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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
  0.00 0.0% 94.00 184,555 16:29:50
Bid Price Offer Price High Price Low Price Open Price
93.00 94.00 94.00 93.00 93.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 32.20 2.45 1.40 67.1 170
Last Trade Time Trade Type Trade Size Trade Price Currency
17:01:00 O 219 94.022 GBX

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Date Time Title Posts
14/4/202120:51::: Residential Secure Income plc :::129

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Residential Secure Income (RESI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:01:1594.02219205.91O
15:35:0794.003,5913,375.54UT
15:29:5094.00336315.84AT
15:29:4593.002,0001,860.00AT
15:29:4593.201,6001,491.20AT
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Residential Secure Income (RESI) Top Chat Posts

DateSubject
21/4/2021
09:20
Residential Secure Income Daily Update: Residential Secure Income Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker RESI. The last closing price for Residential Secure Income was 94p.
Residential Secure Income Plc has a 4 week average price of 91p and a 12 week average price of 87p.
The 1 year high share price is 96p while the 1 year low share price is currently 85.40p.
There are currently 180,324,377 shares in issue and the average daily traded volume is 212,489 shares. The market capitalisation of Residential Secure Income Plc is £169,504,914.38.
07/4/2021
14:27
raptor_fund: Panshanger. What's your thoughts on SLI? I have RESI and RGL as well. I can understand why RGL trades on a discount, given its gearing and the uncertainty about the assets it holds, but a larger part of SLI is in industrials and the gearing is quite reasonable. They have been doing big buy backs, but the price doesn't budge.
07/4/2021
10:13
davebowler: Liberum; Residential Secure Income Full dividend cover expected in Q3 2021 Mkt Cap £157m | Prem/(disc) -11.3% | Div yield 5.4% Event Residential Secure Income expects to reach full dividend cover from July 2021. The improved earnings position is largely a result of the deployment of additional capital in shared ownership properties in recent months. RESI is now fully deployed with a gross LTV ratio of 47%. RESI - net rent less interest by asset type (excludes fund management and operating costs) £m Pence per share Retirement Living 6.3 3.6 Shared Ownership 2.2 1.3 Local Authority 1.4 0.8 Total 9.9 5.7 Source: Liberum, Company data The shared ownership portfolio now comprises 549 homes (including 85 committed acquisitions). Of the 464 acquired properties, 418 are occupied, 31 are reserved and 15 are available for occupation. Retirement living properties accounted for 69% of the portfolio (based on December 2020 valuations). Void levels have reduced to 8% across the retirement living portfolio from a peak of 11% in July 2020. The local authority assets (11% of portfolio) continue to perform well with 100% rent collection in the period. Liberum view The expectation of full dividend cover by July is ahead of the previous guidance of October 2021. The dividend cover issue has been addressed through shared ownership acquisitions and reducing voids in the retirement living portfolio. It will be almost four years from IPO by the time full dividend cover is achieved. This is partly due to the strategy of focusing on shared ownership assets in recent years, rather than immediate income-producing properties. We expect a gradual re-rating in the shares as the improvement in recurring EPS comes through from acquisitions.
31/3/2021
09:17
davebowler: Liberum; Event Residential Secure Income has acquired 191 shared ownership homes from Orbit for £16m. The portfolio comprises 180 houses and 11 apartments, spread across 18 counties in England. All of the homes are occupied and income generating (acquisition yield not disclosed). The average share of the homes already owned by the residents is 43%. RESI has funded the acquisition from its £300m debt facility and the total shared ownership portfolio now comprises 549 homes. Liberum view The acquisition will contribute towards an improvement in dividend cover. Previously, the company guided towards full cover from October 2021 compared to an expected level of 0.8x in the 12 months to September 2021. The manager intends to address dividend cover by through shared ownership acquisitions (£21m acquired in Q1 2021) and reducing voids in the retirement living portfolio The £324m portfolio is primarily invested in retirement living assets (69% of portfolio value vs. 19% for shared ownership) but the weighting to shared ownership properties will rise as this accounts for the bulk of new investments.
