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Redefine Intl Share Price (RDI)



Share Price Information for Redefine Intl (RDI)


Share Price: 51.25Bid: 51.05Ask: 51.65Change: -0.25 (-0.49%)Faller - Redefine Intl
Spread: 0.60Spread as %: 1.18%Open: 51.70High: 51.70Low: 51.00Yesterday’s Close: 51.50
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Redefine International P.l.c. Ord 8P

Redefine Intl is listed in the FTSE 250, FTSE All-Share, FTSE 350, FTSE 350 High Yield
Redefine Intl is part of the Real Estate Investment Trusts sector






Share Price SpacerPrice
51.25

Share Price SpacerBid
51.05

Share Price SpacerAsk
51.65

Share Price SpacerChange
-0.49%-0.25

Share Price SpacerVolume
107,454

Share Price SpacerOpen
51.70

Share Price SpacerHigh
51.70

Share Price SpacerLow
51.00

Share Price SpacerClose
51.50

Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX IM 1,296.10m £664.25m 7,500

52 Week High 61.00 52 Week High Date 31-DEC-2013
52 Week Low 46.25 52 Week Low Date 8-OCT-2013

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
80 45,708 61,746 7.695 6.66 3.11 6.07


London South East Users info for Redefine Intl




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

01-Oct-14
14:59:37
51.25
486
Sell* 
51.05
51.70
249.08
Trade Type:
Automatic execution

01-Oct-14
14:59:37
51.25
123
Buy* 
51.05
51.25
63.04
Trade Type:
Automatic execution

01-Oct-14
14:59:33
51.20
1,775
Buy* 
51.05
51.25
908.80
Trade Type:
Automatic execution


*Buys and Sells are calculated on the difference between the trade price and the current mid price. As such, they can occasionally be incorrect.

View more Redefine Intl trades >>

Directors Deals for Redefine Intl (RDI)
Trade DateActionNotifierPriceCurrencyAmountHolding
04-Jun-14Scrip Dividend
Trade Notifier Information for Redefine International
Bernard Nackan held the position of Non-Executive Director at Redefine International at the time of this trade.
 Bernard Nackan
04440
04-Jun-14Scrip Dividend
Trade Notifier Information for Redefine International
Marc Wainer held the position of Non-Executive Director at Redefine International at the time of this trade.
 Marc Wainer
038,0021425323
31-Aug-13Notification of Holding
Trade Notifier Information for Redefine International
Richard Melhuish held the position of Non-Executive Director at Redefine International at the time of this trade.
 Richard Melhuish
0016922
View more Redefine Intl directors dealings >>

Date/Time
Author
Subject
Share Price
Opinion
22 Jul '14
ecovest
due a rise
51.65
No Opinion

Let's hops so after today's fall!
22 Jul '14
mikemm
Due a rise
52.40
No Opinion

Might have some news here soon!!! Tweet tweet in my ear ;-)
16 Mar '14
jange
rdi
50.25
No Opinion

Given the renaissance in demand for regional property assets, Redefine's share price premium over forecast net asset value looks justified. It's also worth pointing out that at 6.2 per cent rising to 6.4 per cent in 2015, the prospective dividend yield is one of the highest in the sector. So, with rental income and property values both set to grow, together with the dividend, shares in Redefine present a compelling case for growth and income seekers
16 Mar '14
jange
rdi
50.25
No Opinion

Rental income is also expected to rise as more refurbishments start to contribute to the bottom line. At St Georges in Harrow, the final refurbishment is expected to be completed by Easter this year, while a 50,000 sq ft extension at Birchwood in Warrington has now been completed. However, while consumer sentiment is clearly improving, footfall remains in decline, and Redefine believes a full recovery will not return until consumers experience real wage growth. The company also has a stake in Australian-based Cromwell Property, and while its performance has been solid enough, Redefine's exposure is unhedged, and the Australian dollar has declined by nearly 6 per cent since last August. Sensibly, Redefine sold a further 8.46m shares in December, taking its stake down to 13.2 per cent. Group net asset value in the short term could also come under pressure from weakness in the euro, with the group's shopping centres and government-let offices in Germany and the Netherlands accounting for around 16 per cent of gross rental income. Group finances have been boosted by a placing at 47.5p last month, expanded due to strong demand from 7.5 per cent to 9.9 per cent of the share capital, raising £54.7m before expenses and priced at a 6.4 per cent discount.
16 Mar '14
jange
rdi
50.25
No Opinion

