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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Schroder European Real Estate Investment Trust Plc | LSE:SERE | London | Ordinary Share | GB00BY7R8K77 | ORD GBP0.10 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 66.80 | 100,396 | 11:40:38 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 66.00 | 68.60 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | EUR 20.65M | EUR 575k | EUR 0.0043 | 155.35 | 89.33M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 12:54:13 | O | 3 | 66.369 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 18/3/2025 | 10:45 | ALNC |  IN BRIEF: Schroder European Real Estate quarterly net asset value down |
| 18/3/2025 | 07:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Announcement of NAV and Dividend |
| 17/3/2025 | 15:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Result of AGM |
| 17/3/2025 | 07:30 | UK RNS | Schroder Eur Real Est Inv Trust PLC Transaction in Own Shares |
| 14/3/2025 | 07:30 | UK RNS | Schroder Eur Real Est Inv Trust PLC Transaction in Own Shares |
| 11/3/2025 | 07:30 | UK RNS | Schroder Eur Real Est Inv Trust PLC Transaction in Own Shares |
| 10/3/2025 | 07:30 | UK RNS | Schroder Eur Real Est Inv Trust PLC Transaction in Own Shares |
| 07/3/2025 | 07:30 | UK RNS | Schroder Eur Real Est Inv Trust PLC Transaction in Own Shares |
| 06/3/2025 | 07:30 | UK RNS | Schroder Eur Real Est Inv Trust PLC Transaction in Own Shares |
| 05/3/2025 | 07:30 | UK RNS | Schroder Eur Real Est Inv Trust PLC Transaction in Own Shares |
Schroder European Real E... (SERE) Share Charts1 Year Schroder European Real E... Chart |
|
1 Month Schroder European Real E... Chart |
Intraday Schroder European Real E... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/3/2025 | 08:12 | Schroder European Real Estate Inv Trust | 367 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 12:54:14 | 66.37 | 3 | 1.99 | O |
| 12:33:52 | 66.29 | 1,000 | 662.86 | O |
| 12:30:06 | 66.29 | 600 | 397.72 | O |
| 12:27:35 | 66.41 | 1,489 | 988.89 | O |
| 12:26:15 | 66.46 | 281 | 186.74 | O |
| Top Posts |
|---|
Posted at 24/3/2025 08:20 by Schroder European Real E... Daily Update Schroder European Real Estate Investment Trust Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker SERE. The last closing price for Schroder European Real E... was 66.80p.Schroder European Real E... currently has 133,734,686 shares in issue. The market capitalisation of Schroder European Real E... is £89,334,770. Schroder European Real E... has a price to earnings ratio (PE ratio) of 155.35. This morning SERE shares opened at - |
Posted at 28/2/2025 07:45 by arbus5000 I don't agree that they are always good or always bad. It's highly dependent on the amount, timing, price of the buyback and also the investment opportunities out there for the trust in question, as well as market conditions.I certainly wouldn't want Schroeder's looking for the next 'Uber' in property. For this trust, the impact has been positive. Buy backs at a discount to nav, do raise nav and technically raise the 'discount'. |
Posted at 27/2/2025 15:15 by kenmitch Following up on my 333 post re a classic sample of money wasted on buybacks, here’s another one:-It seems Phil Ackman who runs the very successful Pershing Square Holdings (LON:PSH) has at last (after wasting over $1 billion on buybacks only to see the Pershing Square Holdings (LON:PSH) discount still stubbornly wide) has reached the conclusion that they are! This is from the end of a Citywire article today:- “One investment decision Ackman is not so sure about is buying back the trust’s shares. In his opinion, ‘it is proven that buybacks are not a discount closing mechanism’, evidenced by the trust’s stubbornly wide discount. ‘I think of share repurchases as a capital allocation decision. It is the chief executive’s job to allocate capital to the next Uber…I will make more money for people finding the next Uber rather than buying back our shares.’” That’s exactly what I’ve thought and posted for multiple years, nearly always to be greeted by posts saying why I’ve got it hopelessly wrong. But at long last the message is getting through. |
Posted at 03/2/2025 10:54 by perfect choice So finally got rid of the Seville shopping centre and its debt (so off the books) reducing LTV to 21% with a further reduction to 19% also on the way. Think that makes SERE the lowest LTV REIT I own.Also hello to Kenmitch (from old times on other BB) and yes I struggle to see the value of share buybacks but plenty of ITs doing that right now. But I cannot recall any company doing buybacks who could claim they increased the share price to nearer NAV. In principle sounds right, in practice very rarely works! |
