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Pin to quick picksRegional Reit Share News (RGL)

Share Price Information for Regional Reit (RGL)

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Share Price: 21.30
Bid: 20.25
Ask: 22.05
Change: 0.00 (0.00%)
Spread: 1.80 (8.889%)
Open: 21.30
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Regional REIT is an Investment Trust

To deliver an attractive total return to shareholders with a strong focus on income, from investing in UK commercial property, predominantly in the office and industrial sectors in major regional centres and urban areas outside of the M25 motorway.

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UK TRADING UPDATE SUMMARY: Medica Expects Interim Revenue Drop

Wed, 08th Jul 2020 15:19

(Alliance News) - The following is a round-up of updates by London-listed companies not separately reported by Alliance News:

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Medica Group PLC - Hastings-based teleradiology firm - Expects revenue for first half of 2020 to be GBP17.0 million, down from GBP22 million the year before, due to impact of Covid-19 on radiology reporting activity. Reported return to profitability in June, company has not required any government funding to support its business and has not furloughed any stuff. NightHawk services reporting activity returns to 95% of normal levels,

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Craneware PLC - Edinburgh-based healthcare-focused software firm - Expects revenue for the year ended June 30 to remain flat year-on-year at USD71.4 million, with adjusted earnings before interest, taxes, depreciation and amortisation at USD24.5 million, up from USD24.0 million. Enters new financial year with annuity revenue base of USD65 million, and is cautiously optimistic on seeing first signs of sales cycles slowly normalising.

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Diaceutics PLC - Belfast-based diagnostic commercialisation firm - Sales for first half of 2020 up 20% to GBP5.3 million from GBP4.4 million the year before. Reports sustained demand from blue-chip client base, with steady repeat business. Current and pipeline projects uninterrupted by Covid-19 pandemic.

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Distil PLC - premium drinks brands owner - First quarter ended June revenue up 21% year-on-year due to increase in domestic retail sales, but volumes flat on loss of licensed sales of Blavod Black Vodka in Duty Free and Travel Retail. Expects first-half revenue to increase by between 75% to 85%, while operating profit is expected to be between GBP50,000 to GBP70,000.

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Springfield Properties PLC - Scotland-focused housebuilder - Expects revenue for year to the end of May to be GBP144 million, down from GBP190.8 million the prior year, as well as pretax profit of GBP9 million down from GBP16 million. Recommenced operations on site from June 15, and reported record reservation numbers in first week since reopening. For first-quarter of new financial year, sales set to be significantly higher year-on-year.

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Mpac Group PLC - packaging and automation solutions - Expects customer visits and levels of qualified opportunities to increase in second half of 2020 as global travel restrictions ease. Order book as at June 30 at GBP45.4 million, up from GBP39.9 million, with no orders cancelled due to Covid-19.

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Eurocell PLC - window, door and roofline PVC products - Sales for six months of 2020 at GBP91 million, down 31% year-on-year, however recovery evident as sales for month of June were GBP25 million, up 6% year-on-year. Extrusion operations back to normal levels by end of June, and expects production at Eurocell Recycle North to recommence at the end of July, due to increased demand for recycled material.

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Regional REIT Ltd - UK regional real estate investment trust - First quarter rents collection increases to 96.7% from 93.9%, while 78.5% of rent for second-quarter collected. Expects to announce dividend for second quarter of financial year on August 26.

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Ediston Property Investment Co PLC - property investor - For second quarter to the end of June, 75% of rent collected, while for third quarter 74% of rent collected across portfolio.

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Dekel Agri-Vision PLC - West Africa-focused agriculture firm - First shipment of milling equipment for cashew processing project at Tiebissou in Ivory Coast has left Italy, and is expected to arrive in four weeks time. Shipment comprises electrical, dryer, steam roasting and workshop equipment.

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Solo Oil PLC - Tanzania-focused oil & gas firm - Enters conditional asset purchase agreement with Reef Resources Ltd and Levant Exploration & Production Corp for the sale of asset held by Reef and Solo to Levant, subject to due diligence by Levant. In return, Levant will issue equivalent of 1% gross overriding royalty to Solo on any future production revenues.

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Shefa Gems Ltd - Israel-based gemstone miner - Commissioner of Mines at Ministry of Energy renews exploration permit 869B11 for a further year. Renewed 869B13 includes four volcanic bodies on Mount Carmel, Rakefet Magmatic Complex, Muhraka, Har Alon & Beit Oren, Zevulun & west Yizre'el valleys.

