Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Most REITs trading at a discount to NAV, market sentiment against them. I'm adding as will turn eventually and good dividend for my ISA.
Good Solid set of results... I find it strange we are sitting at this level.. but a great buy in price... markets work in strange ways.
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....
Back to 85
On the back of this we should be 90-100
https://www.costar.com/article/1802858808/video-newriver-reit-chief-lockhart-targeting-uk-retail-sectors-renaissance
Very quiet on here over the last few months.. we are back at levels now which I personally though we would not see again..
115 NAV.. 9 % dividend... seems a very strange valuation... based on one years Dividend payment.. this means we are buying commercial property are a 45 % discount...
Dividends received today - and reinvested into nrr. I quite like this company, will be interesting if the discount to net asset value ever narrows -- might be back over a £1 in two or three years 25% cap gain poin possible perhaps with nice div along the way
Strange we are down 4 % today and its ex dividend day.. does that mean 80p tomorrow
Some big buying today..
69
Big Seller out there
With interest rates looking like they have peaked this looks very interesting to get above a pound again
Seems to be flat, do we know of any Wilko exposure?
Topped up again this morning.. the share that keeps giving.
Yes but we are still a long way off when the SP was over 2£ the company is most certainly undervalued by a tune of 30% of current share price
But it looks like the management are on the right path and heading towards full recovery
I am still well under water as I bought in heady days when we were trading over £2
But I am happy to hold and the Divi even though cut substantially still goes some way to ease the under water situation
GLA
NRR began to impress me at the start of Covid when i began lookin for real estate investments.
I have been a confident buyer ever since.
These types of RNS's are a nice reassuring bit of news in my view of the business.
Good work guys from 2019 to now.
Ballio.
That's a perfect set of results.
Great set of results!
Especially liking "Cash & cash equivalents increased to £137 million from £111 million at 31 March 2023 and net debt reduced to £164 million from £201 million at 31 March 2023"
Cash up and debt down!
Results look excellent from my initial scan.
Director buys... see a special Div or by back starting