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Share Name Share Symbol Market Type Share ISIN Share Description
Residential Secure Income Plc 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
  5.60 6.56% 91.00 83.00 91.60 90.80 81.40 81.40 302,076 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 21.6 13.2 7.7 11.8 164

Residential Secure Income Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
01/4/2020
16:50
Bid and ask zips around a tad
badtime
30/3/2020
21:32
If that's as bad as it gets, then I think we've nothing to worry about. Just have to wait a bit longer for the div to be covered. I remain a happy holder. https://uk.advfn.com/stock-market/london/residential-secure-income-RESI/share-news/Residential-Secure-Income-PLC-COVID-19-Update/82108658
rambutan2
30/3/2020
21:19
Ram....what did you think of todays update?
badtime
30/3/2020
10:18
I bought in two lots last week and will look to add more
badtime
30/3/2020
10:07
hTTps://citywire.co.uk/investment-trust-insider/news/james-carthew-i-spy-bargains-in-student-and-social-housing/a1340338? Residential Secure Income Reit (RESI) should be celebrating as it has just secured access to government grants that will help it expand its portfolio. Its shares also fell heavily in the pandemic scare and even after rallying with the recovery in markets and investor sentiment this week remain on an 18% discount. Its portfolio is a mix of shared ownership homes, local authority accommodation designed to alleviate the problem of homelessness and retirement rental housing.
davebowler
24/3/2020
20:09
Entered at 77p today
badtime
21/3/2020
20:39
Well worth having: 19(th) March 2020 Residential Secure Income plc ReSI Housing awarded Investment Partner status by Homes England Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, is pleased to announce that ReSI Housing, its wholly owned For-Profit Registered Provider of Social Housing has been awarded Investment Partner status by Homes England, the U.K. government public body that funds new affordable housing in England. The new status allows ReSI to access Homes England's GBP4.7 billion Shared Ownership and Affordable Homes Programme "SOAHP" 2016-21. ReSI Housing is already an Investment Partner with the Greater London Authority ("GLA") and, as previously announced, has secured GBP6 million of government grant to date to support the ongoing delivery of ReSI's shared ownership portfolio in London. Investment Partner status with Homes England extends ReSI Housing's abil i ty to access grant funding to include schemes outside of London and bring forward much needed additional Affordable Housing at national level. Both the new Homes England and the GLA programmes provide government grant funding as a capital contribution towards new sub - market rented housing such as shared ownership, affordable rent and social rent. Alex Pilato, CEO of ReSI Capital Management, commented: "Achieving Investment Partner status from Homes England allows ReSI to help them bring forward much needed new affordable housing right across the UK, working with national House Builders in allocating funds efficiently." https://uk.advfn.com/stock-market/london/residential-secure-income-RESI/share-news/Residential-Secure-Income-PLC-ReSI-Housing-awarded/82030456
rambutan2
20/3/2020
21:40
Well yes, it did get a bit cheaper (low 70ps) and so I persuaded myself to add a few. As, it turned out, did the management... Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, announces that between 16 March 2020 and 18 March 2020 Robert Gray, Non-Executive Director of ReSI, Alex Pilato, Chief Executive of ReSI Capital Management Limited, ReSI's Investment Manager, James Sly, Financial Director of ReSI Capital Management Limited and Ben Fry, Managing Director of ReSI Capital Management Limited, purchased the following number of ordinary shares in the Company. Name Shares purchased Total shares between 16/03/2020 owned and 18/03/2020 Alex Pilato 32,136 1,251,690 -------------------- ------------- Robert Gray 33,552 108,552 -------------------- ------------- Ben Fry 24,843 100,000 -------------------- ------------- James Sly 2,500 2,500 -------------------- ------------- The total number of ordinary shares now owned by the directors of the Investment Manager is 2,413,517. The Investment Manager also owns 489,386 ordinary shares directly. The Investment Manager and its directors thus hold 2,902,903 ordinary shares, 1.77% of shares in issue (excluding shares held in treasury). ReSI's Non-Executive Directors hold 118,552 ordinary shares.
rambutan2
14/3/2020
20:20
The Budget promises plenty of money for RESI's sectors, as far as I could see. But a brutal market took no notice. Now on a 20% discount and inflation linked 6% yield. But wouldn't bet it won't get cheaper whilst current conditions prevail.
rambutan2
05/3/2020
09:54
Gresham House is a fast-growing specialist alternative asset management company focused on sustainable investment for its clients and shareholders. The Group currently has £2.8bn in AUM and, through its British Strategic Investment Fund (BSIF), the Group targets local housing investments on behalf of local government pension schemes. The Gresham House platform is well established and should provide opportunities for growth and investment in the RCM team. The sectors addressed by RCM's offering are key areas for Gresham House to be able to scale its social housing strategy and to broaden its sustainable offering to investors.
