IMO the reinstatement of the divy has stabilized pps which was one of the goals of the reinstatement. would be much greater selling pressure on nct shares in the current market environment without nct paying a divy. good timing by management.
It really looks like the stockprice is anticipating on a announcement of the board like the dividend-level.
I hope this announcesment comes ultimately sept. 20th bacause
of specific personal trade reasons.
It's nothing the last 2 weeks, bút nevertheless the stockprice does not loose related to the market.
fun--agree per also looking for 5c increase and if no increase or less tha 5c means Euro mess causing nct problems and/or will be a problem.
If going to increase divy, the sooner announced the better to stem the pps weakness imo..
At a historical 8% return, a 60c annual divy results in a pps of 7.50...
note that current pps yielding 8%
IMO if divy not increased by at least 5c it is an indication that the current widening of credit spreads and overall developing problems with the global economy are adversely effecting nct...will be surprised if book value increases for 3q and may decrease while net interest income(NII)should increase substantially.
Like others, I am expecting a divy announcement before the end of September.
Unil the divy announcement, nct pps is clearly at the mercy of Euro debt mess...
Other REITS in similar space have announced dividend cuts the past 2 days. IVR went from .97 to .80 and CYS went from .60 to .55. Granted the businesses are not exactly the same but the trend is there. Expecting AGNC to announce this week with NO dividend cut ($1.40) and NLY soon, again with steady dividend. These 2 companies weathered the 2008 meltdown unaffected.
Oh I absolutely agree with you on oil. High oil prices were the spark back in 2007 that started one hell of a fire. We are seeing it again now. The past 6 months have had high oil prices and look where we are now. There are always other factors, but oil prices are one of the few consistant ones. Inconsistant oil prices are the cause for poor consumer sentiment along with the volatile markets, but the two go hand in hand. NCT is where it's at and patience will prevail.
Yes idd. Rabbies:
That's what is also asking myself?
Which sector is attractive to hold or to step in/accumulate now, after the min-crash.
A lot of oilstocks have almost lost 50% of their value last weeks but i think the oil is the most important reason for world economic problems.
I thinks it is more attractive to stop in REITS because of the (required) dividend they pay.
Most oilstocks do not pay dividend and are more risky because of their uncertainty in proven reserves.
I'm long too. I guess Sander is overly pessimistic possibly. Although, adding more shares at this price is almost unresistable. I'll be adding a few more this week coming up. Before this little minnie crash we had, I recall so many people saying stocks were over priced (analysts and other types with a couple of cents). Maybe, just maybe, value investment will take hold and NCT will be a prime option for investors. Who the h knows. We'll see, hopefully within a month or two.
Fact was that Newcastle yesterday performed very well wit a decline of 0.65%. Related to other REITS (NRF/RAS/GRT) declined much more.!
I buy some extra shares next week, unless there is coming vey bad news en indices stay very volatile.
Actually i think you can better be more negative for all stocks in the short term than positive.
EPS estimates were already cut prematurely for 2012 with expectations of increased interest rates. Recent announcements from the FED insured the "at zero" rate up to or through 2013. This news was released about 1 week after some REIT bashing by several analysts along with lowered EPS estimates. Simply put, they spoke too soon. Drastic events would have to take place to get EPS estimates lowered again as they are likely too low as is. I agree $4 looks to be a solid bottom for NCT. There is a possibility it will go lower if volatility remains high, but I don't think it would stay there very long. S&P charting/indicators suggesting bottom is not far away as well. 1.5x-2x divy increase should easily pull NCT up into the 6's and maintain it. Then when the markets finally go bull as they will eventually, NCT should move up fast.