Regional Reit Share Discussion Threads

[a0002577] 17/5/2019 09:07

The most sensible way to raise new money is via a "C" share issue. The two classes can then be merged at a later date. But why would any one buy into it?

[spectoacc] 17/5/2019 08:58

Jury's out for me on the little I've got left - but agree with @Sky that it's annoying if/when co's dilute, even if only slightly, since the suspicion is always "getting larger to get more 1.25% management fee".

[redhill9] 17/5/2019 08:53

Skyship, I see this announcement as positive. They're talking about a "pipeline of opportunities" and using the funds to add shareholder value so presumably they know precisely what they are going to use it for. It's not as though they're raising cash because they're in trouble.

[rimau1] 17/5/2019 08:07

Flagging a possible equity raise means its very likely to be at a small premium otherwise you keep quiet. Transaction and funding to be announced alongside results next week?

[skyship] 17/5/2019 08:07

Well, personally I've decided to sell 2/3rds of mine on that announcement - they obviously intend to place at an NAV discount; otherwise they would have said to the contrary. I hate dilution!

[nimbo1] 17/5/2019 07:58

I think around 109/110 should be expected!

[spectoacc] 17/5/2019 07:49

DIGS is a very different beast. Wish ESP would trade like DIGS!

[killing_time] 17/5/2019 07:45

Also DIGS are raiseing money above the current share price Intresting to see if they hit there target.
Depends if there are large buyers wanting to get in.

[spectoacc] 17/5/2019 07:40

NAV c.115p, I'd be surprised if they got one away there. Also depends if an Open Offer element. Jury's out, can't blame them for taking advantage of recent share price rise I guess.

[nimbo1] 17/5/2019 07:11

I would take the example of the recent WHR fundraise which was basically done at the most recent NAV figure...

The directors hold significant stock as well so I doubt it will be done at much of a discount to nav given the track record and apparently booming end markets.

[spectoacc] 17/5/2019 07:07

Where do we think NAV is at? Still under it here - depends on dilution for me.

[skinny] 17/5/2019 07:01

Hmmmm - .

Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, announces that it is considering an equity fundraise to take advantage of its growing near-term pipeline of opportunities in the investment market. The funds would be deployed in line with its investment policy with a view to delivering further value to its shareholders.

Any such equity fundraise is expected to follow the publication of a prospectus, with further announcements to follow in due course.

[clausentum] 16/5/2019 14:44

1 week until trading update on 23rd.

[frederickbloggs] 16/5/2019 14:15

110p A nice, well rounded kind of price. Is the discount to NAV about to evaporate?

[hpcg] 15/5/2019 13:21

Very nice chart, though somewhat exaggerated by the narrowness of the range. More instructive is to overlay some indices - it is handsomely outperforming FTSE250 and has matched NAS100 since October last year. Indeed on an annual, 2019, and 3 month basis it is just beating the latter. This is ignoring currency changes, and of course the respective coupons, where RGL easily trumps QQQ. Still plenty of value for buyers.

[nimbo1] 15/5/2019 11:09

Possibly fair to say there has never been such a disconnect between the price of growth assets versus the price of real worlds assets that pay decent income imo. I like both and am always chasing high growth but gradually feeling less and less comfortable buying anything too racy.

[18bt] 15/5/2019 07:11

Some nice income and good tenants in that lot

[skinny] 15/5/2019 07:04

.

Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces new successful lettings, which includes four new tenants:

Odeon, Kings Court, Dundee: A new 10 year tenancy extension agreement has been secured by Regional REIT with the longstanding tenant, Odeon, at a rent of £737,600 per annum which extends the lease expiry to 2035. Under the agreement, Odeon will undertake a full refurbishment to the new Odeon Luxe format for which Regional REIT will make a significant capital contribution.

Juniper Park, Basildon: The largest industrial unit within Juniper Park has been re-let for five years to longstanding tenant Schenker Limited. Unit 3B, which totals 74,189 sq. ft. of warehousing space has been secured for a headline rent of £463,681 per annum. In addition, the office space, comprising the Ground Floor of Mayne House and Juniper Place front and rear totalling 12,851 sq. ft., has been secured for a headline rent of £182,265 per annum.

Arena Point, Leeds: The Secretary of State for Housing, Communities and Local Government has taken occupation over the fourth and fifth floors amounting to 8,134 sq. ft. on a flexible leasing basis.

Welcoming four new tenants:

Solihull Parkway, Birmingham Business Park: 1760 Solihull Parkway has been leased in its entirety to Open Study College Limited, totalling 4,464 sq. ft.. They have signed a 10 year lease at a rent of £87,048 per annum. The letting immediately follows the completion of the recent full refurbishment of the building which was managed by the asset manager.

Bear Brook Office Park, Aylesbury: Product Compliance Specialists Limited has agreed a 10 year lease over Suite B, Ground Floor, Building 2, Bear Brook Office Park (5,118 sq. ft.) at a rent of £87,006 per annum. Building 2, 61,385 sq. ft. was refurbished in 2018 and the completion of this letting leaves only one suite available within the building.

Doges, Templeton on the Green, Glasgow: Leading Scottish charity, Cornerstone Community Care, has agreed a new 10 year lease on the top floor of this iconic Glasgow landmark office building looking across The Peoples Palace and Glasgow Green. The agreement will see Regional REIT fit out the last remaining shell space for Cornerstone who have agreed to pay a rent of £73,000 per annum.

Trident Retail Park, Birmingham: S&T Audio, the UK's largest award winning musical instrument retailer, has agreed a 15 year lease over Unit 4, 8,000 sq. ft., at rent of £69,000 per annum.

Stephen Inglis, Chief Executive Officer of London & Scottish Property Investment Management1, commented:

"Securing further lettings to long-term tenants and welcoming new tenants to our properties is testament to the quality of our portfolio. Our flexible approach and active asset management continues to ensure we attract and secure high quality established businesses from a diverse range of industries."

[spectoacc] 15/5/2019 06:41

And still some way short of NAV.

[mridyard] 15/5/2019 05:29

Good to see the share price at this level, only 5 months ago you could pick it up for 90p. share price up 20% plus dividends nice return.

[skinny] 14/5/2019 09:42

A 2+ year high @109.40p.

[rcturner2] 13/5/2019 10:40

You can tell the relative size of the different UK regions by the number of MEPs they elect. Scotland has 6, South East where I live has 10.

[fenners66] 13/5/2019 10:27

Take Scottish MP's away from Westminster and what does the picture look like ?

England subsidises that Scots anyway and I don't like their midges....

[ramellous] 10/5/2019 18:00

Video Interview with RGL ceo Stephen Inglis discussing last results.



He reckons RGL is undervalued to nav as nav is way too low in his opinion.

[a0002577] 06/5/2019 13:07

Chucko1 - you said "I think we are better off with the Scots. I know they are better off with us"

In monetary terms that is probably true - in terms of opposition to current government that is a matter of judgement cos I believe they voted remain

"In the Brexit referendum, Scotland voted in favor of the U.K staying in the EU by 62 percent to 38 percent. Sturgeon had said after that vote that Scotland had delivered a “strong, unequivocal vote” to remain in the EU." ex Google