Added to YB: 2024-12-12
Pitch date: 2024-12-11
GRIO.L [bullish]
Ground Rents Income Fund PLC
+15%
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 Limited ('the Company') is a closed-ended real estate investment trust incorporated in England on 23 April 2012.
Market Cap
GBP 25.4M
Pitch Price
GBP 0.22
Price Target
33.15 (+13003%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-1.61
EV/Sales
4.67
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)