GREEN REIT Share Price (GRN)

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Share Name Share Symbol Market Type Share ISIN Share Description
Green Reit LSE:GRN London Ordinary Share IE00BBR67J55 ORDS EUR0.10
  Price Change % Change Share Price Shares Traded Last Trade
  +0.035 € +2.05% 1.74 € 1,744,201 16:35:17
Bid Price Offer Price High Price Low Price Open Price
1.71 € 1.77 € 1.748 € 1.74 € 1.74 €
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 78.87 36.90 20.80 8.4 1,217.1
Related Shares
Segro (SGRO), Land Securities (LAND), Local Shop. (LSR), Kcr Residential (KCR)

GREEN REIT (GRN) Latest News (9)

GREEN REIT News

Date Time Source Headline
18/4/201918:31UKREGCBRE Clarion Securities LLC Form 8.3 - Green REIT plc
18/4/201915:20UKREGBlackRock Group Form 8.3 - Green REIT Plc
18/4/201914:37UKREGState Street Global Advisors Ireland Limited State Street Global Advisors..
18/4/201914:16UKREGForm 8.3 - The Vanguard Group, Inc.: Green REIT plc
18/4/201912:42UKREGMan Group plc Man Group Plc : Form 8.3 - Green Reit Plc
18/4/201911:21UKREGDWS Alternatives Global Limited Form 8.3 - Green Reit PLC
18/4/201910:58UKREGJ & E Davy Form 38.5a Green REIT Plc
18/4/201910:47UKREGJPMorgan AG Green REIT plc 38.5(b)
18/4/201910:44UKREGJPMorgan Securities Plc Green REIT plc 38.5(a)
17/4/201917:22UKREGDWS Alternatives Global Limited Form 8.3 - Green REIT plc - Replacement
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GREEN REIT (GRN) Discussions and Chat

GREEN REIT Forums and Chat

Date Time Title Posts
15/4/201908:34Green REIT plc4
18/6/201213:28 Ipath Global Carbon Etn-
22/11/201011:44Green company focus20
25/3/200715:47GRAVITY DIAMONDS: DIAMONDS IN THE DRC80
08/3/200623:52Gravity Heading for 6p !!!!!!!!3

