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Share Name Share Symbol Market Type Share ISIN Share Description
Grainger Plc 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
  4.20 1.42% 300.00 301.00 301.60 303.60 295.00 303.00 1,655,725 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 222.8 13.1 19.9 15.1 2,022

Grainger Share Discussion Threads

Showing 451 to 474 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
15/2/2020
21:04
Be warned - entropick is a spam account do not click the link.
dplewis1
15/2/2020
21:00
Grainger raises £187m to fund PRS projects HTTP://twitter.com/entropick/status/1228786048135827456
entropick
14/2/2020
11:51
Tipped in the Times.
shauney2
13/2/2020
17:40
Well that seemed to go well, placing 9.9%@305p. Sadly none if us invited. I struggle to find a hole in this. Hopefully Mr Market will let us buy under 300p sine wet Wednesday in the future.
steve3sandal
03/1/2020
18:41
Looks good at the moment. Share price has certainly languished behind net asset value for many years. But the PRS sector is already drawing more players in, meaning more competition and falling rents to maintain occupancy. Rents are going to be high first time around, next time it’s second hand and after that it’s dated. Time will tell. But they will never again have the pot of gold that was the regulated tenancy portfolio once its gone. More than happy with increased dividends though
coby4
03/1/2020
16:52
A 'Tip of the Year' rather.
dogwalker
03/1/2020
15:45
IC have them as one of their Tips of the Week. IC Tip: Buy at 302p Tip style GROWTH Risk rating MEDIUM Timescale LONG TERM Bull points Rental income growing Rising demand for rented homes Takeover potential Shares trade below forecast NAV Bear points Exposure to UK housing market Slim dividend yield By Emma Powell Grainger (GRI) reached a pivotal moment in its evolution into private rental developer and landlord at the end of last year. The value of its private rental assets surpassed that of its portfolio of regulated tenancy homes following 2018’s £396m acquisition of the remaining 75 per cent stake in GRIP real estate investment trust that it did not already own. That means the group is forecast to earn more money from rental income than lumpier trading profits, which are generated from development work and selling vacated regulated-tenancy homes. This is particularly pertinent against the backdrop of weakening sales transaction volumes. GRI:LSE Grainger PLC 1mth Today change -0.50% Price (GBP) 312.42 The affordability challenges of buying a home have driven demand for private rented sector (PRS) homes, which accounted for 20.6 per cent of UK households in 2019, according to research by the Office for National Statistics, up from 13 per cent in 2007. That figure is forecast by estate agency Knight Frank to rise to 22 per cent by 2023. High demand for Grainger’s PRS assets is evident in an occupancy rate of 97.5 per cent as of the end of September. That – coupled with rent reviews on its regulated tenancies – helped boost rental income on a like-for-like basis by 3.6 per cent. The rate of underlying rental growth for the PRS portfolio accelerated to 3.4 per cent last year, up from 3 per cent in 2018. Grainger’s PRS portfolio consists of 5,597 homes, representing 58 per cent of the total asset base. This is expected to grow to 76 per cent if all 9,104 homes in the pipeline are built. The group aims to secure rental income at gross yields on cost of between 6 and 7.5 per cent on that pipeline. Around 1,000 of these homes are expected to be delivered in 2020, which would add £6m in annual rental income. A joint venture with Transport for London, established last year, could result in the group providing an additional 3,000 homes – and gaining £24m in annual rental income – by 2025. In total, the pipeline has the potential to lift net rent by 141 per cent to £169m at an estimated development cost of £2bn. Deriving a greater proportion of income from rent, rather than from selling homes, should also feed through to greater dividend payments, given management has pledged to pay out 50 per cent of net rental income to shareholders each year. Analysts at Panmure Gordon forecast an annual dividend of 8.2p a share by 2022, 58 per cent higher than last year and representing a 2.7 per cent yield. This is based on net rental income reaching around £100m that year, against trading profits of £67m. That shift should also increase the security of dividend payments, although the company will still have exposure to the fortunes of the UK residential housing market. Profits from property disposals were down 17 per cent last year, although management said that was due to a lower vacancy rate, with the time it took for