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| 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
|
|
|---|---|---|---|---|---|
| 0.04 | 0.29% | 13.62 | 3,587,451 | 16:35:27 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 13.56 | 13.62 | 14.60 | 13.44 | 14.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 91.88M | -67.46M | -0.0416 | -3.25 | 220.12M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:27 | UT | 1,295,088 | 13.62 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/7/2024 | 11:52 | UK RNS | Regional REIT Limited Holding(s) in Company |
| 24/7/2024 | 17:59 | UK RNS | Regional REIT Limited Holding(s) in Company |
| 23/7/2024 | 17:17 | UK RNS | Regional REIT Limited Director/PDMR Shareholding |
| 23/7/2024 | 13:31 | UK RNS | Regional REIT Limited Director/PDMR Shareholding |
| 23/7/2024 | 13:29 | UK RNS | Regional REIT Limited Director/PDMR Shareholding |
| 22/7/2024 | 17:11 | UK RNS | Regional REIT Limited Director/PDMR Shareholding |
| 22/7/2024 | 17:07 | UK RNS | Regional REIT Limited Director/PDMR Shareholding |
| 19/7/2024 | 15:44 | UK RNS | Regional REIT Limited Notice of AGM |
| 18/7/2024 | 14:24 | UK RNS | Regional REIT Limited Result of EGM |
| 28/6/2024 | 15:21 | UK RNS | Regional REIT Limited Director/PDMR Shareholding |
Regional Reit (RGL) Share Charts1 Year Regional Reit Chart |
|
1 Month Regional Reit Chart |
Intraday Regional Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/7/2024 | 11:51 | Regional REIT - Targeting High Yields from Regional Property | 4,710 |
| 18/4/2023 | 22:45 | Regional ReiT | - |
| 29/9/2022 | 13:47 | August 2024 | 1 |
| 29/9/2022 | 12:02 | Inglis Interview with Edison | 3 |
| 13/3/2020 | 10:24 | *** Regional Reit *** | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:27 | 13.62 | 1,295,088 | 176,390.99 | UT |
| 2024-07-26 15:29:50 | 13.52 | 23,147 | 3,129.47 | AT |
| 2024-07-26 15:29:50 | 13.60 | 3,900 | 530.40 | AT |
| 2024-07-26 15:29:08 | 13.60 | 3,400 | 462.40 | AT |
| 2024-07-26 15:29:08 | 13.60 | 1,726 | 234.74 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Regional Reit Daily Update Regional Reit Limited is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker RGL. The last closing price for Regional Reit was 13.58p.Regional Reit currently has 1,620,886,404 shares in issue. The market capitalisation of Regional Reit is £219,143,842. Regional Reit has a price to earnings ratio (PE ratio) of -3.25. This morning RGL shares opened at 14.60p |
Posted at 25/7/2024 11:51 by 1knocker arbus, don't confuse cost averaging with averaging down.If you are buying by tranches, it pays to invest the same sum for each tranche, rather than the same number of shares. That way you buy more shares when the price is low and fewer when it is high. That makes good sense, provided that you think the share price will rise over time. There is no sense in buying a share at all if it looks like a loser over time. By contrast, buying more of a falling share reduces your average price at the expense of increasing your capital loss. That makes no sense - it is doubling down on failure. Each purchase or sale is a separate transaction. Its merits have nothing to do with the price you previously bought or sold at. The only good reasons to buy a share are for a sustainable income. and /or in the expectation of a rising share price FROM THE PRICE AT WHICH IT IS TRADING AT THE DATE OF THE CURRENT PURCHASE. Regional seems a pretty optimistic bet on either count. More to the point re Buffet's axiom that you don't have to make your money back where you lost it, are there better prospects than Regional for a sustainable income and /or a rising SP? |
Posted at 20/7/2024 20:28 by cielos grahamg8The cage was rattle by your nonsense comment, expecting the share price to drop, but it did NOT. If any wanted to sell, most likely they did before and take up the offer at 10p. Most with no money didn't take them so the Institution did, so safe most of the shares. Read again your post and feel sorry and SHAME of not understanding the way market works, talk of a beginner. grahamg8 18 Jul '24 - 17:02 - 4665 of 4679 If someone is buying today at 13.9p in the full knowledge there will >1bn new shares issued tomorrow at 10p they presumably think the share price tomorrow will still be 13.9? Otherwise just holdout for 24 hours and buy at a lower price |
