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 Shares Traded Last Trade
  +3.00p +1.15% 264.00p 337,927 16:35:22
Bid Price Offer Price High Price Low Price Open Price
262.50p 263.00p 263.00p 260.00p 261.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 106.30 46.93 16.00 16.5 800.2

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New river Daily Update: Newriver Retail Reit is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker NRR. The last closing price for New river was 261p.
Newriver Retail Reit has a 4 week average price of 245p and a 12 week average price of 244.50p.
The 1 year high share price is 351.50p while the 1 year low share price is currently 244.50p.
There are currently 303,109,814 shares in issue and the average daily traded volume is 600,904 shares. The market capitalisation of Newriver Retail Reit is £800,209,908.96.
hpcg: Masses of evidence to suggest Woodford is the dictionary definition of a mug. There are clearly two different perspectives on this board: holders look at the yield and thus to the ultimate recovery in the share price, where non-holders or former holders are concerned that rents will decrease and thus so must the pass through dividend.
antho1: Lots of negatives around at the present time. Brexit uncertainty must be having an impact on a company that relies exclusively on the UK economy remaining healthy. Talk of recession if no deal brexit actually occurs doesn't help. Investors are cautious. On the positive side interest rates are forecast to remain low for years so the yield on NRR is exceptional as long as it continues. I suspect nothing will happen on the positive side to the share price until brexit is finalised (hopefully positively) and we get the half year results on 21st November. This is not really a share for short termism but if the dividends are maintained then it is still a good long terms hold. In 10 years time the share price will be higher and in the meantime the income is excellent.
hpcg: The market has look at Intu, hence the share price trajectory. Easily the worst placed IMO.
spectoacc: "I still think that the most risky properties are the medium-sized sheds in second-rate locations, mostly edge-of-town. There are very few new operators coming through to occupy the space when they fall vacant. And the vacancy costs for landlords are breathtaking. Doesn't apply to NRR much though." Agreed - see my post 603 example above. Otherwise - fair points about there still being units taken and rents uplifted, but remember all of this is without a recession and with record high employment. Interesting BLND/LAND ramp in the Sunday Times at the weekend, saying basically the discounts price in more than enough downside risk. Not sure I'd agree but I do think NRR already prices in a lot (notwithstanding the lean towards pubs - take a look at the state of MARS's share price for eg).
hpcg: Invesco equity income were mentioned in the IC as dog funds, i.e. serial under performers. This is even long since Woodford left. There ought to be some sort of press release but I can't find it. Anyway, those funds must also be at risk of redemptions. chucko1 - fair enough, share price and fundamentals are not the same, but I'd rather pile in at a great price and large discount than load up at what looks like a good price only to see my capital underwater.
mrtenpercent: I have to build an income portfolio at the moment to replace the income from Buy-to-Let properties which we are selling and I have been looking at NRR. I was a retail surveyor/property manager for many years and so far my research suggests NRR is a serious contender for inclusion, except for two huge flies in the ointment: the Woodford 28% (+Invesco 15%?) holding and the shorts who have been piling in for the last year. I suspect the two factors are linked and the short strategy is based on an assumption that Woodford will have to sell due to redemptions and such a large sale in a market that distrusts retail property will have a catastrophic effect on the share price. But I am puzzled because it isn't Woodford's funds that hold NRR, it is Woodford Investment Management (WIM) which seems to be separate legally from the funds. Does anyone know whether fund redemptions in Woodford's two open ended funds (Income Focus & Equity Income) might force a sale of all or part of the WIM holdingin NRR? Obviously the Patient Capital Trust doesn't have redemptions as such. And if such a sale is a real risk, can the directors of NRR do something to prevent the shares being dumped on the open market by going out and looking for institutional buyers to take Woodford's holding off his hands? Or is that illegal in some way?
