Doesn't sound like this is for you then alibaba. Thanks for your thoughts though.
It's already been voted on Gs so there's no going back now. A bunch of greedy fund managers decided they wanted to cover some of their losses elsewhere by splitting this up & banking the NAV. It's backfired spectacularly on them though. Why they couldn't just take the 10% dividend on offer & keep quiet I don't understand I'm afraid. It's a rotten outcome for everyone, particularly income seekers looking to supplement their pensions.
Haha, a month without receiving a dividend would be a bloody disaster saintly! A week makes me twitchy. Which reminds me, EAT should be paying out today...
Already locked in profits so on a free carry now. Probably should have held (definitely should have held in fact...) but had my fingers burned so many times before, including here when the dot com bubble burst.
Potnak, re Del Boy, fair enough. Please accept my apols. I think we are, perhaps, closer to a breakthrough than many here think, and therefore any negotiations would be on a much firmer footing once news is released. But it is just my opinion, appreciate others have different views for a variety of reasons.
Only wish she was still with us monkey.
I notice that, like me, you're in RGL. I thought this was your only turkey?
I take the opposite view potnak. I don't want Del Boy & Rodney getting involved just when the goose is about to lay the golden egg. Within the next 12 months there could be all manner of exciting developments here (yes, yes, you've heard it all before and we're all growing older, I know...), then let's worry about who's negotiating on our side. Anyway, isn't Parker supposed to be the ace deal-maker? Just relax, give them some space and buy a few more cheap shares while you still can.
Thanks saintly, I've still got a few shares that are keeping my head well above water for now at least. Hope you're doing ok and keep banking those dividends! K
5th August 2021 it was still a penny share...
Personally I'll be sorry to see it go. There are becoming less & less safe places for investors to earn a decent return, not saying RLE was one of them but it's yet another selling up rather than looking to merge or be taken over. What's your view?
Interesting saintly, I guess we're both looking for income so there's bound to be overlap. My REITs also include AIRE, AEWU & RGL, but also SERE, IHR, THRL & SUPR. All have been flattened in the past 12 - 18 months but most (accepting RGL is a basket case) seem to be recovering slightly now. And all paying a decent dividend too, for now at least. My "ones to watch" for income (not REITs) include FAIR, SDIP, BATS and TFIF so as my existing investments (VSL, RMII, RLE & TENT) wind down and start returning cash, I'll most likely look to make investments there to maintain diversity rather than topping up existing investments. Still undecided on FAIR and BATS for now though, pending more research & news.
Barclays raises price target to £28.10 and pushing on towards £25.00 this morning, plenty to like about this share. Q3 performance update Thursday, should make for interesting reading.
£4 Alan, when was that then, just out of interest?
Hello spurs (Reality10), I forget your other label when you got confused & replied to a post using the wrong user name but no doubt others will recall. You're about as welcome back here as a dose of the clap. Sensible posters beware and/or ignore.
Oh, just read the rest of your posting history so don't bother replying.
Monkeyman: "expect a big drop in the share price"
Why?
I thought the bottom had been established at 60 having bought at just under 67 broomtree, so I'm now concerned that we may revisit the low. Yield over 10% at these levels though, even assuming 7.5p dividend. I'll have to look at buying more if sp falls below 65 again.
Yes, API being merged into CREI currently too saintly, so it's possible. However, I have API, VSL, RMII & TENT in my portfolio, apart from API all are being wound down. All are paying decent dividends currently, mostly covered, but are disappearing within the next couple of years making it harder for income seekers to maintain a diversified portfolio. Anyway, it is what it is, I've still got alternatives where I'm not currently invested but it's getting harder to pick safe investments for decent income.
"Disposal strategy" over 3 years. It's been coming, but why can't some of these property businesses merge to gain scale & reduce costs? Anyway, there you go, over & out from RLE.
Oh that's interesting, presumably a replacement for the vessel sale referred to in results? It'll be nice to get back to more healthy "old one out, new one in" transactions going forward, to maintain or improve the combined fleet.