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Quoted in the FT as a likely candidate to enter the 100
is looking pretty crazy this morning, hopefully this will stabilise as a nice rise for the day. SEGRO claim to be the biggest commercial letting business in Europe, and I think they are. The recovery of the property market is important to them (primarilly just to boost the value of the company via the assessts owned), but not vital, as they operate in an (arguably) different market which has not had too much of a negative imact from the recession. I am in profit with this share, but still see the potential for further (large!) rises. Atthough this has been quite volatile the last week or so, I don't think it will be an easy ride, but am hoping this will break 400p in 6months time. If they are floated on the 100 I wil be a happy man indeed. gl all
A nice quick recovery from the price drop earlier in the week, but as ever there will be more ups and downs to come. Perhaps drop was caused by MM's looking to fill orders by triggering stop losses and sells, as there were some pretty substantial sized buys during this period - possibly by tracker funds as SEGRO due to enter FTSE 100 on 18th Sept. But as ever we'll never know!
Capital raised successfully twice this year; Brixton takeover complete, though benefits still to come; expected to join FTSE 100 next week ; pays a dividend. I shall continue holding for capital and income growth over several years.
Property stocks in general being hit as they all had a good rise in the last month, it may well have risen too much hence this correction.
can any1 help me on explaining y the share has decreased by so much!? and willl it go any lower?
Ok so I rounded down, I'm going with recovery by 2015, but there will be some falls on the way - I bet you like the look of the DOW today! Property companies are now an unlikely way to make a quick buck - by the look of it to get rich quick you have to know your tomatoes....
Commercial property recovery 'will take more than five years' The UK commercial property market will take more than five years to recover the losses endured during the present downturn, new research claims. http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/6118638/Commercial-property-recovery-will-take-more-than-five-years.html
I'm fairly new as well to shares but decided to invest as values had been hit so hard. I work as an investor developer so know generally about the industry and what has happened. SEGRO are a well run company, specialising in Industrial property in the UK and Europe - in my view a safe bet. Prior to the recession the traded easily in excess of £4 Their Rights Issue to cover debt due to falling values dropped their share price to the 20's They have bought a rival, Brixton Estates on the cheap They have now consolodated their shares 1 for every 100, in old money their SP would be 34.7p Its going to take 5 years for values to recover, so its a long termer and no a 'quick buck' In five years I believe their SP should easily be above £10 which is based on freehold rising and improved occupier demand which will also help increase rents. As I said I am no expert and this is just my opinion. I also hold Quintain Estates which have had a fantastic rise, BUT there shares have not been diluted through and Oppen Offer or Rights Issue.
hi mate knew to this share! just wondering what where segros share prospects and what could there share go up by and when roughly by? thank you
Well they've been on a good roll since the 20p days (pre consolidation). My stance on property is long term so I'm in fairly low and intend to keep. But for whoever wrote that article it's SEGRO not SERGO - don't write both just to cover the bases!!
Just seen the late publications - that looks like a lot of buys. Could be a good start Tuesday.
Does anyone know if SGRO are still first in line to be promoted to the FTSE 100 on Sept 9th, if so is that likely to push the SP up further?
GB - because of GB - is bankrupt :{ ATB
Wall Street back on the up?? Well none of the experts can agree on the big correction and when and if it will happen. If its a big correction UK will just about be bankrupt - thanks GB! ATB
I’ve made a bit in property, in the past, but have been renting for quite a few years. I’m expecting a really big correction, yet to come [it’s all about affordability versus debt], as all the unsustainable government meddling dwindles. I’m still very bearish about retail; real estate [and all the peripherals]; hotel/pub/hospitality; and media/computer related. ATB PS I note as I type that Wall St is playing it's usual silly-bily stuff - unreal and surreal!! .
I can see your view, working as an investor/developer makes me question whether there is any backbone to this 'recovery', however I can't see them falling all the way back down again. Any sectors out there with some good growth left - gold, oil?
Sorry, mate :{ Been short re: real estate for quite a while, and certainly will be for quite a while to come. ATB
An unexpected surprise to see you in the property world, is JJB bashing getting all too easy so its no longer sport!? (probably not too far from the truth). Anyway as you're here (hopefully not on a short) I'd welcome any views you may have on Segro and or commercial property shares.
http://www.investegate.co.uk/Article.aspx?id=20090827142732P63E5 Figures don’t make sense, but seems like a sell
On the 9th July from their 'Recommended Acquisition of Brixton' Segro stated that there will be a divi, ex date to be 21st August. Predicted divi was 4.6p per share (after taking account of the proposed share consolidation) but it will all be declared tomorrow in the half year results.
my barclays mm account says sergo ex-div date is 19 august but iam not getting any div in my account when is will come and how much any one got any idea
Brixton de-lists .. Brixton shareholders will receive 47million Segro "consideration shares" and these can be traded from 8.00am Tuesday 25/8/09. I hope many of these new holders will want to buy more shares . This is a great company and it will grow strongly, I believe