I don`t expect the price to go below the RI price of 285 but it could if people lose heart and sell out at a loss.Don`t forget, underwriters took up the rump of the RI at 350p in late October and I did expect some underpinning of the sp around that level. There should be quite a strong bounce back at some point and I`m mulling over the purchase of some more too. However, I must emphasise that I didn`t expect a fall to this level.
likely, imo, to be due principally to consistent short selling. On 14/10/09 Trafalgar Asset Management disclosed short posittions across 4 funds totalling, I believe, over 21/2% of the shaes in issue. Others will have noticed the trend and made good money. However, at some point the value of this share will become obvious and the shorting period will be over.
an uptrend is forming.
is the sale of Great Western Industrial Park at a 10% premium to its June 09 valuation and a 34% premium to iits implied valuation at the time of the Brixton takeover. Very good news imo.
I hold shares in this company and regard it as a good investment. I too hope for hope for an increase in NAV, trading results and the SP. However, my reading of the RNS `s is that LBG has reduced its holding from over 13% to less than 12.5% and cannot be said to have complleted its sale in a final sense. They sold quite a chunk of QED c. 2 months ago while the SP was still on the rise rather thn wait for good news to hit the market and find themselves selling when other people were taking profits. So ,paradoxically, I do expect a decent rise around results time , and that LBG will have further disposals in mind at a future date
Shares has not started yet.
91.54%, Pretty good.
Start trading tomorrow. I am expecting some significant sselling. But since I also believe lots of buyers will be waiting to increase their holdings I shall refrain from price predictions. I
A rights issue=dilution=lower share price in short term. Trafaglar simply taking advantage of this certainty. They are going to be selling, but they will stop and may then begin agressively buying before selling again. IMO holders should just contiue to hold through this period and buy a few more on the dips. I am very happy with my investment in this company.
Continuing to trend in the right direction.
I will be reserving some cash for when dealing starts in the new shares. This could be the best time to buy, I don`t know.
Sold all my shares shortly after RI announced but bought back in time to take advantage of rights. Have taken up all my allocation.I am working on my own calculation that the sp should move up to c.470p after the profit taking period during which people sell off their rights. I am buying again at 375 or less, comforted by the fact that Trafalgar have disclosed a short position in this share. Helpful of them to drive the price down for me. My calculations do rely on stable market conditions, and could be wrong anyway, of course.
Share in the Dome to Trinity College. Qed powers on.
summarised in the Traading Statement of 1/10/09 ahead of results in November. Quintain is keeping the market informed and I can`t understand why this important announcement is not in the "News" section of this board.
very encouraging. Read it on 3iii`s board.
Don`t understand how much more you were expecting. The SP has more than doubled since April, and has incresed from 325/335 at the beginning of this month These are exceptional returns. The SP and the FTSE 100 are at or near post March highs . Give the company time to benefit from the acquisition of Brixton and the general increase in NAV`s.
Hope you didn`t sell at that point.
and large sells? My understanding is that Segro will be trading within the FTSE 100 wrapper from Monday so institutional and private ivestors have been buying, but there was an unattributed trader`s comment in the FT last week that this would present a good opportunity to lighten holdings. A complex mix.
Article by Daniel Thomas in today`s FT. Headline "Growth of NAVs by Christmas seems unstoppable." Full article posted earlier today on iii`i Segro board.
Recommend reading today`s news, just released. Very encouraging for REITS and Segro in particular.