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Buying into bhp and or rio does look quite compelling at the moment. Veteran investors like Warren Buffet, Neil Woodford etc always say you should have commodities within your portfolio but how much further will the price of commodities fall? Gold for example is now at a 5 year low. However many analysts, researchers say the bearish cycle is now very close to the bottom. My doubt is the continuing falling demand coming from China. With very little research, but knowing the UK has more pets per population than any other country I very nearly bought into Pets at Home for 185p but decided against it and bought into aue, a gold miner in Liberia, where I did loads of research! Currently down 20% in aue and would have made over 50% in Pets. But I am happy to hold in aue, it is well managed, produces gold at a good low price, could be a takeover target, but does have quite high debt. Rio or bhp would perhaps be a more sensible buy, simply by having more than one commodity, in more than one country and paying out divi's. As we know its the timing of when the bear cycle might come to an end??? GL
Cheers for the info Dav I am not a trader type of investor so a little over my head really .I do a little research invest when low a contrairian really then sell when I think time is right .In the past I have sold some shares that have really shot up like telford homes sold at £1 and psn sold at £5 bvs sold at £5 if I had of kept them I would be a very rich man .But sgro done ok and a little left in the tank imho.My retirement looms so should stay safe and sgro is safe I feel. Hstn I got nervous with and sold and bought back making a slight profit,I had even thought about buying into the bigger miners bhp or rio and hanging on for a commodity uplift .Thoughts Dav
That is some holding you have here! Personally have been in and out over 10 years now and overall done very well, but perhaps in hindsight should have held onto more. I have had a quick look at hstn. Although only a relatively new company, the founders have worked together for 26 years now, but I guess they are probably building the company up to sell on which should give you a good return? The quality of the portfolio is not as good as Segro and I am not sure they need 16 offices to manage them. I found this on the advfn board, althought dated June may still be relevant............. the high short ratio - if it is still in place - is probably just hedging by convertible bond holders. this is very common. unfortunately it doesn't help the share price on a short squeeze as stock is delivered from the converted CB when the short is closed, so no new demand is created for the ordinary shares although one does get better liquidity which in a pretty quiet post can be useful. But on a on a completely different note this gives me the impression of being a really smart, well-run outfit and thus largely a case of sit and hold with just a weather eye on the valuation metrics.
Hi again Dav still holding 97000 shares .Should really diversify but bought this share as a long term punt and should see the restructuring through .I hope the dividend and nav rises significantly .Not too long to wait now for interims sooner or later the results will surpass market expectations when it does maybe I will sell a few .I would like to buy hstn but think they are a little too fly by night for my liking with 8% of shares shorted .
I agree, results of progress not fully showing through yet. To be honest I don't follow the company as much after selling half my shares back in February. I sold at 424p and all my proceeds went on a new car. Now holding 2450 free shares. Although the SP has remained in the 405-440 approx. trading range for sometime now I am very relaxed here and planning to hold for the medium / long term. A big divi increase would be most welcome, can't see it though. History says the BOD is generally very conservative. Have you traded any?
Looking forward to the interim results coming up .I am hoping that finally the company will show that the restructuring is starting to show through.Would like to see nav increase sharply , big dividend increase , more projects starting ,increase in rent roll ,better LTV around 40% or below ,further joint ventures using third party capital.Vacanies would be hard to improve on though.Opinions welcome
3%
Yes still holding .I think sp will rise when divi increases but should continue to rise as developements come to fruition and nav rises anyway.However should diverse as this is my only share .
I agree the dividend increase was very disappointing considering other results reported. Big increase in NAV to 384p and lowest ever vacancy rate of 6.3%. So much so I decided to sell half my holding on Friday. Got 424.25p just short of 428p my second target price. I could only sell during my lunch hour, so a little disappointed to see the sp rise towards the end of the day. 108% profit and only the 2nd time to date that I doubled my money. Now hold 2450 free shares and will let them run. You still holding?
I thought the results were a little underwhelming so surprised at the increase in sp .Why bother increasing dividend by 0.3 % .segro not sincere about their progressive dividend policy going forward.Should reward their shareholders patience .Restructuring all but finished now .
A new 6 year high!
