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 Shares Traded Last Trade
  0.00 0.0% 91.20 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
90.40 92.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 27.96 6.99 13.0 377
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 91.20 GBX

Starwood European Real E... (SWEF) Latest News

Starwood European Real E... News

Date Time Source Headline
18/6/202116:21UKREGSWEF: Director Notification
18/6/202107:00UKREGSWEF: May 2021 NAV
16/6/202107:00UKREGSWEF: Result of AGM
21/5/202107:00UKREGSWEF: April 2021 NAV
19/5/202110:59UKREGSWEF: Director Notification
19/5/202107:00UKREGSWEF: Update on arrangements for the Annual General Meeting
14/5/202112:55UKREGSWEF: Holdings in Company
27/4/202116:26UKREGSWEF: Holdings in Company
23/4/202108:29ALNCIN BRIEF: Starwood European Real Estate closes GBP26.6 million loan
23/4/202107:00UKREGSWEF: March 2021 Fact Sheet
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Starwood European Real E... Investors    Starwood European Real E... Takeover Rumours

Starwood European Real E... (SWEF) Discussions and Chat

Starwood European Real E... Forums and Chat

Date Time Title Posts
23/4/202114:29Commercial Real Estate Debt - 7% Yield62

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Starwood European Real E... Daily Update: Starwood European Real Estate Finance Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SWEF. The last closing price for Starwood European Real E... was 91.20p.
Starwood European Real Estate Finance Limited has a 4 week average price of 89p and a 12 week average price of 84.40p.
The 1 year high share price is 94p while the 1 year low share price is currently 83.60p.
There are currently 413,219,398 shares in issue and the average daily traded volume is 192,472 shares. The market capitalisation of Starwood European Real Estate Finance Limited is £376,856,090.98.
speedsgh: Dividend to be re-based to 5.50p per annum from 2021... Q2 2020 Factsheet - HTTPS:// CURRENT AND FUTURE DIVIDEND On 23 July 2020, the Directors declared a dividend in respect of the second quarter of 1.625 pence per Ordinary Share, equating to an annualised 6.5 pence per annum. This was covered 0.95x by earnings excluding unrealised FX gains. We expect the dividend cover to reduce to approximately 0.87x during the second half of the year following the repayment and amortisation received in the second quarter. The Board and Investment Adviser recognise the importance of stable and predictable dividends for our shareholders. Accordingly, we hold a dividend reserve built up over several years which we have been using to maintain the annual dividend at 6.5 pence per share over the last eighteen months even though the dividend has been uncovered by earnings more recently. As a result of this reserve, dividends have not therefore been paid out of capital reserves. The Company intends to continue to use the remaining reserve to maintain the annual dividend at 6.5 pence per share for the rest of 2020 which will leave a small reserve remaining. In the period since the Group’s inception, the Bank of England base rate has reduced from 0.50 per cent to 0.10 per cent. The average 5 year GBP swap rate from inception to year end 2019 was 1.16 per cent, compared to 0.13 per cent at 30 June 2020 representing a fall of over 1 per cent on the average. At inception LIBOR / EURIBOR might have contributed up to 10 per cent of the company’s underlying return profile, today it makes up less than 1 per cent. In light of the declining interest rate environment, from 1 January 2021 the Group intends to reduce the dividend target to 5.5 pence per annum (payable quarterly) which, in the Board and the Investment Adviser’s view, is a more sustainable level of dividend which should be fully covered by earnings whilst ensuring we maintain our strong credit discipline whilst managing risk. On the share price at 30 June 2020, a dividend of 5.5 pence per annum represents an attractive 6.4 per cent dividend yield.
makinbuks: Nothing out of the ordinary and paid for of course, but good to see the managers trying to cut the discount with this article and the share buyback scheme underway
jonwig: 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: Proposals: 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: Annual Report. I can't find anything to get excited (or bothered) about. The dividend policy seems to remain 6.5p. Http://
jonwig: 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?
dendria: 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.
jonwig: 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. 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: 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: 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?
Starwood European Real E... share price data is direct from the London Stock Exchange
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