Surely it depends how you look at it dogwalker.
The increase in the number of shares (which you refer to as dilution) means there a more shares which receive the dividend (so the quantum so far as the company is concerned hasn't reduced).
It's just that individual shareholders who weren't party to the dilution (fundraising) have seen their dividend fall slightly. |
Dogwalker, cant say the yield bothers me, in fact keen for them to reinvest for capital growth. But thats the rub, its disappointing at only 4% this year |
The cut in the dividend follows logically from the dilution a few months back I presume. Not a very shareholder-friendly company , this one.
Maybe something for the new 'Chief People Officer' to think about? |
Ah ha. So £3.10 Maybe able to add around there, thanks for the alert. |
Added in the auction, dont feel so annoyed not offered any in placing now. |
An accidental bonus from the extra shares issued is a place in the Ftse 250 from 7 Sept. |
Institutions, insurance companies and banks investing hugely in this space chasing a return with their access to seemingly unlimited cheap money courtesy of central bankers. This is mirroring the US. Government loves it as it props up the housing market, the flip side is it crowds out new market entrants & turns into a generation of renters. Just a matter of time before this is sold IMO. |
share price went up 5p on Tuesday alone, always bouncing around a bit. Doesnt seem too cheap a deal to me, rather a good indication by major shareholders that they see see good thing for the company. having to pay stamp and transaction costs would have pretty much negated the discount and with all the faff involved might have meant them missing the no doubt "hot deals" they want to steal quickly :} more power to the dividend! |
Badly done for us small shareholders. But at least they waited till share price was strong. |
Doh, yes, thanks steve3sandal. Slick & quick '10% dilution' achieved in a day. Thanks Grainger.
Just hope it's all for the good then. I'm sure it will be, especially if you were offered the cheap shares : well done. |
New shares for institutions and insiders at 310p with no stamp or transaction costs. 317/318p new share price down from 324/325p so no bargain and I'm not topping up here. They've got away with a fairly strong show of support here so probably good in the longer term. However, why not offer new shares to us too via Primary Bid. Others seem to find it possible, easy etc. I will raise it with them. |
Another placing. I’m guessing at a best offer basis for institutions as nothing quoted. I’d have liked to buy more if the share price was lower so I’ve set my alarm for 7am. |
Please dont listern to me Banj, receipe for poor house. Last add I did was at 311p, just hoping that they are less stressful than a tenant |
Thanks hindsight. Added. Looking strong. |
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. |
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