St.modwen Properties Share Discussion Threads

[mathisvale] 21/11/2011 09:58

I thought that these were cheap when they dropped below 140p, so what must they be now.

Although these shares are a bargain there are so many more outstanding bargains around that they never seem to come top of my buy list

[chrisb1103] 17/11/2011 19:32

NAV 226p, share price down to 113p today? it's the half price sale. Stupidly cheap imo and for a quality business like this too. Crazy.

[nick rubens] 27/9/2011 16:12

Looks good value but feels like a big seller in the backround? Anyone see any signs of that?

[copyright] 08/9/2011 16:18

bought some SMP today at 126.42 pence, an absolute steal, price to book value of just 0.59 (and it should be noted that there are NO intangibles inflating the book value), pe ratio of just 6.9x and even a resonable divvie for a property company of 3.3p and rising by 10% which represnts current 2.6% yield.

I was angry with myself missing them at approx 166 a couple of months ago so am absolutely chuffed at picking them up at 126 pence, my short / medium term target is 180 pence going well over 200 pence when sentiment turns positive towards the property dealing / building / construction sector.

SMP has an excellent portfolio of solid high yielding investments which can easily be disposed of if need be and they are superb at buying up brownfield sites and obtaining change of use for residential property and commercial developments as witnessed by the deals / joint ventures with Persimmon and the Longbridge development and the ex Government redundant MOD properties etc etc.

Shrewd dynamic and sound financial management also helps too.

I's not very often you can buy one pound of genuine asset for just 59 pence, far too big a discount to net asset value, this will definitely narrow very quickly indeed once all the punters cotton on to SMP.

[chrisb1103] 06/9/2011 23:00

Another 5,000 shares for the Chairman today, that's 10,000 in the last month along with the FD adding 15,000, CEO in for 5,000, Construction Director for 25,978. That's showing plenty of confidence here since the interims - and still it's cheaper to buy than they all paid. They must know the sell off is overdone relative to how the business is performing surely?

[chrisb1103] 16/8/2011 09:13

I agree, SMP is a quality stock and a bargain, I added a few end of last week thinking this has to be due a big bounce, and it's still missed out so far.

Still only 142p to buy this morning despite recent very strong 1/2 yr results with 40% inc in pre-tax profits to £37.4m and NAV per share up to 226p. Current share price is offering a very hefty discount. Not been much cheaper here in the last 2 years!

[mathisvale] 10/8/2011 19:57

Well, I never thought that we would see SMP back down at this level again. SMP is a quality stock and a bargain at this price. Mind you there are bargains everywhere at the moment

[nasprey] 06/7/2011 14:06

Sounds Good To Me!

[cockneyrebel] 06/7/2011 10:05

St Modwen profits rise 40% amid flat market

CR

[cockneyrebel] 05/7/2011 10:19

A bit of buying coming in now.

Making a 1 year high today.

CR

[cockneyrebel] 05/7/2011 07:46

Well they look decent to me.

CR

[broadwood] 04/7/2011 12:57

Courtesy of QP.

According to highly regarded FT real-estate correspondent Daniel Thomas, property company St. Modwen are set to give a bullish view on business in its half-year results to-morrow, with certain figures at top end of expectations.

[johnv] 02/7/2011 12:14

I believe theres a lot of cash from us MNR holders looking for a home. QED,MCKS & SMP oh my list.

[johnv] 01/7/2011 16:31

This looks like its able to take off, 200 day ma curving exactly what I like.
Similar chart shape to MCKS.

[cockneyrebel] 29/6/2011 12:43

Results next week.

CR

[neg] 01/6/2011 12:21

Excellent trading statement today, which was clearly evident some months ago from all the directors buying. Now broken out of range, and I expect significant increases in net asset value over the next 6 to 12 months. 250p target in my opinion........lots of hidden value to be uncovered, especially with their planning permission successes. Lots to go for here, with A+ management.

[simon gordon] 21/4/2011 12:30

Bit trapped in a range:



Next offical news c.5/7.

[cockneyrebel] 19/4/2011 16:09

Looking at the trading range here 185p looks a good short term target imo.

CR

[cockneyrebel] 19/4/2011 15:32

Another director buy on a lovely low.

CR

[cockneyrebel] 21/3/2011 15:57

AGM tomorrow and IMS statement due too.

CR

[simon gordon] 08/3/2011 16:18

XD tomorrow for 2p.

[cockneyrebel] 08/3/2011 16:03

Looking to break out here.

CR

[cockneyrebel] 07/3/2011 14:47

testing the highs again.

CR

[cockneyrebel] 03/3/2011 18:05

Cheers above - looks stonkingly cheap imo.

Interesting info de369357114 - snappy user name you have there! :-)

CR