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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
  -2.50 -0.79% 314.00 313.50 314.50 314.50 312.00 314.50 50,296 14:18:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 429.9 58.9 22.8 13.8 698

St.modwen Properties Share Discussion Threads

Showing 576 to 599 of 675 messages
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
DateSubjectAuthorDiscuss
31/5/2016
07:58
Yes, a lot to like, particularly the following: Following strong investment activity at the end of 2015, annualised rent roll has grown to £60m and now covers the operating costs of the business which further underlines our strong financial base.
redartbmud
31/5/2016
07:47
Extremely positive pre-close statement.
bluerunner
20/4/2016
09:37
Tempted to buy but like everything property related, concerns over run up to Brexit vote may provide even better opportunities so no rush perhaps.
its the oxman
08/4/2016
21:23
Linhur My sentiments entirely. red
redartbmud
08/4/2016
12:24
Mr Allan seems to be good at building sparkly new accommodation for modern students rather than regenerating tired old steel plants. Perhaps they will move to a new strategy. Pity as there may not be the opportunity to expand Swansea University in 10 years time after reclamation and remediation of the Port Talbot site. Jury is out on Mr A. until I see his new plan. Linhur
linhur
07/4/2016
07:52
St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, announces the appointment of Mark Allan as Chief Executive with effect from 1st December 2016. Mark will join the Company on 1st November 2016 as Chief Executive Designate, ensuring time for a handover of responsibilities. The appointment concludes a detailed search process following the announcement made on 2nd February 2016 that Bill Oliver, St. Modwen's current Chief Executive, will retire on 30th November 2016. Mark (43) joins St. Modwen from The Unite Group PLC, the UK's leading operator of purpose built student accommodation, where he has been Chief Executive since September 2006. He joined Unite in 1999 from KPMG LLP and has held a number of finance and commercial roles in the business, including Chief Financial Officer from 2003 to 2006. Mark is a qualified Chartered Accountant and a member of the Royal Institution of Chartered Surveyors. He also serves as a Trustee Director on the non-executive board of Anchor Trust. Commenting on the appointment, Bill Shannon, Chairman of St. Modwen, said: "Mark has an impressive track record and is highly regarded in the listed property sector. I am certain that under his leadership the Company will continue to build on its unrivalled regeneration expertise and proven ability to realise value from its extensive land bank. The timing of this appointment allows for a smooth handover process and we look forward to welcoming Mark to the Board." Mark Allan said: "St. Modwen has a well-earned reputation as the UK's leading regeneration specialist and I am excited by the prospect of working with the Board, senior management team and staff to build on the Company's strong foundations and to lead the business in the continued execution of its strategy."
redartbmud
23/3/2016
08:20
Another positive statement from the BOD and a rebuff of the Nine Elms issue which has purportedly had so much effect on the share price Hopefully a steady rise from here. regards
peaeff
23/3/2016
07:13
St Modwen Properties said its business continues to perform well, supported by its extensive regional development portfolio and income producing assets. Real value continues to be added across our UK-wide portfolio through land renewal, planning gains and asset management, the company said in a trading update. "In the period, we have already completed a number of key retail and industrial acquisitions and the portfolio has also benefitted from new opportunities secured through Development Agreements. "Over the course of 2016, we will continue to seek to acquire new opportunities in this way, with good development potential in the long-term and further enhancing net rental income in the shorter-term. In doing so, we continue to build on our strong regional presence. "As we look to bolster the portfolio through the identification of attractive new investment opportunities, we are simultaneously seeking to dispose of certain assets to which we can no longer add material value. During the period we have already sold or agreed for sale £39m of mature assets at or above book value. "Demand for residential land from third party housebuilders is steady and we have agreed or completed £41m in site sales in the period, with prices at or above book value. "We continue to extract maximum value from our income producing portfolio and we are experiencing good occupier demand across the UK. Our actions taken since November 2014 have grown annualised current gross rent roll from £45m to £60m. "In addition, we have already identified further sites from our existing portfolio for Private Rented Sector (PRS) development which we will progress through the planning process this year. Construction works are expected to start shortly for the development of 201 PRS apartments on our 110 acre site at St. Andrew's Park, Uxbridge for delivery in 2017/18. "Activity across our commercial development portfolio remains strong and we continue to recycle developments that were commenced speculatively. "Our housebuilding activities through St. Modwen Homes have stepped up a gear and overall the housebuilding area of the business remains very profitable, reflecting the strong consumer appetite for housing across the UK, with reservation rates and sales prices currently ahead of targets. "The procurement of the market at New Covent Garden Market (NCGM) is now underway, with vacant possession of the 10 acre Nine Elms Square site remaining on track for Spring 2017. As outlined in our 2015 full year results, we intend to explore our options to either sell, joint venture or develop this site during 2016. "We are aware of the negative sentiment expressed towards Central London, Zone 1 residential prices and Nine Elms in particular. Our share of NCGM, held in a 50% joint venture with VINCI Investments Ltd, accounts for 13% of our UK-wide portfolio. Having reviewed sales activity in the area it is clear that current market evidence does not support this level of negativity -
broadwood
14/3/2016
15:29
You on Mars?
brain smiley
14/3/2016
15:17
I notice a few diectors managed to top up at low prices.
peaeff
14/3/2016
11:01
Liberum Capital St Modwen Properties PLC 14/03/2016 Upgrades Hold Buy 2 415.00 415.00 297.10 0 2
broadwood
08/3/2016
12:42
Non-exec. director, Richard Mully, continues his buying, adding 10,000 shares at 300p yesterday. Price atm is 286p. On this last batch, he's down nearly 4.6% so far today. He's down even more on the others, of course. Credit to him; he thinks they're cheap and he's buying.
ed 123
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
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
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