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21/4/2019
09:20		GREEN REIT Daily Update: Green Reit is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker GRN. The last closing price for GREEN REIT was 1.71 €.
Green Reit has a 4 week average price of 1.46 € and a 12 week average price of 1.40 €.
The 1 year high share price is 1.75 € while the 1 year low share price is currently 1.30 €.
There are currently 699,469,638 shares in issue and the average daily traded volume is 179,716 shares. The market capitalisation of Green Reit is £1,217,077,170.12.
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29/12/2016
04:46		wexboy: 2016 – The Great Irish Share Valuation Project (Part IV): Company: Green REIT (GRN:ID) Last TGISVP Post: Here Market Cap: EUR 926 Million Price: EUR 1.341 Back in 2014, I pegged Green REIT’s fair value equal to its initial EUR 0.967 NAV. Looking at the share price today, that might seem like an awful call…but I’d disagree. Because GRN’s a good example of a mistake too many investors make: No matter how confident you might be about a company’s prospects, overpaying doesn’t just reduce or even eliminate your margin of safety, it may also rob you of expected future returns. Case in point: While I expected Green’s NAV (& in turn, my fair value estimate) to appreciate, I’m impressed to see a total NAV return (inc. dividends) of almost 60% (18.6% pa) here since early-2014! Unfortunately, investors were happy to pay up at the time, so they must look back & reference a EUR 1.20 market price (which inc. a significant NAV premium) for performance purposes. Almost inevitably, that premium’s now evaporated, leaving GRN trading at a discount…so instead, shareholders barely realised an 18% gain (6.1% pa, again inc. dividends), less than a third of the underlying NAV return! On average, you’d expect a better return from the market itself (in fact, the ISEQ was a far better bet)…so much for capitalising on a great stock/story!? Overall, my valuation perspective hasn’t changed. Prime office yields in Dublin have moved lower (4.65%, per latest CBRE updates), with Green REIT close behind on a 5.2% portfolio yield. Obviously, Brexit presents a potential economic threat (& has clearly knocked sentiment)…but then again, the harder the Brexit, the more attractive Dublin likely becomes as an EU relocation/investment destination. And GRN looks well placed anyway, with 93% of its portfolio focused on Dublin, a 98% occupancy rate, and total gearing of just 19%. Applying a 1.0 Price/Book multiple, and adjusting for the recent annual dividend payment, we get: (EUR 1.52 Dil EPRA NAV – 0.046 Div) * 1.0 P/B = EUR 1.47 Green REIT looks marginally under-valued here. And I don’t consider the recent NAV discount swing cause for alarm – experienced investors should be used to a 10-20% premium/discount appearing on a regular basis, presuming underlying NAV looks realistic (which it does, based on current yield/other metrics). However, progress will be tougher from here on – not to denigrate the Irish REITs, but gains to date were primarily derived buying in bulk from the banks & NAMA at 7-8.0% yields & then progressively marking down portfolios towards a 5.0% yield. More active portfolio management, reversionary rent potential & development opportunities/gains will now become far more important. But despite this recent (& extraordinarily biased) Phoenix article, shareholders here can draw comfort from having Stephen Vernon as Chairman (of GRN’s Investment Manager) – his reputation in the Irish property market precedes him… Price Target: EUR 1.47 Upside/(Downside): 10% For related links/graphs/files & other TGISVP analyses/price targets: Google the Wexboy investment blog.
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27/7/2005
10:45		londonmetro: Excellent news here - rumours abounding that CDG have also found gold in them there hills too - share price starting to move.DYOR and all that but could be good for a quick 50%+
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08/4/2005
11:44		ianwc: RNS Number:8081K Gravity Diamonds Limited 08 April 2005 ASX & AIM (GRN) APRIL 8, 2005 GRAVITY DIAMONDS' DEBUT DAY ON AIM SEEKING KIMBERLITES IN AUSTRALIA AND DRC WITH LEADING-EDGE SKY SEARCH TECHNOLOGY DEVELOPED BY BHP BILLITON * First Drill Holes In Northern Territory Project Hit Diamondiferous Kimberlites * Big Exploration Programme Initiated To Generate Further Kimberlite Targets * Results From Congo Sampling Available Later This Month Gravity Diamonds Limited today listed on AIM by way of an Introduction in a move that the ASX-listed company anticipates will attract a wider global focus and attention to its diversified diamond exploration activities. Approximately 58p.c. of the company is held by European investors with an interest in the diamond industry. BHP Billiton holds a 9.6p.c. interest and management and family around 4p.c.. The company has A$9.9m cash. Gravity is exploring for diamonds in Australia and the Democratic Republic of Congo (DRC), two of the world's principal diamond-producing countries. These interests balance the low sovereign risk but higher geological risk of the mature exploration terrains of Australia against the high sovereign risk but lower geological risk and greater potential for early major discoveries in the DRC. Key to Gravity's business strategy is its strategic alliance agreements with BHP Billiton where Gravity's managing director Mr Phil Harman was the former chief geophysicist and exploration manager for South America. The Australian programme is based on deployment of the FALCON(R)* airborne gravity technology for exploration