Real Estate Credit Investments Limited

RECI · LSE · Financial Services / Asset Management

113.50GBX-0.50 (-0.44%)

Price History

Full chart

Market Stats

Previous Close114.00

Open114.00

Day Range111.70 – 114.00

52-Week Range106.40 – 118.75

Volume402.45K

Market Cap249.78M

P/E (TTM)16.14

Forward P/E10.44

EPS0.07

Dividend Yield10.53%

Beta0.20

50-Day Avg116.69

200-Day Avg119.15

About

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments. It was formerly known as Real Estate Credit Investments PCC Limited. Real Estate Credit Investments Limited was formed in September 6, 2005 and is domiciled in Guernsey, Channel Islands.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMr. Ravi Stickney
Employees0
HeadquartersStornoway House, London, United Kingdom, SW1A 1DH, UK
Websitehttps://www.recreditinvest.com

Leadership

Mr. Ravi StickneyPortfolio Manager

Financials

Income Statement

Currency: GBP	2008-03-31	2009-03-31	2010-03-31	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31

Currency: GBP	2008-03-31	2009-03-31	2010-03-31	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31
Total Revenue	-11.69M	-51.31M	5.32M	15.52M	4.43M	34.11M	12.55M	31.05M	12.91M	15.75M	20.59M	25.27M	-9.49M	45.32M	32.37M	18.31M	31.10M	30.10M	21.49M
Growth (%)	-	-338.86%	+110.37%	+191.84%	-71.45%	+669.46%	-63.20%	+147.45%	-58.41%	+21.96%	+30.73%	+22.73%	-137.55%	+577.56%	-28.57%	-43.42%	+69.81%	-3.21%	-28.61%
Cost of Revenue	-	-	-	-	-	-	-	0	0	2.10M	2.96M	3.76M	3.18M	4.28M	4.43M	4.36M	4.27M	4.14M	-
Gross Profit	-11.69M	-51.31M	5.32M	15.52M	4.43M	34.11M	12.55M	31.05M	12.91M	15.75M	20.59M	25.27M	-12.68M	41.04M	28.00M	13.95M	29.91M	30.10M	21.49M
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.99%	100.00%	133.59%	90.56%	86.51%	76.18%	96.19%	100.00%	100.00%
Operating Expense	3.11M	2.10M	2.81M	606.62K	-433.93K	5.61M	4.97M	4.75M	4.38M	2.96M	3.74M	4.83M	3.26M	1.56M	1.47M	-12.61M	4.94M	7.29M	6.30M
Operating Income	-14.80M	-53.40M	2.51M	14.92M	4.87M	28.50M	7.58M	26.31M	8.54M	12.79M	16.85M	20.44M	-15.93M	39.48M	26.53M	26.56M	24.97M	22.82M	15.19M
Operating Margin	126.59%	104.09%	47.17%	96.09%	109.79%	83.55%	60.39%	84.71%	66.11%	81.23%	81.82%	80.87%	167.90%	87.12%	81.95%	145.02%	80.30%	75.80%	70.68%
EBITDA	-14.80M	-50.74M	1.83M	13.51M	3.70M	32.29M	7.29M	13.57M	8.54M	9.08M	14.93M	19.23M	-17.42M	37.24M	26.53M	26.59M	21.86M	22.82M	15.19M
EBITDA Margin	126.59%	98.90%	34.36%	87.04%	83.37%	94.67%	58.05%	43.68%	66.11%	57.65%	72.53%	76.11%	183.58%	82.18%	81.95%	145.21%	70.28%	75.80%	70.68%
Net Income	-17.59M	-55.44M	2.02M	13.75M	998.69K	28.50M	7.58M	26.31M	8.54M	9.08M	14.93M	19.23M	-17.42M	37.24M	24.57M	20.55M	21.86M	22.82M	15.19M
Net Income Margin	150.42%	108.06%	38.03%	88.57%	22.53%	83.55%	60.39%	84.71%	66.11%	57.65%	72.53%	76.11%	183.58%	82.18%	75.92%	112.21%	70.28%	75.80%	70.68%
R&D	-	-	-	-	-	-	-	-	-	-	-	10.44K	40.07K	12.37K	60.39K	35.00K	137.47K	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	0.04%	-0.42%	0.03%	0.19%	0.19%	0.44%	-	-
Interest Expense	2.79M	2.04M	486.30K	1.17M	3.87M	0	0	0	0	0	0	1.20M	1.49M	2.24M	1.95M	3.97M	-	-	-
Interest Expense % of Total Revenue	-23.83%	-3.97%	9.14%	7.52%	87.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.76%	-15.69%	4.94%	6.04%	21.69%	-	-	-

Balance Sheet

Currency: GBP	2006-03-31	2008-03-31	2009-03-31	2010-03-31	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31

