ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

RESI Residential Secure Income Plc

60.60
-0.60 (-0.98%)
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 Shares Traded Last Trade
  -0.60 -0.98% 60.60 146,829 16:35:18
Bid Price Offer Price High Price Low Price Open Price
59.80 61.00 63.40 59.80 63.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 30.48M -10.05M -0.0543 -11.01 113.32M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 UT 2,944 60.60 GBX

Residential Secure Income (RESI) Latest News

Residential Secure Income (RESI) Discussions and Chat

Residential Secure Income Forums and Chat

Date Time Title Posts
11/6/202514:37::: Residential Secure Income plc :::420

Add a New Thread

Residential Secure Income (RESI) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Residential Secure Income (RESI) Top Chat Posts

Top Posts
Posted at 15/6/2025 09:20 by Residential Secure Income Daily Update
Residential Secure Income Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker RESI. The last closing price for Residential Secure Income was 61.20p.
Residential Secure Income currently has 185,163,281 shares in issue. The market capitalisation of Residential Secure Income is £110,727,642.
Residential Secure Income has a price to earnings ratio (PE ratio) of -11.01.
This morning RESI shares opened at 63.40p
Posted at 04/6/2025 20:08 by wshak
I believe that the banks are quite relaxed about porting the loans to a new buyer, assuming credit worthiness isn't compromised. There will be a fee, naturally, but nothing like the value that is inherent within the cheap debt.Management themselves instigated this wind down without a formal vote by shareholders as the c fund is simply too small. I don't think they would have recommended that course of action if significant value were to be lost.Regardless, the shares are cheap without a wind-down, and should only appreciate with time. I expect that to be reflected in a sale price, as with ASLI.There is no rush to exit, so a good price should be achievable.
Posted at 04/6/2025 17:47 by wshak
I was involved (amongst others), in another clear out trade in #RESI today at 55.5p

Another managed wind-down play in the REIT space, 7.44% divi whilst you wait.

EPRA NAV is 69.6p, IFRS NAV is 76p.

Should get a decent return over a year from here.

Very solid set of assets.
Posted at 20/5/2025 18:48 by hugepants
There appears to be a pretty strong correlation between gilt yields going up and the RESI share price going down.

I've a similar number of these as I do of ASLI although this one seems much less popular. Both winding up and the discount to NAV is similar. I reckon RESI should be able to maintain an approx 1p per quarter dividend until they manage to sell one or both of the portfolios.
Posted at 20/5/2025 09:40 by theinquisitiveone
Hi. Anyone prepared to take pity on me and explain, in simple terms!!, what the difference between EPRA NTA and IFRS NAV actually is? For RESI it seems to be a huge difference between them-69.6p V 76p.

It would be great if anyone that follows this one could explain why the difference and which one would be the more realistic to use for RESI?

Thanks!
Posted at 22/1/2025 10:38 by colinf63
i currentlyhave 5 companies in wind down at various stages and i have to say based on todays RESI call they are by far the best managed, most in control, and open. I wish i had enough money to buy the company :-) I will be buying some more this month seems to me like well managed almost 9% div while ongoing, and a large hopeful realisation result getting much closer to NAV than the current share price, over teh 12-24 months wiond down i am hoping for >40% overall return!
Posted at 21/1/2025 12:06 by quepassa
Trading at a massive 70% discount to NAV .

Share price 25p. NAV 83p.


Read the Investor Update H2 2024 released on 16/1/25.

Price just beginning to tick up but...

Not yet on the investor radar.

LSE:MPO

Another wind-down residential property fund.

But just look at the big rise in disposals which they have recently been achieving against a significantly improving economy and government stimulation

ALL IMO. DYOR.
QP
Posted at 13/1/2025 14:26 by eekhoorn
'Sale of Wesley House, Luton Residential Secure Income plc ("ReSI") (LSE: RESI) is pleased to announce that it has completed the sale of Wesley House, its second local authority housing property in Luton, which is used by Luton Borough Council to house residents in need. The sale completed for a net consideration of c.£15 million, marginally in excess of the £14.8 million valuation reported in the interim results as at 31 March 2024. The sale proceeds will enable ReSI to repay its £15 million floating rate debt with Santander in full. The sale of this property means that as ReSI implements its managed wind-down strategy, it is concentrated exclusively in the independent retirement rentals and shared ownership residential sub-sectors.' 
Posted at 12/1/2025 19:54 by hugepants
03/10/24

"...ReSI plc's sole remaining local authority asset has now exchanged for sale at a price marginally in excess of book value, with completion scheduled to occur by the end of 2024, enabling the full repayment of the Company's floating rate debt. This will concentrate ReSI plc's portfolio in its two preferred residential sub-sectors - independent retirement rental and shared ownership - where ReSI plc's high-quality portfolios are underpinned by inflation-linked leases and long-term leverage, supporting long-term shareholder returns..."


