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I have not received my new share certificates following the consolidation, has any received theirs yet?
Thanks for any help
I too am hoping for .13.5p per annum as they are required as a REIT to pay 94% of profits in dividends .Will the consolidation affect profits .Shouldn't think so...Hope not
The dividend is an unknown quantity........ in theory, it could well be 13.5p......... after all they have paid well previously.
Will be interesting to see what is paid and the wording about plans for the dividend in the future, in the next report. If the business is doing as well as previoously indicated by them, then I would hope that 13.5p for the year is the minimum. If t is cut, I think some investors including myself, will look at their holdings and make decisions as to whether to cut, reduce or keep.
As my wife has now joined me in the 'early retirement' ranks, and our state pensions are a few years off (assuming they still exist in a few years time), income is now a more important factor, to act as a back up to both our Company pensions. So if RDI don't meet my expectations, I will look elsewhere.
If I look at both my portfolio and my wifes, they are now 60% differnt in what we held/hold, than 12-18months ago.
Will the annual divi now be 5 times what it was i.e.13p?
Pity it was not a gain................... However, I would think the consolidation was done more to smooth out turbulance, as a penny or two swing on 30p, is far greater than a penny of two on a higher share price.
Equally, there are many personal investors out there who won't touch investments which have a relatively low bid/offer price as their perception is that they are very risky (whether they are or not) than one say of £1.25 bid/offer price. Hopefully, the newly adjusted price will entice others in, to invest.
Consolidation here, thought someone got lucky and was up 400% but rather its a way to make the company look like they have less shares
The 8p and 40p are just nominal values and have no bearing on the share price. What will happen on the 11th Feb is the number of shares you hold will be divided by 5 and the share price will be multiplied by 5, so the value of your share holding will be the same.
With yesterday's decision to consolodate 5 shares of 8p to 1share of 40p by 11th feb, I am wondering if the value will jump up to 40p a share before 11th Feb or after? Not seeing much gain in price since yesterday on the news.
so it is my mistake
Tomorrow is the last day to qualify for the dividend
i expected this over 34 today
I was surprised that there was very little commentary on the results this week.
Perhaps the UK markets were too involved in the DEB results, and views on the rest of the retail sector.
Last broker update over one month ago.
That said - RDI have done what they do - got on with business.
Interim div at 1.35p, coming at the end of the year.
Am happy holding with an average now below 32p, will take the div and pick up more shares.
gla
Not long till year end results announced on the 25 October 2018.
Https://southwoodbusinesspark.co.uk
Another acquisition for the portfolio
temple - it looks like foreign investment is pouring into London commercial property, for full details read the bloomberg report - brexit bound London beats global rivals to lure real estate cash.
based on a report by knight frank - overseas investors spent £6.5bn in the six months to june 2018.
position has been boosted by sustained demand for office space and relative scarcity of supply. London's strong employment market, a surge in leasing by flexible office operators, and nervous property developers postponing new construction have all contributed.
the weaker pound has made has been making London a bargain compared to other cities in Europe, much of the money is coming in from Asia the report states.
perhaps the timing of RDI's move into London office letting may turn out to be an excellent decision.
it will be interesting to read the year end financials to 31st Aug, out Oct, fir a clearer picture.
gla.
Some good buys on the dip earlier today, looks like it will close , close to 34p.
I’ve bailed here ... the move by RDI into business lettings in London seems a foolish move ... new investment in Europe would seem more sensible given the relative stability of Europe and especially Germany to Brexit laden U.K. .... ... all predicted by the pre Brexit treasury report on the effects of Brexit on U.K. economy I have to say ....
Thanks for the response, sorry for not replying (I think I hibernated, still getting used to being retired).
Appreciate the detail in the reply.
I am out at the moment. Feel edgy about this at the moment, particularly in retail. Long tenancy agreements are great, but of little use when a client goes into liquidation as has happened so (depressingly) frequently recently. Long term I see major downward pressure on UK retail rents, with continued challenges from the internet and a reluctance to reduce business rates.
I hope I am wrong and wish all holders the best
John pwh - to buy sell or stick for the div really depends on your personal circumstances and perhaps your buy in price.
The companies website gives you a very good breakdown of the spread in the portfolio, in UK commercial, UK retail, UK hotels and europe., With occupancy rates income, tenancy lengths to breaks.
If you are thoughtful around retail click on each shopping complex and it will give you a breakdown of each of the retailers on the books.
I personally like the entry into London serviced office space.
The share has been a bit range bound but it's paying a very good div, so perhaps a strong income play in a diversified portfolio. I am holding onto my shares.
...whether to hold onto these?
Is the company exposed to a slowdown in housing in the South East or the current problems with retail? The latter I can see being an increasing problem - or to put it another way I cant see it getting better - with the combination of business rates and the rise of internet shopping leading to downward pressures on occupancy and rents.
Anyone who bought in a month ago at 31.25p has seen a very decent s p growth. Hopefully the strong interim report will encourage a continued upturn here.
My average is higher but if I include the dividends I've received then I'm still in profit so not worried. RDI was one of my larger holdings so invested in Taylor Wimpy and HSBC to diversify rather than average down. However it's getting to the stage where I'm considering adding more RDI. Regards
HI Tophat - thx for that i was so tied up with the cut and paste i missed the extra div increase to 1.35p - this one is on e i have been comfortable buying on the dips - have my average below 35p now. Hopefully those with higher buy in's than me have also average down.
Hi Gerry65 Yes the results are good. The interim dividend announced was actually 1.35p up from 1.30p last year. The company has also announced a share buyback to cover the shares issued in relation to the scrip dividend. The dividend dates have not yet been announced but they said would be available on the company web site shortly Regards
Sorry - follow on from last post: Only downside is that it has been rated a "BUY" today by those Motley Fools, lets hope that's not a kiss of death for RDI. Happy to hold and take the div here. GLA.