I have another similar to RLE: SLI also sank to half NAV recently for little reason other than current market sentiment but is also recovering nicely. I hold BBOX and SHED, PHP and AGR which have all performed well over the years. Strange announcement from Regional REIT today. Their share price is being trashed because they hold 80% offices. Yet they now intend to move to 100% offices. Glad I don't hold that one.
winsome: hillofwad, I'm a long term holder of RLE and haven't checked in here for some time. I see you are an avid poster and persistent bear on this company. Why don't you just cut your losses and sell? I agree the share price performance is pretty disappointing but I'll probably hold for the yield factor. They seem to be pulling in a high proportion of the rent to date given the toll Covid is taking on the economy.
hillofwad: The one bit of good news is that Bassi has a huge influence on the share price. He is a wealthy guy and with friends & family + a huge dollop of ego and saving face its a small price to pay to bolster up No doubt some monies coming in from sales then its a real hard slog making some of the old chestnuts produce any value Crewe especially with its gaping voids Lucky they are under no pressure to jettison that Lucky to make £13m today
cc2014: The directors are clearly frustrated with the share price. Today's purchases on top on those in June: June Director Purchases
hillofwad: Spect Can't see what RLE paid for it, In the final results for FY 2008 "On 21 November 2008 Real Estate Investors plc acquired the entire issued share capital of Metro Court (WB) Limited, a private company based in the UK for total consideration of £687,000. At 31 December 2008, £188,000 of this cash consideration remains payable and is included within other payables. In addition, Metro Court (WB) Limited committed to repaying £500,000 OF BALANCES DUE TO ITS FORMER DIRECTORS formed part of the net assets acquired. Of this amount £22,000 remained payable at 31 December 2008 and is included in other payables." "Midst of financial crisis too" That year RLE posted a loss "Loss before tax of £15.7 million (2007: profit of £1.8 million) after property valuation write down of £10.9 million and loss on valuation of interest rate swaps of £2.1 million" Sleepy So just as its peer group were looking to batten down the hatches as the market going south RLE quietly scooping up the CEOs private tat allowing him to go liquid Looks like they had to squeeze every last penny to pay him out and the other Directors Rinse and repeat 2016 with West Plaza. At least they had the decency to flag up the connection Eyebrows certainly must have been raised back then .Certainly the feeling in Brum that RLE plc = Bassi so it was a clever move by Bassi to get on board John Crabtree in 2010 for a bit of gravitas .Former senior partner of Wragge the premier Brum law firm at the time .Certainly gives the impression that RLE is just not Bassi ! Maybe he might be able to persuade Rupert Mucklow to join the board in some capacity LOL
cc2014: The challenge is what is a fair share price? We know Bassi has collected an eclectic number and type of properties and we know tenants will want to renegotiate the terms at the break point. We also know he will have the valuation agents in his pocket and to some extent will try to be optimistic. However, there's a price for everything and the directors put in a few quid a month or so ago, not that I see that as a particuarly good trading signal based on what I've seen other directors do. The share price is after all 25p lower than it was before Covid. What I do see is the same pattern on everything in this small cap area is that liquidity is drying up and spreads are rising. From my memories of 2008 we need to go through this phase. The lack of liquidity is going to cause issues for all the new PI's who find when they want to sell there isn't a market to sell into of any size. I have no idea whether 30p is a good entry here, but I'll wait and see what happens on a bad day on FTSE.
cc2014: I have previously owned RLE at 53p selling out for 52p when the Covid-19 concerns became too risky for me. I'm not sitting on 85% cash. The share price is falling as there are more sellers than buyers but what would entire me to buy back? 1. Well RLE isn't the only share out there now which is "cheaper". I can buy BP., AAL, RBS, AV., TW., at significantly lower prices than they were so I've got lots to choose from 2. If I buy any of the above the spread is inconsequential so I've not 5% down before I start. In addition with those example 5 big stocks I don't have to worry about volume either, so in the real world the spread might be 10% for me on RLE if I want to buy or sell on the same day rather than scale in. 3. FTSE/DOW look crazy high to me so I'll wait for a sell-off. Further if RLE is falling when FTSE is going up, what on earth will it do if it starts falling? 4. Looking at INTU,HMSO retail is completely stuffed. 5. If I want to buy a REIT I've got plenty to choose at these "cheaper" prices 6. I really really don't like the directors options at RLE. The size of them relative to the size of the company and it's profit is inappropriate. It looks run for the benefit of the directors too much to me. 7. Finally I worry about their borrowing rate. It's now more risky to lend to them so the banks will want more margin.
Real Estate Investors share price data is direct from the London Stock Exchange
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