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Management shows no conviction as stock drops like a stone. This is puzzling!

Encouraging update on the liquidity position that shows NRR is a survivor. Any thoughts?

The Market reaction confirms that this is a strong buy. This stock despite reporting that it is fine and good prospects without being lumbered by the problems of the retails sector like Intu and Hammerson still remains subdued. It is being painted by the broad investor brush which fails to differentiate dust from grain. That is a buying opportunity. The gloom over the sector still prevails and smart institutional investors fail to differentiate because they may look imprudent in an ‘obviously doomed’ sector. Look carefully, folks

You have to wonder about Warren East’s commitment to Rolls Royce taking up a no executive role at ASML. Looks like he has given up and preparing his nest for rest. Very bad signal for RR which needs to signal confidence rather than withdrawal. Where is the Board on this?

I agree that they management should focus on the intrinsic value of the business, But it is an important capital allocation question when the yield on the stock is 14% while property that they can buy yields 8%. or so. Also, I would like to see a stronger alignment of interest with shareholders.

Woodford reduced below 3%
July 11 (Reuters) – Woodford Investment Management Ltd :
Woodford Investment Management Ltd Cuts Stake To Less Than 5% From 11.84% In Newriver Reit Plc As Of July 07-filing

Think he is all out now. So, the continuing all in the stock price defies the fundamentals you talk about that I agree with. Management needs to signal if they care ablout the share price. Question is, do they?

Woodford was all out mid July. It is a puzzle as to why the stock should keep dropping. It is even more puzzling that there is no buy back and in fact the management sold shares , not giving a good signal.

THE CEO sold stock from exercising options to pay fot divorce. Explains why management not buying. Anyidea why the stock sold off 6p today?

The CVAs are very low. NRR has low exposure to department stores, casual dining and high fashion, sectors which have experienced high levels of CVAs. The question is whether they have pressure from the likes of Poundland to reduce rent for competitive reasons. Pundland repreents 1.9% of their rent roll.

NAV is likely to fall but that is because valuers will mark property values down in a bearish retail environment. There are few transactions. But NAV fall is unlikely to be 40% for aportfolio with high occupancy and affordable.

Hmm!

Yes, looks that way. It would help reduce the uncertainty if management bought shares and showed confidence in the company's position and their strategy. They own very little and so do not appear aligned.

But they dont hold a lot of stock. In any case, with the last NAV at 261p and current share price now at 174p after the selling by Woodford, one would expect significant buying as long as the fundamentals are still stable.

There is a thinly veiled warning by the company. Investors should take heed that the consensus EBITDA of £410m for 2019 is subject to restoration of the capacity market an£ payments. That is £68m.

Benign Trading Update today. Tells you the share price fall was to do with the Woodford selling pressure. Why wouldn’t management buy?