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Interims.
I’d suggest that the only way for this stock continues to be up. The demand for more and better warehousing can only increase.
10% in 6-weeks, not too shabby!
Ok, a couple of days out..
This week?
https://www.lse.co.uk/rns/SGRO/segro-publishes-its-green-finance-framework-pnq1piq67x024yw.html
There's a lot of growth left in SGRO. The only thing that will slow this company down is lack of properties to expand into - but while the shift from high street spending to internet continues (although that growth will slow eventually), there's nothing to impede SGRO apart from lack of expansion properties.
The Times giving Segro a boost:
https://www.thetimes.co.uk/article/watch-this-space-booming-segro-advises-its-investors-2bfknw5pz
Is that a good sign? What’s in it for the dirty digger?
Onwards and upwards.
How much resistance is there in the system?
My posts disappear. I post again and get duplicates.
Sorry folks!
It is a well-worn cliché that the people who make money during a gold rush are the ones selling the shovels. From controlling warehouse floor space to understanding how to deliver supply chain efficiencies, logistics companies provide the tools by which global e-commerce functions. The result of this is an industry now valued at c.£310bn globally and anticipated to grow at c.5% CAGR until 2025. Private equity has been quick to recognise the return potential implied by these sector fundamentals.
https://theloadstar.com/why-private-equity-is-into-logistics-and-here-to-stay/
TOP NEWS: Segro collects 89% of rent due for second quarter of 2021
https://www.lse.co.uk/news/top-news-segro-collects-89-of-rent-due-for-second-quarter-of-2021-v942rheztc93iv9.html
"It is a well-worn cliché that the people who make money during a gold rush are the ones selling the shovels. From controlling warehouse floor space to understanding how to deliver supply chain efficiencies, logistics companies provide the tools by which global e-commerce functions. The result of this is an industry now valued at c.£310bn globally and anticipated to grow at c.5% CAGR until 2025. Private equity has been quick to recognise the return potential implied by these sector fundamentals."
https://theloadstar.com/why-private-equity-is-into-logistics-and-here-to-stay/
Nice opportunity.
Goes XD on 18 March. 15.2p final divi, paid 4 May.
Not too shabby:
"Adjusted pre-tax profit of £296.5 million up 10.8 per cent compared with the prior year (2019: £267.5 million). Adjusted EPS is 25.4 pence (2019: 24.4 pence).Adjusted NAV per share is up 16.3 per cent to 814 pence (2019: 700 pence) mainly due to a 10.3 per cent increase in the valuation of the portfolio driven by asset management, our development activity and yield compression.A record leasing and asset management performance with £77.9 million of new headline rent in 2020, including £41.1 million of new pre-let agreements.Net capital investment of £1.3 billion through key strategic asset acquisitions, development projects and land purchases.Near-term earnings prospects underpinned by 1.2 million sq m of development projects under construction or in advanced pre-let discussions equating to £81 million of potential rent, of which 75 per cent has been pre-let, substantially de-risking the 2021 pipeline.Over £1 billion of new equity and debt financing, helping to strengthen the balance sheet for further, development-led growth. LTV of 24 per cent at 31 December 2020.2020 full year dividend increased by 6.8 per cent to 22.1 pence (2019: 20.7 pence). Final dividend increased by 5.6 per cent to 15.2 pence (2019: 14.4 pence).
RE-LAUNCHING OUR RESPONSIBLE SEGRO FRAMEWORK: NEW FOCUS AREAS AND MORE AMBITIOUS GOALS"
Cut my long term holding back by 20% - at nearly 10% of my wife and my combined ISAs, it was a bit too big, and other opportunities to push income up a bit. Held since 2014, so no complaints in capital gains terms.
..19 February.
After GSK and ULVR.. brace , brace..?
GOLDMAN SACHS RAISES SEGRO PRICE TARGET TO 1,200 (1,110) PENCE - 'BUY'
JEFFERIES RAISES SEGRO PRICE TARGET TO 999 (945) PENCE - 'HOLD'
SEGRO plc ("SEGRO") (LSE: SGRO, EPA: SGRO) announces that it has unconditionally agreed to acquire a further 74.9 per cent of the share capital of Sofibus Patrimoine ("Sofibus" or "the Company") for €313.71 per share. Following its acquisition of a 19.5 per cent interest in 2018, and upon completion of the transaction, SEGRO will own 94.4 per cent of Sofibus. SEGRO will file a simplified mandatory tender offer for the Sofibus shares not owned by SEGRO, at the same price of €313.71 per share, and intends to implement a squeeze-out procedure in order to delist the Company from Euronext Paris.
Benefits to SEGRO
"This transaction provides SEGRO with the following benefits:
Allows SEGRO to add critical mass to its Paris urban warehouse portfolio, a core market in Continental Europe. SEGRO’s urban warehouse assets in Paris represent over 350,000 sq m of space. This transaction increases the size of SEGRO’s portfolio in Paris by approximately one-third.
Provides exposure to a prime urban warehouse market displaying strong demand and supply characteristics.
Secures ownership of PAPC which is a large-scale, ring-fenced industrial estate with good access to central Paris and which provides an opportunity to actively manage and increase rents on the estate over time.
Gives SEGRO access to land for further urban warehouse development projects in Paris."
https://www.businesswire.com/news/home/20201214005874/en/SEGRO-to-Acquire-Controlling-Interest-in-French-Urban-Warehousing-Company-Sofibus-Patrimoine
"Segro PLC on Friday said it will begin trading on the Paris stock exchange next week after having a secondary listing approved.
The FTSE 100 real estate investment trust expects admission to Euronext Paris take place on or around Tuesday.
Segro said the listing is of great importance, particularly due to the looming end of the Brexit transition period at the end of the year.
"The secondary listing reflects the growth and importance to the company of its continental European investor base and operations. It manages a EUR6.2 billion portfolio in continental Europe and the secondary listing will ensure that Segro can maintain an optimum and efficient holding structure in respect of these assets following the end of the Brexit transition period on December 31, 2020," the London-based company added.
It will not issue any new shares in relation to the listing."
How can a warehousing company operating throughout Europe can fail to do well regardless of Brexit? In the UK, stockpiling is the name of the game given the chaos starting to screw up trade (see Felixstowe). The demand for Segro's services should be guaranteed and it's evidence they aren't standing still is in this superbly connected new development:
https://www.segro.com/property-search/property-map?sc_lang=en#/detail/segro-logistics-park-east-midlands-gateway
I am not looking forward to Brexit on 1 January 21 but Segro results day on February 21 might help sweeten the bitter pill.
Looks like it's on the way up again, judging by +5% SP uplift today.
I've sold today having made a 11% profit over the last 12 months. Very happy with that as the FTSE has dropped 27% during that time. The positive momentum seems to have petered out recently.
"Going forward, Segro noted that the structural trends that have been contributing to occupier demand for its space over recent years have strengthened as a result of the pandemic.
“This is already starting to show in elevated take-up levels: for example UK logistics take-up hit record highs in the first six months of the year, 44% higher than in the same period last year," it said.
eCommerce penetration has accelerated markedly across all our markets, it added, there is a renewed focus on the efficiency and resilience of supply chains, and the demand for data centre space is increasing as a result of the need for additional data storage to support remote working and video streaming services."
https://www.proactiveinvestors.co.uk/companies/news/925864/segro-raises-dividend-almost-10-and-says-logistics-property-demand-is-booming-925864.html
Half Year 2020 Results
"05 Aug 2020
The virtual presentation by David Sleath, Chief Executive Officer and Soumen Das, Chief Financial Officer, will begin at 08:30am (UK time)."