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11.7% increase in SP over 12 months. SP hit a 5 year high at 394.5p Personally up 81.5% and still my best performing stock. Also still my largest stock but likely to change in 2015. My personal target was 408p to top slice but can see further uplift here and have raised it to circa 450p, but will be setting stop losses at 408p and over.
Hansteen snaps up property in deal with Segro: Property investment company Hansteen has snapped up seven German industrial estates and agreed to buy three more from developer Segro, as part of a £36 million deal, the companies announced.
Never really been into the charting side of investing go more on fundamentals .Be interesting to see how this share price moves in the next couple of months leading up to the final results .
We have fractionally finished about the current chart resistance of 382.7p Another rise tomorrow and I can see £4 very soon. IMO charts only really work during quiet periods, and are blown out of the window on release of news, good or bad.
Well that's been an excellent call. In actual fact if I had done the same I would be better off even with an average portfolio of 10 shares. Yes I have had a couple 100% plus returns but the investments have been less than 2k. But I am down approx. 35% with my next largest holding! However there are benefits to investing in different sectors, many of which can be cyclical, which can even out the bad performing shares! Yep the joint ventures have been good business for Segro. Here's recent news about the JV with Aviva at Gatwick International Distribution Centre, Crawley http://www.segro.com/Media/PressReleases/2014/quartet-of-deals-at-Gatwick
I know all the experts say its a bad idea not to spread your risks but sgro is my only share.I bought it because it looked such a good long term investment that was trading 40% below an already low nav .The sp still has plenty upside as there is the development potential that will increase the nav and increase the rent roll .The divi should rise steadily and that will help the sp .I like the third party capital collaborations too .I am for now happy owning only this share but will increase to 10 shares in the future and am looking for a home for the big profit I have made on this share.I would hope the sp is around £4 or hopefully a little above in February when full year results are posted.
382-384p appears to be the current resistant level. A move above this and I can see 400p being reached. October has been a good month for Segro and is just one of 3 shares in my portfolio of 10 to have recorded a rise last month!!
Yep, good news indeed. A summary below £1.9m in annualised net rent added. 149,000 square metres of existing space let in the quarter. Vacancy rate 6.2% for the period to the end of September, an improvement from 8.3% on the previous quarter £246m worth of acquisitions, £79m worth of disposals. £17m in annualised rent potential from its current development pipeline.
Share price recovering well .IMS on the Oct 23rd maybe some good news on the way ..
Makes this recent rebound a little shaky. Might fall away when traders return from leave but good for the long term in my book
Just got back from my 2 week holiday and pleasantly surprised to see a nice re-bound from 355p - the last time I looked. I have still not read in detail the recent results but overall they seem ok with the NAV up 6.7% and the vacancy rate improved to 8.3%. However there is no increase in the dividend and the profit before tax is down by 3.3%. Steady progress I guess with the turn around plan?
The market did not seem to impressed with the recent aquisition I think it is a good deal not a great one but the extra rent will be welcome and it is in line with the stategy and fully let .Lets see what the figures come up with tomorrow hopefully it will be positive with nav increased ,divi increased and plenty of good news about developements vacancy rates reduced etc
Looks a good deal for Segro, fully let for at least next 6 yrs with annualised rent of 3.2mill http://www.insidermedia.com/insider/midlands/120153-segro-invests-midlands-logistics-golden-triangle
They have been fairly consistant over recent years raising the dividend and I think there is a good chance they will again. Probably be wrong - lol I should really re-invest my dividends but find the twice yearly payout a nice bonus!!
I agree with you on the Brokers and their poors forecasts which vary so much. I was just trying to find a reason for the drop and noticed in early July an RNS stated that ii Capital Research Group had reduced there holding to below 3%. Not sure what there holding was before though.
Does anyone think that the interim dividend could increase this time around or is it too early in the restructuring plan.Also has the mory ducross loss of earnings hindered any chance .
Correction Interim report is on the 30th July
Maybe a little more going on than we know at moment for such a fall .Seems overdone have to wait and see.personally I never listen to the broker reports they make it up as they go. More important will be the interim report due out on the 20th July .Hopefully this will show continued progress and an uptick in the sp and maybe small increased dividend payment .I am in for the long term so no panicking from me
Yes we did - lol! and the drop has been larger than expected. I thought the support would have been around 3.54 but the SP has fallen also through the 3.47 support level. The report by Deutsche Bank was pretty damning for property stocks and in particular Segro. Funny though that it has actually raised Segro SP target to 250p. Deutsche has always been very negative on Segro since Oct 2013 when it put a sell on the stock with a 220p target
Patted ourselves on the back a bit too soon Dav sp taken a bit of a hammering since we made our posts on how well we had done for ourselves.However I expect the price to rise back again soon as surely if falls are due to an expected increase in interest rates then it is overdone.
....being the reason for today's fall. http://www.bbc.co.uk/news/business/london_market_report/
Hi Dav I dont really have a target price really .i believe that we got a bargain at the levels that we got in at so not in any rush to sell just yet.I like you have also thought about the possibility of segro reentering the ftse 100 and I think it could happen .Segro I think will benefit from the financial crisis even though it took a battering over the last few years.Firstly it exited the american market just before the start of the crisis then it bought brixton on the cheap.In the meanwhile it is restructuring .The profits should rise with the increase in the amount of developments and the dividend should rise steadily. Nav will increase with the property's developed and rented out.
You have done well. SGRO is my 2nd largest holding. What SP are you looking at? My target is £4.17 and sell half leaving me with free shares. But I am wondering if this has even further to go. I think the £4 mark will be a barrier and if broken there will be profit takers. However the current CE David Sleath is very much focused on long term share value and I wonder if his ambition is to gain entry into the FTSE 100. Currently SGRO sits about 125th and the sp would need to rise to £5.11 but probably more like £5.25 to get promoted. This could take some time but as you mention the divi's are pretty decent.
I am up approx 80% too Dav including dividend payments .Still got more steam in this so staying in .Is was a steal at £2.25p .Had all my money on this one so well happy
Second Friday in the row and the SP hits another 12 month high. Its now at its highest level since 2009. I am now up 83%