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1msn
That would result in a smaller dividend so I would think unlikely. Hopefully not. To me that is.
I think a share buy back is coming...
Mikefluk
Try again
Can't be bothered checking. Did Newriver only own 10% of the last disposal?
Either way if they used the money to reduce borrowing then the loss in earnings would not be as severe
Mikefluk
Can't be bothered checking. Did year Newriver only 10% of the last disposal.
Either way if they used the money to reduce borrowing then the loss in earnings would not be as severe.
Guys ..disposals are not a good thing !
Disposals of 93 million at 6% yield will reduce the annual dividend by around 1.5 pence ...don't celebrate
Evonybob "Yes you keep the Div, share price will be adjusted downwards by div amount though"
Doesn't follow depends on what the market is doing. Had two ex dividend today both went up not down....Nice.
Sold for not enough in my opinion but again lowering the LTV.
A very good investment.
Significantly in profit on one purchase and only down 4% on the other.
I am only hoping for 8p dividend this year, which should be achievable. 10% plus and 13% plus......Nice.....very nice.
Thanks, Evonybob
Yes you keep the Div, share price will be adjusted downwards by div amount though.
If I sell on x-div date (tomorrow) do I keep the dividend, please? Anyone has experience of doing this?
Nice to see the CFO buying and now has 88,827 shares
Well that's decent bounce!
More to go.
Well that fall for Newriver was a bit harsh. I suspect there may have been a bit of profit taking there.
The new rules don't look to extreme for their customers.
So if the market bounces back Monday it should (hopefully) bounce higher!
Please
GUITARSOLO
Tasty
Very tasty dividend.
Will have to hold on. Want to move stuff into isa but won't be this...for now.
45 % discount to Nav and 11 % div whats not like...
Sorry, I thought I was being clear! It's two dividends a year, each based on the half's performance (UFFO) with a potential third to top up to comply with REIT regulations.
two dividends a year mate
Nice try though :)
Thanks for your reply TLT.
Your figures are more precise and your are correct in your assessment.
But when I read any results from any company I have only 2 points I care: 1- risk of bankruptcy;
2- potential. Usually i make my decision within 20 minutes.
I don't particularly care for nrr . But when I initially saw it at 50p , and it was being price for administration . I looked into it. My decision was long .
I read your reply in seconds, 2 sentences jumped out:
1 " stable position"
2 - "85-95 ............ a fair DISCOUNT ".
When I first bought nrr. was being priced for bankruptcy.
SMJ, to what are you replying?!
Decent write up
https://www.sharesmagazine.co.uk/news/shares/newriver-reit-fundamentally-undervalued-after-turnaround
I think two dividends but with the second dividend potentially higher from the top up. But same effect. Unusual not to have a 1/3 to 2/3 split.
no that's correct mate they are analysing it every 6 months. The other 20 % will provide investment capital.
SD, from the June 2021 accounts (FY):
"Our future dividend policy will be to pay dividends equivalent to 80% of UFFO, with any top up as required under the REIT regime rules to be confirmed at the full year results. Dividends will be declared twice annually at the Company’s half and full year results, with reference to the most recently completed six-month period."
I read that as two dividends per year with a potential third to top-up to comply with REIT requirements. However, it doesn't say that the two main divis are the same. So the second won't necessarily be another 4.1p but will depend on UFFO for H2.
Does anyone read it differently?