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SBD Songbird

344.875
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Songbird LSE:SBD London Ordinary Share GB00B4MTF637 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 344.875 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 344.875 GBX

Songbird Estates (SBD) Latest News

Real-Time news about Songbird (London Stock Exchange): 0 recent articles

Songbird Estates (SBD) Discussions and Chat

Songbird Estates Forums and Chat

Date Time Title Posts
12/2/201523:11Long Way back226

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Songbird Estates (SBD) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Songbird Estates (SBD) Top Chat Posts

Top Posts
Posted at 04/12/2014 16:12 by tonysss13
why would they do that viking? if the board reject the price will likely collapse given they have given no indication they will go hostile
Posted at 01/12/2014 08:38 by brahmsnliszt
They will do all they can to appear to walk away and get the price down. We all know they want this and will do whatever they can to get it cheaper. Buy on any decent dips.
Posted at 28/11/2014 07:26 by quepassa
Lifting their skirts and this is the price?

ALL IMO. DYOR.
QP
Posted at 21/11/2014 14:16 by vikingwarrier
The value is certainly 450p ish. Future projects are worth a lot here. Problem is the next figures out from SBD are months away unless they try to bring them forwards to defend their position.
Posted at 12/11/2014 12:48 by vikingwarrier
400p is the price stated for the board to agree a bid.
Posted at 11/11/2014 21:29 by vikingwarrier
Assets of 319p a share and profits for 6 months are £244m Call it £500m for 12 months and currently all we have is the asset value. Qatar could buy at the current price and gain £500m a year. Normally a £500m profit would be valued at say a PE of 10 or £5bn. Qatar need to add £5bn to the pot here.Thats about another 600p on the current share price and a PE of 10 is quite reserved.
Posted at 06/11/2014 20:08 by spacedust
I think the bid price will be a lot higher. At 300p sbd is valued at 2bn. Sbd currently have assets worth 6.5bn. To match the value of the assets they would not accept an offer below 500p but more close to 900p
Posted at 02/4/2014 14:51 by high park
If you're interested in residential property, Naos, look into QED, strong share price growth without the spectacular finish.

Songbird's valuation was un-expectedly high, hence the amazing spike. So everything's in the price.
SBD price & QED's had/have both been rising in anticipation of the Annual Results. If QED's results are as good, due 23 May, we might see a similar spike.
Posted at 02/4/2014 13:09 by naos
That's sensible for you high park as you came in at lower levels and it would be wise to take the profit as that's what its all about.

I'm not looking at this just because the share price has gone up over the last week, although that clearly piped my interest. But taking the wider view here.

Canary Wharf have pretty much filled up their ugly towers, with no new ones currently being built just yet, although several are planned but it'll be several years before they will appear. The even uglier walkie talkie tower will get fully let out soon. Songbird are diversifying into residential property and trying to attract tenants beyond the usual finance ones.

There is fast approaching a glut in high grade office space and demand for residential is still soaring, so I've no doubt Songbird will able to sell their tiny flats, once built, for a fortune.

Rents are pouring in from office as well as retail tenants and as the Canary Wharf estate, as originally planned, is now full, there are plans to expand with new developments like Heron Quays and Wood Wharf. And 70% of the tenants are locked in to lease agreements for at least 10 years, so that's pure profit from them with no cost or risk attached.

Crossrail opens at CW in 3 years, but the shops in the new station open next year and CW are well on the way to fully letting them all out, bringing in yet more dosh.

Although I am concerned about the debt, I understand enough about it to know that its long term debt and no bank/creditor can just pull the carpet out from underneath Songbird's feet.

Any more upward movement in the share price will become a very strong buy for me.
Posted at 31/3/2014 23:38 by naos
I can't make any comment on OPAY as I don't know the company and besides this thread is about Songbird.

But I would like to make some observations (questions):

Profits have risen five fold and the share price has shot up as a result. But could there be anything else happening here...?

Songbird say their shares are worth 290p according to the final report, what do people here think?

Trading volume has increased substantially, as opposed to the under 10 trades a day from a week ago. Some of the recent trades over the last past couple of days are large, ie possible buys of 250k, 100k shares etc. The EMS is 1500 shares. Stake building by someone??

The Canary Wharf estate is almost fully filled/let out and Songbird are spreading their wings into office developments elsewhere like the walkie talkie and shell centre. Plus, they're getting into residential property, which is a no brainer for them.

More shops are opening all the time and this brings in yet more dosh for the company. They're also trying to encourage a wider range of companies onto the estate beyond the usual banks/lawyers/accountants with small tech and other companies moving into 1CS. Songbird are hoping to eventually shift them into new towers planned in Heron Quays East and West. Its looking interesting and demand for new office space is now picking up. But...

I think this share is still risky, the debt is scary...but the rise in share price cannot be ignored and its clearly a breakout. I have some shares in this already, but would like to know if this is a real change in fortune for this company or a temporary blip. Perhaps when/if it gets to 290p, things may become clearer.

A billion pound in profit always helps matters.:)
Songbird Estates share price data is direct from the London Stock Exchange

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