Segro Investors - SGRO

Segro Investors - SGRO

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Stock Name Stock Symbol Market Stock Type
Segro Plc SGRO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
11.00 0.9% 1,228.50 16:35:18
Open Price Low Price High Price Close Price Previous Close
1,226.50 1,218.00 1,238.50 1,228.50 1,217.50
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Industry Sector

Top Investor Posts

jonwig: The main bit: Well positioned to serve rising e-commerce giants such as Amazon rather than to be in their way, Segro went from strength to strength. Its empire stretches from the Midlands to Barcelona and Warsaw, with 1,190 tenants ranging from Amazon and Deutsche Post to Brompton bikes and immunotherapy researchers. “We were aware of the internet, we were aware of e-commerce, but I don’t think any of us really foresaw that it was going to grow as rapidly as it has, particularly with what we have seen in the last few weeks,” he says. “But it’s not just about e commerce.” Demand for warehouse space is only set to grow following the pandemic, which has pushed millions more towards online shopping and forced supermarkets to refocus on logistics. As thousands of businesses flounder in the wake of coronavirus Segro, which started life in 1920 on what was a repurposed military vehicle depot in Slough, has just raised £680m on the stock market to fund expansion. Days earlier it splashed out £202.5m on Perivale Park, a 34-acre urban warehouse estate in Perivale, west London. “It’s one of those rare crown jewels,” says Sleath. “Our willingness to invest during the pandemic, when perhaps other investors were more cautious, gave us a competitive edge.” Success has not come without bitterness from opponents. High-street retailers struggling to compete with online retailers argue it’s an unfair match because business rates are so much more expensive for high street properties than for out-of-town warehouses like Segro’s. “The rates system is woefully out of date and valuations keep getting pushed back,” agrees Sleath - but says all sides need to be taken into account. “It is time to review the rates system so we have a fair and equitable system - but rates are about collecting revenue to support the provision of local services. “And of course at the moment the people using those local services are the high-street brands and physical retailers.” Taxing questions Coronavirus has posed other questions of fairness in business. There are suggestions that companies that have done well during the pandemic should help more towards the recovery, possibly through a windfall tax. “I think we already have a complex enough tax system,” says Sleath, stressing that Segro is not a windfall beneficiary but has been working extremely hard throughout. “I probably wouldn’t want to go into that topic,” he retreats. “It’s a complex area.” To mark its centenary, Segro is spending £10m over the next decade on projects to support local communities in the UK and Europe, particularly as they try and recover from the pandemic. Board members have also waived 25pc of their fees and salaries for three months, which will support the fund. As he looks out over the next decade, Sleath is not planning growth beyond Europe, despite the huge markets overseas. “Property is a local business. I’m not sure going to Asia, interesting though it would be, is a great way of creating shareholder value.
skyship: Seeing a bit of a bloodbath in the blue chip propcos, though a bit of a bounce today due to the INTU bid approach. Posted this yesterday: =================================================== FTSE slumps as Fed rates warning rattles investors The blue chip propcos were especially badly hit: # BLND - down 31 (5.2%) @ 576p # LAND - down 34 (3.9%) @ 841p # HMSO - down 27 (6.0%) @ 433p !!! Happily RGL again moving in the opposite direction - up another 0.4p today. I suspect the reason for no RNS showing no more CIC, is that they were already below the disclosure level! =================================================== IMO RGL will continue to make progress versus a lower sector and possibly lower Markets, as they were at a false level due to a stock overhang, possibly now cleared. Plenty of info on the RGL & CP+ threads...
jonwig: Citywire: Expectations for industrial real estate investment trust Segro (SGRO) have been running high as investors pile into logistics but they are already baked into the valuation, says Numis. Analyst Paul Gorrie retained his ‘hold’ recommendation and target price of 712p on the stock after first-half results. He said the company ‘does not appear to be slowing down, indeed it is rightly putting its foot on the gas to exploit occupier and investment demand conditions which are as favourable as they have been for at least a cycle’. While Gorrie added that ‘upgrades could provide additional momentum for the shares’, the first-half 2018 net asset value meant the market was ‘already baking in a large amount of growth expectation’.
jonwig: Peel Hunt, via FT Alphaville: Segro’s FY results provide further evidence of the sustained growth in industrial & logistics with impressive NAV growth of +16.3% which is well ahead of Peel Hunt’s estimated growth (+6%) and consensus (+9%). This further underlines the strong investor demand, particularly in the UK where the portfolio increased in value by +15.8%. Segro’s dividend yield of 3.0% is lower than its industrial/logistics peers but with the shares now trading around NAV, we increase our target price to 610p.
jonwig: Yup. And very good they are. But share price on a par with NAV - how much premium will the market take? Good summary in this video: Http://
