Grainger Share Discussion Threads

[brummy_git] 21/5/2017 17:37

Apollo- Need to look at the open-market value of their assets, not their book value in the accounts

[apollocreed1] 21/5/2017 16:43

Can anyone explain why Grainger is valued at a such a high P/B of 1.5? Land Securities is trading at 0.8 and Daejan is on 0.7. Why should Grainger be trading at double their valuations while running a very similar business?

[lozzer69] 19/5/2017 09:18

Great results today I think share price will gain some traction now new strategy seems to be working well

[shauney2] 09/5/2017 16:39

New 7 year highs ahead of next weeks results.

[jl9] 20/2/2017 14:05

Just remember that retreats and hesitations are all part of the journey. Bon voyage!

[shauney2] 15/2/2017 14:55

Its on its way.
Good to see the confident purchase by the non exec this week.

[bigbertie] 15/2/2017 10:36

Well it has hit Peel Hunts old forecast - let's hope they are on target with their new one.

[shauney2] 02/2/2017 08:55

Nice upgrade from Peel Hunt.New target 300p from 250p

[clive205] 16/12/2016 09:20

Now 235p to buy.

Can see this attacking the 240p range today and high's from 6 months ago.

[coby4] 09/12/2016 11:28

indeed. slow to climb but gets knocked back on any old bit of bad news, the trouble with a niche company I guess, perhaps its new direction of PRS focus will provide more stability

[clive205] 09/12/2016 08:38

BUY recommendation by Simon Thompson at the IC this week in one of his columns.

Up 10p on the week to 230p.

Not sure why this doesn't get more attention/comment here.

[clive205] 06/12/2016 15:31

BUY Recommendations from Investor's Chronicle yesterday and also today in Simon Thompsons' column:



(Subscription might be needed)

Bearing in mind the ex-dividend date I can see these clearing the recent highs and moving on towards the 245p area again by the end of the year.

NAI - DYOR etc.

[sellingtops] 30/11/2016 12:45

Ahead of FY16 earnings

The Co. have been quite positive of late, stating good rental growth has continued, our sales performance has remained strong.

Co. expect to report modest growth in market value of our property assets in second half of year and expect to report high single digit year-on-year growth in NNNAV for full year.

In terms of price action we are at the mean value area on the daily chart but on the 1HR chart we are currently above value. A good result will surly push price into a new distribution area at the 230 level but the 226.26 level could provide some resistance.

On the downside the key support will be at the value are of 220.30 and the low of 214.42

hxxps://uk.tradingview.com/chart/GRI/wcqQFkOD-Ahead-of-FY16-earnings/

[jpjp100] 11/10/2016 09:23

Trading statement today, guiding to upper end of expectations

[jpjp100] 11/8/2016 08:33

Interesting in the trading update today to see that Grainger is pushing up rents far faster than rpi / cpi and yet still letting properties more quickly than previously

"Year to date rental growth on new lets of 4.9% and 2.8% on renewals.

On newly acquired assets, we have seen rental growth increasing over the past three months, with rent increases on new lets in July averaging 5.8% and the time taken to let the properties falling steadily over the last three months."

[jpjp100] 16/6/2016 08:39

Mountview, to which CRS has (unfavourably from some angles) compared GRI released its prelims today

CRS has more ammunition for its attack on GRI's cost base

In the prelims MTVW reports

revenue £79.765m
gross profit £53.014m

Administrative Expenses £5.148m

Profit before tax £48.388m


In the last half year results, GRI reported Profit before tax of £36.6m after administrative costs of £16.2m

Sure, it isn't comparing apples with apples, but it isn't so far off

[carcosa] 22/5/2016 07:29

Looking medium term (2020) then I believe it is reasonable to expect Net rental income ~£114m 50% of which would generate 13p dividend of yielding 6% at current price.

However its notable they have been able to quickly identify 25% operational cost savings although admin costs are remaining exorbitantly high and that must be addressed.

[coby4] 21/5/2016 23:19

valuation is as at start of October and that process must start some time earlier so figures would be quite old now and should be performing well against them. portfolio is weighted towards the south east having sold off holdings in poorer performing regions to raise cash in past years. odd though that the biggest PRS acquisition is north so far. doesn't easily fit into a segment which has dogged this share for years, maybe the simplification of the model will help that in the future. holding for the moment

[cerrito] 21/5/2016 22:46

Understandable that the market has responded well to the interims and I am comfortable with my holding having listened to the webcast of the presentation.
Good to be reminded that in addition to NNNAV of 283p per share there is the Recessionary Surplus of 80p per share. Simplification of the business is good as is decision to increase dividends –though even with this year’s projected 4p per share it is a long way from being an income share.
Interested in their comment that current sales are buoyant and above valuation-including their development in Chelsea-their only London super prime. They did caution us that sales were front loaded to HI given the stamp duty changes.
No questions asked about how Brexit proof they are and cannot find any info as the regional weighting of their portfolio or indeed in which market segment they are in.
If the price continues in the 220/245 range, at the moment I do not see myself buying or selling.

[coby4] 19/5/2016 12:15

dramatic change from a tried and tested model, i think ER was making money but hampered by some crazy funding arrangements in an era of historically low interest rates? - that part really not clever - whoever was sorting that in their finance team i hope isnt sorting the small print for their PRS

[strathroyal] 19/5/2016 11:28

New policy appears to make a lot of sense. The equity release division was presumably making little profit after finance and admin charges so that the return was not acceptable.

Hopefully the share price will pick up with the revised dividend policy and also the activist interest from Crystal Amber but I'm certainly happy with today's results and presentation.