Newriver Reit Share Discussion Threads

[salchow] 15/6/2017 08:38

Recent property shares (eg Watkin Jones and Tritax) have dropped back on a placing and then rapidly recovered when it was out of the way. Hopefully, this will be the same.

[davr0s] 15/6/2017 08:16

Suppose it's only the last two weeks gains gone!

[davr0s] 15/6/2017 08:10

I'm sure this is done in the best interests of the company but it does nark me when a dividend oriented share raises money at a discount equivalent to more than an annual years interest so all this years progress wiped out in an instant. What's the point of holding this for income when they are willing to do this ?! I'll probably get what I can in the offer and then I'll be selling into any strength and moving on

[bscuit] 17/5/2017 16:43

Now understood as cost of construction of new units-- See Telegraph today.

[ccraig69] 16/5/2017 21:48

the price of the property they have went down

[bscuit] 16/5/2017 19:10

Given it's a property REIT " IFRS profit after tax of GBP36.2 million (FY16: GBP69.4 million) with decrease due mainly to non-cash reduction in portfolio valuation;"-- what does this mean?

[killing_time] 16/5/2017 18:58

That's very nice of them. :-)

[speedsgh] 16/5/2017 16:26

Final Results -

David Lockhart, Chief Executive commented: "Our convenience-led, community-focused retail and leisure portfolio has proved well-positioned, despite the prevailing macro-economic uncertainty in the UK, and we have continued to deliver growing and sustainable cash returns to our shareholders. We have increased our full year ordinary dividend by over 8% to 20 pence per share, and today we have announced an additional 3 pence special dividend linked to our retail warehouse acquisition in Sheffield, meaning our fully covered dividend has increased by 24% in total.

Looking ahead, we believe that with our convenience and community focus, affordable rents, active approach to asset management and in-built risk-controlled development pipeline we are well-placed to continue to deliver growing and sustainable cash returns to our shareholders. Reflecting the confidence we have in the strength of our underlying business, we have today announced that the ordinary dividend for the first quarter of the new financial year will increase by 5% to 5.25 pence per share."

[boonboon] 16/5/2017 07:54

A little bonus of a 3p special dividend.

[bach64] 20/4/2017 20:51

Debenhams and Marks and Spencer closures also perhaps having an impact

[davr0s] 20/4/2017 18:48

5p was xd, and the rest I guess are people selling after it went xd so fairly relaxed about it

[gswredland] 20/4/2017 17:16

Why the fall?

[gswredland] 20/4/2017 17:16

Why the fall?

[gorilla36] 13/4/2017 11:46

Breakout !!!

[gorilla36] 07/4/2017 15:20

The Monkster - Because?

[gorilla36] 07/4/2017 10:45

Will it finally get through £3.40 and push onward?

[gorilla36] 15/2/2017 10:31

gucci - Hope so! It would be nice to break past that 345 double top and push on. In the meantime collecting those nice divi's though!

[gucci] 15/2/2017 09:14

Sharp move up today - heading to break out at 345?????

[minerve] 18/1/2017 11:51

With respect to the rates, from today's statement:

"Draft rateable values across the retail portfolio in Scotland reduced by 13%; with a previously announced decrease of more than 20% across England & Wales means a 19% reduction across over 90% of the retail portfolio, benefiting retailers greatly and reducing cost ratios further "

[jaws6] 17/11/2016 13:40

seen note with 355 target plus

We completed our move from AIM to a Premium Listing on the Main Market in August marking a significant milestone for NewRiver, only seven years following our GBP25 million IPO. We are excited to have entered the next ambitious phase in the Company's development, and we currently meet the requirements for inclusion in the FTSE All Share and EPRA indices in December 2016.

[minerve] 17/11/2016 13:16

Yes, the rate change is very polarizing and it, as far as I understand, is negative for BT and is going to add significantly to their cost base.

[joan of arc] 17/11/2016 13:11

This will help them retain their rental income. The situation in the South East is the complete opposite. I had thought they were more exposed to the latter risk rather than the former benefit. So it's a plus.

[minerve] 17/11/2016 11:52

Thoughts anyone?

This is a valid point and overlooked IMO

"-- Ahead of 2017 rates revaluation, draft rateable values across the portfolio in England & Wales will fall by more than 20% benefitting retailers greatly and reducing cost ratios further "

[boonboon] 04/11/2016 07:43

Planning permission granted for a new retail park in Canvey Island.