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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 - 16 Aug 2012 12:46 - 66 of 111

Excellent volume today and new 12 month+ high.

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

JRM - 16 Aug 2012 17:38 - 67 of 111

£2.20 nice. FTSE 250 is getting closer........

chuckles - 16 Aug 2012 18:22 - 68 of 111

Gutted :(

JRM - 29 Aug 2012 08:16 - 69 of 111

They should be a bit more stable now they're back in the FTSE 250

skinny - 29 Aug 2012 11:30 - 70 of 111

Blackrock Above 5%

skinny - 01 Oct 2012 07:08 - 71 of 111

Interim Management Statement

CONTINUED PROGRESS - EXPECTATIONS UNCHANGED

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, today provides an interim trading update for the period to 30 September 2012.

The Company is pleased to announce again that the business is performing well since the half year statement issued on 3 July 2012. The revenue stream arising from our residential portfolio and major projects is experiencing strong growth and as a result of our regional teams' intensive asset management capability, our net rental income continues to more than cover the running costs of the business. Consequently, our profit outlook for the full year remains unchanged, building on the very strong results produced in the first half of 2012.

skinny - 03 Dec 2012 07:59 - 73 of 111

Trading Update

RESULTS TO BE IN LINE WITH MANAGEMENT'S EXPECTATIONS

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, today provides a trading update for the financial year ended 30 November 2012.

Since the interim management statement issued on 1 October, the Company can confirm continued good performance of the business, driven by its robust business model and ability to add value to its portfolio via planning gains and intensive asset management. As a result, St. Modwen's expectations for the full year remain unchanged, building on the strong results produced in the previous financial year.

skinny - 24 Dec 2012 11:23 - 74 of 111

Norges Bank above 3%

skinny - 07 Jan 2013 07:08 - 75 of 111

Contract signed for New Covent Garden Market

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, and its joint venture partner VINCI PLC have signed a contract with the Covent Garden Market Authority ("CGMA") to be the development partner for the New Covent Garden Market site in Central London. The landmark multi-phased project has a gross development value of around £2 billion and will entail the rationalisation and master planning of the entire 57 acre site situated next to Vauxhall Cross, Nine Elms.

skinny - 05 Feb 2013 07:11 - 76 of 111

Final Results

Financial Highlights

· Shareholders' NAV up 8% to 251p per share (Nov 2011: 232p per share), and EPRA NAV up 9% to 272p per share (2011: 250p per share)
· Profit before all tax £52.8m (2011: £51.7m)
· Realised property profits up 22% to £29.0m (2011: £23.8m)
· Net rental income continues to grow to £36.2m (2011: £35.5m)
· 12% increase in net trading profit to £25.5m (2011: £22.8m)
· Gearing at year end of 71% (2011: 73%) and completion of a successful £80m retail bond issue providing substantial headroom in facilities
· Final dividend for the year increased by 10% to 2.42p per share, providing a total dividend for 2012 of 3.63p

Operational Highlights

· Valuation gains of £48m (2011: £33m) generated through active asset management and planning gains, offsetting £20m market driven valuation loss (2011: £1m profit)
· Continued positive outlook for residential land with London residential transactions driving valuation gains
· On track to deliver target of shareholder equity NAV of 300p per share by November 2015
· £2bn regeneration of New Covent Garden Market signed, providing a major opportunity in Central London and considerable potential to add further upside to targetted NAV
· Swansea University £150m development to commence on site in H1 2013

skinny - 05 Feb 2013 07:14 - 77 of 111

Development Terms Agreed with Swansea University

ST. MODWEN AGREES TERMS TO DELIVER THE £150M FIRST PHASE OF SWANSEA UNIVERSITY'S SCIENCE AND INNOVATION CAMPUS

skinny - 07 Feb 2013 08:16 - 78 of 111

ANALYST AND INVESTOR SITE VISIT

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, will today host a site visit for analysts and investors at New Covent Garden Market, London. Together with a tour of the area, the visit will include presentations on New Covent Garden Market, Swansea University and the Company's recently announced full year results to 30 November 2012. No new material information will be disclosed in the presentations.

The presentations will be available shortly on St. Modwen's website at: www.stmodwen.co.uk

skinny - 26 Feb 2013 07:11 - 79 of 111

Proposed Placing

St. Modwen announces today its intention to place up to 20,016,057 new ordinary shares of 10 pence each in the capital of the Company (the "Placing").

St. Modwen is the UK's leading regeneration specialist. The Group operates across many sectors of the property market, via a network of seven offices and a residential business and through joint venture or collaboration arrangements with public sector and industry-leading partners. The Group's £1.1bn property portfolio and its actively managed land bank of development opportunities comprising more than 5,800 developable acres are located in the UK. The Group is focused wholly upon regeneration and the long-term development of commercial and residential property, and has a 25 year track record of adding value by managing schemes through the planning process, remediating contaminated land and pursuing an active programme of asset management and development.

skinny - 26 Feb 2013 16:24 - 80 of 111

RESULTS OF PLACING

St. Modwen is pleased to announce the successful completion of the placing announced earlier today (the "Placing").