28/1/2021
10:17
davebowler: Liberum; Residential Secure Income 0.8x dividend cover expected for FY 2021 Mkt Cap £151m | Prem/(disc) -16.1% | Div yield 5.7% Event Residential Secure Income's NAV per share at 31 December 2020 was 105.0p per share, representing a NAV total return of 1.2% in Q4 2020 and +2.1% over the prior 12 months. The portfolio valuation increased by 0.6% on a like-for-like basis, predominantly due to shared ownership assets. Recurring EPS was 0.8p in the period, representing dividend cover of 0.6x. The manager expects recurring earnings of 4.0p for the year to 30 September 2021 (0.8x dividend cover) and projects full dividend cover on a run-rate basis by October 2021. The incremental improvement in income is expected to be driven increased occupancy across shared ownership assets. The £305m portfolio is primarily invested in retirement living assets (c.70% of portfolio value). The weighting to shared ownership properties will rise as this accounts for the bulk of new investments. Covid-19 had impacted the company's ability to bring in new tenants but occupancy is beginning to recover. Voids have reduced from a high of 10.5% in July to 8.5% currently. Rent collection remains high at 99%. Liberum view The company's 2.1% NAV total return in 2020 reflects the impact one-off events including debt facility set-up costs of £2.4m and a £0.5m reduction in the retirement living portfolio valuation from a VAT change. The discount to NAV is c.18% wider than social housing peers and we believe this reflects the lower level of dividend cover. The strategy to acquire shared ownership assets, rather than immediate income-producing properties, has contributed to lower dividend cover. The manager intends to address dividend cover by deploying £32m in shared ownership properties and reducing voids in the retirement living portfolio and an improvement in cover by Q4 should lead to a re-rating of the shares.
24/12/2020
11:55
cwa1: Residential Secure Income plc Acquisition of 85 new build homes for shared ownership Homes acquired from Brick By Brick, the development company set up by Croydon Council Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and local authority housing, has exchanged contracts for GBP29 million to acquire up to 85 newly completed homes for delivery as shared ownership. The properties are being acquired from Brick By Brick, the housing development company set up to deliver a large programme of high quality and affordable homes for local people across the London Borough of Croydon. The transaction will allow Brick By Brick to offer these homes as shared ownership, accelerating the delivery of much-needed affordable homes and returning the proceeds of the sale to the London Borough of Croydon to be spent on frontline services. The homes will be held by ReSI's wholly owned registered provider of social housing, ReSI Housing, and part financed by government grant. The acquisitions will be completed in a staggered manner to align with when purchasers are ready to occupy the properties. This is expected to happen rapidly, as 90% of Brick By Brick's available homes for sale are already reserved. The portfolio consists of one, two and three-bedroom apartments in new developments in Upper Norwood, Thornton Heath and South Croydon in South London, designed by outstanding architects, including RIBA Stirling Prize-winning Mikhail Riches. The homes have been developed to a high specification, with timber parquet flooring, Silestone worktops, Bosch appliances and private balconies. The homes meet or exceed ReSI's sustainability criteria and include secure cycle storage, solar energy, electric vehicle charging points, and have an energy efficiency Environmental Performance Certificate rating of B or higher. Shared ownership allows a purchaser to buy a property with a lower deposit requirement and lower annual costs, making the apartments more affordable and allowing local individuals and families to get onto the housing ladder. The homes will follow ReSI's best practice approach, as set out in its shared ownership customer and environmental charters and will be available starting at 25% shared owner stakes on 250-year shared ownership leases. The deal brings ReSI's total shared ownership portfolio to 281 homes and will be funded through the GBP300m 45-year debt facility ReSI put in place in July. Upon occupation, each home will be fully income generating, with an expected inflation-linked leveraged yield which supports ReSI's 8% total return and c. 5% dividend targets. Assuming that the shared owners each acquire approximately 25% of their asset from ReSI on occupation, the acquisition commits more than half of the GBP32m capital still required to reach