Share Name Share Symbol Market Type Share ISIN Share Description
Newriver Reit Plc LSE:NRR London Ordinary Share GB00BD7XPJ64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.40p +0.21% 193.80p 8,917,522 16:35:08
Bid Price Offer Price High Price Low Price Open Price
193.80p 194.20p 196.40p 193.20p 196.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 125.40 -36.40 -12.10 592.2

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Date Time Title Posts
17/6/201913:21New River Retail1,162
07/6/201912:11Newriver Reit5
25/9/200709:43Nardina Resources PLC196
10/4/200614:30Nardina- The Next Multibagger Resources Stock10
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Newriver Reit Daily Update: Newriver Reit Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker NRR. The last closing price for Newriver Reit was 193.40p.
Newriver Reit Plc has a 4 week average price of 187.40p and a 12 week average price of 187.40p.
The 1 year high share price is 289.50p while the 1 year low share price is currently 187.40p.
There are currently 305,564,478 shares in issue and the average daily traded volume is 2,071,547 shares. The market capitalisation of Newriver Reit Plc is £592,183,958.36.
fenners66: Lord Gnome - I don't see this as an apocalypse at all. For the last few years I have been looking at higher yielding shares on the market. Some of them , on studying I decided and posted many times were basket cases and were going to lead to zero value for shareholders, CLLN INV DEBS LA. NRR should not be , but the share price decline was likely. I think that the dividend will come under pressure in years to come - however if the share price keeps falling , will the yield continue to hold up ? Problem is I look for high yields where I think the dividend is sustainable. As for Brexit - a no deal would mean a bit of disruption - but the REAL threat of no deal should be to get the arrogant Eurocrats around the negotiation table on the basis that they have to negotiate a deal not just impose a deal on the pathetically weak Treason May. A credible threat to walk away should have them make the next move / concession. Regardless I don't buy the Brexit apocalypse as I didn't buy project fear and the morning after the referendum Budget threat. Remember that ? We have built centuries of economic growth on innovation, we adapt and we do it rapidly. We need to escape Euro bureaucracy and we will adapt more quickly than the Europeans do. Remember there was going to be an apocalypse if we did not join the Euro - well that BS did not happen either.
lord gnome: Good points CC2014. As to when and where it will bottom out, I haven't a clue. Nobody will ring a bell to let me know. I have however, probably made more money (read, saved more money) by watching these drop than I have made on any of my other long term hold, dividend plays over the last 12 months. It is just over 12 months since I saw NRR present at Mello. I was very impressed and put the share firmly on my watch list as a third leg of my property holdings (RGL and AEWU). I resisted the temptation to buy at that stage and then watched the share price drop, drop, drop until we are where we are today.
fenners66: As I said we discussed the pro's and con's at length about a year to 18 months ago. And you could try and pin all the share price decline since down to Woodford but I think that would be woodford tinted glasses. As for the value end of the market.... a Pound store chain has already gone bust. In the town near me more than half of the high street is empty already. There are at least a 1000 betting shops to close in the next couple of years. Rents will fall as a knock on effect - if you don't believe that look at London retail property prices over the last 50 years - when they go up the country follows and vice versa. Why should house prices go up in Barnsley just because they already did in Islington ? Well they do and if the next property crash starts in the capital the rest of the country will follow. Retail property is not immune to the same ripple effect.
spectoacc: Disagree @fenners66 - look at NRR's average rent compared to say INTU, who are exposed to Arcadia, or CAL (going to zero IMO), who have large department store exposure. The whole point is that NRR are at the value end, the pound shops, the B&M's, not the dept stores (in general - you could argue "all retail is dead"). When NRR share price tanks, as it has and will probably continue to thanks to Woodford's holding within IFF (I doubt he's sold a single share yet from WEIF), there'll be more "Look at the state of the High St" posts. Yet NRR isn't falling because something has suddenly changed in the retail market over the past few weeks. Pubs? Now, they're more interesting. Could argue NRR's large pub exposure works by buying from distressed sellers, working the asset (Co-op conversion etc), then doing it all again. And that Woodford's impending collapse means no money to be raised to keep that ball rolling.
