johnmason
- 26 Mar 2009 11:05
Can't make my mind up due to high level of short disclosures. Any advice appreciated
dreamcatcher
- 06 Jan 2013 09:46
- 7 of 12
MIDAS SHARE TIPS: Property developer Segro has tempting yield
By Joanne Hart, Financial Mail On Sunday
PUBLISHED:22:31, 5 January 2013| UPDATED:22:31, 5 January 2013
Established property developer Segro is our second recommendation. It owns the Slough Trading Estate, home to Ricky Gervais’s television hit, The Office.
Segro offers investors a six per cent dividend yield and the possibility of some real share price appreciation, too. The company is in the throes of change and the stock should respond as chief executive David Sleath delivers on his strategy.
Sleath took the helm in the summer of 2011 and has spent the past 18 months giving Segro a much sharper focus, concentrating on industrial property in or near key transport hubs, such as the Thames Valley,
Asset: The Office is set in Segro's Slough Trading Estate
Heathrow Airport, Ile-de-France – the region surrounding Paris – and the Rhine-Ruhr region in Germany.
Sleath is also disposing of non-core property in Britain and on the Continent and reinvesting the proceeds in his chosen areas.
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The company sold £505million worth of property last year and expects to complete further sales in 2013.
Brokers forecast a dividend of 15p for the year just ended, rising to 15.3p for 2013 and 15.5p the year after. Profits are expected to grow steadily as well.
Midas verdict: Sleath is determined to create one of Britain’s leading income-focused property companies and City supporters believe he is well-equipped to do so. The shares are trading at 251p and should reward yield-seeking investors. Buy.
hangon
- 06 Dec 2017 13:21
- 12 of 12
This doesn't attract much comment...I wonder why as the PE Ratio is fair and a modest dividend...?
Could it be the -40% change in ROCE?
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As an aside, can someone explain what these figures ( On the Right-hand column for any Quoted Co,) mean?..... I understand Shares in Issue, sp and Mkt Cap ( on the LH column )... but the others are less obvious in their "Underlying meaning". at least to me....To the extent I rarely consider them.
What I'd like to see is:- Unresolved Litigation, Cash at Bank -and- Pension Deficit . . . but no-one else seems to be bothered.... for any Co I mean...