Newriver Reit Share Discussion Threads

[finkie] 15/8/2019 15:40

They may need to cut but perhaps by 25% still a good double digit return.

[hpcg] 15/8/2019 15:36

15% in a zero interest rate environment would be substantial risk compensation. I'd expect any UK property to be lower down the risk curve than 100 year Argentine gov paper.

[propinv] 15/8/2019 13:47

Finkie - you are doing a different cal. Yo are doing yield off unsustainable dividend. I'm doing yield of underlying property, then adjust for debt. It's 85p

[finkie] 15/8/2019 13:14

15% yield would be around 140p for NRR

[propinv] 15/8/2019 13:03

100p is the magic number. Game is up. Market is valuing Trafford Centre at implied 8% yield then, like for like, this retail stuff must be 15%. That puts this on a NAV of about 85p

[hugepants] 15/8/2019 12:09

Yield now 14.5%. Id like to see directors buying at this level instead of selling

[rcturner2] 15/8/2019 07:11

As I said before on this thread, retail is tanking and has been for a long time, all the while we have had employment increasing and GDP rising. We are now moving to recession and what that will do for retail is anyone's guess. This is only the beginning.

[spectoacc] 15/8/2019 06:46

Lol @HP - indeed.

[hugepants] 14/8/2019 21:23

Yield is now over 13%. I was going to say alarm bells should be ringing but they've probably blown up by now. Half expecting this management to announce a dividend increase next quarter.

[hpcg] 14/8/2019 15:50

Without knowing the settlement presumably it could be a 50-50 split, which would necessarily mean 50% of available cash, 50% of housing equity, and for that matter 50% of shares and options in NRR. Divorce is the one director sale I can see as being excusable from a shareholder perspective.

[spectoacc] 14/8/2019 12:28

@EI - unless they divorced their spouses to marry each other. Just sayin'

[propinv] 14/8/2019 12:27

You are a CEO of £500m quoted co and you do not have £100k of available funds. Doesn't on the face of it give confidence that they are great at managing investments. That said, divorce can be horrible and so wouldn't wish it on anyone

[chucko1] 14/8/2019 12:23

My personal divorce rate is 100%. Things had to be sold or traded at sub-optimal values!!

[spectoacc] 14/8/2019 12:23

"42% over the course of their lifetime" for England & Wales. Average length of a marriage 30 years, allegedly, with the majority ending with the death of a spouse. Not quite sure what to make of that statistic!

Relevance to NRR - I agree that a director sell, even for divorce, is pretty bad. Remain a holder.

[hpcg] 14/8/2019 12:19

EI - is that true!? I thought divorces had plummeted since the seventies and eighties. Still a huge number then assuming your number is correct, and I have no reason to doubt.

[essentialinvestor] 14/8/2019 11:52

Most people are probably unaware of the divorce rate, or if you asked someone
to take a guess they might underestimate the number - 42% of all
marriages in England band Wales end in divorce.

For second marriage the divorce rate is a lot higher.

[ramellous] 14/8/2019 11:46

Maybe she spent a lot of time going shopping ?? 🤔

[chucko1] 14/8/2019 11:09

If it’s a 50/50 split of assets, he may have no choice. In theory, half the shares are hers and so value really doesn’t much come into it.

On a different tack, I wonder why the marriage didn’t last; perhaps he was too boring, which would actually be a positive for someone doing his job (for investors, at any rate).

[indalo] 14/8/2019 10:45

NRR appear to be extremely good value but it is very disappointing to see the CEO selling at these levels. His bank would surely offer a term loan at rates far below the NRR divi. He could even have used the shares as collateral. How he could dump shares at these levels if all that the directors are saying about the business is true is frankly beyond my comprehension. I would not sell £2.62 for £1.60. This is very poor form.

[fenners66] 14/8/2019 08:38

What was he doing ?!!

Getting married in the first place !

Clearly was never going to last...

[wildshot] 14/8/2019 08:34

Easy going folks, if it is part of a divorce settlement it is more likely a forced sale than a voluntary one. Don't be so harsh on the guy.

[purplepelmets] 14/8/2019 07:32

At the moment, this share needs director sales like a hole in the head.

[spectoacc] 14/8/2019 07:29

"Finally some director dealing", I thought..

"14 August 2019

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial responsibilities and persons closely associated

The Company announces that it was notified on 13 August 2019 of the following transactions by Allan Lockhart, Chief Executive Officer:

-- The sale of 75,000 shares in order to fulfil a personal financial commitment forming part of a divorce settlement.

-- The exercise of 42,470 nil cost share options which were granted on 14 July 2017 under the NewRiver REIT plc Deferred Bonus Plan 2016. 20,032 shares were sold in order to cover the associated tax liability. Allan has retained the balance of 22,438 shares."