Grainger Share Discussion Threads

[ny boy] 26/4/2010 13:11

Weak Positive Candidate -Medium term, Apr 19, 2010 Analysis Explanation
GRAINGER PLC is within an approximate horizontal trend, which indicates further development in the same direction. The stock has marginally broken up through the resistance at pence 138. An established break predicts a further rise. The stock is assessed as technically slightly positive for the medium long term

Resistance is at 180p, looks like that's the short term (next few months) price target.

[ny boy] 26/4/2010 11:16

Ticking up again, surprised not many have twigged here! "1" trade could well be a buy signal?

[ny boy] 23/4/2010 13:02

Nice to see a gradual tick up, should move above 200p this year, locked in here for a long term hold to play the UK recovery story

[ny boy] 22/4/2010 21:55

Tipped last week....

Grainger is the largest listed residential property landlord in Britain. The Independent on Wednesday wrote that it is confident Grainger's management can continue to make progress and had suggested the company a hold at 145p last year. With Merrill Lynch describing companies net asset value of 145p as a "trough". Grainger is beginning to look like something of a bargain says the Independent who recommend buy.

Meanwhile, the Daily Telegraph commented of Grainger that the company is not exposed to fragile new-build markets and is sheltered from the worst effects of a slump in the market because of its focus of buying low-value homes in need of modernization. Company has a strong liquidity through to 2012 and only a 35% drop in house prices would breach the present covenants, writes The Daily Telegraph who remind that the shares are undervalued by 30% according to JP Morgan. Buy says the Daily Telegraph.

[wolterix] 22/4/2010 16:01

that's the fellah

[ny boy] 22/4/2010 15:59

The council's development partner, Grainger/Helical Bar has set up a special company, called King Street Developments (Hammersmith) Ltd, and has spent the past few months preparing the essential technical details that will make the project a reality.

The company's timetable includes submitting a planning application in 2010 and completing the project by 2016.

[ny boy] 22/4/2010 15:56

Will check it out, just noticed they have an rns out for their results next month, I expect plenty of interest here.

[wolterix] 22/4/2010 15:45

they will be submitting a planning app for Hammersmith Town Hall over the next month or so, I would think?

[ny boy] 22/4/2010 15:34

Looks very appealing going forward, already in recovery mode. Must have in my portfolio!

[sandbank] 18/12/2009 14:39

Today's Investors Chronicle says "What excites us more in 2010 are the non-housebuilder plays on residential recovery. Grainger is no longer the only choice though we still like its geared recovery potential"

[thaiger] 04/12/2009 18:00

Peel Hunt increased short to 1.22%!!

[peterev4] 03/12/2009 14:45

Encarter - Just a little out on your forecast !

[encarter] 02/12/2009 12:05

Shorters are in. Looks like 80p is on the cards.

[encarter] 02/12/2009 10:11

These have been as low as 70p this year so with the rights that gives an average of 80p.

[steadyitgoes] 01/12/2009 20:47

Article on GRI:

[typo56] 01/12/2009 13:28

Even taking account of the ex-rights it seems to have dropped a long way today.

Aren't the terms 2 for 1 @ 90p. From yesterday's closing auction price of 253.1p I calculate a parity ex-rights price today of 144.37p. However, I see that it rose about 10p in the auction. Even so, 134p now is equivalent to just 222p yesterday.

[encarter] 01/12/2009 10:40

Will still drift lower as even directors intend to tail swallow.

"Each of the Directors and members of the senior management team intends either
to take up in full his or her rights to acquire New Shares under the Rights
Issue in respect of his or her direct registered holdings or to sell sufficient
of his or her rights during the nil paid dealing period to meet the cost of
taking up the balance of his or her entitlement to the New Shares"

[sandbank] 01/12/2009 08:53

Ex rights as of today - hence the lower sp

[iomhere] 05/11/2009 14:20

Isn't the discount more to do with getting the rights' issue away and underwritten? Not that it mightn't be a bad idea.

I've watched these from the dark days of a year ago when I was put off buying because of doubts about its survival. That doubt's been cleared so perhaps buying the new shares (free of stamp and presumably the costs of issue reflected in the price) after today's slide comes into the reckoning.

I'm assuming that today's fall is because some shareholders have sold to fund their rights' as well as a few who don't like the fund raising or don't fancy seeing their holding diluted because they won't be taking up their entitlement.

[sandbank] 05/11/2009 12:54

WISEACRE: How right you were! - But at more than a 40% discount - so well worth taking up IMHO

[wiseacre] 08/10/2009 19:00

Being fattened up for a rights issue I'd say. Mind your eye!

[cockneyrebel] 06/10/2009 19:18

Had a big spike up 15p+ at one point today. Having broken out and taken off I think these will go to 375p from here.

CR