St.modwen Properties Share Discussion Threads

[redartbmud] 25/8/2015 08:38

Peaeff

Good call.

red

[peaeff] 25/8/2015 08:30

I have reinvested half at 436p just in case they take a giant leap when I'm not at the computer. Fingers crossed for the next few days.

[bluerunner] 24/8/2015 14:53

Agreed.I held but I'll also be adding when markets settle. I'm in for the long haul as I see long term benefits here.I'm 50% in cash at present as have been waiting for a few bargains to spring up.No rush at the moment though.

[peaeff] 24/8/2015 14:25

I consider myself extremely fortunate to have sold when I did and it was purely because I had set a target of 490p and stuck to it.

Will let the markets settle before rushing back in. This has become an even better opportunity at these prices and I'm sure there will be a nice bit of profit in it if it returns to previous levels or above. IMS due early October and there seems no reason why it should contain anything derogatory.

regards

[bluerunner] 21/8/2015 14:55

There is no doubt that there is a market correction. It's been going on for weeks and is affecting many stocks.Yesterday, SMP dropped about 2% more than the market did. This happened on a day when the government's green belt plans were mooted. Other brownfield developers also dropped on the same day - INL and GLE.Draw your own conclusions.

[peaeff] 21/8/2015 14:44

cfro (CHUM)

I suppose we all get a bit disappointed when our investments head south instead of north but it seams you are more disappointed that someone else has played it right on this occasion.

I have certain ways of investing, as I have no doubt you have, you hope to get it right most of the time but......

Not back in yet but hope to be soon when markets steady.

Regards 'MATEY BOY'

[jeffian] 21/8/2015 14:36

I just meant that you can't ignore macro-economic issues. It is less likely IMHO that the current modest correction in SMP's share price after a pretty good run is to do with 'green belt development' rather than worries about 'Grexit', low Eurozone growth, Chinese growth stalling, impending rises in interest rates at some point etc etc. Other than 'special situations', most of my portfolio has been red for the past few days, particularly those stocks which have had good gains. Can't buck the market.

[bluerunner] 21/8/2015 12:13

Partly right also means partly wrong though, doesn't it?He picked up on a specific point of mine. However, the chart he's posted hardly shows the index and SMP lines correlating in the way that oilers have correlated with the OP.The decline yesterday had much more to do with sector specific news as I previously stated.Broader declines like today's may be more in line with general sell-off. The general markets have also been in decline for a few weeks - not so SMP.Anyway, I'm holding here long term and potentially adding on drops.

[cfro] 21/8/2015 11:52

I dont think the general market turbulence has helped bluerunner, so jeffian is atleast partly right.

[bluerunner] 21/8/2015 10:58

Err ... Yesterday's 3.5% drop was on sector specific news. Did the market drop by 3.5% yesterday?

[jeffian] 21/8/2015 10:34

"I think the pullback was due to the embryonic government plans for green belt development."

Errr....or it could be because of the recent market-wide correction!

[bluerunner] 21/8/2015 10:26

I think the pullback was due to the embryonic government plans for green belt development. Brownfield planners got hit. However, i think it's a short term blip only. Even allowing for green belt there is still a huge need.

[cfro] 21/8/2015 09:25

A little annoying that the share price has pulled back from the breakout.

Atleast matey boy from earlier has got his target price of 470p. ;-)

[bluerunner] 20/8/2015 10:51

There should be a trading update here in about 6 weeks time - early October. It's likely to be positive and with, seasonality drags out of the way, may be the spark that ignites a sharper re-rating.

[interceptor2] 18/8/2015 22:36

Which it did cfro :o)

[cfro] 18/8/2015 13:47

Yes a fresh breakout providing it holds into the close.

[peaeff] 17/8/2015 18:59

I'm obviously bucking the trend having sold on Friday. Looking to a trace back to around 470p to re-enter.

[cfro] 17/8/2015 17:54

Just to trump the pair of you i actually went back for a few more just before the market close. ;-)

It was a shame the shares couldn't quite finish in the blue (despite a brief look-in), but tomorrow always another day.

[bluerunner] 17/8/2015 15:09

Cfro - great minds indeed !!!I think this is a great buying opportunity now before the next leg up towards broker targets of 570p. Q4 should see this move strongly IMHO unless macro issues play a part.

[bluerunner] 17/8/2015 15:04

Yes INL my largest holding, SMP second largest. Confident of both going forward. My best % performer is my smallest holding CHRT which is up over 50% in under a year.But I think INL and SMP will match that within 12-18 months. Only hold 6 stocks with my two largest holdings accounting for around 60% of investment.

[interceptor2] 17/8/2015 14:44

We must all be thinking the same way, I also bought more this morning. I agree that under 500p is good value, INL are going well today.

[cfro] 17/8/2015 14:21

Great minds and all that bluerunner as i also added first thing this morning! :-)

I have a feeling this will finish in the blue by the end of the day. Volume is slow to build here but as the breakout becomes stronger then it should attract more buying.

[bluerunner] 17/8/2015 11:49

Added again this morning.Good value under 500p IMHOExcellent prospects and I think this will ramp up in the next few months.

[bluerunner] 14/8/2015 15:00

Breaking out !