Newriver Reit Share Discussion Threads

[juuunx2] 08/1/2016 15:15

Red and ShauneyHere's hoping for a prosperous new year..Regards M

[shauney2] 08/1/2016 14:07

Thanks for that juuunx.

A trading update next Monday.

[redartbmud] 08/1/2016 12:14

juuunx

I hope that the IC tip isn't the kiss of death.

When I took my position in Nrr it was for the long term, or until they sell out.
the aim was modest capital growth and growing yield. So far I am not disappointed.

red

[juuunx2] 08/1/2016 12:01

Tipped in IC today under income tip of the year. Summing up they say' Nrr's shares offer a number of attractions not least of which is their high and growing dividend yield. What's more, this income opportunity should be introduced to a wider audience of investors in July if plans go ahead to move the shares from aim to the main market. Buy JC' All looking good here and nice to see it tipped in IC. RegardsM

[salchow] 11/12/2015 09:44

SKYSHIP - yes, but this is a quite different from some propcos I hold. It is not just largely passively holdings investments but is creating value from them on a very regular basis. My view (rightly or wrongly) is that there is further to go and my point was that a drift down to 325p in itself is the sort of thing that happens when everything is going well with nothing to worry about. Anyway, my overall views are probably quite different from most - having been investing for getting on for almost 50 years I think the prospects for this country are exciting - I have never been a pessimist.

[redartbmud] 10/12/2015 19:38

Fwiw I believe that Sky is correct.

[skyship] 10/12/2015 17:50

"Surely we don't have short term traders in this"

Salchow - sorry, but if you invest in propcos then you have to invest the cycle. A statement of logical fact - just take a look at the chart of BLND over the past decade...

The current cycle is nearer the end than the beginning, so watch out when holding stocks at an NAV premium.

[salchow] 10/12/2015 11:11

I don't think it will necessarily drift down to 325p (obviously it will if the market falls) but if it does, so what? Surely we don't have short term traders in this.

[skyship] 10/12/2015 10:47

It was just too tempting for the BoD. The share price up at 360p was absurd; such a premium represents a massive opportunity to raise cash - still at a premium; but the overvalued stock makes the 325p placing price look halfway good value.

The price will inevitably drift down to the placing price IMO...

[bscuit] 10/12/2015 09:33

Did you suggest that has a share holder you would want
to go "inside" and invest? Perhaps an approach to PH would have been better?

[joan of arc] 10/12/2015 09:27

Voting to waive your pre-emption rights is like turkeys voting for Christmas. Why were they put in the original articles of incorporation if it now suits the directors to get rid of them.

I have no doubt that it may serve the directors interests but I, for one, am not convinced that it is in mine. Per se I am not interested in actions "fundamental to the future growth of the Company" but rather capital and income growth per share. Furthermore the bigger the share base the harder that objective becomes as well.

I believe that at the EGM the costs of a rights issue should be explained and we should be given the option to decide which way we want the funds raised, if at all.

[gorilla36] 10/12/2015 09:23

Red - I have emailed NRR accordingly. It will be telling if I get a response and what it may contain. Lol…re GLE, now on a watch list.

[redartbmud] 10/12/2015 09:03

gorilla

I am not a fan of share tip letters, but on this occasion Gle appears to be a company with some substance.
I just don't see £15.16 by 2019. I would eat my hat if iy happened.

red

[redartbmud] 10/12/2015 08:41

gorilla

I agree on the topic of placings. I always feel short changed. A relative few are given the chance to flip shares, bought at a discount, at the expense of existing shareholders, who need to buy in the market if they want to maintain their holding in the company.

red

[gorilla36] 10/12/2015 08:33

I don't necessarily have a problem with a placing, but I always feel that existing shareholders should be allowed to participate. Sure it is a little messy and administratively heavy but if you own part of the company no matter how small you should be able to partake….simples! Any thoughts?

