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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Segro Plc | SGRO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 6.80 | 0.78% | 874.60 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 873.80 | 867.20 | 896.40 | 874.60 | 867.80 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Top Posts |
|---|
Posted at 29/2/2024 15:00 by elbrus55 It is the same for all shareholders. It is a massive improvement that retail investors now have access to these offers on the same terms as institutions.Appreci |
Posted at 16/2/2024 19:20 by philanderer Investors Chronicle :Segro's losses narrow as interest rates stabilise The warehouse giant has much to be bullish about, and so do its investors We stick with our bullish rating. Buy article: |
Posted at 14/2/2024 14:15 by philanderer Shore Capital rates Segro a ‘buy’ at current levelsProperty investment and development group Segro (SGRO) is regaining momentum, but recent share price weakness offers a chance to invest, says Shore Capital. Analyst Andrew Saunders retained his ‘buy’ recommendation on the warehouse and industrial property investor, which dropped 3% to 812p on Tuesday. ‘The shares are up by 23% from the low point in October 2023 but some recent price weakness in February offers investors another attractive opportunity to buy,’ said Saunders. He said the industrial and logistics market had been subdued in previous years but is ‘nonetheless regaining momentum, particularly in the UK’. ‘Furthermore, recent transactions are increasingly taking place either at or above previous reported valuations, thus helping validate asset valuations, and recent data from the MSCI UK Monthly index also highlights a more resilient performance in capital growth from industrials,’ Saunders said. Although the broader UK real estate investment trust (Reit) sector is embracing consolidation, Saunders believes Segro ‘already enjoys considerable scale and leading positions in many of its markets’. ‘It also has a strong equity growth story offering a forecast 8% compound annual growth rate in earnings per share growth over the next three years and expected growing momentum in asset value recovery,’ he said. citywire.co.uk |
Posted at 15/5/2023 12:28 by philanderer Q1 updates show Reits have turned a cornerNAVs are rising but that's not the only thing to put a smile on investors' faces SGRO with a mention. |
Posted at 21/4/2023 00:55 by philanderer EXPERT VIEW‘Today’s statement comes very well received and should bring some much-need cheer to battle-hardened investors in the sector’, observed Shore Capital real estate analyst Andrew Saunders. The company’s comments about asset values showing signs of stabilisation ‘should be well received by the market and are consistent with anecdotal evidence of the values we have observed assets actually changing hands at during the period’, he added. At the current price, the shares trade at a 22% discount to Saunders’ full-year net tangible asset (NTA) forecast of 985p per share making the stock ‘an attractive investment opportunity as the cycle resets’. sharesmagazine.co.uk |
Posted at 06/3/2023 17:21 by boozey Another monster purchase from Mr Harrison - a very credible Chairman. Investors should take note. |
Posted at 06/8/2021 11:42 by sogoesit Quote from Tritax Big Box HY Results maybe explains:"Unprecedented demand for prime logistics space supported by long-term positive structural drivers · Highest H1 take-up on record of 21 million sq ft with a further 16 million sq ft of space currently under offer, of which 48% is for space >500k sq ft. · Limited development response relative to demand has led to record low 2% vacancy and strong rental growth across all regions. · Positive outlook for logistics property has resulted in higher investor allocations into the sector, driving prime yields down further." Own versus rent is a financial decision but, if all warehouse space opportunity is taken by the specialist property companies, it will unlikely be strategically beneficial (profitable) for a non-specialist to enter this business. Entering a business sector, as an owner, implies taking timing risk. (NAValuation is backward looking. Stock price is forward looking) |
Posted at 09/7/2020 14:56 by jonwig The main bit:Well positioned to serve rising e-commerce giants such as Amazon rather than to be in their way, Segro went from strength to strength. Its empire stretches from the Midlands to Barcelona and Warsaw, with 1,190 tenants ranging from Amazon and Deutsche Post to Brompton bikes and immunotherapy researchers. “We were aware of the internet, we were aware of e-commerce, but I don’t think any of us really foresaw that it was going to grow as rapidly as it has, particularly with what we have seen in the last few weeks,” he says. “But it’s not just about e commerce.” Demand for warehouse space is only set to grow following the pandemic, which has pushed millions more towards online shopping and forced supermarkets to refocus on logistics. As thousands of businesses flounder in the wake of coronavirus Segro, which started life in 1920 on what was a repurposed military vehicle depot in Slough, has just raised £680m on the stock market to fund expansion. Days earlier it splashed out £202.5m on Perivale Park, a 34-acre urban warehouse estate in Perivale, west London. “It’s one of those rare crown jewels,” says Sleath. “Our willingness to invest during the pandemic, when perhaps other investors were more cautious, gave us a competitive edge.” Success has not come without bitterness from opponents. High-street retailers struggling to compete with online retailers argue it’s an unfair match because business rates are so much more expensive for high street properties than for out-of-town warehouses like Segro’s. “The rates system is woefully out of date and valuations keep getting pushed back,” agrees Sleath - but says all sides need to be taken into account. “It is time to review the rates system so we have a fair and equitable system - but rates are about collecting revenue to support the provision of local services. “And of course at the moment the people using those local services are the high-street brands and physical retailers.” Taxing questions Coronavirus has posed other questions of fairness in business. There are suggestions that companies that have done well during the pandemic should help more towards the recovery, possibly through a windfall tax. “I think we already have a complex enough tax system,” says Sleath, stressing that Segro is not a windfall beneficiary but has been working extremely hard throughout. “I probably wouldn’t want to go into that topic,” he retreats. “It’s a complex area.” To mark its centenary, Segro is spending £10m over the next decade on projects to support local communities in the UK and Europe, particularly as they try and recover from the pandemic. Board members have also waived 25pc of their fees and salaries for three months, which will support the fund. As he looks out over the next decade, Sleath is not planning growth beyond Europe, despite the huge markets overseas. “Property is a local business. I’m not sure going to Asia, interesting though it would be, is a great way of creating shareholder value. |
Posted at 05/10/2018 11:36 by skyship Seeing a bit of a bloodbath in the blue chip propcos, though a bit of a bounce today due to the INTU bid approach. Posted this yesterday:==================== FTSE slumps as Fed rates warning rattles investors The blue chip propcos were especially badly hit: # BLND - down 31 (5.2%) @ 576p # LAND - down 34 (3.9%) @ 841p # HMSO - down 27 (6.0%) @ 433p !!! Happily RGL again moving in the opposite direction - up another 0.4p today. I suspect the reason for no RNS showing no more CIC, is that they were already below the disclosure level! ==================== IMO RGL will continue to make progress versus a lower sector and possibly lower Markets, as they were at a false level due to a stock overhang, possibly now cleared. Plenty of info on the RGL & CP+ threads... |
Posted at 01/8/2018 05:53 by jonwig Citywire:Expectations for industrial real estate investment trust Segro (SGRO) have been running high as investors pile into logistics but they are already baked into the valuation, says Numis. Analyst Paul Gorrie retained his ‘hold’ recommendation and target price of 712p on the stock after first-half results. He said the company ‘does not appear to be slowing down, indeed it is rightly putting its foot on the gas to exploit occupier and investment demand conditions which are as favourable as they have been for at least a cycle’. While Gorrie added that ‘upgrades could provide additional momentum for the shares’, the first-half 2018 net asset value meant the market was ‘already baking in a large amount of growth expectation’. |
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