grainger plc
established in 1912, grainger plc is the uk' s largest listed residential landlord and manager. our latest property :
safestore acquired mentmore plc who were trading under the ‘spaces’ brand for £209 million .
grainger plc registered in england. company registration number: 125575. registered office: citygate, st james' boulevard, newcastle upon tyne, ne1 4je .
grainger share price. gri - stock quote, charts, trade history, share chat, financials. grainger ord 5p
why netcall plc' s (aim: net) roe of 9. 6% does not tell the whole story
john von spreckelsen leaves safestore and richard grainger is appointed as non - executive chairman .
flexible tenancies and a named, dedicated grainger property manager to ensure it works for you .
grainger has a 4 week average price of 298p and a 12 week average price of 293. 60p .
grainger plc owns a significant portfolio of residential property assets across the united kingdom and germany worth more than â£2bn. in the uk, 62% of its assets are located in london and the south east. similarly, in germany, 80% of its assets are located in the four most economically robust regions .
in january, richard grainger retired from the board of safestore and alan lewis was formally appointed non - executive chairman of the company .
ps. if you are not interested in grainger anymore, you can use our free platform to see my list of over 150 other stocks with a high growth potential .
“grainger have thought about all the details that make life that little bit easier… it all really helps in creating a community - like building that you can enjoy living in. ”
please be aware that, as stated in our privacy policy, grainger may pass your details onto third party letting agents responsible for the property or properties you’ve expressed an interest in .
grainger plc (lse: gri) is a small - cap - stock with a market capitalization of usd $ 1. 32 billion. while investors primarily focus on the growth potential and competitive landscape of the small - cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. the significance of doing due diligence on a company’s financial strength stems from the fact that over 20, 000 companies go bankrupt in every quarter in the us alone .
there are currently 417, 251, 265 shares in issue and the average daily traded volume is 478, 312 shares. the market capitalisation of grainger is £1, 250, 084, 789. 94 .
we’re delighted to be nominated for residential property company of the year at the # egawards18. it’s been a great year for grainger with the launch of argo apartments and we continue to invest in building more great homes for rent! # prs # btr # rentingredefined @ estatesgazette urltoken
clearly, grainger has a concerning amount of debt on its balance sheet. additionally, the company fails to impress in terms of generating strong enough operating cash flows and earnings to cover annual interest expenses. thus, for now, i don’t find it a financially sound company .
now when you know whether you should keep the debt in mind as a risk factor when putting together your investment thesis, i recommend you check out our latest free analysis report on grainger to see what are gri’s growth prospects and whether it could be considered an undervalued opportunity .
“one of things that has impressed me most about grainger is how responsive they are to our needs. we always receive a reply to our emails promptly and they actually care about making us feel comfortable in our home! we' re treated like valued clients, rather than simply tenants .
“when i rented the flat from grainger i was appointed a property manager – and i cannot appreciate her enough. she has been supporting me ever since with every aspect regarding the flat. it is an extremely helpful concept to have especially considering i am travelling a lot due to my job. ”
grainger not really in a similar business to british land or daejan - although grainger are diverting into the prs sector their wholly assets are manly modest properties let to regulated tenants who have been resident since before 1989 when this tenancy type ended. importantly they have security of tenure and the properties are only sold at open market value when vacant - when the tenant has usually passed away or gone into care. the property assets have to be discounted to reflect the fact that if the company had to be liquidated tomorrow the assets could only be sold with the tenants in occupation. saying that though the company has for years had a share price which doesn' t match even its true
discounted
value. good to see the recent rise though and will hopefully step up again when the world knows what the heck trump is doing !
more than the revenue shown on paper, what matters is how much cash is generated through operations and whether it is enough to continue operations, meet debt - obligations and fund growth. over the past year, grainger’s operating cash flows stood at 6. 3% of its overall debt. an annual operating cash flow of less than a tenth of the overall debt raises red flags, although short - term obstacles and cyclical nature of an industry may have an impact on a company’s ability to generate cash .