Posted at 20/7/2024 09:37 by grahamg8 As long as you are happy Dodger. I tend to look at current value for shares, and in the past did so in my property business. This is a harsher test of rate of return than original cost. It is also why I have always taken issue with the property improvement programmes on the TV when they work out rental yield on a cost rather than market value basis.How much cash will your RGL shares generate in the next year/5 years? If you sold them where could you reinvest and what cash return could you expect as an alternative? The problem with RGL is that it is at a huge discount to NAV, and there is a massive debt repayment due in roughly three years time. Can enough properties be sold near enough to book to pay off the debt, or in part can the debt term be extended on reasonable terms? If successful the dividends will be dwarfed by the capital gain, if not then the share price will fall or indeed the company could be wiped out. |
Posted at 10/7/2024 16:48 by spectoacc Or if still offices - CLI, massive discount, great yield, and debt segregated by property/small group of properties, so can't easily be brought down.Or SERE, 40% discount, 9% yield, better properties. Anyone care to calculate post-offer, post-consolidation RGL share price on say an 8-10% yield and 40-50% discount.. They're talking 2.2p/qtr post-consolidation, ie 8.8p annually, which coincidentally gets us to c.100p/share. I still wouldn't, but a place to start. |
Posted at 04/7/2024 13:30 by arbus5000 It appears as though the RGL share price chart on the LSE website has been adjusted to include the effects of the open offer:The lowest point recorded was 8.8p on 12March, when it fell to around 14p at the time. The highest ex-offer price since then, was 16p, when it was around 25p at the time. |
Posted at 03/7/2024 14:22 by spectoacc Morgan/Bridgemere will end up with control, yes.As anyone who knows accountancy/tax will know, shares become proportionally more valuable as your stake increases, particularly when it crosses important levels eg 10%, 50%. Bridgemere's advantage, as at CAL with Growthpoint, is that they'll be in the driving seat with a much smaller than 50% holding, able to nominate directors, and able to dictate when the next fundraising is, and at what level. Growthpoint would put it through CAL at the market price - hence little incentive for shareholders to partake, and sure, little dilution too. But remember each additional share to Growthpoint (/Bridgemere) becomes proportionally more valuable. If that's a bit much for a Wednesday afternoon, consider the alternative - the office market/economy recovers, RGL has time to make some decent sales to pay down debt, and everything's rosy. Bridgemere still win - they've bought in at 10p, and been paid £5m in fees to do so. Worst case for Bridgemere is stumping up more cash, which as per the above, isn't actually a worst-case for them. Suspect the consolidation is part of it, as it was at CAL - each raise was at a lower level as the share price fell, but shareholders didn't necessarily spot that it was due to the consolidation. |
Posted at 29/6/2024 15:50 by arbus5000 i appreciate the confession from williamcopper, and he does share the benefit of his experience which is positive - but hpcg, "going back" to end 2022, as well as you trudging through your old posts is laughable !Your remarks would have been more pertinent early 2020 or by late 2021, and even then amount to no more than advising on cutting the dividend - i am sure that the folks at RGL considered that more than once. If they have followed your advice, RGL would be what, £24mln better off, no longer qualify as a reit, and liable for corporation tax. Fantastic! Right now - Synthomer has what doubled or tripled in share price, but you still want a pat on the back for what you said in end 2022? thats comedy mate! |
