Stenprop Share Discussion Threads

[oshy92] 12/6/2020 15:19

Short TV interviews with CEO, FD and Exec Property Director below: www.fmp-tv.co.uk/2020/06/12/stenprop-final-results-dividend-maintained-70m-cash/ (CEO) www.fmp-tv.co.uk/company/stenprop-investor-video/ (FD & Property Director)

[spectoacc] 12/6/2020 10:50

That collection rate is impressive, considering their large tenant base.

[playful] 12/6/2020 10:35

Particularly good and informative video presentation call with the company this morning. Key points for me: In the last week they received a record number of lease enquiries. They have a strong diversified income stream. The virus has focused attention on MLI in providing ecommerce growth opportunity. Targeting a total £500M MLI portfolio within two years. Noticeable increase in enquiries from Dark Kitchen operators hTTps://stenprop.com/media/2630/stenprop-march-2020-analyst-results-presentation-final.pdf I am buying more!

[playful] 12/6/2020 08:45

Considering the current environment, I feel they have done exceptionally well: -- Completed 197 new lettings / lease renewals in the MLI portfolio for an average contractual term in excess of four years and 19% ahead of the previous passing rent for each unit. -- On a like-for-like basis, the valuation of the total portfolio increased by 2.8% over the prior year. The like-for-like increase on the MLI portfolio valuation was 3.7%. -- Strong balance sheet at 31 March 2020 with GBP70 million of free cash and significant headroom for both interest cover and LTV loan covenants. Stenprop is well placed to cope with a prolonged period of uncertainty. -- At 31 May 2020, 82% of the portfolio's total rent invoiced and due had been received for the aggregate of the quarter commencing 25 March 2020 and the months of April and May 2020.

[playful] 10/6/2020 16:06

Up up and away we go!

[cwa1] 02/6/2020 14:08

Modest, gentle, recovery here. Let's hope it can keep going.

[cwa1] 29/5/2020 15:17

Well, eyes down and fingers crossed for the 12th NOTICE OF RELEASE OF FULL YEAR RESULTS 29 May 2020 Stenprop, the UK multi-let industrial ("MLI") property company listed on both the London and Johannesburg stock exchanges, will announce its financial results for the year ended 31 March 2020 on 12 June 2020. A webinar for investors and analysts will be held at 9.30am UK time and 10.30am (SA time) on 12 June 2020 via Zoom conference. For those wishing to join the webinar, please register prior to or on the day of the webinar

[nimbo1] 28/5/2020 15:38

this looks underpriced to me

[battlebus2] 23/4/2020 15:50

Good article on STP hTTp://www.adventurousinvestor.com/1767-watchlist-update-adding-stenprop-plus-peel-hunts-uk-equities-watchlist

[playful] 21/4/2020 21:51

You have to give them credit.. We have supplied to the NHS a list of all available units in our portfolio should they need space to store or distribute equipment and we have recently completed a short-term, rent-free letting to a food bank charity in Cardiff which has been supplying meals to NHS staff in the city.

[nickrl] 13/4/2020 14:48

C19 RNS needs to be updated to show what rent it took for Q2. Other industrials whilst faring better than retail, have been lower than i was expecting but on reflection SMEs are most likely to be cash strapped especially as accessing the loan support mechanism is proving to be a long winded affair.

[battlebus2] 26/3/2020 10:53

We may need to utilise that given this could be prolonged.

[playful] 26/3/2020 08:48

Very comforting… Stenprop remains a financially-sound business with a capital structure which is well placed to cope with a prolonged period of uncertainty.

[playful] 05/3/2020 17:56

Lovely news... This sale releases cash in excess of GBP46.7 million

[battlebus2] 25/2/2020 11:53

Not a large amount in the scheme of things

[cwa1] 25/2/2020 08:45

Director sale:- https://www.investegate.co.uk/stenprop-limited--stp-/rns/director-pdmr-shareholding/202002250800019556D/

[cwa1] 25/2/2020 08:45

Duplicate post

[playful] 13/2/2020 08:08

Good solid progress and all key metrics mostly going in the right direction… "Our MLI portfolio has delivered solid rental growth in the quarter providing further confirmation of the favourable supply and demand fundamentals of the sector. We are confident this will continue for the foreseeable future. We are seeking further MLI acquisitions as we progress with the sales of our non-MLI portfolio. We recently announced that we had exchanged contracts for the sale of our Bleichenhof property in Hamburg. When this transaction completes, the MLI component of our property portfolio will be approximately 56%. In addition, we will have the net sale proceeds available for more MLI acquisitions". hTtps://uk.advfn.com/stock-market/london/stenprop-STP/share-news/Stenprop-Limited-Portfolio-Update/81743084

[playful] 28/1/2020 23:17

Two companies are poised to move into our new units created at the former home of Thomas Cook in Peterborough. The new arrivals include cash and carry wholesaler Kepenek Foods,which has agreed a 10-year lease for space totalling 9,182 sq ft at Unit 12 at the park, which has enjoyed a £4.5 million revamp. htTps://www.peterboroughtoday.co.uk/business/new-arrivals-former-home-collapsed-thomas-cook-peterborough-1356267

[battlebus2] 22/1/2020 18:09

Thanks playful. Good to see.

[playful] 22/1/2020 17:37

We are all on the same page... Miton can’t get enough STP! hTTps://resources.mitongroup.com/srp/lit/7qwKRG/Fact-sheet_Miton-Global-Opportunities-Trust-plc-Miton-Global-Opportunities-plc-Ordinary-Shares_31-12-2019.pdf

[cwa1] 18/12/2019 12:45

Just for the record:- https://www.investegate.co.uk/stenprop-limited--stp-/rns/disposal-of-bleichenhof/201912181200013435X/ Shareholders are advised that earlier today, Kommanditgesellschaft Bleichenhof Grundstücksverwaltung GmbH & Co KG, a German partnership in which Stenprop holds a 94.9% interest (the "Seller"), entered into a transaction agreement (the "transaction agreement") for the disposal of the leasehold of the property known as Bleichenhof in Hamburg (the "Bleichenhof property") for a consideration of €160.15 million (the "disposal" or the "transaction"), as more fully described in paragraph 3 below and subject to the satisfaction or waiver of the conditions precedent set out in paragraph 4 below. The disposal is classified as a Category 1 transaction for Stenprop pursuant to the JSE Listings Requirements and requires the approval of Stenprop's shareholders. A circular (the "circular") incorporating the notice of general meeting will be posted to shareholders in due course.

[playful] 18/12/2019 12:16

Following todays news we can now expect they will go on a MLI shopping spree and achieve far better returns for shareholders.

[playful] 06/12/2019 15:02

Still ridiculously undervalued and once the transition is complete the growing income stream will make this an obvious T/O target and we’ll all be making off like bandits! 3.375p Interim XD 23/1 Payment 14/2