We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Summit Properties Limited | LSE:SMTP | London | Ordinary Share | GG00BJ4FZW09 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.60 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.45 | 0.75 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.60 | EUR |
Summit Properties (SMTP) Share Charts1 Year Summit Properties Chart |
|
1 Month Summit Properties Chart |
Intraday Summit Properties Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/11/2023 | 09:02 | Summit Properties | 135 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 05/11/2023 09:02 by iqboeq903 to any wanting to sell, I offer 50p per share |
Posted at 13/10/2023 16:15 by jezreel I'd more or less written this one off in my mind as worthless. So I was surprised when a dividend suddenly appeared in my account in September. 8.1 cents per share, after three years of nothing. Definitely good news! No idea where it goes from here .... |
Posted at 03/8/2022 11:47 by phbatbjco Asset match indicates latest result of share transactions, "In the auction that closed at 3pm on 26th July 2022, 6,950 shares traded at 85 pence per share." It appears to be one seller of 6950 shares |
Posted at 03/8/2022 11:01 by mark20690 Are you buying, and if so at which price? |
Posted at 11/5/2022 23:19 by phbatbjco I noticed that on asset match the latest auction held of the shares appeared to indicate they were trading @ 80p on 26/4/22, having previously traded at 60p in Jan 22 and 40p in Oct 21. However these seem to be for fairly chunky holdings of approx 50k shares.For comparison the NAV in the 31.12.21 accounts appears to be Euro 2.8325 per share or approx £2.43 per share. Even if one applied a 50% discount to NAV for a minority holding 80p seems very cheap. Who is buying these shares @ 80p then? The majority shareholder? Quietly topping up their holding at a huge discount? Anyone made any recent contact with Liberum? |
Posted at 08/12/2021 10:47 by bowerdean I understand that Liberum are paying/are contemplating paying Euro 1.45 less commission per share. This is the same price as they paid when they were last in the market in around March 2020, assuming it’s the same buyer. I do not know how long this offer remains open for but have asked my broker to contact Liberum to offer my shares to them.Although Euro 1.45 is way below asset value,it is way above what the shares have traded at via Asset Match recently. If successful I will write a memo to myself to think very carefully before again investing in a majority controlled company. |
Posted at 09/11/2021 13:50 by davebowler Such a contrast to Summit. Sirius Property-Strong results, proposed UK acquisition and £135m capital raise Mkt Cap £1,469m | Share price 138p | Prem/(disc) 65.9% | Div yield 2.9%EventSirius Real Estate's EPRA NTA per share at 30 September 2021 was 97.0c (March 2021: 92.3c), which represents a 7.3% NAV total return over the six-month period. The NAV performance was driven by a 4.6% like-for-like revaluation gain. The valuation uplift is due to a combination of yield shift (20 bps of yield compression), rental growth and uplifts from the capex programme. The EPRA net initial yield on the portfolio is 6.2% and the average capital value per sqm of 895 is well below replacement cost. Annualised rental income rose by 2.5% on a like-for-like basis in H1. This was predominantly driven by a 2.6% increase in average rental rates. Like-for-like occupancy remained broadly flat at 86%. Cash collection has remained strong with 97.4% collected for the six-month period. The strong operating performance led to a 7.3%% increase in adjusted EPS to 2.93c per share. The H1 dividend has increased by 12% to 2.04c per share (65% payout ratio). FFO per share increased by 12.1% in H1 versus the prior year.Sirius has also announced it has agreed to acquire BizSpace Group for £245m (EV of £380m). BizSpace is a provider of flexible regional workspace in the UK across 72 sites. The portfolio is comprised of 74% light industrial and 26% out of town office assets. The acquisition will be funded by a combination of debt (new and existing) and an equity issue of £135m by way of an accelerated bookbuild. BizSpace's existing management team will remain in place. The transaction is expected to increase FFO and dividends by 11% and will be marginally accretive to EPRA NTA per share. The net LTV ratio at September 2021 was 36.8%. The BizSpace acquisition will increase the net LTV to 44% and Sirius expects to de-lever towards its 40% target over the medium term. Sirius completed a 400m five-year bond issue in June at an attractive 1.125% coupon. The weighted average cost of debt has fallen by 30bps to 1.2%. Liberum viewSirius Real Estate's portfolio continues to deliver strong operational performance. The company has achieved a material increase in both portfolio occupancy and the average rate per sqm over the last five years. Significant upside remains given the potential for asset management improvements across the portfolio. The average value per sqm of 895 is well below replacement cost and offers scope for further growth. We note the bullish outlook from management regarding expectations of FFO growth in H2 (acquisitions) and over the medium-term through the capex programme and vacancy reduction. The BizSpace acquisition offers the company the chance to enter a new market at scale and replicate its successful operating model. |
Posted at 01/6/2021 17:33 by modewheel Certainly not in any way an expert in share dealings but holding 14k shares in Summit after todays Germany property sell off and the cash retention what makes you think they will come back to the market and how soon? |
Posted at 01/6/2021 11:06 by irenekent Most interesting. I am also still a shareholder and happy to remain one. I have a feeling that when they feel the market is ready a re-float will occur as happened before. We should encourage this because this is the only way to get a fair price for our shares. The de-listing probably protected us from the carnage that occurred on the markets last year. Here's hoping. |
Posted at 05/3/2021 09:49 by bowerdean Yesterday I received an email from Tom L-K attaching letter from Chris Le Page, Director of Summit. The Board have discussed my concerns with their legal advisers and a precis of the letter is as follows:At the time of the delisting, Summit made a tender offer in strict accordance with Take Over Panel rules; there was no legal requirement for the tender offer. If you didn't participate in the tender that's not Summit's fault. Summit initiated a Matched Bargain facility. As Summit still has a bond quoted in Luxembourg, ordinary shareholders will continue to receive all company information on their website, over & above what is legally required. Summit has returned Euros 215m to shareholders. Summit has no current intention of share buybacks. Summit has no control over the majority shareholder, being a separate legal entity, should it wish to buy in the market. As was fully explained in the Circular for delisting etc, where there is a dominant shareholder it is inevitable that there will be limited liquidity in trading and therefore no surprise that there is a disconnect between share price and NAV. The only crumb of hope I take away from this is the fact that the majority shareholder, Unifinter which is 100% owned by Summit Real Estate, quoted in Tel Aviv might at some stage decide to buy out the minority or alternatively, in time to come, it could refloat Summit Properties on the market as it has done before. With the benefit of hindsight one should have been pursuing the ultimate parent compamy Summit Real Estate in Tel Aviv, not Summit Properties in Guernsey as I imagine that's where the major decisions are taken. If you want someone else to blame for the current situation, how about Mark Barnett, Neil Woodford's trusty lieutenant for many years? The decision to delist was strongly influenced by his putting his ( Invesco's) 27% stake in Summit up for sale. That is when Unifinter stepped in and paid Euro 1.45 for it and initiated the tender offer at the same price, thereby ending up with most of the company. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
