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
  -1.00p -0.38% 265.00p 265.00p 265.40p 268.40p 263.40p 266.20p 1,275,900 16:29:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 270.7 100.7 21.0 12.6 1,622

Grainger Share Discussion Threads

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THE BROKERS SAY "BUY" 09 August 2012 Numis reiterates its BUY recommendation for Grainger, with a target price of 161p. Investec reiterates its BUY recommendation for Grainger, with a target price of 160p. 23 August 2012 Jefferies International reiterates its BUY recommendation for Grainger, and has a target price of 128p. P.S. Here's some links about SCLP, one of the hottest stocks at the moment:
would be nice to see this back to the 100-118 range by Christmas
agree and share price increase justified
solid IMS today
uncertainty, Greece, Spaim, euro. The net value of the bricks and mortar make this look very cheap
someone tell me why this is dropping like a stone ! An announcement would be nice 'we know of no reason why...'
Some good results here today. Large discount to NAV but with market sentiment I doubt we will see much of an improvement in the share price over the coming weeks although when property prices do start to significantly rise this will follow quickly.
naked trader
Naked Trader, I have no idea why the price has weakened, have you?
Testing support at a quid!
naked trader
appreciate feedback for anyone who can make the AGM tomorrow
From the FT 03.02.12. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email to buy additional rights. Companies offering controversial sale and rent back schemes that target financially distressed homeowners have been ordered to close temporarily following a review that found widespread poor practice. The Financial Services Authority (FSA) report, published on Friday, found that most sale and rent back transactions were either unaffordable or unsuitable and "never should have been sold". I am assuming that Grainger, would never engage in such practices.
Interesting...might be worth filling our pockets ! U.K. REIT Law Changes May Trigger Takeovers From Overseas (1) 2011-12-06 17:02:01.704 GMT (Updates with tax experts' reactions starting in sixth paragraph.) By Simon Packard Dec. 6 (Bloomberg) -- U.K. real estate investment trusts will be more vulnerable to takeover by investors from outside of Britain under rules proposed today for the tax-exempt companies. The changes "will allow more cross-border M&A activity," said Phil Nicklin, head of accounting firm Deloitte LLP's unit specializing in REITs. "Investment banks are already talking to me about this." The U.K. Treasury proposed the draft law today that would allow British units of overseas companies to qualify for REIT tax exemptions by loosening regulations on ownership and stock- exchange listings. The rules would also abolish a charge to become a REIT equal to 2 percent of a company's net asset value. U.K. properties or companies would be eligible for REIT status if their owners' shares trade on overseas exchanges as well as the Alternative Investment Market and the exchange in London run by Plus Markets Group Plc, the Treasury said today. The rules would adjust the criteria for qualifying as a REIT and change the rules on how and when taxes are collected. "The changes will make REITs more cost-effective and easier to operate," said Rosalind Rowe, a partner at PricewaterhouseCoopers LLP. The changes may also "open up the market to a new group of investors, potentially including pension schemes and insurance companies." New REITs As many as 40 new REITs will be spawned by the modifications announced today, Nicklin estimated. The U.K. currently has 23 with a market value of about 20 billion pounds. Most new REITs would be conversions of funds now based in low-tax offshore jurisdictions such as Jersey, said Mike Prew, a Jefferies & Co. analyst. The funds would seek REIT status to avoid additional costs created by a European Union directive that will tighten regulation and supervision, he said. REITs in the U.K. avoid corporation or capital gains taxes in return for paying investors 90 percent of the income generated by their property. The changes proposed, the most sweeping to rules first introduced in 2007, will likely be adopted when lawmakers vote on the next fiscal year budget by the second quarter of 2012. New Rules The new rules may help the creation of residential REITs as the government seeks to attract investment into private rented accommodation, said Marion Cane, an executive director at Ernst & Young LLP's tax advisory arm for real estate, hospitality and construction. No U.K. residential REITs currently exist. In March, the government lowered the tax cost of acquiring groups of properties by changing the way it calculates the stamp duty, which is a property-transfer tax. That change, combined with the rules being proposed today, "will help residential REITs, particularly as they build up a portfolio," Ernst & Young's Cane said. London & Stamford Property Plc, a REIT that owns a stake in one of the U.K.'s largest malls, said last month that it may set up a separate residential REIT as it acquires housing assets. Helical Bar Plc, which isn't a REIT, may consider creating one for the residential properties that it's developing, Chief Executive Officer Mike Slade said in an interview. "Further changes are still needed to encourage residential and social housing REITs," said Nicklin at Deloitte. They need to be able to trade real estate, which is something that current rules preclude, he said. The rules wouldn't allow for the creation of private REITs, according to the Treasury. Closely held real estate companies can qualify for the tax exemptions if they seek to sell shares on a London exchange within three years. Current rules require REITs to have 25 percent of their shares widely held by investors. Pension funds, insurance companies, sovereign-wealth funds and mutual funds will be exempted from the rule, the Treasury said today. Charities, banks and REITs domiciled outside the U.K. wouldn't qualify for the exemption. The Treasury has asked for responses to the proposals by Feb. 12.
