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 default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

NRR Newriver Reit Plc

73.00
0.70 (0.97%)
19 Apr 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
  0.70 0.97% 73.00 73.00 73.70 73.20 71.30 73.00 322,707 16:29:39
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -13.59 228.2M
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 71.00p to 92.00p.

Newriver Reit currently has 312,603,487 shares in issue. The market capitalisation of Newriver Reit is £228.20 million. Newriver Reit has a price to earnings ratio (PE ratio) of -13.59.

Newriver Reit Share Discussion Threads

Showing 4301 to 4324 of 4325 messages
Chat Pages: 173  172  171  170  169  168  167  166  165  164  163  162  Older
DateSubjectAuthorDiscuss
19/2/2024
14:44
Last update looked pretty good across key metrics - new leasing, occupancy, rent collection, etc. Debt position also looking secure now and dividend well covered. The JV sale was announced 6 months ago so old news - was slightly below book value but generated good profit overall.
riverman77
19/2/2024
12:07
Just come back to read the thread for the first time in a month or more , not much discussion going on though.

Happy with my take on them , post results , burying bad news and no one has said why they sold a profitable JV at a loss.

Share price has declined about 12% since then - we shall see where it goes from here , but my take on the spin given is the directors do not have a real , positive, message just trying to hide the bad.

fenners66
14/2/2024
08:59
Farringdon management 3.83 -> 2.19%
nickrl
16/1/2024
22:43
RNS on holding change has FIL Limited doubling up from 5% to 10% so guessing someone else has unloaded
nickrl
07/12/2023
16:27
Down 6% feels like a bit more than the XD effect. Perhaps the CEOs nice little earners are hard to swallow for some shareholders
mindthestash
25/11/2023
11:08
i would say cash has a longer duration forever until spent.
RCF duration until expiry

bisiboy
23/11/2023
17:36
Having cash and having a RCF are two very different things. One has a duration of one day (cash) and the other a duration of whatever is remaining. The value lies in the optionality of use of funds, and in the current market, one either believes in the ability of management to make clever calls on the timing of and specifics of a (some) purchase(s) - or, if one does not have confidence in the management, just do not go anywhere near. Fenner, your constant bleating about it is both repetitive and pompous.

On the issue of P&L, this is nonsense. A lot of ITs have "Alternative Financial Measurements" which are basically at the bottom of 80 page reports. They are both one of the most useful things they publish (pretty well) and in a lot of cases, the most supportive. As the Chairman of Berkshire Hathaway says, read a report from the bottom up!

I have to say that bumping into the P&L with the reported loss took all of 15 seconds. Not that I care as I have repeatedly argued that NAV (absent stress) is for neanderthals. As is becoming more widely (and belatedly) accepted by even the average UK REIT investor (and has been a given for 100% of US investors since a year or two following the Civil War).

I hope I was as clear as you would wish.

chucko1
23/11/2023
12:16
I get the mark to market - but their disposals have been at a loss.

I have not read (my fault) but maybe some have , why did they dispose of the profitable JV at a loss?
As mentioned by someone else they already have cash on the balance sheet.

fenners66
23/11/2023
12:14
Lockhart is master of spin mind you. Can't see the logic of having such a big RCF (usually comes with a commitment fee) when they have so much cash on hand for what as they are planning more disposals. At least they are getting a few quid on it unlike the idiots at EPIC.

By the way @fenners AEWU didn't even have a P&L in their RNS yesterday said see website but it wasn't on their website at open and still not there at 1000. It is now. SREI did same day before but at least gave a hyperlink to website and had it uploaded for opening.

This one is treading water and disposals are just eroding NRI further now using cash to top up divi which im fine with short term but whats the plan. Im not a buyback fan but perhaps this is best use of at least half the cash now.

Didnt have time to watch presentation so will do a deeper dive over weekend.

nickrl
23/11/2023
11:35
The issue with P&L when there is a big mark to market component is that you can get some wild swings in the numbers
Oilers are famous for this as they book "profits" and "losses" on hedging contracts that are neither profits nor losses - just accounting entries

marksp2011
23/11/2023
11:15
I like to look at how the directors are remunerated given the performance and there is no note on the press release version of the accounts.
Instead the full year actual accounts have a remuneration report which includes ...

"Executive Directors and determined that the
salaries should be increased by 3%. This increase was materially
below the average workforce increase "(5%) "and also recognised that the
CEO's salary had not increased for several years"

Bless not had an increase for several years ....I am almost in tears....

Directors Rem
Allan 2023 - £1,295,657 2022 £ 984,462
Will 2023 - £ 674,918 2022 £399,453

That's the kind of not increased salary I would like too.....

fenners66
23/11/2023
10:55
Lord Gnome - so I just looked at the results a bit more.

