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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 32.30 | 08:00:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 32.10 | 32.10 | 32.30 | 32.30 | 32.30 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 11/12/2023 13:45 by tabhair ft.com/content/b2d4cInteresting article on the leasehold reform (or expropriation if you are negatively affected by it). It does look the company have been caught off guard. Their recent investors presentation suggested that they expected that ground rents would be capped at 0.1% of capital value rather than effectively abolished, as the Michael Gove seems to want to do. It seems the question to ask here is whether this measure is constitutional or not. Any legal experts here have thoughts? |
Posted at 23/12/2022 13:32 by small cap value investor1 I thought it strange that whilst the risk of Santander turning nasty if the company was placed in Liquidation was mentioned nothing was said of the current very favourable interest rate on the loanThe majority of the portfolio benefits from Index linked increases which with current inflation must give a major boost to income in coming years No mentioned of selling better assets and using funds to buy back shares at a large discount to boost NAV of remaining shares It would be interesting if any vulture funds start buying From the list of major holdings they seem to be private investors |
Posted at 31/3/2019 08:35 by spectoacc Investor Report a fortnight ago made for pretty grim reading too - with not much more detail on the legal case: |
Posted at 12/6/2017 16:25 by sikhthetech Leasehold rip-offs: Nationwide Building Society is among big investors that benefitNationwide's own Pension fund invest in Ground Rents... "But now it has emerged Nationwide’s “final salary” pension plan, which to closed to new staff in 2007, invests in grounds rents. According to the fund’s 2016 annual report, its “ground rent property” assets are worth £54m. A spokesman for the would not reveal what proportion of these investments were in escalating ground rents. They would only say the “vast majority” of the fund’s holdings complied with the new policy." |
Posted at 12/6/2017 14:46 by jonwig OK - he seems to want to hit BtL investors hard (Say, compulsory ability of tenants to purchase their rented property at a discount). That includes institutions.Therefore demand for build-to-rent dries up. Therefore supply dries up. But he wants to build 500,000 homes per year. That's the Labour message: say something great in one line, which takes maybe five lines to refute. Folks have stopped listening. Sorry about the rant - normally I try to avoid such things! Anyway, enough Labour MPs would block such policies even if we had a Lab gov't. |
Posted at 06/5/2017 09:53 by jonwig Yes, I just read that. The latest factsheet shows that doubling GRs are 13% of the portfolio:I suspect that the immediate effect will be to reduce capital values (Ladywell Point Manchester, for example). It will be interesting to see whether contracts will be rewritten rather than being stuck with dubious assets. There's a good summary here of the whole leasehold property market: |
Posted at 08/11/2016 11:35 by jonwig Investor report for September:They point out that 10yr doubling = 7.2%pa. I calculate 25yr doubling = 2.8%pa. The top five assets have a blended yield of over 3%. If they're going to gear up as suggested, the best way might be a £25m 30-yr fixed rate bond yielding below 2.5%. I think they'd get plenty of institutional support for that. Unfortunately a retail bond is pretty unlikely. |
Posted at 02/8/2016 08:55 by jonwig Fundraising has been mooted more than once. This new share price premium gives them an ideal opportunity to raise new equity somewhere between 119p and 128p depending on investor enthusiasm. |
Posted at 27/5/2014 09:53 by jonwig Loldemort - sorry, I missed your last post.Valid points, I think, but we could all argue over what is *real* inflation: and the rates used by property companies needn't be either RPI or CPI. What is more concerning, perhaps, is this from the March factsheet: In the coming quarter we expect that there will be continued institutional investor competition for large portfolios, which will, consequently, put further downward pressure on yields, and that the rest of the market will remain stable but very competitive. The company will maintain dialogue with shareholders to manage expectations of the company's performance... which has a pretty clear meaning! |
Posted at 09/11/2013 08:01 by jonwig Ground rents have gained in popularity in recent years as investors continue to search for assets that provide strong and secure income streams. More: |
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