George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Yes was set to buy and missed the boat liked the high divi too.Segro however continues its steady rise under the radar
I agree with Radvalve on British Land however you may have missed the rump of the gain as the SP is up 10% since the beginning of November
Yep looks like it with a new high today @ 566p Still have my core holding here though. They ought to raise there divi more! I will have a look at British Land. Cheers
Sold a bit too early Dav .Still holding but looking to diversify .British Land looks cheap ?
my March Rights Issue shares today @ 533.5p for a 54% profit. Pretty good for a FTSE 100 company.
I see David Sleath has sold close to a million pounds worth of shares at 538.5p. Hmmm so how high can they go? Current resistance in SP is 540p Brokers JP Morgan has 540p target, Citigroup 560p Despite 5% divi increase, worth top slicing a few at these levels? Any views
Well they certainly seem to be doing the right things. Held these for the best part of 20yrs but sold quite a few after I left Slough Estates back in 2006 to pay for a house extension. Sold more just over 2 years ago to pay for a new car. Still my largest holding though!
I just love this company, it's one of the cornerstone's of my SIPP and is virtually bombproof.
Here is David Sleath discussing them https://www.youtube.com/watch?v=jP_muslbrqo
Thanks Moorhey, only just got around to reading it. Is this the one? Very positive from the Brokers Morgan Stanley and Liberum. At 550p I would most certainly top slice or even sell out. http://www.telegraph.co.uk/business/2017/07/01/questor-segros-bet-bricks-behind-clicks-has-promise/
There was a good write-up on Segro in the Sunday Telegraph
This is brilliant news! We could see 550 before the end of the year. Champagne for the management team!
Segro to enter the FTSE 100, well done to the BOD http://www.bbc.co.uk/news/business-40113565
Citigroup target 560p Jefferies 420p How can they be so different? Are they actually reviewing the same company.
Terrific write-up in the Investors Chronicle this week. The company has just about cornered the market in warehouse facilities at Heathrow (what Buffett calls a "moat") and looks very much under-valued by the Market. Never a good idea to make predictions, but the SP should be well over 500 by the year end.
With the extra shares now in issue, Segro are currently ranked the 97th largest company. Back of the fag packet calculations suggest the SP needs to reach circa 484p to gain automatic entry to the FTSE 100.
Unless something drastic happens (like Heathrow being closed in favour of Stansted) this company should end 2017 in the FTSE100. Hence the almost 100% take up.
A very high 97.8% take up of shares confirmed. http://www.lse.co.uk/AllNews.asp?code=cm6teq9n&headline=SEGRO_Receives_Acceptances_For_978_Shares_Offered_Under_Rights_Issue_ALLISS
Even more so, should the Heathrow Airport get the green light!!
What impact to the sp when Segro enters the ftse 100 with trackers having to buy the shares plus positive news with all the development works going on should lift the share price up significantly
You got me there, had to look up tail swallowing, ie selling part of your rights to buy the remainder. Not sure how you go about it though, I presume via your broker. Probably more complicated within a Sipp! Looks like the SP has now settled around the 450p mark. GL
Thanks Dav have heard about tail swallowing .How does that compare as regards doing nothing ?
Perhaps best go for option5 do nothing. This is what will then happen "If you decide to take no action and do not return your PAL, your rights will expire or lapse after the offer closes at 11am on Monday 27th March. SEGRO plc will then arrange for the New Ordinary Shares that your rights entitled you to buy to be offered for sale in the market. Any premium above 345p, less expenses will then be paid to you" Would be a very nice little pay out to you.
It's my life savings lol .Can't see that I can stump up the money to buy all my rights .Might have to sell .Not sure what a good price would be .I believe it's the difference between the ex rights share price and the offer price approximately?
That is a very large holding you have here. Yes received my allotment letter yesterday confirming a 1 for 5 rights issue at 345p. Latest time and date for acceptance, payment in full and registration of renunciation of PALs (provisional allotment letter) is 11am Monday 27th March. There are five options. 1-take up all your rights. 2-take up some of your rights. 3-attempt to sell all your rights. 4-attempt to sell some of your right. 5-do nothing. Sorry not familiar with how this works within a SIPP