Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Real Estate Ld LSE:SRE London Ordinary Share GG00B1W3VF54 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.30 -1.53% 83.50 83.20 83.30 84.80 83.10 84.80 1,332,565 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 120.7 124.7 11.0 7.8 853

Sirius Real Estate Ld Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
06/12/2019
14:00
SMTP, its discounted rival, also seems to be perking up nicely too.
davebowler
02/12/2019
13:12
Thanks HPCG. I used to fly Texas always fromGatwwick.
petewy
02/12/2019
13:05
Munich is second only to Frankfurt as a hub in Germany, and has transcontinental flights. Ever wondered why proximity to Heathrow and Gatwick attracts multi-nationals? Schlumberger sited an office at Gatwick at a time where Houston flights used to go from there. All oil and gas is in the South East because as an industry it operates all over the world. Similar for tech, pharma. It makes a massive difference to attractiveness. If you have ever been to Munich the airport is a fair amount of nothing away from the urban area so for logistics services and similar there isn't a hinterland to spread the load.
hpcg
02/12/2019
09:45
Sirius Real Estate said it had acquired an office complex in Hallbergmoos, near Munich Airport, for €20.2m from local investment company KCM Invest. Near and airport is relevant how?
petewy
25/11/2019
14:21
Excellent half year, and stonking divi increase and more importantly NAV increase. Edit - and taking advantage of the low price it pays for money.
hpcg
16/11/2019
12:16
Yes I saw that during the week too,it said sell lloyds ?? But it's been a good week for the Black horse.I sometimes don't listen to Questor they often get it wrong.
silver tortoise
16/11/2019
12:12
Daily Telegraph's Questor: Our replacement for Lloyds is Sirius Real Estate and offers scope for much faster rises in the dividend in our income portfolio.
petewy
02/10/2019
15:55
What struck me in their announcement today is that their revolver is at 0.9%.
hpcg
02/10/2019
15:03
Liberum:Mkt Cap £745m | Prem/(disc) 8.4% | Div yield 4.2%EventSirius Real Estate has delivered a reasonably positive trading update for the six months to September 2019, with like-for-like rental income growth of 0.9% in the half-year. Like-for-like occupancy has remained steady at 85%. The company has completed more than 50,000 sqm of new lettings, offsetting the impact of vacating tenants, including 25,000 sqm on newly acquired properties. The Titanium JV completed in the period, releasing €70m of net proceeds back to Sirius. The company has c.€170m of firepower to fund acquisitions and €66m of assets were notarised in the period (c.7% acquisition yield).  Liberum viewThe occupational market has improved over the past four years, which has enabled the company to generate a material increase in both portfolio occupancy and the average rate per sqm over that period. Sirius has generated a NAV total return in excess of 15% for four consecutive years, driven by operational gains in addition to an uplift from yield compression. The company's capex investment programme is delivering significant gains and there is considerable scope to increase this across the portfolio. Approximately half of the vacant space in the portfolio is going through the capex investment programme. The key risk for the company is the slowdown in the export-orientated manufacturing sector. The services sector has held up reasonably well to date but would be at risk in a prolonged contraction. 
davebowler
21/9/2019
12:20
Its now his its 75 market set out by peel. I saw alot of automated sales at COP friday
hsduk101
16/9/2019
08:21
Funds managed by Blackstone have agreed an all-cash transaction to acquire all of Dream Global REIT's assets and subsidiaries for CAD $6.2bn. The price represents a 9.1% premium to the June 2019 EPRA NAV. Dream Global REIT owns a portfolio of predominantly multi-tenanted office properties with a value of c.€4bn at 30 June 2019. The majority of the portfolio is located in the Top 7 German cities. The portfolio has a vacancy rate of 7.3%, a net initial yield of 4.7% and a weighted average unexpired lease term of 4.8 years. Liberum view The acquisition highlights the strength of investment demand for German commercial property. Total investment volumes for commercial properties in Germany totaled €24bn in H1 2019. This was slightly down on the prior year although is mainly due to a shortage of supply. Investor demand remains high due to positive market fundamentals. Yields for city fringe and secondary locations continue to compress due to a lack of supply of investment properties. In our view, the transaction illustrates the value offer by Summit Properties (40.3% discount to NAV) given the portfolio similarities. ............................................................................ According to this ; hTTps://www.summit-properties.com/downloads/2019-07-15_Company_Presentation_final.pdf the Summit portfolio, in contrast to Dream, has a vacancy rate of 7.3%, a net yield of 5.4% (end 2018) and a weighted average unexpired lease term of 10 years.Bit similar but better.
davebowler
12/9/2019
15:35
SRE to enter the FTSE 250 in a couple of weeks.
