Grainger Share Discussion Threads

[shauney2] 13/8/2015 07:51

Think you sold a wee bit too early based on that positive update.Looks like they taking heed of the instituitions and realising more value by selling off their German business.

[brahmsnliszt] 11/8/2015 13:28

And out today.Nice little earner.

[brahmsnliszt] 30/7/2015 09:24

Been a star performer recently for me.

[coby4] 08/7/2015 21:53

tax relief on buy to let? if the industry stumbles it may impact but still too few properties around to satisfy demand especially in the south where grainger are more focused now

[dlku] 08/7/2015 14:15

how does mortgage rule change this?

[coby4] 06/7/2015 19:46

Just goes to show they don't actually understand what the portfolio is comprised of. The reversionary element they want to get their hands on is there because the majority of the properties are occupied by protected tenants with security of tenure, Without vacant possession that can't be taken advantage of. Share price is lower than it should be though. I doubt they are going to lose too much sleep over a 3% stake. There are investors with much higher stakes

[shauney2] 05/7/2015 08:52

Going to push it even higher now hopefully.

Bidders stalk the U.K.’s top landlord Grainger in ‘£1 billion takeover’ after investment group Crystal Amber takes 3% stake: Grainger, Britain’s largest market-listed landlord, is being circled by potential bidders considering a £1 billion-plus takeover

[yf23_1] 29/6/2015 12:42

Crystal Amber stake pushing this break higher from 220 resistance.

[daveb12] 03/6/2015 15:27

This is more of a rent portfolio rather than property building therefore if lots of houses being built debateably there may be less of a demand for rentals??

Personally i am lookng at this as a slow grower. As long as they continue to increase properties in right locations, up sell each unit either existing old or new, add some some value and occasionally sell off chunks of property at a nice profi, it should be a good business. From listening to the AGM I think this is what they are trying to achieve.

Looking at a nice 5/10% growth earner over the years with an average divi.

Once the next set of results come out without all the one offs there should be a nice improvement as well.

The other building companies loking good at moment but much more upside? and possibly sell offs/profit taking?

[trytotakeiteasy] 03/6/2015 14:22

Strange that this is weak given UK house price momentum. Probably interim results were underwhelming with the NNNAV dropping to 240p.

Housebuilders have certainly rallied since the election but I think Grainger is flat. Any thoughts?

[daveb12] 18/5/2015 06:49

AGM appeared to go well - appear pretty confident - looking forward to next update on numbers which hopefully will be back to normal with no 'one off' costs

[jaws6] 15/5/2015 07:21

Yes ,you got it.
plus new project will bring in regular income too at some time next year.

[trytotakeiteasy] 15/5/2015 00:48

Was ok to listen too... one thing I think is that the loss in H1 due to the company the sold something too going under may be recovered over time.... so if it gets reversed in the second half this will help...

[jaws6] 14/5/2015 15:55

well good listen and says why .good to know few bits direct from them.
Deals to come ?

hxxp://brrmedia.co.uk/event/138623/andrew-cunningham

[trytotakeiteasy] 14/5/2015 09:22

Hmm not sure on results anyone remember what this was about?
hxxp://www.graingerplc.co.uk/~/media/Files/G/Grainger-Plc/Notice%20of%20resignation%20as%20Auditors.pdf

[daveb12] 11/5/2015 16:58

Jaws6 certainly would hope that this happens, common sense says this should seriously help their cause. Pleased at the moment I did not sell on the basis Ed might of got in.

[jaws6] 08/5/2015 07:46

well well now Labour out ,look forward to 14 for good result and back to 220

[grim] 07/5/2015 20:08

Daejan has also fallen 10%+ in the past week or so, so 'probably' is my feeling. Plus mansion tax concerns.

[trytotakeiteasy] 07/5/2015 15:01

What is going on here then... share price seems to be falling a fair bit.. Labour's rent control plan?????

[scburbs] 30/3/2015 10:14

"Grainger, the UK’s largest listed residential property owner and manager, has secured planning consent for two build-to-rent schemes outside of London, totalling 212 units, demonstrating that purpose built private rental accommodation is not exclusive to city centres but can be delivered in more suburban environments.

The two schemes form part of Grainger’s larger strategic land development projects – Berewood, Waterlooville (comprising 2,550 units) and Wellesley, Aldershot (comprising 3,850 units) – both located in Hampshire."

hxxp://www.graingerplc.co.uk/media/press-releases/2015/hampshire-prs.aspx

[huttonr] 11/3/2015 09:14

Thanks for the replies - somewhat clearer, I think.
Summarising:
1. £35M owed by Clifden - now in administration and the note says they are trying to assess its financial situation
2. Re-acquire ERIL share capital - net £21M plus possibly recovery of 'sums owed to Grainger'
3. Nil from interest rate caps - possibly legal case to come?

So, as scburbs says, probable loss of £14M plus legal costs and, hopefully, a rather more critical approach to future deals.

[jonwig] 11/3/2015 07:17

Have I misread? Sorry!

[cerrito] 10/3/2015 21:24

I agree with your reading scburbs in terms of the numbers ie £14m hit which presumably includes the 10% interest and may or may not include the £600k of management fees.
Financial aspect may not be all that great but takes up a lot of management time and one asks oneself how GRI Management got theselves into this situation.

[scburbs] 10/3/2015 20:41

They are taking back net assets of £21m vs a liability of £35m so looks like loss of £14m which is broadly a reversal of the £10m gain they realised on disposal.

Not a major issue relative to market cap and I expect the values of those assets has increased so assessment of net asset value may be on low side. The disposal was previously part of the gearing reduction plan, but given successful sales elsewhere not sure this is much of an issue.