ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

NRR Newriver Reit Plc

72.30
0.00 (0.00%)
19 Jun 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 72.30 72.00 72.50 72.50 71.90 72.50 140,224 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -13.48 226.32M
Newriver Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker NRR. The last closing price for Newriver Reit was 72.30p. Over the last year, Newriver Reit shares have traded in a share price range of 67.70p to 92.00p.

Newriver Reit currently has 312,603,487 shares in issue. The market capitalisation of Newriver Reit is £226.32 million. Newriver Reit has a price to earnings ratio (PE ratio) of -13.48.

Newriver Reit Share Discussion Threads

Showing 1426 to 1445 of 4350 messages
Chat Pages: Latest  66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
25/6/2019
14:44
Good points @hpcg, and not sure I'd be closing INTU short!

@fenners66 - I'd be first to say "well done" if you'd made money short NRR, but perhaps you see it as avoiding a loss? However - nothing in what you've said above is particularly relevant thus far. Sure - NRR dropped a few percentage points of NAV last results - but the share price performance has very little to do with how the co is performing, and everything to do with stock sales and overhangs.

Personally, I think INTU, HMSO, CAL are heading for D4E if not outright destruction. Yet I hold loads of prop co's inc NRR - tho most are warehouse-biased.

Interesting to see that once again, Woody saved further losses by redemptions forcing him out - he shifted a load of NRR onto Barnett in the 240's in April, and saved c.£180m of IMB losses by having to sell out what was his most liquid position at the time.

spectoacc
25/6/2019
11:34
fenners - I would be more than happy to short any company, and was short DEBS several times and CLLN to the end. Just closed a short in INTU for example. This is maybe a short right now, but the downside is limited, perhaps 10%, up to 20% at most, and it will have to be closed in the market, which if people don't time the Woodford liquidity could end in something of a squeeze. When it is XD is certainly the right timing as one would want to close before the next XD.
hpcg
24/6/2019
16:46
Meanwhile.....

Woodford works his magic.

eeza
24/6/2019
10:14
Next is for poor people................What an arrogant little twerp you are
1fox1
24/6/2019
00:50
The cost of rent is less important since rent is only a small component of the costs in retail, what is more important is location and footfall.
zccax77
24/6/2019
00:05
It won't take much of a decline in rent for shops to be considerably more profitable than online platforms as Primark, Lidl and Aldi already are. With such an excess of supply it should be pretty quick to get there. Rents will continue to decline until excess capacity is removed. Thereafter an equilibrium should be maintainable, though upward only rent reviews will be a thing of the past.
hpcg
23/6/2019
21:12
The feel of 200s Italian woven fabric on the skin is something else. Shame the UK is no longer a leader after selling out to the Italians in the 80's.
zccax77
23/6/2019
21:11
"I like Next but I think there may be a bit of spin on that. 5% per annum for 15 years would put rents at about 45% of their current level. I mean it's possible but the economic retrenchment it implies would put Next out of business long before their landlords."

Exactly, that was my point. Certainly on the traditional retail side, I would expect that to be the case.

minerve 2
23/6/2019
21:07
I have no idea on their clothes quality. I am talking from my experience of their corporate governance and transparency point of view and their consideration towards shareholders.

Most clothes are made in the same sweatshops in the cheapest flavoured labour country that's in fashion.

I'm not a dandy. Pair a jeans and a T-shirt is all I need for the day.

minerve 2
23/6/2019
20:49
NXT, aweful quality clothes for poor people, one up from Primark. I personally prefer Hackett, the fabrics they use are alone worth paying for, stuff like Albini.
zccax77
23/6/2019
20:36
I haven't read that part of the report but I would disregard the comment completely.

For a start, nobody can forecast that far into the future with any certainty.

If, indeed it seemed true, then that would be an average. There are lots of things at play around average. I would say NRR is not your average landlord because sqft rents are already well below average.

The next question is about the hypocrisy in that statement if it were to apply. Rents falling by 5% a year for 15 years suggest quickly dying retail parks which suggests quickly depreciating foot-fall which asks the question why would Next be so nutty to be forever increasing its long-term lease obligations if indeed this was the case?

The answer is this is an average which probably will never apply to Next nor NRR.

It seems to be that they want to attract a positive vibe for their costs but to the astute observer their comment is somewhat contradictory.

Just on off-the-cuff comment because I haven't read the text and so might have mistaken the context.

Next are a well-run company, for sure.

minerve 2
23/6/2019
20:08
Have any of you read Next's annual report where they say they think rents will fall 5% per annum for 15 years, and they say retail parks are built on carp land. Seems crazy, surely retail parks are easy to reconfigure compared to shopping centres.
zccax77
23/6/2019
16:25
From Investopedia :-

The formula for FFO is:

FFO = Net Income + Depreciation + Amortization - Gains on Sales of Property.

FFO is not to be confused with a REIT's cash flow from operations,

FFO also subtracts any gains on sales of property because these types of sales are considered to be nonrecurring. REITs must pay out 90% of all taxable income in the form of dividends.


I put it to you that the first part of that formula is as susceptible to manipulation as any other accounting measure....

fenners66
23/6/2019
14:00
It is very difficult to manipulate cashflow unless you are B. Madoff, far easier to manipulate the accruals based income statement though.
zccax77
23/6/2019
13:48
I am sure there are ways of manipulating FFO especially in the nervous retail environment we are in now.
fenners66
23/6/2019
13:43
Look at INTU, they have suffered a write-down of £1.4bn, meaning they will have to makes profits of £1.4bn before any tax is due to HMRC. INTU and HMSO and to a lesser extent BLND and LAND will not be making any tax payments to HMRC for a while, it would make sense for them to retain cash in the business and start buybacks.
zccax77
23/6/2019
13:39
REIT's do not always have to distribute >90% FFO. Especially when they suffer massive devaluations and write-downs, the write-down means they will not have to pay tax until that deferred tax asset is recovered. I estimate that NRR will have write-downs at H2 due to yields moving out.
zccax77
23/6/2019
13:13
NRR is a REIT so they have to distribute > 90% of FFO. Really the dividend is irrelevant - we should be concentrating on the property valuations, rental yields, cost of debt, debt ratios and FFO.
hpcg
23/6/2019
12:53
hpcg - I agree divi is likely to be cut - furthermore I think that many companies have cut even further based upon their seeing the their low share prices as still offering a generous yield thus ignoring all their existing shareholders.

But that chart does not look good and suggests to me further falls yet too come.....

fenners66
23/6/2019
11:45
Well, Flyer61 - your VCT portfolio will be difficult to manage down - tax issues, wide spreads, small market sizes, new rules and only really one buyer (the VCT itself) - to mention but a few problems. Hope you haven't bought any recently. Interested to know what you are thinking of doing but it might be better to discuss it here: where there are some quite knowledgeable investors in VCTs. I am known as BusyBumbleBee over there.

There is no charge for joining the Lemon Fool.

I see no reason why NRR should cut their dividend by the way.

a0002577
Chat Pages: Latest  66  65  64  63  62  61  60  59  58  57  56  55  Older

Your Recent History

Delayed Upgrade Clock