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I will be sure to ask your permission next time I post something . Be careful you don't get indigestion with that gut of yours
Stalking :) Clearly confusing your own desperate acts for attention as being desired.
No need to worry about posting news. People who invest have access to public information as you do.
Might be best to reserve your energy and invest it into something more fruitful.
Well since I tend to invest in property related companies you will find me on a few others too
Bless,stalking sounds like someone bristling with some bristling indignation As if anyone takes any notice of individual posters in their investment choices
Keep guessing as I have never shorted in my life . In fact buy all shares in a SIPP and prohibited from doing so bad luck on that one
Tend to speak as I find and you couldn't be so far wrong as Purplebricks is my largest holding at the moment but there operational performance still leaves much to be desired
Stick to your gut !!. Pop back in on occasion as I will post anything I find relevant about the individual properties
Sain@vision - I've just seen your posting on the Purplenricks website...Negativity, negativity, negativity
I get the impression your agenda is to try trash peoples investments. I smell a RAT (shorter)
Not worried. My holding here is safer than in the bank, especially at these prices. Only way is up.
We had a disagreement on the Intu forum the other week. I've made solid return since then so happy.
I'll stick to what I feel is right as my gut is rarely wrong.
Certainly have some respect for him having had to fight his way through the St Phillips Square property establishment who werent exactly welcoming
He must be supporting a wry smile to have come full circle recruiting someone like Crabtree an Ex Wragge senior partner the very top of that tree to the stable at the end of his career
However he has found it more difficult in recruiting high ranking street fighting property agents which there are plenty of in Brum
Sounds like you and ADV are friends and family !.
Its not just unceratainty it's reality those properties flagged up as "underpinning the portfolio " in a recent RNS like the Sainsbury's convenience store in Nottingham gone leaving a gaping big hole unlikely to be filled
What is worse that this was shovelled out in a RNS when Sainsburys had already triggered the break
It was a poor investment choice in an area geographically distant from their knowledge base
Here is what another chat operater said of that investment
"What an appalling investment ( I know the area well), bordering run down estates, semi industrial, no where to stop/park, a blizzard of average speed /traffic light cameras. It's on a main arterial road out to the M1, just get the hell through & out of it.
As a holder hope this isn't a model of the investment criteria"
Uncertainty in the markets is to be expected. Hence the reflection in current price.
They aren't swimming in a huge debt pile. Financially sound company.
I have had business interaction with Paul Bassi many years ago, have a huge amount of respect for his accomplishments as a business and personally.
Night Watch
You are perfectly entitled to your opinion and entirely up to you if you wish to disregard the performance of the individual properties
I am very happy to invest at the right price in a W Midlands orientated property company knowing the patch and having been invested in Mucklows and St Modwen but its all damage limitation at the moment not adding value
Unfortunately its a moving target and there is a lack of transparency by RLE about when companies choose to break leases and having to DYOR to get a steer ie Sainsburys and now Poundworld .Who else?
That doesn't sit well with me
The fact that Poundworld had broken their lease has only come to light by a casual glance at availability in Crewe
As ever DYOR
With the greatest respect your stance has been made perfectly clear. Why keep posting the same thing...
Life is too short to be negative go invest your energy elsewhere.
Your opinion doesn't change my feels towards RLE.
I'm Invested! Concur with adv11
Well just setting out a few salient facts .Well done on INTU -me not a penny piece ,too much of a roller coaster Could finish today at 8p or 15p
Don't hope to repeat that with RLE , certainly dont think the floor is reached as the property market is currently in standstill Every likelihood of more lease breaks Where have you drawn that conclusion from the properties in the portfolio?
RLE ventured well outside their comfort zone with the purchase of the retail centre Crewe which represented 10% of the total portfolio value .A step too far .Worth substantially less today than when purchased and due a large haircut from Dec 19 revaluation .Now shareholders are paying the consequences
They aren't King Canute .Its getting worse there. Brighthouse in administration another chunky rental going west
Now Poundworld have exercised their break clause which takes effect this week on the 5th June That's another £120,000pa lost of rental going forward
All very quiet about that in the recent update!
https://www.jacksoncriss.co.uk/property-details.php?tcode=40012485121LPYE
In addition they are marketing 3 others in the centre with a total rentroll of over £200,000pa
in addition Pea****s lease expires in early 2021 where they pay £175,000pa Halifax this year at £75kpa Lets hope they have secured them
Just let him talk it down a little more @Night_Watch - I want to double my holding here, just waiting to get a little nearer to 30p. Then just NRR and Palace to double up on. Buying at these levels will give a fantastic yield in years to come.
