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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ground Rents Income Fund Plc | LSE:GRIO | London | Ordinary Share | GB00B715WG26 | ORD 50P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.20 | 0.66% | 30.60 | 462,568 | 14:49:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 29.20 | 32.00 | 30.60 | 30.20 | 30.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 5.6M | -7.52M | -0.0786 | -3.89 | 29.27M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:30:57 | O | 35,000 | 29.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/4/2024 | 20:10 | ALNC |  TRADING UPDATES: Pennant trading in line; Coro requests suspension |
| 24/4/2024 | 07:00 | UK RNS | Ground Rents Income Fund PLC Unaudited Portfolio Valuation as at 31 March.. |
| 02/4/2024 | 16:27 | ALNC | TRADING UPDATES: Ground Rents refinances; ECR Minerals loss narrows |
| 02/4/2024 | 07:00 | UK RNS | Ground Rents Income Fund PLC Refinance of Loan Facility |
| 11/3/2024 | 14:27 | UK RNS | Ground Rents Income Fund PLC Result of AGM |
| 23/2/2024 | 11:51 | ALNC | Ground Rents Income sells Bristol and Exeter assets for GBP3.5 million |
| 23/2/2024 | 07:00 | UK RNS | Ground Rents Income Fund PLC Student Ground Rent Asset Disposals |
| 16/2/2024 | 07:00 | UK RNS | Ground Rents Income Fund PLC Notice of Annual General Meeting |
| 19/12/2023 | 17:00 | UKREG | Ground Rents Income Fund PLC Holding(s) in Company |
| 19/12/2023 | 17:00 | UKREG | Ground Rents Income Fund PLC Holding(s) in Company |
Ground Rents Income (GRIO) Share Charts1 Year Ground Rents Income Chart |
|
1 Month Ground Rents Income Chart |
Intraday Ground Rents Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2024 | 06:53 | :::: GROUND RENTS INCOME FUND :::: | 226 |
| 04/4/2013 | 10:17 | Ground Rents Income Fund plc - Investment Trust | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:30:57 | 29.40 | 35,000 | 10,290.00 | O |
| 14:30:43 | 29.50 | 30,000 | 8,850.00 | O |
| 14:21:54 | 29.70 | 10,000 | 2,970.00 | O |
| 14:21:46 | 29.80 | 20,000 | 5,960.00 | O |
| 13:48:49 | 30.20 | 20,000 | 6,040.00 | O |
| Top Posts |
|---|
Posted at 25/4/2024 09:20 by Ground Rents Income Daily Update Ground Rents Income Fund Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker GRIO. The last closing price for Ground Rents Income was 30.40p.Ground Rents Income currently has 95,667,627 shares in issue. The market capitalisation of Ground Rents Income is £29,274,294. Ground Rents Income has a price to earnings ratio (PE ratio) of -3.89. This morning GRIO shares opened at 30.20p |
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 23/12/2022 08:43 by spectoacc @andy246 - many of the assets have open-ended and so far unquantifiable liabilities - not convinced there's a market for some of them at any price (eg the Beetham liabilities, supported by the rest of the portfolio).At the mercy of govnt diktat - which hasn't gone in their favour so far - and have absolutely zero chance of getting anywhere near to NAV. Perhaps sell the few good assets, return that money to shareholders, and "bad bank" everything else? |
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 28/1/2021 16:36 by cousinit There are very clear negatives here. Beetham Tower. Leasehold changes reducing future rental income and fees (fees seem to be around 20% of income and the leasehold changes proposed would seem to eliminate most/all of these.)Not clear what the Schroders selling is driven by? Could this be IT savings scheme or is it a discretionary holding? Questor appears to have advised to hold given it previously recommended as a buy. Weighted lease length is 343 years so rent should be protected for a while! I don't tend to produce discounted cash flows out quite that far. The leasehold changes seem broadly similar to those announced in early 2020 by the law commission so should be reflected somewhat in recent auctions and the valuer in the NAV? Not sure when the above is fully reflected in the price? 40% discount certainly builds in quite a few negatives. |
Posted at 24/8/2018 17:29 by kenmitch Just in case there are any readers of this thread who do understand warrants and the previous posts about them, this one could prove useful.1. Sadly warrants and subscription shares have all but disappeared. (Investment Trust Subscription shares are identical to warrants in all but name, but by calling them subscription shares they can go in to ISAs whereas warrants can't.) 2. There is currently only one Investment Trust subscription share worth considering. (I bought it about a year ago at 20p and it has so far only inched up to 24p to sell). It's Fidelity Asian Values Investment Trust subscription shares. If you want a lot of detail it's in this link:- (change the xx to tt for it to work) hxxps://www.fidelity If you just want a few simple