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RDI Rdi Reit P.l.c.

121.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rdi Reit P.l.c. LSE:RDI London Ordinary Share IM00BH3JLY32 ORD 40P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 121.20 121.20 121.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Rdi Reit P.l.c Share Discussion Threads

Showing 26 to 50 of 425 messages
Chat Pages: Latest  5  4  3  2  1
DateSubjectAuthorDiscuss
18/10/2012
06:46
danny seems to have the same view, since our posts clashed!

I might be a buyer at 30p, dunno.

jonwig
18/10/2012
06:43
Thanks jonwig, wasn't sure if this news was significantly new or not.
flashheart
18/10/2012
06:42
i guess were trying to settle the debt at a nice discount, in a position of strength with the recent cash raising and with no recourse the lender wont want us to walk away, will they!
danny500
18/10/2012
06:41
flashheart - I sold on the open offer details so didn't pay much attention.

However, the non-recourse nature means that RDI has advantage over the lenders so the standstill is probably an expected result. I wouldn't expect any significant impact on the share price

jonwig
18/10/2012
06:33
Any thoughts anyone on this mornings RNS?
flashheart
24/9/2012
14:57
MM's trying to hold share price up - else when it goes XD for 2.3p on Wed the share price will be periously close to the OO price.
eeza
13/9/2012
17:44
Piece posted on CoStar Finance 13 Sept:

Redefine secures 80% of £127.5m rights issue as Gamma CMBS restructuring still lingers

Redefine International has finally launched its long-trailed rights issue this morning seeking to raise £127.5m, the net proceeds of which will reduce the debt while £57.4m is earmarked for opportunistic investments in London hotels sector and the German discount retail market.

dendria
13/9/2012
13:33
H1 - I sold part of my holding @ 30.5p and intend taking up together with application for more.
That way I won't have to find too much money, and might end up holding the same or more shares at lower cost.
Since the record date was 08:00 today I should get full holding allocation unless I've misread something.

Also, I shouldn't be more diluted than would have been - maybe less. The situation depends on take-up of the surplus.

jonwig
13/9/2012
13:03
Investors Chronicle has kept its buy rating today.

I think the combining of the two companies should not only save expense but bring in a wider pool of investors, increase liquidity and narrow the discount.

Unfortunately I am going to have to sell something to take up this offer and this is my only current loser. Still better no choice than lots of choice in that department!

hieronymous1
13/9/2012
07:04
Now this is new to me (but then I'm new to RDI!) and potentially very significant:

The Company remains committed to simplifying its corporate structure and continues to explore ways in which it could eliminate the separate listings and corporate structures of Redefine and Redefine Properties International on the London Stock Exchange and JSE respectively. It is the Company's ultimate intention to create a single vehicle with a primary listing on the London Stock Exchange.

The opening markdown to 32p is above fair value - room for some weak sellers to appear?

jonwig
13/9/2012
06:23
Placing and Open Offer ...

9 for 13 at 26p followed by consolidation 0.9 for 1.
Ex-date today, deadline for application 4 Oct.
Dealings begin 9 Oct.
If only entitlement taken up, slight dilution of holding as a result.

Opening price this morning 29-30p on a 'fair' basis.

jonwig
05/9/2012
06:00
They must have been, danny.
They could, of course, have been two sides of one transaction.

jonwig
04/9/2012
19:42
any one else notice the large late reported trades? 2x 1/2 mill and a 1 mill, price of 29p, where these from days ago? certainly lots of buying pressure and a nice rising price of late, would suggest so , any other views?
danny500
04/9/2012
14:42
They said, 20/07:

On 24 May 2012 the interim dividend of 2.10 pence per share was paid to all shareholders on the register as at 11 May 2012. The Company fully expects to meet its previous forecast of a total dividend for the current financial year of 4.4 pence per share.

Which is pretty definitive, and all they can say, of course!

PS - share price pretty encouraging - buyers will have made a judgement!

jonwig
04/9/2012
14:10
jonwig.. yes, I guess you are right on the dividend, but presumably they would have to make a statement of some sort on this during the equity raising.
pejaten
04/9/2012
14:10
jonwig.. yes, I guess you are right on the dividend, but presumably they would have to make a statement of some sort on this during the equity raising.
pejaten
04/9/2012
13:26
Pejaten - thanks - I must admit that's a document not in my library!

So, if implemented, no equity dilution of assets.
But fundraising spreads rental income over a wider equity base whilst reducing debt interest costs.
I suspect the dividend will be reduced (sorry - 'rebased').
That won't worry me overmuch, as the existing yield is supported by hot air from the gearing.

jonwig
04/9/2012
13:19
The merger document gave a commitment that any fund raising would be on "fully preemptive basis at a tight discount the prevailing mid market price of an issued ordinary share on the last trading day before the implementation of capital raising.
pejaten
04/9/2012
11:50
NAV is 47p (EPRA basis) so at 32.5p that's a discount of 30%.

With successful fundraising and decent remaining debt restructured, that looks too wide.
A 20% discount would mean a share price of 38p but I'm assuming terms of the fundraising have no dilutive effect on ordinary shareholders.

The next thing I'm looking out for is a roughly maintained dividend of about 4p. But I doubt that will be possible, as the rental income won't increase with the equity.

jonwig
28/8/2012
06:25
Cerrito, I suppose WICH at 137p was before 'le Crunch'?
Whilst you won't see that in a hurry, this ought to rise further, assuming the various debt renegotiations and fundraising are negotiated successfully.

jonwig
27/8/2012
17:21
Thanks Jonwig for setting up this thread.This has been one of my bigger mistakes having bought WICH at 137p though have bought some at lower prices.
cerrito
23/8/2012
13:18
Brief comment on FY results of Cromewll Property (Aus REIT, RDI has 23% stake).
Includes increased guidance on next year distribution of 7.25c (from 7.0c).



Cromwell's share price is up about 9% since the end of June.

All good stuff for bolstering RDI.

jonwig
14/8/2012
21:46
Bounce is on
kopkidie
14/8/2012
07:10
Rooky - it may have bottomed and be inching upwards. Anyway, I bought a very few this morning.
jonwig
13/8/2012
21:50
For those, like myself, who find a diagram useful,see



and click on 'Group Structure', to see who holds what (needs Powerpoint viewer)

I got here via the takeover of Wichford, and am hanging on hoping to discover why the share price keeps dropping!

rooky4
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