||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
NEWRIVER Share Discussion Threads
Showing 501 to 523 of 525 messages
|5p quarterly dividends now|
|It looks like the market (and possibly funds) may think NRR will qualify for the FTSE 250 at the forthcoming review at the end of this month, now they've moved to a premium listing. However, in order to qualify I think they would need to have a 20 day trading record on the main market.
Be interesting to see what happens.|
|Nice to see positive view from Barclays|
|LIBERUM: NewRiver Retail* - Good start to FY17
"A reassuring Q1 update from NewRiver confirms progress across all parts of the business. High occupancy has further improved to 97%, footfall continues to outperform the benchmark and leasing deals have continued as planned since the referendum."
|Not too much wrong with that update!|
|NewRiver Retail will continue to grow - HTTP://citywire.co.uk/money/the-expert-view-n-brown-johnson-matthey-and-safestore/a922232?ref=citywire-money-picture-galleries-list#i=5
Real estate investment trust (Reit) NewRiver Retail (NRRT) is a market leader in the convenience and leisure property sector.
Berenberg analyst Kai Klose initiated coverage with a ‘buy’ recommendation and target price of 365p on the shares, which rose 0.7% to 314.9p yesterday.
‘We believe NewRiver Retail is well positioned for continuous growth and that the investor base should be broadened from the targeted listing on the main markets,’ he said.
‘Supported by positive rental growth, moderately rising occupancy levels but also from the sourcing of new retail properties, we believe net operating income will grow by 61% from £54.6 million of March 2016 to £88.1 million over the next three years.
‘While the UK retail market is likely to remain competitive, NewRiver Retail is well positioned to show solid growth in earnings and dividends. We also expect a positive impact for the stock following the listing on the main market, expected this year.’
NOTE: The correct ticker for NewRiver is NRR (not NRRT as article above).|
SP is actually slightly down on last Open Offer. Price seems full imo, but is good income share.|
|EPRA NAV of 295 pence increased 11% (2015: 265 pence)
"The year under review has been truly transformational, delivering record financial results and significantly increasing all operations across the business. The scale of the business has grown exponentially and is now of a size befiting a FTSE250 Main Market company where we intend to be later this year as we move from AIM. Importantly, NewRiver has again demonstrated its ability to swiftly deploy new equity and debt capital to acquire strategic income producing assets, supporting our progressive quarterly dividend policy. The Company has significant further growth potential and we look forward to the future with great excitement and confidence."
Trading at a premium to NAV presumably because of perceived growth potential.
In April 2016 NewRiver was awarded Property Week's Property Company of the Year 2016
Any one have links to uk retail property cycle charts? Clever management will always be able to buck those cycles.
Move to FTSE 250 should help share price progress although I am principally here for the divi.|
|9% PREMIUM to NAV. Sure, excellent results and a 5.7% yield; but holding propcos trading at a PREMIUM, especially nearer the end of the cycle than the beginning, is no way to maximise your portfolio capital.
Don't expect to make any share price progress over the next year.|
|Craig 69 yes I suppose that's a fair point|
|But gives time to buy. It's great when the price does not react much|
|redartbmud yes on track still. Great results thought share price would have jumped northwards today with results. I'm happy to wait although patience not my strong point....|
|Article posted, feedback is welcome
|Patience. Word will get about I hope!|
|it does make you ask what a company has to do this days. These figures are beyond stellar and yet …|
|And the share price rises by just 1.4% ! Sorry, 0.3%. !|
Move to Main Market on track for Q2 FY17|
|David Lockhart, Chief Executive at NewRiver Retail commented:
"The year under review has been truly transformational, delivering record financial results and significantly increasing all operations across the business. The scale of the business has grown exponentially and is now of a size befitting a FTSE250 Main Market company where we intend to be later this year as we move from AIM. Importantly, NewRiver has again demonstrated its ability to swiftly deploy new equity and debt capital to acquire strategic income producing assets, supporting our progressive quarterly dividend policy. The Company has significant further growth potential and we look forward to the future with great excitement and confidence."
"NewRiver delivers sixth consecutive year of revenue, profit and dividend growth.
The Company is delighted to announce an 11% increase in the first quarter dividend for the new financial year to 5 pence per share (Q1 FY16: 4.5 pence) payable on 19 August 2016 to shareholders on the register on 22 July 2016. The ex-dividend date will be 21 July 2016."
Very good to see that EPRA NAV per share has moved up from 265p (2015) to 295p.
|Fantastic results looking good here|
|Thanks Metis. I saw this in questor this morning looked into it and bought in. Interesting to see Woodford move.|
|by Questor in the Telegraph this morning
Finals tomorrow - good results expected
from Nov 2015 interims
"The Company has announced its intention to move from AIM to the Premium segment of the Main market of the London Stock Exchange. The process is progressing well with an expected target date of July 2016. The Board is delighted with NewRiver's significant progress in the period which again demonstrates that it is achieving its objective of becoming one of the leading value-creating retail property investment businesses in the UK. The Board looks forward to the future with confidence."
Woodford moved above 23% on the 19th of this month.|
|Results in 25th|
|Anyone know when we hear about entry into the FTSE 250? Seems to have gone quiet on that front?|