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
  -3.40 -1.67% 199.60 612,065 16:35:08
Bid Price Offer Price High Price Low Price Open Price
198.40 199.00 201.00 195.20 198.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 125.40 -36.40 -12.10 611
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:13 O 4,452 199.61 GBX

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10/12/201917:47New River Retail2,119
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Newriver Reit (NRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-12-10 17:06:14199.614,4528,886.64O
2019-12-10 16:58:42199.3068135.53O
2019-12-10 16:35:08199.60130,073259,625.71UT
2019-12-10 16:29:49198.88494982.46O
2019-12-10 16:29:39198.60127252.22AT
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Newriver Reit (NRR) Top Chat Posts

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 203p.
Newriver Reit Plc has a 4 week average price of 177p and a 12 week average price of 177p.
The 1 year high share price is 246p 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 642,540 shares. The market capitalisation of Newriver Reit Plc is £610,552,595.70.
lord gnome: Would it be wrong to suggest that the NRR share price might just come under a bit of renewed pressure as a result of this?
cc2014: Ok, so I hold BLND, INTU and HMSO, having sold my NRR. NRR was a nice profit on the back of Woodford, BLND I'm in the money from my purchase from 2016, but HMSO and INTU look pretty ugly and whilst I think the share price on those will go up from here I'm not going to get my money back. What concerns me most is that we keep building new retail space when there's an excess of it already. However, NRR are in a slightly better place than some. The recent presentation shows a page of the book value based on re-purposing away from retail, although I'm not sure how easy that would be to do. How do you get planning permission for houses on an existing retail site? I like the pubs and the diversification into managing others estates and the JV's I dunno. I sold at 210 and if you had asked me then whether I thought 185 was a good place to buy back I've have said yes. Thing is, I'm inclined to sit on the sidelines until the general election is complete. It's also flirting with FTSE250 demotion. Next review 4/12. Current market cap £566m at 185p. Automatic demotion at 178p assuming no movements on other stocks
hpcg: Mark Barnett on the front page of the FT for the wrong and familiar reasons. The large position his managed funds have remains an existential threat to the share price if not the business. Were redemptions to pick up and the share price show it I would be shorting the weakness this time rather then buying. Though to emphasise I would aim for perfect trading and a 180 position change at the turn. Hypothetical at the moment.
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.
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: 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.
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.
Newriver Reit share price data is direct from the London Stock Exchange
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