hpcg: Right - if the smart people are selling rather than buying that does suggest they'd rather have the cash, or not debt, than the rental stream. As EI points out an RI can permanently impair existing equity, which in any case would have be dropping in value because of the distress. Without a capital raise, and with a sufficient time horizon, it would be possible to close ones eyes to a lower NAV if the yield on purchase price was sufficient. To an extent there is some protection here in the latter case, as at today's purchase price a distribution trimmed by a third would still be 6%, which is going to be well above government scrip and cash. Not as good as picking the bottom though, and eyes closed or not a lower share price is a reduction of wealth whether realised or not and as SpectoAcc is keen to point out any reduction in distribution would hit the share price.
hpcg: SKY - different use of gearing; I'm talking equity gearing. I know that lenders care about the protection of their capital, but I do too about mine. So the question with LAND is would I be called on for additional equity? That does look unlikely I agree, so same as here. So then it comes down to tactics and is the nominal write down in valuation as expressed by the discount of headline book to equity sufficient to a range of future realities, given that further market write down all get subtracted from equity. Or more simply will the share price go lower? Possibly more likely here than at LAND as I think Woodford is a forced seller, but then I don't anything about the LAND shareholder register. LAND at long term support though.
salchow: fenners66 - having just returned from a good lunch I see your message. No amount of postings on ADVFN could have the remotest bearing on a share price. Are people on here buying or selling 100,000 shares? I doubt it. From what I have seen of shareholding analysis of other companies the number of shares held by the average private investor is derisory. So no, I don't think anything on here can damage my "position". You have already made multiple postings with reasons plainly compelling to yourself which would tend to suggest that you would not consider buying shares in any company holding retail properties. To do so after what you have posted would be perverse. So I am still back to wondering about motivation. I use ADVFN for share prices and consequently at times look at what is being said about a share I hold and fairly rarely post a comment. Life is too brief for me to post on shares which I know I would not want to hold but I guess each to his own.
speedsgh: Full Year Results - HTTPS:// Allan Lockhart, Chief Executive commented: "This has been another year of growth for NewRiver, in which the foundations we have put in place through our actions in the equity and debt capital markets, our balance sheet capacity and continued focus on the most sustainable segments of the UK retail market, characterised by frequent spend on everyday essentials, have positioned us well for growth. The continued strength of our key operational metrics demonstrates the resilience of our well diversified portfolio, and our risk-controlled development pipeline is starting to deliver, with the recently announced development agreement signed in Basingstoke a key long-term opportunity. Our proven business model has continued to perform despite the challenging headwinds affecting the wider UK retail sector. With our convenience and community focus, we continue to generate growing and sustainable cash returns for shareholders, and as a result we have increased our fully covered full year ordinary dividend by 5% to 21.0 pence per share. Looking ahead, the strength of our underlying cash flows, and our well-advanced acquisition pipeline, including the acquisition of Hawthorn Leisure announced this morning, give us the confidence to increase our dividend for the first quarter of the new financial year by 3%." from Chairman's review: ... NewRiver's portfolio is well let to a diverse, high quality group of occupiers, but our share price is not immune to the more general negative sentiment towards the retail sector. Our prospects are strong - we have one of the most highly regarded management teams in the real estate sector and a carefully assembled and highly cash generative portfolio of retail and leisure assets which delivers attractive quarterly dividends. We have an identified pipeline of acquisition opportunities to execute in the near-term with the cash resources available to us. These factors, along with our inbuilt risk-controlled development pipeline and strong balance sheet, give us confidence in our future prospects. Ultimately if our share price undervalues those prospects the Board can also use the existing share purchase authority as part of a sound capital management programme. on Dividends: Today, we also announced our ordinary dividend for the first quarter of FY19 of 5.4 pence, an increase of 3% compared with Q1 FY18. The dividend will be paid on 27 July 2018 to shareholders on the register at close of business on 22 June 2018. The ex-dividend date will be 21 June 2018. The quarterly dividend will be payable as a REIT Property Income Distribution (PID).
New river share price data is direct from the London Stock Exchange
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