Segro Share Discussion Threads

[racg] 04/8/2009 10:18

What is NAV in the last reported accounts then ?

[l.parker] 31/7/2009 12:28

They were 260 when the rights issue was introduced,according to my records.
Not that I still hold them ,but I did well when I sold. Might go back in
they are a solid set up. they are building new Units in the town I live
in,so must be preparing for a bright future.

[das3] 31/7/2009 09:29

sp still up, tho: a plus is a plus!

[james111] 31/7/2009 08:34

dont you love todays chart!!!!
what a pity we all know the reason why.

[rafieh] 31/7/2009 08:29

I had a dream last night that I had become a millionnaire. This morning when I logged in, for a moment I thought my dream had come true.
Lol. If only...

[tonysss13] 30/7/2009 21:40

thanks Dean

[das3] 30/7/2009 18:34

Reached 27 at the end of day fixup. Best since Oct '08! Plenty of blue sky above :-}}

[tonysss13] 30/7/2009 16:13

anybody know when the shares consolidate?

[911man] 30/7/2009 15:22

I do not believe so, management seem confident and I am sure they will reduce the voids on the BXTN portfolio. The additional cashflow should support a nice div in the future. I also think that rates will remain lowish for a while so there is a double benefit
here.

[das3] 30/7/2009 12:24

Thanks HVS and 911 for reassurance: decided to get in. There's a huge volume of trading which seems to be tilted upwards, and BXTN was taken over at a discount.

Is there any concern about inheriting the loan position that was depresssing BXTN?

[911man] 30/7/2009 11:47

Once the BXTN assets are absorbed and the cull has taken place at HQ (XTN and SGRO), these will be a very, very good bet. The IPD still predicts a downturn in commercial but out in the markets (and particularly the auctions) yields are falling. There are plenty of bad property positions out there, but the combined SEGRO assets are prime and prime will always win given time.

[hvs] 30/7/2009 10:40

Hi das3,

I see NO DANGER here.

They will survive and prosper. I always put my money where my mouth is.

[das3] 29/7/2009 09:14

hvs: imv this is a punt on the recovery of commercial propoerty. Why would I buy this in preference to say BLND? Simply more risk, more return.

What are the dangers that you see?

[swiftnick] 28/7/2009 07:21

"The Company today announces that, as at 11.00 a.m. on 27 July 2009, being the latest time and date for receipt of completed Application Forms and payment in full or settlement of relevant CREST instructions under the Open Offer, it had received valid acceptances in respect of 51,503,853 Open Offer Shares in aggregate, representing approximately 86.53 per cent of the total number of Open Offer Shares offered to Qualifying Shareholders pursuant to the Placing and Open Offer announced by the Company on 9 July 2009. Accordingly, the remaining 8,019,957 Open Offer Shares, representing approximately 13.47 per cent of the total number of Open Offer Shares, have been allocated to the investors with whom they have been conditionally placed."

[deanforester] 27/7/2009 17:20

Bear in mind that that is a PID Property Income Dividend, subject to deduction of tax at 20%.

[typo56] 27/7/2009 10:04

Okay, found the answer. Expected to be 4.6p per SGRO (post consolidation).

[typo56] 27/7/2009 09:50

Could a knowledgable holder please tell me about the interim dividend on SGRO.

Accoring to the prospectus for the proposed acquisition of Brixton there may be an interim dividend declared with an ex date of 19 August. Has an interim dividend actually been declared yet?

My understanding is that Brixton holders will not receive this dividend. If so, how can BXTN shares be valued at the moment without knowing the SGRO interim dividend (if any)?

[robsy2] 17/6/2009 18:19

Perhaps we should all be buying Brixham debt?

[fireplace22] 15/6/2009 06:31

Rights issue?

[fireplace22] 14/6/2009 14:36

Found this on iii thanks to Cautious optimist

Property Week yesterday reported that Segro was considering tapping shareholders for a further £300m to fund repayment of Brixton's debt falling due in the next 18 months. It is suggested this would be after agreeing takeover of Brixton - though presumably Brixton's lenders and bondholders might require a fully underwritten rights issue as a precondition for agreeing not to call in the loans and bonds following expected covenant breach on 30 June.

Any further information?

The suggestion comes from SocGen and is for £300m subscription at 20p each (which to me seems quite precise and may therefore suggest this is a real proposal). SocGen was one of the lead managers on the £500m capital raising in April.