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the NewRiver REIT (NRR) topic

Silverstar64
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Re: the NewRiver REIT (NRR) topic

#250105

Postby Silverstar64 » September 7th, 2019, 12:19 pm

Quoting from RNS Number : 9745K

"NewRiver is holding a Capital Markets Day for analysts and institutional investors on 26 September 2019, during which the Company will provide further information on its current investment focus, demonstrate the alternative use value inherent within its portfolio of retail assets, and also provide an update on recent acquisition and disposal activity."

I hope this quote is acceptable as RNS is a public domain company regulatory announcement. Disposal update also in same RNS.

I'm encouraged and hope the capital markets day is a small catalyst for large investors.

torata
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Re: the NewRiver REIT (NRR) topic

#250322

Postby torata » September 8th, 2019, 2:27 pm

Silverstar64 wrote:Quoting from RNS Number : 9745K
I hope this quote is acceptable as RNS is a public domain company regulatory announcement. Disposal update also in same RNS.


Perhaps it might be better to put the actual URL, so that people can read the whole if they choose to.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NRR/14211108.html

torata

BusyBumbleBee
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Re: the NewRiver REIT (NRR) topic

#250348

Postby BusyBumbleBee » September 8th, 2019, 5:21 pm

Silverstar64 wrote:Quoting from RNS Number : 9745K
"NewRiver is holding a Capital Markets Day for analysts and institutional investors on 26 September 2019, during which the Company will provide further information on its current investment focus, demonstrate the alternative use value inherent within its portfolio of retail assets, and also provide an update on recent acquisition and disposal activity."
I hope this quote is acceptable as RNS is a public domain company regulatory announcement. Disposal update also in same RNS..

I'm encouraged and hope the capital markets day is a small catalyst for large investors.

So yet again the PI is disadvantaged - analysts and institutional investors only. However, one hopes that no new information will be divulged there, as that would be giving inside information unless they give another RNS simultaneously.

SilverStar64 - I have shown you how to use a quote from the RNS which is quite acceptable here. No one's going to complain anyway as you were quoting an advertisement.

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Re: the NewRiver REIT (NRR) topic

#250381

Postby Silverstar64 » September 8th, 2019, 7:07 pm

BusyBumbleBee wrote:SilverStar64 - I have shown you how to use a quote from the RNS which is quite acceptable here. No one's going to complain anyway as you were quoting an advertisement.

Thanks for the advice. I was overly cautious with the don't quote large amounts of text from a copyright source rule. As I don't know the status of RNS I played safe. As you can see I'm new here and want to follow the rules and fit in.

I had hoped the NRR event would be streamed as they routinely are in the US as I watched one recently but sadly not.

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Re: the NewRiver REIT (NRR) topic

#251144

Postby BusyBumbleBee » September 11th, 2019, 6:19 pm

Well, if no one else is going to mention it: nice price rise today of 6% or thereabouts. Gives a cosy feeling (if you are a holder) but doesn't alter the fundamentals which in my view are still good.

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Re: the NewRiver REIT (NRR) topic

#251224

Postby Silverstar64 » September 11th, 2019, 10:11 pm

BusyBumbleBee wrote:Well, if no one else is going to mention it: nice price rise today of 6% or thereabouts. Gives a cosy feeling (if you are a holder) but doesn't alter the fundamentals which in my view are still good.

I have watched the price, chart and trades as I do every day and while notoriously tricky to call it just might have found its bottom and now be on a gentle recovery. The recent bullish post on the fool site was pleasing, the short positions are reducing and i think Woodford has sold his position for liquidity.

It all comes down to whether the dividend can be covered by FFO and if yes then a re-rating is on the cards. If the dividend gets cut then it could continue to languish. I remain bullish for a number of reasons I have articulated in this thread and on Citywire forums but I accept there is a bear case. It's high risk but could pay off handsomely both in dividends and capital growth.

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Re: the NewRiver REIT (NRR) topic

#251437

Postby gbjbaanb » September 12th, 2019, 4:51 pm

They say they are trying to get the FFO back to cover the dividend, the results (p8) have their plans mentioned - I think they are trying to significantly increase their asset management business for local authorities:

Local authorities have been encouraged to acquire real estate assets through a range of policies aimed at making them take a more enterprising and commercial approach to raising revenue, and through the inexpensive loans available to them through the Public Works Loans Board. Figures from PropertyData show thatl ocal authorities have acquired £4.8 billion of properties over the past three years, 16-times more than in the prior three years, and this includes£1.6 billion of retail property. Akey motivation for local authorities purchasing these assets is the desireto take greater control of their town centres and ensure they better meet the needs of their communities in the current retail environment. However, in most cases local authorities lack the personnel, expertise or relationships to successfully manage these assets on their own, and have turned to professional asset managers such as NewRiverto ensure income streams are sustainable. During the year, we signed two asset management agreements, with Canterbury City Council for Whitefriars Shopping Centre and with Market Harborough District Council for the management of two high street assets.


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