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Real Estate Credit Investments Pcc Ltd

Current Price 116.00p Bid 112.00p Ask 116.50p Change 0.00%
Last Updated: 19/04/2024 05:08. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

Real Estate Credit Investments Limited is a Guernsey-based closed-end investment company. The investment objective of the Company is to provide shareholders with attractive and stable returns, primarily in the form of quarterly dividends, by exposure to a diversified portfolio of real estate credit investments, predominantly comprising real estate loans and bonds. It invests in real estate debt secured by commercial or residential properties in the United Kingdom and Western European countries, focusing primarily on those countries where it sees the changing dynamics in the real estate debt market offering a sustainable deal flow for the foreseeable future. Its segments include the Bilateral Loan and Bond Portfolio and the Market Bond Portfolio.

Financial Highlights Year Ended 31/03/2023

Revenue
£31.92m
Operating Profit/Loss
£30.67m
Dividend yield (%)
8.90
Total dividend for year
n/ap
Dividend cover
0.75
P/E Ratio
15.00

Key Personnel

Mr Colleen McHugh
Independent Non-Executive Director
Mr Sally-Ann Farnon (Susie)
Independent Non-Executive Director
Mr Bob Cowdell
Non-Executive Chairman
Mr John Edward Hallam
Senior Independent Non-Executive Director

Stock Details

EPIC
RECIL
ISIN
GB00B0HW5366
Shares in Issue
72.82m
Market cap
£84.47m

Analyst Views (2)

Strong Buy
 
50.00%
Buy
 
50.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
116.00p
Bid Price
112.00p
Ask Price
116.50p
Volume
0
Change Today
0.00p
% Change Today
0.00%
Open
116.00p
Previous Close
116.00p
Intraday High
116.00p
Intraday Low
116.00p
52 Week High
133.00p
52 Week Low
114.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
31.92
26.98
Operating Profit/Loss
30.67
32.37
Net Interest
3.97
1.95
Pre-Tax Profit
20.55
24.57
Profit After Tax from continuing operations
20.55
24.57
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
20.55
24.57
Attributable to:
Equity Holders of Parent Company
20.55
24.57
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2023
31 Mar 2022
Basic
9.00p
10.70p
Diluted
9.00p
10.70p
Adjusted
9.00p
10.70p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
n/a
n/a
Intangible Assets
n/a
n/a
Investment Properties
n/a
n/a
Investments
400.74
394.34
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
n/a
n/a
Cash at Bank & In Hand
14.08
47.39
Current Asset Investments
n/a
n/a
Other Current Assets
4.17
5.23
Other Assets
n/a
n/a
Total Assets
418.99
446.95

Liabilities

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
82.02
103.02
Total Current Liabilities
82.02
103.02
Non-Current Liabilities
Borrowings
n/a
n/a
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
n/a
n/a
Other Liabilities
n/a
n/a
Total Liabilities
82.02
103.02

Net Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Net Assets
336.97
343.94

Capital & Reserves

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Share Capital
n/a
n/a
Share Premium Account
n/a
n/a
Other Reserves
336.97
343.94
Retained Earnings
n/a
n/a
Shareholders Funds
336.97
343.94
Minority Interests/Other Equity
n/a
n/a
Total Equity
336.97
343.94

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Q3
14 Mar 2024
05 Apr 2024
3.00p
Q2
07 Dec 2023
05 Jan 2024
3.00p
Q1
21 Sep 2023
13 Oct 2023
3.00p
Q4
06 Jul 2023
28 Jul 2023
3.00p
Q3
02 Mar 2023
24 Mar 2023
3.00p
Q2
01 Dec 2022
30 Dec 2022
3.00p
Q1
18 Aug 2022
09 Sep 2022
3.00p
Q4
07 Jul 2022
29 Jul 2022
3.00p
Q3
03 Mar 2022
25 Mar 2022
3.00p
Q2
02 Dec 2021
31 Dec 2021
3.00p
Q1
19 Aug 2021
10 Sep 2021
3.00p
Q4
08 Jul 2021
30 Jul 2021
3.00p
Q3
04 Mar 2021
26 Mar 2021
3.00p
Q2
10 Dec 2020
06 Jan 2021
3.00p
Q1
20 Aug 2020
11 Sep 2020
3.00p
Q4
02 Jul 2020
30 Jul 2020
3.00p
Q3
05 Mar 2020
27 Mar 2020
3.00p
Q2
12 Dec 2019
03 Jan 2020
3.00p
Q1
22 Aug 2019
06 Sep 2019
3.00p
Q4
04 Jul 2019
26 Jul 2019
3.00p
Q3
07 Mar 2019
29 Mar 2019
3.00p
Q2
13 Dec 2018
04 Jan 2019
3.00p
Q1
23 Aug 2018
14 Sep 2018
3.00p
Q4
28 Jun 2018
20 Jul 2018
3.00p
Q3
01 Mar 2018
23 Mar 2018
3.00p
Q2
14 Dec 2017
05 Jan 2018
3.00p
Q1
31 Aug 2017
22 Sep 2017
3.00p
Q4
29 Jun 2017
21 Jul 2017
3.00p
Q3
23 Feb 2017
17 Mar 2017
2.70p
Q2
15 Dec 2016
11 Jan 2017
2.70p
Q1
18 Aug 2016
09 Sep 2016
2.70p
Q4
30 Jun 2016
22 Jul 2016
2.70p
Special
30 Jun 2016
22 Jul 2016
0.80p
Special
30 Jun 2016
22 Jul 2016
0.80p
Special
30 Jun 2016
22 Jul 2016
0.80p
Special
30 Jun 2016
22 Jul 2016
0.80p
Q3
25 Feb 2016
25 Mar 2016
2.70p
Q2
10 Dec 2015
31 Dec 2015
2.70p
Q1
27 Aug 2015
18 Sep 2015
2.70p
Q4
25 Jun 2015
24 Jul 2015
2.70p
Q3
26 Feb 2015
20 Mar 2015
2.70p
Q2
11 Dec 2014
31 Dec 2014
2.70p
Q1
03 Sep 2014
26 Sep 2014
2.70p
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢
Interim
14 Jun 2006
05 Jul 2006
24.00¢

Dividend Metrics

Year End Date
31 Mar 2023
31 Mar 2022
Dividend growth
n/a%
n/a%
Dividend yield
8.90%
8.00%
Dividend cover
0.75
0.89


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