Segro Share Discussion Threads

[monet] 27/2/2024 20:08

So what will Placing Price be?


Closed now 8:00pm on 27 Feb 2024

Expected admission

Expected on 01 Mar 2024

[boozey] 27/2/2024 19:39

Well this is a surprise...

[monet] 27/2/2024 19:16

On PrimaryBid website

We’re pleased to announce the following FTSE 100 offer on PrimaryBid


The offer is expected to close close at 8pm today.

Admission is expected to take place on 1st March 2024

[jonwig] 27/2/2024 18:41

It's a token gesture, to keep the FCA, etc, happy:

The Retail Offer is expected to close at the same time as the Bookbuilding Process is completed and no later than 6:30 a.m. on 28 February 2024, and may close early if it is oversubscribed.

How many PIs will be able to act between 5pm today and 6:30am tomorrow? (I got the email from ii at 5:20.)

And, of course, we don't know the price.

[angus mcoatup] 27/2/2024 18:24

Anyone partaking in the Retail offer?

[philanderer] 22/2/2024 10:17

Berenberg raises Segro price target to 940 (863) pence - 'hold'

[philanderer] 20/2/2024 00:06

February 19, 2024 at 07:46 am EST


(MT Newswires) -- JPMorgan on Monday increased the price target of real estate investment trust Segro (SGRO.L) to 10.00 pounds sterling from 9.85 pounds and maintained its overweight rating.

[philanderer] 16/2/2024 19:20

Investors Chronicle :

Segro's losses narrow as interest rates stabilise

The warehouse giant has much to be bullish about, and so do its investors

We stick with our bullish rating. Buy

article:

[philanderer] 16/2/2024 11:58

Segro eyes 50% rise in rental income as London leads rebound

Real estate investment trust’s stock tops the FTSE 100 after it says drop in sectors net asset values is bottoming out

[alter ego] 16/2/2024 10:28

jonwig, yes I messaged Investegate about that.

[philanderer] 16/2/2024 10:11

Thanks alter ego

[jonwig] 16/2/2024 09:50

Thanks for the link. Results haven't reached Investegate or ADVFN, even though they're on the LSE.

[alter ego] 16/2/2024 09:36

“In the next three years we expect to increase our passing rents by more than fifty per cent through capturing
embedded reversion, leasing vacant units and developing new space. Looking beyond this our exceptional
land bank, continuing occupier demand and constrained supply, offer significant additional opportunities for
profitable growth.”

[philanderer] 15/2/2024 14:33

Results tomorrow.

[philanderer] 14/2/2024 14:15

Shore Capital rates Segro a ‘buy’ at current levels


Property investment and development group Segro (SGRO) is regaining momentum, but recent share price weakness offers a chance to invest, says Shore Capital.

Analyst Andrew Saunders retained his ‘buy’ recommendation on the warehouse and industrial property investor, which dropped 3% to 812p on Tuesday.

‘The shares are up by 23% from the low point in October 2023 but some recent price weakness in February offers investors another attractive opportunity to buy,’ said Saunders.

He said the industrial and logistics market had been subdued in previous years but is ‘nonetheless regaining momentum, particularly in the UK’.

‘Furthermore, recent transactions are increasingly taking place either at or above previous reported valuations, thus helping validate asset valuations, and recent data from the MSCI UK Monthly index also highlights a more resilient performance in capital growth from industrials,’ Saunders said.

Although the broader UK real estate investment trust (Reit) sector is embracing consolidation, Saunders believes Segro ‘already enjoys considerable scale and leading positions in many of its markets’.

‘It also has a strong equity growth story offering a forecast 8% compound annual growth rate in earnings per share growth over the next three years and expected growing momentum in asset value recovery,’ he said.


citywire.co.uk

[philanderer] 22/1/2024 10:10

(Sharecast News) - Citi upgraded Segro on Monday to 'buy' from 'neutral', saying it estimates that as rates decline, the risk to its previous estimates of deep recession rent declines reverses and it now expects growth.

"Combined with lower debt and bond yield forecasts, our estimates of a circa 20% decline in asset value reverses to circa 15% growth, significantly increasing our forward net asset value estimates," the bank said.

"Downside risk in the real estate sector has eased but has not been eliminated so our upgrade of Segro is a cautions way to increase investment risk in the real estate sector, while offering downside protection should conditions deteriorate back towards our deeper recession view."

At 0935 GMT, the shares were up 2.3% at 847.40p.

Sharecast.com

[philanderer] 18/1/2024 11:43

Bank of America raises Segro price target to 930 (870) pence - 'neutral'

[philanderer] 20/12/2023 09:56

Stifel raises Segro price target to 875 (775) pence - 'hold'

[boozey] 15/12/2023 10:35

eigthwonder - totally agree with your analysis there - I was thinking exactly the same thing.

[eigthwonder] 15/12/2023 08:38

BTW the sector relative bottomed just about when the sell notes appeared Oct/Nov, which shows just how much credence you should give these things

[eigthwonder] 15/12/2023 08:36

Goldman probably had a bit order to fill and thought they would get the shares by spooking the market. The rules at IBs mean you can raise a price target but if that figure is still (say) 15% or more below the current price it is still deemed a sell. Calls to action - buy or sell - need daylight between the target and current market price. It’s also why you get the more invidious practice of raising a target price AFTER the share price has risen to ensure you retain the buy stance

[philanderer] 12/12/2023 15:11

red, none at all :-)


JPMorgan adds Segro to 'analyst focus list', raises price target to 985 (885) pence - 'overweight'

[red army] 05/12/2023 11:21

Goldman Sachs raises Segro price target to 680 (580) pence - 'sell'

That doesnt make sense????

[philanderer] 05/12/2023 10:32

Goldman Sachs raises Segro price target to 680 (580) pence - 'sell'

[philanderer] 30/11/2023 11:48

Berenberg starts Segro with 'hold' - price target 863 pence