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
  -5.20 -2.96% 170.40 1,372,014 16:35:29
Bid Price Offer Price High Price Low Price Open Price
170.00 170.40 177.00 169.60 177.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 125.40 -36.40 -12.10 521
Last Trade Time Trade Type Trade Size Trade Price Currency
17:42:32 O 11,091 171.67 GBX

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Date Time Title Posts
22/7/201912:42New River Retail1,459
07/6/201912:11Newriver Reit5
25/9/200709:43Nardina Resources PLC196
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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 175.60p.
Newriver Reit Plc has a 4 week average price of 163p and a 12 week average price of 163p.
The 1 year high share price is 283.50p while the 1 year low share price is currently 163p.
There are currently 305,712,984 shares in issue and the average daily traded volume is 4,618,488 shares. The market capitalisation of Newriver Reit Plc is £520,934,924.74.
shawzie: And I thought that posters on this site believed that the share price was also falling due to Woodford selling? Did the Woodford sell-off really have any influence in the share price fall?
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 ?
salchow: I don't normally short although with the political situation perhaps I should. When I buy I am not thinking that I am contributing to creating jobs. I am looking to make money. When someone shorts it is simply the reverse. You cannot make a bad company good by buying their shares. You cannot make a good company bad by shorting their shares. If it is wrong to gamble on shares that you think will fall it must be wrong to gamble on shares that you think will rise thus pushing the share price too high. I say gamble because frankly what we are doing is no more than sophisticated gambling! The shorter's sometimes get it wrong. Look at Ocado as an example. From experience I have always thought Ocado had a great offering irrespective of their accounts and my view prevailed to the cost of the shorter's. Nevertheless, the shorter's are right often enough and the level of shorts is one of the things I look at when buying a share. Incidentally on NRR they are far higher than the figures that have been quoted as those figures tend to only include individual shorts of more than 0.5%.
m_kerr: lots of large sales of the stock today showing up, placing further downwards pressure on the share price. i think it's telling that there is very little CVA / administration impact happening at NRR. for instance, minimal impact from the arcadia mess, with no rent reductions. that shows a) that retailers are by and large trading profitably at NRR sites. it's because rents are already at a realistic level. NRR assess rent affordability when they acquire assets.
fenners66: chucko1 - "sales in its properties will hold up OK in the face of lower sales in typical shopping malls etc." So you did not go and look up the June retail sales stats then? Of course if they are full of detail you don't want to see .... but that's exactly why you should look up the detail if you are invested in retail property. As I referred to the sales data (the Whole UK market) included a 4% rise in online sales whilst the total suffered the worst month on month drop on record. The message is clear retail sales are in trouble but the only bright spot is online which of course does not need retail shop premises. Marks & Spencer announces that the closure of 110 shops may not be all. I have been discussing on this board for 18m (or more) why the retail market is in a spin and that the surplus of retail property has to affect all property companies. A lot here have refuted there will be any effect. I also said that sentiment affects share prices before reality hits the results - so disregarding the results to come the share price has fallen. You cannot blame that all on Woodford. The bad news for retail property is still coming and sentiment is still getting worse.
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.
fenners66: Well I have kept a close eye on these for a few years now. I have joined the discussion previously (at length ) about the decline in retail and heard the counter about these shops are different. However even BBC radio managed to explain this morning about the Arcadia CVA that landlords may well be better off allowing Arcadia to fail and have a void period than permanently reducing rents across the board. There is no doubt -since Green has succeeded, that the landlords feel too weak for the battle and others will follow , either with their own CVA's or just plain hard negotiation, "How can we compete with Arcadia when they have their rents slashed?" That will ripple out and I firmly anticipate falling rents across the sector - or do some of you believers think that Arcadia's shops were located in poor positions ? A retail £Billionaire knows how to maximise location so that will not have been the problem. So it does not matter how good NRR's locations are there will be equally good locations with rent reductions next door (figuratively speaking). As for the argument that they are not just in retail - there will be a perception that they are among potential investors and that may be just enough for them to ignore the company anyway. After all there are always sellers of shares and New buyers are required in order to keep the share price up. Yes the Woodford situation is different and a one off, but he will be selling into a poor market for the reasons above. I said I should have shorted these from about £3 (or wherever it was it may well have been higher), and the share price has continued to decline since so whatever the reason I feel vindicated. I just cannot see sentiment changing for the better for some time. I think property valuations will continue to fall.
fenners66: gorilla - thanks for the clarification We have debated on here their style of portfolio and the possibility that it is insulated from vacancies by being at the lower end. However; I put this point forward months ago;there is no immunity to sentiment that has a lot to do with driving share price movements and perhaps more importantly when all around properties are falling empty then there will be pressure on the market for all retail property. It is simple supply and demand - if there are empty shops elsewhere - possibly rent free with just business rates paid sooner or later businesses will demand a rent cut or move. The counter argument is that the good locations will not move - but surely we have had that debunked already with the move of major retailers from High Streets to out of town. Sooner or later money talks - I believe it will be the "market rent" which will fall - just the same as the market price for houses - we all understand house prices - they move in tandem and it does not matter if you have the best house in the street it is still likely to decline in price when the rest do. Mickeyfernandez "but every single post you write about nrr has a negative slant" I agree they have - for about a year I would guess. Negative about the prospects for retail property but that's the market. I have mostly been motivated to post the contrary view to a lot of posts on here as above - but this is just the way I have seen the retail market moving. If I am wrong - that is as much about sentiment as specific NRR - then why are the shares heavily down since I threw my 6p in ? As I said a long time ago I put these on my watch list for yield and they continue to pay a dividend so the yield climbs higher - but the share price decline has far outweighed it. I think we have to see where these are when we finally reach a retail property bottom.... but will we even know when that is ? To explain the line about bookies and FOBT. There are an awful lot of small retail high street bookies - whose profit is based upon FOBT - the takeover of Ladbrooks by GVC gained many of these but after the stake change the idea is that they can exit a lot of the leases in the next few years. If you remove a lot of bookmakers from the High street and after all the stake limits do not apply online - then who is going to fill the estates of empty shops ?
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