St.modwen Properties Share Discussion Threads

[miss womble] 30/12/2020 12:13

Ninja And two months later??

[red ninja] 27/10/2020 15:30

Well out at 344p, there may be discount to NAV in SMP, but very nervy and in IMO just seems a risky hold in the current nervy markets.

[red ninja] 23/10/2020 11:18

Is it too early to call this a break out. I wonder if we will see 350 on Monday ?

[red ninja] 21/10/2020 17:57

I wonder if we can break through 340 tomorrow ?

[red ninja] 30/9/2020 15:08

Article on new CEO of SMP in the Times today. New guy is described as a "incredibly sharp and smart" by a former collegue.

[red ninja] 28/9/2020 10:40

Nice to see someone buying SMP ...

[sphere25] 28/8/2020 14:32

Another tradable one that is threatening a move higher with the price currently 323. Just stuck its head over that 320 mark where it failed before. Lumpy one and on a quiet Friday afternoon so interesting to see how it closes.

[hugepants] 27/7/2020 18:30

Actually discount is 30%.

[hugepants] 27/7/2020 15:51

Back down to a 35% discount. Perhaps not undeserved given these interims but bought some back at 301p. Industrial and logistics (48%) and St. Modwen Homes (29%) so it should be quite defensive.

[hugepants] 22/7/2020 15:57

Yes pretty awful results. NAV down 12.5%. Wouldn't have expected that given the portfolio.

[dendria] 22/7/2020 13:22

Today's discount ~21% based on May 20 NAV.

[hugepants] 26/5/2020 12:46

current discount is 34%

[apollocreed1] 25/5/2020 17:48

24% Discount to NAV according to Youinvest website, but then there are lots of property companies on high discounts so need to be sure this will outperform.

[hugepants] 22/5/2020 15:34

Looks quite interesting at these levels. LTV 22% according to latest update and they appear to be in favourable sectors Industrial & Logisitics 44% Land & Regeneration 30% Modwen Homes 26%

[bathcoup] 31/3/2020 18:18

"The FTSE 250-listed property investment and development company said it has GBP169 million of cash on a see-through basis ..." I've heard of murky money; "see-through" cash is a novel phrase!

[cordwainer] 21/10/2019 12:48

Even the brokers are only rating it as Hold. That's a juicy +25% from August up to today.

[deadly] 18/10/2019 08:57

If it was fully priced, then even more so now. For some reason close to all-time high.

[cordwainer] 28/6/2019 00:03

Probably fully priced here now and currently better value over at Helical at the moment when comparing NTAV per share. I suspect next week's half-year results need to beat expectations to support the current 420-440p range.

[cordwainer] 25/3/2019 14:43

Sharing a non-exec with Domino's, E.g. "..ah yes, but might be best to have your new Domino's Pizzo branch here rather than there because its not public knowledge yet but SMP are likely to sell and build out this nearby site for a 300-operative Screwfix shed and its commuters and customers will ..."

[cordwainer] 20/2/2019 11:38

I take another look at this if it falls to 370p in the short term. epra p/e and %yield could be better going into general economic uncertainty, even taking into account stronger balance sheet, imho.

[redartbmud] 07/2/2019 22:14

Can't argue with your opinion, it seems to follow my train of thought very closely.

[cordwainer] 07/2/2019 22:11

Having made about 10% on the stock after fees in 10 months, i'm satisfied. Decision to sell not really very stock-specific. Despite SMP's excellent no-deal brexit contingency planning, being in the FT250 market sentiment towards the UK might override that if no deal happens. I confess no-deal brexit fear has encouraged me to increase my cash position, even though SMP probably deserves a good quality hold rating.