Newriver Reit Share Discussion Threads

[lord gnome] 16/3/2021 12:36:15

In demand again today. Who's buying?

[lord gnome] 01/3/2021 10:27:43

Looking perky this morning ahead of Wednesday's budget. The market must be taking a bet that Richi has plans to help the High Street in addition to the leaked support for small businesses. Whatever, the recovery has a long way to run and so does NRR.

[dhoult12] 28/2/2021 22:56:47

Look for confirmation of a full reform of biz rates on Wednesday. If aim is to share the burden with online then that's a massive positive change for this.

[paulof2] 28/2/2021 22:35:30

Grants for hospitality and shops should further alleviate some concerns that there will be a max exodus of tenants.

Has to be positive

[diggybee] 24/2/2021 10:10:51

Invesco not investors.

[diggybee] 24/2/2021 10:10:18

I would imagine that isn't a bolt from the blue to anyone really, and this very amply reflected in the price. Plus of course you had wood Ford and investors exacerbating the drop. I reckon we are now at the very bottom of a fair range 1-1.50.

[fenners66] 24/2/2021 08:30:55

From Lloyds Bank assumptions 1st qtr 2020 through 2021 by qtr

Commercial real estate
price growth % (5.0) (7.8) (7.8) (7.0) (6.1) (2.9) (2.2) (1.7)

Assumption is negative each qtr.

[paulof2] 23/2/2021 19:34:04

Nice to finally see some momentum here and rightly so, has been stupidly undervalued for some time

[gbjbaanb] 23/2/2021 16:49:07

Who cares. Another clothing chain goes bust, That happened every week before the coof. Meanwhile shops and shoppers will be eagerly waiting the end of lockdown to get out again like they did last year.

[chucko1] 23/2/2021 16:49:06

Some people avoid risk and hypothesise - but like you, I'm attempting to make a lot out of this. It has not been easy but I see dawn.

[theprovosts] 23/2/2021 16:29:14

any idea where fenners is talking about some bullsh*t administration of an unrelated clothes chain? he seems to have spent this whole year justifying his negative stance on NRR where its promptly trebled in value. Gotta love it. Easiest investment of my life.

[mcntrader] 23/2/2021 12:28:26

Have a look at the 1-year comparison ... ... still ~40% below pub peers despite collecting decent rents

[lord gnome] 23/2/2021 08:56:40

Quite an uptick today as well. Recovery gathering pace. Another couple of pence and I will be back to all square overall.

[lord gnome] 23/2/2021 08:30:23

Recovery prospects for retail and hospitality sectors. NRR was well oversold. Should bounce quite a way as recovery continues.

[calton1] 23/2/2021 08:26:09

Quite an uptick yesterday - why?

[gbjbaanb] 22/2/2021 16:37:34

I'm quite up overall, but I guessed the lockdowns would see the price massively and that one day, eventually, when the heat death of the universe occurs, the gov and their commie scientists would let us out to the shops and the div would recommended.

Really I was after that resumed dividend which I expect to be quite decent when things finally get back to normal in years time.

[dhoult12] 22/2/2021 15:13:13

Haha indeed. I am break even now on this.

Key news is the vaccination results. Brilliant reduction in hospitalisations. Really does give a way out.

[lord gnome] 22/2/2021 15:01:29

Long may this run continue. Having bought in quite a lot more when it was close to the bottom, I am now in serious danger of getting back to breakeven overall - which would be nice.

[chucko1] 22/2/2021 14:35:54

Prop, you are quite correct, and expectations of easier social conditions announced later today propelling this. Nowhere near its reasonable medium-term value yet, though, IMO.

[propinv] 19/2/2021 23:16:25

Yes - I get the equal revenue. I think it's a decent deal in isolation. It doesn't touch the sides in terms of the share price versus unsleeping merits of business here

[boonboon] 19/2/2021 22:53:18

Don't forget the development potential as well.

[nickrl] 19/2/2021 21:22:23

PropInv plenty of shopping centres available with yields >10% the quality of the majority is dubious though. As i said in #3562 there's no way this acquisition has an ERV of 14% more likely well below its current 11%. That said even if it drops back to a more likely 7-8% on borrowing rates its a good deal.

[chucko1] 19/2/2021 16:24:03

Prop, it's part of an arrangement with BRAVO. All deals are 10% and equal status. But NRR get to earn additional revenue, as I understand it, from advice given etc.

[propinv] 19/2/2021 16:18:27

Hmm. Worrying that they could only fork out £4m. Suspect 10% was absolute minimum JV partner would accept. It's probably a decent deal for NRR in isolation, but the spin they have put on this suggests the usual "talking good game approach". Now, if they can do 10 more of these, then I might change my view. Does their 10% rank equal or 1st loss. Be nice if they disclosed this

[chucko1] 19/2/2021 11:33:56

This is another of the JV deals they want to move into. Only 10% of the exposure, but additional revenue in advice, consultancy and such like. Likely IRR is very high when adding all the parts, but only on a small outlay.

Solid stuff.