fenners66: Well I have kept a close eye on these for a few years now. I have joined the discussion previously (at length ) about the decline in retail and heard the counter about these shops are different. However even BBC radio managed to explain this morning about the Arcadia CVA that landlords may well be better off allowing Arcadia to fail and have a void period than permanently reducing rents across the board. There is no doubt -since Green has succeeded, that the landlords feel too weak for the battle and others will follow , either with their own CVA's or just plain hard negotiation, "How can we compete with Arcadia when they have their rents slashed?" That will ripple out and I firmly anticipate falling rents across the sector - or do some of you believers think that Arcadia's shops were located in poor positions ? A retail £Billionaire knows how to maximise location so that will not have been the problem. So it does not matter how good NRR's locations are there will be equally good locations with rent reductions next door (figuratively speaking). As for the argument that they are not just in retail - there will be a perception that they are among potential investors and that may be just enough for them to ignore the company anyway. After all there are always sellers of shares and New buyers are required in order to keep the share price up. Yes the Woodford situation is different and a one off, but he will be selling into a poor market for the reasons above. I said I should have shorted these from about £3 (or wherever it was it may well have been higher), and the share price has continued to decline since so whatever the reason I feel vindicated. I just cannot see sentiment changing for the better for some time. I think property valuations will continue to fall.
wskill: We have to return to 2012 when the share price was at this level dividend were 15p now 21.6p which is reasonably secure with the latest deal showing how it can be covered this year selling lower yielding investments and replacing them with ones with higher growth potential. But are we at the bottom that is the most important question for me will buy more next month as am around 50% of my target holdings in nrr now.
pyufak: Hi all, I've been watching this one for a while - I took it off my watchlist today. I hope it works for holders but post because I think counter arguments can be useful. 1. I feel the trend against the high street is here to stay and if anything accelerating from anecdotal evidence of my personal experience. 2. Woodford masks an underlying trend I dislike. Yes, his exit is weighing on the share price but it feels like it is accelerating weakness rather than been the root cause. There are many professional investment firms who will have taken deep dives into NRR and are choosing not to buy. The bid certainly seems very thin to the stock. 3. Personal finance is a passion and I have a network of friends and some family who are all active. They all own NRR as income plays - so I worry it has huge retail sponsorship and is a dividend trap. 4. Lastly, 10%+ I feel is justified for the risk you take here. UK recession / Brexit / further high street decline / leveraged fund - means I would be buying this hoping to get the dividend and not anticipating capital appreciation with time. So I stay away and wish anyone holding this the best of luck
hpcg: fenners - Woodford pumped up the price of many shares completely beyond realistic levels. It was something akin to VC funded up-rounds where holders invest new money at a higher nominal share price to plump up the value of their existing holding. RM2, PURP, ALM, CIR and on and on, including companies as large as IMB. That doesn't make every company he ever bought a basket case, though he is and was in plenty of over-geared value traps, but it did make for a false market in almost everything he invested in.
hpcg: Chucko1 - yes, but NRR is not my only opportunity. Indeed, as you know, it is far from the only opportunity in UK REITs. Look through the external returns, the share price and the dividends, to the internal returns, the rent roll and the net book value. Why do I want to own assets that are depreciating, income declining and debt increasing? Half the valid answers ultimately boil down to those trends stopping and then reversing. The other half is that irrespective of those trends the discount is so large that the terminal value is well into the black. Neither of these are yet the case. Or another look, FFO / EV is 5% (EV / EBITDA is 6.5%, ROCE 2.8%, ROE 2.17%). This is not a high quality business, but I can live with it if it is a stable business but right now it isn't.
fenners66: gorilla - thanks for the clarification We have debated on here their style of portfolio and the possibility that it is insulated from vacancies by being at the lower end. However; I put this point forward months ago;there is no immunity to sentiment that has a lot to do with driving share price movements and perhaps more importantly when all around properties are falling empty then there will be pressure on the market for all retail property. It is simple supply and demand - if there are empty shops elsewhere - possibly rent free with just business rates paid sooner or later businesses will demand a rent cut or move. The counter argument is that the good locations will not move - but surely we have had that debunked already with the move of major retailers from High Streets to out of town. Sooner or later money talks - I believe it will be the "market rent" which will fall - just the same as the market price for houses - we all understand house prices - they move in tandem and it does not matter if you have the best house in the street it is still likely to decline in price when the rest do. Mickeyfernandez "but every single post you write about nrr has a negative slant" I agree they have - for about a year I would guess. Negative about the prospects for retail property but that's the market. I have mostly been motivated to post the contrary view to a lot of posts on here as above - but this is just the way I have seen the retail market moving. If I am wrong - that is as much about sentiment as specific NRR - then why are the shares heavily down since I threw my 6p in ? As I said a long time ago I put these on my watch list for yield and they continue to pay a dividend so the yield climbs higher - but the share price decline has far outweighed it. I think we have to see where these are when we finally reach a retail property bottom.... but will we even know when that is ? To explain the line about bookies and FOBT. There are an awful lot of small retail high street bookies - whose profit is based upon FOBT - the takeover of Ladbrooks by GVC gained many of these but after the stake change the idea is that they can exit a lot of the leases in the next few years. If you remove a lot of bookmakers from the High street and after all the stake limits do not apply online - then who is going to fill the estates of empty shops ?
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