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
  -0.50 -1.75% 28.00 466,967 08:28:59
Bid Price Offer Price High Price Low Price Open Price
27.00 29.00 28.50 28.00 28.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 15.64 8.40 4.45 6.3 52
Last Trade Time Trade Type Trade Size Trade Price Currency
16:12:18 O 9,273 28.6844 GBX

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Date Time Title Posts
22/9/202013:32Real Estate Investors1,349
28/4/201113:05Ridgeline - water services for Canadian drillers-
01/7/200520:09hi 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 28.50p.
Real Estate Investors Plc has a 4 week average price of 27.50p and a 12 week average price of 27.50p.
The 1 year high share price is 56.50p while the 1 year low share price is currently 27.50p.
There are currently 186,420,598 shares in issue and the average daily traded volume is 95,140 shares. The market capitalisation of Real Estate Investors Plc is £52,197,767.44.
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.
cordwainer: @hill, i must confess that ever since you came to this board with all these details i get the vague impression you're either figuratively or literally putting another pin into a voodoo doll with each post.. quite possibly just my imagination. btw, i don't see your points about the family-run businesses, just innuendo. i don't want to discourage you though. with the share price at 50% of last official NAV, it can afford as well as expect some value destruction, probably more so than your individual examples might imply thus far.
hillofwad: The problem with RLE's retail portfolio is the rot had already set in well before the onset of Coronavirus with break clauses being triggered .Coronavirus coming as yet another body blow . You would never have guessed it with the trading update .Just a cursory look at their portfolio shows what they were saying wasn't ringing true with what was happening in the market place The impression they were only slightly affected just "sentiment" Just to add salt to the wound ,the impact of Coronavirus affecting rental income both on a temporary basis and more permanantly too. No guarantees anymore that leases will be renewed and if so likely to have some major trimming of rents They will need to take a number of initiatives to rekindle Crewe where they will need to go out of house to find expertise .It really is a dog's dinner Both Redditch and Crewe enjoy some decent car parking income which must have been hit for for 6 temporarily The gyms .They really have got their work cut out Unfortunate timing but what must stick in the throats of those staff who have been furloughed is that Bassi and Daly enjoyed during lockdown their performance awards . The company went into the market to purchase expensively shares @ 40.98 for them .306,327 and 191,454 shares respectively I guess the premium paid for those shares over and above today's share price reflects the drop in value of the portfolio
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.
sleepy: If I’m wrong perhaps someone who knows the company better would correct me but I believe Bassi became CEO in 2006 when the share price was more than twice the current share price
cc2014: Looks like the chances of this going back to 53p so I can pick some up are now slim. So, if that's not going to happen it would be nice if it would zoom up so the share price begins with a 6.
cc2014: The paper ain't great whilst they've got PAM/Miton selling out. As for Invesco the RNS feed suggests they've stopped but maybe they are just going slowly but regardless I'd be pretty sure they will be back selling if the share price rises 10%. My guess is Bassi isn't really looking to do deals that big. More putting some feelers out. I suspect he's more interested in RLE being taken over than he is in an agressive expansion.
sleepy: 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
speedsgh: So we now have Premier Miton reducing their holding alongside Invesco who are presumably still trying to reduce. Share price unlikely to budge for a while. Buying opp for anyone wishing to build a holding? PREMIER MITON 14.19% --> 13.65% HTTPS:// 13.65% --> 12.66% HTTPS:// INVESCO 18.87% --> 17.84% HTTPS://
cc2014: Well we know what's going to happen SpectoAcc. £17m outlay for 33m shares is nothing to many many funds. 17% of shareholding is though so one party not likely to take more than 10%. 1. Either the buyers will keep going taking shares off Invesco every day and the share price won't move and when we get down to the last say 15m, one party will take the whole 15m as they were hoping for the share price to fall but now see it won't 2. Buyers will keep coming but the volume will slow up and Invesco will drop the share price half a penny at a time to encourage volume and then same thing once we reach say 15m left 3. Invesco sell the whole lot in one go for say 47.5p Option 1. All the PI's watching the RNS for Invesco holding to fall below 3% miss out. Option 2. Same outcome as option 1. Option 3. Same outcome as option 1. I'm guessing option 2. with caveat that I think Invesco will only sell down to 10% not 0%
Real Estate Investors share price data is direct from the London Stock Exchange
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