properties to sell stable at 111 days. The final ‘development for sale’ contract was completed last year, and Grainger will now focus on developing investment assets to retain for the long term. These assets are typically built by third-party developers and forward-funded by Grainger, which makes building less capital intensive. In an environment where interest rates show no sign of being raised in the near term, institutional investors searching for yield have flocked to the UK’s private rented sector, seeing opportunity in the chronic lack of rental housing stock. By the end of June 143,000 homes were completed or in planning, according to research by Savills, up from just 15,000 in the pipeline at the start of 2013. Given Grainger’s existing PRS management platform and expertise, that could make the group a potential takeover target for a large global institutional investor. The sector has already grabbed the attention of CBRE, the world’s largest real estate services group, after it entered the PRS market in July by agreeing the £267m takeover of Telford Homes, a housebuilder that had shifted its focus from building homes for private sale to constructing rental developments for large investors. https://www.investorschronicle.co.uk/tips-ideas/2020/01/02/tap-into-grainger-s-rental-growth-opportunity/
paleje
20/12/2019
10:51
I can confirm you are not alone. A significant part of my SIPP sits here waiting patiently for a higher dividend. Politically and demand wise they are in a great space, though locking in initial development yields of 7% means there is little scope for misjudgement. I first bought here at 114p perhaps 10 years ago and I was quite full before the Dec 18 rights issue. Taking that up caused me and the share price some indigestion, but yes nicely ahead since, though it's only about 25% on the ex rights price which was around 230p IIRC. Good luck all.
steve3sandal
20/12/2019
10:38
Is there anyone else in these? I'm surprised it's so quiet on here given they are now a major rental company and have recorded a nearly 50% rise since the rights issue a year ago. Happy Xmas to any holders.
bigbertie
26/11/2018
12:54
From AJ Bell As above plus,the latest time and date for acceptance and payment in full under the rights issue is expected to be 11.00 am on 17 December 2018. Page 4/5 htps://corporate.graingerplc.co.uk/~/media/Files/G/Grainger-Plc/pdf/downloads/proposed-acquisition-and-equity-raise-prospectus-14-11-2018.PDF
shauney2
26/11/2018
12:42
Hargreaves sent me this info - The Rights Issue is expected to open on 3 December 2018 and will be available to all Shareholders as at close of business on 30 November 2018. If you hold Shares at this time you will be entitled to purchase 7 new Shares for every 15 Shares held, at a price of 178p per Share.
lozzer69
26/11/2018
11:20
Not me. Mine are on a net broker. Was about to drop them an email to chase up
coby4
26/11/2018
10:23
Has anyone received details of the rights issue ?
piwood
15/11/2018
11:05
Shares down on results and Rights Issue. Still think GRI are a good hold and in the right area of current property market.
lozzer69
31/10/2018
09:29
Results are due on the 14th Nov. Hopefully we don't have to wait another 2 weeks before the share price starts to improve.
dogwalker
17/5/2018
12:10
Loan to Value is not going in the right direction: 39.0% (FY17: 37.7%, HY17: 36.0%).
mtsblogs
17/5/2018
11:53
Strong results. Six months to March. Profit + 23% to £50.6m. Rents up 9% to £21.8m. PRS portfolio now £756m (£439m). Profit on sales +11% at £38.9m. Boss Helen Gordon “positioning for next stage of PRS growth. Results presentation hTtp://webcasting.brrmedia.co.uk/broadcast/5ad61cfa5a296618f17932b3 Huge surge in private rental accommodation forecast: By 2022, 20.5 per cent of households in Britain will be privately renting, up from 19.4 per cent today. By 2025 the sector will reach six million households - around 22 per cent of the total. Numis raise their target to 350 from 320p
shauney2
27/4/2018
16:57
Highest closing price for 9 years.Results next month 17/5
shauney2
25/1/2018
09:12
Breaking out JP Morgan Cazenove up target tp 330 from 320p
shauney2
30/11/2017
22:48
they always do. very good rise over the last few weeks, good news was already built in
coby4
30/11/2017
18:48
I thought the results for Grainger were really good in all respects. They certainly delivered. Why did they go down? I do not understand it
swanmax
30/11/2017
14:06
Thank you mts
martynporter79
30/11/2017
13:00
Martin - EPS expected 14.56 vs 14.3 actual.
mtsblogs
30/11/2017
09:45
Solid results but a share price fall. What am I missing?
martynporter79
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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