[gorilla36] 09/12/2015 15:12

SKY/Red - Don't know if you have heard of The Penny Share Letter (I know, I know !!). I not normally a fan of "penny shares", anyway they seem to dedicate each monthly issue to a single share. This month was M.J. Gleeson (GLE). I have to say I was impressed with the balanced write up. They do seem to have a rather unique model. The long and short of it is the author reckons they could be worth £15/£16 by 2019 (£5.50 now).

[redartbmud] 06/12/2015 17:04

Sky

Thanks for the comment.


red

[skyship] 06/12/2015 14:43

Red....Housebuilders - there was massive support for the sector early this year; and the prices obviously got ahead of themselves. Since then we've had 5-6 months of indigestion consolidating the gains. Personally I feel that, although we are approaching the usual Q1 season to buy house-builders, 2016 will break that play and the whole sector will continue to track sideways.

As for the commercial property sector, in many cases the whole of 2015 has been a consolidation phase - just take a look at the BLND chart. I think 2016 will reassert the dominant trend; though one should perhaps have to be more selective. NRR for instance is priced for perfection 2-3 year's hence, just when the cycle may be coming to an end; so IMO the current share price is illogical!

[bscuit] 05/12/2015 14:20

Algy Hall in yesterday's IC under High-yield small -caps 2015 sees plenty of room for upside from NAV growth and move to main market, but also further issues for another £300M acquisitions.

[redartbmud] 05/12/2015 12:00

SKY

When do you see the correction in house builders and propcos?
Carney seems to want interest rates to hold till 2017, but the market will be looking ahead and thinking.

red

[skyship] 05/12/2015 11:15

gorilla - for other propcos, browse the CP+ thread from time to time. Obvious problem with NRR is the massive premium to the underlying NAV - the largest in the sector. Though I admit, that hasn't stopped the share price progress thus far!



Personal favourite at the moment has to be UAI (formerly DSC). Seems to be building a base post a 5month drift back from 290p to 220p. They are now on a 25% prospective NAV discount and a 6.3% yield if they pay the same as last year.

[redartbmud] 03/12/2015 11:38

gorilla

I can't say that I am happy with the Smp yield that I believe holds back the Sp. Perhaps the government housebuilding initiative may help the Smp/Psn tie up, as they are experts on brownfield sites.

I am looking objectively at my house builders. there might come a time when I top slice. Interest rates will be the key, and I don't see significant rises any time soon.

red

[gorilla36] 02/12/2015 15:47

Cheers for that Red. Had a quick persue through your list and was quite impressed with MKLW, nice divi there. Have owned SMP before and done quite well, just got a bit bored with it. Have recently sold TEF and BVS (stop loss) should have went with BWY and BEZ instead!

[redartbmud] 01/12/2015 21:02

gorilla

Mklw
Small Midlands based propco. Family owns a big chunk. Rupert M (son) is Chair. I like him and CEO Parker. No nonsense, they know what they are doing.They are conservative in outlook and know the territory very well. Share is illiquid - big spread and chunky share price movements. Div paid as part PID evey year.

Clln
They aim for contracts within a certain bracket that they know they can manage efficiently (and profitably!)
Expanding in Canada at present, where they see good opportunities.
Middle East is mainly through joint ventures with locals. Hope they don't hit political issues.
UK should see plenty of business, going forward.
PPI and successor initiative creates chunky profits pattern when sold off, but maintenance contracts brings in steady revenue.
One of the biggest shorted UK companies. Could relate to convertibles?
Low PE and very good yield.
Order book thinned out a bit recently, but current year T/o (and profit hopefully) already pretty well set. Divi is secure IMHO.

Smp
As Clln their T/o (and hopefully profits) for year pretty well sorted.
Yield poor.
Levesley and Clarke families slowly selling down big holdings as the older family members fall off their perches.
Experts in brownfield sites that they get 'cheap'. Happy to hold onto them for long time before developing.
New Covent Garden project should be transformational for the business.
Overheads still pretty well covered by income from rents.
Tie up with Persimmon to build houses around developments, where appropriate.
Do not start big commercial development until flagship tenant signed up. They attract other tenants and space pretty well sold out before completion.

Not much to say about housebuilders that isn't already written.

Sgro, Inpp & Ukcm are smallish holdings in my portfolio.

red