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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.10 | 0.00 | 08:00:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 21.20 | 23.00 | 22.10 | 22.00 | 22.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 5.72M | -1.13M | -0.0118 | -18.73 | 21.14M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 22.10 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/11/2024 | 15:00 | UK RNS | Ground Rents Income Fund PLC Holding(s) in Company |
| 19/11/2024 | 14:59 | ALNC |  Ground Rents Income Fund sells largest asset for GBP8 million |
| 19/11/2024 | 12:17 | UK RNS | Ground Rents Income Fund PLC Disposal of largest asset |
| 18/11/2024 | 17:00 | UK RNS | Ground Rents Income Fund PLC Results of EGM |
| 24/10/2024 | 16:00 | UK RNS | Ground Rents Income Fund PLC Circular and Notice of EGM |
| 11/10/2024 | 06:00 | UK RNS | Ground Rents Income Fund PLC Strategy Update, Valuation and Consultation |
| 16/9/2024 | 13:00 | UK RNS | Ground Rents Income Fund PLC Holding(s) in Company |
| 12/9/2024 | 09:45 | UK RNS | Ground Rents Income Fund PLC Director/PDMR Shareholding |
| 14/8/2024 | 11:00 | UK RNS | Ground Rents Income Fund PLC Holding(s) in Company |
| 05/8/2024 | 15:05 | UK RNS | Ground Rents Income Fund PLC Result of EGM |
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 |
|---|---|---|---|
| 10/12/2024 | 20:38 | :::: GROUND RENTS INCOME FUND :::: | 248 |
| 04/4/2013 | 09:17 | Ground Rents Income Fund plc - Investment Trust | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 12/12/2024 08:20 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 22.10p.Ground Rents Income currently has 95,667,627 shares in issue. The market capitalisation of Ground Rents Income is £21,142,546. Ground Rents Income has a price to earnings ratio (PE ratio) of -18.73. This morning GRIO shares opened at 22p |
Posted at 26/10/2024 07:40 by calton1 Think there seems to be such little interest in GRIO that share price probably hugely undervalues it. |
Posted at 25/10/2024 17:55 by bitgold Maybe someone can explain the EGM more clearly, but it looks like an attempt is being made to try to sell the freeholds to leaseholders for as good a price as possible. should be in mutual best interests in many cases, so hope it goes well.if they achieve it, what kind of realistic NAV per share are we looking at here? |
Posted at 18/7/2024 17:20 by elbrus55 Looking to the future if you mean mean beyond 1 year..,.the valuation that the manager places on these assets is not that important. The share price strongly indicates that most people are not placing a lot of weight on it.The important thing will be the cash flows over the next 10 years. The rental income is fairly reliable but some of the other outgoings are 'materially uncertain'. |
Posted at 18/7/2024 05:47 by spectoacc Indeed, but this is Labour.My guess is, all future will be Commonhold, and they'll do the previous Tory plans on existing leasehold. Either way, GRIO has been uninvestable for many years IMO (not hindsight - do a search). |
Posted at 17/7/2024 15:39 by spectoacc Commonhold makes far more sense:"Leasehold and Commonhold Reform Bill This draft bill goes further than the Tories’ Leasehold and Freehold Reform Act, which was passed earlier this year. It will abolish the system of leasehold and replace it with a commonhold system — where those that live in a property each own a share of the freehold. Analysis: In opposition Labour was critical of the government for not going far enough in leasehold reform. However, this is just a draft bill and is unlikely to be an immediate priority." |
Posted at 17/6/2024 10:14 by elbrus55 If I understand correctly the Westminster estates didn't used to make money from lease charges (usually peppercorn) but rather when they gave permission to the council to change social housing into luxury flats. They could do this because the leases stipulated they should be used only for the working classes - so they argued they could charge a big premium to change the conditions. They lost this argument in court. It is not relevant to GRIO.The loss of contractual rental income has always been compensated at open market value since the 1967 law hasn't it? That law is still in force. |
Posted at 31/5/2024 08:34 by cousinit My post 219 tried to outline how things looked a few months ago.Seems that there have been a few changes. Marriage value seems to have gone, but not sure that's significant for GRIO as leases tend to be very long rather than near the 80 year point. The commercial element has been upped to 50% from 25% so that probably brings more assets in scope for GRIO. My estimate of what is out of scope is about the same as the debt, so protects Santander but not the residual for shareholders. The £250 cap has gone but Labour must surely bring this (or similar) back on to the table. The market is likely to still be dysfunctional for that reason. Like Specto says, the current changes may be enough to create demand for lease extensions, but I suspect most will wait for Labour to plant their flag first. |
Posted at 31/5/2024 07:44 by calton1 Sadly elbruss55 is not correct. When Leashold Reform Act was passed in 1970s the Westminster Estates lost big time. This act allowed long term lessees to enfranchise freeholds in houses (but not flats) for absolute peanuts. Their application to Strasburg under European Convention (the predecessor of current Human Rights laws) was unsuccessful. I fear any application under the latest Act would meet a similar end.But could any of our well informed readers please give me some simple details of what GRIO owns - surely it is not just ground rents on English flats? Sadly when bought shares in GRIO I was lead to believe it was mainly in the commercial sector. |
Posted at 24/4/2024 05:53 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 11:28 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. |
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