St.modwen Properties Share Discussion Threads

[nephie] 18/1/2011 11:04

Doing a roring trade in my local business centre that they run. Very tight ship

[cockneyrebel] 11/1/2011 11:01

Added more of these today.

CR

[cockneyrebel] 04/1/2011 14:36

Looking to break out here, results in Feb.

CR

[cockneyrebel] 14/12/2010 13:00

Next leg up starting, not much of a dip.

CR

[cockneyrebel] 09/12/2010 10:23

Flying today and breakoing out through resistance - those recent director buys were nicely timed.

CR

[cockneyrebel] 07/12/2010 13:05

725 GMT [Dow Jones] JPMorgan Cazenove upgrades St Modwen (SMP.LN)) and Development Securities (DSC.LN) to overweight, from neutral and from underweight, respectively, as it takes a look at UK property stocks. Says 'unloved' small caps will come increasingly into focus in 2011, mainly in the UK. Expects to see a gradual rediscovery of the sector and break-out of the share prices. Says the trend for listed property remains upwards and sees 23% total return for 2011. Development Securities is among the brokerage's top picks. Has 200p price target on St Modwen and 270p on St Modwen. Development Securities closed Monday at 194p and St Modwen at 141p.

[nellie1973] 07/12/2010 12:35

Broker upgrade

[sammu] 31/8/2010 23:53

Volatile - shares changed hands today at between 158.6p and 177.9p. Trading opportunities, somebody's plaything?

[topvest] 12/3/2010 21:10

I bought some today to hold long term. Good company and management; should perform well over the next decade with the quality of the hopper they are sitting on.

[scruffydave] 23/9/2009 10:38

St Modwen sells Harpurhey centre after eight-year turnaround

23 Sep 2009, 10:08

St Modwen has sold the 120,000 sq ft North City Shopping centre in Harpurhey, Manchester to Danish investor Habro for an undisclosed price.

Publicly listed St Modwen said the disposal was part of its strategy of 'adding maximum regenerative value to its schemes before recycling the capital raised from their disposal into acquiring new opportunities'.

St Modwen added new indoor and outdoor markets and refurbished the existing malls, car parks and service yards during its eight-year ownership of the centre.

Paul Batho, senior development manager for St Modwen, said: "St Modwen originally signed up for the scheme because we recognised its development potential. Where previous proposals for the centre had been unachievable, using our extensive regeneration experience, we devised a scheme that was feasible in commercial terms and would enable the transformational change that our local authority partners wished to see. We have a strong track record for being able to tackle challenging schemes, which may have stalled for one reason or another, and felt that our expertise would be well suited to helping finish the job in Harpurhey."

St Modwen was selected for the scheme by Manchester City Council following its work at Wythenshawe town centre, where the developer is still managing and developing a £100m regeneration project.

A new leisure centre, accommodation for the Manchester College of Art and Technology and a new library were also created at Harpurhey by St Modwen.

The Manchester office of DWF advised St Modwen on the sale.

[scruffydave] 17/9/2009 09:45

off topic but take a look at wner (Warner Estate)

Also news today...

[scruffydave] 13/8/2009 11:57

Take a look at OTE for an undervalued prospect imho

[jeffian] 17/5/2009 23:18

Hmmm! Just had a glimpse through the Prospectus - no divi, opaque future outlook and potential breach of banking covenants seems to be one of the main reasons for raising fresh capital. Is there any case for taking up the Open Offer shares? Am I missing something?

[captain kurt] 14/5/2009 08:57

Can see this going to 150p

[manrobert] 06/5/2009 08:33

any idea why the sudden rise from 68p?

[sandbank] 05/5/2009 16:58

St Modwen is the property company to hold - bar none :-)

[pame100] 24/2/2009 17:07

Well, I'll stick my neck out into the ether.....
i think that they will not pay a dividend this time. but as the coming loss is only due to property revaluation they will survive and prosper. the profit before property revaluation should be about 47m
(getting bored watching my shares tank every week...please be nice if i'm wrong or if you don't agree)

[petersmith6] 19/11/2008 21:22

im not, jumped in jan.ill buy a couple when they settle down.

[richaims] 19/11/2008 17:48

These shares were down 21% today and have fallen 38% in one week and 60% in a month.

Based on this, and the dire forecasts for the commercial property market, I'm surprised anyone is continuing to hold the shares .

[glynno] 09/9/2008 21:06

Hello,

Can anyone point me to the EPS forecasts for SMP? They used to be on the Co website, but I can't find them anymore (bad news????).

Cheers,

G

[nickcduk] 17/1/2008 09:22

Shares in U.K. property stocks soared Thursday after Morgan Stanley increased its rating on the European sector to attractive from cautious.

The brokerage said it expects a bounce of more than 20% in the next six months in share prices of U.K. property companies as a result of falling interest rates, but it remains "very bearish on a two-year view" for the sector.

Morgan Stanley increased its rating to overweight from underweight on British Land Co. PLC (BLND.LN), Brixton PLC (BXTN.LN) and Segro PLC (SGRO.LN), saying they were the "laggards of 2007." It downgraded Liberty International PLC (LII.LN) to underweight from overweight and Hammerson PLC (HMSO.LN) to equalweight from overweight, as the stocks are more defensive than their peers, so haven't fallen as far in recent months.

At 0831 GMT British Land was one of the highest risers in the FTSE 100, trading up 54 pence, or 5.9%, at 974.5 pence. Brixton was up 25.25 pence, or 8.3%, at 331 pence and Segro was up 26.5 pence, or 5.6%, at 500 pence. Liberty was also up 2.6% and Hammerson 2.8% despite the downgrade, and Land Securities Group PLC (LAND.LN), the U.K.'s largest property company was up 47 pence, or 3.1%, at 1571 pence. The FTSE 350 real estate index was up 3.3%, making it the second-best performing sector index.

Morgan Stanley said it expects interest rates to fall by 100 basis points in the next six months, leading to a "short, sharp counter-rally in U.K property shares in the first half of 2008."

But it says the recovery will not last. From mid-2008, Morgan Stanley suggests "U.K. property shares could halve in value over the following 18 months as an economic recession drags down market rents and precipitates the insolvency of many highly-leveraged investors."