RFF - Rural Funds Group
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Garpal Gumnut
Ross Island Hotel
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Interesting. For no good reason this mob came in to my thoughts over breakfast.
Can you summarise or spend a mad minute to get me up to speed.
gg
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well apart from being a glorified landlord dressed as a REIT , there isn't much to say
they buy farmland and lease it out , sure they lease some the SHV , ( maybe still some to TWE )
they lease out to macadam growers , some graziers , SHV ( which mostly grows almonds ), and more recently to small crop farmers
one would think the leases would be longer than the average retail space , so that might be a bonus , RFF pay 3 monthly divs ( which is what attracted me early )
all the joys of a REIT bundled with the uncertainty of weather events and commodity markets ... but then folks have to eat
i was buying in the $1.50 to $1.85 range , it will have to do more to tempt me to add above $1.85 , but it is only modestly liquid $1.80ish might happen sooner rather than later
about half the holding participates in the DRP .. and RFF sits in the bottom drawer , slowly growing , and i would rather invest here than office space
they buy farmland and lease it out , sure they lease some the SHV , ( maybe still some to TWE )
they lease out to macadam growers , some graziers , SHV ( which mostly grows almonds ), and more recently to small crop farmers
one would think the leases would be longer than the average retail space , so that might be a bonus , RFF pay 3 monthly divs ( which is what attracted me early )
all the joys of a REIT bundled with the uncertainty of weather events and commodity markets ... but then folks have to eat
i was buying in the $1.50 to $1.85 range , it will have to do more to tempt me to add above $1.85 , but it is only modestly liquid $1.80ish might happen sooner rather than later
about half the holding participates in the DRP .. and RFF sits in the bottom drawer , slowly growing , and i would rather invest here than office space
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@debtfree
that time of the month for me
still neither fish ( deep enough underwater to lure me to add ) nor fowl ( flying high enough to tempt me to add more )
am currently up about 9% on this
boring but trickles in some cash each quarter and the laggard in my pursuit of four greens in the yearly comp.
good luck in the comp. everyone .
that time of the month for me
still neither fish ( deep enough underwater to lure me to add ) nor fowl ( flying high enough to tempt me to add more )
am currently up about 9% on this
boring but trickles in some cash each quarter and the laggard in my pursuit of four greens in the yearly comp.
good luck in the comp. everyone .
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@debtfree
that time of the month again
it still hasn't shot any lights out ( but i never really expected it to )
customer lessee SHV , is still struggling to recover from last year , but did make a profit this year ( i hold SHV )
it might be worth keeping a watchful eye on SHV , lest it help drag down the RFF share price even further ( but probably not enough for a top up opportunity on either share )
that time of the month again
it still hasn't shot any lights out ( but i never really expected it to )
customer lessee SHV , is still struggling to recover from last year , but did make a profit this year ( i hold SHV )
it might be worth keeping a watchful eye on SHV , lest it help drag down the RFF share price even further ( but probably not enough for a top up opportunity on either share )
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Subject:
Suspension of Distribution Reinvestment Plan (DRP)
20 December 2024 Rural Funds Management Limited (RFM) as responsible entity for the Rural Funds Group (ASX: RFF)advises that it will suspend the RFF DRP effective immediately under paragraph 76 of the RFF DRP .
The RFM Board has resolved to suspend the DRP with consideration to the stapled security price continuing to trade below its adjusted net asset value.
It is not considered to be in the best interests of unitholders as a whole for new units to be issued under the DRP.
While the DRP is suspended, participants in the DRP will receive cash distributions including the distribution for the quarter ended 31 December 2024 announced on 2 December 2024.
Unitholders are advised that their bank details can be updated with RFF’s registry, Boardroom Pty Limited, atwww.boardroomlimited.com.au.
The suspension will remain in place until further notice. Should the suspension of the DRP be lifted,each unitholder’s existing DRP status will be reinstated. A copy of the DRP rules can be accessed on Rural Funds Management’s website at https://www.ruralfunds.com.au/about#corporate-governance.
i hold RFF , and partially participate in the DRP ( currently )
hmmm might be the incentive i need to exit the DRP
after all why DRP when the share is not not at a discount to NTA ? kind of negates any real benefit of the DRP discount ( after all they have the ability to create more shares or buy on-market for the DRP )
Suspension of Distribution Reinvestment Plan (DRP)
20 December 2024 Rural Funds Management Limited (RFM) as responsible entity for the Rural Funds Group (ASX: RFF)advises that it will suspend the RFF DRP effective immediately under paragraph 76 of the RFF DRP .
The RFM Board has resolved to suspend the DRP with consideration to the stapled security price continuing to trade below its adjusted net asset value.
It is not considered to be in the best interests of unitholders as a whole for new units to be issued under the DRP.
While the DRP is suspended, participants in the DRP will receive cash distributions including the distribution for the quarter ended 31 December 2024 announced on 2 December 2024.
Unitholders are advised that their bank details can be updated with RFF’s registry, Boardroom Pty Limited, atwww.boardroomlimited.com.au.
The suspension will remain in place until further notice. Should the suspension of the DRP be lifted,each unitholder’s existing DRP status will be reinstated. A copy of the DRP rules can be accessed on Rural Funds Management’s website at https://www.ruralfunds.com.au/about#corporate-governance.
i hold RFF , and partially participate in the DRP ( currently )
| Shareholder Discounts? | DRP discount rate 1.50% |
hmmm might be the incentive i need to exit the DRP
after all why DRP when the share is not not at a discount to NTA ? kind of negates any real benefit of the DRP discount ( after all they have the ability to create more shares or buy on-market for the DRP )
Dona Ferentes
beware the aedes of marsh
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Rural Funds Group (ASX:RFF) reported a 17.3% rise in net property income to $45.5 million, driven by macadamia developments.
AFFO and distributions per unit met forecasts at 5.73 and 5.87 cents, while NAV fell 1.2% to $3.10. Leasing covered $119 million in assets, including deals with TRG JV and Treasury Wine Estates (ASX:TWE).
Development continues, supported by $155.9 million in debt, with asset sales planned to cut gearing. FY25 and FY26 forecasts remain unchanged.
$1.67
AFFO and distributions per unit met forecasts at 5.73 and 5.87 cents, while NAV fell 1.2% to $3.10. Leasing covered $119 million in assets, including deals with TRG JV and Treasury Wine Estates (ASX:TWE).
Development continues, supported by $155.9 million in debt, with asset sales planned to cut gearing. FY25 and FY26 forecasts remain unchanged.
$1.67
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I have a love hate relation with RFF
I want it to succeed, i want to be a proud investor, etc
And then
Down down down... disappointing always, again and again.
I usually get in , and then get out when restructuring or tax entity change etc...
Not currently owning
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i hold and participate in the DRP , that seems to be the way to grow the holding
i just have a nibble now and again ( to help the DRP accumulation along )
i currently have a small order in the market sub $1.60
a bit like watching some of those trees grow i guess it will never be a multi-bagger , but maybe in a few yew year i will opt out of the DRP and get a steady trickle of income
i just have a nibble now and again ( to help the DRP accumulation along )
i currently have a small order in the market sub $1.60
a bit like watching some of those trees grow i guess it will never be a multi-bagger , but maybe in a few yew year i will opt out of the DRP and get a steady trickle of income
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Problem is that you are not watching a tree grow but a tree dying
Dona Ferentes
beware the aedes of marsh
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I had dealings with the old entities a decade or so ago. I wasn't sure the shareholder/ stakeholder/ director-management alignment was favourable.
never held
