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| 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 | 344.875 |
| Top Posts |
|---|
Posted at 01/12/2014 09:08 by sogoesit Indeed viking; they're a holder of 28%+.If they don't know the value as an investor/owner/insid Marked down 15p so far, brahms. |
Posted at 25/11/2014 11:55 by vikingwarrier Many large investors were not happy with the Qatari lowball bid and lets be honest 335p is still not a good offer here. |
Posted at 23/11/2012 14:17 by salpara111 Well, I sold my entire holding for 123.61p this morning. Quite a loss for me but I fail to see how the current buyback is going to help close the gap with the underlying net asset value so I will seek to deploy elsewhere. I will keep them on my monitor as they may at some point become a more investor focused company and if they do then there is still substantial value to unlock. |
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 11/4/2012 11:27 by salpara111 Have to say that I dont know what to do with my holding here. I have a large holding which is well underwater. The business trades at a 40% discount to NAV so there can be little more downside from here but equally I fail to see what the catalyst might be to get the price moving again. They have a complex ownership structure and are AIM listed which makes them off limits to a lot of institutional investors, the problem is that the majority of holders dont have any real incentive to change things as they are in it for a real long term haul. I agree that the only potential catalyst to really impact the share price would be a takeover offer but given how tightly the shares are held it would require the agreement of a couple of big shareholders to go ahead and I am not sure that they would agree to it. I am also loathe to hold a stock just on the basis that someday they may jump 50% off the back of a takeover offer. |
Posted at 08/4/2012 22:09 by sg17 Residential is where the demand is at present especially within this area of London where property prices continue to escalate. And this will attract investors to the company also.There is also very strong demand from foreign investors particularly from the middle east who will be eyeing the developments here very closely. My opinion is that this company will get snapped up in the not too distant future as it is very cheap at present and trading at a significant discount to NAV. All in my humble opinion.... |
Posted at 20/2/2012 11:59 by sg17 Middle Eastern investors in London's property market increased four percent in 2011 as wealthy buyers looked for a safe haven amid regional political unrest and the sovereign debt crisis, property consultants Jones Lang LaSalle (JLL) has said.Large family homes in the wealthy areas of Marble Arch, Knightsbridge and Belgravia, ranging in value from $3m to $24m are the most popular properties amongst regional investors but a growing number are looking at investment opportunities in Marylebone and Fitzrovia, according to the firm's Central London Residential Market report. "London continues to offer solid growth potential and its twinned status as an accessible capital city and financial centre, alongside a stable political system and transparent legal framework, continues to attract interest from across the Middle East," Ben Stroud, associate director of residential agency, development & investment at Jones Lang LaSalle London, said in a statement. "London's reputation as a safe haven for investors is being reinforced by global troubles not undermined. Additional incentives such as a weak Sterling and a favourable tax system are also making it more attractive amongst a range of potential foreign investors," he added. London property has long been seen as a safe haven for investment for wealthy Middle East investors. Real estate consultancy Savills in June said MENA homeowners hold 13 percent of London's most expensive property by value with an average spend of £4m. Harrods Estates, the property arm of the Qatar-owned department store, in August said a Middle Eastern businessman had signed a lease to rent London's most expensive property at a cost of £55,000 ($90,000) a week. The company said it had seen the average cost of its rented property increase to £4,285 from March to date compared to £1,955 the same period the previous year. Middle East investors accounted for nine percent of all Jones Lang LaSalle's sales in central London last year, up from five percent in 2010, making them the second largest group of foreign investors behind nationals from Asia Pacific. Property prices in central London have increased ten percent over the last two years on the back of a shortage of property in the best addresses. Prices in the capital are set to increase four percent this year, five percent in 2013 and peak at eight percent in 2014, said Jones Lang LaSalle. Rents are expected to increase seven percent over the next 12 months and 8 percent in 2013, "providing a solid return for potential investors," added the firm. |
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 |
Posted at 10/4/2011 11:39 by fundementals Recommended in the Investors Chronicle 1/4/2011 Article ends The Canary Wharf property market tends to lag the City, where rents have begun to rise, and that, combined with the upswing in prime London-office values, should give Songbird something to sing about this year. Frustratingly, the shares have hardly budged since our buy tip (166p, 16 Apr 2010), yet the rationale for buying looks stronger than ever. Buy. Full article availble on IC website. |
Posted at 17/2/2010 10:13 by andrbea Feb 3Songbird Estates rose 3.5 per cent to 169¾p amid rumours of stakebuilding. Evolution Securities started coverage of the property company, which owns most of Canary Wharf, with a "buy" recommendation and 185p target price. "Songbird is a unique company in the sector," said Evolution. "It is a virtually pure play on central London offices with heavy exposure to financial markets." Property agent Knight Frank said it expected office rents in the City to rise 19 per cent this year. Some traders think Songbird could be a takeover target for overseas investors. The Qatar Investment Authority owns a 24 per cent holding. |
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