Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

REAL ESTATE CREDIT INVESTMENTS LIMITED

(RECI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Hardman & Co Research : Real Estate Credit Investments (RECI): Experience shows resilience of the model

05/06/2021 | 04:01am EDT
Hardman & Co Research 
Hardman & Co Research: Real Estate Credit Investments (RECI): Experience shows resilience of the model 
06-May-2021 / 09:00 GMT/BST 
=---------------------------------------------------------------------------------------------------------------------- 
Hardman & Co Research: Experience shows resilience of the model 
The key messages we take from RECI's April's quarterly investor update and end-March 2021 factsheet are i) 
mark-to-market (MTM) writedowns in March 2020 proved overly conservative, and RECI has been making recoveries since, 
ii) with no defaults, RECI's assets have proved highly resilient (this is no accident, but reflects the different way 
in which the assets are managed to other lenders, and iii) as expected, RECI's bond portfolio provided significant 
liquidity at only a modest cost. Despite the reasons driving the 2020 discount having all been negated by experience, 
the shares still trade at a 6% discount to NAV, when, ahead of COVID-19, they were at premium. 
Please click on the link below for the full report: 
https://www.hardmanandco.com/research/corporate-research/experience-shows-resilience-of-the-model/ 
If you are interested in meeting the company, you can register your interest by clicking on the above link 
To contact us: 
Hardman & Co                       Contact: 
1 Frederick's Place 
                                   Mark Thomas 
London                                                mt@hardmanandco.com 
EC2R 8AE 
                                   +44(0)20 3693 7075 
www.hardmanandco.com 
Follow us on Twitter @HardmanandCo 

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. -----------------------------------------------------------------------------------------------------------------------

Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. -----------------------------------------------------------------------------------------------------------------------

1193045 06-May-2021

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1193045&application_name=news 
 

(END) Dow Jones Newswires

May 06, 2021 04:00 ET (08:00 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.21% 33874.24 Delayed Quote.10.91%
REAL ESTATE CREDIT INVESTMENTS LIMITED -0.34% 144.5 Delayed Quote.9.47%
All news about REAL ESTATE CREDIT INVESTMENTS LIMITED
06/03HARDMAN & CO RESEARCHá : Q&A with Mark Thomas on Real Estate Credit Investments ..
DJ
05/06HARDMAN & CO RESEARCHá : Real Estate Credit Investments (RECI): Experience shows..
DJ
05/05HARDMAN & CO RESEARCHá : Hardman Talks Video - RECI Management Presentation
DJ
04/09HARDMAN & CO RESEARCHá : Hardman Talks Video Event | Real Estate Credit Investme..
DJ
03/09REAL ESTATE CREDIT INVESTMENTSá : Board Update
PU
03/09REAL ESTATE CREDIT INVESTMENTSá : Dividend Declaration
PU
03/04REAL ESTATE CREDIT INVESTMENTS LIMIT : Ex-dividend day for interim dividend
FA
01/18HARDMAN & CO RESEARCHá : Real Estate Credit Investments (RECI): Portfolio repaym..
DJ
2020REAL ESTATE CREDIT INVESTMENTS LIMIT : Ex-dividend day for interim dividend
FA
2020REAL ESTATE CREDIT INVESTMENTSá : Earnings Flash (RECI.L) REAL ESTATE CREDIT INV..
MT
More news
Financials
Sales 2021 36,5 M 43,5 M 43,5 M
Net income 2021 43,0 M 51,3 M 51,3 M
Net Debt 2021 - - -
P/E ratio 2021 7,04x
Yield 2021 9,64%
Capitalization 331 M 463 M 395 M
Capi. / Sales 2021 9,09x
Capi. / Sales 2022 7,35x
Nbr of Employees -
Free-Float 91,7%
Chart REAL ESTATE CREDIT INVESTMENTS LIMITED
Duration : Period :
Real Estate Credit Investments Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends REAL ESTATE CREDIT INVESTMENTS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 1,45 €
Average target price 1,74 €
Spread / Average Target 20,6%
EPS Revisions
Managers and Directors
NameTitle
Robert Trevor Cowdell Non-Executive Chairman
John Edward Hallam Senior Independent Non-Executive Director
Sally-Anne Farnon Independent Non-Executive Director
Colleen McHugh Independent Non-Executive Director
Graham Michael Harrison Director
Sector and Competitors