Segro Share Discussion Threads

[philanderer] 29/11/2012 08:31

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: www.segro.com/investors

SEGRO will not be issuing any new market guidance during the course of the site visit

[philanderer] 28/11/2012 13:25

Segro secures occupier at ailing Neckermann campus

28/Nov/2012

Segro has signed a 350,000 sq ft letting at its troubled Neckermann site in Frankfurt.

[philanderer] 27/11/2012 11:39

Bit of a bounce so far this morning.... 500k+ traded so far.

[philanderer] 13/11/2012 08:54

12th nov Deutsche Bank buy tp 330p

reiterates.

[philanderer] 11/11/2012 20:15

'SEGRO pushes on with Reading spec'

SEGRO will complete the speculative refurbishment of the 49,500 sq ft E² scheme at IQ Winnersh in Wokingham by the end of February.

The building is due to be refurbished by 28 February and is the only speculative office scheme currently coming forward in the Reading market.

E² occupies a self contained site close to the A329M. It will provide open plan floor plates of circa 23,000 sq ft each.

Tenants at IQ Winnersh including Virgin Media, Jacobs, Qliktech and Harris Systems.

[philanderer] 10/11/2012 18:54

One broker update for SGRO last week

5th nov Jefferies hold tp 250p

[redartbmud] 10/11/2012 14:34

As a much smaller operation based in the Midlands, Mucklow is ruling out speculative investments at the present time because the market place is still very fragile.

[philanderer] 09/11/2012 19:50

Order filled for a few more at 228p.

Some news from this week:

Segro seeks to bring urban logistics concept to Warsaw

Date: 6 November 2012




7th november

SEGRO approves speculative development at Origin site

[philanderer] 30/10/2012 15:57

'First networking event for Slough Aspire programme to be held next week'

THE first free networking event to spark business growth in the town will be held on Wednesday next week. (7)

Aspire for You, part of the Slough Aspire skills and training programme launched in July, will host the event at IQ Slough marketing suite, in Bath Road, from 5.30pm.

It was created by Segro and is supported by Slough Borough Council, East Berkshire College, Mars, Learning to Work, Ipsen, Lonza, Polycom, O2, RIM, UCB, and the Federation of Small Businesses.

[philanderer] 29/10/2012 16:06

Bought a few , luck to all.

--------------

Brokers since the IMS, most of which are a bit more reasonable..

29th oct Deutsche Bank buy tp 330p
29th oct Credit Suisse outperform tp 285p
25th oct Jefferies hold tp 251p
25th oct Morgan Stanley equal weight tp 240p
25th oct Investec buy tp 250p
25th oct Panmure buy tp 270p
25th oct Espirito Santo neutral tp 247p
25th oct Oriel add -
25th oct Liberum hold -

[jonwig] 29/10/2012 11:42

NAV was 317p (EPRA basis) at 30/06, makes 330p look a bit rich.
But of course 230p is a bit stingy!

[philanderer] 29/10/2012 11:36

On my watchlist and tempted to buy in.

Deutsche Bank reissued their buy rating on shares of Segro (LON: SGRO) in a report released on Monday. Deutsche Bank currently has a 330p target price on the stock.

[jonwig] 26/10/2012 07:32

Nothing said - it's about development and rental activity. Vacancy % is down a bit.
Generally encouraging.

[asmodeus] 25/10/2012 22:04

Yes - but did their profits (and dividend) increase or decrease? Sorry if I read to quickly and missed it.

[jonwig] 20/9/2012 10:11

red - those two regions of France are among the most sought-after in the whole EU.
Whatever one might think of EZ politics, and French in particular, France has some world-beating companies!

SGRO are concentrating on this, Germany, Poland and West London (Heathrow, etc.).
The share price over-discounts their strength ... IMO!

[redartbmud] 20/9/2012 08:50

"Strongest markets."
Err.. does young Phil know about the problems in the Euro/Eurozone?

[skinny] 19/9/2012 07:28

RNS Number : 6019M

Segro PLC

19 September 2012

SEGRO completes the acquisition of prime logistics assets in France for EUR160.8 million

Further to the announcement of 2 July 2012, SEGRO is pleased to announce that it has now completed the acquisition of a portfolio of eight prime French logistics assets for EUR160.8 million (GBP129.7 million) from Foncière Europe Logistique, a subsidiary of Foncière des Régions.

The portfolio comprises 13 buildings, which are 10 years old on average, totalling approximately 255,000 sq m of lettable space and currently generating EUR14.2 million (GBP11.5 million) of annualised rental income.

Commenting on the acquisition Chief Investment Officer, Phil Redding, said: "This acquisition significantly enhances SEGRO's existing platform in the Ile de France region and in Lyon and marks another positive step forward with our strategy to expand our portfolio of high quality logistics assets located in the strongest markets."

Exchange rate at 18 September 2012: GBP1/EUR1.24

- ENDS -

[jon827] 18/7/2012 19:18

RNS Number : 9861H

Segro PLC

18 July 2012

18(th) July 2012

Further statement re: Neckermann

In a press release published today, Neckermann.de GmbH ('Neckermann'), the Frankfurt based mail-order company, announced that it will today file for insolvency proceedings.

This follows an announcement on 27 April 2012 in which Neckermann advised that, in order to remain viable, it needed to restructure its operations around its e-commerce offering.

SEGRO owns a 309,000 sq m facility in Frankfurt, of which 291,000 sq m is currently occupied by Neckermann. This principally houses the company's head office staff, together with its catalogue and clothing operations. In 2011, rental income received from Neckermann in respect of the site totalled approximately GBP12 million.

[tobias] 19/6/2012 13:31

Segro Plc
Morgan Stanley
Overweight
Overweight
230
230
SMDS
DS Smith Plc
Davy Research
Underperform
140

[jonwig] 26/4/2012 16:21

ja47 - I didn't really see much significant in the IMS ... a company such as this is caught between long term strategy (disposal of non-core assets) and short-term GDP concerns.

There's a striking contrast between EU performance (better) against UK (worse), but neither region is much good!

As for dividend payments, as a REIT they have to pay out most of their net rent, which might mean a slight fall unless they top up from reserves.

[johnandrew47] 26/4/2012 12:31

Has anyone any comments?

[asmodeus] 22/2/2012 11:34

Director buys 10,000 at 232.99 (21/2)

[janeann] 21/2/2012 11:29

yes - was surprised to see it down given the results and dividend!