Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I see that Motley Fool's Rupert Hargreaves is de-ramping this stock, saying its value is dependent on a no-deal brexit. however he doesn't offer a detailed assessment and his opinion is challenged by this much better article back in November:
https://www.investorschronicle.co.uk/tips-ideas/2018/11/01/segro-set-to-grow/
Hargreaves article fails to mention that Segro has assets in several EU countries, not just the UK and that it is not dependent on brexit panic but on the move from traditional retail to online.
https://www.fool.co.uk/investing/2019/02/01/watch-out-below-i-think-these-ftse-100-stocks-could-collapse-in-2019/
He suggests the dividend yield of "2.8%,[is not] enough to offset the potential capital losses investors could suffer." but does not mention that the dividend cover is a very comfortable c. 5.8.
No doubt he was paid handsomely for his article even though it is lacking in detail and if he is wrong he will suffer no consequences.
Yes you are correct - Final results next month. The Final accounts last year were filed on 16th February, so should be about a similar date (interim accounts were more than reasonable)
It's an ill wind.. And I am now back in profit. Final results next month, I think.
Possibility of an adjustment to rates in the budget on Monday. If things are changed it won’t be good for SEGRO, however warehousing will still be a solid business. Just feel that for now we won’t see any great recovery in the share price.
Liberum has a 'buy' rating on Segro.
https://www.proactiveinvestors.co.uk/companies/news/207264/segro-logs-43-rise-in-new-leasing-deals-in-third-quarter-207264.html
Trading update pdf: http://www.segro.com/investors/reports-and-presentations/financial-reports/2018/17-10-2018?sc_lang=en
Fears that world market values are too high after a decade-long Bull market, worldwide security issues due to regimes murdering opponents with impunity, possibility of an oil price spike to over US$100 a barrel if Saudi retaliates to sanctions - oh, and something called Brexit and the increasing likelihood of no deal.
In Turkey at the moment so out of the loop.Why the big share price drop recently
"Sharecast News) - SEGRO has signed an agreement with a group of institutional investors for a private placement of €300m 10-year and 15-year senior unsecured notes, it announced on Thursday.
The FTSE 100 firm said the issue consisted of two tranches - €100m at a fixed coupon of 1.82% due 2028, and €200m at a fixed coupon of 2.37% due 2033.
It said that translated to a weighted average coupon of 2.19%, and a weighted average maturity of 13.3 years.
Pro forma for the position as at 30 June, and adjusting for the recently-announced redemption of the remaining £102m SEGRO bonds due 2019, the impact of the transactions was said to be to extend the company's average debt maturity to 11.6 years, and reduce the average cost of gross debt to 1.9%, including joint ventures at share and excluding commitment fees and amortised costs.
The proceeds would be used for general corporate purposes, with the board confirming the new issue would rank pari passu with SEGRO's existing unsecured bank and bond debt.
"The support we have received from our existing and new investors for our second US private placement debt issue is a further endorsement of the strategy we are pursuing at SEGRO," said chief financial officer Soumen Das.
"It will increase SEGRO's weighted average debt maturity and will further improve the natural currency hedge for our euro-denominated assets."
"
wheres the RNS lol
Well done moorhey, I bought on Friday at 608p. Planning to hold for years. Have lost too much money speculating on AIM. I can’t find anything more solid than this. Lots of high street retailers and their landlords are struggling with the minimum wage rising but I can’t see that doing SEGRO any harm. I intend to add a lot more here later this year or next if the share price doesn’t run away with itself.
My first purchase was when the SP was at 355 and I'm not selling yet, I reckon this has a long way to go, it will probably top 700 by the year end and, post-Brexit, it is well-positioned to do well as a defensive holding - we could see 800+.
Upward ascent!!
Good price you got. My finger been hoovering over the sell button!! but price looking even better today. Decisions decisions. Going to set a stop loss and will raise that if SP continues its upward decent. Any sell will go towards paying the mortgage off, before I reach 50. Mucklow appears to be a sound investment. Cheers
Hi David sold at about £5.85 and bought mucklow at about £5.10 .It was to increase my future dividend payouts when retired. £6 is now here as you wished
SGRO Segro PLC, industrial warehousing. The big retailers like M@S are crying out for depots like this to enhance there Online Business. Far more to come from the TA analysis. Forward P/E 24.6 to 2019., not cheap but quality. https://pbs.twimg.com/media/DXxu1fuWAAAcD6g.jpg
Hi Radvale, did you get a good price? Personally looking for the magical 600p figure, but will it get there?? More talk out there about the markets rolling sometime soon. We are now apparently in the second longest bull run since 1900.
Hi Radvale, did you get a good price? Personally looking for the magical 600p figure, but will it get there?? More talk out there about the markets rolling sometime soon. We are now apparently in the second longest bull run since 1900.
hi Davbro yes good results I have sold nearly half of my holding bought some mucklow shares .Nearly able to retire lol
Back in the land of the living! Profits did not double but are up 25.7% NAV 556p and the all important divi is up 6.1% Strong results IMO http://www.proactiveinvestors.co.uk/companies/news/191768/segro-sees-full-year-2017-profits-jump-25-after-record-level-of-development-completions-191768.html
SP in leaders board. Profits double! Can't read much more at the moment. Away with no - limited wifi. Will catch up at weekend
I agree the divi needs to catch up with its peers. I thought the SP was beginning to look rather toppy. Not so according to Broker Liberum who has raised the target price to 640p "The brokerage said it expects full-year results to confirm sustained strong occupier demand supporting like-for-like rental growth and development completions at an attractive 8% yield on cost" https://www.digitallook.com/news/broker-recommendations/segro-boosted-by-liberum-upgrade-to-buy--3031481.html
And still rising with 12 month high achieved yesterday. I will probably will stick with SEGRO for the time being. They have a lot going on at the moment!! Here is a couple of examples.... http://www.shdlogistics.com/news/segro-to-develop-230000sq-ft-facility-in-hayes http://www.shdlogistics.com/news/segro-lettings-hat-trick-fills-remaining-space-in-three-estates-across-lond
Hope the divi goes up and I think it will after the benefits from the massive injection of cash for the developments comes to fruition .Still a good mid term investment here .Trading well above its current nav though
Yes was set to buy and missed the boat liked the high divi too.Segro however continues its steady rise under the radar