there are many problems that come unannounced. for instance, a hurricane or even labor strikes. in 2011, a tsunami and earthquake in japan had wiped out a significant chunk of auto supply chain in the country. if these were not japan’s biggest automakers and electronics - maker with big cash reserves and funding sources, it’s hard to imagine how would they have recovered. but that does not absolve the company from its obligations such as lease payments, interest payments, and salaries. in addition, failure to service debt and bank loans can seriously hurts its reputation, making funding extremely expensive in the future, if at all it survives. grainger is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets .
a substantially higher - debt poses a significant threat to a company’s profitability during a downturn. grainger’s debt to equity ratio stands at 126. 9% and this indicates that the company is holding a high level of debt / liabilities compared to its net worth, and in the event of financial stress may experience difficulty meeting debt or interest obligations. while debt - to - equity ratio has several factors at play, an easier way to check whether it’s at a sustainable level is to check its ability to service the debt. a company generating earnings at least 5x of its interest payments is considered financially sound. in addition, with such a coverage ratio, the earnings remain more stable. in gri’s case the interest on debt is not strongly covered (ideally 5x) by earnings (earnings are 3. 3x annual interest expense) .
our customers come first, from the design of our buildings to the excellent service we strive to deliver .
the management team are great and are always on hand when we have experienced any issues with our apartment - quick and efficient to respond and resolve any problems we have faced .
long term & flexible tenancies with the uk’s leading professional landlord, with all the protections and flexibilities you deserve .
there' s only a handful of brand new two beds left at argo apartments in london. enquire today !
argo apartments is our brand new development in east london, offering free 100mbps wi - fi, great transport links and lots of stylish social spaces such as a resident’s lounge, roof terrace and work zones .
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our dedicated residents page for all the information you need about renting with us .
for tenants, we are a local, responsible and professional landlord. for partners, we offer exposure to a range of opportunities in the residential market in the uk .
for tenants, we are a local, responsible and professional landlord. for investors, we offer exposure to a range of opportunities in the residential markets in the uk and germany .
visit our press centre for the latest news releases, videos downloads and images .
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two more silent soldiers, marking the 100th anniversary of the end of the first world war, have been put up in # aldershot, on the naafi and wellington roundabouts. many thanks to sponsors @ graingerplc and @ pyramidsteel urltoken
ready to run! we’re helping to raise money for @ landaid and end youth homelessness. # landaid10k # graingerforgood # charityrun # property urltoken
looking forward to cheering on all our amazing @ graingerplc runners in the # landaid10k this afternoon. best of luck # graingerforgood # powergraingers # volunteersweek
great to see things progressing on site in southampton where we are bringing 132 new homes for rent .
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safestore has 120 self storage centres in the uk including two business centres and a further 26 stores in the paris region .
safestore was founded in the uk in 1998. it acquired the french business “une pièce en plus” in 2004 which was founded in 1998 by the current safestore group ceo frederic vecchioli .
november: safestore completes the acquisition of alligator self storage, adding a further 12 stores to the uk operation .
june: une piéce en plus opens a new store at combs - la - ville in paris .
december: the safestore group has a total of 134 self storage centres. 109 in the uk and 25 in the paris region .
september: a new store in altrincham and a relocated store in birmingham opens .
july: safestore confirms the acquisition of space maker adding 12 stores to the uk operation .
safestore has nearly 100 stores in the uk including two business centres trading under the safestore name and a further 24 stores in paris trading as une pièce en plus .
in october safestore was promoted from the reserve list into the full ftse 250 index .
in september, frederic vecchioli, the president of our successful une pièce en plus business in france, was appointed as chief executive .
peter gowers appointed chief executive officer upon the retirement of steve williams. frederic vecchioli appointed to the main board .
safestore aired its first tv ad campaign this year. more than one million people viewed the ad on youtube – view the ad here .
safestore has more than 90 stores in the uk including 3 business centres trading under the safestore name and a further 22 stores in paris trading as une pièce en plus .
safestore continues to grow through new store openings and has many more at various stages of planning due to open soon .
