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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ground Rents Income Fund Plc | GRIO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -3.18% | 30.40 | 15:41:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 31.00 | 29.50 | 31.00 | 30.40 | 31.40 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 02/03/2023 | Interim | GBP | 0.005 | 09/03/2023 | 10/03/2023 | 31/03/2023 |
| 30/11/2022 | Interim | GBP | 0.0075 | 08/12/2022 | 09/12/2022 | 30/12/2022 |
| 01/09/2022 | Interim | GBP | 0.0075 | 08/09/2022 | 09/09/2022 | 30/09/2022 |
| 23/05/2022 | Interim | GBP | 0.0075 | 01/06/2022 | 06/06/2022 | 30/06/2022 |
| 10/02/2022 | Interim | GBP | 0.0075 | 17/02/2022 | 18/02/2022 | 11/03/2022 |
| 23/08/2021 | Interim | GBP | 0.009375 | 09/12/2021 | 10/12/2021 | 31/12/2021 |
| 23/08/2021 | Interim | GBP | 0.012375 | 02/09/2021 | 03/09/2021 | 24/09/2021 |
| 28/04/2021 | Interim | GBP | 0.012375 | 06/05/2021 | 07/05/2021 | 28/05/2021 |
| 21/01/2021 | Interim | GBP | 0.012375 | 28/01/2021 | 29/01/2021 | 19/02/2021 |
| 19/10/2020 | Interim | GBP | 0.0099 | 29/10/2020 | 30/10/2020 | 23/11/2020 |
| 06/07/2020 | Interim | GBP | 0.0099 | 16/07/2020 | 17/07/2020 | 10/08/2020 |
| 24/04/2020 | Interim | GBP | 0.0099 | 07/05/2020 | 11/05/2020 | 29/05/2020 |
| 30/01/2020 | Interim | GBP | 0.0099 | 06/02/2020 | 07/02/2020 | 28/02/2020 |
| 13/12/2019 | Interim | GBP | 0.0102 | 19/12/2019 | 20/12/2019 | 10/01/2020 |
| 07/06/2019 | Interim | GBP | 0.0098 | 13/06/2019 | 14/06/2019 | 28/06/2019 |
| Top Posts |
|---|
Posted at 24/4/2024 06:53 by spectoacc Do you rate the alternatives tho? Labour have the right mood music, but as far as I can see there's nothing between the ears. Reeves is lamentable, Sir Keir is from Corbyn era, and whilst I'm fond of Wes Streeting for not avoiding a fight, I can't see him lasting the first NHS strike.We digress, but what Labour do is going to be key to a lot of investments - infrastructure, PFI, house builders, GRIO, utilities etc. Unconvinced much of it is priced in yet. Edit - 7 minutes after posting, an RNS. I'll let someone who holds analyse it. |
Posted at 23/4/2024 13:37 by spectoacc I know there's talk of a £15bn hit to pension funds from it, but still tiny in the context of total assets - a kick it down the road arrangement probably works for them.That doesn't leave GRIO in a good place though. Michael Gove - the best leader Labour never had. |
Posted at 23/4/2024 12:33 by spectoacc Interesting, thanks. I've long regarded GRIO as uninvestable, & the many twists & turns of legislation that STILL isn't law, and still may not be ahead of the Labour govnt, makes it bloody trickier still. But at some point, for the few who understand what's going on, there may eventually be a buy op.Didn't help that they got caught up in that cladding issue with the Manchester block either. Labour have the right mood music but there's going to be a few things they'll hammer - can't see anyone crying for the ground rent landlords. |
Posted at 23/4/2024 12:28 by cousinit I have been trying to interpret the various dripped out snippets from the likely draft legislation.This suggests: Cap of £250pa for ground rent on implementation 20 year transition to peppercorn (no indication of profile of this) Rent foregone by landlord is rolled up to any future lease extension premium calculation My initial stab at assumptions would be: £250 (as a nominal cap) is applied for 5-10 years and then halves for remainder of 20 years Rent foregone is capped at the £250 and not the current level or future lease increases and is probably added in a simple way and doesn't 'compound' over the period 'withheld' Probably some carve outs for commercial leases and those where a lower premium was previously paid in return for an annual ground rent to be payable. Not sure if buy to let investors would be included in the scope of the cap, but I'd assume so. If the above is a flavour of what is likely, then it probably hits the 'newer' ground rents that GRIO holds. The typical GRIO lease seems to be a flat built in the 2010s, with a £250 RPI rent that refixes every 15 years on a 250+ year lease (so were now on the verge of resetting to maybe £500pa). The loss of income, indexation and the next lease extension being maybe 150+ years away makes it very dependent on any rent 'roll up' approach. Compare this to maybe a 125 year lease on a flat built in 1990 with a £50pa rent that doubles every 25 years. Current rent £100pa and lease event likely before lease falls under 80 years, so by 2035. So potentially unaffected before the taper to peppercorn kicks in. |
Posted at 20/11/2023 14:48 by spectoacc If they Tories don't go far enough< GRIO has a Labour administration to look forward to. |
Posted at 03/1/2023 16:21 by dandigirl Company asserts divi under review. |
Posted at 23/12/2022 13:34 by spectoacc Vulture funds, activists, directors... Little sign of any of them buying.Yes, the income is going to keep rising. Trouble is, so far the costs appear at risk of rising faster. I don't think the dividend is safe. |
Posted at 17/8/2022 16:46 by andy246 Calton, at the current price I think it's a buy.- 5% dividend yield fully covered by the underlying ground rents income - Share price is currently at a 40% discount to NAV, so it leaves some margin for any future impairments - Continuation vote needs to happen before Aug-2023, so either the discount to NAV is greatly reduced by then, or the vote will fail and the company will be placed into runoff - A short term catalyst could be the restarting of the buyback program, which was paused in Feb-2022 due to regulatory uncertainty. Since then, the share price has dropped another 25% hxxp://pandora-capit |
Posted at 25/10/2019 10:14 by spectoacc Agree not fatal. Far more pressing bear points on GRIO:1. The Manchester cladding court case, which they could walk away from (separate subsidiary) but which wouldn't look at all good 2. Uncovered divi (separate issue to having paid previous divis "illegally") 3. Govnt finally getting round to legislating on leasehold reform 4. Small size of the co/disproportionate fees/inability to grow when trading at (theoretical) discount to NAV Bull points: 1. Some inflation protection - cheap compared to Linkers (for a reason..) 2. Asset management initiatives - fewer than with most property plays, but they're proving there's still some |
Posted at 22/10/2019 07:43 by spectoacc Not a rise I've been buying but yes - with Brexit ongoing, there's a distinct lack of Parliamentary time (or will) to get on with leasehold reforms.Not sure what to make of this, other than that it's no surprise from GRIO: "In addition, the Company also intends to regularise the position with respect to historic dividends, in relation to which the Company has recently become aware that such dividends were made otherwise than in accordance with the provisions of the Companies Act 2006. In order to put the potentially affected parties in the position which they were always intended to be, the Company is proposing to waive any and all claims which it has or may have in respect of either current or former shareholders, or current or former directors, in relation to such dividends." I assume today's distributable reserves issue relates to not having the historic profits to be paying out divis - ie paying from capital? But glad to see that, as a former shareholder, the company intends to waive any and all claims it has against me, in relation to the dividends it paid :) :) |
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