A total of 20,016,057 new ordinary shares of 10 pence each in St. Modwen (the "Placing Shares") have been placed by J.P. Morgan Securities plc (which conducts its UK investment banking business under the name J.P. Morgan Cazenove) ("JPMC") and Numis Securities Limited ("Numis") (together, the "Joint Bookrunners") at a price of 245 pence per Placing Share, with existing and new institutional investors, raising gross proceeds of approximately GBP49 million. The Placing Shares represent approximately 9.99% of the issued ordinary share capital of the Company prior to the Placing.

skinny - 11 Mar 2013 10:34 - 81 of 111

Numis Add 258.40 257.00 259.00 280.00 Downgrades

skinny - 09 Apr 2013 07:08 - 82 of 111

Interim management Statement

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, is pleased to announce that the business has continued to perform well since the start of the financial year with profits and cash flows in line with our expectations.

We have completed two important milestones in the period; first, the share placing announced on 26th February 2013 which raised gross proceeds of £49m, which will allow us to exploit the potential of the development at the New Covent Garden Market site in Nine Elms, London without the need to increase the debt leverage on the Company's balance sheet, thereby enabling the Company to use its existing resources to deliver our other major pipeline projects. Secondly, our development agreement with Swansea University for the provision of the first phase of its £450m new Science and Innovation Campus has been signed and is now unconditional.

Residential Business
Our residential business is performing strongly with good ongoing demand for our land. We continue to secure predominantly residential-led planning consents across our land bank, whilst works are progressing well across all of our live residential sites.

Good sales rates are being achieved and future profit from residential development remains in line with the expectations set out as part of our 2012 results announcement. The Government's new equity loan scheme, 'Help to Buy', launched in the recent Budget, opens up the opportunity for a wider range of prospective purchasers to get onto the property ladder. At our residential sites across the UK we have already seen the advantages that such schemes can have and we will be introducing Help to Buy across our St. Modwen Homes sites which are priced under the £600,000 threshold.

Commercial Land and Development
As announced on 20th March, we have now signed the development agreement with Swansea University to deliver the first phase of its £450m new Science and Innovation Campus. At the same time, we completed the sale of income from the student accommodation to the M&G Secured Property Income Fund, advised by PRUPIM, for £32m. The completion of the two transactions means that our agreement with Swansea University is now unconditional and that the project is now fully funded. We plan to start on site with the development of this transformational project in May.

In addition to Swansea University, our ongoing projects for 2013 and beyond continue to progress well. In May 2013, we are due to complete the first phase of the £70m Town Centre at Longbridge which includes an 80,000 sq ft food store pre-sold to Sainsbury's, a 75 bedroom Premier Inn, Beefeater Grill, 24 shops, restaurants and circa 35,000 sq ft of offices. Of this total space, 75% is now either pre-sold, pre-let or under offer. In addition, it is expected that a planning application will be submitted towards the end of this year for the redevelopment of New Covent Garden Market, after which planning consent is anticipated in Winter 2014.

Resilient Rental Income
Our income producing portfolio remains resilient, and our experience and expertise in both retail and commercial lettings for secondary and tertiary accommodation is allowing us to maintain our income streams.

Financing
Further to our retail bond issue in October 2012, we continue to diversify our sources of funding. This and the success of the recent share placing demonstrate the confidence from both existing and new investors in our ability to create long-term value from our regeneration and development activities.

Our cash flows and debt levels remain in line with our expectations and we have a sound financial base with significant headroom on existing banking facilities extending to at least November 2014.

skinny - 13 May 2013 15:08 - 83 of 111

Numis Add 308.50 280.00 - Retains

skinny - 03 Jun 2013 07:13 - 84 of 111

Trading Statement

ST. MODWEN SEES CONTINUING STRONG PERFORMANCE ACROSS THE BUSINESS

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, today provides a trading update for the six months to 31 May 2013. The Company can confirm that the business has continued to perform strongly since the interim management statement issued on 9 April 2013, with profits and cashflows remaining consistent with management expectations.

Notwithstanding a challenging marketplace, initial indications point to positive market valuations for the first half of the year compared with H1 2012. We also expect our ongoing asset management and added value actions to be reflected well in the half year valuations.

Management outlook for our profit before all tax is therefore expected to be in line with H1 2012.

skinny - 14 Jun 2013 09:59 - 85 of 111

Looking quite good this morning.

SMP18month_zps181449e9.gif
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