no don't tell what to do. rachel from accounts will put rent controls and GRI will go to 1p |
Agreed. But no rent controls I don't think - just the continued move to ousting small and medium sized landlords and shifting the power to institutional landlords like Grainger. |
communist Labour will launch radical rent controls so Grainger is seemingly finished
Short this Labour ponzi scam with both fists |
I am holder of GRI, but this part is nonsense:
"With government support for the private rental market ..."
The Tories were intent on destroying the private rental market and Labour has continued doing so. The reason I hold GRI is despite the government not because of it. |
Progressive Equity Research has initiated coverage on Grainger plc, offering UK investors insights into the company as it reaches a critical point in its strategy to focus on build-to-rent properties. With government support for the private rental market and the planned conversion to a REIT, Grainger is well-positioned to attract investors seeking scalable income and capital growth opportunities.
Grainger: AA rating - 0.85 Price to Book - forcasted revenue increase this year 24%.
Interesting - onto my watchlist. |
It will be interesting to see at what discount PRSR is taken out |
Progressive Equity Research have recently taken over PI World (who you may have heard of). |
I made the mistake of iniating a position in these in October.
I see Progressive Equity Research of whom I have never heard have issued today a 14 page note on GRI which I need to read. |
I can only imagine the falling share price and rising Gilt yields are opposite sides of the same coin. Refinancing risk in a few years probably less of a handle on the current malaise. I can’t see too much downside from 220p so hopefully a well timed addition. Principals are on something like buy one get one free monthly SAYE scheme so perhaps needs to be 110p to get their wallets open. I’ll give them another 12 months to get to fully developed and occupied, REIT, and a significant leap in dividend. If that doesn’t work perhaps we’re wasting our time. |
Added, but unimpressed by s lack of BOD buying. |
I have held Grainger shares for several years. I had a look at the report and accounts today.
Every time I look into the company I am impressed. It seems very well run, has good cashflows, manageable debt and it operates in a market (build-to-rent) that is growing as small landlords are pushed out by government policy and taxes.
In 2024 they seem to have excellent topline growth, and they have a healthy pipeline. I like the way they think strategically about their investment locations. I was hoping for better like-for-like rental growth (6.3%). I think they could raise rents faster. Cashflows look good and more than enough for the debt.
It should be a great place to be, but the share performance has been pretty dire. I keep hoping it will get bought out by an investment company trying to buy its way into the sector. Some consolidation is likely given the large number of small players and numerous investment companies trying to enter the market. |
GRI talked about in this IC podcast. |
the presentation I like - waiting for the investor call recording to go live. I liked the slide on LTV management and shows they are planning for an eventuality where interest rates don't fall as much as expected - which is one of the major risks they face in 4-5 years... looks the same class act I've bought into and will continue to hold. I'm under water but 5.5-6% for UK residential after costs... I can't do better myself and very happy to let the pros keep doing their thing. Will watch the presentation tonight |
The conference call is worth a listen, |
Very impressive presentation this morning. Converting to a reit next October should give holders a yield of between 5.5% and 6%. |
Very encouraging update from GRI and a big uplift in the dividend..
This current market is absolutely pathetic.. |
Unless I'm misreading this, their vacancy rate at The Mint, Guildford is over 15% currently.
Worth watching their overall rate when they update. |
Topped up at 220p. |
UK assets that cant move, about as popular as radioactive waste at present |
I'd have to sell something, not really the Grandchildren. I'm guessing gilts are pressuring stuff like GRI especially the impatient waiting for a decent yield. Something else. They are in my SIPP which means they were part of a long term IHT mitigation strategy until Rachel squished that. So not inclined to do anything that will be taxed above my risk reward strategy....good share price at 220p on the chart but I'm thinking what's the point. |
Are you still topping up at 220 ? |
Grainger's closest development to me, The Mint, in Guildford, now with 15 current available units on a development total of 91.
That is current availability, I've not included another apartment available from next year. |
Appreciate the view. |
EI im a holder from much higher up, yield now approaching the return get from BTL of 3.5%. Keep debating averaging down but main concern is its UK and trying to avoid increasing exposure to the Liebour Starmer state
Cant see how escape the real uk black hole of zilch growth and demographics |
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