Sain@vision - your posts are all doom and gloom . I made 59% on Intu this morning... How much did you make??
Secondly this share price is at the floor, definitely great upside here we've heard your opinions way too much.
Go make some money! - A lesson I learnt along time ago, you can't well people what to do!.
Maybe The Boxer-Simon & Garfunkel -more relevant
I am just a poor boy
Though my story's seldom told
I have squandered my resistance
For a pocket full of mumbles, such are promises
All lies and jests
Still a man hears what he wants to hear
And disregards the rest
Yes, we speak of things that matter, with words that must be said.
"Can analysis be worthwhile?" "Is the theatre really dead?"
And how the room is softly faded,
And I only kiss your shadow, I cannot feel your hand.
You're a stranger now unto me.
Lost in the dangling conversation, And the superficial sighs.
In the borders of our lives
#Simon&Garfunkel #TheDanglingConversation
Adv
For reasons best known to yourself , you are choosing to ignore what is happening in the property market .More importantly that shareholders investment here is suffering because of the types of property which are loaded up in the portfolio
This is just the way it is
British Land reported today where they have flagged up a loss in value of 26.1 % on their retail portfolio . If you think RLE's portfolio is somehow immune from all this-think again despite the fact the company states it has little exposure
Bassi is a seasoned and smart operater so he will no doubt handle a difficult situation well
Whether all this works out well for the small investor is a different matter. What I do know is that valuers will be taking a haircut to the next property revaluation
As ever DYOR
Tebest of luck
There is background noise but I can't hear a thing.
I've been quiet for too long, I've been quiet for too long.
I found peace in your violence, Can't tell me there's no point in trying.
I'm at one, and I've been quiet for too long. @Marshmello #silence
Adv
Beware of rampers who are happy to make a loss!
In fact if you had bought the shares in Dec 2015 when the SP was 68/70p you have received under 16p worth of dividends
So at today's SP you would have been a country mile ahead of the game keeping your money under the bed!
You are so correct, I only invest to make money... dividends in fact. I am happy to make my money from tobacco, oil, and little decaying shopping centres in the blackest holes of the West Midlands. My investment in RLE pays me a 6.68 yield, which will rise when I top up at these current prices. I am happy with that, and trust RLE to do the right thing and pay dividends when the can.
Unfortunately, I have had to block you as you depress me, and I have no interest in what non-investors have to say. Let me know when you get round to following up your obsessive interest with an actual investment, and I will unblock you and take more notice of the doom and gloom that your interest provides. Actually, that means no one will be reading your views, as it is just me and thee here.
Adv
Not expectingo you be respectful but recognise that many potential investors like to familairise themselves with the company's assets , others content to place their faith in the individuals that run the companies
Very welcome news yesterday on the retail front which should relieve the pressure off many of the tenants and a positive effect on the portfolio .
I retain a watching brief .
Don't shoot the messenger Dont blame me for Sainsburys breaking their lease HP failing to renew their lease or BHS leaving RLE with a headache Bathstore going west or Travelodge holding RLE and others to ransom
You are labouring under a grave misunderstanding that a share chat poster who has an interest in the portfolio making some comments ,posting up some salient facts on various properties ,occupational changes which have come to light , the state of the market has any effect whatsoever on the value of the portfolio or the share price .
Forewarned is forearmed
It sounds very much to me you have very little interest in the individual properties and their journeys whereas clearly I do .
I was invested in Mucklows another W Midlands property orientated company (who recently sold out) who placed a higher focus on industrial and warehouse property which for some reason best known to RLE are largely absent
form their portfolio .
