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Started: Uncle_Doug, 19 Jul 2023 13:24
Last post: Uncle_Doug, 15 May 2024 14:37
Cashed in a tranche @925
Back at top of range of last 18 months. Can it break out?
So that's why it has dropped.
HSBC starts Segro with 'buy' - price target 964 pence
SP been on a dip this year but overall trend is up last 6 months. Recent range is 750 to 910 and lately towards the mid/lower part of the range. Up 2% today despite recession announced and anyway results tomorrow. We'll see. I reckon as rates and inflation fall this year and the economy improves it will be a good year in the end for SGRO. Might be a few bumps along the road but by end of year should be OK.
Started: Uncle_Doug, 27 Oct 2022 19:00
Last post: moorhey, 28 Apr 2023 14:03
Why sell at 824?
Sold @824p. Quick 11% in 2 months. Nice one for trading ranges at the moment.
UD well done but the divi has been wiped by the price drop today.
Bought them back @756p. I'm going to keep trading this range 750 to 820. Also as a bonus I get small divvi on Thursday !
Cashed some in. Made a quick 14% in a month so had to reduce holding. Will look to come back in if sub 700 seen again.
Started: moorhey, 3 Feb 2023 14:30
Last post: Uncle_Doug, 22 Feb 2023 19:24
That's a pretty heavy purchase by a director.
"Segro revealed on Monday that chairman Andy Harrison had acquired 115,379 ordinary shares in the FTSE 100-listed property investment and development company.
Harrison, who was appointed to the role in June 2022, purchased the shares at an average price of 861.11p each, for a total value of £993,539.14.
Following the transaction, Harrison holds an interest in 231,694 ordinary shares in Segro."
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=12400946&type=bsm
Today's Results
The fall in net assets wasn't too bad and the rental growth and pipeline are good.
Should, IMHO, see the current price relative maintained. I'm not buying more but
I'm not selling either.
Just in:
final div 18.2;
xd March 16;
paymt May 04.
Up 8% yesterday, down 5% today - WTF is going on?
Started: Uncle_Doug, 28 Sep 2022 12:54
Last post: Uncle_Doug, 28 Sep 2022 12:54
At one point SP was down to 669p then shot up nearly 8% around midday to 721p. Very volatile markets today - can't remember seeing anything like it. All down to BOE stepping in to buy govt bonds. Builders and energy stocks did similar bounce.
Started: picstloup, 28 Jul 2022 08:48
Last post: Uncle_Doug, 29 Jul 2022 18:03
Another nice rise today.
Pretax profits up 28%, eps up 22%, NAV up 10%, £55m of new rent commitments (up 35%+), divi up 9.5%.
Glad I topped up on the dip. Back over £12 soon?
Started: Theanalyzer, 28 Jul 2022 08:47
Last post: Theanalyzer, 28 Jul 2022 08:47
Hopefully price will respond to these set of strong interims.
Outlook looks solid as well with largely capped or fixed interest rates and inflation protection on rents and SEGRO looks a good hold for me.
Last post: Uncle_Doug, 14 Jun 2022 15:35
Added a second tranche at @960.
Added another 15% to my holding at £11.03, first top up in 7 years, taking my average up to £4.72.
It really doesn't make sense that this has reduced in market value by 30% in a week
Agreed
Amazon reports a loss (largely due to its write-down of its investment in EV maker, Rivian) and the UK warehousing/industrial/REIT sector sees the mark-downs in SPs over the last 2/3 weeks. Ridiculous and absurd.
With about 20 stocks in my portfolio, it's been a bloodbath with rare exceptions.
The question is when does it bottom out? War in Europe will continue if not spread, inflation isn't going away and we are ill-prepared to find enough alternative energy to defund Russia never mind the climate change issue. There is also tension in the Pacific highlighted by the Solomon Islands of all places.
It's a fast-changing world now.
Bought some @1157. Seems oversold.
It makes perfect sense but as you say the values may be rising quite fast. The increase in the SP would suggest that is the case.
Started: picstloup, 23 Mar 2022 21:16
Last post: picstloup, 23 Mar 2022 21:16
From JP Morgan. Topping up when April's ISA deposit becomes available.
Started: Troajan, 19 Feb 2022 21:36
Last post: Troajan, 19 Feb 2022 21:36
Started: picstloup, 18 Feb 2022 07:29
Last post: TDinvestor, 18 Feb 2022 10:06
Yep, petty amazing results tbf.
Final divi up 11%, NAV up 40% to over £11/share, pre-tax profit up 20% to £356m, eps up 15% to 29p. Pipeline of over 1m sq' under development, mostly pre-let. All very satisfactory.
Started: Theanalyzer, 27 Oct 2021 23:01
Last post: Nick1234, 15 Feb 2022 23:52
Results Friday no?
... and two months later SGRO keeps on delivering. Results tomorrow?
Uncle, some recent wobbles caused by global issues but the need for logistic hubs is growing rapidly and I think the segro sp will continue on its upward trajectory. In my opinion.
Just keep going up. What a beauty of a share.
My Segro share have generated a very healthy return since I bought via Primary Bid placing. Only wish I had bought a lot more. A well managed company in a good space.
Started: moorhey, 29 Oct 2021 11:40
Last post: moorhey, 29 Oct 2021 12:16
Seems like I identified the low-point: the SP is up to 1289
A drop of 3% from yesterdays close of 1320p - currently (10:40am) the SP is at 1275.
