Regional Reit Share Discussion Threads

[skyship] 29/7/2019 13:59

nimbo - no, that was when the whole market tanked in Q4. Market now soaring on increasingly low £...

[nimbo1] 29/7/2019 13:22

Surprised this is holding up so well - went to 90p on no deal Brexit which is exactly what seems to now be happening.

[cfro] 19/7/2019 08:29

yes, very pleasing but not surprised they managed to raise above what they asked.

[dendria] 19/7/2019 07:37

Also 'Applications under the Open Offer (including excess applications) and the Offer for Subscription will all be met in full.'

[spectoacc] 19/7/2019 07:28

£62m, very surprised by that, go RGL!

[cwa1] 19/7/2019 07:09

Slightly above the planned £50M, all share applications to be satisfied:-

Stephen Inglis, Chief Executive Officer of London & Scottish Property Investment Management Limited, the Asset Manager, commented:

"We are pleased to announce another successful equity capital raise, in excess of our targeted fundraising size, supporting our next period of growth, and are delighted by the strong response from new and existing shareholders. With a substantial pipeline of attractive near-term investment opportunities, we look forward to continuing to leverage our expertise to make further attractive investments in regional UK property and sector leading returns for shareholders."

[speedsgh] 17/7/2019 14:01

Forms (Beneficial Owner or Intermediary Owner) for claiming PID payments gross can be downloaded direct from the RGL website.HTTP://www.regionalreit.com/site-services/site-map

[chucko1] 17/7/2019 13:47

@Specto, you would pay anything to HL in order to avoid Barclays. They still owe me thousands in dividends going back more than a year. They outsourced dividends to a third party who withholds on REITs when they should not. Then the lunacy starts.

[spectoacc] 17/7/2019 13:34

HL are great if you ignore the total con of their No Wealth 50, and their in-house funds invested with Woodford. And their charges for holding Unit Trusts.

[alter ego] 17/7/2019 10:42

"ShareSoc" just published a survey of members experience placing Barclays bottom of the heap. HL top 69% satisfaction, AJ Bell second 68% I web 68% third. Barclays scored 38%

[spectoacc] 17/7/2019 10:04

@CWA1 - it got much worse! Barclays stockbrokers are the worst IMO.

[cwa1] 17/7/2019 09:57

FWIW, I left Barclays many years ago as I found the website exceptionally poor(may well have improved though) and found the people there borderline incompetent.

[salchow] 17/7/2019 09:45

Had a debate with the Barclays Stockbrokers a couple of days ago after I realised they had stopped tax from the last dividend to an ISA account although I-Web had paid it gross to another ISA account. They tried to say there was nothing they could do and it could take HMRC six months to pay back the tax. I told them there was probably a form they had failed to fill in to receive the dividend gross!

[2wild] 16/7/2019 19:45

Have Rnl and other REITs in ISAs with Lloyds and Selftrade and always get the full gross dividends on pay day. If your broker can't get this right, would consider changing broker. You may also save on admin and dealing fees.

[cfro] 16/7/2019 15:27

Re the withholding tax; my last dividend was paid 20% less tax hence 1.52p and ive been told my broker will reclaim the tax at a later date as my shares are held in an ISA.

Ive since learned that if you fill in a declaration form you can receive the full amount gross on pay day. So seems to be some confusion around this and i dont think all the brokers really know what to do either.

I need to delve a little deeper as im not sure if this is correct or not.

[skyship] 16/7/2019 15:24

Allowing for £1m costs for the Rights Issue, the NAV here shrinks from 115.5p to 113.90p. No great deal when the yield @ 106.5p = 7.75%.

[cfro] 16/7/2019 11:44

My money has been allocated today out of my account, so i am committed to taking up the open offer. There's little difference between the two prices anyway so not worth worrying about.

[cwa1] 16/7/2019 10:27

Picked up a few at 106, so seems little incentive to take up the new shares through the offer. Hoping it is still decent value tho....

[davr0s] 11/7/2019 19:07

Well unless this steps up in the next few days there is little point taking up the new shares

[minerve 2] 11/7/2019 12:54

The Bank did say, though, that the impact of rising expectations of no-deal was already being seen in "much weaker" levels of investment in markets dependent on foreign investors - for example, commercial property.

In the first quarter of this year, investment in commercial property was less than two-fifths (38%) of average levels in the past two years.

For high-risk corporate borrowing (leveraged loans), it was a less than a fifth of the levels seen in 2017 and 2018. Commercial real estate prices are falling again now.

BBC

[skyship] 07/7/2019 11:22

Minerve - thnx for that KF link - very useful.

I was particularly pleased at this reminder under Birmingham: "The second largest deal was the sale of Norfolk House for £20m to Regional REIT Ltd. The building is part let to HMRC who occupies almost half of the property."

Norfolk House was bought on a 7.92% yield! Of course would have been a very nice turn for the vendor; but IMO also a very attractive buy for RGL.

Yield 7.92% versus debt cost of 3.4%; and no doubt valuation yet again well below replacement cost.

[rick138] 03/7/2019 15:09

I was rather struck by the plans for development in Manchester, for example. It looks like a major expansion which might depress rents although Savill's is predicting a rise. Is this not a boom and bust sector, where there is constrained supply, followed by furious development, followed by slump?

[rick138] 02/7/2019 13:40

@Minerve2 Thanks, very interesting.

[minerve 2] 01/7/2019 18:00

Peruse these guys it would be great to get some feedback. :)

[minerve 2] 01/7/2019 17:45

Knight Frank Regional Office Market Reviews Q1 2019: