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 1.37% 37.00 296,989 14:34:22
Bid Price Offer Price High Price Low Price Open Price
36.00 38.00 37.00 36.25 36.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 15.64 8.40 4.45 8.3 69
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:34 O 20,035 36.50 GBX

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Date Time Title Posts
14/4/202118:08Real Estate Investors1,620
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 36.50p.
Real Estate Investors Plc has a 4 week average price of 32.50p and a 12 week average price of 31.30p.
The 1 year high share price is 44p 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 288,097 shares. The market capitalisation of Real Estate Investors Plc is £68,975,621.26.
jm barrie100: hillofwad - you do seem obsessed with RLE, just checked your last 30 posts, all on RLE. Ex-employee, ex-shareholder, estate agent who gets no business from RLE?
nickrl: RLE have agreed new financing so banks have faith in them The Company's £51 million RBS term loan facilities, due to expire in February 2021 (£41 million) and August 2023 (£10 million), have been renewed with National Westminster Bank plc (following its merger with RBS) for a further 3 years at 2.25% above LIBOR, with expiry of this facility due in March 2024, secured on a portfolio of the Group's properties. The average cost of debt across the Group remains at 3.4%. Finals 30th March hopefully will have a presentation and online Q&A for our entertainment.
spectoacc: Agree with @chucko1 in that everything has a price. But agree with hillofwad, having had dealings with Bond Wolfe. Is RLE run for shareholders, or for Bassi & co? He gets a hell of a wage out of it, and certainly don't get the impression RLE gets the preferential deals. Talking about Skodas & Ferraris, was in Bassi territory a long time ago staying at a hotel where the Midlands Ferrari club appeared to be meeting. Only it wasn't Ferraris, it was assorted MR2's with the Toyota badges replaced with the prancing horse.
hillofwad: The best they can do is flog off a couple of these assets for a small profit on book and flag up those % increases on BV and hopefully this fairly dust wlll wash over the white elephants sitting in the folio where the loss in value will go largely unnoticed as they will not exposed to the market They are going to have to do this to get a warchest There is never any bad news at RLE only opportunities presenting Hopefully new investors like Chuck will spot this "value" opportunity and that might move the share price up a bit Certainly that is a strong possibility
chucko1: So, for the open-minded investor, RLE have a mixture of things ranging from good to ugly. Trading at a 40% discount which is larger than almost everything I can think of in this sector. I sold RLE for SREI a few months back - a good move. I am beginning to switch a few back (not many) and reentered the fray at just over 31.5p. Cold economic analysis over groupthink.
hillofwad: "Meaning it's already in the price or the market is ignoring risk." The share price seems to have stabilised since the share buyback but the reality is the only piece of "good news" is that they have got the Aldi away at Bearwood at a decent price . However the completion date isn't until the autumn All the bad news yet to appear in open daylight which I don't think is fully factored in .The big losses in rents at Oldbury& W Brom wont appear until Q2 RLE work best l making opportunistic buys when the chips are down in the market but unless they jettison some more stock have a limited pot to play with especaily as they have chosen to buy shares in CAR PARKING RLE have switched their car park operater and it looks as if RLE retain all the risks of income . I maybe wrong hxxp://
cc2014: I perceive the challenge in this sector is that share prices for the second line stocks have stopped responding to bad news. Meaning it's already in the price or the market is ignoring risk.
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.
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: 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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