jeff h
04/9/2019
12:02
hTTps://citywire.co.uk/investment-trust-insider/news/why-aberdeen-standard-managers-are-flocking-to-sirius-real-estate/a1263533?re=67453&;ea=252901&utm_source=BulkEmail_Investment+Trust+Insider+Daily&utm_medium=BulkEmail_Investment+Trust+Insider+Daily&utm_campaign=BulkEmail_Investment+Trust+Insider+Daily
davebowler
02/9/2019
21:52
Good news. Peel hunt has put this down as a buy. New target price of 75. I can see a few other brokers also have it down as a target of 75
hsduk101
29/8/2019
21:43
Ooh thanks, just checked Barclays, I can see they cover it now.
hpcg
28/8/2019
14:09
For what its worth I've been able to buy 10000 SMTP on the Barclays and AJ Bell platforms and more at a limit price.
davebowler
28/8/2019
11:53
According to Liberum the NAV return of SRE over the last 5 years was 89% versus 210% for SMTP. I take your point on liquidity,hpcg, though, with three times the recent daily liquidity in SRE of £600k versus SMTP's £200k.
davebowler
27/8/2019
16:26
Wow. Got the short term timing right for once.
topvest
27/8/2019
08:57
PSDL and SRE are totally different. SMTP is almost impossible to trade in nominee accounts. I have 3 (of the biggest) providers and none offer it. So I imagine a good degree of its discount is for that reason.
hpcg
27/8/2019
07:57
SRE hit a 52 week high last week and traded at a 9% premium to NAV whereas PSDL and SMTP are at at a 30 odd % to NAV.
davebowler
22/8/2019
17:11
Nicely done
badtime
21/8/2019
11:25
This has hit my target price after holding for 10 years and doubling my money (before dividends). With Germany going into recession shortly thought it was an obvious exit. Share price will probably go higher in the short term! Good luck to those that remain. May buy back again one day.
topvest
21/8/2019
09:53
Well a Euro based investor could always plump for a 30 year 0 coupon instead.
hpcg
20/8/2019
16:00
Wow massive buy today 200k + of shares bought. Someones really interested in this one
hsduk101
25/6/2019
13:06
Just posted this on PSDL Miton Global Opportunities plc Berlin – a microcosm for political polarity June 2019 Berlin Residential Property has long been a theme in our portfolio however the developments of the past few weeks in the city have taken many by surprise. Anti-landlord rhetoric has been building for some time as rents have risen dramatically in the city but from an extraordinarily low base. Even today rents remain lower than any other major German city except Leipzig and are substantially lower than those in Munich. Despite this, there are many Berliner’s who yearn for the halcyon days of the 1990’s where rents were practically zero and there were a limited number of people moving to the city. They have been putting increasing pressure on the Berlin’s very left-wing coalition to step in. This culminated in June when it was announced that the local government were going to freeze rents for five years. Rent control would be a Federal, rather than Berlin, decision and the rest of Germany is unlikely to have much sympathy, nevertheless, the proposal will end up in the constitutional court and that will be a slow process leaving uncertainty to overshadow the market. Furthermore, it will not solve Berlin’s major issue; a housing shortage. As rents currently stand it is not economical to build new so there is very little supply coming on line whereas rising demand in the city is unlikely to abate. With rents capped this will not reverse, further exacerbating the problem. A good parallel would be Stockholm where similar regulation is already in place. As a result, there are very few properties on the rental market and any potential renters are compelled to buy. This increased the price of a property by three times and the wait for a rental apartment is now between nine and twenty years. We are hoping cool heads prevail in Berlin and they will not make a similar mistake as a continuation of such policies would result in a housing crisis. We believe that Phoenix Spree Deutschland (PSDL) remains a good investment and the de-rating of the shares are overdone. Rent roll is the key factor within their valuation methodology and although a rent freeze would not allow the trust to exploit the reversionary potential in the portfolio, it does mean the NAV is unlikely to fall. We predict that with the difficulties in the rental market, PSDL is likely to shift their business model into splitting up and selling off their assets into the private market. They have permissions to do this for around 60% of the portfolio which is likely to trigger a significant uplift. On the other hand, the other part of the portfolio is now very much stuck under the dead hand of regulation and we think it will be difficult to get permissions to convert the rest but management could develop their model from long-term leases to shorter, furnished leases, an area not subject to the same level of regulation. It would be reasonable to assume that given uncertainty combined with the adoption of an unproven model, that the market will place PSDL on a discount especially as uncertainty is more damaging to share prices than confirmed bad news which can then be priced in. Nevertheless, it should be remembered that PSDL shares had been de-rating for 18 months and that the trust owns scarce assets. This episode highlights that increasingly investors will have to face political uncertainty as the face of the politics in many areas of the world undergoes a dramatic shift. Populism has gradually been on the rise and established political parties are under increasing pressure from insurgent parties on both the extreme right and left. Many political certainties now lie in the past. Regards, Nick Greenwood Portfolio Manager
davebowler
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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