RGL

[mtk62]

I have used this website in the past to get info on RGL (Regional Reit):
https://www.edisongroup.com/equity/regional-reit/

Their latest assessment is relatively upbeat:
https://www.edisongroup.com/research/a-clear-strategy-to-realise-value/34004/

If only the market saw it that way.

[Spet0789]

Always be a bit careful with research paid for by the company. Focus on facts not their opinion.

[Gerry557]

I have read similar.

The investors have suffered and the management have been woeful. Was there any mention of that ?

I assume not.


They won't bite the had that feed them.

[mtk62]

Does anybody know why the NAV dropped over 50% on Oct 8th?
The NAV dropped from £5.36 to £2.38 going from Oct 7th to 8th.
I couldn't see any relevant RNS.
AIC states the market cap as £207m + total assets as £771m.

[shaunm]

These are the key figures as per the 30th June 2024 accounts
Portfolio Valuation
£647.9m 30th June 24
£700.7m 31st Dec 23
IFRS NAV per Share
51.7p
59.3p

EPRA* NTA per Share
48.8p
56.4p

Net Loan to Value Ratio*
58.3%
55.1%

Weighted Average Cost of Debt*

3.5%
3.5%

Weighted Average Debt Duration*

3.0 yrs 30th June 24
3.5 yrs 31st Dec 23

The key financial is the weighted Debt Duration, very short, and is likely to cause problems unless interest rates decrease

ps, I held their bond until it's maturity, but would I consider their ordinary shares, no, too much risk & past baggage!

[mtk62]

Yesterday I did something that I thought was slightly funny.
My RGL was sitting there in my portfolio showing a -73% loss.

I had a mad idea over the weekend.
Why not simply sell it all and immediately buy it all back?
That way I'd still own it but not have this large negative showing up in the online portfolio + spreadsheet.
So I did. It only cost me £30 to have much healthier looking portfolio.
Should have waited a few minutes more before buying it back as the price dropped momentarily then bounced back - wouldn't have made a big difference.

A little bit of cheating for happiness.

[SKYSHIP]

Good thing to establish a tax loss

[Gerry557]

Dont you need to wait 30 days though.

I think that was £30 wasted unless there was so other work around.

I would have to also record the "trade" at a loss on my spreadsheet so whilst the front page might look good the inside page wont

[Alaric]

Good thing to establish a tax loss

If CGT is an issue, it doesn't establish a tax loss because of the immediate repurchase. The point would not have been relevant in an ISA or SIPP.