Share Name Share Symbol Market Type Share ISIN Share Description
Gresham House LSE:GHE London Ordinary Share GB0003887287 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 301.50p 298.00p 305.00p 301.50p 301.50p 301.50p 350.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.4 -3.8 -40.5 - 29.71

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Date Time Title Posts
02/11/201619:08gresham house562.00
09/2/200422:44whats happening4.00
16/7/200213:48Help14.00
10/3/200221:36GHE - RECENT EVENTS-
08/2/200221:54GRESHAM HOUSE Investment Trust3.00

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DateSubject
04/12/2016
08:20
Gresham House Daily Update: Gresham House is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GHE. The last closing price for Gresham House was 301.50p.
Gresham House has a 4 week average price of 307.43p and a 12 week average price of 310.01p.
The 1 year high share price is 352.50p while the 1 year low share price is currently 280p.
There are currently 9,852,926 shares in issue and the average daily traded volume is 5,728 shares. The market capitalisation of Gresham House is £29,706,571.89.
10/11/2015
23:28
loobrush: Share price seems to have raced well ahead on Simon Thompsons tip-well above asset values-seems to be ahead of events to me-and price based on not many shares in free float until sells start on profit taking which could see it sliding back. Anyone a view on this ?
12/10/2015
20:06
topvest: Yes, seems to be motoring now. Interesting as SPARK has had a poor start, in share price terms. They need that to get to a premium if that is going to be their premier listed vehicle.
14/4/2014
20:50
coolen: as depressing as a video feed of the GHE share price (!) ?
20/8/2013
09:26
scburbs: Bought a few here. Not keen on the spread, albeit if they are distributing I hopefully won't suffer so much spread on the way out. Share price seems behind events. Northern Gateway nearly sold (presumably 5+m). Securities Portfolio performing strongly. Progress at largest asset Newton-le-Willows. The value is too dependent on the largest asset to invest more than a smallish stake here. However, the asset seems well located and is right on the edge of the town centre shopping so seems a good position for a supermarket and new housing. Looking for 20% upside from here hopefully within 1 year, with reasonable downside protection. Once Northern Gateway is sold and SAL realised I would have thought they could start distributing. "Newton-le-Willows is a small market town within the Metropolitan Borough of St Helens, in Merseyside, England. Historically a part of Lancashire, it is situated about midway (about 15 miles from each) between the cities of Manchester and Liverpool, 4 miles (6.4 km) to the east of St Helens, 5 miles (8.0 km) to the north of Warrington and 7 miles (11.3 km) to the south of Wigan." "The town centre is now based in the Earlestown district of the town, with its main shopping street, Market Street, being pedestrianised during the 1980s. Bridge Street, Oxford Street, Queen Street and Earle Street make up the shopping area" hxxp://streetmap.co.uk/street/DEACON_TRADING_ESTATE_in_NEWTON-LE-WILLOWS_in_MERSEYSIDE_in_WA12_467908_406113.htm http://en.wikipedia.org/wiki/Newton-le-Willows
10/9/2012
17:04
skyship: One of our holdings, Space & People, up 10% today after good Interims: http://uk.advfn.com/exchanges/LSE/SAL/share-price?java=1
18/5/2012
08:53
davebowler: c GRESHAM HOUSE plc Interim Management Statement (Unaudited) Introduction This Interim Management Statement (the �SStatement⬝) has been prepared in order to provide information to meet the requirements of the UK Listing Authority�"s Disclosure and Transparency Rules. The Statement covers the three month period to 31 March 2012 together with relevant information up to the date of publication. Investment Objective Gresham House plc is an authorised investment trust listed on the London Stock Exchange. Following the passing of an ordinary resolution at the Company�"s Annual General Meeting held on 19 May 2011, the Company�"s objective is now the orderly realisation of the Group�"s assets over a period of approximately two years with a view to returning capital to shareholders thereafter. Material Events and Transactions The Company�"s final results for the year ended 31 December 2011 were announced on 27 April 2012 and are available on the Company�"s website www.greshamhouse.com. The Directors are aware of the following events or transactions which have occurred in the period from 1 January 2012 to the date of this Statement:- (i) planning consent has been received for the development of a new Lidl foodstore at the site in Vincent Lane, Dorking. Contracts were exchanged in March 2011 for the sale of 1.1 acres of the three acre site for £1.88m in cash, subject to the receipt of planning permission. The sale is now expected to complete in August 2012. (ii) conversely the planning application made by Persimmon for the remainder of the site at Vincent Lane, Dorking was rejected despite the planning officers�" recommendation to grant a consent. Persimmon is now considering the most appropriate method of appeal. Contracts have been exchanged for the sale for a sum of £3.035m subject to receipt of planning permission. (iii) A planning application has been submitted at Newton-Le-Willows on the 10 acres nearest to the town centre for a 6,500 sq m foodstore, petrol filling station and 464 car park spaces. Determination is expected in Q3 this year. (iv) the decrease of 0.7% in the IPD UK Quarterly Property Index for Capital Growth for the three months ended 31 March 2012. (v) as at 31 March 2012 the value of the securities portfolio had increased by approximately 2.2% since 31 December 2011 compared with an increase in the FTSE All Share Index of 5.1%. The Company has one class of share capital: ordinary shares of 25p each. There have been no changes in the issued share capital of the Company since 31 December 2011, which