Newriver Reit Share Discussion Threads

[bdbd11] 20/12/2024 15:09

31.2p per CAL share. Mine arrived at the end of play yesterday with II.

[jpatara3] 20/12/2024 14:31

I received NRR shares but no money! I have emailed and called IG but no response. How much cash should we receive per 1 CAL share?

[tiltonboy] 19/12/2024 15:45

My CAL money came in today

[bdbd11] 19/12/2024 15:38

Bought a few more at 72.77. Seems cheap. Hoping to use the cash from my CAl holding. Anyone know off hand when the cash is being paid? thanks

[tiltonboy] 19/12/2024 15:29

I re-invested my CAL money today

[eekhoorn] 19/12/2024 15:15

Ex div today takes 3p off the share price

[lord gnome] 19/12/2024 15:11

Clearly the market doesn't agree. Bad day for the market, terrible day for NRR. Anyone know why?

[gbjbaanb] 17/12/2024 09:22

Simply wall st says the results show its undervalued. They put a fair value of £1.21

[dartboard1] 13/12/2024 16:16

Anyone see this in the related party note that Allan Lockhart's getting it on with one of the partners at CMS their legal advisors. Who they paid £700,000 in 2024.Wonder if he's getting a discount or paying a premium on legal fees... not sure if I'm for or against this ... lol

[marksp2011] 13/12/2024 13:34

Anyone got access to this?

PANMURE LIBERUM: NewRiver: Undervalued and providing sector leading returns

[grahamburn] 12/12/2024 13:03

Not too sure that the criticism earlier this morning on here of the (apparent) reduction in the dividend is entirely valid - see following paragraph:

"UFFO for the six months ended 30 September 2024 was £11.5 million, a decrease from the £12.3 million for the six months ended 30 September 2023, primarily due to the impact of £41 million of disposals in the last 18 months and the final Covid related income disruption insurance settlement received in the first half of the prior year. During the period we paid a final dividend relating to the second half of FY24 of 3.2 pence per share, representing an 85% payout of second half UFFO per share, compared to 80% per our dividend policy. We made the decision to top up the dividend during FY24 by paying out 100% of the interest income we received on the majority of our cash holdings so that our shareholders received benefit as we waited to deploy. Having now deployed, predominantly into the acquisition of Capital & Regional, the Board is pleased to declare a fully covered dividend of 3.0 pence per share relating to the first half of the new financial year, reflecting 80% of first half UFFO in-line with our dividend policy. The dividend is payable on 28 January 2025 and goes ex-dividend on 19 December 2024."

[mindthestash] 12/12/2024 09:48

OK _ a little more worrying is
FROM PAGE 1 HALFWAY DOWN

Proforma LTV of c.42%2 (NO DATE ENTERED HERE)vs 30.8%3 at 31 March 2024 (21.6%3 at 30 September 2024); modest asset disposals
of c.£30m required to reduce proforma LTV to within Company guidance of <40%
● Proforma cash of c.£70m2 vs £133.2m3 at 31 March 2024 (£184.8m3 at 30 September 2024)
● Proforma Interest Cover Ratio of c.4.9x2 vs 6.5x3 at 31 March 2024 (7.4x3 at 30 September 2024)
● Proforma Net debt to EBITDA of c.6.0x
2 vs 4.8x
3 at 31 March 2024 (3.5x3 at 30 September 2024)

is the first sentEnce a typo|||||||||||? should it be 21.6% at 30th sept 2023?
lets hope the disposals are soon

THATS BEFORE THE AQUISITION?

[marksp2011] 12/12/2024 09:40

To be completely fair, the takeover didn't complete in the period so the numbers are a bit meaningless. However i really don't like the sea of words that say one thing and a lot of numbers that say something quite different.

maybe this needs to be a managed REIT and we get rid of the incumbent management team. this is a real gravy train for the insiders and a loser for the shareholders

[mindthestash] 12/12/2024 09:38

Interesting to see what the it looks like when you overlay the acquisition.
However promises of cost synergies is easily said and usually poorly delivered.
recent managment group acquisition appears to have increase fees by 2.2m but overall operational costs up by 16.m to 7.6m = 25% increase

not looking good and i suspect a drift downward in the market.

ill have some bedtime reading on the overlay - i;ll ignore the 'promises' and see what it looks like then.

regen centres appear stuck - Gray hopeful of a planning next year - labours social housing tarriff may bite a chunk out of this on sale thereafter

burgess hill looks like they fancy doing it directly?

[wshak] 12/12/2024 09:32

They said that the acquisition would result in a material dividend uplift when they proposed it.

"· Combination expected to unlock substantial cost synergies and deliver significant earnings accretion: NewRiver sees, inter alia, the opportunity to unlock substantial cost synergies, including the elimination of duplicative operational and public listing costs. NewRiver also anticipates income growth opportunities through active asset management. NewRiver expects the combination with Capital & Regional to deliver significant earnings accretion, enabling the Combined Group to pay a materially higher, covered dividend"

[bdbd11] 12/12/2024 08:19

I wonder if I'll live to see the day when the nav per share actually goes up.

[marksp2011] 12/12/2024 07:58

So underperformed the index and cut the dividend. Transformational indeed. The only constant will be a boost to Lockharts pay and free options.

[nickrl] 16/11/2024 06:58

Dragged down with rest and with and retail going to be impacted by Reeves stupidity on lowering NI threshold

[tiltonboy] 14/11/2024 14:50

Its not a top 10 tenant

[marksp2011] 14/11/2024 13:10

Homebase collapse?

[lord gnome] 14/11/2024 12:59

3p down today currently. That's a big move for NRR. Persistent bot selling programme is taking it down. Why now, I wonder?

[nickrl] 20/9/2024 08:48

Am very hacked off over the retail offering but for once a big capital raise has actually improved the share price so have to call it evens

[bdbd11] 19/9/2024 17:14

The Directors & co chucking in nearly a collective £400k in the placing is a very good sign. I too was slightly disappointed at the lightning fast retail offer. I only had £900 to spare, but even that seems to have been scaled back to £800 worth. Regardless, as a Cal holder i'll get some more. Nrr is my largest holding, but i'll still be holding for some time. The deal looks good and against a backdrop of lower interest rates I can see this hitting £1 again over the next 18 months. There may be a buying opportunity on the way if CAL holders cash in, possibly back to the 70's for a short while. Good luck all.