Currency: GBP	2006-03-31	2008-03-31	2009-03-31	2010-03-31	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31
Total Assets	344.39M	193.63M	127.82M	99.18M	118.53M	111.67M	119.81M	165.74M	163.25M	163.84M	189.27M	308.16M	355.15M	441.78M	426.25M	446.95M	418.99M	352.25M	391.71M	425.36M
Total Liabilities	64.00M	36.73M	30.04M	10.70M	51.23M	49.16M	46.77M	44.83M	45.10M	45.02M	45.02M	79.63M	101.95M	104.62M	79.37M	103.02M	82.02M	25.87M	73.36M	119.48M
Total Equity	280.39M	156.90M	97.78M	88.48M	67.30M	62.51M	73.04M	120.91M	118.15M	118.82M	144.25M	228.52M	253.20M	337.16M	346.88M	343.94M	336.97M	326.38M	318.36M	305.89M
Cash	4.15M	26.21M	17.28M	14.00M	5.87M	5.91M	7.34M	18.08M	8.41M	5.35M	24.93M	7.22M	38.64M	27.02M	21.22M	47.39M	14.08M	18.29M	19.30M	18.51M
Total Debt	9.66M	32.23M	27.32M	7.70M	-	-	44.49M	41.56M	41.73M	41.84M	41.93M	78.34M	100.11M	96.97M	77.82M	100.37M	80.15M	23.79M	70.85M	118.44M
Net Debt	5.51M	6.02M	10.04M	-6.30M	-5.87M	-5.91M	37.14M	23.49M	33.32M	36.49M	17.00M	71.12M	61.46M	69.95M	56.60M	52.98M	66.07M	5.50M	51.55M	99.92M

Cash Flow

Currency: GBP	2008-03-31	2009-03-31	2010-03-31	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31

Currency: GBP	2008-03-31	2009-03-31	2010-03-31	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31
Operating Cash Flow	135.16M	28.65M	23.39M	-14.80M	2.97M	27.79M	-24.05M	20.89M	8.47M	6.20M	-121.78M	5.41M	-108.37M	43.11M	33.09M	18.31M	96.81M	-10.69M	-13.27M
Investing Cash Flow	0	0	0	0	-	-	-	-	-	-	-	-9.07M	-107.02M	-4.23M	10.98M	330.61K	73.88M	-	-
Financing Cash Flow	-126.45M	-41.86M	-26.18M	6.85M	-5.72M	-24.66M	33.89M	-31.71M	-11.22M	13.00M	104.08M	26.01M	96.75M	-48.90M	-6.93M	-51.61M	-92.61M	11.69M	12.48M
Capital Expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2	0	0
Free Cash Flow	135.16M	28.65M	23.39M	-14.80M	2.97M	27.79M	-24.05M	20.89M	8.47M	6.20M	-121.78M	5.41M	-108.37M	43.11M	33.09M	18.31M	96.81M	-10.69M	-13.27M
Dividends Paid	21.18M	14.22M	7.60M	7.14M	3.10M	7.68M	9.92M	11.61M	11.22M	11.80M	15.28M	17.56M	25.11M	27.52M	27.52M	27.52M	27.42M	26.67M	26.59M
FCF to OCF	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Dividend Paid to FCF	15.67%	49.64%	32.47%	-48.25%	104.48%	27.63%	-41.24%	55.54%	132.40%	190.33%	-12.54%	324.45%	-23.17%	63.84%	83.17%	150.30%	28.32%	-249.58%	-200.43%

Earnings

Report Date	Nov 13, 2006	Jun 25, 2007
EPS Estimate	0.28	0.24
EPS Actual	0.26	0.24
Surprise	-7.14%	0.00%
Timing	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap249.78M

Enterprise Value270.82M

Trailing P/E16.14

Forward P/E10.44

PEG Ratio0.00

Price / Sales9.56

Price / Book0.85

EPS0.07

Book Value1.38

Revenue (TTM)26.12M

Gross Profit (TTM)26.12M

Profit Margin58.16%

Operating Margin92.27%

Return on Equity4.87%

Return on Assets3.38%

Shares Outstanding221.04M

Shares Float0

Beta0.20

Dividend Yield10.53%

Dividend Rate0.12

Payout Ratio173.91%

Dividends

20263×

0.03Sep 24, 20260.03Jul 2, 20260.03Mar 12, 2026

20254×

0.03Dec 4, 20250.03Sep 25, 20250.03Jul 3, 20250.03Mar 13, 2025

20244×

0.03Dec 5, 20240.03Sep 26, 20240.03Jul 4, 20240.03Mar 14, 2024

20234×

0.03Dec 7, 20230.03Sep 21, 20230.03Jul 6, 20230.03Mar 2, 2023

20224×

0.03Dec 1, 20220.03Aug 18, 20220.03Jul 7, 20220.03Mar 3, 2022

20214×

0.03Dec 2, 20210.03Aug 19, 20210.03Jul 8, 20210.03Mar 4, 2021

20201×

0.03Dec 10, 2020