Grainger Share Discussion Threads

[piwood] 26/11/2018 10:23

Has anyone received details of the rights issue ?

[lozzer69] 15/11/2018 11:05

Shares down on results and Rights Issue. Still think GRI are a good hold and in the right area of current property market.

[dogwalker] 31/10/2018 09:29

Results are due on the 14th Nov. Hopefully we don't have to wait another 2 weeks before the share price starts to improve.

[mtsblogs] 17/5/2018 12:10

Loan to Value is not going in the right direction: 39.0% (FY17: 37.7%, HY17: 36.0%).

[shauney2] 17/5/2018 11:53

Strong results.
Six months to March. Profit + 23% to £50.6m. Rents up 9% to £21.8m. PRS portfolio now £756m (£439m). Profit on sales +11% at £38.9m. Boss Helen Gordon “positioning for next stage of PRS growth.

Results presentation



Huge surge in private rental accommodation forecast: By 2022, 20.5 per cent of households in Britain will be privately renting, up from 19.4 per cent today. By 2025 the sector will reach six million households - around 22 per cent of the total.

Numis raise their target to 350 from 320p

[shauney2] 27/4/2018 16:57

Highest closing price for 9 years.Results next month 17/5

[shauney2] 25/1/2018 09:12

Breaking out
JP Morgan Cazenove up target tp 330 from 320p

[coby4] 30/11/2017 22:48

they always do. very good rise over the last few weeks, good news was already built in

[swanmax] 30/11/2017 18:48

I thought the results for Grainger were really good in all respects. They certainly delivered. Why did they go down? I do not understand it

[martynporter79] 30/11/2017 14:06

Thank you mts

[mtsblogs] 30/11/2017 13:00

Martin - EPS expected 14.56 vs 14.3 actual.

[martynporter79] 30/11/2017 09:45

Solid results but a share price fall. What am I missing?

[huttonr] 26/11/2017 06:40

mtsblogs - thanks for the definition.

[mtsblogs] 25/11/2017 20:06

For a property to be considered stabilised, it must have the following characteristics:

-The property is fully leased or leased to the market occupancy.
-Property rents are at market rates.
-Tenant turnover is minimal in the short term and is staggered over the long term.
-The property requires minimal capital improvements to maintain present operating standards.

[huttonr] 24/11/2017 08:49

Please make allowances for my ignorance but perhaps someone could tell me the meaning of "stabilised portfolio" used in today's RNS

[dogwalker] 03/11/2017 11:18

A 'Buy' rating issued today by Citigroup : tp 335p.

[dogwalker] 03/8/2017 11:49

Interesting-looking purchase by someone this morning - of 1.2m shares at 10.37am.

[shauney2] 30/5/2017 08:59

Crystal Amber have gone below 3%

From citywire

UK activist investor Richard Bernstein reduced his holding in the UK’s largest listed residential landlord Grainger (GRI), which recently reported a 39% jump in earnings growth, benefiting from record levels of renting.

Bernstein and co-manager Jonathan Marsh reduced their stake to below 3% of the business. The company’s share price is up 19.5% over the last six months. The shares are held in their £214.5 million Crystal Amber fund.

Grainger recorded a 13% rise in pre-tax profits in the six months to 31 March to £41.2 million, from £36.6 million year-on-year.

In its half-year results, CEO Helen Gordon said the company is expecting to complete a new private rental sector building every two months over the next year and has secured £439 million from a total £850 million target set for 2020.

She added: ‘Our strategy to grow rents and simplify and focus the business puts Grainger in a strong position to deliver further sustainable income led growth.’

[coby4] 26/5/2017 22:54

its a transforming operation - a long way to go and a lot longer to prove that this bandwagon that they were a bit late to jump on will prove to be the cash cow that the regulated tenancy market was for so much of its history.

[shauney2] 26/5/2017 11:48

Buy in todays IC

"Forget the old Grainger (GRI), the manager of a stodgy regulated-tenancy property portfolio, and say hello to a transformed operation focused on the private rental sector (PRS), currently one of the hottest parts of the housing market. With a chronic shortage of new housing, demand for rental accommodation is growing all the time, and Grainger is more than halfway towards its aim of investing £850m by 2020"

[coby4] 22/5/2017 08:34

indeed, they have reduced exposure in the regions which is ironic as much of their new PRS investment appears to be in that direction. interesting that the last six months sales were only 2% above their last September's valuation - the lowest increase I've seen for a long time. good to see the increasing dividend though

[brummy_git] 22/5/2017 07:48

One thing to watch though, is that a large percentage of their real estate is not surprisingly in central and inner city London, where (as you probably know) there are concerns that house prices are overvalued and set to decline (or at least pause) for a while

[coby4] 21/5/2017 19:27

Grainger not really in a similar business to British Land or Daejan -although Grainger are diverting into the PRS sector their wholly assets are manly modest properties let to regulated tenants who have been resident since before 1989 when this tenancy type ended. importantly they have security of tenure and the properties are only sold at open market value when vacant - when the tenant has usually passed away or gone into care. the property assets have to be discounted to reflect the fact that if the company had to be liquidated tomorrow the assets could only be sold with the tenants in occupation. saying that though the company has for years had a share price which doesn't match even its true "discounted" value. good to see the recent rise though and will hopefully step up again when the world knows what the heck Trump is doing!

[brummy_git] 21/5/2017 18:29

Yes, so you just need to read the latest update. The number I suspect you're looking for is the EPRA NNNAV - or 295p/share.

[apollocreed1] 21/5/2017 17:44

@Brummy_git: Thanks, but don't they revalue the portfolio to market value every year for the accounts?