ReSI's target 50% leverage. Earlier this month, ReSI reported resilient rent collection, at more than 99% for the year to September. This is in line with normal performance and was unchanged through the Covid-19 pandemic, supporting virtually flat investment valuations for the year. ReSI's recent shared ownership deals include the July 2020 purchase of the final 73 apartments at Clapham Park, London, from Metropolitan Thames Valley Housing, and 39 houses from Step Forward, in Cheshire, Lancashire and Yorkshire, also in July. Ben Fry, investment manager of ReSI Capital Management and head of housing at Gresham House, said: "We are delighted to help Brick By Brick increase its delivery of affordable homes, while generating a return for the London Borough of Croydon. These homes exemplify the sort of high-quality assets we seek, delivering value and housing security to first-time homeowners, and meeting the pressing housing needs of London and the rest of the UK. We see this as the start of a long-term partnership with Brick By Brick to facilitate its delivery of much needed affordable homes. "This investment further diversifies our portfolio and is a key step to reaching full dividend cover by the beginning of October 2021. We look forward to updating shareholders on further progress in 2021." Colm Lacey, Chief Executive at Brick By Brick added: "Brick By Brick's partnership with ReSI will help us to realise the delivery of high-quality and affordable housing in Croydon and accelerate the returns we provide to our shareholder Croydon Council. ReSI's approach means we are transacting with a registered provider of social housing that delivers best-in-class shared ownership and provides long-term housing security for Croydon's residents." ENDS ENDS
18/8/2020
18:53
cwa1: Very modest after hours announcement of a Director's purchase:- 18 August 2020 Residential Secure Income plc Share Purchases Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, announces that on 13 August 2020 Elaine Bailey, Non-Executive Director of ReSI, purchased the following number of ordinary shares in the Company. PDMR Date Acquired Number of shares acquired Elaine Bailey 13 August 2020 5,000 ---------------- -------------------------- ReSI's Non-Executive Directors now hold 168,552 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,413,517. The Investment Manager also owns 752,989 ordinary shares directly. The Investment Manager and its current and former directors thus hold 3,166,506 ordinary shares, 1.95% of shares in issue (excluding shares held in treasury).
08/7/2020
07:07
skinny: Acquisition of 39 shared ownership homes. Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable Shared Ownership, retirement and Local Authority housing, has acquired 39 shared ownership homes for a total consideration of £3.5 million including deferred payments. The properties have been purchased from Step Forward Homes, which specialises in the provision of homes for key workers, in particular the Armed Forces and Emergency Services personnel. The portfolio is located across the north west of England and comprises 24 two and three bedroom homes that will be immediately income generating, enhancing ReSI's dividend cover. The remaining 15 homes will be acquired by ReSI within six months once construction is completed and the homes are occupied. The acquisition brings ReSI's total shared ownership portfolio to 205 homes and is funded through ReSI's new ultra-long term £300 million debt facility. Gary Metcalf, Director at Step Forward Homes said: "The proceeds from this timely sale will be recycled into the development of further, much needed affordable homes for key workers. This is the first transaction we have worked on with the team at ReSI and we are looking forward to building a longer term relationship with them as Step Forward works to create a lasting social impact." Ben Fry, Investment Manager of ReSI Capital Management, commented: "We are particularly pleased to have completed this transaction against the current backdrop where many families, particularly those of key workers, are facing challenging situations where we can help meet a clear need. This is a portfolio of high quality homes that further expands our shared ownership exposure and enables us to support housing delivery at a time when the supply is starved."
21/3/2020
20:39
rambutan2: 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
20/3/2020
21:40
rambutan2: 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.
05/3/2020
09:13
davebowler: 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.
Residential Secure Income share price data is direct from the London Stock Exchange
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