A lot can change in six months, and for property group Redefine International (RDI), most of the changes have been for the good. Of primary importance is the shift in investor demand to beyond the confines of the expensive London property market and into secondary assets situated elsewhere. The obvious reason for this is that yield compression in London to 3-4 per cent makes it sensible to look at quality regional assets offering double this. Happily, Redefine is now better-placed to take advantage of the trend, having spent a long time restructuring itself, which includes becoming a real-estate investment trust (Reit) in December last year, achieving a dual listing on the Johannesburg Stock Exchange, and launching an American Depository Receipt programme (ADR) to accommodate overseas investment demand for UK real estate. As demand pushes up property prices, management expects half-year figures towards the end of April to see an encouraging revaluation of the portfolio, which, according to broker Peel Hunt, is 56 per cent located in the UK by value, 29 per cent in Europe and 14 per cent through a holding in an Australian company. Together with the restructuring, this is expected to reduce the loan-to-value rate from 82 per cent in August 2012 and 57 per cent last August to nearer the 50 per cent target. And to take advantage of the uptick in regional valuations, the group has been working its portfolio hard by recycling capital into income-generating investments. Redefine bought a lot of property during the financial crises and is now set to benefit as some of the return on these investments is crystallised. Most recently, two adjoining sites in Harrow were sold to Redrow Homes (RDW) for £13.8m, which works out at a 12.4 per cent premium to book value, and the group has also secured a share of sales revenue above an agreed aggregate threshold. More sales can be expected, too, assuming an acceptable rate of return on book value. Redefine has also been busy adding selected properties to the portfolio. For example, the group spent £84m on the 305,000 sq ft Weston Favell enclosed shopping centre on the edge of Northampton, reflecting a net initial yield of 7.5 per cent. Crucially, the centre is anchored by one of the largest Tesco supermarkets in the UK, occupying just under half the retail space, and with a 14-year unexpired lease. And there are signs of an improvement in rents, too, with a rental review uplift at Newington House in Southwark, for example, resulting in a 5 per cent rise in rent to £807,520 a year.
7 May '13
BERT.L
Redefine
39.00
No Opinion

Mother comp is Redefine Properties listed on JSE as RDF -massive comp: "Property Loan Stock company, with a diverse range of property assets under management valued, as at 31 August 2012, at over R39 billion." http://www.redefine.co.za/ Been breaking for past 5 weeks and still going strong http://screencast.com/t/VygP8afysh Then you get its subsidiary Redefine International listed on JSE as RIN with its sole holding in LSE listed RDI: "Redefine Properties International Limited ("RIN") is a Redefine subsidiary formed to house the Group's offshore real estate portfolio. RIN was listed on the JSE in September 2010 and holds as its sole asset, a majority stake in London listed Redefine International PLC." http://www.redefine.co.za/international.php Over the past year they've struggled a bit to get their debt structure sorted, but now they're poised for growth. Well worth a read: http://dashboard.fin24.com//Company/Redefine-Properties-International-Ltd So I've been watching RIN since end of March and bought in on JSE last week based on the above fundamentals, but mainly on the Ascending Triangle- price was right at the start of the breakout wave, wave E. And what do you know- it's breaking now.. ) http://screencast.com/t/vRKdAJhVc > http://screencast.com/t/jNuiMRx7 Exact same thing happening on LSE with RDI http://screencast.com/t/IO4xMOm5yGQ So yes, based on the performance of the mother comp together with RDI's positioning now- I think the sp has got some legs in it.

Share prices shown are taken at time of message posting.
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