NewRiver REIT Live Discussion

PrefInvestor1 28 Jul 2018

Retail Severely Out Of Favour Right Now Hi All, I have been watching NRR for a while having sold out at 270 prior to their last results. Had been considering buying back in if it went below 270 again, but have changed my mind about this in recent days. They have made various upbeat announcements but recent developments at the retail REIT big boys INTU and HMSO have definitely put me off. INTU plunged to an all time low this week after their trading update they and may go lower yet on falling retail property valuations. HMSO have apparently put some 13 retail parks up for sale under pressure from shareholders to minimise exposure to this area of the market. Latest news from NRR is that they are busily acquiring more retail parks but that their average rental income is falling – but they have increased their dividend by 3%. INTUs dividend is over 8% now, but that’s of little help with the share price dropping severely. Deutsche Bank have set a price target of INTU of 150…… Better off investing in AMZN right now methinks !. ATB Pref

devonplay 18 Jul 2018

NewRiver: shopping at your convenience I haven’t checked the short positions for a while, but I will. Agreed, not a stock to have 110% of your money, but it plays a good part in a portfolio. I’ll be buying more, possible VOD, in August from July’s dividends. DL

Greyinvestor 18 Jul 2018

NewRiver: shopping at your convenience Fine thanks Devon. We are all alone here! Sensible Q1 update today nothing much new. But when I check the list of shorters, they all seem to have sold out. So I guess that the shares have bottomed. We all understand the weaknesses of Retail and the dreaded Brexit. But the yield is simply huge. Long may they maintain it. A perfect annuity, in my opinion.

devonplay 14 Jul 2018

NewRiver: shopping at your convenience Good hearing from you Grey. Hope you are keeping well? Devon is beautiful at the moment, but a little hot for me. Agreed, it remains a hold for me. I’ll be adding when the IC frothing goes away. DL

Greyinvestor 14 Jul 2018

NewRiver: shopping at your convenience I like the latest acquisition announcement, but the wording is ambiguous. Does the yield % include the Aldi store or not? Still a Strong Hold for me. Tipped in The Times recently (if my memory is correct). I might yet add some more.

devonplay 13 Jul 2018

NewRiver: shopping at your convenience Given the lift in price today, guess they are! DL

devonplay 12 Jul 2018

NewRiver: shopping at your convenience Concentrating on convenience shopping avoids the pitfalls in the rest of the retail sector IC calling this a buy? DL

devonplay 11 Jul 2018

Promising RNS “Since the start of this financial year we have invested over £140 million across our core sectors of community shopping centres, retail parks and community pubs at a blended initial yield of 13% demonstrating our disciplined approach to capital allocation and our commitment to deliver growing and sustainable cash returns to shareholders.” Sounds good, at a suitable time I’ll be adding. DL

PrefInvestor1 15 Jun 2018

My REIT Alternative Hi again @hardboy. investing.com doesnt have a mid price field. Even if it did I personally wouldnt want to use that, if I cant get the actual selling price then Id prefer to use the Bid price. Underestimates the value a bit, but probably better than overestimating. As I say for a lot of updates I just use the investing.com “Last” price but if I want to be accurate then I do dummy trades to get prices, or wait till after close of business when the investing.com figures align with the closing auction UT price. As for my number of holdings, well I prefer more rather than less. No more than £6,000 in any one stock (often less) 20 different domains ATM (eg oil, pharma, utilities etc. No more than 10% of the portfolio in any one, REITS is my largest at 8% ATM. As for keeping track of them, well I scan the annual reports and trading updates looking for red flags. I keep abreast of the news here. But I am not a news hound and think that you can get spooked into inappropriate action sometimes if you are too sensitive to news. But everyone has their own methods. ATB Pref

