tiltonboy
08 Mar 2017
Re: Good value again I agree and that's why I'm buying. Picked up a few more this afternoon.
Richygm
08 Mar 2017
Re: Good value again Which is doubly puzzling. I would have thought this is one share not to sell right now.
tiltonboy
08 Mar 2017
Re: Good value again There have been two sellers recently, but rationale for selling is unknown.
Richygm
08 Mar 2017
Re: Good value again Looks like a big holder is selling. Why?
tiltonboy
07 Mar 2017
Re: Good value again I've picked up a few over the last few days, and my buy trades have been immediately matched by corresponding sales. Liberum have got two sellers who are doing half each of my orders. The same thing happened last year when I was buying stock.
Richygm
07 Mar 2017
Re: Good value again 500k trades at 56p this morning. Sells, by the look of it. Why?
old_punter
07 Mar 2017
Good value again At 57p to buy I reckon these are attractive again given the discount to NAV, dividend and savvy management, what do others think?
KEEPING CALM MIKE
19 Sep 2016
Results out Not going anywhere following these results . K.C.M.Financial Highlights• Gross property assets of £194.5 million, up 23.5% (FY 2015: £157.5 million)• EPRA NAV per share of 63.1p, down 2.2% (FY 2015: 64.5p)• Revenue of £6.0 million, up 58% (H1 2015: £3.8 million)• EPRA EPS of 1.3p, up 160% (H1 2015: 0.5p)• Profit before tax, revaluation and loss on valuation of interest rate swaps of £2.4 million, up 60% (H1 2015: £1.5 million)• Pre-tax loss of £560,000 (H1 2015: profit £8.1 million) due to loss on revaluation of interest rate swaps of £1.2 million (H1 2015: £690,000 surplus) and property revaluation loss of £1.8 million (H1 2015: £5.9 million surplus), both non-cash items• Second quarter dividend of 0.625p, making total dividend for the first half of 1.25p, up 25% (H1 2015: 1.0p)• Average cost of debt reduced to 4.1% (FY 2015: 5.7%)• Cash and available facilities of £14 million (FY 2015: £11 million)Operational Highlights• Annualised contracted rental income increased to £15.6 million, up 31% (FY 2015: £11.9 million)• Total acquisitions of £37.3 million (inclusive of costs) were made during H1, with a combined income of £3.6 million and a potential reversion to £3.8 million, showing a 9.1% net initial yield and 10.2% reversionary yield (excluding land acquisition), with significant asset management potential• Total ownership of 1.4 million sq ft (FY 2015: 1.1 million sq ft) up 27.4%• Overall occupancy increased to 92.6% - (FY 2015: 89%)• WAULT of 4.8 years (to break) (FY 2015: 5.2 years)• Number of tenants 241 (FY 2015: 211) up 14.2%• REI’s portfolio benefitting from the active management programme
Improved occupier demand, in particular the retail sectoro Rental uplifts from rebased recessionary rentso Reducing incentives and increasing lease termso Change of use planning approvals, capturing rising occupier demando 19 new lettings and 3 lease renewals in H1 2016Dividend TimetableQ2 Ex-dividend date: 29 September 2016Q2 Record date: 30 September 2016Q2 Dividend payment date: 28 October 2016
Simbrad
08 Jun 2016
Liberum published a note on RLE this morning on Research Tree: "The £20m acquisition of the Market Shopping Centre in Crewe leaves REI well on track to meet or exceed our full year earnings and dividend forecast. The centre has been acquired at a 9% net initial yield with opportunity to add value through extension and reconfiguration. The shares trade at a CY16E P/NAV of 0.94x in line with the sector, but with a DPS yield of 4% which increasingly has upside potential."
Richygm
15 Mar 2016
Re: Results Agreed. Disappointing reaction. But they've had a good run, and now yield about 3%, with a prospect of further dividend increases to come. One to hold, I think.
Richygm
15 Mar 2016
Re: Results Agreed. Disappointing reaction. But they've had a good run, and now yield about 3%, with a prospect of further dividend increases to come. One to hold, I think.
KEEPING CALM MIKE
14 Mar 2016
Results Record Contracted Rental Income, Profits, Dividend and OccupancyFinancial Highlights• Gross Property Assets £157.5 million, up 50.9%• EPRA NAV per share 64.5p (2014: 61.3p) up 5%• Rental income £8.4 million (2014: £6.1 million) up 38%• Contracted Rental Income £11.9 million, up 54.5%• Profit before Tax £12.2 million (2014: £6.0 million) up 104%• EPRA** EPS 0.81p (2014: loss 0.36p)• Net loan to value 22.4% (2014: 35.2%) up 36%• Gross debt £44 million (2014: £43 million)• Total dividend per share for 2015 up 33% to 2p, final dividend 1p per share• Post period end, secured a new 5 year £30 million facility with RBS at 1.75% above LiborOperational Highlights• Conversion to a Real Estate Investment Trust (REIT*) on 1 January 2015• £45 million capital raise in April 2015, successfully deployed, acquisitions totalling £57.7 million (2014: £29.4 million)• Overall occupancy 89% and WAULT*** 5.28 years (to break) (2014: 84.6% and 4.4 years)• Acquisitions totalling £57.7 million (2014: £29.4 million) up 96.3%• Property disposals proceeds totalling £15.3 million (2014: £7.0 million) including non-core assets as REI continues to recycle capital to improve growth profile of portfolio• Total ownership 1.1 million sq ft (2014: 799,112 sq ft) up 37.6%• 211 Tenants (2014: 175) up 20.6%Definitions* REIT = Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental profits or capital gains from their qualifying activities** EPRA = European Public Real Estate Association***WAULT = Weighted Average Unexpired Lease TermCommenting, Paul Bassi, CEO of Real Estate Investors, said:“We have enjoyed progressively positive results over concurrent years, together with a growing dividend payment. We anticipate continued growth in our portfolio in 2016, and further rental and capital growth over the coming years, all of which will underpin our commitment to paying a progressive dividend.Our region is in the early stages of its re-emergence as an economic and commercial powerhouse, underpinned by a number of supporting factors, not least, the highest level of future inward investment the region has ever seen, building on the now established new business and industrial prosperity, which is clearly evidenced by the renewed buoyancy in new job creation across the region.”Enquiries:
KEEPING CALM MIKE
14 Mar 2016
results out RESULTS OUT POOR REACTION.This stock is too this thinly held and very low profile, deserves a good kick, maybe an investor road show to get some excitement. K.C.M.
Richygm
01 Nov 2015
Why the cotinuous... selling? Views anyone?
Richygm
16 Sep 2015
Re: Results look good... Well, they went down like a lead balloon!
