Added to YB: 2024-12-12
Pitch date: 2024-12-11
GRIO.L [bullish]
Ground Rents Income Fund PLC
-18.18%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Ground Rents Income Fund plc is a closed-ended real estate investment trust, listed on The International Stock Exchange and traded on the SETSqx platform of the London Stock Exchange.
Market Cap
GBP 15.8M
Pitch Price
GBP 0.22
Price Target
33.15 (+18317%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-3.65
EV/Sales
3.30
Sector
Diversified REITs
Category
value
Is the whiff a-GRIO-ble?
GRIO.L: UK ground rent fund trading at 58.3% discount to NAV post-writedowns. £10.1M writedown may reverse as Labour scrapped reforms. Cladding costs mostly factored in. P/E of 11, £1M+ annual profit. 50%+ upside potential, possibly 2-2.5x in sunny scenario. Risks: future reforms, but likely moderate.
Read full article (4 min)