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Exactly what it says.
So what does your following statement mean?
" They must be considering a share buy back now with the low share price "
No. What planet are you on ?
Hi Alavib,
I don't know if you hold within and ISA given your residence (or whether that makes and difference at all). However, I think it relates to the way in which the money must be distributed to avoid double taxation (as Property Income Distribution). I too hold shares through HSBC Invest Direct and they pay 80% of it now, and the balance about 6 weeks later. So I too got 2.64pps which is 80% of 3.3p.
I also hold then through Hargreaves Lansdown who pay the whole thing up front!
So you will get the balance soon, but blame HSBC for being unnecessarily cautious!
All the best
Guitarsolo
Hi all
Can anyone please tell me if there is UK tax deduction on cash Divi from NRR?
I hold 26000 shares and based on 3.3P Divi just paid I should received 858 pounds but HSBC invest direct has credited my account by 670 pounds
I am a non domicile UK citizen whom pays tax in my country of residence in EU I am no longer UK tax registered so why then my Divi is deducted
Any advise will be much appreciated
Looking more like EPS of 7p and divi of 5.6p in 2022/23 given no pub assets.
7.4p
Does anybody know what the annual dividend is for this stock? I've got it in my head its about 7p but not absolutely sure.
So you're saying the board of directors base their strategy for shareholder returns around the share price? I doubt that very much.
Be considering a share buy back now with the low share price. It would be a great way of returning shareholder value to. Increase the nav and dividend. Can’t remember when the next update should be ?
Got to be the most frustrating share I hold...
I'm no expert on retail but in terms of energy use I would imagine most occupants of NRR's retail parks (clothes, household items, games, electricals etc) are not high energy users compared to say food outlets. They should be able to ameliorate their energy use somewhat (turn heating down/ a few lights off etc) with little impact. So one would hope that spiralling energy costs themselves may not force many to close temporarily or permanently. Of course, a recession in general terms will still impact them.
NRR has a relatively large portfolio of convenience stores which have higher energy usage (fridges and freezers required for health and safety reasons etc). These have fewer options to reduce their energy usage I suspect. However, being mostly food retailers they will still have trade no matter what. And perhaps there will be a recession-driven migration to discounters (SD's point I think).
Last point, NRR may have fortunately dodged a bullet by selling the pubs. Yes, they sold them at a loss and not because of anything to do with the current energy crisis. But if the forecasts are correct and many of these close for a while or for good, you would think there will be huge pressure for rent holidays, rent reductions or simply mass defaults and no new tennants. Perhaps we should be thankful NRR is not still holding that portfolio?
GLA
Guitarsolo
zaco
Doing well relative to others. You were well aware that's what I meant.
Your knowledge of retail leaves a lot to be desired.
Based on your belief that coop is cheap when in fact it is one of the most expensive supermarkets.
I wouldn't class lower defaults as "doing well"
zac04
"Why should it do reasonably well when money is tight? A migration of consumers from Waitrose to the Co-Op doesn't alter the amount of rental income. Does it?"
First I would suggest you start off with a better comparison Co-Op is not cheap.
They have a lot of discounters, the only section of retail that is doing well. Plus they aim for companies that supply necessities.
So you would expect lower defaults.
I think "well" means resilience against multiple defaulting tenants. It's all relative in an extremely difficult market.
Why should it do reasonably well when money is tight? A migration of consumers from Waitrose to the Co-Op doesn't alter the amount of rental income. Does it?
Certainly going no where at the moment. Should do reasonably well when money is very tight. With its nearly all convenience offering.
nearly a 80% uplift i think he means
It's actually on a 40% discount to NAV-work it out. Also the accounts show net debt of £221.5 million. Read the balance sheet.
Nav was 137 ..
1msn
80% discount to NAV?
So now with nearly 10% yield and 80 % discount to revised Nav
And 100 million in cash.. crazy
It will probably drop further up to Christmas and when the recession hits around Christmas. I just look at it as an opportunity to buy cheap stock for a decent return in the next 5 years.
I still hope they buyback shared although I think they are retaining cash to manage they’re LTV through the recession.
How long can this be kept down.. nearly 100 million in Cash