Sigma Capital Share Discussion Threads

[johnwise] 02/12/2013 20:44

Tax threat for buy-to-let

How far will the Chancellor go to raise money from landlords?

George Osborne will take centre stage on Thursday when he unveils his "mini-budget", announcing a range of measures likely to touch on tax-free personal allowances, pensions – and property.

[riddlerone] 02/12/2013 17:04

I wonder if West Coast are just about tapped out as the other two RNS today looks like Hendersons and a HH client are mopping up any sales

[euclid5] 02/12/2013 12:24

Below taken from the Investors Champion note released today

seems SGM may need to raise some funding also?

Debt funding element

Under the terms of the joint venture, Gatehouse will deliver the equity element of the venture and both parties are in negotiations with a number of leading banks for bank financing to complete the initial £200m development phase. Once bank finance is in place, construction is expected to take place over 24 months, with the new homes being delivered in phases.

[riddlerone] 30/11/2013 08:11

So more selling from West Coast and immediately being picked up by Hendersons.The last time West Coast sold in October the same thing happened.

[riddlerone] 29/11/2013 13:53

Also
Regeneration Liverpool, a joint venture between regeneration specialist Sigma Inpartnership and Liverpool City Council, has begun construction works on the new St John Bosco Arts Collegeas part of its development plans in Stonebridge.
hxxp://www.regenerationliverpool.co.uk/2013/08/work-begins-on-st-john-bosco-school-development/

[riddlerone] 29/11/2013 13:50

From their website today
Second new venture established to accelerate delivery of Liverpool residential regeneration projects

Friday, November 29, 2013


AIM: SGM

Sigma Capital Group plc ("Sigma")

Sigma, the property and urban regeneration specialist, is pleased to announce that its property subsidiary, Sigma Inpartnership Ltd, has formed a second joint venture company, Countryside Sigma Ltd, with house building specialist, Countryside Properties (UK) Ltd ("Countryside Properties"). This joint venture will enable Sigma to accelerate delivery of the residential regeneration objectives of Regeneration Liverpool and thereby also improve Sigma's returns.

Countryside Sigma will develop residential sites across the city and complements Sigma's existing joint venture company, Neptune Inpartnership Ltd, which was established in May 2012 to develop the commercial sites Sigma is involved with in Liverpool. The residential development opportunities for Countryside Sigma will arise from Sigma's long-term partnership with Liverpool City Council, Regeneration Liverpool (also referred to as the Liverpool Partnership). Countryside Sigma Ltd will generate value from development schemes on a project-by-project basis and will pay out this value as fees to its two joint venture partners, Sigma and Countryside Properties.

Countryside Sigma's first project is the construction of 63 new homes in Norris Green Village, a 63 acre site located five miles from Liverpool City Centre. As announced today in a separate statement, construction work on the development is about to commence.

Graham Barnet, Chief Executive of Sigma, commented,

"I am delighted to announce this new venture with Countryside Properties. Countryside Sigma is the second joint venture company we have established to accelerate the regeneration opportunities we hold in our partnership with Liverpool City Council. It will focus on the delivery of new homes and complements our first joint venture company, Neptune Inpartnership, which is focused on commercial sites. Both joint ventures help us to deliver the Council's regeneration objectives for Liverpool and crystallise further value for Sigma

[puku] 29/11/2013 11:10

what does it mean when they say "Gatehouse will provide the equity element of the venture " ? Is it going to be a new company and if so what percentage would sigma own - and what do they have to provide to get that share. ? Looking at the numbers - first tranche £200m - if they get say 2% (my pure guess) management fees that would be £4m income over next 2 years - compare that to market value of say £15 m. Good value for now but when phase 2 for £500m kicks in - already at upper orbit and ready for escape velocity !! ??

[riddlerone] 28/11/2013 20:51

Options were announced at 12.29,RNS at 7.01 hardly minutes.Anyway what does it matter as they cant exercise them until 3 years.Why would they also buy in at 30p and collectively spend nearly 85k if they didnt have the confidence in the share price staying above that level.

[big7ime] 28/11/2013 20:51

Morriseyme I think you have misunderstood the nature of "the deal" the 700m is the cost, which will have to be funded. Gatehouse have said they'd take the equity, now the question is how much sigma need to borrow vs the management fees they will receive (typically few percent)

The property is in balance sheet at 23k not sure why you think they own the land, local authority land I believe, correct me if I'm wrong. The builder countryside Homes set to make the money I think, checked their shares?

They've had similar deals and not turned a profit, may have been overdone today. Now Mkt cap £18m

[big7ime] 28/11/2013 20:06

Options announced minute before rns 26p, smells a little. Big sells end of day. What's the land value at on BS

[riddlerone] 28/11/2013 18:05

After hours RNS Directors buying 282k shares at 30p.

[ukmassy] 28/11/2013 15:49

Errm Going down a bit! Hopefully up tomorrow!

[morriseyme] 28/11/2013 14:29

buy limits cut down again. expect this to close on days high and up again tomm after overnight press coverage on the mega deal

[morriseyme] 28/11/2013 12:38

fair price to award options also



Sigma Capital Group PLC Directors' Dealings
Print
Alert
TIDMSGM

RNS Number : 1941U

Sigma Capital Group PLC

28 November 2013

28 November 2013

SIGMA CAPITAL GROUP PLC (the "Company")

Directors' dealings - grant of options

Sigma Capital Group plc, the residential and urban regeneration specialist, notifies that on 28 November 2013 the following options over ordinary shares of 1p each in the Company were granted to certain Directors, exerciseable at 26.25p per Share between the third and tenth anniversary of grant:


Director Number of Resultant
Options granted holding of
Options

Graham Barnet, Chief
Executive 114,286 114,286
John Hamilton, Property
Development Director 38,095 288,095
Graeme Hogg, Chief
Operating Officer 82,857 332,857
Bill MacLeod, Investment
Director 114,286 114,286
Duncan Sutherland,
Regeneration Director 42,857 292,857
Gwynn Thomson, Property
Investment Director 38,095 288,095

[morriseyme] 28/11/2013 12:38

afternoon buying will commence later prior to evening press and further exposure.

can see this rising into close and up again in the morning.

[ukmassy] 28/11/2013 12:22

Seems to be stuck. Do you think it will go up again later?

[morriseyme] 28/11/2013 12:07

reminds me of NTA. 4P TO £1.40

[euclid5] 28/11/2013 12:00

Let's not forget the £700m is the Cost of the Developemnt - so must have a market value far above this once completed & Sigma's land must be worth much more

"the development cost of the entire proposed portfolio is estimated at c.GBP700m"

[morriseyme] 28/11/2013 11:51

my short term target is also £1+. as news filters through and folks wake up to the current market cap vs the £700m joint venture it will gather pace.

not many share in free float neither.

[smraynot] 28/11/2013 11:48

The news just gets better and better, my short term target is 100p+

[euclid5] 28/11/2013 11:37

Sigma's land value will be increasing based on these deals today

"The new homes will be built on land procured and developed by Sigma and the model is underpinned by Sigma's existing three local authority partnerships, with Sigma currently in discussions with other potential local authority partners."

[shafaq] 28/11/2013 11:35

I bought these this morning, and when u talk about £700m deal there is only one way this could go!!.Tops might have his reasons, but he isn,t a guru, he does get it wrong.Dyor, i think u will be surprised where this could go in nxt couple of days.

[seabass] 28/11/2013 11:32

if you are looking for future contracts just take a look at cnel

[shafaq] 28/11/2013 11:27

Imo, after this deal u can forget about nav, its only the future!!!Forget about the past.