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REI Resources It

311.80
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Resources It LSE:REI London Ordinary Share GB0030983141 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 311.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 311.80 GBX

Resources Investment Trust (REI) Latest News

Real-Time news about Resources It (London Stock Exchange): 0 recent articles

Resources Investment Trust (REI) Discussions and Chat

Resources Investment Trust Forums and Chat

Date Time Title Posts
07/4/200800:02Resources Inv. Trust: Good Timing?291
27/11/200522:45Top Ten Holdings5
15/10/200214:20Deutsche Bank make major share acquisition of RIT-

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Resources Investment Trust (REI) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Resources Investment Trust (REI) Top Chat Posts

Top Posts
Posted at 23/5/2007 11:49 by bobobob5
bionicdog: Emerald Energy EEN (and their 50% partner in Syria, Gulfsands Petroleum GPX) have very recently struck oil in Syria, their KE-1 well is being tested as we speak. The president of Gulfsands Syria made some very positive noises to 'Syriasteps' recently about this well, and the companies announced last Friday that they are starting another well on the same prospect early next month. Anyone holding large large amounts of stock in these companies is aware of the significance, Evolution said very recently that a positive result could add £1 to the Emerald price. But I don't know if REI still hold their considerable # of EEN, or if they've sold recently. bob

imho DYOR etc
Posted at 26/10/2006 10:44 by frizzers
They're currently winding up this fund and returning cash to shareholders. Should take about 6 months.



return will be at NAV - currently 238 - - but if they do liquidate it will put pressure on price of shares they do hold. Broker seems to think this would be done gradually so as not to affect price.

'Another move up in the mining sector will override anything anyway'.
Posted at 24/5/2006 10:32 by tuffbet
NAV 252 today

My expectation is that as the volatility of the equity markets increases and the Dollar continues to fall Gold will rise strongly again as a safe haven. Just my opinion but nothing I have seen in the last few days could convince me that the long term up trend in commodities ,especially minerals will not remain in place -it's just a question for REI holders of whether the price can stand aside from general weakness in the non commodity stocks
Posted at 16/5/2006 11:43 by hargri
NAV 12 May 288.71 : 15 May 271.66. Down 17p, so you were spot on Munin. At current mid price 225 gives 17% dicount. I'm in these for the long term as expect commodity prices to continue overall upward trend.
Posted at 16/5/2006 09:04 by tuffbet
Just to make clear what I meant by "I think we are in a long long term reversal in hard commodity prices what I was trying to say was that I think their is a very sound argument for suggesting that we are still at the relatively early stages of a long term bull market in hard commodities but in long term bull markets you should expect corrections - when they happen it is generaaly much better to be in investments trading at a significant discount rather than at or around NAV - those in assets trading at a big premium should have more to be concerned about.

I think the case for Gold is however good enough that the Gold price itself may well correct very little because it will be seen as a hedge against falling financial asset prices and a falling ,possibly collapsing Dollar . How that strength in the Gold price( just my expectation) translates into resources stock prices remains to be seen but I would much rather have my money there right now than residential property or a cross section of UK/US ordinary shares.
Posted at 15/5/2006 11:43 by tuffbet
Munin and armistead

agree with the points you both makin that it makes sense to buy at a discount in the hope that you can get that double whamee ie the rise in the underlying asset value and a narrowing of the discount.

Lots of Investment trusts have now put in place schemes to cause the discount to narrow and stay narrow eg buying back shares and holding them in Treasury etc so any trust at a big discount right now could benefit from their board taking this approach soon .

It was obvious the mining stocks were going to hit the wall at some point soon and its better that some of the froth is blown off now. Personally I think any blow off will be temporary, as far as the better quality stocks are concerned, because I think we are in a long long term reversal in hard commodity prices. The fact that REI is at such a big discount to NAV should give the share better than average support.

REI is also reasonably well diversified it's not a pure mineral or gold play so I am happier here than I would be in a single metal ETF - will just pop the copper and zinc helmet on and keep the head down for a few days looking up occassionaly to see if the market has done anything daft I can profit from.
Posted at 14/5/2006 21:50 by armistead34
Nope, what you say makes sense as far as maximising an exit price, now.

I'm just trying to point out that in comparison to the rise in share price over the last two years, say, a ten-fifteen percent discount is relatively insignificant. And should you wish to make further purchases, and still believe in the merits of the investment case, a discount is better to buy into.

Anyway, good luck with your holding. It will be interesting to see how it negotiates the next couple of weeks.
Posted at 25/4/2006 21:46 by nephin
On the Trustnet site it says that REI is the top riser so far this year - even ahead of the mighty JRS.

I think that this I.T. will really shine this year.

As an aside line if there is anybody who is interested in other commodity I.Ts have a look at SVU & SVM - particular their top holdings.

Good luck to fellow travlers - let's hope that the journey is a profitable one.
Posted at 24/4/2006 20:55 by wirralowl
Key holding EEN gone through the roof the last few days (long term prospects finally being recognised, as new management shake the 'Emerald the Dog' tag). Increasing production and potentially explosive Syrian prospects should continue to see EEN contribute nicely to the NAV of REI.
Posted at 18/4/2006 14:47 by armistead34
Would there be any way of making the current NAV of REI available on this page? As for example, JRS, MNE, MLW?

Does REI make it available?
Resources Investment Trust share price data is direct from the London Stock Exchange

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