Posted at 27/1/2025 17:13 by kenmitch SKYSHIP.I hadn’t realised that you were basically agreeing and so that I had misinterpreted your post. Thanks for explaining that. As for SERE and SO many others (including WHR which I recently bought for the first time) and SUPR, bouncing today from an all time low, they look way oversold, and at these prices a great income yield while we wait for the upside. Interest rate cuts should do the trick, while of those I hold WHR and SERE look good targets for bidders or some form of positive corporate action. |
Posted at 26/1/2025 15:51 by kenmitch I forgot to include this bit from the Kepler comment after SEQI’s most recent results:-“The board has continued to implement one of the largest buybacks in the listed fund sector, commenced back in July 2022, spending £39.5m to repurchase 49.3 million shares over the period. These contributed 0.47p to NAV per share. The board states it will continue these buybacks to support share price and reduce discount levels, factoring in the underlying liquidity of the portfolio, dividend cover and portfolio diversification needs amongst other considerations.̶ So almost £40 million spent on buybacks contributed just 0.47p to NAV per share. So the total £125 million wasted on their buybacks presumably added a tiny 1.5p to NAV. A lot of money to spend for minimal effect on the NAV isn’t it? Note too how the board “will continue these buybacks to support share price and reduce discount levels,” despite the discount widening from 6% to 15.7% and these buybacks achieving the opposite of their intention. |
Posted at 26/1/2025 11:47 by kenmitch SERE Share buybacks will be a waste of money as Trusts are finding out the hard way.There is a classic example of the money wasted on buybacks in Investors Chronicle this week. It’s SEQI (SEQUOIA ECONOMIC INFRASTRUCTURE INCOME TRUST). They’ve spent £125 million buying back 10% of their shares in by far the biggest buyback in the sector. The discount to NAV was 6% when they started buying back. It has now widened to 15.7%. So much for buybacks helping to narrow the discount! A Manager is quoted saying “We could double the buybacks and it wouldn’t change things. They just show we are confident in the business.” What’s the point then of continuing with their buybacks even now while admitting that they haven’t been effective so far despite £125 million being spent on them? So they’ve spent £125 million to achieve what??????? This is what they’ve achieved with that waste of money. A discount doubling instead of reducing and the other achievement apparently is to show their confidence in the business. That’s a very expensive way of doing that. AND big buybacks are shrinking these Trusts and reducing the capital base and making them more illiquid. Some Trusts are getting the message at last and bemoaning that their buybacks hadn’t worked as hoped. When will more commentators and bb posters get the message too? |
Posted at 17/1/2025 07:22 by skyship Share buyback will put a floor under the share price Could well take us back to the 70p level over coming weeks. |
Posted at 07/1/2025 13:47 by m_kerr The sale derisks the investment further, though I was expecting a sale price at least a million or two above given they seemed quite optimistic in previous results. 8 years holding period with a tiny uplift is only a positive given the pessimism baked into the share price.Seems logical though to sell an asset at book value, then buy back the rest at a near 40% discount. Its a bit of a Mish mash of higher and low quality assets, with some leasing risk (kpn lease on data centre), but some good upside to the share price at these levels IMV. |
Posted at 18/12/2024 10:00 by lord gnome Something out of left field? Never heard anything about this before. Another reason to drop the share price. Bah! |
Posted at 03/10/2024 09:41 by skyship Another trust sells up as sub-scale and unable to grow due to the large NAV discount.This today from ROOF: "As described further below, the Board determined that a sale of the Portfolio was the best means of maximising Shareholder value against a backdrop of persistently wide share price discounts in the investment trust sector, the subscale nature of the Company and consistent shareholder feedback to sell the Portfolio." About time Schroders recognised that SERE too is too small. It needs to sell in-house, sell to a third party or opt to wind-up. |
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