Share Name Share Symbol Market Type Share ISIN Share Description
Gravity Diamonds LSE:GRN London Ordinary Share IE00BBR67J55 ORDS EUR0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0075 € -0.57% 1.31 € 1.27 € 1.35 € 1.295 € 1.28 € 1.285 € 45,450.00 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 24.9 24.8 21.5 6.1 904.36

Gravity Diamonds Share Discussion Threads

Showing 101 to 121 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
29/12/2016
04:46
2016 – The Great Irish Share Valuation Project (Part IV): Company: Green REIT (GRN:ID) Last TGISVP Post: Here Market Cap: EUR 926 Million Price: EUR 1.341 Back in 2014, I pegged Green REIT’s fair value equal to its initial EUR 0.967 NAV. Looking at the share price today, that might seem like an awful call…but I’d disagree. Because GRN’s a good example of a mistake too many investors make: No matter how confident you might be about a company’s prospects, overpaying doesn’t just reduce or even eliminate your margin of safety, it may also rob you of expected future returns. Case in point: While I expected Green’s NAV (& in turn, my fair value estimate) to appreciate, I’m impressed to see a total NAV return (inc. dividends) of almost 60% (18.6% pa) here since early-2014! Unfortunately, investors were happy to pay up at the time, so they must look back & reference a EUR 1.20 market price (which inc. a significant NAV premium) for performance purposes. Almost inevitably, that premium’s now evaporated, leaving GRN trading at a discount…so instead, shareholders barely realised an 18% gain (6.1% pa, again inc. dividends), less than a third of the underlying NAV return! On average, you’d expect a better return from the market itself (in fact, the ISEQ was a far better bet)…so much for capitalising on a great stock/story!? Overall, my valuation perspective hasn’t changed. Prime office yields in Dublin have moved lower (4.65%, per latest CBRE updates), with Green REIT close behind on a 5.2% portfolio yield. Obviously, Brexit presents a potential economic threat (& has clearly knocked sentiment)…but then again, the harder the Brexit, the more attractive Dublin likely becomes as an EU relocation/investment destination. And GRN looks well placed anyway, with 93% of its portfolio focused on Dublin, a 98% occupancy rate, and total gearing of just 19%. Applying a 1.0 Price/Book multiple, and adjusting for the recent annual dividend payment, we get: (EUR 1.52 Dil EPRA NAV – 0.046 Div) * 1.0 P/B = EUR 1.47 Green REIT looks marginally under-valued here. And I don’t consider the recent NAV discount swing cause for alarm – experienced investors should be used to a 10-20% premium/discount appearing on a regular basis, presuming underlying NAV looks realistic (which it does, based on current yield/other metrics). However, progress will be tougher from here on – not to denigrate the Irish REITs, but gains to date were primarily derived buying in bulk from the banks & NAMA at 7-8.0% yields & then progressively marking down portfolios towards a 5.0% yield. More active portfolio management, reversionary rent potential & development opportunities/gains will now become far more important. But despite this recent (& extraordinarily biased) Phoenix article, shareholders here can draw comfort from having Stephen Vernon as Chairman (of GRN’s Investment Manager) – his reputation in the Irish property market precedes him… Price Target: EUR 1.47 Upside/(Downside): 10% For related links/graphs/files & other TGISVP analyses/price targets: Google the Wexboy investment blog.
wexboy
18/6/2012
12:28
AMEX:GRN American Stock Exchange http://www.ipathetn.com/static/pdf/grn-prospectus.pdf BB for the other carbon ETF CARB http://uk.advfn.com/cmn/fbb/thread.php3?id=19929823
praipus
22/11/2010
11:44
Some winners, some losers, will update the header shortly - also adding Hydrodec to the list.
shroder
13/8/2010
07:57
Interesting technology Jinan Eco-Energy http://www.jnybhy.com/eco/en/
shroder
14/5/2010
06:32
All charts updated and OPP added. Origo Partners have significant exposure to the growing battery technology in China through their direct investments. Another qualifying investment is their substantial holding in biofuel producer, RIBEC.
shroder
13/5/2010
15:44
before i change all the charts in the header is there a way for them to auto update?
shroder
13/5/2010
12:26
Will add OPP later
shroder
13/5/2010
12:08
Forgot about this thread, will update this week. It's good to see some of the potential being recognised with FGN being bid for rather than valuing some IP based companies as supermarkets. TyraTech is a prime example with $14m invested by one partner alone (Kraft)
shroder
17/6/2009
08:10
have added Photon Photo Stock index to the header, not quite sure how its calculated but it s up there -
shroder
15/6/2009
08:08
Thanks napoleon, have added spgh to the header - Going to change the charts soon as not updating
shroder
15/6/2009
07:33
Good thread! How about SPGH?
