Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Sorry, there is one:
https://wise-funds.co.uk/our-funds/wise-income
They claim that New River can have the worst behind them.
So, maybe not zero, but almost zero :)
The article is not positive for New River as they praise offices and industrials for probable getting to normal after Covid. However it seems to claim retail has worse future as its problems are not related to Covid only.
New River has no warehouses. Most of assets are retail related.
Having multiyear experience on markets I see here quite extraordinary situation of having market segment on which everybody is pessimistic. Reading articles and fund managers interviews I did not notice anybody, I mean really anybody - absolute ZERO - specialists who are not negative towards UK retail. Absolutely everyone is pessimistic. I read it very positively for New River as usually market is wrong when it is so commonly agreed on something.
This is in fact one of the points of my investment thesis.
If central banks will be late with inflation pressure stopping we could have panic run from cash to real assets. With low real interest rates the rates from real (inflation protected) assets would be more valuable and that will compress yields.
On the other side retail oversupply and tenants problems would expand yields.
These two factors will be opposite forces to each other and you need to have opinion on which one would be stronger.
We will see.
Welcome to the club. My average purchase price is 103p. I started buying in December 2018, for 217p. My opinion then was that the business is not cheap, but SAFE. Lol :-)
Now I believe opposite. It is cheap but not safe :-)
I am contrarian and use to have concentrated portfolios so the position in New River is significant.
I am slightly optimistic and wish everyone here better days ahead.
For Intu I think the most reasonable option is debt-equity swap so the company might go on. Then, after things clear up, you might even not need to sell assets, creditors can just sell shares.
Results date is still not known but I would expect some communication from the company, other REITs are reporting.
And - as I remember correctly - Land Sec retail is 22% down and British Land is 25% down. Look in their reports.
The question is if New River assets are more or less resistant than mentioned above. I hope they are more, as premium facilities have probably less share of necessity shops, so maybe New River repricing would be smaller, but I don't know...
About pubs I do not know, but it is nice they do not sleep and wait for the worse but have ideas:
https://www.facebook.com/TheChestnutHorse/videos/vb.105573690809570/2863105140405096
Alternative use: I just support your question - it is of great interest to me also.