Did people know that SMP had bought the land in longbridge that Rover is built on and rent it back to them. I suppose this could be bad in the short term because they will not get their rent but could be good for investors in the medium to long term. Can anybody shed more light on the situation.

bought it for 78 million apparently. i live not far from there if houses were ever or able to be built there it would be worth 3 or 4 times that.

Lets hasten the end, then.

What are they going to do with the site??

Kivver ... visited Rover last week and agree with you .... that land is worth a damn sight more than they paid for it if they can flatten the plant and sell it off for private housing.

been a nice steady rise for quite a while now. Could there be more to come ????

I wouldn't touch this share with a barge-pole!!!
You must be kidding kivver!!
What are you a ramper or something???
Whatever it is you're a bad one!

i cant be bothered! you need to get out more multiposter.

still looking good!

Rover situation should be sorted soon ... they applied for planning permission yet ?

Little news on developments at the moment but smp have been moving up nicely over the last year or so. Wish i had got in much earlier. I just wonder if it might get pulled down with the whole building sector. SMP has a high PE compared to most other similar stocks.

SMP has plans to develop part of the 400 acre site at Longbridge into a business park and perhaps as many as 4000 jobs could be created. Rover's new Chineese owner, Nanjing, will be increasing vehicle production. Is this a time to buy SMP shares?

LONGBRIDGE HAS STARTED.
NAV OF 371P