Still waiting on confirmation of completion of local authority asset sale.
Posted at 06/10/2024 14:45 by grahamg8
Any thoughts on a bail out price? With an share price of 58.4p and dividend of 4.12p the yield is 7.05%pa. That on its own is not enough to keep me here. I need the prospect of a capital gain, and a view on timing. We have a quoted NAV, selling costs, sale at a discount, possible premium from the reversionary gain. At the moment I'm working on net 73.1p. Which gives me a gain of 25.2%. But I'm going to have to wait for that, let's say 12 months and discount at 10%pa. Now the capital is only worth 65.8p, and I would continue to hold up to this price. In which case I would get a future return of 73.1p plus an income of 4.1p, instead on an instant 65.8p. If the sale(s) takes longer then my tendency to sell now increases, as would the prospect of a lower eventual payout. RESI looks like quite a strong hold to me at present. I might even be thinking of a modest top up if the share price dipped further, and I actually had any spare cash at the present.
Posted at 24/5/2024 18:29 by wunderbar
This is a peculiar REIT, peculiar in the fact share price continues to fall in a rising market. Today, RESI hit a new all-time low of 45.91p. Since start of 2024 the share price has fallen 19%, and since inception in July 2017, is down 53%.

So what’s going on here, is this downward momentum sector related. Well, no. Most other REIT’s have bounced off their recent lows whilst RESI is stubbornly stuck in the doldrums. I’ll throw out some possible reasons.

1]. Large seller in background, desperate to take any price they can get.
2]. Concerns over debt c.£182m / LTV 50% [at 31 Sep 2023]
3]. Investors selling up, unhappy with 20% dividend cut [announced 31 Jan] - rebased from 5.16p to 4.12p.
4]. Prolonged disposal of Local Authority Portfolio [c.£20m / 6% of portfolio at 31 Sep 2023]. Was expected to complete early part of 2024.
5]. The market is sceptical re accuracy of NAV.
6]. Too Boring! Niche REIT specialising in retirement rentals/shared ownership properties. No fashionable warehouse/logistics hubs here!
7]. A combination of all or some of above.
8]. No reason at all, it is what it is!

I think there’s good value down at these levels. I’ve recently bought a couple of small tranches, one at 50p, and another today at 46.5p. Really just to add a bit of diversity to my portfolio which is mainly geared towards income plays that also have potential for significant capital growth. As it stands RESI is currently yielding 8.71% based on closing price 47.3p. It trades on a c.44% discount to NAV c.85p.

The valuation gap seems hugely disproportionate to me, perhaps a 15-20% discount would be more fair in today's market, this would imply a share price of 68-72p, an increase of 30-34% on current price. It's worth noting between July 2017 [inception] and mid Sept 2022, the NAV discount [in the main, barring Covid flash crash] was quite narrow/steady at 10-17%, and even traded at a premium on sporadic occasions. Of course around the middle of Sept 2022 interest rates started accelerating which in turn began decimating REIT share prices and widening NAV discounts. The rest is history.

As many of you will be aware, there’s been a fair few REIT's consolidating, merging or opting to initiate wind downs this year due to persistent large NAV discounts. Given the significant discount here and noting RESI’s lowly market cap of c.£88m it might only be a matter of time before one of the above scenarios plays out here.
Residential Secure Income share price data is direct from the London Stock Exchange

Residential Secure Income Frequently Asked Questions (FAQ)

What is the current Residential Secure Income share price?
The current share price of Residential Secure Income is 60.60p
How many Residential Secure Income shares are in issue?
Residential Secure Income has 185,163,281 shares in issue
What is the market cap of Residential Secure Income?
The market capitalisation of Residential Secure Income is GBP 113.32M
What is the 1 year trading range for Residential Secure Income share price?
Residential Secure Income has traded in the range of 45.00p to 63.40p during the past year
What is the PE ratio of Residential Secure Income?
The price to earnings ratio of Residential Secure Income is -11.01
What is the cash to sales ratio of Residential Secure Income?
The cash to sales ratio of Residential Secure Income is 3.63
What is the reporting currency for Residential Secure Income?
Residential Secure Income reports financial results in GBP
What is the latest annual turnover for Residential Secure Income?
The latest annual turnover of Residential Secure Income is GBP 30.48M
What is the latest annual profit for Residential Secure Income?
The latest annual profit of Residential Secure Income is GBP -10.05M
What is the registered address of Residential Secure Income?
The registered address for Residential Secure Income is THE PAVILLIONS, BRIDGWATER ROAD, BRISTOL, BS13 8FD
What is the Residential Secure Income website address?
The website address for Residential Secure Income is www.resi-reit.com
Which industry sector does Residential Secure Income operate in?
Residential Secure Income operates in the REAL ESTATE INVESTMENT TRUST sector

Your Recent History

Delayed Upgrade Clock