PRICE ON 5 MARCH 2009 80p

OVER 150P

An amazing day today - anyone know why?

NAV 333p.ITS CHEAP.

333p would be very nice!

More good news for SMP:

Regeneration specialist, St. Modwen Properties is to partner Taunton Deane Borough Council in a 270m regneration of Firepool in Taunton. The scheme comprises 16.5 acres of brownfield land on which St. Modwen will develop 500,000 sq ft of office space and more than 400 homes, supported by leisure and retail accommodation.

Also in the region, St. Modwen has recently signed a Development Agreement to bring forward the 210 million regeneration of Skypark in Exeter. This development will comprise 1.4 million sq ft of office and industrial/manufacturing space and will be built on a phased basis over a 20 year period.

OVER 170p

Halfway to 333p then!

OVER 225P

It's a great ride at the moment!

I LOVE IT

I'm out today. Missed the "top" but still doubled my money in 6 weeks which I'm more than happy with. Good luck to all holders.

Share issue to raise gross proceeds of 107 million through the issue of 79,586,977 New Ordinary Shares by way of a Firm Placing and Placing and Open Offer at a price of 135 pence per New Ordinary Share, earlier today.

Begging Bowl out
- at 1.35 - quite a discount to sp . . . will this fix their Debt?
Sp down 20% on news, but the placing is still well below the current level.
However, the sp was "under 1 only" quite recently . . . .

BACK TO 190p

NAV slipped 20% to 266p.

OVER 245p

OVER 260p

St Modwen sees FY results at upper end of forecast

{ 8:00, Thursday 1 December 2011

(Reuters) - British real estate developer St Modwen Plc expects results for the full year to be at the upper end of its forecast on an uptick in demand for residential properties, and said it was confident of further growth in 2012.

The company, whose projects include the Elephant & Castle Shopping Centre and Discovery Court Business Centre in London, said its full-year results were likely to include profit of more than 20 million pounds from development activities.

"Demand for residential land remains robust, and we have made excellent progress in our housing development programme, both in joint venture with Persimmon (LSE: PSN.L - news) and under our own housebuilding arm, St Modwen Homes," Chief Executive Bill Oliver said in a statement on Thursday.

For the year ended November (Stuttgart: A0Z24E - news) 30, residential land sales were 72 million pounds, including 27 million to the Persimmon joint venture.

Earlier this year, St Modwen had signed a strategic joint venture with British builder Persimmon to develop 2,000 houses over seven sites.

Last month, Persimmon said the number of first-time buyers had risen over 35 percent, a welcome boost to the industry that has seen first-time buyers frozen out of the market by high-deposit requirements.

St Modwen shares, which have lost a quarter of their value in the last three months, closed at 104.5 pence on Wednesday on the London Stock Exchange (LSE: LSE.L - news) , valuing the firm at about 210 million pounds.

On a run

Over 170p