St.modwen Properties Share Discussion Threads

[jaws6] 18/12/2013 19:51

thanks for 346 answer ,will check tomorrow.

I think update was on 4/12--
hxxp://www.stmodwen.co.uk/media-centre/news/view/trading-update--two-major-transactions-conclude-year-of-high-performance

[redartbmud] 12/12/2013 16:50

Trading update 20 December.

red

[arja] 12/12/2013 13:04

lovely looking chart but a poor dividend yield although maybe not so relevant.

[jaws6] 11/12/2013 09:13

any idea on next result date ?
can not find on co page.Thanks.

[solomon] 06/12/2013 16:43

Another good week. Highest close since 2008. Not a lot of volume but I can't see much to stop the upward pressure.

[jaws6] 05/12/2013 10:24

seen 400 plus p broker target

[broadwood] 04/12/2013 15:51

- St. Modwen Properties expects its ongoing asset management and added value actions to be reflected positively in the FY valuations, and said that its pretax profit is likely to be substantially ahead. "Against the backdrop of an improving market and strengthening economy, initial indications point to positive market valuation movement for the year compared with 2012," the company said. "None of St. Modwen's existing corporate or joint venture debt facilities required renewal before November 2014 and cashflows including debt performance was good. Outlook for profit before all tax for the year was therefore likely to be substantially ahead of previous management expectations." St. Modwen has also completed significant transactions on two of its major projects since its interim management statement, providing further evidence of the growing confidence in the commercial property market. Separately, St. Modwen said it had signed a new 45-year lease on a 150,000 sq ft flagship M&S store, which would be one of the largest in the UK for the national retailer. The new store will anchor the second phase of the new Longbridge Town Centre for which St. Modwen will shortly submit a revised planning application -

[tiger20] 04/12/2013 08:48

well done skinny

[broadwood] 04/12/2013 07:06

I like the look of this.

Outlook for profit before all tax for the year is therefore likely to be substantially ahead of previous management expectations

[broadwood] 02/12/2013 19:44

I thought it weathered the withdrawal of the subsidy pretty well.

Doubled the kitty on this one.

[solomon] 02/12/2013 19:16

Disposal with good margin is positive news but link with Persimon May have tempered the market reaction.

[skinny] 02/12/2013 07:35

ST. MODWEN JOINT VENTURE SELLS
ELEPHANT & CASTLE Shopping centre FOR £80M TO DELANCEY AND APG


Key Property Investments ("KPI"), a 50/50 joint venture between St. Modwen (LSE:SMP), the UK's leading regeneration specialist, and Salhia Real Estate Company K.S.C ("Salhia"), today announces that it has completed the sale of the Elephant & Castle Shopping Centre to Delancey and APG for £80m in cash.

The sale price reflects a yield of 4.25% and is significantly above the asset's current book value.

[sammu] 21/10/2013 21:28

Nice.
The market is starting to price in the positive residential uplifts that can be expected over the next few years, as well as a useful uptick in sectondary property (which make up a large part of the income portfolio), and prospective development project uplifts like New Covent Garden Market.

[solomon] 17/10/2013 18:54

Good call Solomon!

[solomon] 17/10/2013 15:44

Hi Solomon, how are you these days?
Looks like a new closing high for 5 years on the cards.
Hope I don't jinx it

[solomon] 02/10/2013 12:04

Sept Oct last year was flat. Sept has been flat this year too.
November was good for the share price in 2012 and then an increase of 50% over the year.
Just talking to myself.

[solomon] 24/9/2013 15:54

If history is to be an indicator a management statement due shortly. I expect a well managed management statement.

[solomon] 06/9/2013 13:27

Bought a few more for my ISA. Agree with you redartbmud. Well managed and in an improving sector.

[ospreys7] 03/9/2013 16:59

why the share price down,anyone.

[redartbmud] 03/9/2013 11:52

Solomon

It can trend up and down all day as far as I am concerned. I will still get my dividends that will increase year on year. A well managed company with a good business model.

red

[solomon] 03/9/2013 11:41

Just coming down to the (upward) trendline I suppose. Not a reaction to the reiteration.

[broadwood] 03/9/2013 09:04

Increased TP.

JP Morgan Cazenove St Modwen Properties PLC 03/09/2013
Reiterates
Overweight Overweight 0 325.00 350.00 304.00 25 2

[broadwood] 02/7/2013 08:48

Doing the business - as usual.

[hawaly] 15/5/2013 17:24

LONDON (ShareCast) - Land Securities was trading at levels not seen in over four years after its full-year results on Wednesday, providing a big boost to the real estate sector.

The commercial property group, which has a portfolio of shopping centres, retail parks and office accommodation, this morning revealed a 4.6% rise in adjusted diluted net asset value per share to 959p in the year to March 31st, well ahead of the consensus estimate of 859p.......


The company, which has a market capitalisation of nearly £7.7bn, was up 5.03% at 981.5p by 14:58 on Wednesday, a level not reached since November 2008.........

Sector peers St Modwen Properties, Unite and Great Portland Estates were also making decent gains today.