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The secret builder etc! (SMP)     

JRM - 13 Jan 2012 12:43

I like these!

They hit the floor when relegated from the FTSE 250 but they are starting to make some very nice noises! - Debt refinanced, trading good etc.

Their resuts are only 3 weeks away perhaps things will get exciting

skinny - 27 Jan 2012 12:48 - 15 of 111

Looking up again - but (again) volume minimal.

Chart.aspx?Provider=EODIntra&Code=SMP&Si

JRM - 27 Jan 2012 14:37 - 16 of 111

Crucial turning point - £1.20?

skinny - 31 Jan 2012 12:09 - 17 of 111

Starting to look quiet interesting - results next Tuesday (7th).

halifax - 31 Jan 2012 13:57 - 18 of 111

skin mms seem to be pushing the sp up on very small volume?

skinny - 31 Jan 2012 16:42 - 19 of 111

Yes, although looking at the charts above, its never really had regular high volumes.

Anyway, still moving in the right direction - lets see what the 7th brings.

skinny - 01 Feb 2012 12:38 - 20 of 111

Through 130 atm - still minimal volume.

JRM - 01 Feb 2012 12:57 - 21 of 111

Nice wish I'd bought mor. AHHHHHHHH!

Chris Carson - 01 Feb 2012 15:02 - 22 of 111

Stop to entry for risk free trade.

Mega Bucks - 01 Feb 2012 15:40 - 23 of 111

stops moved up to lock in more profit,looking for more before the results.

skinny - 01 Feb 2012 15:51 - 24 of 111

Just quoted 131.25 to sell so hopefully a bit more to come.

Chris Carson - 02 Feb 2012 10:24 - 25 of 111

Stop to 125.0 to lock in + 8.0

Chris Carson - 03 Feb 2012 14:14 - 26 of 111

Stop to 129.0 to lock in + 12.0

skinny - 06 Feb 2012 09:42 - 27 of 111

Eyes down - finals tomorrow.

JRM - 06 Feb 2012 11:12 - 28 of 111

I hope they'll be ok. However I've only a small amount in them, so...........

Chris Carson - 06 Feb 2012 13:54 - 29 of 111

Stop to 135.0 to lock in + 18.0

JRM - 06 Feb 2012 14:02 - 30 of 111

I'LL RISK IT!

It's not long since IC said Buy at 1.80!

Chris Carson - 06 Feb 2012 16:19 - 31 of 111

Out @ 142.0 + 25

skinny - 06 Feb 2012 16:25 - 32 of 111

Maybe a shrewd move Chris.

Chris Carson - 06 Feb 2012 17:01 - 33 of 111

Wont lose any sleep over it either way skinny :O)

skinny - 07 Feb 2012 07:02 - 34 of 111

Final Results.

Financial highlights

-- Profit before tax up 34% to GBP50.4m (2010: GBP37.5m).
-- Shareholders' NAV up 9% to 232p per share (2010: 213p per share), and EPRA NAV up 9% to 250p per share (2010: 229p per share).

-- Realised property profits up 9% to GBP23.8m (2010: GBP21.9m)
-- Net rents up 5% to GBP35.5m. (2010: GBP33.7m).
-- Valuation gains of GBP34m (2010: GBP23m) in a flat market, of which GBP33m (2010: GBP18m) of these gains were driven by active management and planning gain.

-- Gearing at year end of 73% (2010: 72%). All corporate on-balance sheet facilities extended until at least 2014.

-- Terms agreed for new five year debt facilities on KPI joint venture.
-- Dividends for the year increased 10% to 3.3p per share.
Operational highlights

-- Secure development programme for 2012 with commercial developments already on site to deliver in excess of GBP15m profit in 2012.

-- Positive outlook for residential land with good levels of housing sales already achieved and strong on-going demand.

-- Excellent relationship with principal partners Persimmon, Vinci and Salhia: well placed to deliver growing returns in 2012 and beyond.

-- Substantial future pipeline in place, with significant opportunities emerging at:
o Elephant & Castle

o Swansea University

o Longbridge

o Project MoDEL
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