napoleon 14th
15/6/2009
06:44
Wind farm boost for Scots firms The Clyde wind farm will be capable of powering more than 300,000 homes More than £200m of contracts are to be placed with Scottish firms during the construction of Europe's largest onshore wind farm in South Lanarkshire. First Minister Alex Salmond announced the figure during a visit to observe preparatory works at Clyde wind farm. When complete, the 152-turbine facility near Abington will be capable of powering up to 320,000 homes. The £600m scheme from Scottish and Southern Energy is expected to create 200 jobs during construction. The wind farm is expected to be completed in 2011. The phased build will see turbines erected in clusters on either side of the M74 motorway. Mr Salmond said the turbine towers for the Clyde wind farm would be supplied by Welcon Towers at Machrihanish - an order worth more than £10m. http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/8097181.stm
shroder
07/6/2009
19:06
Have added charts to all those companies posted - At first glance there does seem to be a certain commonality with most of the charts gently edging upwards It would be good to have a sector chart, will see if I can dig out one -
shroder
04/6/2009
06:41
Energy giant boosts wind farm portfolio: Scottish & Southern Energy announced the acquisition of another wind farm site, confirming its determination to press on with acquisitions despite the financing pressures facing U.K. firms.
shroder
01/6/2009
15:22
Cheers 2b, sorry I didn't see your post earlier - will add to the list
shroder
01/6/2009
13:55
Adding ROM to the list, will tidy the thread up later and add some charts -
shroder
31/5/2009
21:48
Stumbled across this one which may be worth looking at http://investors.eaga.com/eaga/shareprice/summaryinfo/
knowing
31/5/2009
21:26
Welldone Shroder ! [I've bobbed over here from the TAN board. Now then [I hold ZEN]. Interested parties should have a lookie over here; ZEN ====>> http://zenergypower.com/ Their efficiencies are terrific. Short term 'boosts'; Obama, SEV-US, Ford BEV's. Rummage thru. the RNSs., particularly the 'smart-grid', 'EON', and 'results'. Long-term; The heaters, generators and more infrastructure. Worth running yr. rule over? Best, 2b..
2baffled
31/5/2009
20:14
TAN - Tanfield - electric vehicles + powered access HEGY - Helius Energy - UK biofuel power generation development company CAO - Camco - carbon trading and project development company ZEN - Zenergy - superconductor company - for more efficient energy distribution +PPM - Parry People Movers (PLUS quoted) - flywheel light transit (rail) technology REH - Renewable Energy Holdings - interests in wave, solar, wind and landfill gas energy ITM - ITM Power - fuel cell company
greenisgood
31/5/2009
19:58
free stock charts from www.advfn.com HEGY - Helius Energy - UK biofuel power generation development company free stock charts from www.advfn.com CAO - Camco - carbon trading and project development company +PPM - Parry People Movers (PLUS quoted) - flywheel light transit (rail) technology free stock charts from www.advfn.com REH - Renewable Energy Holdings - interests in wave, solar, wind and landfill gas energy free stock charts from www.advfn.com free stock charts from www.advfn.com EAGA ITM - ITM Power - fuel cell company
shroder
31/5/2009
19:58
The global move towards more environmentally friendly and sustainable sources of energy will no doubt have it's fair share of winners and losers. http://www.photon-magazine.com/ppvx/index.htm There are some parallels to the dot com boom which sent the NASDAQ over 5,000 until realistic valuations could be applied based on actual earnings. I wanted to have a 'one stop shop' which summarises with some detail those companies which may benefit but also to look at the bigger picture 'drivers' such as government regulation. I'll kick off with three companies which I believe will play a significant part in the green revolution - free stock charts from www.advfn.com Nov 2010 free stock charts from www.advfn.com free stock charts from www.advfn.com free stock charts from www.advfn.com free stock charts from www.advfn.com ZEN - Zenergy - superconductor company - for more efficient energy distribution free stock charts from www.advfn.com AFC Energy PLC is a commercially focussed, very low-cost fuel cell company, and we're entering the market place by targeting waste hydrogen applications. free stock charts from www.advfn.com Superglass Holdings PLC ("Superglass" or the "Group"), one of the UK's leading manufacturers of glass mineral fibre insulation products for the property market free stock charts from www.advfn.com Origo Partners free stock charts from www.advfn.com Hydrodec Hydrodec's innovation, patented technology and know-how create a new higher value paradigm for mineral oil products and petrochemical materials management. We provide a unique long term global source of cost effective and supply secure specialty mineral oil products with long term price stability and large long term sustainability and environmental advantages. Our technology and know how offers advanced re-manufacturing technology for petrochemical by-product materials and "Persistent Organic Pollutants." http://www.advfn.com/cmn/fbb/thread.php3?id=8171059
shroder
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