This a property asset which underpins the whole of the W Midlands property market yet it is strangely absent from RLE's portfolio
Been looking for another home for that investment with a W. Midlands bent hence my interest in RLE amongst others I make it my business to explore the properties ,the best I can ,Don't knock me for it and post what I find .positive or negative
What does annoy me though is when bad news is buried
It's not RLE's fault that the market is challenging ,rents received have taken a hit. Believe me certainly don't want to see any wreckage in the W Midlands property market but also fully aware that the value of the property portfolio has taken a hit Those properties with short leases are at higher risk of not being renewed in a challenging market
Again RLE have no control over that except make the terms attractive if necessary to secure a fresh letting .They have a competent team and I am sure they are working very hard with that aim
The portfolio interests me greatly as I am familiar with the area and stock having plenty of skin in the business and cognisant of the risks attaching to a high yielding portfolio
If you were invested I would be more respectful. If you're not invested, you are just trying to wreck other people's investments because of a personal vendetta.
Adv
You seem to be taking this all personally
Don't confuse research and analysis with deramping and I respect your loyalty
It's a crying shame how the virus will affect the economy . However black swan events affect companies in different ways .
High yielding properties tend to be high yielding for a reason they carry more risk .The risk being should the economy falter
those properties bought with poor covenants who hit the wall or those with short leases or break clauses where the risk is they might not renew or break the lease
What has also happened its now a stopped clock on the sale of development sites which luckily RLE have very few Let's hope the potential sale of the residential site in Coseley is not affected.
The problem arising with empty units is trying to let them in a challenging market carrying voids so what was once high yielding becomes very low.
This is what is happening now unfortunately It can't be helped
The aim in a portfolio is to spread these risks The problem is also exacerbated when tenants become delinquent and voids occurring like Bathstore in Newcastle and Nottingham
On the other hand being heavily invested in prosperous spa towns like Leamington reaps dividends
Furthermore a company whose MO is buy cheap.sell expensive and turn a book profit falters as evidenced by the lack of transactions last year
This is how it is. You can wax on for so long about the benefits of the Commonwealth Games arriving for so long but unlikely to let an empty office building in Oldbury at J2 of the M5
No point being not upfront and trying to bury bad news investors won't thank them for that
Beware the noise from derampers. People invest in companies like this for the dividends and take the good times along with the bad. Investing in companies like RLE at the current depleted prices will result in massive yields in the future.
It is impossible to understand the thrill that some people get from disasters like Covid-19. Shopworkers, bus drivers, carers, our elderly and vulnerable are all dying horrific deaths, but all some people feel is the joy of companies they have a grudge against being negatively affected. Shame on these people.
So with the end of H1 fast approaching where does that leave RLE?
Clearly the impact of lockdown just like everyone else impacting on rental income received some of which will only be temporary The car park income must be sadly depleted
So rents received likely to have fallen below £8m for H1 mitigated by a reduction in HO costs
It would be very surprising that Book Values haven't fallen on some of the portfolio to have wiped out any profit for H1 and create a loss .That can't be helped
All they can hope is that all those who have break clauses and lease expiries don't disappear off the map and leave gaping voids with unallocated service charges
You then have to question the wisdom of paying a dividend when conserving cash becomes all important. Let's not forget as we emerge from lockdown there will be plenty of distressed opportunities rearing their head which RLE can take advantage of where cash is king
They need to create a big a warchest as possible.Maybe a further capital raise at some stage ?
Well ADV you can interpret it how you like just doing some research and not liking what I am finding . I guess you prefer to keep your head in the sand about what is actually happening in the market place with the sort of stock RLE owns
its disappointing for shareholders when you get a trading update in April waxing lyrical about neighbourhood convenience stores when their hottest ticket Sainsbury convenience store had already broken their lease in Nottingham and shut up shop right bang in the middle of the current crisis
Call me old fashioned but unimpressed that piece of bad news well buried
Do you want to hazard a guess what havoc that has done to the book value of that asset
RNS APRIL
"Nationally, some neighbourhood and convenience stores (the subsector that underpins the retail element of our portfolio) have experienced a rise in trade during lockdown as they serve their communities, in the four weeks to 22 March 2020, sales have seen an increase of 45% on the same period in 2019 (according to the Sunday Times)."