Spoke to soon!, also a few very large sells gone through. Hmmm..........
Been some large buys going through, reported after hours. Wonder if that bodes well for tomorrow???
I agree, we should get a decent increase in the NAV and a good rise in the div would be welcome. An RNS at 7am is no good for me as I leave for work at 7:30am so will not be able to read and digest it until I have got to work. I still have my finger on the sell button. 408p my original target, 428p my revised target. Am I being greedy too greedy, a year ago I said anything close to 400p I would be delighted with and would sell. I will be watching the sp ever more closely for the rest of today / tomorrow. GL
The results are just around the corner .I wonder what we can expect .A hefty dividend rise I hope .The nav should have risen sharply too .Lots of developements completed bringing in more rent .Increase in developements in the pipeline.Decrease in vacant properties .Joint ventures and third party capital .Gearing lower .Momentum going forward with the restructuring.Results should back all this sentiment look forward to the 25th and will get up early to read rns
Hi radvalve. Still here and not yet sold any shares, have you? I have increased my personal target to 428p which would give me 110% profit. We have been very close to this figure, so this week could be the week I sell half my holding, leaving me with free shares. Some of the rise I think can be attributable to the record levels the DOW has reached recently and the FTSE 100 being very close also to all time highs. I think Segro has stuck with its turn around plan, which has done well, plus over the months there has been a steady amount of buying pressure. But will this be the case of buy on rumour and sell on news. If results disapoint the sp is likely to drop. If news is good, could there be a sell off because the sp has been on a fantastic 3 year bull run. Personally dont recommend shares anymore, in the past one did very very well, conversely another performed very poorly. They say you should have gold somewhere in you portfolio, I do with AUE. With the recent drop in oil prices that looks another good sector to be in, with current low share prices in that sector. I am also very optimistic on EDEN and SRT, only because I have invested in both these. No advice given here, as they say DYOR. My best investment to date has been an ISA in Marlborough Special Situations, which has trebled in value but taken circa 9 yrs.
http://www.propertyweek.com/segro-jets-into-rolls-site/5072496.article
First time for a long while that I have seen a broker target higher than the actual SP http://www.stockmarketwire.com/article/4977331/FLASH-Investec-starts-buy-on-Segro-target-445p.html The recent Deutche are nonsensicle. On 12th Jan they had 270p target with a sell rating. Just 9 days later and after reporting a sell for over 2 years!! they now have a hold with 380p target.
Hi Dav plus anyone else out there .The share price has risen quite sharply of late .Is it due to results coming up with hefty div increase and higher property valuation or is there something else pushing the price up .I bought in at £2.25p so with divs I am up about 100% too.Going to hang on for a little more before selling as this is my only share and should diverse really .opinions welcome
That's it now officially doubled my money here!!
Davbro both done ok on this share and want to reduce holding .However think it would be best to wait for the full year results.Still more upward movement on this share imho
£4.00 breached today and a new 1-5yr high and about 8% up on the year so far!
Artemis Investment Management have been buying and now own at least 5% of company. www.lse.co.uk/share-regulatory-news.asp?shareprice=SGRO&ArticleCode=2pr3c004&ArticleHeadline=Holdings_in_Company
Brewin Dolphin analysts have picked 12 stocks to see investors through 2015, focusing on companies they will not just outperform over the next year but over the long term. Segro is 10th on there list http://citywire.co.uk/money/the-expert-view-brewin-dolphins-top-12-stock-picks-for-2015/a790745?re=32176&ea=301161&utm_source=BulkEmail_Money_Weekly&utm_medium=BulkEmail_Money_Weekly&utm_campaign=BulkEmail_Money_Weekly
Investors Chronicle TIP UPDATES: (dated 15th Dec) Property specialist Segro (SGRO) has sold a portfolio of six industrial estates in the UK for £113.8m to Orchard Street Investment Management, a price 10 per cent in excess of the book value in the June 2014 accounts. The sale almost completes Segro’s sale of non-core assets. We keep our buy rating. http://www.investorschronicle.co.uk/2014/12/15/shares/news-and-analysis/news-tips-segro-cohort-carpetright-infinis-more-AOFzys7VsX0zmVtm3gIbhP/article.html