Share Name Share Symbol Market Type Share ISIN Share Description
Regional Reit Limited LSE:RGL London Ordinary Share GG00BYV2ZQ34 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 1.22% 83.00 1,238,448 16:35:17
Bid Price Offer Price High Price Low Price Open Price
82.10 82.50 83.40 80.80 82.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 75.94 -31.20 -7.20 358
Last Trade Time Trade Type Trade Size Trade Price Currency
17:25:52 O 23,202 83.00 GBX

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Date Time Title Posts
16/4/202122:32Regional REIT - Targeting High Yields from Regional Property2,656
13/3/202010:24*** Regional Reit ***1

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Regional Reit Daily Update: Regional Reit Limited is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker RGL. The last closing price for Regional Reit was 82p.
Regional Reit Limited has a 4 week average price of 74.40p and a 12 week average price of 72.50p.
The 1 year high share price is 88p while the 1 year low share price is currently 58.30p.
There are currently 431,506,583 shares in issue and the average daily traded volume is 1,495,405 shares. The market capitalisation of Regional Reit Limited is £358,150,463.89.
dartboard1: I think we've looked at these moves as a positive for RGL Kev ... less big London and Manchester HQs and more satalite regional bases.Potentially businesses also recognise this year that productivity ain't what it used to be with younger and untrained workers needing to be in the office... you can keep a business running with wFH ... but not at 100% productivity
gary1966: I estimated between 95-97p but may be too bearish, next week will make things clearer I am sure. Combining the falling NAV with rising LTV and negative sentiment creeping in regarding office space is why I made a decision to just trade RGL occasionally now if I have funds available. GLA
skyship: RGL Finals on the 25th - a week today...
nickrl: Porsche there's certainly much collateral damage still playout across the commercial sector but the huge infusion of liquidity is providing a backstop currently to more significant declines compared to previous crunches. Also the hunt for yield provides a second prop for the sector. Granted the reliability of income streams in certain of the sub sectors ie retail is clearly perilous and there will be a downturn in offices as well. However, what we may see here is a decentralisation from big city centre locations to smaller regional offices which may benefit RGL and others along with govt levelling up policy being directed outside of London although that may lose legs if the London buildings become cheaper. Personally Id rather RGL didn't bail out of its industrials portfolio as I believe that will cause it problems covering the dividend in short to medium term. They also have a number of lease events due over next 12-15mths which could leave them with some big voids. I was looking for 70p but looks like latest downtrend may have been reversed again.
gliderpilot2002: I have written to Investor Relations today.Dear Sir A while ago shareholders were told that the dividend was being cut because the company wished to hold more cash. We were then told that nearly all rent due this year has been collected. Now shareholders are told that the company is thinking of buying back shares. The vision of Regional Reit has always been to generate income for shareholders. It was spectacularly value destructive cutting the dividend which supported the share price, and it is of no benefit whatsoever to private shareholders to have a share buy back. If you issue shares to raise capital when the share price is high as you did in June 2019 and considered doing this year, you are not doing yourself or shareholders any favours. Please reinstate the 2p a share dividend as soon as practical and focus on providing income for shareholders. Would you please forward this email to the Chairman and ask him to acknowledge it. My perspective as a shareholder is that the Board's performance is inadequate. Regards Andy Cobbett
kenmitch: SKYSHIP is a brilliant poster with a long record of finding excellent winning Investment Trusts, and I’ve invested in superb winners thanks to his prompting. But the one thing I have never agreed with is his enthusiasm for Investment Trusts buying back their shares. The share prices will look after themselves if they invest in the right things at the right time and there is no need to spend a lot of money just to try and reduce the discount, and increase NAV artificially. That money can, and in my opinion, should be much better spent on the business itself and not on trying to manipulate the share price. Also I’ve monitored a lot of Trusts buying back and so often the share price does go up a bit while they are buying back but as soon as they stop the discount widens again. So to solve it they buyback again and the same happens again. Trusts currently at massive discounts like the Property REITs will see the discounts narrow a lot when they are eventually back in favour, so that’s another reason imo why they don’t need to spend many £millions buying back. This is a topic those with strong opinions on both sides of the argument will never agree on! What I do accept is that Investment Trust buybacks are not as wasteful as Companies buying back. e.g Whitbread spent the entire proceeds of their sale of their Costa coffee business supposedly “rewardingR21; their investors by spending it and supposedly giving it ALL back to their shareholders with their buybacks. Some reward that was. The share subsequently halved! Their shareholders got no reward at all. Instead they suffered a 50% loss. This is a classic example of a Company throwing away £billions buying back their shares.
cc2014: Who knows whether this is the bottom or not but what I do know is that the way to make money is to buy when the share price looks absolutely dire, when peak pessimism occurs. Maybe that has been and gone, maybe we haven't reached there yet but my sense is that we are hovering around that area. What I also know is that for sure rent negotiations will be difficult for the next year and maybe longer, but also for sure some or all or even too much is already in the share price because the discount to NAV is massive, the cash collection vs the dividend and interest payments are good. It's intriguing times.
skyship: Update: Regional Reit Of all the companies whose share price you would expect to have recovered well from the lows of mid-March, a property trust that focuses on essential industries and has collected about 96pc of rents would be near the top of the list. Yet shares in Regional Reit, which has just those characteristics, are not far from their 55.8p nadir of March 19: they closed last night at 60p. At that price they yield precisely 10pc if the trust pays this year’s remaining two quarterly dividends at the new level it announced when it cut its divi in August. The market seems to be saying that even the new, lower dividend is unsustainable. This column begs to differ. The trust’s rent collection numbers speak for themselves and its dividend should now be fully covered by earnings. Either investors expect the second wave to inflict greater damage, extending even to Regional’s defensive tenants, or they have had their heads turned by more exciting opportunities in, say, American technology stocks. Whatever the reason, Questor sees this as a wonderful opportunity for readers who have spare cash to lock in what amounts to a stratospheric yield – 100 times Bank Rate, no less. Questor says: buy Ticker: RGL Share price at close: 60p
clausentum: A couple of years ago we could buy RGL at 90p, and within 15 months the share price had increased by 30%, I expect it to increase again by 30% in the next 15 months. I am grateful for the problems collecting rents, because it means the share price has fallen and given me the opportunity to repurchase at 55% the February price. Even it remains 25% below the previous peak, there is still room for a 30% capital gain over the short term. And in the meantime the dividend is still worth collecting.
skyship: An extract from my spreadsheet on 16 secondary propcos. # Extracted to show those on 40%+ discounts # AIRE & RGL included because of the great yields # All NAV stats are to Jun'20, exc. MCKS still to Mar'20 EPIC share price ...NAV...Disc...Divi..Yield --------------------------------------------- AIRE 51.00 83.60. 39.00 5.00 9.80 BCPT 67.20 120.70 44.30 3.00 4.46 BREI 52.00 96.60. 46.20 2.50 4.81 EPIC 49.50 90.24. 45.10 4.00 8.08 MCKS 190.00 329.00 42.20 7.20 3.79 RGL 66.00 102.60. 35.70 6.00 9.09 SLI 46.80 79.60.. 41.20 2.86 6.10 SREI 32.85 57.70. 43.10 1.54 4.70 "You pays your money you takes your choice"....but sure looks to be some great value out there, especially those showing good rent collections.
Regional Reit share price data is direct from the London Stock Exchange
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