No obvious reason as far as I know.
Anyone have any ideas?
Started: AllAtSea, 22 Oct 2021 14:00
Last post: AllAtSea, 22 Oct 2021 14:00
“SEGRO to build UK's first multi-storey urban logistics unit”
https://www.shdlogistics.com/property/segro-build-uks-first-multi-storey-urban-logistics-unit
Onwards and upwards..
Last post: AllAtSea, 19 Oct 2021 10:22
Lack of Lorries, I guess.
Any reason for the recent falls ?
“SEGRO has been named as the development partner for a plannned £300m food production and manufacturing facility near Derby.“
https://www.constructionenquirer.com/2021/09/21/segro-to-start-300m-derby-food-production-hub/
Last post: AllAtSea, 5 Aug 2021 10:01
It's got a fair wind all right.
Back of the net!
Interims.
Last post: AllAtSea, 28 Jun 2021 08:06
I’d suggest that the only way for this stock continues to be up. The demand for more and better warehousing can only increase.
10% in 6-weeks, not too shabby!
Ok, a couple of days out..
This week?
Started: AllAtSea, 21 May 2021 11:51
Last post: AllAtSea, 21 May 2021 11:51
Started: AllAtSea, 16 Apr 2021 12:03
Last post: moorhey, 28 Apr 2021 10:34
There's a lot of growth left in SGRO. The only thing that will slow this company down is lack of properties to expand into - but while the shift from high street spending to internet continues (although that growth will slow eventually), there's nothing to impede SGRO apart from lack of expansion properties.
The Times giving Segro a boost:
https://www.thetimes.co.uk/article/watch-this-space-booming-segro-advises-its-investors-2bfknw5pz
Is that a good sign? What’s in it for the dirty digger?
Onwards and upwards.
How much resistance is there in the system?
Started: AllAtSea, 8 Apr 2021 10:11
Last post: AllAtSea, 8 Apr 2021 10:11
My posts disappear. I post again and get duplicates.
Sorry folks!
Started: AllAtSea, 8 Apr 2021 10:09
Last post: AllAtSea, 8 Apr 2021 10:09
It is a well-worn cliché that the people who make money during a gold rush are the ones selling the shovels. From controlling warehouse floor space to understanding how to deliver supply chain efficiencies, logistics companies provide the tools by which global e-commerce functions. The result of this is an industry now valued at c.£310bn globally and anticipated to grow at c.5% CAGR until 2025. Private equity has been quick to recognise the return potential implied by these sector fundamentals.
https://theloadstar.com/why-private-equity-is-into-logistics-and-here-to-stay/
TOP NEWS: Segro collects 89% of rent due for second quarter of 2021
https://www.lse.co.uk/news/top-news-segro-collects-89-of-rent-due-for-second-quarter-of-2021-v942rheztc93iv9.html
Started: AllAtSea, 8 Apr 2021 09:51
Last post: AllAtSea, 8 Apr 2021 09:51
"It is a well-worn cliché that the people who make money during a gold rush are the ones selling the shovels. From controlling warehouse floor space to understanding how to deliver supply chain efficiencies, logistics companies provide the tools by which global e-commerce functions. The result of this is an industry now valued at c.£310bn globally and anticipated to grow at c.5% CAGR until 2025. Private equity has been quick to recognise the return potential implied by these sector fundamentals."
https://theloadstar.com/why-private-equity-is-into-logistics-and-here-to-stay/
Started: AllAtSea, 10 Mar 2021 08:40
Last post: AllAtSea, 10 Mar 2021 08:40
Nice opportunity.
Goes XD on 18 March. 15.2p final divi, paid 4 May.
Started: AllAtSea, 10 Feb 2021 09:38
Last post: AllAtSea, 19 Feb 2021 09:03
Not too shabby:
"Adjusted pre-tax profit of £296.5 million up 10.8 per cent compared with the prior year (2019: £267.5 million). Adjusted EPS is 25.4 pence (2019: 24.4 pence).Adjusted NAV per share is up 16.3 per cent to 814 pence (2019: 700 pence) mainly due to a 10.3 per cent increase in the valuation of the portfolio driven by asset management, our development activity and yield compression.A record leasing and asset management performance with £77.9 million of new headline rent in 2020, including £41.1 million of new pre-let agreements.Net capital investment of £1.3 billion through key strategic asset acquisitions, development projects and land purchases.Near-term earnings prospects underpinned by 1.2 million sq m of development projects under construction or in advanced pre-let discussions equating to £81 million of potential rent, of which 75 per cent has been pre-let, substantially de-risking the 2021 pipeline.Over £1 billion of new equity and debt financing, helping to strengthen the balance sheet for further, development-led growth. LTV of 24 per cent at 31 December 2020.2020 full year dividend increased by 6.8 per cent to 22.1 pence (2019: 20.7 pence). Final dividend increased by 5.6 per cent to 15.2 pence (2019: 14.4 pence).
RE-LAUNCHING OUR RESPONSIBLE SEGRO FRAMEWORK: NEW FOCUS AREAS AND MORE AMBITIOUS GOALS"
..19 February.
After GSK and ULVR.. brace , brace..?
Last post: picstloup, 16 Feb 2021 12:03
Cut my long term holding back by 20% - at nearly 10% of my wife and my combined ISAs, it was a bit too big, and other opportunities to push income up a bit. Held since 2014, so no complaints in capital gains terms.