Posted at 28/6/2024 14:46 by spectoacc They'll have £28m to spend on the portfolio - that's a plus - and a temporarily manageable debt load. Perhaps more importantly, they'll have a supportive major shareholder.But suggest looking at CAL, both pre and post Growthpoint, to get an idea of where RGL might go. This is a plaster cast rather than a sticking plaster, but RGL still has two broken legs. Doesn't kill them but sunny uplands there ain't - this is a rescue job. Edit - I'd expect Bridgemere to up their stake again at the next fundraise, which will likely come ahead of the bigger debt expiry. And just for ADVFNers - no, RGL didn't have enough cash on hand to repay the debt. Yes, they need a large amount of working capital to fund ongoing liabilities. Yes, you sort your debt out at least a year ahead of expiry. No, there isn't lots of alternative use value in regional offices just waiting to be unlocked. No, the Office sector isn't dead, but rents will go down (in real terms) not up, and incentives will be massive - imagine how much RGL could save if it let the 20% vacant at £0, on rates/insurance/main No, all those arguments about whether WFH was over weren't relevant. And yes, you should have seen all this coming, particularly when Edison (of all people) said RGL were looking to raise £75m at 10p. Months on, and even that wouldn't have been enough. RGL survives, the bondholders get paid out for taking the risk of not getting paid at all, and those gamblers still in can think whether to put more chips on the table with the Open Offer. Inglis continues to do very well, despite the share price being down 25% in a week, 29% in a month, 54% in 6 months, 64% in a year, 78% in 2 years, 81% in 3 years, 85% in 5 years. Heck, not including dividends. |
Posted at 29/5/2024 08:31 by meanreverter RGL trades at a huge discount to asset value, mainly in anticipation of its need to raise money to redeem the retail bond, either by a hasty fire sale of assets or by a massive rights issue. In either event, the weight will not be lifted from the share price until the deed is done and dusted. I hope that the chosen route is a rights issue, because a fire sale will permanently impair value.If true that the share price will tank even further, in the case that the rights issue is left to the last minute, my boots will happily be filled with cheap new shares. |
Posted at 23/5/2024 20:54 by albajack Actually, the first potential elephant in the room is the Santander '29 loan because the maximum LTV threshold reduces to 50% on the 19th of next month. It was 52.2% as at the year end. One would hope that some of the reduction in loans outstanding reported in the RNS of this week does include this specific loan.If there is room for a baby elephant, then I propose the lack of announcment of a date for the AGM. Are all of the Board up for re-election this year? ;-) Part of the point of my previous post was due to the belief that it is an unrealistic hope to think that property disposals will be sufficient to redeem the bond, at least alone. Furthermore, if we are at or close to the bottom of the office-market cycle then selling now is not necessarily the best way of maximising shareholder value. Don't forget that the 40% LTV is a long term nice-to-have and not an immediate necessity - £175m of disposals is just one result of an exercise in to how the LTV could be brought below 55%, a figure mentioned a few posts ago. Important to differentiate between what is needed now, and what will be nice later; £175m of disposals is the latter. Disposals are necessary - or/and, an equity raise is necessary - because RGL has way too much gearing. Get this addressed and there shouldn't be a need for lenders to cut and run when their loans become due. Whilst there are sufficient assets upon which loans can comfortably be secured then they are more likely to be prepared to extend their loans for another term - on the appropriate terms of couse, i.e. interest rate. If they do not want to extend then I'm sure that there are other institutions prepared to replace them. Unlike with replacing the bond now, those replacement loans would be secured - asset-backed lending is an attractive business for some. The share price fall after the Edison report might have been due to the manner in which an equity raise was raised (for want of a word). The share price is now higher than just before that report - but the potential for an equity raise has not gone away. RGL's share price has been on a downward trend for over two years, now. The thumb has been pointing downwards since well before the report's release. Using figures from the 22nd May RNS, a rough calc. of NAV gives 59.8p per share. This is what would be left for shareholders, today, if all debt was paid down by disposals. |
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