Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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1msn
"As I said many times , they should close shop and return the funds to share holders... a zombie company.."
I have said the same (except the zombie company bit) but also a takeover would be great. Alas it maybe difficult for company in this period to find the money to do so. An all share deal will not be of any use to us. Nor would a merger. This is not really the sector to be in for the next year probably two years.
Either way there recent a management contract says they are not going to do anything other than see it through this bad period for reits.
Selling out soon. Am at a 40% profit not that it would make any difference always happy to sell at loss if there's better investment out there.
As I said many times , they should close shop and return the funds to share holders... a zombie company..
Fitch Ratings ('Fitch') has affirmed NewRiver REIT plc's Long-Term Issuer Default Rating (IDR) at 'BBB' with a Stable Outlook, senior unsecured rating at 'BBB+' and Short-Term IDR at 'F2'. The senior unsecured rating applies to NewRiver's £300 million unsecured bond dated 2028.
Pointless
Drop or gains to hold. 3.5p decent return
Thats close enough.. looks like its going all the way back to 90... still great value at 90p
1msn only out by 1 day!
Next Thursday is XD 3.5p, Payment 17th January
What is the ex dividend date please ?
1mdn
"See this opening at 82 tomorrow.. most undervalued share out there"
You do love talking this share up!!!
My turn, although completely and utterly unrelated Georgia capital is on 66% discount.
See this opening at 82 tomorrow.. most undervalued share out there
Looks like back to the mid 80’s
I’m disappointed that the board always seem to distract away from the fact they could buy back cheap shares on the market and return capital to investors in a very efficient way.
Although from the update the asset management platform side of things seems to be taking off and I would guess has unlimited potential.
What the company needs to is get a move on with their regeneration portfolio, NRR let themselves down in this sector by always stalling and delaying progress themselves. Hopefully 2023 will deliver some progress across this sector of the business.
Barclays go over weight price target 90p
Probably explains the 4.35% jump.
Fund selling
Given the massive discount to NAV and any material raise will be even lower than current price, very unlikely
I’ve listened to most of it but no mention of a raise and no Q&A reference! If likely then the analysts would have followed up?
Where was this mentioned?
Apart from the small fall in NAV not much to complain about in the results.Certainly,these guys are long on verbiage and undeserved self- promotion.NRR is now on an even keel with net debt at a sensible level.What odds this incompetent board will dive back in with a big purchase in next couple of months on grounds it was too good to turn down…and link it to a fund- raising which will dilute existing shareholders?
Although discount in the sector are huge property prices have fallen much less. So they would be diluting. Little point to that.
Liquidation is the best option but as they are taking on managing other shopping centres they clearly have no intentions of doing that.
A takeover looks like the best option. Not likely as the buyer would appear to be diluting there own shareholders.
A merger of equals?
What on earth for? If they use the word "firepower" you should scream!
But serioulsy, what would they buy that can't be covered by the cash and authorised credit? It's not like they have a good, recent track record so they would be raising at a significant discount = more shareholder value destroyed.
They are talking about a fund raise on the press conference..
I make it a 45% discount (72pps v NAV 132p).
Regional REIT trades at a 39% discount (61p/99.5p)
Palace Capital REIT also at a 39% discount (210p/ 345p)
NRR perhaps deserves the more punishing rating for its history and use of claptrap phrases!
I can not recall another reit that trades on a 60 % discount ...