St.modwen Properties Share Discussion Threads

[simon gordon] 03/3/2011 17:53

St Modwen started with buy at Liberum, target price 197p.

[nellie1973] 03/3/2011 15:56

Broker upgrade to buy

[de369357114] 02/3/2011 14:51

there is also one other excellent piece of news which people dont seem to have picked up - a week or so ago scottish and southern energy (sse) received planning permission to build a c.800MW gas power station at smps baglan bay site - not an expert but this must add significant value to smp given baglan bay is in the books at cost (eg. nil value)

[cockneyrebel] 02/3/2011 08:13

looks even cheaper after todays news - mad, and directors filling their boots

CR

[topvest] 27/2/2011 12:50

Yes, they have a pipeline of strategic land that is probably second to none. The strategy is very good i.e. rental income of £45m covers their costs and the real business is property development. The former rental income significantly reduces the risks involved.

[cockneyrebel] 27/2/2011 11:53

Here's the press coverage of the recent news:



This co is really going places over the coming few years imo.

From the results:

"Net assets per share up by 9% to 218p (2009: 200p), EPRA up 7% to 234p (2009: 219p) "

3p divi this year compared to nothing last year - prior to last years and no div, these were paying 6.5p, 7.5p, 8.5p and 9.5p divi's in the prior 4 years so they have a good divi history.

I'll be amazed if when these break out they don't go way higher imo.

Goes xd for the 2p final divi on March 9.

The AGM is on March 26 - Chief Exec (among others) bought 42K @ up to 178p ten day ago. FD Chairman and other directors have all been buying over the past 6 weeks.

CR

[mrbt] 24/2/2011 13:08

I am still listening, sure there are others.

[cockneyrebel] 24/2/2011 11:14

I'm here talking to myself - but these are firm today on a weak market.

20p in these on a breakout imo and well justifed based on how they are trading under NAV imo.

CR

[cockneyrebel] 23/2/2011 09:54

More news today - NAV set to rocket imo

As soon as this seller clears SMP will gallop imo.

CR

[cockneyrebel] 22/2/2011 15:15

IDMSMP
RNS Number : 6637B
St. Modwen Properties PLC
22 February 2011
22 February 2011
OUTLINE PLANNING APPROVED FOR SWANSEA UNIVERSITY CAMPUS
St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, announces that it has been granted outline planning permission for the Bay Science and Innovation Campus for Swansea University, which is situated at a former BP storage site on the outskirts of Swansea.
As owner and developer of the site, St. Modwen will now work closely with Swansea University, the Welsh Assembly Government, BP and the Princes Foundation for the Built Environment, to develop detailed plans for the project; focussing specifically on the GBP200 million first phase which comprises 300,000 sq ft of academic accommodation, 2,800 student residential units and associated retail space.
Commenting, Bill Oliver, St. Modwen's chief executive officer, said: "The granting of outline planning permission is a significant step forward in the development of the Bay Science and Innovation Campus for Swansea University. The decision is testament to our ability to identify and acquire large scale sites for remediation and redevelopment into what will eventually become real economic and social assets for the local area and which are also able to create value for our shareholders. We will now work hard with all of our partners in this project to finalise det

[cockneyrebel] 08/2/2011 13:43

Nice director buy I see :-)

CR

[cockneyrebel] 08/2/2011 11:02

Tipped as a buy in the press today.

CR

[mrbt] 07/2/2011 13:38

St Modwens showing plans for Longbridge on BBC Midlands Today.

[cockneyrebel] 07/2/2011 12:54

Yep, looks like the market is busy chasing the racers Mathisvale.

Oh well, these are in my pension where they can sit for a while until the mkt sees otherwise, or until I get bored :-)

CR

[mathisvale] 07/2/2011 08:53

The share price discount to assets is relatively small, the asset increase last year (9%) is not going to set the world alight and the prospects are for a similar increase this year.

An excellent co. ? Yes I would say so, but with so many other companies set to double, triple or more on recovery, the risk/reward ratio here does not look as attractive as elsewhere

[cockneyrebel] 07/2/2011 08:32

They have loads of deals set up and loads of undervalued land - I dare say the punters sleep but wait till the broker notes and tips start hitting the screens imo.

CR

[topvest] 07/2/2011 07:42

Very good results indeed. 3p dividend for the full year is also not bad going.

[cockneyrebel] 07/2/2011 07:40

Stunning, and very upbeat going fwd too.

best property play going imo.

CR

[mrbt] 07/2/2011 07:12

Results for the year ended 30th November 2010

St. Modwen Properties PLC, the UK's leading regeneration specialist, announces annual results for the year ended 30th November 2010. HIGHLIGHTS:

-- Net assets per share up by 9% to 218p (2009: 200p), EPRA up 7% to 234p (2009: 219p)

-- Profit before tax increased to GBP37.5m (2009: loss of GBP119.4m)

-- Property profits* increased to GBP21.9m (2009: GBP7.6m)

-- Rent roll increased by 5% to GBP46m with voids reduced to 12% (2009: 17%)

-- Valuation gains* of GBP23 million (2009: loss of GBP122 million)

-- Strong pipeline of development opportunities / schemes

-- Persimmon joint venture to develop 2,000 houses over seven sites

-- Dividends resumed

*including our share of joint ventures and associates as detailed in note 2.

[cockneyrebel] 04/2/2011 15:46

Firming up, results Mon

CR

[cockneyrebel] 01/2/2011 14:49

results very soon - a lot of director buying recently.

CR

[cockneyrebel] 29/1/2011 11:25

Commercial property sales hit £1.5bn, up by 20 per cent last year

[cockneyrebel] 19/1/2011 08:28

16k bought in the auction last night @ 179p

CR

[cockneyrebel] 18/1/2011 15:37

Looking firm today - results Feb 8th.

CR