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 Shares Traded Last Trade
  3.00 1.45% 210.00 2,166,396 16:35:16
Bid Price Offer Price High Price Low Price Open Price
210.50 211.50 214.00 207.50 208.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 125.40 -36.40 -12.10 642
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:27 O 2,749 208.00 GBX

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Date Time Title Posts
11/10/201919:35New River Retail1,851
02/8/201916:01Newriver Reit6
25/9/200709:43Nardina Resources PLC196
10/4/200614:30Nardina- The Next Multibagger Resources Stock10
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Newriver Reit Daily Update: Newriver Reit Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker NRR. The last closing price for Newriver Reit was 207p.
Newriver Reit Plc has a 4 week average price of 183p and a 12 week average price of 143.20p.
The 1 year high share price is 264p while the 1 year low share price is currently 143.20p.
There are currently 305,888,074 shares in issue and the average daily traded volume is 1,135,380 shares. The market capitalisation of Newriver Reit Plc is £642,364,955.40.
cc2014: But, it's NRR that are contributing to shutting the pubs converting them into CO-OP's. They buy them cheap because MARS for example are a distressed seller (They don't really want to sell them but the city boys and girls tell them that's the best way to improve their share price so sell them they do). NRR then convert them to shops or mixed use where they can get a better yield than as a pub. The best pubs they keep of course. Anyways price moving back up today after testing 190. There seem to be no sellers at all today and buyers are scratching around trying to get volume and have to keep nudging the price up.
marksp2011: hpcg The long term relationship between rents and NAV is generally clear. There are other flavours in that. A garden shed in an acre of Pimlico probably has a low rental value as a shed but the NAV as alternative use would be a tad higher than that from the gound rent on the shed. A key part of the NRR model is to repurpose. Short/medium term share price is also fashion/sentiment led. The Shawzie post is testament to that - some Argos stores will close. I have no idea how many Argos are in NRR portfolio. I have no idea what the terms are on those leases. I have no idea if NRR will actually benefit from getting the units back and reletting them. But, the sheer doom and gloom impacts the share price Is this a value trap? Not for me it isn't I have a decent capital profit and 5.4p/quarter. All depends on your perspective
hpcg: nickname27 I am long so in essence I agree with your analysis of whether this is an ongoing business. I don't see any sign of their rent roll being under pressure, and like you I see no immediate prospect for the business of their tenants disappearing. A recession might even be good for some of them. Also some may either ditch or start charging for their loss making home delivery operations. The share price would shoot up if they reduced the dividend to 90% of actual FFO. I assume the management income is non-PID (happy to be corrected if wrong on this) so best use for that is paying down debt or building cash. I do accept fenner's point about rent competition but from my examination of their town centre retail properties they are locally prime. In other words if I had too many Boots in the area I would be keeping the one in the NRR location given that a) my rent is low in absolute terms, and b) I could lose business to better position competitors. We shall see, the share price continues to probe lows, whereas financial reports have been much more stable. One or other is wrong.
spectoacc: Agreed @Bondholder but - NRR benefits from being a buyer now, rather than too much of a legacy holder (like HMSO, INTU, CAL etc). You want to be the one buying at £350k in your example, not the one who paid £20m (tho think of the empty rates!). Can it all get a lot worse? Of course, particularly with a recession long overdue. But a lot is in the NRR price already IMO. For an interesting "bought too soon" co, have a look at EPIC - they switched into retail warehouses about 18 months ago, and have been paying the price.
kenmitch: HugePants. Aren’t Intu and Hammerson terribly exposed to the carnage on the High Street - i.e CVAs and also successful retailers like Next and Primark demanding and getting rent reductions, whereas NRR are not? Also just how much of the NRR share price drop is thanks to Woodford selling rather than NRR negatives? Any guesses as to size of NRR NAV drop? Insignificant or not? And if significant where is the key problem area?
