Increasing NAV and discount reduction would cover 295 to 325. If there was a bid, it would need to reflect this for my holding |
Increasing NAV only? |
Think Nationwide price data today |
Bid coming? Steady increase from 280p. |
3 BRITISH REAL ESTATE COMPANIES THAT COULD RECEIVE A TAKEOVER BID
hxxps://www.undervalued-shares.com/weekly-dispatches/3-british-real-estate-companies-that-could-receive-a-takeover-bid/aff/9/ |
I doubt if the sums involved are material and merit an RNS. I'm sure the locals are delighted that they can continue to enjoy the delights of pan pipes and knitted alpacas rather than 196 new homes. Strange thing is, the kind of people who want this sort of market are generally the same ones who bemoan the lack of affordable housing. |
Surprising that this long running saga (some 17 years since Grainger began looking at this project and now walking away) has not been announced by the company even if just a non-RNS: |
Grainger was discussed briefly here on today's Vox 'Stock Picking' videocast (starts 42:30).
www.linkedin.com/posts/paul-hill-a5994116_stocks-to-follow-with-justin-waite-and-paul-activity-6826865195483242496-ww3t |
PIWORLD interview with Paul Jourdan, Amati Global Investors mentions Grainger (GRI) at 20m33s see here:
Video:
Podcast: |
Still here though I had forgotten about the Board. I’m doing the waiting bit which is fine as this is a SIPP holding for me and one day they will be twice as big. GLA holders. |
Thanks grahamburn. Had read and listerned to the half year before putting toe in today at 289.8p. Im thinking these trade around 10% below NAV (when include reversion, price rises this year and development gains from inflation) but happy to be corrected. |
Not quiet..... more soporific.
Had even forgotten there was a board covering the company.
Agree quieter boards (say 10/15 reasoned posts per day) are preferred and informative. but not a single post for 7 months is hardly a recommendation.
Especially for a sound and growing company.
In case you missed it, hindsight, this would be an excellent use of your time: |
A quiet BB, something I tend to like |
Most of the tenants are retired : interesting. That helps. |
dropped far far further at first lock down which made no sense as residential property values hadn't suddenly dropped by 25 - 30%. was a great time to buy in and share price topped £3 a few months later. Still a big regulated tenancy portfolio which will be good solid ever popular relatively unmodernised houses and flats. The age profile of the majority of those tenants will mean they are retired and not needing employment to pay rent. I'd be investing more if I had spare cash. Most recently sold a bundle at £3.10 and bought back in at £2.90 - wish i'd waited a bit but it will get back |
Yes, the fact that furlough payments are now being extended to March suddenly ( as of 13.30 not having heard the news sooner) makes a lot of difference : you'll be right, with inability to pay and/or having rent arrears fading from the threats here. |
FD just gone too, though Land Secs probably a new challenge. |
Thank you. It’s a Risk and despite the obvious homeless problem I’m inclined to the view that roofs will be kept over peoples heads via furlough, Universal Benefits, etc
Perhaps still an overhang from Feb 20 Placing, regular tapping of equity holders for development funds, modest dividend. It’s one of the few problem children of mine and I’m hoping a discussion would help me make up my mind. Instinctively I like buying things that haven’t gone up yet, but it doesn’t always work. |
Worries about whether everyone will be able to go on paying their rent , maybe. |
Seriously underperforming share price which is neither here nor there for a long term holder. But before I go topping up here does anyone have any guesses why so weak |
Be warned - entropick is a spam account do not click the link. |
Grainger raises £187m to fund PRS projects |
Tipped in the Times. |
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. |
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 |
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