Ground Rents Share Price (GRIO)

Https://www.londonstockexchange.com/news-article/GRIO/unaudited-portfolio-valuation-as-at-31-march-2026/17547121

Ground Rents Income Fund plc announces that Savills Advisory Services Limited ('Savills') has provided an unaudited independent valuation of the Company's portfolio as at 31 March 2026 of £29.5 million. This represents a like-for-like reduction over the six-month period (net of disposals) of £21.6 million or 42.3% (30 September 2025: £56.2 million or £51.1 million on a like-for-like basis).

Was looking to buy some of these before the Leasehold Reform Bill but got lucky and did not. Think this will not end well for everyone including the lease holders.

Surely we're due an update on how things are going on the various Portfolios they've been trying to sell ...............which says to me that they've not found buyers..........or if they've found buyers they've not been at the right offer amounts........and all the while the ridiculous levels of fees charged continue to be spent..........

The recent divestment was very encouraging:

-> Giving credibility to the recent updated valuation of the assets at £71m

-> Reducing debt 38%, taking away any issues over potential debt issues and reduces interest cost for 2025 and going forward when the higher interest rates kicks in.

-> Further divestment are likely in the near term, which would reduce debt even further

Wonder what the reason for all the trades is? And some big purchases too? Thoughts?

The chair said it all in the last financial report...

"Together, I hope that my descriptions of all these extensive workstreams illustrate the paradox at the core of the Government’s proposed legislative changes: institutional ownership is an essential part of solving the building safety crisis due to the complex issues and rapidly changing regulatory backdrop. Yet, if the Government legislates (as part of the leasehold reform proposals) that extant ground rents are reduced to a peppercorn, even if over time rather than immediately, then it is likely that much of the institutional investment and support for the sector will disappear. This scenario is likely to happen with multi-asset class investors incurring significant financial loss to the detriment of their shareholders and the likes of pension savers. Furthermore, without appropriate financial compensation by Government, single asset class investors, such as the Company, will likely become insolvent following a total loss of income and capital value, undoubtedly causing great financial harm to our shareholders. If the legislation does not reduce ground rents to a peppercorn, but to one of the other Consultation options, the scenario may not be as severe, but will still raise concerns about freehold owners’ corporate or individual financial viability."

So its a gamble for now on what the government decide.