"Operating" profit is trending down 20m last first half , 14.6m last second half , 14.3 this first half.

Now disposed of joint venture (at a loss?!) which contributed 0.5m in the short period this year - why disposed of?

So they need to find something new as that trend continues perhaps....

As for ignoring the "adjustments" losses on disposals - I get it its not the underlying business...
but its now £49m in 18 months

Its like us saying we are incredible investors because we are collecting 29.6k in dividends whilst writing off 49k in stock losses , surely the point is to make money on both ?

fenners66
23/11/2023
10:29
Why would I look at the P&L instead of reading the force fed spin at the top that the Directors want us too?
Same reason I look at every P&L rather than the positive view - it shows what they don't want you to see a lot
of the time.
Page 28
But the reconciliation of loss to UFFO was highlighted at page 16

Funny how they again wanted to concentrate on that before they got to the P&L

Its like asking a child if they have done something and them giving you the all around the houses explanation of
how it wasn't their fault etc before they actually answer...

Even the balance sheet features at p19.

It's not a beef with the results per se - its a beef with the trend at presentation - not just here but a lot of companies - here's the good news , we did fantastic with this, we did great with that , everything gives the impression of being fine , until you get to the P&L and see the losses....

I guess they believe a lot of their audience has not got the attention span to read past what they want us to read - and I am as guilty as the next person at not reading through say an insurance company or banks set of accounts - but I do go to the P&L no matter how far down they hide it.

fenners66
23/11/2023
08:33
Why you looking at a pnl on a reit... and it's exactly where it usually is in a set of accounts. And they also state the loss on the front page. Whats your beef
dartboard1
23/11/2023
07:54
That’s a bit harsh fenners66. The operational position is better than it has been since I first invested here and the company is in a good place. The loss of £2.6 millions is accounted for by negative property revaluations common to every REIT that there is - a situation that has now bottomed out IMHO and should start to correct as interest rates start to come down again next year. The property valuation adjustment was £11.6 millions and it was this that caused the accounting loss. Perhaps it could have been made clearer and given more prominence in the statement.
All in all, at first reading, this is a very positive set of numbers and a very positive statement. Happy to hold.

lord gnome
23/11/2023
07:24
I always get suspicious when I open a set of results and I cannot find a P&L account without scrolling down an awful long way !

So by the time I found it I was expecting a loss - despite all the positive spin that was added to the start of the RNS.

They must think that if they bury the P&L no one will be bothered to look at it.

So a Loss then.....

fenners66
22/11/2023
14:25
Well, results tomorrow and I think we are going to see Corp Action
by the end of next week.

They have a bucket load of cash, (£111M at Full year) long term debt yet, they want an RCF too

Something is happening.

marksp2011
18/11/2023
09:40
The RCF had nil drawings against at FY23 so you have to wonder why they want such a large facility anyhow especially as it will no doubt be attracting a commitment fee of c 0.7%.
nickrl
17/11/2023
21:34
Listening to the British land presentation ... they seem to be quite bullish on the retail parks area of their portfolio ... good place to be in the current market I think
dartboard1
17/11/2023
16:08
Sadly we're getting used to this sort of ignorance from boards. of all people you'd think and FD might cough up the pertinent figures which he's surely already done for colleagues/board. However it seems i;m just an old crusty as the share price is heading north with the REIT herd despite falls in retail sales and regulatory announcements written in cuddly sound-bites of positivity.............

moan over.

mindthestash
17/11/2023
15:25
The media didn't seem to know this exists, any article I found about reits talks of a handful of popular ones and this is not in that list!
gbjbaanb
16/11/2023
08:25
Very quiet on here recently.

I read today's RNS as very positive. In an era of high interest rates, they say that they have managed to refinance the RCF at lower cost. 'Headline margin' reduced. Unfortunately it doesn't say from what or to what, so we are left guessing.
My best guess is that it has been reduced from extortionate to eye-watering. Whatever, progress is being made. The market seems unimpressed, but no surprise there.

lord gnome
14/8/2023
12:51
Let's hope Lockhart isn't getting a bonus based on deposited cash
marksp2011
11/8/2023
18:13
CAL yesterday identified that rent exposure to Wilko was 0.65m in addition if stores got vacated they would also be in for another 0.9m additional store costs. Just used as an example that its not only the rent loss that has to be taken into consideration. That said BM and the supermarket discounters could be interested in many of the sites potnetially.
nickrl
Chat Pages: 173  172  171  170  169  168  167  166  165  164  163  162  Older

Your Recent History

Delayed Upgrade Clock