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
  3.40 1.14% 301.60 298.00 300.80 301.60 301.60 301.60 1,303 08:20:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 270.7 100.7 21.0 14.4 1,847

Grainger Share Discussion Threads

Showing 226 to 249 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
24/6/2010
16:56
I suspect today's 5% rise came about as a result of the Daily Telegraph's "Questor" Buy recommendation today:- "Questor tipped Grainger. Britain's largest quoted residential property landlord, exactly two months ago. Since then, the shares have endured a poor run, falling 21pc amid concerns for the property market as the economy stalls and the prospect of an austerity Budget, including a rise in capital gains tax (CGT), draws closer. Clearly, the fall is disappointing, but Questor believes Grainger looks cheap and offers value for investors even on modest forecasts for the housing market. This column is sceptical about the prospects for many property stocks, but Grainger offers a solid investment in the long-term fundamentals of UK housing rather than an over-leveraged gamble on rising asset prices. Grainger's business is primarily to buy homes worth around £190,000 and let them at levels below market value. It then aims to sell the property on for a higher value once the tenant moves out, or dies, or the asset has been refurbished. This model offers exposure to house price inflation and a market where the supply of homes struggles to meet demand. In addition, it offers this without the heavy capital demands and fragility of building new houses. Despite this, Grainger is trading at a 35pc discount to its net asset value per share of 173p, a key measure for property companies. This NAV was stated for the six months to March 31, and did not take into account a revaluation of Grainger's portfolio during that time. Analysts at KBC Peel Hunt have forecast NAV will reach 198p for Grainger, which is closing in on a £35m deal to buy rival Sovereign Reversions, by September 30, and described the shares as a "serious bargain". Property stocks have come under pressure since the formation of the Coalition. The proposed "localism" of planning rules and freezing of state aid for new housing projects have sparked worry about construction. But the mature housing markets Grainger operates in are shielded from the worst of these, and it has even said it could benefit if the Chancellor announces changes in CGT by picking up properties on the cheap. The housing market may be volatile in the short term, but Grainger still looks affordable. Buy."
sandbank
24/6/2010
10:13
Big increase in volume so far today and I reckon those 2 x 1million trades are buys and not sells as reported. Could be interesting times ahead. DYOR etc.
chadders
23/6/2010
12:25
I think that's Norges Bank increasing their position. Anyone have up to date info on major shareholders?
chadders
17/6/2010
10:11
Any views on Grainger. I noticed they have had a profitable resale of reversionary properties and the the shares trade 42 per cent below year-end NAV estimates. The total sales pipeline, including units in solicitor's hands, stands at an impressive £121m.
bb123
02/6/2010
15:41
http://www.advfn.com/p.php?pid=nmona&article=43064746&symbol=L%5ELLOY
chadders
20/5/2010
17:18
I guess at its essence, this is a play on residental property values in that regardless of the income stream the NAV of the portfolio will drive the share price. I personally believe that residental property will decline in value by around 30% over the next 5-7 years in real terms.(Yes, I am a home owner!) If you belive that values are going to rise then you are on a winner. I have gone into commercial property as values there have dropped about 40% from their highs of a couple of years ago while residential has only dropped about 15%.
salpara111
20/5/2010
07:09
Sales up, profits up, margins increased, healthy sales pipeline, restored the dividend. Not bad for starters.
chadders
27/4/2010
15:12
Plenty of buys going through, I guess by the number of posts, none from advfn users!
ny boy
27/4/2010
12:18
Thought there would be more savvy investors about looking at this one?
ny boy
26/4/2010
12:41
rns out 3 new board members, excellent stuff! Commenting, Andrew Cunningham, Chief Executive, said; "We are very pleased to be welcoming people of such strong calibre to the Grainger Board. These are proven, experienced individuals who will provide a great combination of residential, financial and operational expertise to the Company." Robin Broadhurst, Chairman, said; "Grainger's recent refinancing and successful rights issue has put the Group in a strong position to take advantage of the opportunities that will arise as we emerge from recession. We have a unique portfolio of properties, considerable financial strength and an outstanding team already in place. I am confident that this new management and leadership team, working with Andrew, will continue to drive the business forward."
ny boy
26/4/2010
12:11
Weak Positive Candidate -Medium term, Apr 19, 2010 Analysis Explanation GRAINGER PLC is within an approximate horizontal trend, which indicates further development in the same direction. The stock has marginally broken up through the resistance at pence 138. An established break predicts a further rise. The stock is assessed as technically slightly positive for the medium long term Resistance is at 180p, looks like that's the short term (next few months) price target.
ny boy
26/4/2010
10:16
Ticking up again, surprised not many have twigged here! "1" trade could well be a buy signal?
ny boy
23/4/2010
12:02
Nice to see a gradual tick up, should move above 200p this year, locked in here for a long term hold to play the UK recovery story
ny boy
22/4/2010
20:55
Tipped last week.... Grainger is the largest listed residential property landlord in Britain. The Independent on Wednesday wrote that it is confident Grainger's management can continue to make progress and had suggested the company a hold at 145p last year. With Merrill Lynch describing companies net asset value of 145p as a "trough". Grainger is beginning to look like something of a bargain says the Independent who recommend buy. Meanwhile, the Daily Telegraph commented of Grainger that the company is not exposed to fragile new-build markets and is sheltered from the worst effects of a slump in the market because of its focus of buying low-value homes in need of modernization. Company has a strong liquidity through to 2012 and only a 35% drop in house prices would breach the present covenants, writes The Daily Telegraph who remind that the shares are undervalued by 30% according to JP Morgan. Buy says the Daily Telegraph.
ny boy
22/4/2010
15:08
http://www.nebusiness.co.uk/business-news/latest-business-news/2010/04/21/takeover-hopes-at-property-giant-grainger-51140-26283283/
knowing
22/4/2010
15:01
that's the fellah
wolterix
22/4/2010
14:59
The council's development partner, Grainger/Helical Bar has set up a special company, called King Street Developments (Hammersmith) Ltd, and has spent the past few months preparing the essential technical details that will make the project a reality. The company's timetable includes submitting a planning application in 2010 and completing the project by 2016.
ny boy
22/4/2010
14:56
Will check it out, just noticed they have an rns out for their results next month, I expect plenty of interest here.
ny boy
22/4/2010
14:45
they will be submitting a planning app for Hammersmith Town Hall over the next month or so, I would think?
wolterix
22/4/2010
14:34
Looks very appealing going forward, already in recovery mode. Must have in my portfolio!
ny boy
18/12/2009
14:39
Today's Investors Chronicle says "What excites us more in 2010 are the non-housebuilder plays on residential recovery. Grainger is no longer the only choice though we still like its geared recovery potential"
sandbank
04/12/2009
18:00
Peel Hunt increased short to 1.22%!!
thaiger
03/12/2009
14:45
Encarter - Just a little out on your forecast !
peterev4
02/12/2009
12:05
Shorters are in. Looks like 80p is on the cards. http://www.advfn.com/p.php?pid=nmona&cb=1259755346&article=40600818&symbol=L%5EGRI
encarter
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