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NRR Newriver Reit Plc

-0.40 (-0.56%)
13 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
  -0.40 -0.56% 71.40 71.20 71.70 72.50 71.30 71.50 689,472 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -13.33 223.82M
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 71.80p. 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 £223.82 million. Newriver Reit has a price to earnings ratio (PE ratio) of -13.33.

Newriver Reit Share Discussion Threads

Showing 3751 to 3774 of 4350 messages
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Fenners66, nice of you to assume the position of town crier. But the extent to which all the noise is in the share price is really the issue of substance. Do you have anything to offer on that?

PE interest in Marstons with a return of its share price to 85% of pre-covid levels (up 4x since March, in fact) bodes reasonably for NRR (or at least 25% of its estate) whose share price is firm today.

NRR as much, if not more, a play on absolute property values and development partnership than covid impact from here. Nevertheless, recent vaccine news pretty reasonable.

"The retail sector’s turmoil worsened over the past three months as figures from the BRC-LDC vacancy monitor showed 13.7 per cent of all shops were empty during the last quarter of 2020, a rise of 0.5 percentage points on the previous three months."

No surprise, expect it will get worse , Debenhams closing another 116 etc.

More supply has to effect rental renewals sooner or later even if they were not tenants.

Can’t help myself topping up more if these stay at similar prices tomorrow. If this isn’t above a quid within 6 months I’ll eat my hat.
Lots of these shopping centres with Debenhams down the tubes will be redeveloped into residential apartments, leisure, restaurants etc.. Once COVID is out the way it will come back IMO. NRR are ideally positioned to benefit, just need to watch the accounts closely vs government's complete mess of handling this virus.
minerve 2
When did NRR say they were going to run out of cash, pubs or otherwise?

If others have or will then there's a great opportunity to buy distressed property at cut down rate and run it well instead.

Fenners is just a troll now, Debenhams had been a basket case for so long I was in short trousers the last time they were successful. This is hardly a story.

"Fashion retailer Boohoo has bought the Debenhams brand and website for £55m.

However, it will not take on any of the firm's remaining 118 High Street stores or its workforce. "

So another 118 possibly anchor stores are closing.
There are some of these that are on retail parks not just old style high streets.

I have been arguing that there is serious decline in retail for years on here.
Taking Debs online only is clearly showing where retail is going.
Sure Covid has accelerated this but since this was the argument before covid its not the reason.

Whilst I salute those that bought these lower and are sitting on a healthy profit - well done, I cannot see the long term future since it has to be that rents across retail have to fall.

Couple that with the lockdown effect on pubs and some chains warning they may run out of cash...

It's political, hence the idea that despite vaccinating people they can still get it so lockdown has to continue. They've stick their heads so far up... well, that they can no longer see anything other than lockdown forever.

It'll change, when the CRG in the Tory party threatens to stop supporting them, the ministers will start to override the "scientists" (who appear to be more interested in left wing social control than science)(Ferguson of never-knowingly-accurate included)

Agree with you on pubs.. although rather than listening to the scientists this government seems to be run by them.

Already talk of lockdown till summer!(?)! You don't expect an epidemiologist to know the overall impact outside of the disease itself, which is why they shouldn't be making overall decisions. Madness.

Worth noting the reaffirmation of the Senior Unesecured rating at BBB+ stable.

The convenience stores will take care of themselves but the pubs need to reopen for the summer and beyond to take this to the next stage (which I see at 100p+). I still see 120p upwards as perfectly reasonable given the last few updates.

A 50% return for the now known risks seems a decent place to be.

You would have thought so.
Will be interesting to see if its the development in SE London or part of it - from a cashflow going forward perspective.

Has to be some of the better ones unfortunately if they are going under offer as there are plenty out there that have no takers even at very low values. Hard to gauge a fair NAV in 2021 until clarity given on whats left on the asset side.

There must be some chunky bits of property sold to make up the £95.2m. I guess on completion a rns must be issued given the sizes involved.
The disposals are slow but was surprised to see that £95.2m is now under offer. Slightly disappointing that the discount to March values has risen from 3% on £65.7m to 6% on £157.4m but that is a sign of the times.

