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 Shares Traded Last Trade
  -2.00 -0.36% 548.00 217,228 16:21:49
Bid Price Offer Price High Price Low Price Open Price
548.00 549.00 552.00 546.00 551.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 342.10 -139.40 -54.70 1,219
Last Trade Time Trade Type Trade Size Trade Price Currency
16:57:50 O 2,629 550.986 GBX

St.modwen Properties (SMP) Latest News (7)

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St.modwen Properties Investors    St.modwen Properties Takeover Rumours

St.modwen Properties (SMP) Discussions and Chat

St.modwen Properties Forums and Chat

Date Time Title Posts
17/6/202109:54St Modwen Properties646
20/12/200714:57Share price downturn2
28/2/200019:43St Mowdens Props off Citytipster!!4

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St.modwen Properties (SMP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-22 15:58:07550.992,62914,485.42O
2021-06-22 15:35:16548.0068,475375,243.00UT
2021-06-22 15:29:49549.001476.86O
2021-06-22 15:29:00548.001,0976,011.56AT
2021-06-22 15:29:00548.00949.32AT
View all St.modwen Properties trades in real-time

St.modwen Properties (SMP) Top Chat Posts

St.modwen Properties Daily Update: St.modwen Properties Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker SMP. The last closing price for St.modwen Properties was 550p.
St.modwen Properties Plc has a 4 week average price of 543p and a 12 week average price of 397.50p.
The 1 year high share price is 554p while the 1 year low share price is currently 297p.
There are currently 222,376,988 shares in issue and the average daily traded volume is 1,866,821 shares. The market capitalisation of St.modwen Properties Plc is £1,218,625,894.24.
red ninja: Well out at 344p, there may be discount to NAV in SMP, but very nervy and in IMO just seems a risky hold in the current nervy markets.
red ninja: Article on new CEO of SMP in the Times today. New guy is described as a "incredibly sharp and smart" by a former collegue.
red ninja: Nice to see someone buying SMP ...
sphere25: Another tradable one that is threatening a move higher with the price currently 323. Just stuck its head over that 320 mark where it failed before. Lumpy one and on a quiet Friday afternoon so interesting to see how it closes.
cordwainer: Probably fully priced here now and currently better value over at Helical at the moment when comparing NTAV per share. I suspect next week's half-year results need to beat expectations to support the current 420-440p range.
cordwainer: Sharing a non-exec with Domino's, E.g. "..ah yes, but might be best to have your new Domino's Pizzo branch here rather than there because its not public knowledge yet but SMP are likely to sell and build out this nearby site for a 300-operative Screwfix shed and its commuters and customers will ..."
cordwainer: Having made about 10% on the stock after fees in 10 months, i'm satisfied. Decision to sell not really very stock-specific. Despite SMP's excellent no-deal brexit contingency planning, being in the FT250 market sentiment towards the UK might override that if no deal happens. I confess no-deal brexit fear has encouraged me to increase my cash position, even though SMP probably deserves a good quality hold rating.
cordwainer: .. however I crystallised profits on SMP this morning.
cordwainer: from The Times TEMPUS: Selling strategy is paying dividends for St Modwen If you are looking to buy a few shops, or perhaps a small shopping centre, or even, say, a town centre in Edmonton Green in north London, look no further than St Modwen Properties. The FTSE 250 regeneration specialist is on a selling spree and, frankly, it could not come soon enough. Until the start of last year, the company had languished as a property business with an erratic and sprawling portfolio that did not make a lot of sense. It had specialised in buying land that no one else wanted to develop, such as old oil refineries or steelworks, and turning them into huge sites of offices, shops and retail. It also held a 15-year-long landbank but no real housebuilding business to speak of, small retail assets that were not generating much income, and town centres that were returning little more than £5 million in rent, such as Edmonton — yours for £70 million, if you are interested. Mark Allan, the former chief executive of Unite, the student accommodation provider, came in and changed all that. He decided that St Modwen would continue to take on regeneration sites but the focus would be housebuilding and industrial and logistics centres. Almost everything else could go. It was a bold move and has pleased investors it seems. The share price since Mr Allan arrived in December 2016 is up to 404p from 303p. The group’s interim results show its strategy is going well. The company has sold £350 million of assets, including £95 million of retail, taking disposals since the strategy was announced last year to £635 million, representing 35 per cent of St Modwen’s portfolio. Yes, some of the retail assets are selling 4 per cent below November 2017’s book value but in this climate that should not be considered a bad run. The returns from selling properties are also showing big gains for the company. Take the £95 million of retail and £139 million of student accommodation in Swansea the group sold in the first half of the year. This was delivering a net rental income of about £10 million a year. The group has invested half the proceeds from these sales — about £110 million — in its logistics and industrial pipeline and is set for an income of £11 million a year. Scale that up to £500 million of capital being recycled and that translates into a big move on earnings and, by extension, the dividend over the next two to three years. In the past, a lot of cash generated by St Modwen was development profits, as the company sold all that it developed. Now it will hold on to assets that generate an income and link the dividend to the recurring cashflow from this activity and housebuilding profits. This means, as income increases, dividends should rise more strongly. St Modwen reported a 53.5 per cent increase in the dividend to 3.1p per share, up from 2.02p a year earlier. The cash from these disposals is enabling the management to pursue an ambitious development strategy of boosting its residential and logistics divisions by 25 per cent a year, while keeping debt at a low level, at 24.2 per cent loan to value in the first half. The shares dipped 4 per cent to 404p after the company revealed profits were down 18 per cent to £25.9 million and earnings per share fell 22 per cent to 9.4p, although net asset value per share rose by 1 per cent to 455.4p. The company expects profits to be up on the year with the interim fall due to the winding down of a joint venture with Persimmon. The total return for the half year was 2 per cent but is expected to be 6 per cent for the full year. St Modwen wants that to rise to between 10 per cent and 11 per cent within three years and that means a big boost in dividends. With shares at a 16 per cent discount to November 2019’s NAV, this is worth a buy. ADVICE Buy WHY Sensible disposal strategy is performing well and will boost dividends over a three-year horizon
bluerunner: Solomon - I am also tempted at these levels. Now 2 weeks to news.SMP share price has been struggling of late but so have many others in this market. However, this has to be a decent med-long term opportunity.This is IC's growth tip of the year.
St.modwen Properties share price data is direct from the London Stock Exchange
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