Member Info for neodoug

Your calculations appear sound.

The property per share after the offer will be about 36 pence , but I think the discount at most would be 20 % . This would give a NAV of 14.3 p.

The prospective Yield at a price of 10p is 8.8%, which seems the going market rate, so I agree with you the share is not worth much more than 10p.

I also hold RESI which yields 8.4% and seems a less risky bet.

The annual management fees for RGL are 5.3% according to the investment Trust Handbook 2024.

The underwriters for the capital raise are getting 5%.

There goes 10% of any more money you put into this company.

How come after paying off a large portion of the debt after the capital raise, the annual dividend will be cut. Surely the company will be saving interest costs.

Currently 4.8p per share to 0.88 per share ( pre consolidation). As there will be three times the shares this is a cut of about 50%.