Regional Reit Share Discussion Threads

[dragonsteeth] 25/6/2019 14:24

From Prospectus , Target dividend for 2019 is 8.25p so 7.75% against 106.5p share price., about 2.5% increase from 2018.

[bathcoup] 25/6/2019 12:28

According to morningstar.co.uk
Ongoing Charge = 4.25% (2018), which is quite steep!

[cwa1] 24/6/2019 16:29

One of the intermediaries is iDealing FWIW.

[hpcg] 24/6/2019 16:25

The first step is to attempt to raise from qualified investors at above NAV, the second ditto at above the share price. If no bites then the appropriate thing to do is to respect pre-emption rights as they have done.

[skyship] 24/6/2019 16:08

There will be a prospectus issued later today - will explain all...

EDIT - Ahh - prospectus on the website but access difficult - now I understand! Sorry...DOH!

[alter ego] 24/6/2019 16:03

i've emailed Investor Relations. Hopefully someone will read it.

[skinny] 24/6/2019 15:59

Corrected!

I ended up leaving the default country and was then asked to confirm my dialling code and thence the above page.

[alter ego] 24/6/2019 15:58

ah, now I see it, Thanks

[hammonkp] 24/6/2019 15:57

I have the same problem - it appears the browser is not capturing the county of residence in the session and as such cannot get past that page. (tried both Edge and Chrome)

[alter ego] 24/6/2019 15:57

below "Here is the contents", all I see is a blue square with a question mark

[skinny] 24/6/2019 15:55

There is a glitch, but you can get past it.

Here is a screenshot :-

[alter ego] 24/6/2019 15:51

Thanks skinny but that is the page I can't get past. I change Afghanistan to UK but it doesn't continue. Have you tried it?

[alter ego] 24/6/2019 15:37

anyone know a contact phone or email for RGL? I've tried on their web site in Safari and Chrome but can't get past the requirement to state my country of residence. It ignores whatever I put in na goes back to asking the question again.

[chucko1] 24/6/2019 15:22

The 2% is divided over 9x the equity, so is merely 0.22% of the overall equity. The perceived benefits are far greater than this. Chill.

[mridyard] 24/6/2019 14:52

Hi Skyship I agree with your figures and what I am saying is if the funding raising was completed at 115.5p and not 106.5p I would be happy for just professional investors to be included. i.e no dilution to PIs.

[rcturner2] 24/6/2019 14:51

Usually you get a notification from your broker which you then respond to. If you are taking up rights then you will need cash in your account on a specific date.

[uapatel] 24/6/2019 14:51

I have emailed my broker as my shares are in a nominee account for taking part in Open Offer. They sorted it out for the last time RGL made an open offer, same format 1:8 ratio.

Assuming Skyships 2% for the fees for the Open Offer, seems to me that's fair as a one off charge compared to say 3.5% on a further loan of £50M payable over X number of years. But someone else maybe be able to give a better view on the pro' and con's of the Offer.

[cfro] 24/6/2019 13:59

I was trying to think of the last time i actually participated in an open offer for any company, and it must have been years ago.
I can't remember what the correct procedure is. Would appreciate if anyone knows?

[skyship] 24/6/2019 13:55

mridyard - the NAV is/was c115.5p. The issue is at 106.5p, so not at NAV. The issue will slightly dilute our underlying NAV.

You may have misread my post, as the 2% I was referring too is an estimate of the total costs of the issue.

[mridyard] 24/6/2019 10:39

Skyship discount to NAV is more than 2%. If the funds are raised at NAV I am happy for professional investors to raise funds exclusively.

[stewart64] 24/6/2019 09:59

106.5 will come as a relief to shareholders, would have expected the sub ipo at around 104 and another couple of percent off the share price this morning. Also going for a small ipo relative to size.

Still a risk this could fall to 106.5 on such a tight margin, it fell to the offer last time at 101p.

[dragonsteeth] 24/6/2019 09:50

Not a substantial bargain for existing holders, but equally it means no dilution in share price and I too had a thought about why not go straight to professional investors to raise the money. On first glance I am likely to go for the 1: 8 offering , treating it as a nice top up. It will be interesting to see if it is oversubscribed and if so they elect to raise £100mill .