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Any reasoning to back this up ?
Due a pull back
I was in this one a while ago but sold when the market collapsed. Waiting to decide when to get back in.
Always felt this was really reliable if not exciting and can’t see why it shouldn’t continue to be so. They’re cutting their cloth accordingly.
Segro went ex their 14.4p divd ps yesterday, yielding now some 3% - not that high but more reliable than many others in this climate, I guess, so that's comforting, bearing in mind the business they're in should be more resilient than most... sasa.
IC 17.2.20
Segro still retains its fundamental attractive points: continued like-for-like rental growth, scale and exposure to strategic regions on the continent. The warehouse sector is maturing, but we still think the growth potential justifies the premium to forecast NAV. Buy.
Last IC View: Buy, 773p, 24 July 2019
IC comment 14.2.10
Segro (SGRO), the real estate investment trust, bumped up its full-year dividend by 10.1 per cent at 20.7p, after it reported earnings in line with market expectations. The group, which develops and manages warehouses, also posted a 7.5 per cent increase in the value of its portfolio, driven by capital growth in the UK and continental Europe, up 2.5 per cent and 13.5 per cent respectively. The company has benefitted from the rise of e-commerce and urbanisation, with its shares up more than 40 per cent over the past year. Buy.
2019 was another successful year for SEGRO, with our clear strategy delivering excellent financial and operational results.
Our high-quality, well-located portfolio of urban and big box warehouses continues to attract a broad range of customers, benefitting from the structural drivers of e-commerce and urbanisation. As anticipated, these trends are now having an increasing impact on the Continent as well as in the UK.
Highlights:
· Adjusted pre-tax profit, up 10.8 per cent,reflecting a record year of development completions, high customer retention rates, like-for-like rental growth and a low vacancy rate.
· Adjusted EPS of 24.4 pence, an increase of 4.3 per cent compared to 2018 (23.4 pence) or 9.9 per cent excluding the impact of the SELP performance fee received in 2018 (payable every five years). IFRS EPS of 79.3 pence (2018: 105.4 pence) reflects the 7.5 per cent increase in the value of our portfolio (2018: 10.7 per cent increase).
· EPRA NAV per share up 8.9 per cent to 708 pence (31 December 2018: 650 pence). IFRS NAV per share was 697 pence (31 December 2018: 644 pence).
· Future earnings prospects underpinned by 1.2 million sq m of development projects under construction or in advanced pre-let discussions. This equates to an additional 15 per cent of space and £70 million of potential rent, 71 per cent of which relates to pre-lets and lettings prior to completion.
· 2019 full year dividend increased by 10.1 per cent to 20.7 pence (2018: 18.8 pence). Final dividend increased by 8.7 per cent to 14.4 pence (2018: 13.25 pence).
in yesterday's Sunday Times, Business section, outlining what David Sleath, our CEO, has done in re- shaping the Co and what he intends to do henceforth, i.e keep SEGRO ahead of the curve in the industrial warehousing business and remaining No I in the industry....
All good stuff ahead of the F/Y figs out this Friday - sasa.
Coincidence?
IKEA plans to shut Coventry store after 'consistent losses'
https://www.leicestermercury.co.uk/news/uk-world-news/ikea-coventry-close-furniture-3809216
https://www.propertyweek.com/news/segro-buys-coventry-site-for-400m-scheme/5106239.article 03/02/2020
"SEGRO buys Coventry site for £400m scheme"
picstloup - I hope you have given that stockbroker his marching orders! My earliest purchase was at 355 nearly 6 years ago, and I did sell some in December to fund another purchase, but this has and remains a stalwart of my portfolio.
So glad I've never topsliced this one, having first bought in at around £2 in the early 10s. The divis may not be great but the eps and capital gains (safely tucked up in my SIPP and ISA) are. My stockbroker (Investec) advised against these, and against taking up the rights issue way back when. Glad I ignored him on this occasion.
As it remorselessly moves onwards - given the nature of the business they're in, obviously. The Instos yearn for this sort of reliability; all we need now is a decent hike in the divd to top it all off!
Given the resilience afforded by their pan European profile, such high divd cover (5.5 x eps) seems unnecessarily conservative to me, so a decent uplift might be seen next time? - sasa.
I have bought these based on recent positive momentum.
from 755p to 855p which is encouraging, given the steady rise of the sp of late - sasa.
A new all-time high recorded, and back on 19th March 2018 I said this would crack 700, but I thought that would happen before 31-Dec-18. So, a bit behind my anticipated schedule, but it's got there in the end. Onwards and upwards.
Quite funny really, but i got shut out of my account, so i have no idea if i did get anything .
I was doing very well with Boohoo, so i was in and out of my account so much, they registered it as
suspect activity!!
Waiting for a new number to come in the post.
I was holding the shares on the divi date, so fingers crossed.
today at 680. Got the divi, gives me a bit of cash to play with and perhaps this will tread water for a while. Keep it on the watch list.
OK Mostly (2nd April), to dividend-strip, which is the technical term for what you're proposing, there are three factors that you need to take into consideration:
1. Dealing commissions incurred when you buy the stock cum-dividend and and then sell it ex-dividend.
2. The spread between the buying and selling prices.
3. A stock usually, but not always, falls on the day it becomes ex-dividend. Sometimes it rises. That's the market for you. It may well fall initially and then recover over the next few days. Anything can happen.
So have a look at some stocks with heavyweight dividends, such as; BP, Shell, BATS and Imperial and that have tight spreads. Allow thirty-odd quid for two dealing costs in-and-out, and see if paper-trading would have made you a consistent profit on the capital you have to invest, once a quarter, or half-year, for the past, say, five years. I'd be interested to see your results posted here, if you decide to follow up.
Incidentally, don't try this with bonds, where trading around the interest payment dates was once known as bond-washing. You can't. For the last umpty-years, a buyer has had to pay the seller the accrued interest between the last payment date and purchase date, so all you'll ever receive is the net interest accrued between your purchase and sale dates.
There's nothing to stop them doing that other than the market forces and the time value of money.
If you are promised £10 tomorrow (the day before the dividend date) that is worth more than £10 in 6 months (the day after the dividend date).
Many, many other factors apply to shares so it doesn't always pan out like that. Who knows, if you adopted that strategy across the board it might work!
That s a great help , thanks.
I'm with Barclays smart investor, so that should work the same i guess?
This begs another question. Whats stopping folks just buying shares the day before the dividend date
Then flogging them once the divi is paid?
Mostlyharmless: how you receive dividends depends on how you hold your shares in Segro (or any other company). If you actually hold a share certificate (unlikely nowadays, but possible) then you will receive a cheque or (if the company is more up-to-speed) payment direct into your bank account.
If you hold the shares through a company like Hargreaves Lansdown, then they will get the money and allocate it to your account.
Assuming that you held shares on 21st March that was the "ex-dividend" date so you qualify for a dividend on the shares you held on that date - payment is on 2nd May.
Ha very funny AAS.
No , not Rupert. I am new to this lark.
I have never had shares that had a dividend . How does it work? I see that ther was a dividend date on 21/03.
Do you have to claim it? Or do i not qualify, as ive only had the shares for a few months?
If your name is Rupert then you may well be a bit bearish. IGMC
Haven't seen much chit chat here for a while?
Must be making money elsewhere.!!