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NRR Newriver Reit Plc

72.40
1.00 (1.40%)
14 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
  1.00 1.40% 72.40 71.70 72.40 72.20 71.20 71.60 188,357 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -13.45 225.7M
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 71.40p. 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 £225.70 million. Newriver Reit has a price to earnings ratio (PE ratio) of -13.45.

Newriver Reit Share Discussion Threads

Showing 3851 to 3872 of 4350 messages
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DateSubjectAuthorDiscuss
25/7/2021
16:44
brief mention in todays Mail on Sunday -

"AJ Bell's Hewson likes investment trust New River Real Estate, which she says has exposure to retail parks.

These have proved popular, as many people have preferred to shop out of town and take advantage of easy parking. "

brwo349
01/7/2021
00:17
Gap to close ALL 81 UK and Ireland stores to go online by the end of the year....

Retail closures continue, of course if every other shop is empty it will not affect NRR.... apparently.

fenners66
16/6/2021
12:41
Either that, or they've looked at the inflation figures and have come to the conclusion that interest rates are going to have to be raised, possibly by quite a lot.
gbjbaanb
16/6/2021
12:10
Ft reporting eviction ban to be extended to march 22...
dhoult12
16/6/2021
12:03
Bondholder they aren't the only ones selling off income producing family silver and im surmising some of them need cash to cover off debts that they might not be able to rollover so easily or protect themselves from covenant breaches.
nickrl
16/6/2021
12:01
The disposal of the pubs business has a whiff of concerned lenders wanting gearing reduced.
lord gnome
16/6/2021
11:18
Isn't the point that NR will have filleted Hawthorn's estate of all the property type assets for redevelopment before floating off the core pub business?
calton1
16/6/2021
10:28
You don't dispose of a highly cash generative business in turn slashing your net income if you have other options
bondholder
16/6/2021
09:41
NRR are not alone in carrying properties at unattainable valuations in their accounts but the lack of transparency in latest presentation doesn't help. They mention new deals without any information on lease lengths,rent free periods or break clauses. The disposal of the pub business has a definite air of fire fighting rather than a strategic repositioning.
bondholder
16/6/2021
09:38
Cwa1
Thanks interesting reading

janekane
16/6/2021
09:06
3641
What news notice are you quoting from I can’t find the information posted 23/4/21
Thanks in advance for any reply

janekane
15/6/2021
07:20
Aewu: Further to the Company's announcement of 23 April 2021 regarding the successful outcome of its legal action against two well-funded national tenants to recover unpaid rent, the Company can report that neither tenant sought the court's permission to appeal the decision of the Master and have now paid all the rent arrears claimed in the proceedings, as well as reaching an agreement on the legal costs incurred
alanpro1
11/6/2021
11:45
They are looking for partners for redevelopment but then so are a lot of other shopping centre owners and this needs big capital to turn them into RESI. Burgess Hill is a £65m project and despite it having planning approval its not yet progressed.
nickrl
11/6/2021
11:43
For balance, worth pointing out that if they can sell the pubs and development assets at premium, and if they see a rise in retail parks values and a stabilisation in the shopping centres values then this could actually see a decent uplift in NAV due to the impact of gearing, perhaps to 180p? Very hard to say which way it will go at this stage so erring on the side of caution, and assuming a further fall in valuations.
riverman77
11/6/2021
09:01
Not off the top of my head but there is a slide in the presentation that covers this. From memory they have earmarked around 20% of the portfolio for regeneration and they think these assets have alternative use value about 50% higher than the current book value. I guess the alternative use value for the rest of the portfolio is largely irrelevant as they seem to have no plans to develop these.
riverman77
10/6/2021
23:25
Retail parks are increasing in value off the cv19 base. Although still agree with your 10% decline ballpark as I'm not sure who is buying shopping centers at the moment.

Anyone remember the values underpinned by alternative use days in this? ~200p NAV wasn't it?

dhoult12
10/6/2021
21:45
Yes I am prudently assuming the pubs are sold at 10% discount to NAV, and the rest of the portfolio also falls by 10% on average (retail parks should do better than this, but the shopping centres worse, but overall 10% seems about right). I assume that the sale of Hawthorn will be mainly used to reduce LTV (to around 35%), but unless they can sell at big premium this won't have much impact on NAV either way.
riverman77
10/6/2021
21:22
riverman have you factored in sale of Hawthorn in your estimate?
nickrl
10/6/2021
16:23
Slowly getting to the level where it could offer value. I'm prudently assuming another 10% fall in property values which would take NAV to around 120p once impact of gearing is considered. I think the market would then want at least a 20% discount, so see 96p as fair value. Take off perhaps another 10% to provide some upside potential and I'm looking at around 87p to take a position. Let's see if it gets there.
riverman77
09/6/2021
13:50
CWA without Hawthorn makes them a pure retail play maybe a factor here but no big seller about and moving down on low volume.

Getting close to my interested level though.

nickrl
09/6/2021
11:48
Still drifting off rather unhappily
cwa1
03/6/2021
14:30
Valuation of Hawthorn is £248m including C Stores, hopefully they wont have to dispose at a significant discount to that given the high occupancy and the quality of revenues from C stores. Net property income in 2020 was £24.5m ie nearly 10% yeild so assuming they can recover to those levels post covid , reduced finance cost at 3.2% interest will only offset a proportion of that.
rogerrail
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