at today�"s date, remains at 5,369,880 shares. Financial Information Investments - Properties Investment properties are shown at fair value based on current use. All investment properties were valued by Jones Lang LaSalle Limited, Chartered Surveyors, as at 31 December 2011 at a combined total of £27,443,000. These external valuations were carried out on the basis of market value in accordance with the latest edition of the Valuation Standards published by the Royal Institution of Chartered Surveyors. The directors do not consider that there has been any material change in the value of these properties since year end. Rental income on the property portfolio for the three months ended 31 March 2012 was £251,000 compared with £1,036,000 for the year ended 31 December 2011. As stated in the Report of the Directors contained within the financial statements for the year ended 31 December 2011, the amount of vacant space as at 31 December 2011 was 349,924 sq. ft. representing 54% of the total available. There has been no significant change to these numbers since year end. Investments - Securities As at 31.03.2012 Unaudited As at 31.12.2011 Audited £�"000 £�"000 Listed securities � on the London Stock Exchange 1,548 2,270 Securities dealt in under AIM 1,517 1,370 Securities dealt in under PLUS Market 102 153 Unlisted securities 5,365 5,285 TOTAL 8,532 9,078 Top Ten Investments at 31 March 2012 Market Value % of portfolio £�"000s Memorial Holdings Limited # 2,568 30.1 SpaceandPeople plc* 1,207 14.1 Standard Chartered Bank 6% bond⬡ 1,043 12.2 Attila (BR) Ltd Loan notes# 906 10.6 SMU Investments Ltd # 890 10.4 AudioGravity Holdings Limited # 590 6.9 HSBC Bank 5.75% bond ⬡ 418 4.9 Avesco Group plc* 310 3.6 Xceed Imaging Limited # 200 2.4 Lancashire Tea Limited # 170 2.0 8,302 97.2 ⬡ UK Listed * AIM Traded Securities # Unlisted Securities Securities have been valued on the same basis as that adopted in the Group�"s Consolidated Financial Statements for the year ended 31 December 2011. The investment in Memorial Holdings Limited represents a 15% shareholding in this company which is currently developing a 55 acre cemetery at Kemnal Park in the London Borough of Bromley. It is anticipated that the cemetery will commence trading in the summer with completion of the chapel by end 2012. Sector analysis as at 31 March 2012 % of securities portfolio Financial 29 Property investment 41 Media 20 Engineering 8 Foods 2 100 Comparative movements 31.03.2012 Unaudited 31.12.2011 Audited % change Basic net asset value per ordinary share N/A 447.0p N/A Share price (pence) 331.50 259.50 27.7 FTSE All Share index 3,002.78 2,857.88 5.1 Further information on the Company and Group, including a copy of this Statement, can be found at www.greshamhouse.com. D Lucie-Smith
16/1/2012
13:16
loobrush: That deal should increase the share price by about 15% this is way undervalued. What if they get the other planning consents-asset value could be at least £6.00
19/8/2011
15:17
davebowler: Yes, its an interesting article; A slightly different story is Gresham House (GHI) - a company I have a small share holding in myself... In a statement slipped out just before Easter, Gresham said that "after careful deliberation, your Board will be recommending....the orderly realisation of the Group's assets over a period of approximately two years with a view to returning capital to shareholders thereafter". Turkeys don't vote for Christmas and company directors do not typically vote for their own P45s. But that is what is happening here. Gresham House invests in property and 'early stage' businesses. Its record is pretty shocking. At the end of 2000 the net asset value per share was 527.8p. Ten years later this had fallen to 476.9p. Now the Board of Gresham House has finally thrown in the towel, citing a wish to close the large discount of the share price to the net asset value of the company, and the outlook for commercial property. "The present downturn in the commercial property market, coupled with the restricted availability of bank funding, will create a very flat market over the next few years", according to Chairman Tony Ebel. Shareholders in Gresham House can, in theory, look forward to a cash distribution of at least 476.9p sometime in 2013, but first Gresham must liquidate its portfolio. The essential numbers are that it owns property valued at £28.6m, and a securities portfolio valued at £12.4m, a major part of which is the Kemnal Manor cemetery outside Bromley. As other London cemeteries run out of space this could handle hundreds of lucrative burials a year, and Gresham expects an uplift in its value when the first phase opens at the end of this year. After net bank debt of £14.9m and a number of other minor items Gresham's net assets total £25.4m and the task of its managers over the next two years will be to realise this amount or more so that it can be paid back to long suffering shareholders. Too many companies are allowed to stagger on with little hope of progress. Perhaps a few places in the Kemnal Manor cemetery could be set aside for other public companies with little left to offer.
19/9/2009
07:49
topvest: No, I don't agree. Property portfolio looks sunk if the recent property share price boom is a false dawn. It doesn't generate any income and its running cost is enormous. Ok, if you are cash rich and can develop the sites, but not ideal if you are loaded with debt and a few illiquid investments.
27/9/2007
13:19
taylor20: Typical discount to NAV seems to be 20ish%, so the market is not even taking into account the possible Speke deal? NAV @ 31/12/07 = 902p Share Price = 730p - 630p (22% discount) NAV @ 30/06/07 = 934p Share Price = 720p (23% discount) Portfolio Gain ~ £2m Dorking Sale gain ~ £5.3m (pre tax) £7.3m / 4.87shares ~ +150p NAV @ 27/09/07 ~ 1087p Share Price 830p (23% discount)
Gresham House share price data is direct from the London Stock Exchange
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