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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
  -0.20p -0.31% 64.20p 64.30p 65.00p 65.80p 64.30p 65.80p 10,163,337 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 63.4 78.8 7.8 8.2 656.21

Sirius Real Estate Ld Share Discussion Threads

Showing 301 to 323 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
03/5/2019
08:15
Interesting investor presentation on the German commercial real estate market, in which SRE invests, by the CEO Andrew Coombs. Given at the May ShareSoc London event. hxxps://www.piworld.co.uk/2019/04/24/sirius-real-estate-sre-investor-presentation-at-sharesoc-10th-april-2019/
tomps2
24/4/2019
10:47
Similar SMTP is at 35% discount to NAV Liberum Strong returns, further growth to come Mkt Cap £460m | Prem/(disc) -38.6% | Div yield n/a Event Summit Properties’ 2018 results have confirmed a period of strong performance for the company. NAV per share rose by 53.8% in the year to €1.894 (December 2017: €1.231). NAV total return for the year was 56.3%, maintaining the company’s strong performance since IPO in 2013. The principal reason for the large NAV uplift was a €297m revaluation gain over the period. We estimate a like-for-like portfolio revaluation gain of c.25% in the period as a result of yield shift and asset management activities. Operationally, the portfolio continues to perform well with a further reduction in EPRA vacancy to 7.3%. The average portfolio rent per sqm rose by 8.7% in 2018. Cash generation from the portfolio is high with funds from operations of €44.3m in 2018, representing a 21.4% increase over the prior year. FFO per share was 9.5 cents and we calculate recurring EPS of 8.5 cents (24% increase) after stripping out gains from apartment disposals. Summit has completed over €200m of acquisitions since June (average yield of c.6.6%). We estimate these acquisitions could increase annual recurring earnings by c.20%. Market conditions in the German commercial real estate market remain very favourable. Rising office-based employment is leading to increased demand for space. Over the last decade, the number of office workers in the top 7 cities has risen by almost 25%, compared to an increase of just 6% for office space. The high level of demand, in combination with a lack of supply, has driven the average vacancy rate down to 3.6%. The majority of new supply in 2019 and 2020 has already been pre-let. Investment demand for German commercial property remains high, aided by a supportive financing environment. Transaction volumes have exceeded €50bn for each of the past four years, and achieved a record €60bn in 2018 according to Savills data. Market forecasts indicate volumes will again exceed €50bn in 2019. Liberum view We note the confident outlook from the company regarding the potential for future growth. Rental growth is likely to continue due to a combination of ongoing asset management and positive market fundamentals, suggesting further increases in market rents. Even if there was no growth in market rents, there is still plenty of upside to aim for within the existing portfolio. The portfolio ERV is 28% above the current annualised rent roll. Summit’s -38.6% discount to the December 2018 NAV is 36 percentage points wider than the -2.7% average for peers (Alstria, TLG Immobilien, Aroundtown SA, Dream Global Office REIT and Sirius Real Estate). This is despite Summit’s significantly stronger NAV performance since IPO in 2014. In our view, the outlook for sustainable double-digit NAV returns remains robust given the stable recurring income, asset management potential (reversionary upside, low capital values) and positive market fundamentals. Submit
davebowler
22/4/2019
14:39
The Sirius Real Estate company presentation from our London seminar on the 10th April is now available in our members area here: hTTps://www.sharesoc.org/members-area/
sharesoc
08/4/2019
20:59
Sirius Real Estate (LON:SRE) had its price lifted by Berenberg Bank from 72p to 75p. Threepence? Is that it?
petewy
07/4/2019
12:30
Sirius present at our London growth company seminar on Wednesday which may be of interest to current shareholders and potential investors hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-10-april-2019/
sharesoc
28/3/2019
12:48
Sirius present at our London growth company seminar on the 10th April which may be of interest to current shareholders and potential investors hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-10-april-2019/
sharesoc
12/12/2018
18:52
Sp performed nicely recently
badtime
19/11/2018
08:04
Results look fine
badtime
29/10/2018
13:23
Ditto, I bought 10,000 last Friday at 56.8p
blackpoolsteve
29/10/2018
13:14
Not me. I bought a few at 57p last week.
tyranosaurus
27/10/2018
19:57
who sold 14 million shares yday?
petewy
07/9/2018
15:06
Predictable recovery after a predictable decline. I suspect people forget that there are only 2 dividends per year, so ex-div trading will be more marked down than the usual REIT. People then sell on fear. Which I have no problem at all at the top, and I might try that next time, but the ones that sell at 57p?!? Thanks for the shares is all I can say.
hpcg
07/9/2018
14:40
I.Chronicle. Demand for office space is growing in Germany, supporting a 5.5% forward dividend yield. 57p. (This reference is repeated in todays Money Week)
pylewell
31/8/2018
20:15
Sp seems to have steadied
badtime
31/8/2018
08:13
Tipped in IC I think, not sure what it says
ntv
28/8/2018
07:28
another fall in the £ will help nett assets
ntv
23/8/2018
13:28
Not sure why I didn't sell some at the top for a trade. Still happy to add at 55, along with everyone else that's paying attention!
hpcg
23/8/2018
11:59
Looks as if this might move lower ..sub 55 and I'll buy back those I sold
badtime
18/8/2018
09:52
Yes, you're right. I sold some PSDL, and switched some cash into SRE yesterday, as I think the price will creep up again, as badtime is correct in his judgement long term
blackpoolsteve
18/8/2018
08:43
picked up a few of these yesterday. weakening £ should help nett assets and disposal of non core weak assets should help increase rental income yield around 4.9% so is helpful
ntv
13/8/2018
15:10
Yes,hope you bought some PSDL badtime - I'm tempted to switch some back into SRE, as the share price is now below Nav. I think Woodford sold a chunk of PSDL, so I think there's been a overhang. Old Mutual, and maybe others, have been selling out of SRE, so maybe this explains the volatility. It normally happens at this time of the year, and I've confidence it will be 65p+ by Christmas, or when the next interims are revealed All the best sir, Steve
blackpoolsteve
13/8/2018
13:41
Blackpoolsteve u did well to sell out when u did ..I did lighten mid sixties ..but will hold the rest as I have some faith in management
badtime
30/7/2018
00:56
or not, hope no-one bought on that
tudes100
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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