Newriver Reit Share Discussion Threads

[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

[gorilla36] 01/12/2015 20:14

Cheers red, will have a look at those.

[redartbmud] 01/12/2015 16:33

gorilla

Nearly overlooked Psn.

[redartbmud] 01/12/2015 16:26

gorilla

I hold Bdev, Tw, Smp, Sgro, Inpp, Ukcm, plus Clln and Mklw that can be loosely related.
Rest of portfolio well spread out.

red

[gorilla36] 01/12/2015 15:28

Red - Agreed re low maintenance, in fact I want it to go quiet for a few days now so it does not attract the attention of day traders or hedge fund robots..lol! I would be interested to hear what else you are in of a similar vein. I hold MANX, RNWH, HGG GAMA, TRAK. Those have similar profiles to NRR. Not so good this year have been OPG, SKIL, SPRP, QP.

[redartbmud] 01/12/2015 09:35

gorilla

That is why I am here. I'm afraid that the tintins just don't get companies like this. It is a share that requires little maintenance and a company that should continue to consolidate it's position, growing in strength and therefore increase share price and dividends.

red

[gorilla36] 01/12/2015 09:31

Redartbmud - To be honest a £1.00 a year with the excellent dividend would do me fine. Far to many companies going for breakneck growth which ends in tragedy. Would much prefer to see a well managed conservative co. grow its business and dividend over time. Nice steady growth and no nasty surprises or shocks on the way.

[redartbmud] 01/12/2015 09:07

Yes, it has been a slow upward struggle since I first invested at just over £3 per share. The market has not warmed to the business plan, but as they grow they are able to cement their position.

[randomambler] 01/12/2015 08:50

Absolutely gorilla36 - they've been knocking at this ceiling for a while now so I hope that the break-out can be maintained!

[gorilla36] 30/11/2015 21:49

Through that £3.50 barrier at last, lets hope it holds now!

[gorilla36] 18/11/2015 12:59

Well, I think these are pretty stonking results!

[orchestralis] 12/11/2015 09:58

Div payment tomorrow

[deadly] 21/10/2015 08:54

good update today:

Strong second quarter sees GBP222.3 million of strategic acquisitions at a combined average yield of 9.6% and continued progress on value-enhancing asset management and risk-controlled development

[gorilla36] 16/10/2015 08:31

mmmm - just can't seem to punch through that £3.50 mark!

[skinny] 24/8/2015 07:14

Exchange of contracts for £53.5 million acquisition
of 158 Pubs from Punch Taverns, at a net initial yield of 13.61%

[bscuit] 03/8/2015 14:36

David,

Never doubted they were cleverer than me and I had forgotten the salient paragraph in the link you provided.

O/T I posted a query on the VLK thread. Can you clarify?

[jeff h] 03/8/2015 14:17

I thought most of the convenience stores they'd agreed to build was on attached spare land or the pub car parks? - ie they'd agreed to develop surplus space and in many cases retained the pub.

[davidosh] 03/8/2015 12:50

I suspect they will not keep them trading as pubs long term.....they tend to convert them when tenancies run out or planning applications are completed allowing maximum development gain. They did this very successfully before with Marstons two years ago so I am sure they know what they are doing

[redartbmud] 03/8/2015 07:47

I would be concerned if they diversified to create an arm that is a pub business. Their experience is as a property co. and pubcos are disposing of this stock because it is grossly underperforming. Management and infrastructure would not be in place, neither would they have economies of scale.