In_the_dark_yet_again
27 Nov 2018
Results and Rights Issue LSE:GRI Record date of 28th Nov but ex-rights date of 3rd Dec… meaning the brokers will have their work cut out sorting out rights for those sold today, tom, Thursday and Friday. It all gets a bit awkward when they do it that way. Anyway a pain so I’ll wait until Monday to sort out my position. Regards, ITDYA, probably talking to myself again
In_the_dark_yet_again
14 Nov 2018
Results and Rights Issue LSE:GRI [[link] The results are solid but overshadowed by the acquisition and the depressing Rights Issue. Bang up the dividend by 8% or 0.4p in actual cash then come bask asking for 83p a share in new cash back from us. (7 for 15 at 178p is the proposed RI). True they couldn’t raise the cash from retained earning but the gearing here isn’t massive… anyway the board have committed themselves and the only practical way they see they can achieve it is with a RI. Redord date for the RI is close Wed 28th Nov so (if I can still count) 27th with be the ex-Rights day. Me, I will take up my rights but is a pretty cash neutral way, i.e. I’ll be selling share to fund the rights on the remainder - I’m not convinced I want to be putting new additional money here, not at the moment so it’s usually the best (i.e. least painful way) to maintain your investment in £ terms. [[link] if you want the details of the RI. Top of page 3 has the nitty gritty with page 4 the timetable. Regards, ITDYA… I hate Rights Issues!
The Revenge of Meredith Hunter
29 Apr 2018
Re: Transformational year for GRI The share price has motored ahead in the last few weeks to 311p, breaking out of that trading band.
In the dark yet again
03 May 2017
Re: Transformational year for GRI Delayed response: just doing my May reviewTransformational year it was, sort of, but not wholly in a good way....Firstly that was last year. I'd be much more interested in info about this year... or nextSecondly, you always have to look behind the numbers with GRI. One of the big issues for me is that they were forced to renegotiate new rents (obviously higher) when many leases expired, not obtain vacant possession and sell, as per the original plan - that's where the real money is - buy it with a long-term sitting tenant and then sell it when it's empty. They dress up the increased rents as a good thing but it just delays the real juice by often up to 20 years - that assuming they can even get sitting tenants out then. In the meantime the rents are still substantially below the 'full' (standard 6 month let) rate even if higher than last year.The share price says it all - pretty much unmoved over the year despite this 'great transformation', still very much stuck in/near it's 200-250 trading range of 3 to 4 years now.They do talk a good story though.Regards,ITDYA
Sambram
11 Aug 2016
in line trading update, no brexit impact N+1 Singer's view on Research Tree"Grainger has issued a trading update covering the 10 month period YTD to the end of July. Rents have continued to grow on both new lets and renewals, whilst sales completed year to date, and in the pipeline, are as expected. Sales transactions are performing well with prices realised 7.7% above the last valuation, and no material impact post-Referendum. We note continued progress towards strategic goals: PRS investment and capturing cost savings. We leave our forecasts unchanged. We continue to believe that Grainger should trade at a small premium to NNNAV given the opportunity in the PRS pipeline – our 320p target price equates to 1.1x P/NNNAV."
El Kel
01 Jul 2016
Directors buying Some recent director buying activity;[link]
nk1999
22 May 2016
Numis From Citywire:"Grainger benefits from private rented market Residential landlord Grainger (GRI) has improved efficiency and focus and is making good progress against its targets. Numis analyst Chris Millington retained his ‘buy’ recommendation and target price of 287p on the shares, which rose 2% to 232.5p yesterday. ‘Grainger’s first-half results show good progress against all the targets set out at the recent strategy day, with most noticeable progress in the private rented sector pipeline,’ he said. ‘In our view the 24% discount to net asset value Grainger trades on, fails to recognise the benefits that will come from switching to a more income-focused private rented sector model and that the business is better placed to capture this value.’He added that Grainger was ‘emerging at the forefront of a growing private rented sector market, which offers greater stability of income/cashflows and reduces volatility in relation to house price fluctuations’. "
II Editor
05 Feb 2016
NEW ARTICLE: Insider - Three chiefs make maiden purchases "Buy! Buy! TalkTalkLast year's very public cyber-attack inflicted heavy damage on LSE:TALK:TalkTalk's share price, although a recovery, which began just last week, looks promising.In a third-quarter update, chief executive Dido Harding told us the ..."[link]
II Editor
13 Aug 2015
NEW ARTICLE: £1bn landlord Grainger keeps growing "As the UK's largest listed residential property owner and manager, LSE:GRI:Grainger has prospered during the latest housing boom. In the past three years its share price has tripled, and with uncertainty surrounding the outcome of the UK general ..."[link]
El Kel
06 Jul 2015
Crystal Amber targets Grainger Crystal Amber declared a 3.08pc shareholding in Grainger, sending shares in the residential property company higher. Residential property company Grainger jumped after activist investor Crystal Amber declared a 3.08pc shareholding in the company. Rumours surfaced at the weekend the activist fund was interested in realising £500m of Grainger’s future profits, known as the “reversionary surplus”, which includes, but is not exclusive of, regulated tenancies. [link]
nk1999
01 Feb 2015
Mail-Midas "....... ity analysts invariably use net asset value per share to work out how much property firms are worth. This involves taking the value of a portfolio and dividing that by the number of shares in issue.Grainger’s underlying NAV per share was 242p last year and brokers expect it to rise to at least 258p in 2015, with further gains for 2016. Many stocks trade at a discount to NAV, but Grainger’s is not only higher than most – it is much higher now than in the recent past.Midas verdict: Grainger shares were 250p last spring but have fallen to 194p on fears about the housing market and political uncertainty ahead of the General Election. The reaction seems overdone. Virtually all its homes are at the reasonably priced end of the market and even its London-based properties are worth less than £500,000 on average. The trading statement could reassure nervous followers. Grainger is well with the times. Buy."Read more: [link] Follow us: @MailOnline on Twitter | DailyMail on Facebook
