Grainger Share Discussion Threads

[the troll] 24/10/2008 11:08

rubbish, these bond holders are so desperate for cash ( probably to meet margin calls elsewhere ) THEY approached the Company & asked it to initiate this redemption. IMHO, Grainger, having been offered the chance to redeem debt on very favourable terms, should take full advantage.

[pugugly] 24/10/2008 10:01

Can someone check my maths please

If I am correct for every £100,000 the package received by the bonholder will be woth some £44,953 at the current share price of 86 pence.

message to me is that (subject to the covenants on the bonds) this is a last ditch effort by the company.

[alexx] 16/10/2008 10:24

It's as wiseacre said in #107, it's very unlikely that their portfolio is worth as much as was suggested.

[rd1881] 16/10/2008 09:31

Price is really taking a thrashing this morning - down 10% at £1.50. Any comments?

[wiseacre] 10/10/2008 13:17

Well folks I Have warned you twice. It's quit remarkable how this share price held up before today's major correction. I am told some of the lads in North London are looking to pick up the pieces. Meanwhile management has been putting the best gloss it can on its portfolio but common sense should tell you that valuations are still far too optimistic. Get real and keep on selling.

[alexx] 09/10/2008 16:53

this is the only relevent bit
" The Daily Telegraph
PRICE COLLAPSE SEES HOUSE FALL IN ON GRAINGER'S PROFITS GROWTH
Grainger says it does not expect to see a growth in annual trading
profits this year, as declining house prices hinder the UK's biggest quoted
residential landlord. The company said total sales would increase 17.5 percent
to 143 million pounds but were unlikely to be in line with 2007 results. This is
because of the collapse in house prices and a greater proportion of investment
sales, where a property is sold on with a tenant in place."

[alexx] 07/10/2008 16:34

Not sure of details

"We write to confirm that Grainger plc has forwarded to the FSA two copies of the ordinary resolution, relating to an amendment to its borrowing powers, which was passed at its General Meeting that was held on 7 October 2008."

[wiseacre] 03/9/2008 15:14

This site's gone very quiet. Recent rise in price on government measures to prop up housing market looks like presenting a perfect opportunity to bail out.

With £1.6 billion of debt this company looks horribly vulnerable. Sell

[hectorp] 13/8/2008 11:04

Too many are over bearish of such situations now. Strong buy IMO.

I've increased my exposure to property plays, though mainly in Europe.

Rents will rise faster with people not willing to buy and move on.
My take is that private sector rents round the UK in general could be 15-20% higher in 12 months.
THis could well benefit this company.

[n1ck_leeson] 12/8/2008 10:07

these guys know what they are doing. holding up nicely.

[pyman] 12/8/2008 09:25

seems they are doing OK.

[alexx] 12/8/2008 08:00

Interim management statement

[atlantic1953] 23/7/2008 15:04

looks like alot of shorters are closing out as the price keeps spiking up then falling away.

[atlantic1953] 21/7/2008 21:21

hectorp what about the debt ( i am neither long or short)

[hectorp] 21/7/2008 12:34

I've noted the rise over two trading days.
The share looks a great buy at this price, low P/E , notice the RENTS coming in, this is not a builder or bank.

[coby4] 21/7/2008 09:09

rubbish, may well be selling but that's what they do. might be offloading some to assist with cashflow but these could just as easily be ones with small book values and hence larger potential profits. if they are selling 50 out of the 10,000+ that they own they are hardly panic selling. two other points people might not be buying but they are renting - although i'm not sure what the rent roll is and they also secured another couple of hundred million in credit a short while ago for potential acquisions - hardly a sign that the bankers think its a dead duck

[wiseacre] 20/7/2008 16:18

There seem to be a lot of rose tinted spectacle wearers supporting this stock including the chump who bought a large line of stock through Walker Crips last Friday spurring the price up 20% at one point. He's meant to be extremely nosey and to be close to the company, too close for his own good I'd say. Because the directors are kidding themselves. I gather the company is auctioning 50 of its properties, and they have as much chance as a salesman on the North Pole selling ice cream,of getting book value. As for the bid talk dream on! I am unashamedly short. This company is heading for the nackers' yard!

[rd1881] 18/7/2008 14:19

why today's price movement - up 25p or 12.8% at 222p

short covering?

[alexx] 02/7/2008 18:24

judge
yes, disgusting, and for no better reasons than they feel in danger of going bust themselves and are also frightened of not getting their money back

Judge - be sensible, buy my car, I'm a bit bored with it.
Lexus LS400

It's old but all works and you can buy for just the 1% deposit you were going to pay with no more instalments
The 0-60 is almost double but its still fast
Top speed is about 75%

[judge jury] 02/7/2008 10:34

I want to buy a Mercedes-Benz SLR McLaren Roadcar



If only those credit-hoarding banks would lend me the money! I can put down a 1% deposit after all.

[suxel] 02/7/2008 10:26

agreed that there was a lot of greed and recklessness and a whole bunch of people have got caught but that's not the cause of most of the current problems, there is still a huge number of people who want to buy or move and cant because funds are currently tight. when things have stabilised - and i wouldnt want to forcast when that might be, it will still come down to supply and demand. i'm sure that bigger deposits and more stringent checks will be the norm in the future but when one lender breaks ranks and looks like grabbing a chunk of the market others will follow

[alexx] 02/7/2008 09:14

coby4
"most of the problems exist because bankers won't pull out their wallets and lend people money to buy a house in the first place"

Most of the problems exist because of precisely the opposite. they lent too much. Now everyone who lent too much and everyone who borrowed too much is in trouble. Both the public and the lenders should have known better, especially the lenders.

[coby4] 01/7/2008 15:09

agreed. most of the problems exist because bankers won't pull out their wallets and lend people money to buy a house in the first place. why would they decide to shell out out such a vast sum for a takeover. maybe asset strip? ok, who gonna buy those then!!! very risky. when lending becomes a little easier and after housebuilding has fallen even further behind we'll be back to limited supply, higher demand and these shares will push back very quickly. dividend increased again, these have to be a good bet even without a takeover

[judge jury] 30/6/2008 15:59

Well it clearly wasn't a false rumour. If Regis wasn't considering a bid then they wouldn't have had to make an announcement. The fact that they did shows that they had done some preparatory work, although they hadn't approached GRI (otherwise GRI would have had to make the announcement under the City Rules).

Also, the nature of their announcement (demeaning to GRI) suggests they are thinking of going hostile.

However, I still think they will struggle to get it through. GRI would fight hard and the bankers would cause problems