Share Name Share Symbol Market Type Share ISIN Share Description
Residential Sec LSE:RESI London Ordinary Share GB00BYSX1508 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -1.05% 94.00p 94.00p 94.40p 94.80p 94.00p 94.00p 210,959 15:31:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts - - - - 169.50

Residential Sec Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
16/5/2018
12:34
Acquisition announced today https://www.investegate.co.uk/residential-secure--resi-/rns/acquisition/201805160700092008O/
hugepants
08/5/2018
15:20
Picked up some on the hope it rockets back up to the IPO price when fully invested.
hugepants
22/4/2018
10:39
Posts 12 and 19 refer
quepassa
18/4/2018
12:48
Probably just bought their own houses with it. Bloody good idea if so, and wish I'd thought of it myself.
advfnusermum
18/4/2018
12:27
Even with buybacks the price is going down again.
tyranosaurus
18/4/2018
09:34
Have decided to sell out of this now, when really annoyed me aside from the slow progress was that the buyback was announced a day or 2 after the manager had taken its first slice of fees in shares, those shares bought on the lows ahead of buyback announcement smacks of manager putting their own interests first above everyone else.
jt35
17/4/2018
09:18
Bought a small amount of these initially, but luckily very, very small. Was vaguely considering topping up whilst share price was low but reading this, maybe not. Just leave be, concentrate on better things and wait for a surprise one way or another. Bugs me when companies take your hard earned money and tell you diddly squit once they've got it. Just ordinary, plain bad manners.
advfnusermum
09/4/2018
09:50
As I mentioned before, any fund like this which is run by committee is normally destined for absolute mediocrity at best in my opinion. Performance to date speaks volumes. One transaction completed and now moneys being used to buy back rather than find more investments. In my opinion, this is a hopeless fund. Just a rich fee trough for everyone to dip into liberally and feed on handsomely in my view. ALL IMO. DYOR. QP
quepassa
09/4/2018
09:32
Liberum; Commencement of share buyback programme Event Residential Secure Income REIT has announced it will commence a share buyback programme following recent share price weakness. Residential Secure Income now trades on a -9.7% discount to NAV, which is the widest discount of the social housing fund peer group (Civitas -3.5% discount, Triple Point 1.2% premium). Deployment has been relatively slow with one large portfolio transaction completed to date. The £100m retirement portfolio is operated by one of the larger housing associations (Places for People). The sector has suffered a sell-off this year which has been amplified by concerns over the covenant strength in the supported living sector following issues experienced by First Priority Housing Association. First Priority was placed under review in January and the Regulator of Social Housing subsequently reported that it does not have sufficient working capital to meet its debts. First Priority leases from 26 different companies including 45 properties from Civitas Social Housing (c.11% of Civitas' portfolio). Trade press reports indicate the regulator has not asked First Priority's creditors to reduce rent levels owed by the association.
davebowler
09/4/2018
08:40
Buyback announced.
asmodeus
26/3/2018
11:19
The silence is deafening as they say. Still sinking like a brick.
tyranosaurus
19/3/2018
18:32
This is in freefall at the moment. Need them to update us on what, if anything, is going on.
tyranosaurus
16/2/2018
12:42
Just to bring the thread in to 2018 - Dividend Declaration ex dividend yesterday. Jefferies International Buy 98.80 - 116.00 Reiterates
skinny
24/11/2017
13:14
No mention of the initial yield on these.
tyranosaurus
24/11/2017
09:29
Liberum; Specialist Real Estate Residential Secure Income (Mkt Cap £178m) and Triple Point Social Housing (Mkt Cap £207m) Acquisitions Event Residential Secure Income has announced its first acquisition since IPO in July. The fund has acquired a portfolio of 1,341 rental retirement properties for a total consideration of c.£100m. The portfolio consists of long leasehold or freehold interests in 250 retirement housing blocks (one and two bedroom assisted living flats), concentrated in Southern England, which will be operated by Places for People. The portfolio is subject to RPI linked leases which provide residents with lifetime security of tenure. The fund also aims to secure debt over the portfolio, which will enhance returns. The manager has advised that a £250m transaction for the acquisition of shared ownership properties is likely to be completed in early 2018; this transaction would complete the deployment of the IPO proceeds, plus leverage. The shares currently trade at a 1.0% premium to NAV at IPO (98p). Triple Point Social Housing has announced the acquisition of three supported living properties for a £7.1m (excluding costs). The properties comprise 52 units, located in Leicester, Manchester and Wolverhampton. The company has entered into new FRI leases (two for 20 years, with the ability to extend to 25 years, and one of 25 years) with the relevant Housing Associations in respect of the properties; rents are subject to annual, upward only rents reviews in line with CPI. The shares currently trade at a 5.4% premium to NAV at IPO (98p).
davebowler
12/11/2017
11:06
Now 4 months since listing and still nothing concrete has happened. No wonder these shares are drifting downwards.
tyranosaurus
21/9/2017
11:12
Jefferies; Target price 115p * In the process of finalising terms with three Housing Associations for the acquisition of three separate shared ownership portfolios in southern England for a total consideration of £250m. It is expected these transactions will be contracted by the end of 2017, or shortly thereafter. * Entered exclusive due diligence in respect of the acquisition of, in aggregate, approximately £100 million of rental homes managed by a Housing Association and principally located in southern England. This transaction is expected to contract during November 2017 and RESI has received long term investment grade equivalent debt funding offers for this acquisition. * Progressing an additional pipeline of shared ownership and rental homes with three other Housing Associations with an aggregate purchase consideration of over £200m. * “RESI therefore expects that the net proceeds of the IPO, plus leverage, will be fully deployed well within the nine month period referred to in RESI’s IPO prospectus.”
davebowler
21/9/2017
07:27
Just in case you'd forgotten, we're very busy: Https://www.investegate.co.uk/residential-secure--resi-/rns/update-on-investment-pipeline/201709210700043577R/ If I've read it right, that adds up to £550m and they've only £180m of equity. Hell of a lot of leverage there! From the prospectus: The Group will target an aggregate level of borrowings of 50 per cent. of Gross Asset Value over the medium term. Aggregate Group borrowings will always be subject to an absolute maximum, calculated at the time of drawdown, of 67 per cent. of Gross Asset Value. In fact, the proposed debt level on the above is 67% of GAV, so they should be looking to raise more equity in the medium term to get that back to the target 50%.
jonwig
10/9/2017
09:35
Sold out of these for a small profit. Looked like dead money.
tyranosaurus
18/8/2017
12:51
I wonder how long it will take this one to make an acquisition. LXI seem to have no trouble finding acquisitions.
tyranosaurus
04/8/2017
07:06
Triple Point Social Housing REIT raised the full £200m in an oversubscribed issue.
jonwig
31/7/2017
11:32
I don`t need to read the whole prospectus to know what I am buying. I am happy with my investment at the moment. If they don`t make any acquisitions in the next 2 months I will be out, as was the case with AEWL.
tyranosaurus
29/7/2017
23:50
jonwig - the fact is, as I have said already, that "It's just another structured speciality property investment vehicle run by Committee. Fees upon fees upon fees for everybody feeding off IPO monies." QP
quepassa
29/7/2017
11:14
tyranosaurus - you seem to have bought something without knowing what you bought (ie. not reading the prospectus), and now complain bitterly that it isn't doing what you expected. QuePassa - the fact is, as I've said already, this is a suitable investment for certain types of investor, as part of a portfolio.
jonwig
29/7/2017
09:41
QuePassa That`s why these companies are still coming to the market when they know they won`t raise all the monies they want.
tyranosaurus
Chat Pages: 2  1
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