Regional Reit Share Discussion Threads

[skinny] 09/2/2020 13:37

Yes that's correct.

[starpukka] 09/2/2020 13:33

Thank you Skinny. So you have never paid anything other than normal purchase commission ?

[skinny] 09/2/2020 13:23

I'm not sure what the 3% annual charge is all about - just a normal share purchase.

[starpukka] 09/2/2020 13:13

How have people bought these ? I can get a quote on my Jarvis XO trading account but they are stipulating 3% annual charges. Is this typical, as it seems excessive. Any help would be most appreciated.

[clausentum] 08/2/2020 15:56

I am hoping for 1.95x3 + 2.60 = 8.45 next year! And that would still give us 7% with a share price of 1.20p.

[skyship] 08/2/2020 15:34

I assume the last dividend will be 2.55p to take us up to the f/c total of 8.25p

[a0002577] 08/2/2020 14:58

Quote : 27 Feb 2020 Q4 2019 Dividend Declaration

and the last dividend of the year is usually the largest.

[clausentum] 07/2/2020 18:56

27 Feb 2020 Q4 2019 Dividend Declaration
26 Mar 2020 Full year 2019 Preliminary Results Announcement

[spob] 07/2/2020 13:42

sold all mine today

up 17% in a few months with the last dividend

can always buy again in the future

[ramellous] 07/2/2020 10:27

Buying here locks in a 7% yield. For long term income it’s great. Does it matter about a nav premium if you want that yield for retirement income? If you aren’t trading them it’s a solid buy. Plenty other propcos trade at premium with lower yield.

[panshanger1] 06/2/2020 17:29

New all time high though !!Long term holder here and still yielding 7% after substantial cap gain

[redhill9] 06/2/2020 11:47

Yes I can understand that view. Arguably a lot of the recent capital gain has been RGL catching-up with where it more realistically should be, but there is a case for thinking it's gone too far. I've sold around half of my holding over the last week or two as although the dividend yield is still 7% I'm thinking it might be a situation for sell now and buy back later.

[clausentum] 06/2/2020 09:47

Shares such as RGL and SHED have had a significant bounce in the last 3 months. Is this just a change in share investor sentiment, or has there been a similar rise in the values of the underlying properties? We will have to wait for the next NAVs to know. I am still holding, for the dividend, but increasingly aware that a correction of 5% in the share price could easily offset the next year's dividend. I certainly would not be buying at the current share price without knowledge of a supporting NAV.

[redhill9] 30/1/2020 14:26

Yes, I'm still holding a moderate number for the dividend but I suspect the potential for capital gain is no longer an incentive to hold.

The recent steady increase in the share price does seem to suggest one or more investors are keen to accumulate.

[skyship] 30/1/2020 12:24

Never wrong to take a profit. I too top-sliced back at c115p, actually sold 50%, as I had gone way over my usual allocation limit. Will hold the rest...

[redhill9] 30/1/2020 12:13

Just sold a few at 117.4p to top slice as my holding was getting too large for my own portfolio rules and I'm beginning to think the upside is much more limited now. No doubt I'll be proved wrong!

[skyship] 29/1/2020 11:37

Incidentally, don't believe HL or Morningstar stats. Last week HL had CREI NAV as 102.4p versus the CREI official stat today @ 104.4p!

[redhill9] 29/1/2020 11:30

Yes, not accurate working out NAV per share from available figures. I would have thought not too difficult for RGL (or unreasonable for us to expect them) to have published it now as crucial measure for shareholders?

[skyship] 29/1/2020 11:12

Net Current assets inc. cash! Need to wait for the Prelims.

[skinny] 29/1/2020 10:26

Also from HL.

[jgh03] 29/1/2020 10:18

The update says that the portfolio valuation was £787.9m and that the net loan-to-value ratio was c.38.9%. That would mean loans total £306.49m, so NAV would be £481.41m.

The last RNS to talk about total voting rights (31.7.19) said that there were 431,506,583 shares. So NAV per share would be 111.56p. Or have I missed something ? That figure is not far away from the estimated figure of 108.6p shown on HL's website.

[skyship] 29/1/2020 10:15

redhill - the Update surprised me as much earlier than last year (18th Feb.). The NAV comes with the Prelims at the end of March.

Naturally the discount falls as the share price rises. IMO we are likely trading at the full NAV level - see my estimate in 1622 above.

The yield @ 7.17% remains attractive however; and I expect further valuation increases as the portfolio positioning appears to be very astute; and, as ever, their active management remains productive.

[redhill9] 29/1/2020 09:11

Is it unreasonable to have expected a NAV per share figure in that update? Lots about portfolio performance over the year but NAV per share is rather important. At the current share price the discount must have reduced significantly.

[ramellous] 29/1/2020 07:10

Nice. Just need a divi increase now.

[ramellous] 28/1/2020 13:18

Crei rns today had an increase in Nav in industrial and office.. looks like it’s boosted here.

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