George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Maybe a little confidence behind the announcement of LPSG/KFH as managing agents for the imminent release of London properties to market?
It’s a quiet board so this may not be seen for days. Anyone got any idea what’s behind today’s move?
I've sold out 145.25p. Poor timing on my part.
However, feeling concerned about a possible US crash feeding into UK market falls so it seems prudent to hold some cash.
Hopefully it will never happen, but unfortunately crashes do happen.
I see Berenberg raised their target for SGM to £1.90 on the 12th of October that seems more of a medium/long term target for me.
Bought back in at 117.5p.
Maybe should have been more patient. Time will tell.
Yep, I got in at 12p, but sold out today.
The rally seems to be flagging, but I could be wrong.
Lucky enough to buy in a 0.09 some years ago so currently happy!!
Still legs in this rally apparently.
Sigma Capital Group: Berenberg reiterates buy with a target price of 160.0p.
Proactive comment :-
https://www.proactiveinvestors.co.uk/companies/news/929690/sigma-capital-s-london-focused-deal-accelerates-build-to-rent-trend-in-the-uk-929690.html
Good deal today :-
Sigma Capital and EQT Real Estate
launch £1bn Residential Joint Venture
3,000 new rental homes planned for Greater London
Sigma, the UK PRS, residential development and urban regeneration specialist, is pleased to announce the launch of a joint venture with EQT Real Estate, the real estate platform of global investment firm EQT, to deliver high quality, new-build homes for private rental in Greater London (the "Joint Venture" or the "JV"). The Joint Venture is being supported by Homes England, the housing agency of the UK Government, and is targeting the establishment of an initial portfolio of approximately 3,000 homes with a value in excess of £1bn.
in all but name was recommending firms like Sigma Capital in his conclusion to this programme http://www.channel5.com/show/michael-portillo-our-housing-crisis-whos-to-blame/
https://www.sigmacapital.co.uk/wp-content/uploads/2018/04/Sigma-Capital-Final-Results-24-April-2018.pdf Sigma is responsible for the delivery of the PRS REIT�s initial goal to create a �1bn+ portfolio of 10,000+ high-quality, newly-built rental homes
From RNS March 2018, Anyone received any payment, or what have I missed Dividends On 31 January 2018, the Board was pleased to declare a maiden dividend of 1.5p per ordinary share for the period to 31 December 2017. The dividend was paid as an ordinary UK dividend on 16 March 2018 to shareholders on the register as at 16 February 2018. As previously reported, the Company is targeting a total dividend of 5.0p per ordinary share for the period ending 30 June 2018, and 5.0p per ordinary share for the year from 1 July 2018 to 30 June 2019. The stabilised dividend yield target is 6% or more per annum and net total shareholder returns of 10% or more per annum are being targeted post stabilisation, based on the IPO issue price of 100p per share.
My only stock to take down heart rate others fairly volatile, looksgood, I live in Five so good hear about that development in Manchester, cheers for that.
Nice tick up. Visited Rose Street development day before yesterday. Work progressing nicely on lovely homes. Very near A62 and M60 - ie brilliantly located for Manchester, Oldham and M62. The best bit is that it has its own tram stop - South Chadderton - so commuters can be at Victoria Station in twenty minutes on a return ticket of about £4.60 a day peak, £4 off peak on East-Didsbury to Rochdale line. Very easy to get to most of the conurbation and Manc attractions - like both footy grounds - on Metrolink tram network. Manchester council has plans for the land all along the the Irk Valley on that line too. Rose Street is very much a development for working people who do not have bank of mum and dad to call on for a deposit and need secure, family standard PRS with gardens and a healthy sense of community. Like the old days of council housing when you had many respectable tenants. Demand is strong. With continued population growth/supply shortage, little prospect of dramatic interest rate rises soon, pressure to build, local Labour and Tory govt backing plus foreign investment and a northern housing market that hasn’t gone bananas in the way London’s did and can still accommodate rising prices the wind is very much in our sails. Strategic land/PRS has been my only safe haven bar cash in the recent volatility because the fundamentals are so strong. Good work being done here. Adding on dips.
I notice from the RNS today that an Interim dividend was agreed in Dec 2017 of 1.5p be paid 16th March 2018 and a final one of 5p end of June 2018, 1st of me knowing and have no payment so any one know what is going on and anyone received a payment? Thanks!
Well back to where it was at start of week, I must be jittery due to being in clnr, hnr, sou, blvn and ukog as well, who wouldn't be. SGM is my only share keeping me sane, roll on.
I'd imagine it's just profit-taking after it reached a new high. But I've taken a big hit on CVR so probably not the best at sniffing trouble yet!
Seems like a relatively lot of sells today and a drop of 4p , any ideas why anyone, well any of the brave few who bother with this board?
Well Scribbler while Sigma is great news I am, amongst others, involved with a disasterous share called San Leon Energy where I have definitely taken a hammering!
That's a lesson JulesK I have a hard time holding on to underperformers! BlackMac I've dumped all but two of my oilers although I'm considering JOG while it's quiet. Brownfield land/affordable housing/PRS is not a get rich quick option and will no doubt have its ups and downs but the long-term fundamentals are unrivalled IMO.
Glad to see SGM is finally getting to where it should be.The 75% of institutional investors are staying put which is a good sign. It owes me nothing since I have been in since 2014 at 0.14. Patience really is a virtue!
Isn't it just, have confidence in this, also hold ukog which is dire today, very mixed fortunes, SGM keep it up
Nice tick-up today with three 10k buys this morning. The development reported here is not one of ours but part of the trend https://www.manchestereveningnews.co.uk/news/greater-manchester-news/four-hundred-new-homes-could-14307491