NewRiver Share Price (NRR)

Sorry in my reply i wrote the word supermarket -- i meant shopping centre......

Hi Guitarsolo thanks ref your post, i take on board what you say about this reit and indeed the share chart sadly backs up what you say. All retail (supermarket and retail park and destination villages) were terribly hit from say 2016 till 2021.... i was caught out on a long term position in hammerson at the same time as you no doubt, luckily i clawed back most of the loss through probably my most thought out action pre and post the rights issue where hopefully i got to break even...

but yip its been a horrible place to be these years, i no longer hold hmso. Its like all the reits were terribly overvalued from 2015-2020 now however the sector has been rebased...... but with tons of capital destroyed...... (intu hammerson, nrr to name a few) and i am now happy to invest. we need to watch out for this type of thing in the future but for now it looks a steady punt.... sorry to read of the pub carange... who bought these, wasnt happy to read of this loss although i was aware of the put chain ownership sad to read of the loss to the Nrr owners

Hello dadean,

Just to expand on your post, the history of NRR is not entirely rosy. I've owned shares in NRR since 2016 when the share price as well over 300p and the dividend was 21.6p! The company was smashed by Covid (easy to see why and of course that was no one's fault) but it forced the sale of the pubs business at a large loss to keep the LTV in check. That is why it is irksome when NRR's management use flowery superlatives to describe their performance! For very LTH this company will never recover to its previous levels and it is damage limitation.

I did add some down at 45p which has helped.

Guitarsolo

PS. also have too many Regional REIT which is another basketcase caused by poor management. REIT's have not been kind to me since 2020.

Watched the interview, thanks 1msn, interesting to listen only bit which to me was a little fairy dust was decarbonising the estate, I'm interested in the rental yield and the operational efficiency of the business, not too bothered about saving a few watts on the lecky.... Anyway financial efficiency drives carbon reductions anyway. I highly rate this company. Before I bought my shares I briefly owned regional reit for 2 days before changing my mind and buying this. So glad I did. I've followed this company for a few years and it appears to be one of the very best reits... Responsible management who are looking after the company, aligned interests.. As far as I know they never even had to raise capital, share issue, when their peers diluted their share holders....

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