fenners66: hpcg - I agree its not up to the company to manage the share price its up to them to manage the business so the share price takes care of itself. In fact you start to worry when a BOD gets more interested in managing the share price and their share options than the company
fenners66: nickname27 15 Jul '19 - 08:30 - 1388 of 1395 "12% of the working population works in retail. If a "tsunami" that wipes out retail sites to the extent that the land is worthless hits then your portfolio is going to have bigger problems than just NRR." nn, you are completely missing the point. Retail does not have to close, land does not have to be worthless. But the profits for Retail landlords leveraged both to the value of land and the rental income can change far more rapidly than the falls in the other two. The debt will still be there, the interest still needs paying , the staff should still be required to manage the business regardless of income and values falling so profitability could rapidly decline and with it the dividends. That would still knock the share price further - and avoiding investing in declining share prices is what it's about. I have been thinking and saying this for long enough and saying the market looks forwards so the effect does not have to be in the numbers yet - for me that was a good enough reason not to chase the yield here. Seems the market has agreed too. The newsflow for retail is still getting worse. Sports Direct delaying results today - not for good news is it ?! HofF seems to still be a yoke around their neck - so expect further store closures. Then what ? Destination shops close others close , values fall , rents fall. Sooner or later they will get new tenants but this will ripple out to all other landlords until the general level of rents has declined enough to give retail a chance. Some say the rents here are already low . Why ? Because the retail sites are not deemed Prime ? So what happens when the Prime sites are almost as cheap then ?
fenners66: SpectoAcc 25 Jun '19 - 14:44 - 1217 of 1229 " Sure - NRR dropped a few percentage points of NAV last results - but the share price performance has very little to do with how the co is performing, and everything to do with stock sales and overhangs." I acknowledge the share overhang is having an effect and said so, but you cannot look at the companies historic performance and claim that does not justify a share price move. We know that if you work on what has happened or is happening now - you are too late , the market works on what it believes is going to happen. How many times have we read great company results and seen their share prices fall - often because buried in the report is some warning that the future will not be as great as previously thought. I read about Carpetrights results this morning - losses reduced from about £69m to £25m after their CVA - one of the first. But still losing a fortune. Now there is an avalanche of CVAs and for every retailer that have not done one - their FD's should be knocking on their landlords door demanding rent reductions. Fastest growing grocer last qtr ? Ocado. No retail outlets.
fenners66: Lord Gnome - I don't see this as an apocalypse at all. For the last few years I have been looking at higher yielding shares on the market. Some of them , on studying I decided and posted many times were basket cases and were going to lead to zero value for shareholders, CLLN INV DEBS LA. NRR should not be , but the share price decline was likely. I think that the dividend will come under pressure in years to come - however if the share price keeps falling , will the yield continue to hold up ? Problem is I look for high yields where I think the dividend is sustainable. As for Brexit - a no deal would mean a bit of disruption - but the REAL threat of no deal should be to get the arrogant Eurocrats around the negotiation table on the basis that they have to negotiate a deal not just impose a deal on the pathetically weak Treason May. A credible threat to walk away should have them make the next move / concession. Regardless I don't buy the Brexit apocalypse as I didn't buy project fear and the morning after the referendum Budget threat. Remember that ? We have built centuries of economic growth on innovation, we adapt and we do it rapidly. We need to escape Euro bureaucracy and we will adapt more quickly than the Europeans do. Remember there was going to be an apocalypse if we did not join the Euro - well that BS did not happen either.
spectoacc: Disagree @fenners66 - look at NRR's average rent compared to say INTU, who are exposed to Arcadia, or CAL (going to zero IMO), who have large department store exposure. The whole point is that NRR are at the value end, the pound shops, the B&M's, not the dept stores (in general - you could argue "all retail is dead"). When NRR share price tanks, as it has and will probably continue to thanks to Woodford's holding within IFF (I doubt he's sold a single share yet from WEIF), there'll be more "Look at the state of the High St" posts. Yet NRR isn't falling because something has suddenly changed in the retail market over the past few weeks. Pubs? Now, they're more interesting. Could argue NRR's large pub exposure works by buying from distressed sellers, working the asset (Co-op conversion etc), then doing it all again. And that Woodford's impending collapse means no money to be raised to keep that ball rolling.
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