St. Modwen Properties Share Chat (SMP)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
St. Modwen Properties	LSE:SMP	London	Ordinary Share	GB0007291015	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-2.00p	-0.49%	407.40p	408.00p	408.40p	410.80p	404.20p	404.20p	195,897	16:35:11

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment & Services	318.6	70.3	26.9	15.1	905.96

St. Modwen Properties Share Discussion Threads

Showing 601 to 625 of 625 messages

Chat Pages: 25 24 23 22 21 20 19 18 17 16 15 14 Older

Date	Subject	Author	Discuss
13/5/2018 07:12	27% of RETAIL property as I read it. However good result in a difficult area.	linhur	Read Full Thread Reply
09/5/2018 08:32	Decent sale of 27% of porty should boost future returns.	deadly	Read Full Thread Reply
19/3/2018 16:08	..glad ONE of my holdings is having a good day today.	cordwainer	Read Full Thread Reply
08/3/2018 10:42	approx NAV p/s 450p, NNNAV p/s 458p .. is the market expecting substantial asset writedowns here (e.g. -20%) ? or maybe not liking the mildly high gearing ? or simply just not liking UK real estate ? don't see why this should be lower rated than New River Reit.	cordwainer	Read Full Thread Reply
04/1/2018 20:04	Does the country need more bonded warehousing near ports post Brexit ?	spacecake	Read Full Thread Reply
19/12/2017 23:44	The problem with debt renewal is the write off on the swaps when you get out. Also fees seem to be increasing as you have to get more banks involved because they only want a small share of the debt. Overall bottom line will not improve much because of swaps write off. See this a lot with debt renewal.	linhur	Read Full Thread Reply
19/12/2017 09:14	useful reduction in debt interest, should help profits.	deadly	Read Full Thread Reply
20/11/2017 11:40	I agree. Automated stops can, on some occasions, make a loss for you. In this case it is beyond my comprehension why the first three minutes traded so mysteriously and then took 15 minutes to recover fully.	solomon	Read Full Thread Reply
20/11/2017 08:42	Today's an example as to why I refuse to have automated stops in the market any more. Wtf was that at the open?!	davr0s	Read Full Thread Reply
14/10/2017 16:10	May be a mistake but sold out this week c.380p. GL to those who remain.	its the oxman	Read Full Thread Reply
18/9/2017 12:49	anley I don't dispute your optimism but I am not sure how many millions might be available for future developments. They will have to pay tax on their gain at Nine Elms as they are not a REIT. Some of the proceeds have been set aside to develop the area of the old market. I shall be more hopeful when Swansea University gets sold.	linhur	Read Full Thread Reply
12/7/2017 09:57	We are now into July and that deal was completed so they can move on. In the meantime one is buying a share with a £1 discount to NAV which includes millions of cash in the bank. It is not often one gets these chances especially with more property to sell.	anley	Read Full Thread Reply
21/6/2017 12:33	Looks like good progress: ST. MODWEN EXCHANGES CONTRACTS WITH WANDA HK FOR THE SALE OF NINE ELMS SQUARE FOR £470M	deadly	Read Full Thread Reply
10/6/2017 13:36	From FT In Nine Elms, analysts have long questioned the sheer number of planned luxury apartments. “It’s looking to be quite a major oversupply,” says Roarie Scarisbrick, agent at Property Vision. Another developer, St Modwen, wrote down the value of its land holdings in the area by 17 per cent last year. Battersea Power Station Development Corporation, which is developing the historic building itself, has applied to delay the construction of 103 affordable homes and review other affordable housing commitments. Citing rising costs and economic uncertainty, it said its expected internal rate of return had dropped to 8.2 per cent from a projected 20 per cent. It is not the only group seeking to modify its affordable housing obligations as Brexit casts a cloud over the economy. Edoardo Mapelli Mozzi, chief executive of the London developer Banda Property, says: “The private sector alone cannot deal with affordable housing. This way, it only gets built if the top end of the market is working.” This contrasts with Greystar@s response in Property Week “We’re aware of all the noise, we read everything everyone else reads, but we’re just a very long-term business and the long-term potential for this area is amazing,” Allnutt said. “If you fast-forward six, seven, eight years it should be an incredible new place in London on the river.” Royal Mail still have land available to accomodate another 900 apartments and with Greystar servicing the plots will be in a more oven ready position for market The site is of course close by SMP Can see another £30-£50m trimmed from book value which will only be slightly mitigated by the potential windfall on Swansea Shame that all the good work in the regions is overshadowed by this	hillofwad	Read Full Thread Reply
07/6/2017 23:14	Perhaps they are asking too much.	redartbmud	Read Full Thread Reply
