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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 | 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 |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/6/2025 | 15:36 | UK RNS | Residential Secure Income PLC Holding(s) in Company |
| 04/4/2025 | 11:48 | UK RNS | Residential Secure Income PLC Fund Management Fee |
| 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 Dividend Declaration |
| 22/1/2025 | 07:00 | UK RNS | Residential Secure Income PLC Final Results for the year ended 30 September.. |
Residential Secure Income (RESI) Share Charts1 Year Residential Secure Income Chart |
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1 Month Residential Secure Income Chart |
Intraday Residential Secure Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/6/2025 | 14:37 | ::: Residential Secure Income plc ::: | 420 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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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 55.5pAnother 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. |
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