Share Name Share Symbol Market Type Share ISIN Share Description
ST.Modwen Prop. LSE:SMP London Ordinary Share GB0007291015 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 267.40p 266.30p 266.70p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 287.5 235.2 97.9 2.7 593.30

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Date Time Title Posts
17/10/201610:43St Modwen Properties579
20/12/200714:57Share price downturn2
28/2/200019:43St Mowdens Props off Citytipster!!4

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St Modwen (SMP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
26/10/2016 16:35:09267.40153,847411,386.88UT
26/10/2016 16:29:55266.30513.32AT
26/10/2016 16:29:55266.3037.99AT
26/10/2016 16:29:55266.30162431.41AT
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St Modwen (SMP) Top Chat Posts

St Modwen Daily Update: ST.Modwen Prop. is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker SMP. The last closing price for St Modwen was 267.40p.
ST.Modwen Prop. has a 4 week average price of 275.20p and a 12 week average price of 280.76p.
The 1 year high share price is 445.80p while the 1 year low share price is currently 0p.
There are currently 221,876,988 shares in issue and the average daily traded volume is 295,566 shares. The market capitalisation of ST.Modwen Prop. is £593,299,065.91.
lazygun: What surprises me is that you have profit of nearly a pound per share, and yet the dividend is a poultry 1.9% of the current share price..... If they're making that much profit, why isn't more if that being distributed back to shareholders? L.
ed 123: Morgan Stanley joined the chorus last week. The warning from Morgan Stanley adds to concerns over a glut of homes in areas like Nine Elms,... Of course, such chatter doesn't mean that prices are certain to fall by 20%. Also SMP's share price is about 40% down from its August 2015 high. Is that enough of a fall for now, while the market awaits further price/sales data? Will today's buyers at c. 305p be laughing in 12 months time?
ed 123: Isn't the falling share price a response to rising doubt about the financial success of VSM's redevelopment of Covent Garden Market? The agreement with Covent Garden Market Authority was signed in January 2013. From what I can see, house prices in the area may have peaked at the end of 2014. Press reports, such as this, will have hit confidence. Speculative investors head for the exit in Nine Elms development I haven't read the agreement between VSM and CGMA but, if it is structured so that VSM pay for the Market redevelopment, then there is higher risk carried by VSM because the sale price per property will have to cover land cost, build cost, finance cost and a per property share of the cost of the Market rebuild. If this is the case, then projections for achievable property prices are more critical than for a normal (ie. site clear and then build flats) redevelopment. I should state that I'm not trying spook anyone. Just sharing my own thoughts on why the share price might be falling. I'm neither long nor short St Modwen, and wish holders a good outcome. Edit: Perhaps I need to add a little balance. St Modwen are very experienced developers and will have put massive effort into planning and pricing this big project, including projecting outcomes if softer end markets should hit. I suppose the question is, "Have they been sufficiently cautious?" I doubt that private investors are in a position to answer this.
creative_accountant: Maybe the new CEO will look at the dividend policy, which should help the poor share price performance.
aaainvestment: I was just about to ask the same question - why the stingy dividend policy? With sparkling results and profits like they are producing the share price should be way higher, but the dividend for a mature company appears ridiculous. BP. have just retained theirs in the face of a very poor performance!
bluerunner: Broker upgrades and press coverage may spark a re-rating. The share price is certainly at bargain levels IMHO.
deadly: Share price is certainly bizarre. Would surely make a prime takeover target!
bluerunner: What you are missing ...... A much higher share price.
bluerunner: SMP has really been a damp squib lately. IC's growth tip of the year is drifting back to where it started the year. However, I suspect the share price will re-rate in 2016. Broker targets were 570p if memory serves - and I thought that was conservative. I'm keeping the faith and taking the chance to add. Any other views?
bluerunner: Solomon - I am also tempted at these levels. Now 2 weeks to news.SMP share price has been struggling of late but so have many others in this market. However, this has to be a decent med-long term opportunity.This is IC's growth tip of the year.
St Modwen share price data is direct from the London Stock Exchange
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