Real Estate Investors (RLE)

Sector:

Real Estate

Index:

FTSE AIM All-Share

35.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 35.98
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 174.38m
  • Volume: 130,290
  • Market Cap: £61.03m
  • RiskGrade: 129

Key Financials

  £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Annualisation Factor 1.0 1.0 1.0
Dividend Yield 0.0% 0.0% 0.0%
       
Continuing Operations      
PE Ratio - Adjusted n/a 6.7 n/a
PE Ratio - Diluted n/a
n/a		 7.2
487.9		 n/a
n/a
PEG - Adjusted n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin (91.59%)
(91.59%)		 187.85%
105.89%		 (472.92%)
(472.92%)
       
Continuing & Discontinued Operations      
PE Ratio - Adjusted n/a 6.7 n/a
PE Ratio - Diluted n/a
n/a		 7.2
487.9		 n/a
n/a
PEG - Adjusted n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09 31-Dec-08
Net Gearing 84.05% 108.22% 103.43%

  £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09 31-Dec-08
Price/Book Value 8.1 7.7 5.8
Price/Tangible Book Value 8.1 7.7 5.8
Price/ Cash Flow (193.0) (91.4) (305.5)
Price/Revenue 64.78 64.33 46.75
Price/R&D n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 6.78p 7.97p 7.05p
Net Cash per Share n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09 31-Dec-08
Continuing Operations      
Revenue 4.02 3.24 3.01
EBITDA (3.67)
(3.67)		 6.10
3.44		 (14.19)
(14.19)
Depreciation (0.01)
(0.01)		 (0.01)
(0.01)		 (0.03)
(0.03)
Net Interest (1.92)
(1.92)		 (1.74)
(1.74)		 (1.12)
(1.12)
Profit Before Tax (5.59)
(5.59)		 4.34
1.69		 (15.67)
(15.67)
       
Revenue per Share 0.85p 0.95p 0.88p
Pre-Tax Profit per Share (1.18p)
(1.18p)		 1.27p
0.49p		 (4.60p)
(4.60p)
Market Capitalisation £ (Millions) 272.81 208.69 140.54
Enterprise Value (EV) £ (Millions) 311.75 249.09 176.94
EBITDA/EV (1.18%)
(1.18%)		 2.45%
1.38%		 (8.02%)
(8.02%)
Operating Margin (91.59%)
(91.59%)		 187.85%
105.89%		 (472.92%)
(472.92%)
Capital Employed £ (Millions) 71.04 67.55 60.43
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 32.27 27.32 24.20
       
Earnings per Share - Basic (10.10p)
(1.01p)		 9.10p
0.14p		 (32.50p)
(3.25p)
Earnings per Share - Diluted (10.10p)
(1.01p)		 8.50p
0.13p		 (32.50p)
(3.25p)
Earnings per Share - Adjusted (10.10)p 9.10p (32.50)p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a n/a
PE Ratio - Diluted n/a
n/a		 7.2
487.9		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 14.31% 28.12% 29.89%
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a
Interest Cover (1.31)
(1.31)		 2.88
1.73		 (6.21)
(6.21)
       
Continuing & Discontinued Operations      
Earnings per Share - Basic (10.10p)
(1.01p)		 9.10p
0.14p		 (32.50p)
(3.25p)
Earnings per Share - Diluted (10.10p)
(1.01p)		 8.50p
0.13p		 (32.50p)
(3.25p)
Earnings per Share - Adjusted (10.10p) 9.10p (32.50p)
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a n/a
PE Ratio - Diluted n/a
n/a		 7.2
487.9		 n/a
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Equity (ROE) (14.84%)
(14.84%)		 11.42%
1.69%		 (45.82%)
(45.82%)
Operating Cash Flow per Share (0.28p) (0.67p) (0.14p)
Gross Cash Flow per Share cn/a cn/a cn/a
Cash Incr/Decr per Share 0.21p (0.16p) 1.91p
Capital Expenditure per Share n/a n/a n/a
Dividend per Share n/a n/a n/a
Dividend per Share Growth n/a n/a n/a
Dividend Yield 0.0% 0.0% 0.0%
Shareholders Funds 32.27 27.32 24.20
Net Borrowings £ (Millions) 27.12 29.57 25.03
Net Asset Value per Share (inc. Intangibles) 6.78p 7.97p 7.05p

  £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds inc Intangibles 32.27 27.32 24.20
Net Borrowings £ (Millions) 27.12 29.57 25.03
Net Gearing 84.05% 108.22% 103.43%
Cash & Near Cash 11.82 10.83 11.37
Cash 36.64% 39.64% 46.98%
Gross Borrowings 38.94 40.40 36.40
Gross Gearing 120.68% 147.87% 150.41%
Borrowings Under 5 years 38.94 40.40 36.40
Under 5 years 120.68% 147.87% 150.41%
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-10 31-Dec-09 31-Dec-08
Shareholders' Funds exc Intangibles 32.10 27.15 24.03
Net Borrowings £ (Millions) 27.12 29.57 25.03
Net Gearing 84.49% 108.91% 104.16%
Cash & Near Cash 11.82 10.83 11.37
Cash 36.83% 39.89% 47.32%
Gross Borrowings 38.94 40.40 36.40
Gross Gearing 121.33% 148.80% 151.48%
Borrowings Under 5 years 38.94 40.40 36.40
Under 5 years 121.33% 148.80% 151.48%
Borrowings Under 1 year n/a n/a n/a
Under 1 year n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-10 31-Dec-09 31-Dec-08
Quick Ratio 0.64 2.55 4.01
Current Ratio 0.89 3.83 5.86

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page