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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
  -1.30 -1.66% 77.20 244,494 16:35:11
Bid Price Offer Price High Price Low Price Open Price
77.30 77.50 78.90 77.20 78.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 75.65 26.25 6.60 11.7 333
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:47 O 914 77.204 GBX

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Date Time Title Posts
09/12/202013:08Regional REIT - Targeting High Yields from Regional Property2,517
13/3/202010:24*** Regional Reit ***1

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DateSubject
16/1/2021
08:20
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 78.50p.
Regional Reit Limited has a 4 week average price of 76.40p and a 12 week average price of 58.30p.
The 1 year high share price is 122.40p while the 1 year low share price is currently 51.40p.
There are currently 431,506,583 shares in issue and the average daily traded volume is 555,086 shares. The market capitalisation of Regional Reit Limited is £333,123,082.08.
12/11/2020
12:36
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
12/11/2020
10:58
fenners66: Skyship - CTC ? as for Std Life Ab - they invest pension and savings etc We are supposed to give it to them to do because they are better at it than we... So they had no idea what to invest in and bought their own shares which tanked... Buybacks are an artificial demand for shares at a given time. They are usually large relative volume so push prices up - then. They rely on others selling i.e. believing they know better. When the buyback stops - its pretty likely the share price will fall - so the sellers do know better. It removes cash from the balance sheet or in some instances adds debt and interest ! The enterprise value is therefore reduced ! The assumption that EPS is increased assumes all things remain equal - that never happens so no guarantee that will happen.
12/11/2020
09:47
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.
12/11/2020
08:44
lord gnome: I stand by my view. Share buybacks are not my favourite use of capital. If they invest in the business and use capital well, the share price will respond. If the extra investment results in higher income I get higher dividends. That's why I am here, not to see a REIT become a share trader. Share trading is our job. Not having a rant, by the way, just saying clearly how I see things.
12/11/2020
07:49
skyship: They were a bit late on this one. IMO should have acted earlier as buybacks can be entirely positive and NAV accretive for investment companies such as REITs. "In light of the Company' performance throughout Covid-19, the Board is of the opinion that the market is undervaluing the Company. Should a persistent and significant share discount rating be observed, the Board will take a balanced approach to the buyback of the Company's own shares where it is considered accretive to do so, using proceeds from asset sales, versus the opportunities in the regional office market which offer income and growth for our shareholders over the long term." Our host not keen in his above post. Sure, the share price likely to recover cyclically in any event; but that is not a good reason not to be opportunistic when the company's own shares represent a better investment opportunity than another property. I think SREI put it quite well when they announced their Buyback Scheme back in September.
03/11/2020
14:24
skyship: Chucko – Personally not a fan of those in your 2nd para as IMO they offer little prospect of valuation uplift and yields nothing to write home about. As for those in your 1st para - I will accept the Tender for AIRE purely for the capital gain it presents. I’ve traded out of EPIC again, purely for the small capital gain. I don’t hold AEWU due to the relatively low discount of just 20% at 74.20p – great yield of course, though likely to reduce as the dividend uncovered. IMO there are two REITs offering a short-term 10% uplift – RGL & SREI. The buyback pause by SREI due to the closed period ahead of the 17th November Interims, has deflated their recovery from 34.25p down to c30.6p (NAV discount now at 47%!). In two week’s time the buybacks will recommence and the share price will once again make progress to 35p and some.
03/11/2020
14:17
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.
30/10/2020
13:33
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
12/10/2020
09:20
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.
05/10/2020
16:27
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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