Looks like a top up Standard Life previously announced 33.5 million shares
Anyone know if it was a top up or reduction by SL today please?
I agree Cerrito, lots of people buying ( or maybe one big buyer ) this am, so you are not alone with your thoughts.
chri5 wright
I know not a very good day in the market but still seems a pretty good trading update which deserved a better reception.
14:15 broker note Buy target 161p
if their stock was worth a lot less presumably the independent valuers wouldn't be happy to sign it off!? its revalued every year according to their statement for year ended September 2010 56% by value of the company's assets are in London and the South East, keep an eye on their website showing vacant properties they are selling - some decent stuff there no doubt there is poorer stock in poorer locations but the company's strength has been diversity and liquidity with NAV of £2 per share and flurry in share price to £1.20 there's plenty of time to still get in before the boat sails! Grainger will no doubt be getting a decent fee for managing Lloyds portfolio with no equity risk to themselves
except pyman, it on Lloyds books over valued. same for grainger, the property portfolio was revalued a few years back, and its worth a lot less than on the balance sheet. look at grainger in the property auction's they are actively selling sh*t; houses in Liverpool for £40 k. i'd love to buy into the grainger theory, lord know's i have tried hard enough to buy into it. but the fact is the company is full of low grade property, on the balance sheet at an over inflated price. remember too that if they to obtain a capital gain there is CGT to pay. i'm dissapointed, 'cos i wanted to buy into this tale...
chri5 wright
Lloyds bank talking to GRI about managing Lloyds property portfolio. Vote of confidence in GRI and a lot of new propety to make some money on!
Wednesday 20 April, 2011 Eatonfield Group plc Working Capital Funding Update RNS Number : 2481F Eatonfield Group plc 20 April 2011  20 April 2011 Eatonfield Group plc ("Eatonfield" or "the Group") Working capital funding update On 31 March 2011, the board of Eatonfield announced that the Group had sufficient working capital funding through to mid April 2011. On 11 April 2011, the board announced details of the proposed exchange of contracts for the sale of the Welsh sites and the proposed revised facilities with Royal Bank of Scotland plc ("RBS") to include a new £0.25 million working capital facility. The board is of the view that formal agreement of these matters is now imminent. Eatonfield continues to defer payment of amounts due to certain of its senior lenders and trade creditors. On the basis that (i) the relevant lenders and trade creditors do not demand payment in the short-term and that Eatonfield continues to receive their support; and (ii) the proposed exchange of contracts for the sale of the Welsh sites takes place imminently, which will in turn provide the Group with access to the new £0.25 million RBS working capital facility, the board now expects that the Group's existing financial resources will provide it with sufficient working capital funding until early May 2011. The board confirms that all of the Group's existing bank facilities remain available at the date of this announcement. The Group has now also commenced presentations to potential investors, with a view to raising further equity to fund Eatonfield to the point where its contract housebuilding operation is forecast to start generating net positive cash flow later this year. The board is seeking to conclude this fundraising by early May 2011. For further information please contact: Eatonfield Group plc Tel: +44 (0)1829 261 910 Brian Corfe (Executive Chairman) Rob Lloyd (Group Chief Executive) Duncan Syers (Group Finance Director) Evolution Securities Limited Tel: +44 (0)113 243 1619 Joanne Lake/Peter Steel Optiva Securities Limited Tel: +44 (0)203 137 1904 Jeremy King Threadneedle Communications Tel: +44 (0)207 653 9850 Graham Herring/John Coles
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