St.modwen Properties Share Discussion Threads

[dendria] 24/6/2021 08:20

Offer increased to 560p.

Delisting of SMP on 9 Aug. Payment by 20 Aug.

[solomon] 17/6/2021 08:54

St. Modwen expects that the Scheme Document will be posted to St. Modwen shareholders by not later than 25 June 2021 following completion of the documentation. Accordingly, St. Modwen and Bidco have sought, and the Panel on Takeovers and Mergers has granted, an extension to the deadline for posting the Scheme Document in accordance with Paragraph 3(a) of Appendix 7 of the Code, which would otherwise have fallen 28 days from the Rule 2.7 Announcement.

[broadwood] 07/5/2021 14:21

Ouch I havn't posted on ADVN for many a long day. Bur the buy and hold strategy has worked very well for me I'm pleased to say.

Hope you are keeping well.

[redartbmud] 07/5/2021 10:37

broadwood

Know what you mean about names.
if only that clown that I allowed to manage my portfolio hadn't sold 75% of the holding, at the time.
Main reason for taking it off them, and the eye watering fees they charged too!!!

[broadwood] 07/5/2021 08:16

Old Chairman was a close friend of a friend. Now I've forgotten his name.

As you say red it pays to hold on.

[redartbmud] 07/5/2021 07:18

Looks like Blackstoneis happy to pay up for quality.
Held since sometime in the 1980's.
It will be like losing part of the family.

[sammu] 07/5/2021 06:58

Seems a bit light given the pre pandemic level of the shares, the significant land bank and industrial/logistic shed focus.

[linton5] 07/5/2021 06:10

Well done all holders

[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 10:18

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

[red ninja] 21/10/2020 16:57

I wonder if we can break through 340 tomorrow ?

[red ninja] 30/9/2020 14:08

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 09:40

Nice to see someone buying SMP ...

[sphere25] 28/8/2020 13:32

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 17:30

Actually discount is 30%.

[hugepants] 27/7/2020 14:51

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 14:57

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

[dendria] 22/7/2020 12:22

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

[hugepants] 26/5/2020 11:46

current discount is 34%

[apollocreed1] 25/5/2020 16:48

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 14:34

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 17:18

"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!