Grainger Share Discussion Threads

[dogwalker] 05/8/2022 10:43

That kind of sniffing's ongoing I'd say, & reflected in performance here since the shares' peak at the start of 2020. Can always get a lot smellier suddenly though....

[nickelmer] 05/8/2022 10:05

Does the market sniff a potential fall in UK property values due to higher interest rates, which would lead to a lower NAV valuation for GRI ???

[viscount1] 04/8/2022 10:33

I have owned GRI for a while. I think the PRS story is strong in the UK, with a generation rent opting for professionally managed flats rather than ad hoc landlords.

The UK government's endless incompetent meddling with small landlords' taxes and regulation should actually help the big guys.

However, slow going on the share price despite the company seeming to be doing the right things and looking well-run.

What gives?

[dogwalker] 06/6/2022 10:24

If not this morning? Is there a particular reason for this morning's weakness, I wonder.

[steve3sandal1] 19/5/2022 17:29

Safe haven.

[biffa58] 13/5/2022 13:01

One of my big disappoinments -big demand for rental , record profits but share price off its high and yield nothing to write home about.

[wskill] 03/5/2022 18:56

Cheers steve3sandal did buy a few today as I also thought it was rather cheap.

[steve3sandal] 03/5/2022 17:43

Off the top of my head I think the proposal impacts social housing associations not Grainger which owns/rents commercially albeit affordable, and under restricted tenancies (these revert upon the demise or moving out of the tenant.).
On another subject the share price is weak and some might consider this an opportunity.

[wskill] 03/5/2022 11:27

Not sure if the new plan to give private tenants the right to buy will effect GRI.

[coby4] 17/2/2022 20:19

Yeh. Computer said ………;……blah!

[dogwalker] 17/2/2022 15:32

Dividend yield of 6.4% ? Surely some mistake.It's c 2.0% at present as far as I know.

[km18] 17/2/2022 15:19

Grainger is currently offering rental home services, signifying that the firm is a provider, designer, owner and operator of rental homes across the UK. Given the plausible and diversified funding structure, the group derived an attractive PRS portfolio growth of 97%. This evidence is supported by the robust £1.9bn pipeline, which is expected to deliver further growth in recurring earnings, as net rental income is likely to be 2.5 times over the medium term, since the firm is trading ahead of market expectations. Subsequently, the firm was able to finance its operating and investing activities more effectively with respect to the previous year, as illustrated from the concise P/FCF ratio of 12.8. Furthermore, Grainger has capitalised on these opportunities and optimised its financing activities, allowing the firm to provide a relatively high and plausible dividend yield of 6.4% while enabling investors to optimise returns on investment.



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[hindsight] 14/1/2022 18:53

Added a few at 301.5p average. Hopefully rental growth will be driven by wage growth

[tomps2] 09/12/2021 08:59

Andy Brough interview with PIWORLD

Andy Brough mentions Grainger #GRI in the latest PIWORLD interview at 12m15s

Watch the video here:

Or listen to the Podcast here:

[steve3sandal] 19/11/2021 21:23

Adjusted Profit, adjusted dividend. Everyone adjusts everything these days but it all becomes clear when I check my pockets.

[dogwalker] 19/11/2021 18:57

Yes that's right. I like to see PI's included in fundraising wherever possible so that what's just happened as you describe, doesn't.
I also thought it was very unusual to announce a 53% rise in profits & a dividend cut at the same time. Usually divis rise when profits do, or at any rate stay the same.

[grahamburn] 19/11/2021 17:43

Surely it depends how you look at it dogwalker.

The increase in the number of shares (which you refer to as dilution) means there a more shares which receive the dividend (so the quantum so far as the company is concerned hasn't reduced).

It's just that individual shareholders who weren't party to the dilution (fundraising) have seen their dividend fall slightly.

[hindsight] 19/11/2021 11:03

Dogwalker, cant say the yield bothers me, in fact keen for them to reinvest for capital growth. But thats the rub, its disappointing at only 4% this year

[dogwalker] 19/11/2021 10:34

The cut in the dividend follows logically from the dilution a few months back I presume. Not a very shareholder-friendly company , this one.
Maybe something for the new 'Chief People Officer' to think about?

[steve3sandal] 17/9/2021 17:15

Ah ha. So £3.10 Maybe able to add around there, thanks for the alert.

[hindsight] 17/9/2021 16:26

Added in the auction, dont feel so annoyed not offered any in placing now.

[steve3sandal] 02/9/2021 19:36

An accidental bonus from the extra shares issued is a place in the Ftse 250 from 7 Sept.

[banj] 02/9/2021 13:37

Institutions, insurance companies and banks investing hugely in this space chasing a return with their access to seemingly unlimited cheap money courtesy of central bankers. This is mirroring the US. Government loves it as it props up the housing market, the flip side is it crowds out new market entrants & turns into a generation of renters. Just a matter of time before this is sold IMO.

[coby4] 02/9/2021 08:00

share price went up 5p on Tuesday alone, always bouncing around a bit. Doesnt seem too cheap a deal to me, rather a good indication by major shareholders that they see see good thing for the company. having to pay stamp and transaction costs would have pretty much negated the discount and with all the faff involved might have meant them missing the no doubt "hot deals" they want to steal quickly :} more power to the dividend!

[hindsight] 02/9/2021 07:54

Badly done for us small shareholders. But at least they waited till share price was strong.