davebowler
05/3/2020
09:13
Liberum; Residential Secure Income Gresham House acquires ReSI's Fund Manager Group Mkt Cap £162m | Prem/(disc) -12.2% | Div yield 5.3% Event Residential Secure Income (ReSI) has announced that TradeRisks Limited, the parent company of ReSI's manager, Residential Capital Management Limited, has been acquired by Gresham House plc. Gresham House will pay initial consideration of £7.0m, with further consideration of up to £4.0m payable subject to the achievement of certain performance criteria. Residential Capital Management will continue in its role as the manager of ReSI, with the day-to-day operations remaining unchanged under the current team. ReSI has also announced that Residential Capital Management CEO Jon Slater will retire and will be succeeded by TradeRisks CEO Alex Pilato.
davebowler
31/1/2020
16:30
Liberum:Residential Secure Income VAT change impacts Q4 returns Mkt Cap £169m | Prem/(disc) -8.4% | Div yield 5.1%EventResidential Secure Income has reported a NAV per share of 107.7p at 31 December 2019, resulting in a NAV total return of 0.3% for Q4 and 6.5% in 2019. The portfolio valuation reduced by £0.5m on a like-for-like basis following clarification from HMRC that VAT is chargeable on property managers' salaries from 1 November 2018. This has increased the service charge payable by the company on its retirement living portfolio.  In terms of portfolio activity, 59 shared ownership apartments at Clapham Park have been acquired. Over half of these have been reserved by customers at sales prices in line with the company's target. They are expected to be income-producing from February 2020. RESI also expects to acquire a further 73 units at Clapham Park by the end of Q1, at which point it also expects to have debt in place on the portfolio. Liberum viewThe completion of the Clapham Park acquisition is on track with the revised timeframe after a constructor delay last year. The company will essentially be fully deployed once the 73 units at Clapham Park are acquired. Shared ownership properties comprise 26% of the portfolio and the majority of new acquisitions are likely to be in this sub-sector. There is potential for a high level of supply of shared ownership properties as we note the Regulator of Social Housing's latest sector risk report highlights a 56% increase in the stock of affordable home ownership homes unsold for more than six months.  
davebowler
15/1/2020
15:55
Mentioned here - hTTps://citywire.co.uk/investment-trust-insider/news/new-year-tips-winterflood-overhauls-investment-trust-recommendations-for-2020/a1312060
davebowler
02/1/2020
09:49
looks like someone is hoovering up the shares.
killing_time
21/11/2019
17:54
Tipped in Shares Mag
badtime
21/11/2019
11:13
Liberum; Residential Secure Income 7.6% NAV total return in FY 2019 Mkt Cap £155m | Prem/(disc) -16.7% | Div yield 5.5% Event Residential Secure Income's NAV per share at 30 September 2019 was 108.6p per share, representing a 7.6% NAV total return in the year. The majority of the NAV return continues to be driven by revaluation gains as the company had not fully deployed its debt capital during the period. 65% of the NAV return in the year was due to valuation uplifts. Recurring earnings resulted in dividend cover of 0.56x on dividends declared for the year (0.62x on dividends paid). The valuation gain represents a 3.9% increase for the 12-month period. This was due to the inflation-linked rent increases and an extension of the leaseholds for the retirement portfolio. The portfolio now comprises 2,677 units across shared ownership, retirement and local authority housing tenants. Recent investment activity has focused on shared ownership properties, including a £60m commitment to acquire 132 apartments at Clapham Park from Metropolitan Thames Valley Housing. The acquisition is due to complete in Q1 2020. Liberum view Returns were broadly in line with expectations for the full year following the valuation increase in H1. There has been a slight delay in the expected timeframe to reach full deployment due to a constructor delay at the Clapham Park scheme. Shared ownership properties comprise 26% of the portfolio and the majority of new acquisitions are likely to be in this sub-sector. There is potential for a high level of supply of shared ownership properties as we note the Regulator of Social Housing's latest sector risk report highlights a 56% increase in the stock of affordable home ownership homes unsold for more than six months. The company reports that marketing at the Totteridge Place development in Barnet is on target with 80% of the homes sold or in progress and have achieved the target sales price.
davebowler
13/8/2019
12:15
Thanks Dave - i agree ... would like to see the dividend cover higher but hopefully will come in the next 18 months
pyufak
01/8/2019
10:06
Liberum; Residential Secure Income generated a 1.3% NAV total return during the quarter. The portfolio value rose by 0.5% on a like-for-like basis, mainly due to the inflation-linked leases on the retirement homes portfolio. The majority of the NAV return continues to be driven by revaluation gains as the company had not fully deployed its debt capital during the period. Income earned in the half-year generated dividend cover of 0.6x. A new agreement with Places for People Group was completed in the period for the management and maintenance of the entire retirement living portfolio. We regard the current 14.7% discount to NAV as attractive (5.4% dividend yield) given the company's focus on on low-risk, lower return social housing properties.
