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Apology, overhead supply figure 260, not 270. The big picture is a horizontal support line under the major troughs, and the upside down trendline. Upside potential, depends on the down trendline already mentioned being breached upward. DYOR.
Short term down trend line at 262.35 today, and medium trend down trend line at 267. Overhead supply, from previous trading at 270. Sector chart is bullish today.
Looking good
Bullish break of triangle price formation , with projected price target 279. The sector chart has recently accomplished a bullish pivot break , which gives confirmation to the bullish bias.
I can't understand it,either. Well managed, good product, financing fine. I'll hang on a bit longer.
Residential rented property is the only market I really understand, and I'm a bit tired of waiting for this SP to rise. Heavily invested in MTVW too. Both way undervalued IMO. Think I'll bail out of GRI now.
i foresee multiple claims from Lloyds from aggrieved tenants....which Lloyds will pay out as they appear to have done for every claimant for anything. If I were Lloyds and John Lewis, come to that, I would leave it to the professionals, like Grainger.
Andy Brough mentions Grainger #GRI in the latest PIWORLD interview at 12m15s
Watch the video here: https://www.piworld.co.uk/education-videos/piworld-interview-with-andy-brough-markets-lessons-learned-in-2021/
Or listen to the Podcast here: https://piworld.podbean.com/e/piworld-interview-with-andy-brough-markets-lessons-learned-in-2021/
I thought that once we got to 300, that the price would start to soar..but happy with current slow and steady increases. This is a good long term hold IMO.
Nice worl if you can get it. Placed at 310p when retail price was 325p. Not for us oiks though .
It's creeping up quietly....
They are planning to buy 50000 houses, to rent out, new housing I understand. This is a huge endorsement of the private rented sector and if it comes off they will be bigger than GRI. But I can only see positives for this share, the sector is growing and there's room for all sorts. They've done this sort of thing in the past when they got into house selling...when the real long term investment was really in property management, which is what they've gone for now.
Nice steady rise lately. Wonder why... not that it matters...
A nice bit of financial re-jigging today. Plus, rents coming in and arrears stable.
Woo hoo !
......300p and here we are
SP Moving back up, slowly but surely.
Values may drop but , if the demand is there, I think rents will not drop.
Agreed, needs to get to 300 to be back at pre covid levels. Unlikely with an expected, in my opinion, fall in property prices and rents.
Great management executing a good model in carefully chosen cities. Low yield but you rarely get everythimg
Yes, agreed , did a quick calculation and share price would drop by 9% purely on the dilution that is about to take place. So shares are not down at all today on that basis. Any drops or rises from now on are down to other factors.
I think the drop today is because it has gone ex-rights
Shame this is getting hit but ready to buy back after brexit commotion as previously stated in September.
Those of us that held Grainger in 2008 will remember the bumpy ride following the property crash. This has had a good run and I am taking some profit over the coming months with a view to seeing where this is sitting post brexit. Grainger are much stronger now but the markets could hammer this if property prices continue to drop. They are very South East based never really expanded into Germany. Sure there is a counter argument with pound dropping etc but cash could be king post March 2019.
Property investor Grainger PLC acquired a 261 home build-to-rent scheme in Buckinghamshire for GBP63.0 million from Peveril Securities Ltd. Grainger has conditionally agreed to buy the project in Milton Keynes which will be developed into a 261 home private rented sector site. The scheme has planning consent but the deal depends on the completion of a new YMCA building adjacent to the site. This will be part of the first phase of the wider development of the area. THe YMCA building is expected to complete in the third quarter of 2019. Grainger said it expects the home to be completed by the second half of 2021. On completion, it expects the investment to have a yield on cost of 6.3%.