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Pin to quick picksGround Rents Share News (GRIO)

Share Price Information for Ground Rents (GRIO)

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Share Price: 29.20
Bid: 28.40
Ask: 30.00
Change: 0.00 (0.00%)
Spread: 1.60 (5.634%)
Open: 29.70
High: 29.70
Low: 29.20
Prev. Close: 29.20
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TRADING UPDATES: Iofina optimistic; Metals Exploration ups outlook

Thu, 20th Jul 2023 18:52

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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AEW UK REIT PLC - UK regional commercial property-focused real estate investment trust - Net asset value per share as at June 30 rises 1.5% to 107.03 pence from 105.48p as at March 31, but is 15% lower than 126.50p a year ago. NAV total return for first financial quarter is 3.4%, picking up from 2.4% in the previous quarter but down from 6.5% a year ago. Quarterly dividend is flat annually at 2.00p per share.

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Ground Rents Income Fund PLC - London-based investor in long-term, income-generating assets across the UK - Net asset value as at March 31 rises to 94.3 pence per share from 93.6p a year prior. NAV total return for half-year to March 31 improves to 3.3, from the negative 7.7% registered a year prior. Chair Barry Gilbertson says: "The significant activity carried out by the board and Schroders over the past several years means there is a clear strategy to address the complex headwinds relating to building safety and leasehold reform, and thereby to optimise value for shareholders, whilst demonstrating best-in-class residential asset management. We will continue to provide a high level of transparency on progress implementing our strategy."

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Inland Homes PLC - South England-focused brownfield developer, housebuilder and partnership housing company - Hails legal completion of first phase of homes offered for private sale at its joint-venture Cheshunt Lakeside in Hertfordshire. Further, joint-venture exchanges 15-year lease for 350 square metre commercial space within the phase with Tesco PLC. Inland Homes Interim Chief Executive Officer Nish Malde says: "We are delighted that our joint venture interest has completed the sale of the first 22 homes offered for private sale within this development and exchanged a commercial lease with a national supermarket chain."

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Iofina PLC - London-based iodine producer - Produces 241.5 metric tonnes of crystalline iodine from its five IOsorb plants in north-west Oklahoma, within its own projected range of 235 to 250 metric tonnes for the period. It is an increase of 7.5 metric tonnes from a year ago. Further, says iodine spot prices have remained steady near USD70 per kilogramme throughout the half-year, unchanged from a year ago and up from USD50 at the start of 2022. Looking ahead, CEO Tom Becker says: "We are on course to deliver a considerable uplift in second-half production. Importantly, demand for our products remains high and we are benefiting from the iodine spot price maintaining its USD70/kg level."

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Metals Exploration PLC - Philippines-focused gold producer - Reports record half-year and quarterly gold sales. In the first half, sells 46,186 ounces at an average price of USD1,939 per ounce, up from 30,676 ounces at an average of USD1,878 a year before. Consequently, first-half revenue rises year-on-year to USD89.6 million from USD57.6 million. Says operations have exceeded expectations, and raises full-year output guidance to 78,000 to 81,000 ounces of gold, compared to the previous guidance range of 68,000 to 72,000. Also trims all-in sustaining cost guidance slightly. CEO Darren Bowden says: "The company’s cash flows remain strong, and we continue to make substantial debt repayments, whilst also looking to finalise the mezzanine debt position as soon as is practicable."

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MP Evans Group PLC - Kent, England based Indonesia-focused company which produces crude palm oil through sustainable methods - Crude palm oil production in the first six months of 2023 grows 3.4% annually to 166,200 tonnes from 160,800 tonnes a year prior. Average crude palm oil price at mill gate at the end of June declines 27% to USD755 per tonne from USD1,035 a year ago. Palm kernel output declines 1.4% to 34,600 tonnes from 35,100 tonnes. Production of own crop of fresh fruit bunches falls 5.2% to 408,100 tonnes from 430,400 tonnes, citing seasonality, while independent crops purchased increase 26% to 188,100 tonnes from 148,900 tonnes. Looking ahead, the company expects higher cropping yields in the second half of the year.

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Trinity Exploration & Production PLC - exploration and production company focused on Trinidad and Tobago - Oil production in second quarter of 2023 declines 6.5% annually to an average of 2,824 barrels of oil per day from 3,019 bopd a year prior. Average realised oil price falls 34% to USD63.7 per barrel from USD96.8 a year ago, and 6.2% from USD67.9 in the first quarter. Output sales guidance for 2023 unchanged at 2,800 to 3,100 bopd, compared to 2,975 bopd in 2022.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Apr 2024 20:10

TRADING UPDATES: Pennant trading in line; Coro requests suspension

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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2 Apr 2024 16:27

TRADING UPDATES: Ground Rents refinances; ECR Minerals loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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4 Mar 2024 16:21

