Regional Reit Share Discussion Threads

[rcturner2] 28/3/2019 07:34

I think 105p is about the right price for this, at a 10% discount to the NAV.

[nimbo1] 28/3/2019 07:25

excellent results - should take this to 110p but wtfdik

[skyship] 28/3/2019 07:21

dendria - yes, sold EPIC as discount/yield combination doesn't match up to substitute AEWU.

nimbo - yes, HCFT is rather illiquid, but view it as a secure long-term investment.

Initial thoughts on today's Finals: RGL NAV as at 31st Dec'18 = 115.5p. Like the debt cost @ 3.5% and maturity @ 7.1yrs.

[dendria] 27/3/2019 18:46

SKYSHIP - if you don't mind me asking, have you sold EPIC? I've bought AEWU recently & was looking at EPIC. Already have RGL.

[nimbo1] 27/3/2019 17:40

Interesting, thanks Skyship. I wouldn't buy Highcroft because its too illiquid. I own AEWU, Regional Reit and WHR. These high yields and large discounts don't appear to be value traps...because the capital values of the properties haven't gone up much in the first place - but reading all the deals prints etc it seems rents have been. Making it a very nice opportunity to buy when the discounts present.

[skyship] 27/3/2019 16:06

I'm looking forward to the Presentation document. RGL does that really well; always packed full with relevant information.

It will be interesting to see whether they managed any NAV growth in H2'18 - because of Brexit the overall market has stalled in Q4'18 & Q1'19.

Nimbo - I have just recently bought into AEWU - that 8.9% yield totally irresistible.

I now hold AEWU, HCFT, RGL & RLE for an average unweighted yield of 7.3% and an average unweighted discount of 16.9%.

HCFT made a pretty extraordinary acquisition yesterday, buying a modern engineering facility on an 11.5% yield!

[nimbo1] 27/3/2019 13:59

im looking forward to the results tomorrow and the commentary - I have a full holding here but could be a buy signal for me on some other unloved reits such as aewu. Albeit different sectors in the main.

[skyship] 17/3/2019 16:24

Looks as though the December sell-off was pretty universal; just hit propcos more than other sectors perhaps:


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[redhill9] 15/3/2019 14:16

Skyship, yes I remember but can offer no clue to the reason other than as others have suggested it wasn't just RGL showing a trend downwards. Sp went from 102p late October to 90p in December and is now back to 102p (plus an interim and final dividend en route).

At the time of the downturn in the share price I assumed that it was a knock-on effect of the CIC position being unwound, but that was just in the absence of knowing anything different. Operational announcement since before the down-dip have all been reasonably encouraging.

Anyway, I took advantage by buying a number of tranches in the mid to upper 90s and now have far more than I'd intended a few months ago, but am not unhappy to continue holding. Current yield still looks attractive for a solid income/growth stock.

[skyship] 15/3/2019 13:38

ramellous - seems as though fair comment - many others suffered the same selling:


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[rcturner2] 15/3/2019 13:09

The company has no control though in that regard. They can only put in an RNS what they are notified by the shareholder who is selling.

[a0002577] 15/3/2019 12:56

I agree, Sky ship : would that every large institution had to do what JLEN had to do in an RNS of 8th March which inculded this :

"John Laing Environmental Assets Group Limited ("JLEN" or the "Company") today announces that it has received notification from The John Laing Pension Trust Ltd ("JLPT") of its intention to sell up to 21,982,157 ordinary shares (the "JLPT Shares"), being JLPT's entire holding in JLEN (the "Transaction").

The JLPT Shares are being made available to investors through a bookbuilding process being co-ordinated by Winterflood which will be launched immediately following this Announcement."

At the very least there should be a clear statement in an RNS of shareholding changes. Someties they are anounced but finding the detail is made tedious by the size of the document and extraneous detail.

Far better a simple RNS stating "XYZ investments has sold xxx shares and has reduced its holding from 7.5% to 6%" or whatever.

[ramellous] 15/3/2019 11:55

SLI, SHED and TRY amongst others had the same drop at the same time too. Looks like they were following a general market drop.

[holts] 14/3/2019 12:46

Thanks , no its not helpful , in fairness to selftrade they have credit the gross divi without being prompted from the off .

[dragonsteeth] 14/3/2019 09:40

Holts, yes that’s correct, 0.0148 received in December and reinvested into shares 27/12; 0.0037 tax credit received 18/02/19 and sitting in my cash section of ISA not reinvested. II doesn’t make it easy to see where these things go but it appears I’m in line with others.

[solarno lopez] 14/3/2019 09:01

Mine was credited as .0185

[holts] 14/3/2019 08:43

Dragon ,

So in your isa you received .0148 pence per share , with the .0037 tax paid back to you later , is that correct ?

[dragonsteeth] 13/3/2019 17:55

In my II ISA they reinvested the divi received in December but as the tax bit was 6 weeks later that remained as cash , a bit annoying making it more difficult to track total returns.

[nimbo1] 13/3/2019 17:16

Impressive uncrossing trade if that’s where it starts trading tomorrow.

[holts] 10/3/2019 20:12

Thanks all Got the .0185 , just was not certain if there was a claim to make on top , or that was it , I should have added it was in an Isa so I have presumed its automatically paid gross .

[eeza] 10/3/2019 19:02

The tax is reclaimed by your broker and paid into your account after approx 6-8weeks. I have ISA with Sharecentre & ii, and that is the case with both. Can't see why a SIPP should be treated any differently, other than naked greed on the part of the broker.

[ramellous] 10/3/2019 18:36

This means my next months 2.5p divi will be taxed and not reclaimed back to me until Oct 2020. Disgraceful of ii but I suppose you get what you pay for.