St.modwen Properties Share Discussion Threads

[gac141] 08/2/2012 15:02

Directors Buy- £1.525 and £1.54

[skinny] 07/2/2012 08:54

Just closed here @149.4 +35.15 - maybe a bit early, but its banked! Good luck to those still in.

[chrisb1103] 07/2/2012 08:19

Yeah these are very good - SMP are pure quality imo. Now we need to get back to a sensible rating! Still significant gap to NAV to close.

[cockneyrebel] 07/2/2012 08:19

broken out on those results

CR

[topvest] 07/2/2012 08:18

Yes, a very good performance

[cambium] 07/2/2012 08:13

As good as we could expect

[broadwood] 07/2/2012 07:48

Agreed - makes you wonder quite why they weakened so much.Likely market was just too pessimistic.

[nurdin] 07/2/2012 07:45

Cracking results and outlook statement !

[skinny] 07/2/2012 07:02

Financial highlights

-- Profit before tax up 34% to GBP50.4m (2010: GBP37.5m).
-- Shareholders' NAV up 9% to 232p per share (2010: 213p per share), and EPRA NAV up 9% to 250p per share (2010: 229p per share).

-- Realised property profits up 9% to GBP23.8m (2010: GBP21.9m)
-- Net rents up 5% to GBP35.5m. (2010: GBP33.7m).
-- Valuation gains of GBP34m (2010: GBP23m) in a flat market, of which GBP33m (2010: GBP18m) of these gains were driven by active management and planning gain.

-- Gearing at year end of 73% (2010: 72%). All corporate on-balance sheet facilities extended until at least 2014.

-- Terms agreed for new five year debt facilities on KPI joint venture.
-- Dividends for the year increased 10% to 3.3p per share.
Operational highlights

-- Secure development programme for 2012 with commercial developments already on site to deliver in excess of GBP15m profit in 2012.

-- Positive outlook for residential land with good levels of housing sales already achieved and strong on-going demand.

-- Excellent relationship with principal partners Persimmon, Vinci and Salhia: well placed to deliver growing returns in 2012 and beyond.

-- Substantial future pipeline in place, with significant opportunities emerging at:
o Elephant & Castle

o Swansea University

o Longbridge

o Project MoDEL

[cockneyrebel] 06/2/2012 16:54

ta gac141

CR

[chrisb1103] 06/2/2012 16:08

Yeah, they should be good. From the TS 1/12/11:
-- Strong results anticipated for the full year, with rental income, trading profits and profits before tax ahead of 2010 and at the upper end of expectations
-- Results expected to include realised profit in excess of GBP20 million from development activities
-- Net asset growth for the year anticipated to be at the upper end of management expectations
They've been bullish in all their fwd looking statements too. Here's hoping..

[broadwood] 06/2/2012 15:55

Lets hope someone knows something.

[skinny] 06/2/2012 15:49

Finals Tomorrow.

[gac141] 03/2/2012 14:55

On the 7th CR

[cockneyrebel] 03/2/2012 12:46

Trading update due around Feb 7th.

CR

[cockneyrebel] 01/2/2012 11:00

Broken out through that Dec high, nice bowl too imo

CR

[chrisb1103] 31/1/2012 22:54

Yes loooking better now, hoping for 145 for starters here, but i'm playing a longer game anyway with this one.

[skinny] 31/1/2012 12:11

Chart starting to look interesting - results next Tuesday (7th).

[chrisb1103] 19/1/2012 12:40

Added a few today. Results 7th Feb - we know should be at top end of expectations. Maybe these have bottomed here but they haven't rallied and are still trading at a massive 50% disc to NAV most likely. Some volume just went through so hoping that's a seller cleared and we can move up - at last!?

[copestake] 02/12/2011 13:54

To revive a very very old thread, looks a good buy now imo

[topvest] 01/12/2011 21:25

Yes, very good statement- certainly happy to hold and may buy more.

[smicker] 01/12/2011 09:30

Its amazing to see what has happened over the past few months to the price here. Todays statement shows there has been no foundation to this and highlights how the sell offs are indiscriminate of the underlying fundamentals.

[nick rubens] 30/11/2011 09:26

Looks like bad news on the way to me, though i'm hopefully ready on any upbeat trading statement in case the market is wrong.

Where are the SMP bulls? Sold out? :)

[nick rubens] 24/11/2011 14:54

Hope it's not going to lead to a 'trading conditions challenging' type statement?

Lasts statement was very positive but that can change anytime.