Share Name Share Symbol Market Type Share ISIN Share Description
Grainger LSE:GRI London Ordinary Share GB00B04V1276 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30p -0.13% 230.00p 229.30p 230.00p 231.40p 227.60p 228.00p 1,443,080 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 244.1 50.0 10.4 22.1 958.64

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Date Time Title Posts
11/8/201613:43Home in on the Grainger for profits from bricks & mortar & tenants (GRI)394
22/12/201214:29*** Grainger ***1

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Grainger (GRI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
30/09/2016 17:01:57229.4219,21344,078.03O
30/09/2016 17:01:56228.452,5905,916.73O
30/09/2016 16:43:17229.3963,606145,908.96O
30/09/2016 16:43:11229.8065,241149,923.73O
30/09/2016 16:40:41230.007,77017,871.00O
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Grainger (GRI) Top Chat Posts

DateSubject
30/9/2016
09:20
Grainger Daily Update: Grainger is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker GRI. The last closing price for Grainger was 230.30p.
Grainger has a 4 week average price of 228.54p and a 12 week average price of 222.95p.
The 1 year high share price is 253p while the 1 year low share price is currently 193p.
There are currently 416,800,044 shares in issue and the average daily traded volume is 464,605 shares. The market capitalisation of Grainger is £958,640,101.20.
19/5/2016
11:28
strathroyal: New policy appears to make a lot of sense. The equity release division was presumably making little profit after finance and admin charges so that the return was not acceptable. Hopefully the share price will pick up with the revised dividend policy and also the activist interest from Crystal Amber but I'm certainly happy with today's results and presentation.
25/9/2015
10:41
shauney2: Share price looking very firm. An interesting take on Grainger from activist investors Crystal Amber who hold a 3.45 stake. "Grainger was established in 1912 and is the UK's largest listed residential property owner and manager. Its traditional reversionary business is based predominantly on regulated tenancies, which provide substantial, high quality, predictable and resilient cash flows. Its portfolio of 7,400 reversionary assets has a carrying value of GBP1.5 billion. Properties revert vacant to Grainger after an average of ten years. As these properties become vacant, Grainger estimates that they will generate a surplus of GBP500 million, equivalent to 120p a share. This embedded value is the difference between today's market value compared to the vacant possession value at today's prices. It does not reflect any future benefit from house price inflation. This portfolio is expected to generate GBP120 million of gross cash each year until 2030. Grainger also owns 8,400 properties as part of its market rented portfolio valued in excess of GBP1.1 billion. The cash generated by the reversionary business is recycled into Private Rented Sector (PRS) residential developments. Grainger is the UK market leader in equity release schemes principally for retired home owners. It also owns 3,000 homes directly and 3,000 homes indirectly via a joint venture in Germany. Trading results for the six months to 31 March showed a 3.8 per cent advance in the value of its UK residential assets, compared to 1.9 per cent for the Halifax and Nationwide indices. Grainger acquired or exchanged contracts for GBP 87 million of properties to add to its reversionary portfolio; purchased a new build to rent scheme in Canning Town, London; achieved planning consent for build to rent projects at two further sites; and completed another scheme in Barking, which is now fully let. The company expects to complete around 1,070 market rented units over the next two years. We believe that Grainger's portfolio, providing visibility of cash realisations through to 2030, represents an attractive asset for an insurance company seeking to match this asset profile against long- term future liabilities. Despite a recent reduction in the average cost of debt from 5.1 per cent to 4.6 per cent on Grainger's GBP1.1 billion of debt, we believe that in the current interest rate environment, there remains further scope to secure better terms for shareholders. We also believe that annual administrative expenses of GBP35 million are excessive. This equates to an administrative expense ratio of 3 per cent on GBP1.2 billion of net assets, which is substantially higher than its peer group. Since first investing in June 2015, we have engaged with the chairman, the outgoing executive team and other senior participants in the property sector. We believe that our comments about the need to reduce both operating and finance costs together with a tighter, more focused strategic direction have been well received. In August 2015, the company announced that it would explore the disposal of its German assets. The Fund regards this as a helpful first step to refocus and simplify the company's structure. The company also confirmed that the new CEO would arrive earlier than previously announced and that the Finance Director would retire" The German assets were previously valued at £300 million.That could have grown since.