Hardboy 15 Jun 2018

My REIT Alternative Thanks for the detailed reply, Pref. Who do platforms use the latest trade price rather than mid price? It’s OK with a small spread, but the old iii site did that too and it used to annoy me when I saw blue to find out the price had gone down, or visa versa (but not so much.) At least after close investing.co has believable prices: unlike the new ii site where if prices are shown they appear to be a work of fiction. What is the point of having a total portfolio gain calculation, if some prices are missing and it assumes a 100% loss? I must look closer at the site. Like you I’ve got a bout 50 holdings: which have come from disparate sources, but I am busy trying to rationalise them (and another thing why does a Scottish company used American Spellcheck on its posts? - It’s rationalise with an “s” dummy!) into 3 separate portfolios: one of 10 shares for income, one a strategic portfolio where I will mostly invest in funds - 15 holdings max; and one a stock picking portfolio, doing what I’ve usually done, trying to find brilliant businesses. An earlier comment suggested you had too many holdings to be on top of them all and looking at the number of REITs I’d agree. I haven’t looked in detail at the ones you hold, but I’m going to restrict myself to 2 property investments (maybe 3 in a transition phase.) The 2 I have at present are British Land & Shaftesbury. I’ve always liked the latter, and think central London will remain buoyant whatever happens in the wider economy as long as we don’t get a wave or terrorist attacks. B Land, I like, but worry about the Brexit effect, so I’m looking to offload, hopefully when the price gets a bit closer to the NAV; and that’s why I’ve been looking further afield. Good luck whatever happens. Not sure how much posting I’ll be doing on ii; but I’ve always valued your posts, so thanks for your input.

PrefInvestor1 14 Jun 2018

My REIT Alternative Hi @Hardboy, good to see another respected poster still here. I like investing.com for the real time prices but also because I can import it directly into my investment spreadsheet allowing me to do single click updates of my whole portfolio. Such updates are only approximate as the prices that you get may be either the last buy or sell, so to get a full accurate update I still have to do dummy trades. But after the close a one click update is accurate. Not too much chat in this topic about REITs, mostly mecsaying how I think NRR is too volatile. Might be ok if you can get in at ~270 as the results not long ago were pretty good. I have been looking around for a less volatile alternative had picked FCRE and just bought today. I also hold:- INTU bought thus after the Hammerson merger broke down, Thought it was worth a punt as good yield and trading at ~50% NAV. RGL nice yield, divi fully covered, but pride unexpectedly dropped to 95 just lately, not sure why… AEWU again nice yield, pretty stable, smaller than RGL WHR newish warehouse REIT. Just paid its first divi, expected yield ~6%. and FCRE of course. Pretty small, yield just under 5%, pretty stable price in the range 99-109p over the last 12 months. Sorry I can’t remember the exact market caps, LTVs, vacancy rates and div cover figures off the top of my head. I have them in my investment spreadsheet but that’s on the PC and I’m on the iPad right now. Don’t have overseas REITS ATM. Will take a look at your suggestion. ATB Pref

Hardboy 14 Jun 2018

My REIT Alternative Hi gents, I’m on here because Keith suggested I look at the posts about ii’s new site and alternatives. Thanks for the discussion. I’m not sure I can add anything. I know the Investing.co site & have been using it a lot this week to give me accurate prices as opposed to the fiction ii seems to publish in the bid price column (when there are entries.) It doesn’t give me quite what I’m looking for, but maybe I need to have a more detailed look. Having said that I’m glad I joined this discussion as I’ve been looking at REITs too. Currently all my property investments are in the UK so I am looking to diversify to some invested in overseas markets, as until Brexit is done & dusted I worry for UK based investments. (Although I am invested in H&T - a UK pawnbroker!) The one I am now following in Schroeder’s European Property (SERE) - just throw it into the discussion in case you are looking outside the UK too.

PrefInvestor1 14 Jun 2018

My REIT Alternative Hi KK. Suggest you avoid using Epic codes because as I said they use their own codes. Try searching by name ie “Canadian General Investments”. Tried it quickly myself, found it ok - but no London listing shown only Toronto. Price looks to be in CAD ? ATB Pref

Kool_Keith 14 Jun 2018

My REIT Alternative @PrefInvestor1 now listed 99% of share/fund holdings that currently hold in isa & sipp with investing.com. Need to try and add the pensions next but enough for 1 day! If you’ve got 5 minutes I’m struggling finding/adding CGI there, any ideas?

Kool_Keith 14 Jun 2018

My REIT Alternative Thanks for that Pref I’m sure that’ll help was rushing before so will take a bit more time and care with it. Fingers crossed. Hopefully fcre won’t go any lower and if that’s the case the slight difference in purchasing price won’t keep you awake.