St.modwen Properties Share Discussion Threads

[chrisb1103] 04/4/2012 09:11

Yeah i'm pleased with this, pretty much rock solid view on 2012 for all areas of the business, and where they see many opportunities to add value they always do imv:

"Our residential business has continued to perform strongly, with a strong sales rate and good ongoing demand for our land. Profits from residential development for 2012 remain in line with expectations set out as part of our 2011 results announcement.

Our current planning applications are proceeding in line with our expectations and our active land transactions, particularly in London and the South East, indicate some upside against our book valuations.In particular, we see significant opportunities for value creation where we can act in partnership with the public sector to create valuable residential land.

Our pipeline of 2012 realised property development profits is increasingly secure and we remain confident in our ability to continue to deliver consistent development profits that will underpin the future growth of the Group.

Our income producing portfolio continues to prove resilient, and our experience and expertise in both retail and industrial lettings is allowing us to maintain our income streams, despite the difficulties posed by the current economic environment."

[tiger20] 04/4/2012 07:59

Fairly positive interim statement today

[chester] 02/4/2012 15:26

i've added some down here at 173p.

[nurdin] 01/4/2012 11:46

Any idea what might these open at Monday morning?

[sammu] 30/3/2012 19:45

My top slice was taken out in the auction - at 184.75. I don't fully understand how the auction process works, but I'm liking it today as my limit price was 179.

[chrisb1103] 30/3/2012 16:54

Blimey, there's a cracking finish! 200 may well be in sight :)

[druinsky] 27/3/2012 11:50

200p in sight

[dugganjoe] 27/3/2012 11:46

What a deal!!!!!

[druinsky] 27/3/2012 11:30

going mental breakout

[chrisb1103] 27/3/2012 11:16

Great high profile win for Bill Oliver and the boys :) SMP business is totally first class - still seems far too cheap here, be great to see a push on to 180 now for starters.

[nurdin] 27/3/2012 10:57

Nice shoot up on that news today..

[cockneyrebel] 20/2/2012 10:49

breaking out nicely here today - 180p next chart resistance imo.

CR

[cockneyrebel] 17/2/2012 11:08

Buyers in here this am.

CR

[chrisb1103] 14/2/2012 11:19

I agree, should get comfortably back into the 160-180 trading range from here for starters and still a significant discount to NAV at 232. Cheers for posting the news items gac141 "strong visibility" and "strongly placed to take advantage of prospects" again stands out. Have heard nothing but confidence from them going fwd imo. Quality.

[cockneyrebel] 14/2/2012 10:58

Doesn't want to give much back imo - another leg up soon imo.

CR

[gac141] 13/2/2012 17:36

St Modwen could build 1,000 homes above London shopping centre

Up to 1,000 new homes could be built above the Elephant and Castle shopping centre in south London, St. Modwen's chief executive's review revealed in the company's annual report (50-page / 244KB PDF).

[gac141] 13/2/2012 15:37

Company behind football plan nets profits
Epworth Bells
The development which will have ten all weather pitches, a family friendly pub, retail and business premises on the former Tyco factory in Wheatley Hall Road, has been given the green light, say regeneration specialists St Modwen.
See all stories on this topic »

First phase of Llanwern dual carriageway begins
South Wales Argus
The scheme involves converting the former Llanwern steelworks access road into a public-standard dual carriageway, which developer St Modwen sees as vital to future growth on the site. Once finished the new route will connect the Newport Southern ...
See all stories on this topic »

[gac141] 13/2/2012 10:40

St Modwen submits further Longbridge regeneration plans

By Ben Cook 09 February 2012
Further plans for the regeneration of Longbridge near Birmingham - including provision for a supermarket, shops and restaurants - have been submitted to Birmingham City Council.

[skinny] 13/2/2012 08:18

Well done to those that held here - its looks very positive.

[gac141] 11/2/2012 10:51

Lakes estate.
​

VACANT PLOT: The site earmarked for houses in Trentham Lakes.


The 30-acre site, off Stanley Matthews Way, was earmarked for development after Stoke City's Britannia Stadium was opened in 1997.

It has remained vacant since St Modwen announced multi-million pound plans for Trentham Business Park more than a decade ago.

But now, outline proposals show the company wants a mix of detached, semi-detached and terrace homes to be built on the site.

The initial plans also include children's play areas, as well as pedestrian and cycle links.

Residents living near the site have welcomed the plans for more homes.

However, some were concerned how local services will cope with the increase in families in the area.

Forty-year-old Justin Kirkham, of Edgbaston Drive, said: "I like the idea of having some houses built.

"But I don't want to see anymore traffic lights installed along Stanley Matthews Way.

"There are three sets which are never used and just make it chaotic when it's busy so they are pretty pointless.

"A new estate will look a lot better than another metal unit and I like the idea that St Modwen have incorporated two children's play areas in the initial plans."

Mum Sarah Furniss, aged 33, of Kennington Oval, is worried about the impact on nearby schools Ash Green Primary, Priory Primary and Trentham High School.

She said: "The new homes are a brilliant idea, anything is better than another industrial unit.

"I just wonder about the school catchment areas and how local schools may struggle to cope with the increase in families."

Nigel Cope, aged 39, also of Kennington Oval, said: "Building new homes is a good idea, but I would like to see a new doctors' surgery built and perhaps a row of shops too, because the only thing close by is Aldi and with all the extra houses I don't think that's enough."

The development is the next phase in the 400-acre Trentham Lakes scheme, which includes leisure, commercial, business and residential properties.

St Modwen is due to submit a planning application to officials at Stoke-on-Trent City Council later this month following a public consultation.

Euan Lindsay, senior development manager at St Modwen, said: "We have received many welcoming comments in response to our consultation, supporting our view that a new residential neighbourhood at Trentham Lakes will prove very popular.

"The new homes will provide improved housing choice in the Trentham area, boost the sense of community at the development and help attract inward-investing companies to the city."

Trentham Lakes is a development by Stoke-on-Trent Regeneration Ltd, a joint venture between St Modwen and Stoke-on-Trent City Council.

Residents are now being asked for their opinions about the development.

They are being urged to contact either St Modwen on 01782 645222, or the firm's planning consultants at Barton Willmore on 0121 7115151 for more details.

[gac141] 09/2/2012 16:00

Thanks CR!

[cockneyrebel] 09/2/2012 12:49

● FT Comment
Hybrid models are often given a rough ride by investors. Instead of being rewarded for fighting well on two fronts, more often than not the shares of such companies lag behind purist sector peers. This is the case with St Modwen. Shares in the land-owning developer have risen 35 per cent since the start of the year, but still trade at a 39 per cent discount to net asset value. This is a long way below the wider property sector, which is on an unweighted average discount of 23 per cent, and looks unjustified.

[cockneyrebel] 08/2/2012 15:13

yes :-)

CR