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Share Name Share Symbol Market Type Share ISIN Share Description
Regional REIT LSE:RGL London Ordinary Share GG00BYV2ZQ34 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.60p +0.64% 94.20p 325,994 14:47:21
Bid Price Offer Price High Price Low Price Open Price
94.00p 94.20p 95.00p 93.50p 93.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 52.35 28.69 9.10 10.4 351.2

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Date Time Title Posts
11/12/201810:59Regional REIT - Targeting High Yields from Regional Property778

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Regional REIT Daily Update: Regional REIT 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 93.60p.
Regional REIT has a 4 week average price of 91.70p and a 12 week average price of 91.70p.
The 1 year high share price is 103.50p while the 1 year low share price is currently 91.70p.
There are currently 372,821,136 shares in issue and the average daily traded volume is 465,647 shares. The market capitalisation of Regional REIT is £351,197,510.11.
skyship: Incidentally, I totally forgot to answer the legitimate concern recently raised by Jombaston re the uncovered dividend and high performance fees. Well, as many here will know, this latter is very well covered in Note 34 of the last Finals – see link herewith: There are a few comments I would make: # Personally I see capital and income as two halves of the same coin. So, if it means that part of the income cover has effectively to be paid from capital gain, then for me that does not pose a concern. Of course it can be stated that in a downturn the NAV will fall; and accordingly the current 15% NAV premium to the share price may partly erode, so less “reserve” with which to maintain the dividend. The obvious rejoinder is that in such circumstances the performance fee will not be earned. # It should be borne in mind that hence forward 66% of any performance fee earned will be paid in shares # The combination of asset management fees and performance fees (this latter only in a good year) does indeed amount at the moment to a high TER; however there are not many who will say that the fees are not royally earned – take a look at the performance born of an extremely successful strategy. I have no problem with rewarding success! As eeza stated in 733 above: "Performance fee not a problem, as long as they 'earn' it."
stewart64: A technical anomaly which frequents Regional Reit. The ask is currently nearly a penny below the current price..98.2..ask 97.1. How can this be and surely it renders the "current price" pretty meaningless and the daily movement thst follows the current price? The ask never falls below the share price on any other share I own ( at least not to my knowledge). Tried googling an answer and it came up blank.
harrogate: Hi. I am fairly new to this type of share - picked it to replace cash in my SIPP which pays NIL. What is a "normal" discount to this NAV that you would expect the share price to sit at? Thanks for your help
jimbo3352: CIC's 2018 half year a/cs mention that 8.8m shares in RGL are subject to lock in only until 24 Sep 2018. They also highlight the income received from RGL and the recovery in RGL's share price to 99.9p in May. CIC has no debt and presumably no need to sell down their stake through necessity? The latest RNS I could see pointed to the stake in July 20 still being some 18m shares as it crossed a 5% threshhold. I'm happy to hold for the dividend yield and think it is a bit unrealistic to expect too much in the way of capital gain on top of such a good yield. I think I'm with Badtime about not being hung up on minor movements as opposed to an underlying trend.
stewart64: The share price rose to 95.9 off a 95.7/ 94.7 spread. The bid moved one tenth of a penny so no chance of the share price sticking. Still think the tail is wagging the dog.
stewart64: Can't help thinking the broker spread is anchoring the price in the 94s. It's not got a cat in hell's chance of escape velocity if everytime the share price goes up one percent the bid remains static on a widened spread. Few will buy on a massive spread.
spectoacc: @beangrinder - the share price weakness is down to CIC selling, as @Skyship references above. So I guess the question is more "why are CIC selling" :) Fair point about the Ords yield! Buying back some of CIC's stake wouldn't have been a bad use for the money - who knows, maybe that's why they wanted twice the amount they got? Thinking less in terms of the yield as "debt", and more in terms of the discount to NAV. The prospectus said: "The offer of the Bonds is being made in order to raise funding for the Group to be applied in part repayment of certain of the external debt facilities of the Group set out in Element B.7 above, to increase the number of sources from which the Group obtains its funding and to spread the debt maturity profile of the Group. Element B.7 contains all of the external debt facilities of the Group." (Element B.7 simply listed all the outstanding debt, including the zeros.) I still find it strange that last month's disposal almost exactly matched the money needed for the zeros, yet they felt the need for the retail bond. Still - unsecured money at 4.5%, even costing an extra 2% in fees, isn't bad going.
davr0s: You can't compare bond and share yield as risk profile completely different. The share price could easily drop 10% in a soft market period but ordinarily the bond price would hardly move. Apples and oranges
stewart64: You only normally start Empire building on a rising share price. Taking on debt and new capital issuance on a share price that has fallen heavily shows a complete disregard for shareholders.
petersinthemarket: Any opinions on the final share price outcome in early 2018? The 101p offer price probably underlines things for now but can we expect an share price fall to 70/80p next yr or will the mkt suck it up and protect the share price. This is one heck of a dilution. All thoughts welcome.
Regional REIT share price data is direct from the London Stock Exchange
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