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 alerts Register for real-time alerts, custom portfolio, and market movers

NRR Newriver Reit Plc

79.70
0.80 (1.01%)
Last Updated: 13:54:42
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
  0.80 1.01% 79.70 79.60 79.70 79.70 77.20 77.20 283,965 13:54:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -14.75 246.64M
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 78.90p. Over the last year, Newriver Reit shares have traded in a share price range of 67.70p to 88.40p.

Newriver Reit currently has 312,603,487 shares in issue. The market capitalisation of Newriver Reit is £246.64 million. Newriver Reit has a price to earnings ratio (PE ratio) of -14.75.

Newriver Reit Share Discussion Threads

Showing 3526 to 3549 of 4350 messages
Chat Pages: Latest  150  149  148  147  146  145  144  143  142  141  140  139  Older
DateSubjectAuthorDiscuss
30/9/2020
18:29
EI shame some of it doesn't rub off onto EPIC!!
nickrl
30/9/2020
17:59
Got to admire some of the consistent optimism here!.

Well let retail parks are finding buyers currently.

They may be the sector surprise asset class of the next 3/4 years,
if you can avoid lower quality parks.

essentialinvestor
30/9/2020
17:33
They bought for £40m back in only December.

Sold for a 100% value of £38.56m.Will be costs involved as well. CV19 in between.

Not ideal, but doesn't quite translate into a devastating impact in asset value which is priced into the share price. Assuming of course the rest would get a cash value of similar in an open market.

dhoult12
30/9/2020
17:29
Not at a share price of 75% discount. Sod the income, the capital accretion smashes it.

In principle, I agree with you but the maths here is compelling.

chucko1
30/9/2020
17:25
Ideally you want to be invested in the fund cleaning up all these cheap assets (pimco) not offloading your best ones to stay liquid
dartboard1
30/9/2020
17:22
Which is why I was explicit about the property portfolio. I'm not saying the transaction is not a good idea, but that is relatively high quality revenue sold. It reminds me of businesses that perpetually sell off their growth areas to support their badly performing core when it would be better to do the opposite.
hpcg
30/9/2020
17:06
Cash is Aaa.
chucko1
30/9/2020
17:04
Lost money on it in a year and to analogue the property portfolio in debt terms it is now a bit more CCC and a bit less B.
hpcg
30/9/2020
17:01
I ought to have said, it never ended up getting valued at a negative sum because the dimwits woke up, smelled some coffee and bought the stock gradually over the next 3 years, multiplying the low price by 4.5x.
chucko1
30/9/2020
16:57
Liquidity first. And second. To get within 5% of previous valuation is good, of course, even though a good asset.

Do that enough times and you then get part of the portfolio valued effectively at a negative sum. Happened to GPE LN in the 2008/9 debacle. All sorts of people told me to avoid - oooooh, you shouldn’t touch that - what with Wagamama in financial trouble and other such things. The key was the mathematics behind the finance and the ability to sell assets at 75% of
Book to resolve issues with the commitments/realisations deficit.

Watch this space.

chucko1
30/9/2020
16:36
You are right, needs must I guess but still a shame
irishmatt
30/9/2020
16:33
That LTV does need addressing tho, and they've kept 10% of it, and they've got the management fee based on total gross rental. But fair points.
spectoacc
30/9/2020
16:30
Its a decent price but its probably one of their best assets. I know it well. It's always busy and I think they just bought it last year.
hugepants
30/9/2020
16:30
Would have preferred they kept it, B&M just gone in as tenant and it's a very busy retail park so solid income coming in. 9% yield seems on cheap side to me (but then what do I know)
irishmatt
30/9/2020
16:11
Think this is pretty good in the circumstances:


"NewRiver is pleased to announce the disposal of 90% of its interest in Sprucefield Retail Park, Lisburn, to its joint venture partner BRAVO Strategies III LLC ("BRAVO") for gross proceeds of £34.7 million, reflecting a net initial yield of 9.0% and a 5% discount to its March 2020 valuation. This transaction increases the Company's total completed disposals so far in FY21 to £50.4 million. On a pro-forma basis, these disposals improve the Company's 31 March 2020 LTV of 47.1% by 210 bps, before factoring in valuation and cash movements since year end.



NewRiver will retain a 10% interest in the asset (NewRiver share: £3.9 million), and will benefit from 10% of the net rental income (NewRiver share: £0.4 million per annum). NewRiver has also been appointed as asset manager, in return for a management fee calculated by reference to the gross rental income of the asset, and will receive a promote based on financial performance."

spectoacc
30/9/2020
13:27
Chicken lickin'? More like a giant turkey. Barely seen the start of unemployment, a govnt who can't help themselves with lockdowns, pain deferred via grotesque spending, anc tax rises sure to come.
spectoacc
30/9/2020
13:21
100% you will. But a matter of time...whether that is months, or maybe years.
diggybee
30/9/2020
13:18
Interesting views from Haldane i tend to agree. Whether we can come out of collective despair we will see..
dhoult12
29/9/2020
21:52
Vow as i said on EPIC thread happy to own any REIT with B&M on the rent roll. Many will have no choice but shop at the discounters only risk is whether they can still import cost effectively but thats for another thread.
nickrl
29/9/2020
15:26
At least their biggest tenant is going all guns.

B&M discount chain to open up to 45 stores

vow
28/9/2020
21:12
The provosts ..I hadn't realised that my proposition had already taken place elsewhere and had the desired results so quickly ...we are both agreed about the wisdom of a share buy back..although a nice movement today without one
I wish I could understand level 2 transactions, debeege has brought them up too and in particular the games that are being played . Lots of positives when you think about it ..the pubs have remained open as have all the retail outlets...it looks like the 10pm curfew might be extended to 11pm.and noone is in favour of a full lockdown ..the strategy seems to be more geared to finding a safer way to live with it.

candid investor
28/9/2020
21:02
Dhoult..no worries, we have all written things clumsily which is easy to misinterpret by the reader. .I can understand where you are coming from now
candid investor
28/9/2020
17:57
Pizza Hut have negotiated reduced rents with all their landlords. Those that refused they have decided to close.

Rent negotiations are done on a rolling 5 year basis so this will continue to drive down rents for the short to medium term.

vow
28/9/2020
17:18
The Caesars or alternative party takeover of Billy H will be another source of empty property. New owners won't have any attachment to loss making shops and we'll see the estate gradually whittled down. It doesn't have to be a direct hit to NRR, simply another source of negotiating power to the potential renter.
hpcg
Chat Pages: Latest  150  149  148  147  146  145  144  143  142  141  140  139  Older

Your Recent History

Delayed Upgrade Clock