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Regional REIT.

jonesa1
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Re: Regional REIT.

#285724

Postby jonesa1 » February 20th, 2020, 6:04 pm

Gerry557 wrote:Another cash raise, so when is it happening?

I suppose it will be done at a slight premium to NAV


the announcement seems to have triggered a halt to the recent gains

richfool
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Re: Regional REIT.

#285738

Postby richfool » February 20th, 2020, 7:47 pm


spiderbill
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Re: Regional REIT.

#285877

Postby spiderbill » February 21st, 2020, 12:13 pm

richfool wrote:Spotted the RNS here:

and broker Peel Hunt downgraded the stock to "restricted":


Well spotted, I wondered what was going on yesterday. No idea what "restricted" is supposed to mean but if the company sees another opportunity to make further profitable aquisitions then I'm happy to see it go ahead based on their recent track record.

Spiderbill

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Re: Regional REIT.

#286005

Postby Gerry557 » February 22nd, 2020, 7:09 am

I suspected "restricted" has something to do with the cash funding. A warning that you might get a discount soon if you are a holder rather than buying outright in the market now and might miss out.

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Re: Regional REIT.

#287415

Postby richfool » February 28th, 2020, 11:48 am

I can't work out when this offer is due to take place. I haven't heard anything from my broker.

I spotted this re the dividend:
https://www.lse.co.uk/rns/RGL/dividend- ... 58zx4.html

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Re: Regional REIT.

#290660

Postby ReallyVeryFoolish » March 14th, 2020, 4:39 am

I am amazed at what has happened to RGL shares the last few days. If anyone has considered buying Regional REIT, now has to be an incredible opportunity. The yield is excellent and the share has fallen from a very recent premium. Nothing has changed with this property porftolio as fas as I can see. It's very well managed. I have too many RGL shares already, or I'd be buying more.

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Re: Regional REIT.

#290661

Postby ReallyVeryFoolish » March 14th, 2020, 4:40 am

richfool wrote:I can't work out when this offer is due to take place. I haven't heard anything from my broker.

I spotted this re the dividend:
https://www.lse.co.uk/rns/RGL/dividend- ... 58zx4.html

I strongly suspect any share offer to be canned, at least in the short term.

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Re: Regional REIT.

#290746

Postby richfool » March 14th, 2020, 12:56 pm

ReallyVeryFoolish wrote:I am amazed at what has happened to RGL shares the last few days. If anyone has considered buying Regional REIT, now has to be an incredible opportunity. The yield is excellent and the share has fallen from a very recent premium. Nothing has changed with this property porftolio as fas as I can see. It's very well managed. I have too many RGL shares already, or I'd be buying more.

I think a major concern for investors is that REIT's and RGL hold retail properties, which are going to be further adversely affected by Coronavirus.

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Re: Regional REIT.

#290769

Postby SKYSHIP » March 14th, 2020, 1:50 pm

richfool - did you check the stats before your post?

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Re: Regional REIT.

#290775

Postby richfool » March 14th, 2020, 2:04 pm

SKYSHIP wrote:richfool - did you check the stats before your post?

I'm not sure what stats you mean.

When tinkering with my choice of words, I did lose the word "may" from my post, in that the sentence should have read:

I think a major concern OF investors is that REIT's and RGL MAY hold retail properties, which are going to be further adversely affected by Coronavirus.

I personally have targeted holdings which tend to avoid retail properties, e.g. RGL and WHR.

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Re: Regional REIT.

#290815

Postby Gerry557 » March 14th, 2020, 4:57 pm

I suspect that the fund raise might be delayed too unless markets normalise, whatever form that might take. I was expecting it to be done in the new tax year at a slight premium, based on the older share price.

Having finally dropped, with the market, I decided to add more at just over 90p as I doubt the offer would have been as generous. I doubt that I will take part in the offer now although that depends on what the offer is. Double discount??

Im not sure where that leaves RGL and its pipeline buying. Will they be able to borrow more on the cheap instead? Its looking like money might start being pumped back into the economy. I suppose it depends on how long and how impacted the event becomes. I think we might have two peaks with a ease in the summer.

Hopefully most will just suffer a slight dip and change working practices for a while until we start to get back to some sort of normal and be able to pay the rent. Retail was only 6%. INTU might be fire selling properties soon too. So mixed feelings about REITs. I suppose they will run the numbers on any pipeline deals and proceed if they work favorably.

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Re: Regional REIT.

#290895

Postby SKYSHIP » March 15th, 2020, 7:49 am

Richfool - OK - understood.

For the record the RGL sector split is as follows:

# Office - 78%; Industrial - 14%; Retail - 6%; Spec/Alt -2%

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Re: Regional REIT.

#290915

Postby ReallyVeryFoolish » March 15th, 2020, 9:51 am

richfool wrote:
ReallyVeryFoolish wrote:I am amazed at what has happened to RGL shares the last few days. If anyone has considered buying Regional REIT, now has to be an incredible opportunity. The yield is excellent and the share has fallen from a very recent premium. Nothing has changed with this property porftolio as fas as I can see. It's very well managed. I have too many RGL shares already, or I'd be buying more.

I think a major concern for investors is that REIT's and RGL hold retail properties, which are going to be further adversely affected by Coronavirus.

I have zero concern with RGL and retail exposure. HTH.

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Re: Regional REIT.

#290960

Postby jackdaww » March 15th, 2020, 11:39 am

so whats the outlook for the office sector ?

:?:

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Re: Regional REIT.

#291403

Postby Spet0789 » March 16th, 2020, 8:46 pm

My wife bought some today. Couldn’t resist the 10+% yield.

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Re: Regional REIT.

#291597

Postby BusyBumbleBee » March 17th, 2020, 12:27 pm

jackdaww wrote:so whats the outlook for the office sector ? :?:


Won't be a need for offices if everyone works from home and the current situation could provoke a paradigm shift

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Re: Regional REIT.

#291647

Postby jackdaww » March 17th, 2020, 2:43 pm

BusyBumbleBee wrote:
jackdaww wrote:so whats the outlook for the office sector ? :?:


Won't be a need for offices if everyone works from home and the current situation could provoke a paradigm shift


================

so does this look bad for RGL ??

:shock:

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Re: Regional REIT.

#291817

Postby 88V8 » March 17th, 2020, 11:09 pm

Suggestions today that distressed cos should have a three month rent holiday.

Ahhh, those evil landlords, expecting rent.

V8

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Re: Regional REIT.

#291819

Postby Spet0789 » March 17th, 2020, 11:12 pm

BusyBumbleBee wrote:
jackdaww wrote:so whats the outlook for the office sector ? :?:


Won't be a need for offices if everyone works from home and the current situation could provoke a paradigm shift


I did have a think about this. Only a minority of their portfolio comprises offices, and offices are usually fairly straightforward to convert into residential if needed.

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Re: Regional REIT.

#291821

Postby richfool » March 17th, 2020, 11:16 pm

Spet0789 wrote:
BusyBumbleBee wrote:
jackdaww wrote:so whats the outlook for the office sector ? :?:


Won't be a need for offices if everyone works from home and the current situation could provoke a paradigm shift


I did have a think about this. Only a minority of their portfolio comprises offices, and offices are usually fairly straightforward to convert into residential if needed.

I had a look through their Report & Accounts and noted that many of the office lets were to big companies, like HBOS, Lloyds and Gov departments.


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