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SBD Songbird

344.875
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Songbird SBD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 344.875 01:00:00
Open Price Low Price High Price Close Price Previous Close
344.875
more quote information »

Songbird Estates SBD Dividends History

No dividends issued between 26 Apr 2014 and 26 Apr 2024

Top Dividend Posts

Top Posts
Posted at 21/11/2014 14:16 by vikingwarrier
The value is certainly 450p ish. Future projects are worth a lot here. Problem is the next figures out from SBD are months away unless they try to bring them forwards to defend their position.
Posted at 06/11/2014 20:08 by spacedust
I think the bid price will be a lot higher. At 300p sbd is valued at 2bn. Sbd currently have assets worth 6.5bn. To match the value of the assets they would not accept an offer below 500p but more close to 900p
Posted at 26/5/2014 00:21 by fafa48
Hello all residents of this bb,

Sorry for not know SBD enough. I am interested in this. Just glimp the posts here. The speculation of TO, the FTSE100 entering, is any possibility of dividend? I guess the divi is not likely as the debt is scary.

Many thanks for your enlightening me, as I am thinking to buy (of course just 7% rise last Friday).
Posted at 02/4/2014 14:51 by high park
If you're interested in residential property, Naos, look into QED, strong share price growth without the spectacular finish.

Songbird's valuation was un-expectedly high, hence the amazing spike. So everything's in the price.
SBD price & QED's had/have both been rising in anticipation of the Annual Results. If QED's results are as good, due 23 May, we might see a similar spike.
Posted at 02/4/2014 08:17 by high park
As my charting mentor says, Naos, wait for confirmation. But it is fairly clear that SBD is going nowhere for a while.

PS excluding the unexpected of course, which has been expected for 4 or 5 years, a takeover by the Arabs.
Posted at 10/2/2014 14:44 by spacedust
Nothing odd high park - commercial and residential property at present which will go on until 2020 at least so sbd going up in line....should be 500p by 31st december 2014. Results in march should show awesome profits and a greater NAV
Posted at 01/11/2012 11:07 by salpara111
When a company buys back its own stock it can either be "held in Treasury" which means that they can sell them back into the market at some point in the future, if the company feels that their shares are fundamentally undervalued then they would buy them with a view to reselling them for a higher price at some point in the future.
Or they can be cancelled which means just that....they are gone for good and cannot be resold at some point down the line so it is a permanent reduction in the share capital.
I am disappointed to see that they intend to continue trying to buy back stock for another month. I would much rather that they start paying a divi. They own some of the best prime London property assets and there is little new building going on at present, the only other major building in progress is the Walkie Talkie. My point is that at some point down the line there will be a supply demand imbalance.....probably 5 years away but at that point the asset value of SBD will really rise, the problem is that I have no intention of waiting another 5 years to see a return on my investment.
I need about 155 just to break even and while the share price trades at such a large discount to NAV I am loath to sell for a loss
Posted at 31/10/2012 20:11 by spacedust
Still here chaps, hoil recently did a buy back purchase they went up 50%. SBD will continue to go up as it has done from 100p to now 120p. One thign what do they mean by 'purchase for cancellation?
Posted at 29/10/2012 09:29 by salpara111
Still holding a large chunk and still well under water.
Last reported diluted NAV was 199p so still trading at over 40% discount.
They announced that they would buy back up to £30M of stock over the last two weeks. By my estimate they have used less than £6M and they clearly took a load of stock off market makers books on Friday as less than 1M shares were traded but they managed to buy 4M.
Clearly holders like myself are not going to sell for the very low valuation compared to NAV so they will have real difficulty getting more stock.
I am hoping that they decide to start paying a divi which they can now easily afford to do as that will attract more investors and income funds that are allowed to hold AIM stocks.
Clearly the most attractive thing they could do for current investors is gain a full listing as they would automatically be in the FTSE 250 and given the typical discount to NAV that FTSE 250 property companies trade at, the share price could easily rise to around the 160 level (20% discount to NAV) but I suspect that this scenario is just a pipe dream.
Posted at 30/11/2011 08:44 by mafia music
the company does have a huge debt pile.

they get a good divi from CWG

the property market is still unstable ? but london tends to be on the up at the moment compared to anywhere else



this is from Investors Chronical - 27 September 2010

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