marktime1231
18 Apr 2019
FY Results Phew it was an anomaly. RDI bounced back to 158p this morning, INTU back up too, NRR slid further back to 225p on ex-div. Which is quite a bargain price again, but riskier and less obvious immediate potential so I will stick with RDI.
marktime1231
17 Apr 2019
FY Results A sudden fall in NRR share price to 235p this afternoon has sparked a stampede in other REITs including INTU and RDI. Do you imagine some robot trader machine at work? I think the NRR dive was mostly because after a month of steady gains from 220p to 245p speculators have taken profits after a liquid lunch ahead of tomorrow’s ex-div. The tumble of RDI from 159p to 150p was even sharper. I don’t think this has anything to do with RDI itself nor the Cromwell bid, just a sector reaction to another stock’s tumble. Rumours that Woodford may have been cutting his stake at NRR, for whatever reasons, should not have cut across so hard. Actually looking at the late trades I think RDI was being bought hard again by the closing bell at prices around 154p, so hopefully we will see things restored quickly. But if NRR drops again tomorrow on actual ex-div maybe not.
marktime1231
16 Apr 2019
FY Results So my SIPP contribution for 2019 went on RDI at 152p. Recently boosted by rumours of a 181-185p offer from Cromwell, it is a 20% pay day or an 8%+ yield opportunity. Despite all the gloom about declining demand for retail space RDI is delivering its promise of paying leading and progressive income, and I read somewhere that even allowing for a feared decline in values actual NAV is still estimated to be up in the 200p region. The good news is that my SIPP administrator has confirmed it has registered to receive all the PID from RDI gross of the property income tax. That could be as much as 14-15p per share this year. We will find out if Cromwell or anyone else wants to offer an acceptable price by 23 April. Meanwhile the sp has kicked up to 159p today.
PrefInvestor1
21 Feb 2019
FY Results Well INTU results out today, pretty poor ~12% annual drop in property valuations, dividend cancelled !. NRR suffering in consequence by the look of it 213 now (was 210.x earlier) that’s close to 60p less than when I exited @270p. Probably missed 3 x ~5.x dividends I guess but still ~40p ahead as a result of leaving. High street in real trouble by the look of it and knocking on yo commercial property prices, for shops anyway. Even in my home town reading I’m seeing more stores close by the day. Everyone is shopping online I guess ?. Brexit isn’t going to help either… Personally I have no plans to return to REITS ATM. ATB Pref
marktime1231
18 Feb 2019
FY Results NRR and RDI have been on my radar but stayed there, how do you know when you have hit bottom. NRR below 220p and a consolidated RDI below 150p look real bargains. What is going to reverse sentiment?
PrefInvestor1
18 Feb 2019
FY Results Hi soi, Been a while now since I dumped all my REITS on fears of the effect of brexit on commercial property. I still keep an eye on those I used to hold or have an interest in and the picture seems pretty mixed, some have done OK and some pretty badly. INTU - 2018 a disastrous year, share price almost halved. HMSO - a bit better than INTU, but still down at 380 compared with 450 last year. NRR - been hammered a bit now at 214, way lower than when last held when it was ~270. Too many shops… FCRE - I switched to this when I left NRR. Hasnt done great, was close to 100 - now just over 90. RGL - a bright spot, this has done really well. Took a knock down to just over 90p but now back over 100p. WHR - another bright spot. Did badly for a while during their attempt to make a big buy which fell through. But now over 100p again. CREI - not so good, down to 114.x was over 120. PCA - not really a REIT but the same sort of business model. Still around 300p a bit lower than when I was looking at it when it was 330ish. Guessing you’ve just held onto yours and in fairness some have done OK. I have no plans to re-enter here ATM, going to let brexit settle down first. ATB Pref
devonplay
18 Jan 2019
Topped up again hi @PrefInvestor1 I dont know Hawksmoor well, but I was interested in reading their “bear market picks†somewhat old article: property, gold, mining, private equity and Asia. They mention specific funds, some of which I own, but I couldn’t disagree with the general theme. If I remember I might have a look at Phoenix Spree Deutschland (Ordinary Share) PSDL, but the UK is really my first choice at the moment with EM in second place. DL
PrefInvestor1
17 Jan 2019
Topped up again Hi All, Happened on the following article while browsing this evening:- Citywire Hawksmoor: Reit rout a warning for property funds Fund picker Ben Conway reveals the real estate investment trusts he has bought and says their low valuations underline the difficulties facing rival open-ended property funds. Some well known names listed in this article so I thought it might be of interest. ATB Pref
Ripley94
17 Jan 2019
Topped up again NRR… XXXXX Same sector as British Land & Hammerson.
