Share Name Share Symbol Market Type Share ISIN Share Description
Starwood European Real Estate Finance Limited LSE:SWEF London Ordinary Share GG00B79WC100 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 102.00p 101.50p 102.50p 102.50p 101.50p 102.50p 260,279 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 26.2 7.0 14.6 421

Starwood European Real E... Share Discussion Threads

Showing 26 to 49 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
17/11/2018
12:28
Thanks Jonwig - I'll put them on my watch list.
skinny
16/11/2018
16:41
Skinny - I think a movement down from premium is expected now, with the increased risk of default (increased rates, eurozone stress) which would be a big hit even with a single issue. They say: If a borrower defaults on a loan and the real estate market enters a downturn it could materially and adversely affect the value of the collateral over which loans are secured. However, this risk is considered by the Board to constitute credit risk as it relates to the borrower defaulting on the loan and not directly to any movements in the real estate market. The Group's exposure to market price risk arises from Credit Linked Notes held by the Group and classified as assets at fair value through profit or loss. The Group considers that there is no material market price risk at the end of the reporting period. I'm moderately relaxed but not laid back, as it were.
jonwig
16/11/2018
15:38
Any views on these as they head towards their NAV?
skinny
29/1/2018
15:27
From their proposals (post #42) probably new shares.
jonwig
29/1/2018
15:03
Fully invested now. Strong pipeline of deals reported yet only £25m scheduled for repayment in the next 12 months. Does that mean we can expect either more borrowings or a placing? Expanding the size of the fund by issuing shares at a premium seems an obvious step
makinbuks
23/8/2017
07:12
Proposals: https://www.investegate.co.uk/starwood-euro-real--swef-/rns/company-proposals/201708230700037147O/ The only immediately significant thing seems to be that they want to be able to issue up to 20% of shares (was 10%) without applying pre-emption rights.
jonwig
29/3/2017
07:19
Annual Report. I can't find anything to get excited (or bothered) about. The dividend policy seems to remain 6.5p. Http://www.investegate.co.uk/starwood-european-real-estate--swef-/eqs/annual-financial-report-year-ended-31-december----/20170329070001EPVIY/
jonwig
25/8/2016
06:36
Thanks - PHNX results at 7:00, hope they clarify on any negative rates effects. RQIH a long haul!
jonwig
24/8/2016
23:49
Yes, I'm still around. Don't post a huge amount although probably hold similar stuff to you. Have somne LBOW, Phoenix Group, Randall & Quilter, various Prefs..
stemis
24/8/2016
12:02
Yes, the market has accepted that. I think further new loans might be set at lower rates if current conditions persist. Unless, of course, SWEF moves into more risky areas or more mezzanine. LBOW, which I also hold, appears to be more conservative. PS. I haven't read much of you lately, or am I looking in the wrong place?
jonwig
24/8/2016
09:45
But the 6.5p is a cut from what they were paying last year - 7p
stemis
24/8/2016
07:34
H1 results today. Confirm dividends of 6.5p sustainable. I'm not altogether happy that they invested all the funds just raised in their largest (I think) single loan a mezzanine hotel group loan. They say an attractive rate and appear comfortable.
jonwig
12/8/2016
11:12
Today's placing - 70,839,398 New Ordinary Shares at an Issue Price of 103.05 pence per Ordinary Share raises £73 million before expenses.
dendria
28/7/2015
07:27
Quarterly summary. Lots of encouraging stuff happening, but ... As outlined above, the Company's pipeline of investments under review is of a size that the Board is also considering publishing a prospectus in order to implement a 12 month placing programme. This would allow the Company to raise additional equity capital as needed for making further investments. http://www.investegate.co.uk/starwood-euro-real--swef-/rns/quarterly-factsheet-publication/201507280700081919U/ They can issue up to 200m new shares without applying pre-emption rights (against current total 262m). Maybe they intend just that, in which case the share price looks stuck!
jonwig
22/7/2015
07:04
The market didn't like the increase in issue size from about 14m to 23.8m shares (announced at 3:30 yesterday). But they got it away, and the combined NAV per share is probably just over 100p after the issue. They have a programme to issue up to 200m new shares, so this is only the start, and they might want to get a move on as the facility expires at the 2016 AGM unless renewed. Are they over-egging this?
jonwig
20/7/2015
09:47
Ref davebowler's link. I've set up a thread for UKML http://uk.advfn.com/cmn/fbb/thread.php3?id=34252887&fav=add Gone straight to a 6% premium to placing price.
stemis
20/7/2015
09:37
Yes, seems an odd time to be reducing interest return expectations just as interest rates seem to be on the turn. I can't believe a rise in base rates to, say 2%, wouldn't have some beneficial impact on SWEF's income.....
stemis
20/7/2015
07:18
Placing announced for up to £15m in new shares. (Maybe 14m shares?) Existing number of shares is 238m. Dividend target for 2016 reduced to 6.5p owing to increased competition for loans. Does this factor in a possible 25 bps interest rate rise? http://www.investegate.co.uk/starwood-euro-real--swef-/rns/place-of-up-to--15million-of-new-ord-shares/201507200700074175T/
jonwig
08/5/2015
13:52
hxxp://www.investmentweek.co.uk/investment-week/news/2407392/twentyfour-targets-gbp200m-for-uk-mortgages-trust-launch?utm_term=&utm_content=TwentyFour%20targets%20%C2%A3200m%20for%20UK%20Mortgages%20trust%20launch&utm_campaign=IW.Daily_RL.EU.A.U&utm_medium=Email&utm_source=IW.DCM.Editors_Updates
davebowler
29/4/2015
10:47
Jonwig - no I wouldn't be worried but it may make investors think before buying at the current price. Had the loans been longer term then it would be more attractive. Having said that interest rates may one day increase making it easier to maintain the current level of income.
salchow
29/4/2015
07:45
Latest factsheet has some interesting comments on sustainability of 7p dividend payout. If the dividend couldn't be held at 7p for any of the reasons mentioned, that wouldn't worry me unduly! http://www.investegate.co.uk/starwood-euro-real--swef-/rns/quarterly-factsheet-publication/201504290701226135L/
jonwig
28/4/2015
08:22
Its been a bit of a wait, but they have made it to a annualised 7p dividend. "Starwood European Real Estate Finance Limited (the "Company") has declared a dividend in respect of the period from 1 January 2015 to 31 March 2015 of 1.75 pence per Share, payable on 29 May 2015 to Shareholders on the register on 7 May 2015. The ex-dividend date will be 8 May 2015." http://www.investegate.co.uk/starwood-euro-real--swef-/rns/dividend-declaration/201504280700154474L/
scburbs
23/4/2015
17:45
LBOW issued its FY results today, all in line with targets - in particular, 6p dividends and senior loans. NAV was just shy of 100p. No unexpected issues. SWEF NAV announced today is 100.31p and annual payments are currently 6.8p. A slightly riskier loan profile (more mezzanine and proportion in euros) has been moved to a higher proportion of secured loans. In the results to 31/12/14 (issued 30/03/15), I couldn't find any potential problems in the portfolio analysis, though euro exposure needs watching. Happy to hold both.
jonwig
27/1/2015
09:57
1.7p for the quarter; up from last quarter's 1.5p.
stemis
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