17/8/2015
12:03
coby4: article doesn't actually understand what a regulated tenancy is by the sounds of it - you don't "allow" a regulated tenant to pay under market rent - the rents and the increases allowed are set by the local Rent Officer - you don't get a choice. they will be below market rents for the duration of the tenancy - they don't normally leave unless they die and there are some circumstances where the tenancy can be passed on - hence the discount to open market value of the property which can only be realised when sold when its vacant - so no matter who might buy the company they still couldn't cash in on that reversionary surplus. the other half of the assets are from equity release schemes. puchased at an even bigger discount because there is no rent payable and the occupant has the right to stay until they die. cant cash the reversionary value in there either a lot of good news around with this company and no real reason its share price should lag so far behind its value good to see some refinancing and look forward to a better dividend!
17/8/2015
11:11
hyperboreus: Agree with you there u813061, weekend press comments fuelling the rise this morning no doubt: Private equity outfits eyeing potential bid for Grainger, report says By Alexander Bueso Date: Sunday 16 Aug 2015 The pressure on the management team at Grainger to increase its payout to shareholders is growing as private equity groups run the rule over the outfit in preparation for a possible bid. According to The Sunday Times private equity outfits are studying both a possible full-scale takeover or piecemeal asset sales. The report came amid recent strong trading for the £1bn residential property landlord which specialises in regulated tenancies, purchasing properties at a discount while allowing their owners to live in them their entire lives at sub-market rents. On 13 August the firm, which is listed on London's second tier index, said that in the ten months ending on 31 July rental increases had averaged 6.0% on a like-for-like basis on new lets and 2.3% on renewals, compared with 4.2% and 3.2% in July 2014. The company, which is carrying nearly a £1bn in net debt on its balance sheet, recently refinanced its debts. Together with its investments in market rented assets, financed from its reversionary assets, and a simplified structure, that would allow the outfit to be able to improve its profitability, and boost its payout, analysts at Numis said in a research report e-mailed to clients that same day. "It would enable Grainger to improve distributions to shareholders, which in turn should help the share price close the discount to net asset value." The Newcastle upon Tyne headquartered firm also disclosed it had named investment bank Lazard & Co in Frankfurt to advise on the disposal of its wholly-owned residential property assets in Germany, which it described as "non-core". Grainger also accelerated its plans to renew its top ranks. Helen Gordon was now set to join the company as CEO designate by 1 December, earlier than previously stated. In parallel, it was announced that Mark Greenwood would retire as finance director at the end of December 2015. Year-to-date shares of Grainger were sporting a rise of 30% as of the close of trading on 14 August, versus a gain of 9.5% for the FTSE 250.
17/8/2015
10:20
u813061: Nice breakout to 5 year high. This is a one way bet as share price is close to reported net asset value yet there is plenty of opportunity to be unlocked as activist funds are already putting plans in place.
06/7/2015
19:46
coby4: 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
07/5/2015
15:01
trytotakeiteasy: What is going on here then... share price seems to be falling a fair bit.. Labour's rent control plan?????
20/11/2014
10:22
scburbs: Great set of results, not much of a response from share price yet. Presentation is on website. hxxp://www.graingerplc.co.uk/~/media/Files/G/Grainger-Plc/results/full-year-results-presentation-2014.pdf
19/2/2013
18:25
coby4: Grainger featuring in a lot of articles at the moment and the share price heading the right way finally
17/5/2012
07:58
naked trader: Some good results here today. Large discount to NAV but with market sentiment I doubt we will see much of an improvement in the share price over the coming weeks although when property prices do start to significantly rise this will follow quickly.
Grainger share price data is direct from the London Stock Exchange
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