Segro Share Discussion Threads

[philanderer] 15/10/2024 12:22

SEGRO has sold SEGRO Park Victoria Road in Park Royal, west London, to Imperial College London for £115m.

The 10-acre urban warehouse estate has been owned by SEGRO since the acquisition of Brixton plc in 2009

egi.co.uk

[philanderer] 13/10/2024 14:57

Oops, sorry Dov, quite right. I remember it now. Getting old :-)

[dov] 13/10/2024 06:35

They brought it forward to the 26th September so unlikely any further update at this stage

[philanderer] 12/10/2024 23:30

Q3 update on thursday

[dov] 11/10/2024 06:04

Absolutely

[essentialinvestor] 10/10/2024 17:34

Yup agree.

[nexusltd] 10/10/2024 17:21

I'd be surprised if SGRO makes a cash offer. Looking at SGRO's plans they can build new-bespoke logistics at an NIY > than the EBOX existing portfolio and furthermore profit from a NAV uplift on completion and leasing. An improved all-share offer is more likely. What increment above Brookfield's 69p will swing the deal in SGRO's favour? I would think that c. 75p is needed; which in my view delivers an unattractive NIY. In conclusion I would rather that SGRO walks away.

[williamcooper104] 10/10/2024 15:59

SGRO knew that Brookfield are likely to be parsimonious on price, harder on DD and generally harder to deal with; but would always have the advantage of having the ability to make a cash deal If BL can raise equity in a few hours then so can SGRO

[dov] 10/10/2024 15:30

Trouble is the lower the share price goes the less the offer is worth compared to all Cash

[philanderer] 10/10/2024 13:28

Segro responded on Thursday by saying that its offer would enable Tritax shareholders to retain exposure to the European industrial and logistics sector ‘at this point in the cycle, in the largest and most liquid real estate investment trust in Europe, or realise their position for cash given the significant liquidity in Segro’s shares.’

Segro added that it will make a further announcement if appropriate.


(Alliance News)

[essentialinvestor] 10/10/2024 11:36

* not what the markets would like, at least short term.

[dov] 10/10/2024 11:31

Hopefully they will not enter a bidding war

[alter ego] 10/10/2024 10:02

EBOX share price suggests market thinks SGRO will make counterbid

[philanderer] 10/10/2024 09:17

Tritax EuroBox withdrew its backing for a takeover offer by FTSE 100-listed industrial property investor Segro and instead supported a chunkier bid by private equity firm Brookfield. Brookfield will pay 69.0 pence in cash for Tritax Eurobox, a 6% premium to the implied 65.1p value of the Segro offer, based on the latter's closing price on Wednesday.

Alliance News

[philanderer] 07/10/2024 23:40

SEGRO installs its largest solar panel installation in London at GEODIS facility

[paulstills] 07/10/2024 05:35

https://www.thisismoney.co.uk/money/markets/article-13911249/Tech-giant-pledge-billions-Britains-data-centre-push-building-wont-easy.html

[paulstills] 07/10/2024 05:33

Write up in the mail about data centres:The push to build power-guzzling UK data centres to profit from AI https://mol.im/a/13911249

[essentialinvestor] 04/10/2024 08:44

Added this morning.

[philanderer] 02/10/2024 14:33

Deutsche Bank cuts Segro to 'hold' (buy) - price target 1,000 (1,050) pence

[philanderer] 25/9/2024 20:29

Bank of England guvnor talking of slower interest rate cuts ?

[essentialinvestor] 25/9/2024 18:04

Budget worries..?

[philanderer] 12/9/2024 14:17

Data centres as vital as NHS and power grid, government says

[philanderer] 10/9/2024 09:18

Goldman Sachs cuts Segro price target to 860 (880) pence - 'neutral'

[essentialinvestor] 04/9/2024 11:14

Agreed, added a few earlier.

[philanderer] 04/9/2024 08:30

Good deal for SGRO

In the FTSE 100, Segro lost 1.5%.

The London-based property investment company has reached agreement on a takeover offer for Tritax EuroBox, which will be implemented via a scheme of arrangement.

Tritax EuroBox investors will receive 0.0765 new Segro shares per Tritax share, as well as a 1.25 euro cents quarterly dividend. The deal values Tritax EuroBox at GBP1.10 billion, including net debt.