St.modwen Properties Share Discussion Threads

[boxster rob] 07/4/2007 03:06

Ex Div 13th April

Pay date 4th May - 6.8P

[hijeff] 04/4/2007 07:52

good divi due next week 21.5p

[mrbt] 27/3/2007 09:21

Daily Mail suggests St Modwen might have agreed to sell its Northern Racing shares to Reubens.

[jat57] 15/2/2007 18:15

Hi all. Long term holder. Why jump to day?.

[mrbt] 13/2/2007 23:10

looks like they have moved them around now. wonder why?

[boxster rob] 17/12/2006 01:44

I believe so. Looks to me that St. Modwen have 27% of Northern Racing.

[mrbt] 16/12/2006 23:07

anyone remeber if we still have shares in Northern Racing?

[arf dysg] 19/11/2006 19:58

mistertibbs,

Will the uptick stick?
Will the quick trick tick stick?

[arf dysg] 19/11/2006 19:57

Moo. Also moo.

Mostly murmuring muted moos.
Manically mooing. Tried ooming but it wasn't so successful.

Oom, oom. Doesn't have the same ring, does it?

Armoured Annabel amazingly attacks arachnids.

Moo.

[boxster rob] 01/11/2006 23:20

Sandbank, The volume today was not out of the ordinary. I suspect the reason for the rise today was (acording to another site) quote.. 'Property stocks also found favour as Merrill Lynch raised targets across the sector in a bullish research note' A fantastic stock that is a core holding in my portfolio.

[sandbank] 01/11/2006 23:00

MISTERTIBBS: That uptick was brought about by a single buy of 25,000 which made it one of the largest volume days for some time in SMP

[mistertibbs] 01/11/2006 17:42

Good experienced appointment today. Another wee uptick. Will it stick?

[mistertibbs] 11/10/2006 10:37

Now was there a big seller and they've gone? Hope this wee uptick keeps going.

[mistertibbs] 21/9/2006 22:23

Now I don't understand this rise either, unless I missed something. I did hear an announcement about some sort of development at the old railway works in Springburn in Glasgow and believe that's part of smp but didn't catch what it was. Anybody throw some light on this?

[mistertibbs] 11/7/2006 20:18

I don't understand the big drop on the results but as you say, steady as she goes, cap'n

[mrbt] 10/7/2006 09:27

more of the same steady progress

[mistertibbs] 28/3/2006 18:25

No I don't have a view on it either. We must have bought at similar times as I've held them since July 1995 at 49.5p. Those were the days indeed.

I see from their report they purchased some land at Hillington in Glasgow, my home town. I didn't know they had some land over in Springburn as well. Might seem nothing at first but this is along the M8 corridor, the main artery between Glasgow and Edinburgh. Springburn is very interesting as it's also close to the M74 which after years of environmental and cash wrangling, both M8 and M74 will within the next few years be joined up, saving all the current transport problems having to go through the centre of Glasgow over the constantly sinking Kingston Bridge and make the roads between Glasgow, Edinburgh and England all easily accessable. I wouldn't be surprised to see them now look for land at the far away end of the M8 in Greenock/Gourock were all the old shipbuilding took place and still does to a much smaller extent. These areas are mostly run down with maybe exception to Hillington which is an existing industrial estate.

Just put all those points to see if I could get any type of response. I agree with your sentiments entirely. Still sad about Sir Stan. Good to see his good work continuing. I take it his family continue to support the business.
Andy

[sammu] 25/3/2006 00:16

mistertibbs
This share has never really had any kind of BB following that I can recall. I've held it for just under 10 years and don't have any complaints.

It not that results weren't good, they were as good/predictable as ever.

In answer to your 1-7 question, the main problem for the 2nd half of last year was 6 IMO. The run it had in the first 6mths of 2005 made it very fully valued.

SMP seems to have broken the normal valuation based on NAV such that it is instead valued on earnings - a P/E multiple. Valuing it in realation to NAV makes it look one of (if not) the most expensive property company on the market

I don't really know if REITs are going to have any impact on smp, any views?

Sam

[Abuse team] 23/3/2006 22:33

Post removed by ADVFN

[mistertibbs] 23/3/2006 22:29

I cannot believe this is as quiet as it is. Are results not good enough?

[mistertibbs] 31/1/2006 09:06

Are the shares treading water because
1. Uncertainty over Longbridge
2. Uncertainty over Elephant and Castle
3. Everybody more interested at the reits potentials with smp not being one of them
4. Uncertainty on property prices in the near future
5. Fear the "new man" hasn't got what it takes or the fear he hasn't, despite his history with smp
6. Shares risen too far, too fast
7. Limited options on development with current property prices
All or some of the above.Any thoughts anyone?

[sandbank] 30/1/2006 08:16

SILVERSTONE DEAL: No RNS yet but this is in the Sunday Telegraph...

St Modwen wins the race to buy and upgrade Silverstone
By Edward Simpkins (Filed: 29/01/2006)

St Modwen, the Birmingham-based property developer, has won the race to acquire and redevelop Silverstone, the Northamptonshire motor racing circuit that hosts the British Grand Prix.

Late last week Sir Jackie Stewart, the president of the British Racing Drivers' Club (BRDC), wrote to his members saying that the developer had been appointed as its preferred partner and that approval would be sought for the terms of the deal at an extraordinary meeting of the club's 500 members to be held at the track in February.

The BRDC was forced to bring in fresh investment for the historic venue after Bernie Ecclestone, the head of Formula One, said that its contract to hold the British Grand Prix there would not be renewed after 2009 unless significant improvements were made to the facilities. The BRDC is selling a 125-year lease on the former Second World War airfield.

St Modwen has proposed a £600m mixed-use redevelopment of the 800-acre site to include hotels, restaurants, and other leisure accommodation along with improved facilities for motor racing teams. Access will also be improved to the venue, which is 10 miles from Northampton, and there will be new commercial outlets such as car showrooms designed to make the site more profitable.

The listed developer is best known for forming joint ventures with landowners such as local authorities and coming up with innovative schemes to regenerate run down areas.

The company is on the short list for a £2bn redevelopment of Elephant & Castle in south London and is creating a £100m zoo and leisure scheme at a site in Dudley in the West Midlands.

[llados] 27/11/2005 12:48

Nothing in the weekend papers. Checked on Google - nothing new. End of financial year 30th November. Watch and wait and go with the ride. Patience!

[supersturrock] 25/11/2005 16:22

OK. What's going on ?
Chart breakout ?
News on Elephant & Castle ?
Bid from one of the big boys ?

[scottishfield] 17/10/2005 21:40

and today?