07/6/2017 21:11	Royal Mail has agreed to sell two of the seven plots on the site of its former south London mail centre at Nine Elms site to US-based developer Greystar for £101m cash, which has appointed AIM-listed Telford Homes to deliver 894 build-to-rent homes. If Royal Mail can do it, why can't St Modwen ?	spacecake	Read Full Thread Reply
07/6/2017 07:45	Yes. They have created a new stand alone house building arm that broadens the business base. The only danger to that is a fallout in the market. The sale of the Swansea Campus is the right move. It will free up capital for new developments. Nine Elms is still a sticking point. For whatever reason, nobody is jumping through hoops to buy it. Management is doing a good job.	redartbmud	Read Full Thread Reply
07/6/2017 07:25	Pretty confident statement. - St. Modwen said that since the start of the financial year its diverse portfolio and wider business has continued to perform in line with directors' expectations. It said it had demonstrated resilience in the face of broader market uncertainties. CEO Mark Allan said over the last six months St. Modwen had undertaken a detailed review of the current portfolio and the existing opportunities within its extensive asset base. "The outcome of this review has been positive, highlighting the strength and depth of opportunity within the business and portfolio to create value through our regeneration, commercial and residential expertise," he said. "Having experienced a positive start to the year that reflects management expectations, we will now continue to refine the strategy further and concentrate on those areas of our deep and diverse portfolio that present genuine opportunities for value generation and further business growth which will ultimately lead to enhanced shareholder returns."	broadwood	Read Full Thread Reply
07/2/2017 08:09	St Modwen Properties has booked a much lower FY pretax profit of £66m, from a profit of £235.2m a year earlier. The results included broadly flat revenue at £287.7m, from £287.5m, but lower contributions for gains on disposals and revaluation gains. Administrative expenses were higher, and it booked a loss on joint ventures and associates from a year-earlier profit. However, its EPRA net asset value per share rose to 460.5p, from 446.4p, and total dividend was hiked to 6p a share, from 5.75p. "Active commercial property development and asset management, coupled with a strongly performing and growing residential arm, contributed to another good year for St. Modwen," said CEO Mark Allan. "This is despite the turbulent market backdrop during 2016," he added. Allen said the company had begun a review of what he believed was a "fundamentally strong" business and portfolio to determine its strategy moving forward. "We unquestionably have an opportunity to build on our existing strengths while ensuring that our activities are focused in the optimum way and I am excited about the prospects ahead." OUTLOOK St. Modwen said it was a long-term business operating in cyclical markets and therefore must plan and manage its business accordingly. "The past 12 months have been unsettled in this respect and the outlook for 2017 and 2018 looks to be similarly uncertain, as a range of macro-economic factors play out both globally and more locally to the UK," it said. "With this outlook, it is important that we continue to manage our balance sheet prudently while also seeking out appropriate new value creation opportunities and converting existing ones. "This will require an innovative and agile approach but our track record suggests we remain well placed to succeed."	broadwood	Read Full Thread Reply
07/2/2017 08:03	Results read well. Further progress expected and sector sentiment will turn at some point, just not sure when.	its the oxman	Read Full Thread Reply
07/2/2017 07:38	A superb set of results from a very well managed Company.Share price NAV of circa 430p must make this a screaming BUY.	bluerunner	Read Full Thread Reply
23/12/2016 14:41	This happens on the actual account statement for both sites, rather than when searching for SMP for a quote.	bluerunner	Read Full Thread Reply
23/12/2016 14:38	Strange thing today.Both HL and AJ Bell are currently showing share price valuations (bid) of 234.4p for this.Anyone else experiencing this issue?	bluerunner	Read Full Thread Reply
09/12/2016 11:00	Cheap as chips with good prospects. What's not to like. Guess it's just the low yield.	its the oxman	Read Full Thread Reply
05/12/2016 12:45	Todays trading update 'New Covent Garden Market We have previously indicated that during 2016 we would be bringing the 10-acre Nine Elms Square site to market. Formal marketing commenced late summer and, whilst we are still at an early stage and there can be no guarantee that any transaction will take place, we can confirm that we have received firm levels of interest from a number of parties and the Board has been encouraged by the progress to date. We will provide a further update as appropriate in due course.' The Company intends to announce its annual results on 7th February 2017.	spacecake	Read Full Thread Reply

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