Newriver Reit Share Discussion Threads

[shauney2] 07/2/2014 10:00

Tipped in yesterdays Shares Magazine.
Some good buying ahead of the special dividend now.

[nil desperandum] 31/1/2014 16:58

Thanks Alter Ego .... I'll hit them with that info and see what they say ... !!!

[the monkster] 31/1/2014 16:31

i think they just need to fill in the nominee mandate that allows them to get the payment gross if held in an isa pot. there may not be many holders in the pot so they may not know about the gross eligibility and if you tell them to do it they should oblige.

[alter ego] 31/1/2014 16:30

yes, it was Selftrade. When I had the first net div I gave them chapter and verse and was politely told they already knew what to do and would do it. Perhaps you need to rattle their cage a bit as I can't think why you wouldn't be entitled to same unless you live somewhere other than UK?

[nil desperandum] 31/1/2014 16:27

Was that MCKS with SelfTrade? In which case great I'm happy to wait ... so why the hell have they told me 'sorry, but ...'?!!!

[alter ego] 31/1/2014 16:16

MCKS (McKay Securities). Received a div less tax on 10 Jan last year and tax refund on 25 Feb. Received net div on 2 Aug last and tax refund on 12/8. Latest div paid recently but no refund showing as yet.

From NRR website a useful note on how it works
www.nrr.co.uk/wp-content/uploads/2011/03/reit-note-for-shareholders-on-taxation.pdf

[nil desperandum] 31/1/2014 16:07

Oh, bear in mind that some REITs declare divis which are NOT PIDs - it's just the PIDs which have the 20% withholding tax.

[nil desperandum] 31/1/2014 16:02

Alter Ego - Interesting ... could you name a specific holding and PID where this has happened so I can quote it at them please?

[alter ego] 31/1/2014 15:53

My experience of Selftrade is that they do reclaim tax automatically on other REITs I hold. Not held NRR long enough in an ISA to know if they do on this one too.

[nil desperandum] 31/1/2014 15:24

20% withholding tax of PIDs ... your provider needs to register to avoid if in a tax shelter. Selftrade doesn't so I have just this problem .... HL does.
At the very least you lose your 20% in the tax shelter (even if you claim back you won't be able to put it back in), and at worst you may not be able to reclaim ... I'm working on that one!

[alter ego] 31/1/2014 15:20

I think you will find that as NRR is a REIT, tax is deducted from the dividend but can be claimed back in a SIPP or ISA. My broker does this in an ISA without having to be asked but you need to check with yours.

[garbetklb] 31/1/2014 15:11

I hold NRR in my SIPP - does anyone know why I'm only receiving 80% of the stated dividend? ie dividend delared as 6p, but only paid as 4.8p.

Thanks in advance!

[orchestralis] 31/1/2014 09:40

If divi is 6p I, 10p F and 10p S, then 26p will yield me 12%. Happy Days

[shauney2] 30/1/2014 16:05

Payment tomorrow for the last dividend.Imagine a few will be rolling that into the special dividend in February.

[orchestralis] 06/1/2014 09:27

I bought in at 2.19 last year so yielding 7.3% on 16p divi. So happy with that and the capital increase is a bonus providing a margin of safety to my capital.

[shauney2] 06/1/2014 09:12

Midas


Also they go ex dividend this week for 6p.

[orchestralis] 06/1/2014 09:03

Did the MOS give any numbers?

[valustar1] 06/1/2014 08:54

Tipped in mail on sunday?

[orchestralis] 06/1/2014 08:52

nice rise this morning. the rise continues.

[ccraig69] 30/12/2013 14:41

Why unsustainable the rents still coming in for the long term. NAV is below share price. But I guess NAV is levered on property price. I would like to see more leverage.

[guernseymoney] 24/12/2013 11:01

Apols Alter Ego, I didn't mean it was oversold, far from it, I meant it's not worth the NAV. Appreciate the difference and have amended my post.

Latest accounts I saw (interims), the NAV was 220p, no idea why it's trading above 30% above NAV, particularly with all of the capital expenditure that needs to be spent by NRR retaining tenants or securing long leases.

Good yield yes, but unsustainable IMO.

[alter ego] 13/12/2013 22:28

The IC did have it as a hold on valuation grounds - I guess guernseymoney is misascribing the oversold label or doesn't know what it means.

[deadly] 13/12/2013 21:45

You must have the wrong thread?

[guernseymoney] 10/12/2013 07:51

Investor's Chronicle had a HOLD on it for valuation reasons. Will watch and see.