Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 56.80 | 173,189 | 15:23:30 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 56.80 | 57.40 | 57.00 | 56.80 | 57.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 30.48M | -10.05M | -0.0543 | -10.46 | 105.17M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:23:30 | AT | 203 | 56.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 27/2/2025 | 15:12 | UK RNS | Residential Secure Income PLC Result of AGM |
| 07/2/2025 | 12:09 | ALNC |  Residential Secure Income reports rental growth as it advances wind-up |
| 07/2/2025 | 07:01 | UK RNS | Residential Secure Income PLC Dividend Declaration |
| 07/2/2025 | 07:00 | UK RNS | Residential Secure Income PLC 1Q25 NAV and corporate update |
| 22/1/2025 | 18:48 | ALNC | EARNINGS: Residential Secure Income presses on with asset realisations |
| 22/1/2025 | 07:11 | ALNC | *Residential Secure Income declares interim dividend of 1.03p, unchanged.. |
| 22/1/2025 | 07:00 | UK RNS | Residential Secure Income PLC Final Results for the year ended 30 September.. |
| 22/1/2025 | 07:00 | UK RNS | Residential Secure Income PLC Dividend Declaration |
| 15/1/2025 | 10:01 | UK RNS | Residential Secure Income PLC Notice of Results |
| 13/1/2025 | 14:29 | ALNC | IN BRIEF: Residential Secure completes property sale for GBP15 million |
Residential Secure Income (RESI) Share Charts1 Year Residential Secure Income Chart |
|
1 Month Residential Secure Income Chart |
Intraday Residential Secure Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/3/2025 | 20:56 | ::: Residential Secure Income plc ::: | 381 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:23:30 | 56.80 | 203 | 115.30 | AT |
| 14:52:29 | 57.00 | 55,725 | 31,763.25 | AT |
| 14:52:29 | 57.00 | 11,275 | 6,426.75 | AT |
| 14:43:27 | 57.20 | 14 | 8.01 | O |
| 14:11:32 | 57.00 | 90 | 51.30 | O |
| Top Posts |
|---|
Posted at 28/3/2025 08:20 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 56.80p.Residential Secure Income currently has 185,163,281 shares in issue. The market capitalisation of Residential Secure Income is £105,172,744. Residential Secure Income has a price to earnings ratio (PE ratio) of -10.46. This morning RESI shares opened at 57p |
Posted at 17/2/2025 07:17 by langland Interesting development with AGR and the involvement of the USS. As one of the 2 big lenders to RESI I wonder if there will be similar corporate action here particularly since RESI is a willing seller. |
Posted at 22/1/2025 11:25 by up4itt I watched the presentation, from which it was clear that the wind-down is not in the long-term interests of the shareholders, given that (a) this is not a good macro environment in which to be disposing of the portfolio and (b) this is a well-managed business that produces a good income for investors for the foreseeable future. On the other hand, the wind down may well be in the interests of Gresham House, who wish to exit as soon as possible and hope to make a short-term gain.I’m sure that these facts are well known to the the RESI team, who spent most of the presentation demonstrating convincingly that RESI is an efficient, socially responsible and financially viable business, yet were vague on the question of the costs of the wind-down (which of course will be borne by shareholders) and were unable to explain how they will be able to “maximise value” at a time of rising long term yields, relatively poor macro conditions and against the backdrop of a self-imposed deadline of 12-24 months. Shareholders should be able to see some short term benefit from the disposal of the assets, given the currently prevailing wide discount on NAV, but only at the cost of giving up a secure revenue stream and the prospects of better long term capital appreciation. |
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 15:23 by cwa1 Not that it's especially relevant to a thread about RESI-but the share price of MPO IS 25-28p |
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 15/1/2025 12:46 by eekhoorn 'Residential Secure Income plc (ReSI plc) (LSE: RESI), which invests in independent retirement living and shared ownership to deliver secure, inflation-linked returns, will publish its Annual Results for the year ended 30 September 2024 at 07:00am BST on Wednesday 22 January 2025.'Annual results finally released next week, hopefully this will include a dividend announcement. We should also be due a NAV update for 31st Dec around the end of this month. |
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 13:45 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 17:29 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. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
