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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.
With about 20 stocks in my portfolio, it's been a bloodbath with rare exceptions.
The question is when does it bottom out? War in Europe will continue if not spread, inflation isn't going away and we are ill-prepared to find enough alternative energy to defund Russia never mind the climate change issue. There is also tension in the Pacific highlighted by the Solomon Islands of all places.
It's a fast-changing world now.
Bought some @1157. Seems oversold.
It makes perfect sense but as you say the values may be rising quite fast. The increase in the SP would suggest that is the case.
It's important for all property owning shares, especially REITs. A lot of share trading websites will include the NAV in a chart alongside other financial information so you can see if the share price is trading at a discount or a premium to the NAV. See Tritax Big Box (BBOX) or Ediston Property Investment (EPIC) as examples.
As SGRO is trading at a premium to the NAV, you could argue it is overvalued, however investors obviously think there will be an upgrade to the NAV when it is next reviewed and we know SGRO are developing a number of properties to increase its portfolio which will be completed in the near future. The shortage of these large warehouses / big boxes in strategically important locations near motorways and large populations that are favoured by the likes of Amazon, THG, ASOS, Aldi etc mean they are definitely going up in value.
Thank you for the information. May I ask why you consider the NAV especially significant with regard to SGRO? It is a factor that seems to be overlooked in reports I have recently read.
The NAV is a much better/useful valuation tool for this share. Using the 31/12/21 NAV (£11.37 per share), the share price is currently at a 17.5% premium to the NAV.
The p/e ratio is currently 3.84
From JP Morgan. Topping up when April's ISA deposit becomes available.
Yep, petty amazing results tbf.
Final divi up 11%, NAV up 40% to over £11/share, pre-tax profit up 20% to £356m, eps up 15% to 29p. Pipeline of over 1m sq' under development, mostly pre-let. All very satisfactory.
Results Friday no?
... and two months later SGRO keeps on delivering. Results tomorrow?
Uncle, some recent wobbles caused by global issues but the need for logistic hubs is growing rapidly and I think the segro sp will continue on its upward trajectory. In my opinion.
Just keep going up. What a beauty of a share.
Seems like I identified the low-point: the SP is up to 1289
A drop of 3% from yesterdays close of 1320p - currently (10:40am) the SP is at 1275.
No obvious reason as far as I know.
Anyone have any ideas?
My Segro share have generated a very healthy return since I bought via Primary Bid placing. Only wish I had bought a lot more. A well managed company in a good space.
“SEGRO to build UK's first multi-storey urban logistics unit”
https://www.shdlogistics.com/property/segro-build-uks-first-multi-storey-urban-logistics-unit
Onwards and upwards..
Lack of Lorries, I guess.
Any reason for the recent falls ?
“SEGRO has been named as the development partner for a plannned £300m food production and manufacturing facility near Derby.“
https://www.constructionenquirer.com/2021/09/21/segro-to-start-300m-derby-food-production-hub/
It's got a fair wind all right.
Back of the net!