George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
HSBC starts Segro with 'buy' - price target 964 pence
SP been on a dip this year but overall trend is up last 6 months. Recent range is 750 to 910 and lately towards the mid/lower part of the range. Up 2% today despite recession announced and anyway results tomorrow. We'll see. I reckon as rates and inflation fall this year and the economy improves it will be a good year in the end for SGRO. Might be a few bumps along the road but by end of year should be OK.
£10 won't be long off.
Well that 900 came quicker than I was expecting !! Onwards and upwards.
Seems a good bet at 740
Following recent results anything under 700 would be a good buy point. Economy bound to improve from here into 2024.
Around this one. Good 16% rise in last few days. Nice for trading the margins. Got a boost today with inflation coming in lower than expected meaning chance of future interest rate rises has diminished. If the tide has turned then under 800 seems a good buy. If UK economy improves can expect to see 900. SP was 1400 in 2021.
Why sell at 824?
Sold @824p. Quick 11% in 2 months. Nice one for trading ranges at the moment.
UD well done but the divi has been wiped by the price drop today.
Bought them back @756p. I'm going to keep trading this range 750 to 820. Also as a bonus I get small divvi on Thursday !
That's a pretty heavy purchase by a director.
"Segro revealed on Monday that chairman Andy Harrison had acquired 115,379 ordinary shares in the FTSE 100-listed property investment and development company.
Harrison, who was appointed to the role in June 2022, purchased the shares at an average price of 861.11p each, for a total value of £993,539.14.
Following the transaction, Harrison holds an interest in 231,694 ordinary shares in Segro."
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=12400946&type=bsm
Today's Results
The fall in net assets wasn't too bad and the rental growth and pipeline are good.
Should, IMHO, see the current price relative maintained. I'm not buying more but
I'm not selling either.
Just in:
final div 18.2;
xd March 16;
paymt May 04.
Up 8% yesterday, down 5% today - WTF is going on?
Cashed some in. Made a quick 14% in a month so had to reduce holding. Will look to come back in if sub 700 seen again.
At one point SP was down to 669p then shot up nearly 8% around midday to 721p. Very volatile markets today - can't remember seeing anything like it. All down to BOE stepping in to buy govt bonds. Builders and energy stocks did similar bounce.
Another nice rise today.
Pretax profits up 28%, eps up 22%, NAV up 10%, £55m of new rent commitments (up 35%+), divi up 9.5%.
Glad I topped up on the dip. Back over £12 soon?
Hopefully price will respond to these set of strong interims.
Outlook looks solid as well with largely capped or fixed interest rates and inflation protection on rents and SEGRO looks a good hold for me.
Added a second tranche at @960.
Added another 15% to my holding at £11.03, first top up in 7 years, taking my average up to £4.72.
It really doesn't make sense that this has reduced in market value by 30% in a week
Agreed
Amazon reports a loss (largely due to its write-down of its investment in EV maker, Rivian) and the UK warehousing/industrial/REIT sector sees the mark-downs in SPs over the last 2/3 weeks. Ridiculous and absurd.