Hard to guess the divi but could be 4-6p and hopefully a definitive policy is laid down for the immediate future even if the first three quarters are on the low side with the final payment being a catch up one.

Update today

Retail rental collection at 70% but say this will improve and Q3 has moved from 72% to 82% in 3mths.

Say disposals will be ahead of plan but they've only completed on another 3m since the Q3 update despite they said then they have 8m they had exchanged on so its not a quick process but at least there is a market out there.

No mention on dividend policy but assuming 80% NRI at the cash level should leave a cash surplus for a 4-5p divi imo.

Slowly sneaking higher again. We are due the Q3 update anytime now. Not expecting any fireworks from looking in the rear view mirror, but hopefully the market will be anticipating better times ahead. Still hoping for a small final dividend when the annual results are announced.
lord gnome
Slightly better news that Marstons has stepped in to take over the chain of Brains pubs. Will be interesting to see the terms though as if brutal could be signs of things to come for other pubs. But at least there is some optimism in pubs.

Covid: Marston's to run Brains pubs, saving 1,300 jobs

Less with the Boomer, daffy :-))
lord gnome
If you care to read the article and a fraction of the bibliography, then you'll see there are too many big words for FB
I actually have no idea now, given the volatility of the Tier system and what that allows. But much of NRR's portfolio is essential retail, as opposed to clothing and such-like, so the effect should be muted. It could mean that the improvement to scenario 2 is stalled and they remain in scenario 2.5 - which would impact the ability to pay the dividend they now seem to have in mind. Or at least reduce it.

My own view is that April to June has been the target for full(ish) reopening of pubs as summer approaches and vaccine distribution strangles the then diminishing rate of virus transmission. But I see a terrible January and Feb, and I did worry that we would see a frantic sell-off in buses, trains, planes and leisure as the virus let rip once again, especially after the near 100% rise in some of these stocks. However, I also believe that their pubs, overall, will prove far more resilient than expected - in that their tenants will continue to pay rent.

In the big scheme of things, I am assuming that the recovery has been put back by 3 months, but that they remain cash generative in the meantime and so the long term is the only term for battered, but essentially fine, stocks like NRR.

Interesting to note that at the time of writing, the DOW has recovered all its lost 450 points. This morning an overreaction?

chucko1, although the mass availability of vaccines still in sight, the current situation still looks dismal. Seems the pub business of Newriver has been closed for a longer time. Do you have any idea how many % of the Newriver retail is classified as "essential", i.e. still opening for business even in this environment? thanks
If only there were some in government policy making like you 😀
PS. Now just bought back half of what I sold!! One just never knows, day to day, but that does not excuse panicking as we just saw this morning. So in protest, I have decided to anti-panic.
I do still hold that view. I wrote the previous post prior to the late 3-5p drop, so I am not sure I can say I was too surprised.

I've sold a few (not many) in the 80s - but only because it rose so fast it overtook other REITs I feel are almost as good a long term bet at their own current prices (adjusted for my own portfolio risk).

I do not believe a further 3 months of pain is really material at this stage, although it may be for certain investors tolerance. These are two entirely separate things and may give rise to opportunities for the patient.

My sense is that Oxford will announce late December and that the virus mutation is not significant from an effectiveness perspective. In terms of some businesses and the NHS and politics, the short term cold be brutal as the behaviour of the population nears or exceeds its elastic limit.

Do you still hold that view Chucko..The latest news might be a blip or a giving up of recent rapid concerns are that future virus mutations occur which render the current vaccines ineffective..that would change everything ...hope that doesn't occur..
candid investor
NRR appears to be obeying a popular hedge fund maxim: you know when an asset has reached its low because no further bad news has any downward impact on its price. The news has not really been tremendous recently, but it keeps crunching higher.

Do I feel sorry for the fund which sold a load at 46p? - no, I am merely content to have bought a few from them. It has travelled 60% back to my principle target of 120p, but I am not sure the rest of the journey is completed nearly as rapidly as the first part. 45% discount to NAV with some dividend expectations baked in is a more reasonable value now.

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