devonplay
14 Jan 2019
News Source Hi Mr Solo, I haven’t found another home yet, so I’m looking in from time to time. I’ve just posted on the Lloyds thread (Deutsche Bank AG) as I have small positions in the equity and debt, the latter yielding double digits if held to maturity (almost 11%). I haven’t added any more VSL, but have HHI, IUKD and REC on my watchlist for February income. I hope you are keeping well? Agreed about the the REITS and NRR in general, but property at least has some baked in value. I will be buyingmore NRR at some point in the near future. I remain positive about the long term value of it and others. I watching Mucklow’s for an entry point. I also recently bought some Pizza Express debt, 12.6% if held to maturity, alongside Deutsche Bank it proves at least I have a taste for risk (with income)! I keep looking over NCYF and might start a saving plan within my ISA for the 19/20 ISA years. Nothing radical, but a small regular amount. DL
Guitarsolo
14 Jan 2019
News Source Hi Devon, thanks for this! Quite agree that it leave a nice little tingle to think that (my) NRR own a number of pubs! Granted REITs and NRR in particular have exposure to a Brexit-induced recession, and these recent purchases have pushed debt up (from memory to about 40+%). However, the occupancy still appears solid and the major assets look good. If major retail centres are victims of a recession or changes to the way we shop, hopefully that will cull the lesser shopping centres rather than those owned by NRR! Who knows? I’m prepared to stick with it and average down with a few small re-investments of income. Devon, I know you’ve said there isn’t much to keep you a regular visitor to this site but I do hope we still hear from you! III made a massive error with the introduction of this new format (whatever you might think of it) but it is the users that matter more than the format. Guitarsolo
devonplay
10 Jan 2019
News Source For followers of NNR, you might find this site an interesting source of news: morningadvertiser.co.uk 76 Star Pubs & Bars sites sold to NewRiver NewRiver has confirmed to The Morning Advertiser's sister title MCA that it has acquired 76 sites from Star Pubs & Bars, taking its Hawthorn Leisure pub arm to over 700. Always a joy to hear about pubs even when it’s becuase they’ve got a new supermarket in the car park Lol
devonplay
10 Jan 2019
Recent Up moves Guess it must be these: Broker Forecast - HSBC issues a broker note on NewRiver Retail Ltd 2nd January 2019 09:10 | NewRiver Retail Ltd HSBC today upgrades its investment rating on NewRiver Retail Ltd (LON:NRR) to buy (from hold) and cut its price target to 244p (from 338p). Story provided by StockMarketWire.com Broker Forecast - Liberum Capital issues a broker note on NewRiver Retail Ltd 9th January 2019 12:20 | NewRiver Retail Ltd Liberum Capital today reaffirms its buy investment rating on NewRiver Retail Ltd (LON:NRR) and cut its price target to 300p (from 310p). Story provided by StockMarketWire.com Shorts remain at 4.74% DL
PrefInvestor1
29 Dec 2018
Topped up again Hi @devonplay, Yes Happy New Year to yourself as well, not that we are quite there yet - isnt it supposed to be bad luck citing it early ?. Glad to hear that you’ve been holding up OK. Neither NRR or PCA doing that well though, and I have been steering clear due to my view that brexit could be a significant issue for the REIT sector. Big bounce in NRR on Thursday but anything with significant retail property holdings is at risk right now IMV. No plans to return personally. EAT continues its long running losing streak, out of that too personally. Yes debt investments getting more popular now with the threat of rate rises. I bought back into some of the cheaper preference shares that I used to hold a short while ago. They are all paying 6.x% and IMV they cant have much further to fall as many are now mid 110s. All solid companies so I dont think they will ever go below par. Might lose a years dividends before they bottom but should hopefully be solid dividend payers with some upside potential after that IMV. Just have to see how it works out. Enjoying their lack of volatility ATM !. Glad I havent got any US exposure right now, I baled on the likes of SMT, PCT & JUSC a while ago and they have dropped significantly since. But we need the US to stabilise or I suspect that all of the other markets will continue to be negatively impacted. Anyway ATB Pref
devonplay
28 Dec 2018
Topped up again Hello @PrefInvestor1 Happy New Year! Damaged? Not sure what you mean? The volatility? No, I’m not worried at the moment, the bulk of my portfolio is PE, EM and start-ups, so a little price action doesn’t keep me up at night. Lol I don’t come on the site much , so much of what I’ve been doing isn’t covered on here. I think I mentioned in the summer I was not far off the end of my long term, long hold, portfolio and I haven’t changed track. I’m still investing “income stream†in my existing portfolio. - I expected another year of that, it looks like more now, but it’s no great problem. Recent purchases have been AV, EAT and PCA (PCA at the very end of October). I’ve been turning my attention to January and have shortlisted - HHI, CLDN, TR Prop, NAIT, but haven’t really thought about it depth yet. I guess it’s a conservative list. Sign of the times. Guess i might also have a look at the index ETF’s. I hope to make the closing purchases on NNR and PCA around March. I’ve also added Mucklow’s to a watch list. I’ll be thinking about it more in the next few weeks. I mentioned I’d been looking at SSD’s and High Yield (via WiseAlpha as learning ground). I’ve now got 12 small positions and I found that fun! I’ll be adding one a month from now. My yield is around 7% and a bit more if they all make it to maturity. My holdings are very similar to the top holdings of NCYF - and I’m keeping an eye of the that one as a potential buy. January should produce a number of "pre-emptions"and that should keep me scratching around for cash, although I did have one taken out and it gave me 6x return, so I have some cash on the sidelines. Not enough I expect. I watched this the other day. Long watch at 2 hours. Anthony Deden | Grant Williams | Real Vision I’m working towards just making a 3 buys every months - spread across listed equities, debt and new co’s - guess I should be taking easier DL