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Iconic Labs PLC - new media business - Signs management services contract with Greencastle MM LLP, which in turn bought the JOE media UK business, including the House of Rugby show. Under the contract's terms, Iconic Labs will be paid a monthly management business of GBP50,000, as well as 25% of profit when revenue and profit targets are met.

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Renalytix AI PLC - in-vitro diagnostics company - enters partnership with America's Choice Provider Network, under which it will become a provider under the network, which contracts with healthcare providers and all types and specialities to establish simple and reliable healthcare access and reimbursement arrangements. Renalytix will be able to offer KidneyIntelX testing to diabetic kidney disease patients.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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26 Jul 2019 18:29

DIRECTOR DEALINGS: Regional REIT Reports Raft Of Share Purchases

(Alliance News) - Regional REIT Ltd said on Friday people closely associated with Chair Kevin McGrath have bought shares worth GBP39,541.Olivia and Cornelius McGrath bought 37,128 shares at

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19 Jul 2019 13:06

Regional REIT Raises GBP62.5 Million Via Share Issue For Investments

(Alliance News) - Regional REIT Ltd on Friday said it has raised a total of GBP62.5 million through a placing, subscription and open offer.At the end of June, the real estate company to up

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24 Jun 2019 13:42

Regional REIT To Raise GBP50 Million To Pursue Deal Pipeline

(Alliance News) - Regional REIT Ltd on Monday said it will raise GBP50 million in gross proceeds via issue of new shares to pursue a substantial pipeline of potential deals.The real estate

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24 Jun 2019 10:44

Regional REIT raising ?50m to take advantage of 'substantial pipeline'

(Sharecast News) - Regional real estate investment firm Regional REIT announced the proposed issue of further ordinary shares on Monday, to raise gross proceeds of around £50m.

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20 Jun 2019 12:10

Regional REIT Extends Debt Maturities With 2 New Loans Facilities

(Alliance News) - Regional REIT PLC said Thursday it has completed two refinancings amounting to GBP121 million in total.The real estate investment trust has signed a new GBP66 million with

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19 Jun 2019 14:55

Regional REIT Gets Rent Rise From Occupied Assets, Lets Vacant Spots

(Alliance News) - Regional REIT Ltd said Wednesday it has now fully let four vacant units and has secured an uplift in the rent on its occupied assets.The UK office and industrial property

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7 Jun 2019 09:53

Regional REIT Agrees Sale Of Beverly Business Park For GBP11.1 Million

LONDON (Alliance News) - Regional REIT Ltd on Friday said it agreed to sell a business park in Beverly, North England, for GBP11.1 million.The real estate investment trust said the sale for

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6 Jun 2019 10:23

Regional REIT Sells Sheffield Office Building At 25% Above Book Value

LONDON (Alliance News) - Regional REIT Ltd on Thursday said it sold an office building in Sheffield to Sheffield Hallam University for GBP8.8 million.The price was 25% higher than the at of

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23 May 2019 12:17

Regional REIT On Track To Resume Fully Covered 2019 Dividend

LONDON (Alliance News) - Regional REIT Ltd on Thursday said it expects to return to a fully covered dividend in 2019 and declared an increased first quarter dividend.The real estate trust a

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17 May 2019 10:36

Regional REIT mulling fundraise to take advantage of 'growing pipeline'

(Sharecast News) - Regional office and industrial property investment company Regional REIT announced on Friday that it was considering an equity fundraise to take advantage of its growing near-term pipeline of opportunities in the investment market.

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16 May 2019 17:56

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 17 May easyJetHalf Year Results FutureHalf Year HoldingsHalf Year 20

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21 Mar 2019 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 22 March Sanne GroupFull Year ResultsSmiths GroupHalf Year BootFull Year

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20 Feb 2019 14:29

Regional REIT Momentum Continues With Six New Lettings Across UK

LONDON (Alliance News) - Regional REIT Ltd said Wednesday it signed six new lettings across the UK, including in Birmingham and Glasgow.The real estate investment trust secured a letting at

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18 Feb 2019 12:34

Regional REIT Like-For-Like Portfolio Value Increases In 2018

LONDON (Alliance News) - Regional REIT Ltd on Monday said its portfolio value increased on a like-for-like basis in 2018, thanks to the strong letting performance.The real estate investment

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4 Feb 2019 11:44

Regional REIT Buys Property In Birmingham Centre For GBP20 Million

LONDON (Alliance News) - Regional REIT Ltd on Monday said it acquired a property in Birmingham for GBP20 million.The 119,687 square feet freehold property is in a highly commercial location

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