marktime1231
24 Oct 2019
What chance another bid for RDI Results today as expected, and performance / outlook boosted by post year end activity to derisk retail and focus on beds, sheds and desks. The business feels like it is sustainable and executing a sensible strategy. The boost from today is that we get the full 6p dividend for the second half rather than the 4p version which was shrunk because of the Aviva loan default. NAV has held up at around 185p per share, the sort of level at which the bid was turned down. Could asset values recover with the path laid to a Brexit outcome … enough to counter any further decline in retail property demand? Who knows but a 10p yield is covered even if a 12p is not pro tem. A recovery in sp to 140p would still represent a discount to value on paper of 20-25% while yielding 7%+. Regretting not adding further at 108p in September my trailing buy order missed by a whisker, but it is nice to have a section of my income IT portfolio in the blue. I am sure there are other good looking REIT opportunities (I have been tracking a bunch including NRR, RGL, SWEF, ASLI, INTU) but the recovery here has been excellent and I think there should be further progress to come.
marktime1231
25 Jul 2019
What chance another bid for RDI No more bid rumours but the sp is recovering gently
marktime1231
29 May 2019
What chance another bid for RDI The decision to reject the bid from Cromwell last month, rumoured to have been in the 180-185p range, is beginning to look bold. Management said it was one of many such approaches it has received and that it considerably undervalued the assets and the prospects of the REIT. Since when NAV has drifted down towards that offer figure. The share price has plunged to 112p. At which point I have doubled up, ahead of a 4p ex-div on 6 June. The approx. 40% discount to NAV and the 8-9% prospective yield cannot be ignored, protected in my income SIPP in order to avoid PID taxes. Now I am not saying for sure the sp has hit rock bottom, but it is definitely oversold and a real bargain, and if the sp does fall significantly from here I will be looking to double up again in time for the next dividend. I believe the management when they say the Aviva shopping centre loan issues will be resolved over time, that the H2 dividend will recover to approx. 6p, and that an increasing focus on “beds, desks and shelves†will mitigate the run on retail property. The board support from South African major shareholder Allan Gray has clearly been strong so far, they must agree that the sp is considerably undervaluing the business on sentiment. And there is always a chance that the next bid at 50% over the market price will not be rebuffed so boldly, pressure from corporate investors to realise value must be intense. But I am not betting on that, I am settled on the prospect of attractive income and that if I hang on long enough eventually the sp will recover to a fair value of around 150p. Staring at a red line in my portfolio in the meantime while the holding shows a capital loss
marktime1231
09 Feb 2018
Re: Results Excellent point we pay enough in charges already, and a good suggestion, I will line up a selection to study and track performance. RDI, NRR, ASLI and AEW were already in view. SIHL is effectively property? High street retail, london office space and residential / student property / ground rent grazing lack appeal but maybe that is false sentiment.
marktime1231
08 Feb 2018
Re: Results Despite positive reports of results, restructuring, portfolio adjustment, leverage reduction etc the sp of RDI has actually continued to jag down in determined fashion from 45p two years ago, and a dividend trim along the way. Now at a 5 year low, what will turn things upward? Fed up waiting for this to nose above 40p again, so I have quit today.It feels like there are too many little property trusts launching or expanding with a niche focus, the next new one always with so much better prospects than the last. No property seems a good bet right now, but a portfolio without seems incomplete so I will be looking for alternatives.
paul1945
14 Nov 2017
Re: Director dealing I did wonder myself it did say deals done on JSE
foolish learner
13 Nov 2017
Re: Director dealing Has he actually bought these shares or are they allocated to him for his part in the hotel deal?why can't RNS about shares be simplified?
paul1945
13 Nov 2017
Director dealing Never heard of this company big buying today shares look cheap but looks like they have hardly moved up is it a case of just over looked all the time
FRTEB
26 Oct 2017
Results Solid set of annual results out today for RDI. One of the better REITs - very diversified and higher than average REIT yield.Annual dividend currently ~ 7% (based on 37p SP) and covered. "Second interim dividend" of 1.3p declared - goes ex-div 1st December for payment on 18th December (3.5% return on current SP).SP more or less sat on rising support from 2012. This has been on my watch list for a while. Based on the results I pressed the button this morning for a fair sized chunk.
ballymena bill
20 Mar 2017
Re: going up I've bought a few mor
Krayl
19 Mar 2017
Re: going up I have been holding on to these despite the fall in price. Had another look a couple of days ago and couldn't bring myself to sell - I can't see anything wrong with them.
foolish learner
18 Mar 2017
going up Nice move up Friday on a very high volume, hoping the trend continu
foolish learner
15 Mar 2017
Re: slipping price A worrying time I think. I took a small but quick profit from these in 2015 and then stayed away until January this year thinking that the price was in recovery mode, (foolish by name and thought) Being on a looser I am holding to the next report and hoping for some good news for the anticipated dividend in May Its one of those shares that you see little written about FL
ballymena bill
15 Mar 2017
slipping price Anyone any idea why the price keeps dropping?
ballymena bill
04 Feb 2017
Re: New Placing My main worry is the sell off properties
