Segro Share Discussion Threads

[philanderer] 08/1/2013 11:31

I`m holding on, this is one of my steadier holdings, just can`t seem to get a handle on this market at all :-)

8th january Peel Hunt ' buy ' tp 260p

retains

[skyship] 08/1/2013 09:29

EPRA NAV down to 295p - seriously disappointing IMO.

SGRO likely to be an under-performer throughout 2013 as it drifts down to more acceptable discount levels:

20% NAV discount = 236p
25% NAV discount = 221p

ie, a drift back to the H2'12 lows would seem to be on the cards.

This has always been my preferred major - hence it's in the Header of the CP+ thread. However, for better share price prospects in 2013 - take a look at CIC on a 46% NAV discount - write-up on both the CP+ & the CIC threads.

[jonwig] 08/1/2013 09:23

The current share price doesn't have much to go for in the short run, with a NAV of 295p and property markets flat at best.

The yield is worth having while waiting.

[philanderer] 08/1/2013 09:18

8th jan Espirito Santo neutral tp 247p

reiterates

[philanderer] 08/1/2013 08:51

"......Based on the preliminary results of the independent year end portfolio valuation, the overall value of the Group's property portfolio is expected to have declined by approximately GBP180 million in the second half of the year.

[philanderer] 07/1/2013 09:08

Video

Circle Express Pick Polar

Tom Ryan, Managing Director from Circle Express Ltd, talks to us about their decision to take Unit 1, a 122,398 sq ft warehouse space at Polar Park, Heathrow.

[philanderer] 05/1/2013 23:23

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] 04/1/2013 12:39

Poland 04. Januar 2013

Professional medical equipment stays in Tulipan Park Poznań

ArjoHuntleigh, which is a part of the Getinge Group, a global medical technology company, has extended cooperation with Segro within Tulipan Park Poznań. The company will stay on 17 000 sq m of currently leased warehouse space with an office and social unit. ArjoHuntleigh started operating in Poland in 2007 in Tulipan Park Poznań, located in Komorniki near Poznań, where the company currently employs over 535 people

[philanderer] 02/1/2013 13:14

2nd january

Rollon GmbH rents 2,900 sq m in new Segro Park Düsseldorf-Süd

The German Rollon GmbH, developers and manufacturers of linear bearings and actuators, rents 2,900 sq m of combined warehouse and office space in the new Segro Park Düsseldorf-Süd. The contract will start at March 1st 2013. The company is thus moving from Ratingen to Düsseldorf. The lease will cover a period of 15 years; Rollon was advised on the transfer of their facilities by Dieter Janzen Immobilien. By this contract, around 50% of the first building phase have found occupiers.

[philanderer] 19/12/2012 20:32

Resistance 250p... then 260p hopefully.

[philanderer] 14/12/2012 12:07

Re Estates Gazette

14th december

SEGRO plc ‏@SEGROplc

SEGRO is proud to have won Property Company of the Year – Industrial and Distribution at the #EGAwards, many congratulations to the team.

[philanderer] 14/12/2012 09:43

Looks promising this morning - again ;-)

[philanderer] 10/12/2012 14:48

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] 07/12/2012 16:59

+6.5p on the week ... very good :-)

[philanderer] 07/12/2012 13:45

Nice move, 250p looks like resistance

[philanderer] 05/12/2012 12:45

5th dec Espirito Santo neutral tp 247p

reiterates

[philanderer] 05/12/2012 09:06

After 240p.........250p then 260p resistance levels.

[philanderer] 03/12/2012 16:52

Good volume again today - 3 days in a row 2.4m+ traded.

[philanderer] 03/12/2012 12:33

Societe Generale reduces target price from 290p to 280p and keeps its buy recommendation.

[philanderer] 30/11/2012 13:58

Chartwise resistance at 240p... but another good day so far. The France presentation must have gone down well.

[philanderer] 29/11/2012 10:38

Slideshows:

SEGRO in France




FEL Portfolio Acquisition

[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.