Segro Share Discussion Threads

[jonwig] 24/7/2013 19:29

DeanF - interesting, and new to me.
I've just read this - 6 miles away might not be too bad:



However, the fact that the Telegraph is the sole reporter, and from SEGRO's pov, suggests to me that they are feeding the story to the paper.
Part of their submission plans?

[deanforester] 24/7/2013 17:22

I still don't see why, if they need more runway capacity, they don't make immediate use of Northolt.

[jonwig] 24/7/2013 08:52

The Telegraph is the only daily to carry any coverage of the work of the Airports Commission, which is looking at competing strategies for a hub airport. Gatwick and "Boris Island" have their advocates.

In a submission to the Government's Airports Commission, chaired by Sir Howard Davies, the property giant, Segro, said that a poll of businesses around Heathrow showed huge support for expanding the airport as the best solution to the UK's aviation needs. Any other option would cause significant economic damage.



Trouble is, the third runway option seems to be mired in planning and politics. I'm surprised complete closure of Heathrow is even being contemplated.

[pillion] 24/6/2013 11:28

Well the announcement knocked the share price for 6

[jonwig] 24/6/2013 07:12

The Board of SEGRO plc notes the recent press speculation regarding the potential formation of a joint venture in connection with SEGRO's Continental European logistics portfolio.

I didn't see it, but it was the Sunday Times, and confirmed by SGRO

THE owner of the Slough trading estate - home to David Brent's The Office - is plotting an ambitious European deal with the Canadian pension fund that looks after Mounties' retirement savings.

Segro, the industrial property specialist, is in talks with the Public Sector Pension Investment Board (PSP Investments), one of Canada's biggest funds, over a logistics joint venture on the continent.

The move comes as property companies scramble to control freight and transport hubs across Europe. The boom in internet shopping, combined with increasingly globalised manufacturing and lengthening supply chains, has driven demand for warehouses in key areas around Charles de Gaulle airport in Paris and the Rhine-Ruhr region in Germany, for example.

There have been low levels of warehouse building since the financial crisis. In a sign of the growing appetite, Prologis, the American industrial giant, teamed up with Norway's sovereign wealth fund last year to buy logistscs properties.

... More, which is for subscribers.

[deanforester] 16/5/2013 16:28

Surely the point is that they cannot ask for the dividends to be paid without deduction of the 20% tax.

What they will no doubt due is to reclaim the tax on your behalf.

Mine does that, anyway.

DF

[jonwig] 16/5/2013 16:06

I don't think you can, no.

[donaferentes] 16/5/2013 15:07

Self trade

Thanks for your helpful response.

Can I make the claim myself direct to HMRC do you know?

[jonwig] 16/5/2013 14:48

donaferentes - I think they are acting unreasonably ... the money (tax reclaim) is yours by right.

Start by writing a brief, civil, formal letter to their complaints department asking for the PID tax to be credited to your account.

Depending on their reply, follow up with thanks or, state the fact that at least two other providers (TD Waterhouse and Alliance Trust Savings - my providers) allow the reclaim.

Be patient and reasonable, but as a last resort, prepare to (a) transfer your ISA elsewhere and demand they do it FOC, (b) report them to the FSA. They won't like being reported, as it costs them.

Make sure you understand their complaints procedure and follow it to the letter. Are you willing to divulge who they are?

[donaferentes] 16/5/2013 13:32

Just been told by my ISA manager that because my shares are held in a pooled account they cannot reclaim the tax deducted at source (unlike my SIPP manager where I also hold some who has just done so). Any ideas how you start claiming this back for yourself - as I am advised I must do? TIA

[donaferentes] 16/5/2013 12:53

Nothing to explain the parabolic rise from 270 to 300p over the last fortnight. Any ideas, anyone?

[red army] 07/5/2013 23:40

Received 9.9p in my SIPPS

[donaferentes] 07/5/2013 19:55

I wondered about that too - is this part of the REIT status that requires a withholding tax?

Nice break to the upside today.

[adv11] 29/4/2013 08:55

thanks very much jonwig ... something new learned. Unfortunately it's not in an ISA.

[jonwig] 29/4/2013 08:43

adv11 - I received 7.92p, which is 80% of 9.9p. The other 20% is the PID tax credit which will be claimed back inside the ISA. It usually takes a few weeks.

[adv11] 29/4/2013 08:28

could someone please confirm the dividend they actually received last week - ie 9.9p ?

[pillion] 23/4/2013 09:18

Solid operational performance, momentum maintained in developing our land bank and further steps taken to deliver on our strategy

[bondholder] 20/3/2013 14:36

Thanks - I was scratching my head there !

[pillion] 20/3/2013 14:35

Ex divi today; hence the drop

[skyship] 09/3/2013 10:37

UK-Analyst Summary:

Industrial property business Segro (SGRO) reported a total property return of -0.1% for 2012, down from a +0.8% return in 2011. This reflected an increase in negative capital returns, which offset an increase in income return. The improved income return was fuelled by a lower vacancy rate, a reduction in non-income producing assets and an increase in like-for-like rental income. The higher negative capital return was driven by an unrealised valuation decline in the firm's non-strategic assets and UK office portfolio. The shares increased by 1.4p to 269.1p.

[skyship] 07/3/2013 14:36

UP 4.5% as Goldman Sachs mark SGRO as a BUY - target 285p.

Good selling opportunity...

[asmodeus] 27/2/2013 10:53

Figures now out.

[pillion] 22/2/2013 14:10

..........full year results for the year ended 31 December 2012, will be published on 27 February 2013