basics here they are. The exercise prices are 381.75p until November 2018 and then 392.75p until Nov 30th 2019. FASS spread is wide but it is often possible to buy and sell inside it. Current buy price is 28p but it could be bought for 27p today. So at the 2018 exercise price (call it 382p to keep it simple) FASS is worth 28p. (Share price is 410p). And at the 2019 exercise price of 393p FASS is worth 17p. Target a 10% share price gain between now and November 2019 to 450p and FASS will be worth double the current 27p buy price. i.e it would be worth 57p. So if you invest £5000 in the share the profit is the same - £500 - as when investing just £500 in FASS. For any who understand simple arithmetic and are not hung up on unnecessarily complex warrant theory the advantages of buying the sub share should be screamingly obvious. BUT BUT BUT..... just as GRIO and GRIW (the warrants) are not buys yet and might not be for ages, so also imo FAS and FASS (the subscription shares) are not buys yet either. Wait for NAV, which FAS report daily, to get moving up again before buying. If no increase in NAV then FASS might never become a buy. If it does increase and even if only a bit and enables the share price to rise just 5% to 430p then FASS would be worth 37p , which is nearly a 50% gain. Also remember FASS can be bought and sold at any time, the same as shares can. AND note that you don't have to sell them even at expiry date as the Trust Managers appoint a trustee to exercise any sub shares allowed to lapse, and send the proceeds, less their expenses, to your accounts. Finally both for GRIWand FASS ignore nonsense posted here about market makers pricing in bad news for ground rents or bad or good news for Fidelity Asia. Market makers have no interest in that sort of thing and prices depend on buying and selling. Also market makers often have little knowledge about warrants in general and don't need to have. e.g in the past when new issues started trading there could be some wonderful starting price opportunities when they priced them far too low and early buyers could double their money in a day! Or sometimes they did the opposite and started with the price far too high. fwiw I'll post here if news/events suggest either GRIW or FASS are worth buying but for now best to monitor. |
Posted at 22/8/2018 09:46 by kenmitch So you're here too SpectoAcc!For you or anyone else interested, once hopeful about prospects again, the warrants are by far the best way to play this one. Exercise price is £1 and they don't expire until Aug 2022. Current share price is around 106p so these warrants are currently worth 6p. They can be bought for 7p so are incredibly cheap. BUT that's no use unless/until the share price goes up again! I don't hold currently, having offloaded mine at 28p a while ago. I originally bought around 4p and have been in and out several times, but have been out for months. The upside, for those not clued up on warrants, is easy. At £1 share price the warrant is worth nothing but will until 2022 be tradeable, probably around 2p to sell. AT £1.10 share price the warrant is worth 10p AT £1.20 share price the warrant is worth 20p etc etc So, say, the share goes up 10% to 117p then the warrant should go from current 7p to buy to around 17p to sell. i.e the warrant will more than DOUBLE for just 10% on the share price. And target a 20% share price gain (a not unreasonable target if "regulatory uncertainty" eases) around 130p and the warrant would be worth 30p and that's 4 times the current price! Those of you who only bought the shares in the past missed out on a brilliant winner. The warrants peaked, from memory around 40p. DON'T all rush to buy now! Warrants are very thinly traded and even one buy can move the price -but unless the share rises too the gains won't last. And it is not always easy to trade warrants and sometimes market makers will widen the spread and hit the selling price. So any tempted to trade GRIW could come unstuck unless/until the share price rises again. Share is stuck at present and until that changes money in both share and warrant will probably do little. THE one plus for the share is the dividend. No dividends with warrants, but with potential gains like that who cares? They can be bought and sold at any time (up to Aug 2022 expiry date) exactly the same as shares, though brokers will probably ask you to sign a risk form first. It's full of dire warnings that are a load of nonsense. The most you can ever lose, as with shares, is your original stake. And with much higher upside you only need a small stake to cash in. e.g £1000 in the warrants gives roughly the same upside as £13000 staked in the share! And the most you can lose is £1000 instead of £13000! And that £12000 saved can be used elsewhere! |
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