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Share Name Share Symbol Market Type Share ISIN Share Description
St.modwen Properties Plc 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
  +1.00p +0.24% 426.00p 426.00p 428.00p 426.00p 426.00p 426.00p 70 08:09:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 433.0 72.4 27.1 15.7 947.33

St.modwen Properties Share Discussion Threads

Showing 551 to 575 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
08/3/2016
09:14
Next major support looks to be 200p to me but struggle to believe it will fall that far. Next results newsflow could stem the tide but see no reason to buy before, especially since we have slipped through 300p, despite some long term value possibly.
its the oxman
07/3/2016
20:31
Simply because profit isn't cash flow- they don't have the money to pay big dividends! Most of the large profit is an unreleased profit on a revaluations and thus it won't become cash until it is sold and realized! Until then, and the cash flow improves here, dividends will continue to be very, very weak!
creative_accountant
07/3/2016
17:40
Paltry! lol
webclick99
07/3/2016
16:13
lazygun, See #512 et seq. "a poultry 1.9%". Chickenfeed, eh?! 8-)
jeffian
07/3/2016
16:04
What surprises me is that you have profit of nearly a pound per share, and yet the dividend is a poultry 1.9% of the current share price..... If they're making that much profit, why isn't more if that being distributed back to shareholders? L.
lazygun
07/3/2016
12:27
Morgan Stanley joined the chorus last week. The warning from Morgan Stanley adds to concerns over a glut of homes in areas like Nine Elms,... http://www.standard.co.uk/business/morgan-stanley-sounds-alarm-on-london-luxury-flats-bubble-a3193576.html Of course, such chatter doesn't mean that prices are certain to fall by 20%. Also SMP's share price is about 40% down from its August 2015 high. Is that enough of a fall for now, while the market awaits further price/sales data? Will today's buyers at c. 305p be laughing in 12 months time?
ed 123
04/3/2016
18:36
Isn't the falling share price a response to rising doubt about the financial success of VSM's redevelopment of Covent Garden Market? The agreement with Covent Garden Market Authority was signed in January 2013. From what I can see, house prices in the area may have peaked at the end of 2014. http://www.foxtons.co.uk/living-in/nine-elms/ Press reports, such as this, will have hit confidence. Speculative investors head for the exit in Nine Elms development http://www.ft.com/cms/s/0/8e85675c-2648-11e5-bd83-71cb60e8f08c.html I haven't read the agreement between VSM and CGMA but, if it is structured so that VSM pay for the Market redevelopment, then there is higher risk carried by VSM because the sale price per property will have to cover land cost, build cost, finance cost and a per property share of the cost of the Market rebuild. If this is the case, then projections for achievable property prices are more critical than for a normal (ie. site clear and then build flats) redevelopment. I should state that I'm not trying spook anyone. Just sharing my own thoughts on why the share price might be falling. I'm neither long nor short St Modwen, and wish holders a good outcome. Edit: Perhaps I need to add a little balance. St Modwen are very experienced developers and will have put massive effort into planning and pricing this big project, including projecting outcomes if softer end markets should hit. I suppose the question is, "Have they been sufficiently cautious?" I doubt that private investors are in a position to answer this.
ed 123
04/3/2016
14:45
I just don't see a problem with financing. They would have put it all in place before they started.
redartbmud
04/3/2016
10:20
Perhaps there is concern over financing London project work and fund raising. Waiting to see sub 300p as it looks very possible.
its the oxman
03/3/2016
11:53
Just wonder if there are concerns here re management succession.
droid
03/3/2016
10:40
Why so weak here when land and Blnd are recovering?
its the oxman
26/2/2016
10:29
I think by london he is actually referring to Nine Elms which looks a problem area.
droid
26/2/2016
09:32
"Has anyone stress-tested SMP? What would be the value of the equity if London property prices fell by 20%?" That isn't a relevant question. Why haven't BKG etc. also fallen like SMP? BKG has in fact recovered strongly. London house prices falling is only a dream when the pound has fallen and the economy is growing well.
deadly
19/2/2016
17:07
divi increased 25%. Did they listen to us? Or has this been announced before?
solomon
10/2/2016
19:39
Momentum moves in both directions !
spacecake
09/2/2016
11:55
Has anyone stress-tested SMP? What would be the value of the equity if London property prices fell by 20%?
ed 123
09/2/2016
11:36
There has to be some considerable value at these kind of levels. My average price is a lot higher and will be taking advantage as soon as I have more cash available. The downward drift has been disappointing but I'm holding long term. Any thoughts?
bluerunner
05/2/2016
16:58
Volume today not excessive. Level 2 from what I can see seems to show a reasonable balance between buys and sells. As an investor though, I'm lacking guidance and future financial forecasts. I couldn't find any in their annual results. People want to buy on the future, not the past. Where is the future financial guidance? If anyone has any, pls share
webclick99
05/2/2016
15:50
The market is pricing in more Covent Garden risk, imo.
ed 123
05/2/2016
15:36
Large fall so far today. Any body know any particular reason why? Is it just normal trading going on? Thanks for any reply.
bostonborn
04/2/2016
06:12
This bb sometimes goes a month without a single comment/post and now you are baulking at a healthy discussion!
eggbaconandbubble
03/2/2016
19:01
jef Agreed. Time to move on. We all come from different angles, with different goals. holding Smp shares is by personal choice.
redartbmud
03/2/2016
18:56
This is all getting a bit surreal. You and others asked why the dividend was not bigger and I made a suggestion. If you don't like it or agree, fine, but you'll be left wondering why unless you can think of a better answer!
jeffian
03/2/2016
13:25
Yes! Provided you have a tenant. OK. Forget the gold analogy. Get a tenant in paying rent and then mortgage the house. Build another house with the loan; put a tenant in and so on. Each time borrowing the same percentage of property value which means a greater loan each time as the value of property rises.(i.e revaluation) Help yourself to a regular 'divi' along the way. Sell all when the Chancellor starts to make life difficult.
eggbaconandbubble
03/2/2016
09:29
This is a property company. It has annual revaluations. That may go up, or it may go down. The resultant impact on P&L account, in either direction, has to be judged accordingly. Safer to look at underlying (sustainable) earnings or realised gains (though the latter,by their nature, will be one-offs). Never mind gold, think of your house (property, geddit?). It goes up by £50,000 so you think you'll treat yourself to a £25k 'dividend'. Only you haven't got the cash (because you haven't sold the house and realised the gain), so you borrow it on an increased mortgage. Then the value goes down again. Was that a sustainable dividend?
jeffian
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
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