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Share Name Share Symbol Market Type Share ISIN Share Description
Newriver Retail Reit LSE:NRR London Ordinary Share GB00BD7XPJ64 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.50p -3.07% 205.50p 206.50p 207.00p 211.50p 205.50p 210.00p 357,963 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 106.3 46.9 16.0 12.8 624.71

New river Share Discussion Threads

Showing 1051 to 1075 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
19/1/2019
12:28
Q3 report sounded upbeat-- all reports sound upbeat! - only problem is that there was no profit figure so do not know how uncovered the dividend was.
tim1478
18/1/2019
07:29
fenners66 - well then you need to stop troubling yourself about property companies for a long time!
salchow
17/1/2019
19:26
salchow - as I have said before I put these on my watchlist for dividend a few years ago but did not buy and I therefore keep an eye on their news and BB posts. What is it , a year ago or so ? I came to the conclusion that retail property was going to tank as the writing was on the wall that there were too many unprofitable shops. Yes I said I should have shorted these even then as chances were they cannot avoid the slump in demand for retail. I think the effects of that will take a long time to play out. If your lease is due in 2 years then you plan to approach the landlord with a sheaf of alternatives at a lower rent and ask him to reduce yours or else. If during that time vacancies abound and rents drop elsewhere you know you have that ammo in your hand when you talk to the landlord. Yes the latest statement reads well and they may end up being the only landlord left untouched if they keep shifting properties - but I don't think so. So I post stuff in support of my opinion - and it is only that and I may be wrong , there are enough shares on the market to be wrong about. However the share price decline in the last years encourages me that I have it right so far. At some point there will be a bottom - not all shops will close - perhaps I will invest then. I think at the moment the retail bust is still gathering pace. Now we are told 100 Debenhams stores may close and similar M&S number (?) So I still think this has a long time yet to play out.
fenners66
17/1/2019
16:43
As a REIT, there is little scope for a large dividend cut. Their income is still high and largely unaffected by the current retail travails - and this must be paid out as dividends to a large extent (it can get quite complex, but I think what I am saying is pretty well the case). Buying property at 9% yield, selling at around 5%, and then reinvesting at 13% shows they have something decent about them. Unless what they are buying now is foolish - but their track record would argue against that. The Woodford overhang is a concern to me too, and for that reason I hold rather less than I would have wished. But at this price and with the last few trading updates, I am gradually adding and will continue to do so until and unless the facts materially change. 10.5% dividend yield for a company creating capital out of profitable developments? Why wouldn’t you?
chucko1
17/1/2019
15:51
I did buy in again today. Quite a reassuring report.
hpcg
17/1/2019
13:53
Ironically they could halve the divi and still be a decent payer (I don't think they will). They're not immune from the woes of the high street but they're hardly unaware of them - community, Lidl, pubs, low rents, they've numerous advantages. Short positions are a reason to buy IMO - but Woodford & Invesco's giant holdings are a reason to hold off. I'm very much a holder, but it's one of quite a few prop co's I've got atm.
spectoacc
17/1/2019
12:07
At this level I think it is. Was very concerned prior to this latest statement and half expected a dividend cut - or even suspension, but management seem very capable in a tough environment. my average is quite a bit higher but I am confident in averaging down now at these levels. Income stream seems ok - for now...
minfeus
17/1/2019
11:51
The main reason I don't reinvest here is the level of the short positions although the high dividend is very tempting.
salchow
17/1/2019
11:49
fenners66 - I don't hold this at present but wouldn't you agree that NRR seem to be doing exceedingly well in their results compared with the apocalyptic landscape you kindly keep warning people about. I never understand why people who don't hold shares comment multiple times on the same subject. Why on the NRR board in particular? Why not on the boards of those companies that have the larger shopping malls? My reason for looking on here is because I once had a large holding and am therefore interested in following the company and to consider when the time may be right to reinvest. In doing so I perhaps foolishly look at some bulletin boards although frankly it is rare I take any heed of them.
salchow
17/1/2019
09:51
Excellent dividend too...
minfeus
17/1/2019
09:03
Seemed a perfectly reasonable t/s to me - tho opening pubs in shopping centers was a new one. Interesting to see which way NRR is heading.
spectoacc
14/1/2019
08:25
hxxps://www.thetimes.co.uk/edition/business/landlords-braced-for-wave-of-store-closures-0fm0gskxx Landlords braced for wave of store closures Landlords are set for a fresh wave of pain after more than 20 struggling high street chains instructed Deloitte to assess whether they are eligible for debt restructuring in the past two months alone. The accountancy giant is understood to be considering whether the chains, mainly fashion and homeware retailers, can use a company voluntary arrangement (CVA) to shut shops. CVAs allow distressed businesses to walk away from lease liabilities to keep trading, but they have been criticised for leaving landlords shouldering a disproportionate burden.
fenners66
31/12/2018
16:08
Sunday Express saying that Co-op are to open 100 new stores in 2019 to take advantage of changes in consumer buying habits. This is, of course, one of the areas in which NRR are interested.
salchow
31/12/2018
02:01
Daily Mail citing unnamed research as expecting 22,000 shop closures in 2019.
