Share Name Share Symbol Market Type Share ISIN Share Description
Starwood European Real Estate 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% 109.00p 108.75p 110.00p - - - 4,504 12:02:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 25.3 7.6 14.3 408.77

Starwood European Real Estate Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
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
31/7/2014
12:44
I would think that with the loan syndication and re-investment expected to be completed in the second half of 2014, the first annualised 7p dividend will probably come in Q1 2015. Either way, at least we're nearly there...finally!
m1das_touch
31/7/2014
08:54
7p dividend close, but not clear whether they will start paying the quarterly equivalent thereof in Q4 2014 or Q1 2015. I assume they will pay a smaller dividend (perhaps 1.5p) in Q3 2014. "As noted above, the Group will be delivering a net portfolio yield of 6.9 per cent once the W hotel loan is substantially drawn. Based on the current syndication plans and deals in the pipeline to re-invest those proceeds the Company remains comfortable that it will be able to pay an annualised 7.0 pence dividend upon completion of the syndication and re-investment, expected to be completed in the second half of 2014." hxxp://www.starwoodeuropeanfinance.com/images/documents/June_2014_Factsheet.pdf
scburbs
01/7/2014
08:55
Fully invested now. Confirmation expected in 1 month as to whether they intend to pay a 7p annual dividend.
scburbs
06/6/2014
12:42
Yes, they're getting there, albeit painfully slowly! Happy to keep holding though and hopefully start collecting the full 7ish% yield on opening NAV before too long. Good portfolio diversifier in my view - seems to hold steady whatever the wider market is doing.
m1das_touch
06/6/2014
10:15
Excellent news as getting close to 90% committed. Running yield hopefully set to jump to around 6.25-6.5%. "Starwood European Real Estate Finance Limited (the "Company") announces that it has committed to provide a £27 million financing facility for an office building in Park Royal, West London. ... £22m of the available facility is expected to be drawn in early June. The Company has now made or committed to nine investments representing approximately 89% of net IPO Proceeds." http://www.investegate.co.uk/starwood-euro-real/swef/investment-update/201406060853060271J/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Starwood%20Euro%20Real%20Alert
scburbs
19/5/2014
13:43
Running yield up to 5.5% on 77% invested. "Following the closure of these loans, the Group has made investments representing approximately 77% of net IPO Proceeds and the Company is capable of delivering an annualised net portfolio yield of approximately 5.5 per cent on deals funded to date (after scheduled amortisation but prior to any other prepayments)." Expected to reach close to 100% invested by 30 June (seems rather ambitious based on recent pace). "A number of whole loan opportunities are currently in execution with several others at advance term sheet stage and based on these facts the Company remains confident of being substantially fully invested on the basis of completing two to three additional transactions within the second quarter of 2014." Good to see that the deal that took the fund to 77% invested is not being used by the manager to take extra fees, especially given the slow deployment. "Under the terms of the Investment Management Agreement, the calculation of the management fee is based on an adjusted Net Asset Value to exclude any cash balances until the date that 75% of the net IPO proceeds are invested. The Company has now invested 77% of net IPO proceeds and the Investment Manager is therefore entitled to charge a fee on the unadjusted Net Asset Value. However, it has been proposed by the Investment Manager that, notwithstanding the provisions detailed above, the percentage above which cash balances will be included in the calculation of Adjusted Net Asset Value shall be increased from 75% to 90%. The Board has accepted this proposal." http://www.investegate.co.uk/starwood-euro-real--swef-/rns/interim-management-statement/201405191218074664H/
scburbs
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