Grainger Share Discussion Threads

[jaws6] 15/5/2015 06:21

Yes ,you got it.
plus new project will bring in regular income too at some time next year.

[trytotakeiteasy] 14/5/2015 23:48

Was ok to listen too... one thing I think is that the loss in H1 due to the company the sold something too going under may be recovered over time.... so if it gets reversed in the second half this will help...

[jaws6] 14/5/2015 14:55

well good listen and says why .good to know few bits direct from them.
Deals to come ?

hxxp://brrmedia.co.uk/event/138623/andrew-cunningham

[trytotakeiteasy] 14/5/2015 08:22

Hmm not sure on results anyone remember what this was about?
hxxp://www.graingerplc.co.uk/~/media/Files/G/Grainger-Plc/Notice%20of%20resignation%20as%20Auditors.pdf

[daveb12] 11/5/2015 15:58

Jaws6 certainly would hope that this happens, common sense says this should seriously help their cause. Pleased at the moment I did not sell on the basis Ed might of got in.

[jaws6] 08/5/2015 06:46

well well now Labour out ,look forward to 14 for good result and back to 220

[grim] 07/5/2015 19:08

Daejan has also fallen 10%+ in the past week or so, so 'probably' is my feeling. Plus mansion tax concerns.

[trytotakeiteasy] 07/5/2015 14:01

What is going on here then... share price seems to be falling a fair bit.. Labour's rent control plan?????

[scburbs] 30/3/2015 09:14

"Grainger, the UK’s largest listed residential property owner and manager, has secured planning consent for two build-to-rent schemes outside of London, totalling 212 units, demonstrating that purpose built private rental accommodation is not exclusive to city centres but can be delivered in more suburban environments.

The two schemes form part of Grainger’s larger strategic land development projects – Berewood, Waterlooville (comprising 2,550 units) and Wellesley, Aldershot (comprising 3,850 units) – both located in Hampshire."

hxxp://www.graingerplc.co.uk/media/press-releases/2015/hampshire-prs.aspx

[huttonr] 11/3/2015 09:14

Thanks for the replies - somewhat clearer, I think.
Summarising:
1. £35M owed by Clifden - now in administration and the note says they are trying to assess its financial situation
2. Re-acquire ERIL share capital - net £21M plus possibly recovery of 'sums owed to Grainger'
3. Nil from interest rate caps - possibly legal case to come?

So, as scburbs says, probable loss of £14M plus legal costs and, hopefully, a rather more critical approach to future deals.

[jonwig] 11/3/2015 07:17

Have I misread? Sorry!

[cerrito] 10/3/2015 21:24

I agree with your reading scburbs in terms of the numbers ie £14m hit which presumably includes the 10% interest and may or may not include the £600k of management fees.
Financial aspect may not be all that great but takes up a lot of management time and one asks oneself how GRI Management got theselves into this situation.

[scburbs] 10/3/2015 20:41

They are taking back net assets of £21m vs a liability of £35m so looks like loss of £14m which is broadly a reversal of the £10m gain they realised on disposal.

Not a major issue relative to market cap and I expect the values of those assets has increased so assessment of net asset value may be on low side. The disposal was previously part of the gearing reduction plan, but given successful sales elsewhere not sure this is much of an issue.

[jonwig] 10/3/2015 18:57

Grainger will get its money back with legal costs by taking ERIL back from the administrators....

"We sold you ERIL, you didn't pay, we'll take it back. Oh - and with interest and legal costs."

[trytotakeiteasy] 10/3/2015 17:39

Huttonr - I can't get my brain around the announcement.. however, Grainger doesn't need cash having lowered its gearing ratio.... backdrop for the group as a whole should be strong....

[huttonr] 10/3/2015 17:28

The market seems to have taken this latest event (non- payment by Clifden) remarkably calmly - does anyone have an idea as to the financial effect on Grainger?

[dt1010] 25/11/2014 18:27

A tip?

Buy Inland Homes, 58.75p now, Simon Thompson in the IC, WH Ireland and Finncapp all target it to go to at least 70p on strong results. AGM in December.

They develop in the commuter belt outside London, a market which is still booming. Telford Homes results tomorrow will prove this nicely and should reflect well on INL.

The share traded in a tight range between 43 - 50p for all of 2014. Broke 50p recently. New target is 70p.

[riddlerone] 23/11/2014 10:21

Not in this one yet but i do have a stake in SGM.This is a really interesting read and very relevant to GRI

[scburbs] 20/11/2014 10:22

Great set of results, not much of a response from share price yet.

Presentation is on website.

hxxp://www.graingerplc.co.uk/~/media/Files/G/Grainger-Plc/results/full-year-results-presentation-2014.pdf

[jaws6] 20/11/2014 08:24

looks good read .agree

[mickeyb] 20/11/2014 08:22

Great set of Final results, profits up 26% to £81m.

[mickeyb] 17/11/2014 22:31

Finals are being reported on Thursday 20th November 2014. Hopefully share price might get a boost.

[cerrito] 30/9/2014 17:45

Very good 90K share purchase announced by non exec director Simon Davies