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NRR Newriver Reit Plc

72.30
-0.80 (-1.09%)
24 May 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
  -0.80 -1.09% 72.30 71.80 72.80 73.00 72.00 72.00 537,788 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -13.52 226.95M
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 73.10p. Over the last year, Newriver Reit shares have traded in a share price range of 71.00p to 92.00p.

Newriver Reit currently has 312,603,487 shares in issue. The market capitalisation of Newriver Reit is £226.95 million. Newriver Reit has a price to earnings ratio (PE ratio) of -13.52.

Newriver Reit Share Discussion Threads

Showing 4276 to 4297 of 4325 messages
Chat Pages: 173  172  171  170  169  168  167  166  165  164  163  162  Older
DateSubjectAuthorDiscuss
23/11/2023
07:24
I always get suspicious when I open a set of results and I cannot find a P&L account without scrolling down an awful long way !

So by the time I found it I was expecting a loss - despite all the positive spin that was added to the start of the RNS.

They must think that if they bury the P&L no one will be bothered to look at it.

So a Loss then.....

fenners66
22/11/2023
14:25
Well, results tomorrow and I think we are going to see Corp Action
by the end of next week.

They have a bucket load of cash, (£111M at Full year) long term debt yet, they want an RCF too

Something is happening.

marksp2011
18/11/2023
09:40
The RCF had nil drawings against at FY23 so you have to wonder why they want such a large facility anyhow especially as it will no doubt be attracting a commitment fee of c 0.7%.
nickrl
17/11/2023
21:34
Listening to the British land presentation ... they seem to be quite bullish on the retail parks area of their portfolio ... good place to be in the current market I think
dartboard1
17/11/2023
16:08
Sadly we're getting used to this sort of ignorance from boards. of all people you'd think and FD might cough up the pertinent figures which he's surely already done for colleagues/board. However it seems i;m just an old crusty as the share price is heading north with the REIT herd despite falls in retail sales and regulatory announcements written in cuddly sound-bites of positivity.............

moan over.

mindthestash
17/11/2023
15:25
The media didn't seem to know this exists, any article I found about reits talks of a handful of popular ones and this is not in that list!
gbjbaanb
16/11/2023
08:25
Very quiet on here recently.

I read today's RNS as very positive. In an era of high interest rates, they say that they have managed to refinance the RCF at lower cost. 'Headline margin' reduced. Unfortunately it doesn't say from what or to what, so we are left guessing.
My best guess is that it has been reduced from extortionate to eye-watering. Whatever, progress is being made. The market seems unimpressed, but no surprise there.

lord gnome
14/8/2023
12:51
Let's hope Lockhart isn't getting a bonus based on deposited cash
marksp2011
11/8/2023
18:13
CAL yesterday identified that rent exposure to Wilko was 0.65m in addition if stores got vacated they would also be in for another 0.9m additional store costs. Just used as an example that its not only the rent loss that has to be taken into consideration. That said BM and the supermarket discounters could be interested in many of the sites potnetially.
nickrl
10/8/2023
12:48
Almost certainly frazboy but it won’t be a substantial exposure. Wilco doesn’t feature in the top ten tenants, so the maximum risk will be less than 1.5%.
lord gnome
10/8/2023
12:28
Do NRR have any direct exposure to Wilko, anyone know?
frazboy
26/7/2023
08:30
Wasn't sure of the logic of the disposals but as long as they count the 5% income on the cash as part of the FFO im content to hold my position. Unlike my view with EPIC at the time im happy for them to sit on the cash and be ready to move when asset prices become more favourable.
nickrl
26/7/2023
07:49
Nice to see they have trumpeted the 5% they are earning on the £137mn cash. Something that EPIC appear very bashful about, to the point of investor incomprehension.

Still to be tested as and when recessionary pressures become more evident, but they do reckon on the essential nature of their tenants' offerings.

chucko1
26/7/2023
07:32
A very punchy update for the AGM today. Seems to be sailing along nicely. Just needs the share price to catch up with the progress being achieved. Happy to continue to hold.
lord gnome
28/6/2023
08:50
No, it struck me as a rather odd move. I guess that with the joint venture being wound up both parties wanted out with a clean break and a big cheque.
lord gnome
28/6/2023
08:46
Not sure of the logic of selling high yielding retail pks (avg 7.6%) and paying down debt (3.5%) when it is fixed for years at such a competitive rate but maybe as they were held in the JV they had no choice. Also can they pay down the bond at will or do they have buy them back on open market/tender offer?

Can't see it helping to boost the divi any further now

nickrl
09/6/2023
10:10
God U.K. shares suck. This has collapsed by two thirds since 2018, like pretty much the entire 350 and small caps. Foreign buyers don’t want U.K. “ assets “ since brexit, just a total wealth destructive disaster. Terminal
porsche1945
08/6/2023
09:11
The divi was always going to be down with the loss of Hawthorn income stream. The issue here is rental growth looks pretty neutral now so divi growth from here looks minimal. They also have a stash of cash on the books and are at least doing better than EPIC for getting a few quid on it but what is the plan for that cash? Selling the workout assets raises a few quid but their forgiving decent rental income as these properties don't appear to be as badly performing. For the umpteenth year they talk up the development sites but they've still to find someone to come in alongside them. Anyhow as they have a sensible divi policy i do keep a small holding in here.
nickrl
06/6/2023
11:35
Getting planning before punative social housing tarrifs from labour gov would make sense. Resi alternative values may crumble.
mindthestash
06/6/2023
11:13
When did they start mentioning these flats in Bexley heath? Or Grays? Must be 5 years at least.
Need to get one of these residential developments sold/over the line before market reacts to change in valuation potential of the rest.
Rest looks good. Last divi had benefit of the pubs in there as well.

dhoult12
06/6/2023
09:03
divi down but rest of it looks rock solid
focused on the day job

upside looking ahead from sale out of regen centres assuming better returns from redevelopment than holding

"We have three Regeneration assets, representing 23% of the total portfolio value, for which we have planning consent for: 187 residential units, over 850 residential units at the pre-planning application stage and a further 350 residential units in the masterplan stage for phase one. None of these projects will be built-out by NewRiver as our intention is to deliver value either through sale or by partnering with residential developers, once planning consents are secured."

mindthestash
06/6/2023
07:38
Seems reasonably positive but will be reported as a dividend cut
marksp2011
Chat Pages: 173  172  171  170  169  168  167  166  165  164  163  162  Older

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