TOPPED Yesterday on limit..
Re: Bad markets Difficult to understand that SMP is trading on an PE less than 3.5!!!That said I attended last years AGM and got a bad gut feeling - just little things such as an overly arrogant manner from the directors - and sold.Even at these levels I feel hesitant to buy in cos there must be something not right.
Re: Results Ripley, is that topped up or top sliced???
Bad markets SMP, is slipping due along with the market.I have topped up today at sub £3.50 and feel that they are overdone. Nine Elms bad press of late I guess is built into the price to a certain extent, and if you look nationally they have a lot going on and in the pipeline.K.C.M.
Re: Results topped
Re: Results the only negative i have is the pathetic divi but surely that doesnt justify such a massive discount.Interesting to see Numis issued a positive note today and a target price of 535p which is 37% over todays price.Surely it should be 450 at the very least
Re: Results the pipeline is looking excellent - its a strong time for property and rental income - why is this share doing so poorly?
Results Stunning numbers again. How is this worth less than 400p a share ???????????Shame about Bill Oliver retiring but hes done an outstanding job
Re: Re: I think the SMP fallback is overdone, given the kind of estate these guys develop, and margins in brownfield being pretty good. But possibly out-of-town retail is seen as in a future decline post-Tesco as a consensus view? even though we can all afford the fuel a bit more nowadays!
Re: Took profit last year, limit on to buy some back on massive market fall back.
Nine elms no news updates ???
NEW ARTICLE: 2015 Fund Awards: Property "Best physical propertyLegal & General UK PropertyAfter a one year gap, FUND:L075:Legal & General UK Property has reclaimed the winner's trophy as the best property fund investing in bricks and mortar. This is the third time in four years that its ..."[link]
Re: NEW ARTICLE: Stockwatch: Upside more lik... Good reading
NEW ARTICLE: Stockwatch: Upside more likely for this share "How much upside for regeneration of UK regional land? A bullish trading update from developer LSE:SMP:St Modwen Properties, reveals continued strong performance helped by a sustained improvement in regional property markets. Is it sustainable ..."[link]
Interims Solid statement that interim profits will be significantly ahead of last year.Eps should be over 70p this year which gives a value of £6.30.I expect Eps to rise towards the 100p mark as the developments come on stream implying a share price heading toward £9.00All the best