Regional Reit Share Discussion Threads

[badtime] 19/12/2018 11:59

In the meantime the share price is looking a tad sick

[skyship] 19/12/2018 11:33

CWA/Specto... Agree 100%

[spectoacc] 19/12/2018 09:00

I'm with @CWA1 - Brexit is relevant to RGL's future performance, but the Remain/Leave debate isn't.

[cwa1] 19/12/2018 08:37

Polite request: any chance we can keep it on topic here? There are shedloads of other places to discuss Brexit. It always seems to degenerate quickly whatever side you are on, so probably best to leave it to the myriad other more legitimate discussion outlets. Cheers.

[belgraviaboy] 19/12/2018 08:35

I am a knuckle-dragger

[eeza] 19/12/2018 08:34

It's called arrogance.

[rcturner2] 19/12/2018 08:31

So many remain voters cannot help themselves. They are the clever ones and the other side is stupid. Firstly, this is not likely to help in the debate or support the quality of the remain side but secondly this is a very dangerous attitude to have in a democracy, because you are saying that some people's vote is not worth as much as yours.

[fenners66] 19/12/2018 08:20

2 million more than the other view - obviously too complicated for you , have you got new gloves?

[orinocor] 19/12/2018 07:58

Blame the knuckle-draggers that voted for Brexit. It's going to get much worse.
How can 17 million votes out of a population of 60 million be a majority?

[skyship] 17/12/2018 11:23

Actually LTV exceptionally down to 37.1% after the flurry of sales in Q3. They'll be reinvesting some of that cash, but going forward likely now to be around the 40% level:

From the November TU:
- Net loan-to-value ratio c. 37.1% (31 December 2017: 45.0%). Gross borrowings GBP360.3m; cash and cash equivalent balances GBP92.0m. Cost of debt (including hedging) of 3.9% pa (31 December 2017: 3.7% pa), and 3.4% excluding the ZDP shares (31 December 2017: 3.5%). The ZDP shares are scheduled for repayment on the 9 January 2019.

[mridyard] 17/12/2018 11:04

There are a number of opportunities now in the REIT sector, some better than others. For me RGL seems to be in a good place. Good cash generation from operations more than covers financial costs and dividend payments. Only 8.3% of gross rental receipts from retail tenants, so not too exposed to CVAs. Discount to NAV -17%. Net borrowing down to 41.2%.Although my average by share price is 101p still in profit when taking into account the dividends received and declared. Nevertheless I think share price will be depressed for some time yet, but for now I will be a holder.

[a0002577] 17/12/2018 10:43

But so very true. We elect them as our representatives not to fulfill our wishes - that would be impossible. I wish for REITs to fall in price so I can buy more - others wish the share price would rise to make them feel good - so what does the poor old MP do? Anyway there are better threads to discuss this.

[mridyard] 17/12/2018 07:33

Very funny

[rcturner2] 17/12/2018 07:09

Maybe a competency requirement could be whether they know how to use an apostrophe?

[skyship] 15/12/2018 14:43

mridyard. Agreed throughout.

It is appalling that those Remainer MPs are defying the stated will of their electorate. MPs think they know better, so ignore their thick, uneducated voters who directed them into parliament - 51.9% v. 48.1%; and an estimated 64% of all constituencies!

The whole concept of Parliament is that the MPs are sent their to fulfil the wishes of their electorate - instead what we see is what I consider to be widespread treason!

[eeza] 15/12/2018 10:36

What politicians say they will do whilst in opposition is entirely different to what they do once in power.
Kill the golden goose, and there are no golden eggs.

[mridyard] 15/12/2018 09:35

This is one of my largest holdings. I also hold the 4.5% bonds. I see Brexit as a buying opportunity caused by the incompetence in Westminster. The UK actually hold the advantage when it comes to trade with the EU. The UK trade deficit on goods is £95b, which reduces to £67b taking into account financial services. If we look at just one sector which has been discussed in the media. The UK imports £47.8b of road vehicles from the EU and exports £18.3b. It's hard to see how our car industry would suffer in a hostile environment. In terms of real net contributions to the EU we pay £8.5b. This will be sadly missed as it's used to help poorer EU countries. I would estimate 90% of politicians are remainers and have done everything they could to frustrate the leaving process. So as many respected fund managers have recently said, treat Brexit as noise and carry on investment in the UK which will continue to prosper long term imo. JC getting in power is a different matter but that's discussion is for another day.

[stewart64] 13/12/2018 08:44

Still a holder here, but someone made the point Regional Reit maybe cheap but no longer relatively so. Some of the domestic shares are lower than they have ever been compared to fundamentals on hard Brexit fears. You can pick up life assurance stocks up at a forward price to earnings of 6 and have bigger discount to books than Regional. If you aren't fussed about assets cover you can pick up builders with a dividend of 13% and in the case of TW no debt or phoney goodwill, they have over a year's dividend in the bank already too. So RR suffering on comparatives I guess.

[spittingbarrel] 11/12/2018 16:13

Looks like it's testing support just below 94.

[essentialinvestor] 11/12/2018 10:59

AO, like much of Warren's folksy wisdom, it's a hell of a lot easier
to apply when you are a financial genius!, Just saying.

[a0002577] 11/12/2018 10:52

Buffett On Greed
“And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful” – 2004 Annual Shareholder Letter.

Seems to me that now is the time to be greedy - and not just with RGL.

I can never time the bottom nor the top but I am happy if I buy and sell somewhere near the peak and trough.

[cc2014] 10/12/2018 21:56

tbh Skyship if you are in the mood for buying there's lots of stocks looking cheap.

The thing is they are getting cheaper every day...

Maybe the Dow rising tonight will help

[skyship] 10/12/2018 21:13

Back too late to take advantage - 94p!!! Absurd surely...