in march, safestore successfully listed on the main market of the london stock exchange. the offer price was set at £2. 40 per ordinary share implying a market capitalisation of approximately £449 million and an enterprise value of £661 million .
safestore acquired selfstore adding three stores to the group portfolio in the north west .
safestore invested significant capital into the spaces stores to improve the facilities offered and re - branding to create a national company under the safestore brand .
safestore acquired 17 stores from access france and disposed of seven of the non - core stores, adding 10 stores to une pièce en plus, the group’s french subsidiary. these were all re - branded une pièce en plus .
the acquisition added 31 freehold / long leasehold and 16 short leasehold stores, under the ‘spaces’ brand and seven sites in france under the ‘une pièce en plus’ brand. this created a chain of 79 stores and made safestore the no. 1 self storage provider in the uk and second largest in europe .
de - listed from aim after £39. 8 million management buyout led by steve williams and supported by bridgepoint .
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the 1 year high share price is 323. 20p while the 1 year low share price is currently 248. 70p .
new policy appears to make a lot of sense. the equity release division was presumably making little profit after finance and admin charges so that the return was not acceptable. hopefully the share price will pick up with the revised dividend policy and also the activist interest from crystal amber but i' m certainly happy with today' s results and presentation .
article doesn' t actually understand what a regulated tenancy is by the sounds of it - you don' t
allow
a regulated tenant to pay under market rent - the rents and the increases allowed are set by the local rent officer - you don' t get a choice. they will be below market rents for the duration of the tenancy - they don' t normally leave unless they die and there are some circumstances where the tenancy can be passed on - hence the discount to open market value of the property which can only be realised when sold when its vacant - so no matter who might buy the company they still couldn' t cash in on that reversionary surplus. the other half of the assets are from equity release schemes. puchased at an even bigger discount because there is no rent payable and the occupant has the right to stay until they die. cant cash the reversionary value in there either a lot of good news around with this company and no real reason its share price should lag so far behind its value good to see some refinancing and look forward to a better dividend !
nice breakout to 5 year high. this is a one way bet as share price is close to reported net asset value yet there is plenty of opportunity to be unlocked as activist funds are already putting plans in place .
just goes to show they don' t actually understand what the portfolio is comprised of. the reversionary element they want to get their hands on is there because the majority of the properties are occupied by protected tenants with security of tenure, without vacant possession that can' t be taken advantage of. share price is lower than it should be though. i doubt they are going to lose too much sleep over a 3% stake. there are investors with much higher stakes
what is going on here then... share price seems to be falling a fair bit. . labour' s rent control plan? ?? ? ?
great set of results, not much of a response from share price yet. presentation is on website. hxxp: / / www. graingerp
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with an roe of 12. 78% , has culp inc’s (nyse: culp) management done well ?
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when a company is faced with an extreme event undercutting its profits or disrupting its operations temporarily, it’s the company’s ability to meet short - term obligations which allows it to remain in the business. these factors make a basic understanding of a company’s financial position of utmost importance for a new investor. here are a few basic checks that are good enough to have a broad overview of the company’s financial strength .
not only have these stocks been reliable dividend payers for the last 10 years but with the yield over 3% they are also easily beating your savings account (let alone the possible capital gains) .
cameron graduated from a double degree in finance and economics. he currently works as an analyst at a small asset management company. he has never been a fan of shorting, and has always believed that the only type of investment strategy is going long for the long term. he says the best way to get into the market is to find a mentor who has invested and to read a lot of books and articles. reach cameron by sending an email at cameron. brookes @ urltoken .
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grainger plc ( lse : gri ) is a british-based residential property business . it is headquartered in newcastle upon tyne and is a constituent of the ftse 250 index . 
grainger plc (lse: gri) is a british-based residential property business. it is headquartered in newcastle upon tyne and is a constituent of the ftse 250 index.
grainger plc (lse: gri) is a british-based residential property business. it is headquartered in newcastle upon tyne and is a constituent of the ftse 250 index.