UK shareholder meetings calendar - next 7 days

Tuesday 5 March 
Ajax Resources PLCGM re extension of investment mandate
Beowulf Mining PLCGM re capital raise
CC Japan Income & Growth Trust PLCAGM
Driver Group PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
Jersey Electricity PLCAGM
UK Oil & Gas PLCGM re capital reorganisation
Wednesday 6 March 
Ecofin Global Utilities & Infrastructure Trust PLCAGM
Mila Resources PLCAGM
Paragon Banking Group PLCAGM
Thursday 7 March 
Asia Strategic Holdings LtdAGM
CT UK Capital & Income Investment Trust PLCAGM
Henderson Opportunities Trust PLCAGM
XPS Pensions Group PLCGM re directors' remuneration policy 2024
Friday 8 March 
Allergy Therapeutics PLCAGM
All Things Considered Group PLCAGM
Chenavari Toro Income Fund LtdAGM
Neo Energy Metals PLCAGM
Schroder UK Mid Cap Fund PLCAGM
Silverwood Brands PLCGM re proposed share capital reduction
Monday 11 March 
Ground Rents Income Fund PLCAGM
Ramsdens Holdings PLCAGM
River & Mercantile UK Micro Cap Investment Company LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Feb 2024 11:51

Ground Rents Income sells Bristol and Exeter assets for GBP3.5 million

(Alliance News) - Ground Rents Income Fund PLC on Friday said that it has sold its freehold ground rent interests in Bristol and Exeter for a combined value of GBP3.5 million.

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26 Jan 2024 11:52

IN BRIEF: Stelrad says 2023 results to be in line with expectations

Stelrad Group PLC - Newcastle upon Tyne, England-based manufacturer and distributor of steel panel radiators - Says 2023 adjusted operating profit will be about GBP29 million, in line with market consensus of GBP28.5 million but down 15% from GBP34.0 million in 2022. Revenue is about GBP308 million, down 2.6% from GBP316.3 million the year before. Excluding the full-year benefit from Stelrad's acquisition of Radiators Spa, like-for-like revenue is down 13%. Stelrad says high inflation and rising interest rates reduced new construction and renovation activity in the second half of last year.

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20 Nov 2023 18:23

TRADING UPDATES: Eqtec to restucture; Bushveld to sell Cellcub stake

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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6 Jun 2023 10:00

Ground Rents Income net asset value falls on challenging environment

(Alliance News) - Ground Rents Income Fund PLC on Monday reported a yearly net asset value fall amid the implementation of the building safety act in the UK.

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17 Apr 2023 15:43

UK shareholder meetings calendar - next 7 days

Tuesday 18 April 
AIQ LtdAGM
Braemar PLCGM re capital reduction
Franchise Brands PLCAGM
Herald Investment Trust PLCAGM
Porvair PLCAGM
XP Power LtdAGM
Wednesday 19 April 
British American Tobacco PLCAGM
Hunting PLCAGM
Primary Health Properties PLCAGM
RM PLCGM re sale of the RM Integris & Finance Business 
SThree PLCAGM
Tekmar Group PLCGM re placing and subscription
Thursday 20 April 
Cineworld Group PLCGM re loss of capital
Jarvis Securities PLCAGM
Franchise Brands PLCGM re acquisition of Pirtek Europe
Relx PLCAGM
Haleon PLCAGM
Friday 21 April 
Aukett Swanke Group PLCAGM
Murray International Trust PLCAGM
Senior PLCAGM
System1 Group PLCGM re board changes
Monday 24 April 
CentralNic Group PLCAGM
Ground Rents Income Fund PLCEGM re changes to the investment policy and new board fees
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
21 Mar 2023 15:44

UK shareholder meetings calendar - next 7 days

Wednesday 22 March 
abrdn Private Equity Opportunities Trust PLCAGM
Asia Strategic Holdings LtdAGM
Circle Property PLCEGM re final disposal and cancellation
Genel Energy PLCAGM
Harmony Energy Income Trust PLCAGM
Titon Holdings PLCAGM
Thursday 23 March 
Blackrock Throgmorton Trust PLCAGM
Crest Nicholson Holdings PLCAGM
Driver Group PLCAGM
Goldplat PLCAGM
Hardide PLCAGM
Idox PLCAGM
LPA Group PLCAGM
Zaim Credit Systems PLCGM re director removal and name change to Adalan Ventures PLC
Friday 24 March 
Faron Pharmaceuticals LtdAGM
In The Style Group PLCGM re sale of only subsidiary; becoming cash shell named Itsum PLC
Kitwave Group PLCAGM
Midatech Pharma PLCGM re cancellation of the admission to trading on AIM and name change
Quartix Technologies PLCAGM
SME Credit Realisation Fund LtdEGM re cancellation of the company's listing
Monday 27 March 
Let's Explore Group PLCGM re off-market purchase of the Company's ordinary shares 
Oncimmune Holdings PLCGM re directors' remuneration
Tuesday 28 March 
Autins Group PLCAGM
Cindrigo Holdings LtdAGM
Ground Rents Income Fund PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Dec 2022 21:09

TRADING UPDATES: Ground Rents Income Fund's portfolio value drops

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Jun 2022 12:17

EARNINGS UPDATES: Live Co revenue rises; Ovoca cautions on Russia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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17 Dec 2021 14:59

Ground Rents Income Fund NAV down due to regulatory uncertainty

Ground Rents Income Fund NAV down due to regulatory uncertainty

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6 Oct 2021 21:54

TRADING UPDATES: Galliford signs LHC deal; Polarean turned down by FDA

TRADING UPDATES: Galliford signs LHC deal; Polarean turned down by FDA

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16 Sep 2021 14:43

IN BRIEF: Ground Rents Income recruits Mortgage Advice Bureau chair

IN BRIEF: Ground Rents Income recruits Mortgage Advice Bureau chair

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