whilst the DRC programme gives Gravity access to highly prospective diamond exploration ground previously unexplored by modern techniques to which the FALCON(R) system can also be applied. Both agreements give BHP Billiton the right to buy back control and management of any discovery at an early stage under terms favourable to Gravity. The payback cash consideration is 4-5 times the exploration costs plus a royalty and/or a retained equity interest. In Australia, Gravity has exploration agreements in prospective areas which have a considerable history of conventional exploration and in each case, the company may earn a minimum 50p.c. of new discoveries. It has three projects in Australia: the Northern Australia Diamonds Project with Rio Tinto Exploration in the Northern Territory; and two projects in Western Australia at Ellendale with Blina Diamonds and North King George with Striker Resources. The Northern Australian project is the largest, covering some 40,000km2 of tenements in a number of different areas. In 2003 the FALCON(R) system was flown over seven prime areas of interest covering about 3,500km2 which were selected on the basis of the large volume of historic diamond sampling data available. Follow-up of priority FALCON(R) targets began in the 2004 field season using loam and drainage sampling and in several areas where surface access was possible, RC drilling was undertaken. /2 GRAVITY DIAMONDS 2 In January 2005, Gravity announced that two shallow holes drilled into FALCON(R) target ABN21 in the Abner Range, near McArthur River had intersected a new diamond-bearing kimberlite. A total of 147 microdiamonds and two small macrodiamonds have been recovered from these holes and almost all of the stones are whole, unresorbed and colourless of potential gem quality. Further work to determine the size and grade of the discovery will start this month. At least 20 other similar FALCON(R) gravity features in the vicinity of ABN21 will also be followed-up. A FALCON(R) survey in late 2003 located a number of new targets on Blina Diamonds' Ellendale project. That company has since completed first-pass drilling of the various targets and so far has identified three new small pipes and a new palaeo-channel. Bulk sampling in 2004 showed that, although the pipes are diamond-bearing, the average grade of the bulk samples was considered too low to be economic. Further testing of the palaeo-channels and other targets is planned, however. A FALCON(R) survey over a portion of the King George North area in the Kimberley region of WA in 2003 identified a large number of high priority targets. Surface samples were collected from 12 of these targets and eight have since reported positive for Kimberlitic indicator minerals or microdiamonds. KASAI CRATON INCLUDES SOME OF WORLD'S BEST DIAMOND GROUND The agreement with BHP Billiton to explore for diamonds in the Kasai region of the DRC was signed in August 2004. This area covers part of the Kasai Craton and lies immediately along trend from the rich diamond provinces in Angola and is considered to include some of the most prospective, effectively untested, diamond exploration ground in the world. The proposed exploration programme targets new kimberlite pipes and will employ broadly-spaced surface sampling for kimberlitic indicators to locate prospective areas, followed by airborne geophysics to identify specific kimberlite targets. Dependent upon results, and subject to government approvals, the FALCON(R) system may be deployed for specific target generation in the future. During the 2004 field season, Gravity completed a kimberlitic indicator mineral sampling programme using three helicopter-supported crews over more than 20,000km2 of the tenements of the JV ground in the Kasai Craton. Numerous artisanal workings were encountered, thus confirming the widespread presence of alluvial diamonds in the area. Sample results are expected later this month. An aeromagnetic survey over a 4,900km2 section of the sampled area will be flown shortly to objective of pinpoint magnetic kimberlite targets that could be potential sources of the alluvial diamonds. The company has an exploration budget of US$5-6m for 2005 for an intensive work programme which is already underway. This includes an aeromag survey in the Kasai area of the DRC and follow-up of the result, a ground gravity survey in the Abner Range, with drilling and bulk sampling to follow in mid-year. Gravity has 119m ordinary shares in issue and at the current share price of A$0.76 is capitalised at A$91m (#36m). The company has a strong board of directors, chaired by Bobby Danchin, an experienced diamond explorer and former director of global exploration for Anglo American. Phil Harman spent 34 years with BHP and executive director Nic Limb is a proven business innovator and former managing director of New Hampton Goldfields Ltd. * FALCON(R) was developed at a cost of US$250m. It is a pioneering exploration tool that has been refined by BHP Billiton from technology that was originally created by the US Navy. FALCON(R) enables airborne collection of gravity measurements previously limited to ground deployment and makes it possible to survey much larger areas in a significantly shorter time. Gravity measurement reveals features that have a contrasting density with the surrounding rocks and has particular application to diamond exploration and the search for kimberlite pipes. The FALCON(R) system is deployed in a single engined turbine Cessna aircraft which is also equipped to collect magnetic and other geophysical data.
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