philanderer: MIDAS SHARE TIPS: Property developer Segro has tempting yield FINANCIAL MAIL ON SUNDAY PUBLISHED: 22:31, 5 January 2013 Established property developer Segro is our second recommendation. It owns the Slough Trading Estate, home to Ricky Gervais's television hit, The Office. Segro offers investors a six per cent dividend yield and the possibility of some real share price appreciation, too. The company is in the throes of change and the stock should respond as chief executive David Sleath delivers on his strategy. Sleath took the helm in the summer of 2011 and has spent the past 18 months giving Segro a much sharper focus, concentrating on industrial property in or near key transport hubs, such as the Thames Valley,Heathrow Airport, Ile-de-France – the region surrounding Paris – and the Rhine-Ruhr region in Germany. Sleath is also disposing of non-core property in Britain and on the Continent and reinvesting the proceeds in his chosen areas. The company sold £505million worth of property last year and expects to complete further sales in 2013. Brokers forecast a dividend of 15p for the year just ended, rising to 15.3p for 2013 and 15.5p the year after. Profits are expected to grow steadily as well. Midas verdict: Sleath is determined to create one of Britain's leading income-focused property companies and City supporters believe he is well-equipped to do so. The shares are trading at 251p and should reward yield-seeking investors. Buy. Read more:
philanderer: DHL Aviation takes second Heathrow unit 10 December 2012 DHL Aviation has taken a 81,000 sq ft unit at the Heathrow Cargo Centre in a deal that almost doubles the space it occupies at the centre. It has leased the facility from Airport Property Partnership, a joint venture between SEGRO and Aviva Investors. DHL already occupies 100,250 sq ft including airside yard area, and now it has taken the building next door, including further airside yard area, to cope with increasing demand. The primary function of DHL Aviation is to provide international transport services for the DHL group including all export, import and transhipment of DHL shipments which includes customs and security processing. The Heathrow Cargo Centre, also known as "The Horseshoe", provides cargo transit units with direct airside access. Danny Pedri, managing director, hubs & gateways UK and Ireland, DHL Aviation, said: "The Horseshoe at Heathrow provides us with an ideally located cargo transit unit and direct airside access, which is essential for our aviation business. To accommodate our growing market share, we've been pleased to work closely with the APP team to meet our requirement for expansion at Heathrow."
philanderer: SEGRO Investor and Analyst Site Visit 29 November 2012 SEGRO, Europe's leading owner-manager and developer of industrial property, is today hosting a site visit for investors and analysts in Paris. SEGRO has approximately €630m* of property assets in France, 84% of which are in the Paris/Ile de France region. The primary objective of the trip is to provide greater understanding of SEGRO's position and plans for its logistics and multi-let industrial operations in the region, including the benefits of the Group's recent €161m acquisition of logistics assets. The event will include an overview of the French industrial real estate market and presentations on SEGRO's business and strategy in France. During the day, we will also visit some of our light industrial and logistics assets in the northern Ile de France region, providing an opportunity for the local management team to showcase some of their recent successful development projects and their value-adding asset management initiatives. Slides from the day's presentations will be available on our website from 8am (GMT) today: SEGRO will not be issuing any new market guidance during the course of the site visit
skyship: Segro lines up £300m sale 18 January 2012 | By Patrick Gower / PropertyWeek Segro is close to selling £300m of industrial and regional office space, as its £1.6bn disposal of non-core assets kicked into gear, Property Week can reveal. The industrial REIT is selling portfolios to a Harbert and Canmoor joint venture and fund manager Ignis Asset Management. The developer, under new chief executive David Sleath, has moved to shed itself of underperforming assets at an unprecedented pace since Sleath announced plans to reshape the company's portfolio in November – and is already a quarter of the way through its sales programme. US private equity firm Harbert, alongside Canmoor, is understood to have placed under offer a portfolio of Segro's business parks worth more than £200m. Just last week it emerged that Harbert had agreed a deal to buy the IQ Farnborough business park for approximately £90m. The latest £200m portfolio comprises four of Segro's best known regional business hubs; Trafford Park, in Manchester; Heywood Distribution Park, near Bury; Kings Norton Business Centre, in south Birmingham; and Meteor Park, in Aston. Canmoor and Harbert completed a similar deal in 2009, when they teamed up to buy a portfolio of four industrial estates from Segro for £100m, including the Grand Union Estate in Park Royal and Woodside Estate in Dunstable. Meanwhile, Ignis Asset Management is understood to be close to agreeing a deal to buy a £90m portfolio of assets across the south of England, predominantly around Southampton and Portsmouth. The portfolio includes the Railway Triangle Industrial Estate, near Portsmouth. It is thought the assets are to be bought on behalf Ignis's UK Commercial Property Trust. Sleath used an investor day in November to make his mark by saying Segro's performance in Europe and the UK's key markets in West London and Slough had been "diluted" by underperforming assets. He added that the firm had identified "£640 million of large non-strategic assets, such as pure suburban offices and bespoke manufacturing campuses and £1 billion of other industrial and land holdings which will be recycled over the coming years." That week, Sleath told Property Week that the company had plans to "look at" bringing third party investors into its treasured Slough Trading Estate, following successes with its Airport Property Partnership joint venture with Aviva Investors. As Sleath outlined his plans for the £1.6bn sale, Segro, alongside Moorfield, was negotiating with Legal & General Property, Hermes Real Estate and LaSalle Investment Management to buy their £300m UK Logistics Fund. The deal, which completed just before Christmas, saw Segro and Moorfield acquire 4.35m sq ft across 14 big sheds, to fit with the new strategy. Jones Lang LaSalle is advising Segro. All parties declined to comment.
4spiel: Quite alot of debt in bond market. In the crash these bonds were dirt cheap -they have been bought up because speculators have bought what investors would not have bought because there was only the higher risk left to get any yield. Any trouble and they will drop like a brick. So what is the equity really if high vacancy levels increase and the dividend wanes. Don't like these.
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