Member Info for smorrisjones

Remember a lot more shares in issue now .........

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.

I Agree with you mate. Would be my best option and most shreholders to ti would imagine. Specially at such a discount to NAV at the moment.

Yes that would be a great result.

A buy back would suit my adgenda. Next couple of years will be interesting for sure. A lot of companies are buying their shares at the moment.

Morning,

Currently I believe NRR are allotted to purchase 10% of the outstanding shares. They may of course be able to apply to buy more back which may return some capital value to shareholders.

Finding high yield retail parks will now be a great challenge as everyone is looking for them. They would be better off buying a site and building a new one for a greater return. I consult for LondonMetric and British land on the retail side and this is what they generally they do. They also currently have high occupancy rates and some retail stores are turning into leisure stores where deemed appropriate.

Also believe after the last disaster and eye off the ball situation NRR have found themselves inn. The company should retain a minimum of 25 million in the bank for general working capital and to allow them to progress stage 1, 2 & 3 aspects of planning development works.

That’s my take on it anyway ?? hopefully the next update or shareholder presentation will outline where we are going moving forwards.

Ex Divi Date. share price generally goes down in relation to the releasement of the Divi.

With the sale of the retail property they must be close to sitting with 150 million in cash. It will be intersting what they do and where they go from there. I'm very suprised they havent baught any shares back as of yet which may be high on their agenda ???

Considering the the market drop NRR is holding up very well. What are your thoughts gents ?

The problem is Kefi never delivers generally on what they say they will do, hence a negative market reaction. If the development money gets into the bank this will be a massive step forward and I believe the market will react well as a lot of people will be then investing on certainty that the company is delivering. Cash is king and Kefi hasn’t got a lot of it. Great assets but no money.

a Terribly run compnay. Hardly ever makes a profit. Capital raise after capital raise. Shocking.

It’s not pathetic its realistic. Would you pay 2 Billion for a company that’s not making profit. There’s no guarantee that they will ever make a profit like many other companies on the stock market.

So many companies are just lifestyle companies where billions are invested and never see a return. The market doesn’t respect these companies anymore. The market wants true value not falsified glory hoping valuations.

This company is currently far too overvalued considering its not even making an operating profit in my opinion. I’m guessing the current MCAP is heavily weighed on future positive possibilities and opportunities.

Its a shame but i think it is for Kefi in respects to Ethiopia. Just flogging a dead horse now. What is the target in terms of receiving revenue from the saudi assets instead of diluting shareholders again again and again.

I reckon £3 million a day they will be losing to compensation claims.

However I do agree with you loss making observations also. OIL and Refunds are also going to be a big burden for a while. Easy jet are also suffering. I reckon they are loosing 3 million a day just on refunds alone.

I personally think debt will play a bigger part in this companies failings than obviously you do. The debt undertaken has completely smashed the balance sheet and the Nav and that is going to cost a lot to repay just interest alone. Losses have increased and so has the borrowing. Not good.

Perfectly aware of the cash balance but you point is irrelevant. There is still a large debt that needs to be paid and year on year interest payment that will need to be made.

Your looking at it as a LTV perspective I'm looking at at as a high cost item which will hurt ongoing profits.

With the amount of debt this compnay has taken on this will only relate to big interest payment which will effect Profits going forward. They will either have to raise money via a big placement or significantly improve revenue to pay off the debt.

They are disappointing but as the revenue is supported by a 30% margin which is pretty solid. They are constantly reviewing costs reducing debt where possible and continuing to explore further opportunities. The only issue is whatever they now buy will not be at a great yield as everyone wants to buy retail parks. I'm amazed they don't build more retail parks like my work clients London Metric.

Agreed. The market just doesn't believe in the company as much as the direct obviously do. I wasn't to impressed with the figures myself to completely honest but at least they where stable. UFFO may be around 30 million if they re invest capital for more retail parks and so on. Still think this is cheap though .......