davebowler
27/7/2019
12:50
welcome HugePants... love the name! Indeed this one hasn't been overly exciting. You can see from my two posts above I am relatively positive but have been disappointed by the share price performance post May. I am wondering if I am missing something or if the market is just finding this stock uninteresting, especially when contrasted with the recent performance of riskier assets. I choose this in preference to CSH due to no exposure to specialist supported living. I think the next quarterly update will be key now the fund is fully invested. My bias is to see a slow upward trending NAV and a covered dividend and I will add. I own this not to knock the lights out - I want exactly what they say on the tin - an inflation protected 5% return in the long run. Corbyn I am less worried about than I was a year ago - much as I have complete dismay at British politics across the political spectrum I view him as completely un-electable - he's shown no ability to capitalise on the open goal of the past 18 months and polls show the parliament split with both traditional parties losing significant ground.
pyufak
25/7/2019
10:26
Comrade Corbyn surely?
hugepants
25/7/2019
10:06
Oh, they'll be exciting when El Presidente Corbyn gets in! In CSH here, bigger discount, bit riskier.
spectoacc
25/7/2019
10:02
Trying to diversify away from office and retail REITS so picked up some of these. Decent yield and discount. Not very exciting.
hugepants
23/5/2019
23:02
Hi, this is a re-post from a comment I placed on another personal finance site pre: half year but got no responses. Would be interested in anyone's views here. Just wondering if I could ask anyone who has been following this one to share their two pence with me please. I arrived here after reading of the difficulties both Civitas and Triple Point social housing funds are experiencing on Investment Trust Insider. I looked into the area and stumbled upon RESI REIT. While I wish to avoid significant exposure to specialist care provision a few things peeked my interested: 1. No exposure to specialist support living - released a statement post recent regulatory announcement affecting Civitas and Triple Point. 2. Almost fully invested after most recent investments and I would be surprised if they raised additional funds at such a steep discount to NAV. We're at as a big a discount as when they announced their share buyback programme last year. 3. On track for 5p annual dividend in 2019 (5.2% yield) 4. 10.2% discount to end of Q1 NAV, 95p against 105.9p. 5. Relatively diversified - approximately a third each of a) shared ownership; b) Local authority & c) independent retirement living 6. Retirement and Local authority assets at purchase all achieved 8%+ total return once leveraged according to their company announcements with purchases. The assets have now been leveraged; shared ownership is RPI+0.5%. 7. Schroders are selling - down from 15%+ last summer to most recent report they were down to 9.7% (7th of May i think) While it's not unusual for investment trusts to trade discounted - the 10.2% discount strikes me as a bit steep for a trust which largely appears to be performing in line with their strategy. 7 quarters in and total NAV return since inception is 14p, target total return of 8% annually. Although they did aim to deploy funds within 9 months and the last funds were used in Q1 this year so it took more than double that amount of time. Maybe I'm looking for negatives which are not here - and it's just a boring (I often like boring) REIT with a large holder exiting. Either way, I am considering buying for my REIT and/or Income holdings. Any comments and thoughts appreciated,
pyufak
20/5/2019
11:03
Half year report. Financial highlights · IFRS Net Asset Value ("NAV") Total Return of 4.7 pence per share for the period and 14.1 pence since Admission, with ReSI on track to again exceed its 8%+ annual target · 8.3% uplift in the portfolio valuation, compared to purchase price, to £321.3 million driven primarily by inflation linked rent increases and successful lease extensions in the retirement portfolio · 2.7% increase in IFRS NAV to 107.9 pence per share (30 September 2018: 105.1 pence per share) representing growth of 10.1% since Admission · Earnings per share for the first half increased 145% to 4.5 pence compared to 1.8 pence for the 8.5 month period to 31 March 2018 and on an annualised basis equalled those for the full year 2018 of 9.0 pence · Net property income for the first half increased 211% to £6.1 million (8.5 months to 31 March 2018: £1.9 million) · Annualised net rental income increased 125% to £11.5 million compared to 31 March 2018 (£5.1 million) and 9.5% since the 2018 year end (£10.5 million), representing a 5.1% net yield on capital deployed to income producing assets · 96% of rental income is subject to contractual inflation-linked rental uplifts · Total drawn debt of £107.5 million (30 September: £51.6 million) reflecting a gearing ratio of 35.6% · Dividends of 2.5 pence per share declared for the period (in two equal quarterly instalments of 1.25 pence), in line with the 5.0 pence per share target for the current financial year · NAV accretive share buy-back programme launched in April 2018 has resulted in 9,304,729 shares being purchased at an average price of 92.5 pence more.....
skinny
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