Newriver Reit Share Discussion Threads

[adamb1978] 04/12/2014 08:07

Reason for holding NRR is for the 6% yield. The others mentioned arent close to that

[gorilla36] 04/12/2014 07:47

Empire building going on here. Buying for buying sake. Management off the boil here, need to be told.

[gco1133a] 03/12/2014 21:51

Maybe, but Skyship is right I don't see value in holding stuff at a premium when plenty of things can be bought at a discount. I sold out at the beginning of the year and not tempted to buy back yet.

[adamb1978] 03/12/2014 21:17

Am I read that rightly? £6.3m PBT from this acquisition? Looks like a pretty decent deal

[gorilla36] 03/12/2014 14:41

Market not taking the placing very well.

[redartbmud] 24/11/2014 11:00

Sky/ Ste

Thanks for your comments, which I will take on board. I have been holding on the story of the Marstons pubs that they are converting to retail, where I am expecting them to create some value.
By the looks of the Sp I may be too optimistic in the merits of the exercise. I don't hold many, so I will hang into the divi for now, but may get out on a good day for the markets.


red

[stemis] 24/11/2014 10:51

Yes, I have to agree. I bought this as a yield stock 2.5 years ago and whilst 5.7% isn't too shabby, it's not nearly enough compensation for the risk that the 20% premium to NAV evapourates when the market decides NRR just isn't closing the gap fast enough. So I've sold this morning. Should have been quicker and done it when the price opened up on Thursday and bagged another 4% or so but can't complain with what I've had from the share.

[skyship] 24/11/2014 09:06

2013 was the time to hold NRR - a really great share price performance as the institutions piled in.

2014 however has been totally flat; and with good reason as they are trading at an unsustainable 20% premium to EPRA NAV of 252p. With house broker Peel Hunt forecasting growth to 270p in 2015, it has to be apparent that it won't be until 2016 or even 2017 that the NAV reaches the level of the current share price (304p)!

So, even though we are locked into a Real Estate bull market, it seems to me that the NRR share price is still way ahead of the game - there is far better value elsewhere in the sector.

Fortunately there is no shortage of runners and riders (see the CP+ thread); and there are still many well managed secondary/tertiary companies trading at NAV discounts - CIC,DSC,LSR,LXB & RLE being a few. I posted the story behind RLE just yesterday.

[redartbmud] 24/11/2014 08:54

Horn

I take your point.
I believe that we are both right to a degree. When assessing the price that is paid for an income generating asset it is necessary to take on board a combination of factors that will include quality of tennant, length of lease, break clauses etc, etc. NRR would undoubtedly have paid a different, higher, price to the carrying value in the balance sheets of the sellers. Any deal requires the participation of a willing seller, as well as a willing buyer.

red

[horndean eagle] 23/11/2014 22:45

redartbmud - your argument doesn't really hold much sway. They have been busy buying assets during the crash. These purchases should in theory have been made at rock bottom prices. What you are seeing is that they didn't buy particularly well and that is reflected in the fact underlying valuation growth is so poor.

[redartbmud] 21/11/2014 08:30

Horn

The company is relatively new to market, so it has not experienced the full effects of the property downturn felt by the older playes, who are now seeing a recovery in asset values that were mercilessly slashed during the economic meltdown.

red

[biggcl] 20/11/2014 22:40

where do you see that?

[horndean eagle] 20/11/2014 14:57

gorilla - Its a good job it was only your opinion. Behind all the spiel results were poor. Property valuation growth of about 1.5% in the portfolio over the period. That is the worst reported valuation growth I have seen from any property company over the period. Even worse than DSC which takes some doing. The NAV growth in the period came mainly from issuing shares at a big premium to last reported nav.

[gorilla36] 20/11/2014 07:09

Only my opinion of course, and you never know how Mr. Market will react, but I would call these results nothing less than stunning!

[gucci] 03/11/2014 23:17

Heading for a breakout

[orchestralis] 31/10/2014 10:48

Tipped in IC

[gorilla36] 06/10/2014 07:18

Looks like some very good business going on here!

[deadly] 17/9/2014 16:24

That was well received!

At >5% yield it's quite good but perhaps the % for REITS is disappointing.

[orchestralis] 17/9/2014 16:08

Dividend AnnouncementFollowing a previous announcement stating the Company's proposal to pay quarterly dividends for its financial year commencing 1 April 2014, the Board has declared its first interim dividend relating to the quarter ending 30 June 2014 of 4.25 pence per share. This interim dividend will be paid on 31 October 2014 to shareholders on the register at close of business on 26 September 2014. The ex-dividend date will be 24 September 2014. Of this interim dividend 1.0 pence per share will be paid as a REIT Property Income Distribution (PID). Further information on the tax treatment of dividends can be found on the Company's website.

[smithers] 30/8/2014 12:06

Financial review,page 30 of 2014 annual report states "the Board has agreed to a quarterly dividend policy starting in October 2014" Not too easy to find on website.

[the monkster] 28/8/2014 09:11

im too busy/lazy deadly. why don't you just tell me.

[deadly] 28/8/2014 09:00

Why not read the last company report?