fenners66
21/12/2018
10:18
Reel Cinemas to open at The Ridings shopping centre, Wakefield - HTTPS://www.nrr.co.uk/docs/default-source/Documents/18-12-21-reel-cinemas-to-open-at-the-ridings-shopping-centre-wakefield.pdf?sfvrsn=4 NewRiver is pleased to announce that it has exchanged contracts with Reel Cinemas, the community cinema operator, to open a five-screen cinema at The Ridings shopping centre in Wakefield, West Yorkshire. The new cinema is scheduled to open in May 2019, occupying a space created by the innovative conversion of three former retail units, with minimal structural alterations, which has been let on a 15-year lease. Reel Cinemas was established in 2001 and is now one of the largest independent cinema operators in the UK, with 13 venues across the country and plans to develop at least 10 more over the next five years. Its cinemas are in community locations and showcase the latest releases, with its competitive prices being a key differentiator in the market. The Ridings shopping centre was acquired by NewRiver in January 2016. Since acquisition, NewRiver has undertaken and continues a programme of active asset management works at the site, including rebranding the centre and upgrading signage, wayfinding and facilities such as the customer toilets and an award-winning baby change area. Most recently, NewRiver brought its pub operating expertise to The Ridings with the opening of the Keg & Kitchen, a food-led community pub located in the centre’s 240-cover food court, operated by Hawthorn Leisure, which the Company acquired in May 2018. Reel Cinemas is expected to be a major driver of footfall for The Ridings and the wider city centre, particularly in the late afternoon and evening, and will also provide a multi-functional space for community events. Its opening will mark another step in the transformation of the upper mall of this three-level centre into an affordable family leisure destination. Paul Wright, Director, said: “We are delighted to be welcoming Reel Cinemas to The Ridings and to the NewRiver portfolio through this ambitious and innovative repurposing of former retail space. We have worked closely with Reel to ensure this is an exciting Wakefield community attraction offering affordable prices with some interesting surprises. As Reel Cinemas continues its rapid expansion, we will continue to work with them to explore similar opportunities across our portfolio.” Chris Morgan-Giles, Property Director, Reel Cinemas, said: “Reel Cinemas is excited to soon be opening at The Ridings, providing a brand new space for the local community to watch the latest releases and more, at competitive prices. NewRiver has been a dependable and engaged partner throughout this process and shares our vision for delivering places for people to relax and be entertained in the very heart of their community.” Cllr Peter Box CBE, Leader of Wakefield Council, said: “We are pleased to be welcoming Reel Cinemas to The Ridings shopping centre. It will be an exciting and attractive addition to Wakefield’s leisure offer, increasing footfall and providing a real boost to the city centre.”
speedsgh
17/12/2018
10:02
From the Times Funds such as Cerberus queue up for Enterprise Inns pubs sale. A £350m portfolio of pubs put up for sale by the company formerly known as Enterprise Inns has attracted bids from a string of funds looking to cash in on its lucrative property assets. Davidson Kempner, Cerberus, NewRiver REIT (NRR) and Aries Capital are all thought to have tabled second-round bids for the 370 pubs, which are understood to be on the block for between £320m and £350m. Owner EI Group (EIG) has hired Rothschild to run the sale of its commercial property portfolio, which is made up of pubs free of ties to breweries and other former pubs converted to restaurants or convenience stores. The move was met with concern by beer campaign organisation Camra, which urged it not to sell the pubs to property developers.
shauney2
17/12/2018
09:30
After thinking about it for half an hour I guess it's partly going on increased pension contributions through auto-enrolment
cc2014
17/12/2018
09:18
d) Debt repayment, after recent all-time lows in the savings ratio Just remember - NRR is turning into a pubco ;)
spectoacc
17/12/2018
08:59
yeah, but where is all the money going? For the first time in years we have wage rises at nearly 1% higher than inflation (and employment is still growing) Either a) it's being saved (possible, given uncertainty around Brexit but we know British consumers love to spend) b) it's being spent on leisure (Possible, but the number of restaurants closing doesn't suggest this) c) We've all worked out it Black Friday wasn't really a sale and it will be cheaper after Christmas (possible but wouldn't account for it all)
cc2014
17/12/2018
08:47
Bloomberg has just referred to a "retail apocalypse"
fenners66
13/12/2018
12:47
Ha cheers andy, even a blind squirrel finds an acorn now and again..... Well done on getting in at near the bottom there. Always nice when that happens. For me I don't know what this may do at the start of the new year with potentially more political uncertainty on the way. I'm thinking the only way out of this stalemate may well end up being a referendum, but who knows. Long term I think these will be fine, so I'm just going to try and buy the dips, get my average down and hold. I like what they are doing to diversify into the pub game and offloading units. They are not afraid to make some moves and seem to be one or two steps ahead of the others, which bodes well for the next couple of years of possibly rough waters. So long as they stay patient and don't try and push it too aggressively, they should be ok.
mikeyfernandez
13/12/2018
11:41
This share is now really interesting. I only have a tiny holding now as I have sold some. If their strategy comes off, it is amazing value. If the financial deterioration noted in the last report accelerates,they will have to reduce the payout and the share price will be toast. I had wanted to short at 258 but IG would not take any now short positions. The next two report will be crucial.
tim1478
12/12/2018
23:15
You were absolutely right. Having watched these for two years and finally deciding to buy at 2.09, I hope it is more than a minor bounce.
andyj
11/12/2018
10:37
Think this may bounce a little now into the end of the year, as uncertainty can't get much higher barring a change of leadership/general election and as potential for new referendum climbs, plus dividend in few weeks
mikeyfernandez
10/12/2018
16:43
@hpcg - more bankruptcies seem a racing certainty. Warm weather has done for the winter collections, Brexit uber-uncertainty at exactly the wrong moment, and as we've been saying for a while - the loss of a few causes the rest to lose footfall, not gain trade. I bet most get through Xmas but can't meet the March rent bill. On the plus side - NRR seems to be becoming a pubco ;)
spectoacc
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
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