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

Trading Update

CONTINUED 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(st) May 2014. The business has continued to perform strongly since the interim management statement issued on 28(th) March 2014, with a growing pipeline of development opportunities, and profits and cash flows in line with our expectations.

The Company expects its ongoing asset management and added value activities to be reflected positively in the half year valuations. In addition, initial indications point to an uplift in market valuations for the first half of the year compared with November 2013, reflecting the ongoing improvement in the residential and commercial property markets across the UK.

Management expectations for the full year are unchanged, with profits before tax in the first half of the year anticipated to be significantly ahead of the first half results for 2013.

Portfolio update

Momentum continues to build across all of our major projects. In particular, last month, we submitted the planning application for the redevelopment of the 57 acre New Covent Garden Market site in Nine Elms, London. Subject to the receipt of planning consent, development of the new market will commence in 2015.

Across our income producing portfolio, we are seeing a continued increase in enquiries and occupancy levels remain high, providing further evidence of the returning confidence to the regional commercial property sector.

The St. Modwen Homes and the Persimmon joint venture sites continue to experience strong sales rates and we are seeing increasing demand for our residential land from housebuilders looking to increase their sales outlets across the UK.

Finance

In February, we successfully launched an offering of GBP100m of unsecured Guaranteed Convertible Bonds due 2019. The proceeds of the bond have been used to repay existing debt, enhancing our ongoing drive to grow the Company's business, including its increasingly active development and housebuilding pipeline. These benefits are now being reflected in the balance sheet.

We are in the process of renewing our bank debt facilities and will continue, as part of our long-term strategy, to increase the diversity and longevity of our funding portfolio. We have substantial headroom in our facilities and our cash flows and debt levels, which we continue to monitor closely, remain in line with our expectations.

Bill Oliver, Chief Executive, St. Modwen, commented:

"As predicted at the full year, we are now witnessing a sustained improvement in the residential and commercial marketplace. Alongside our active programme of adding value through intensive asset management, we continue to secure opportunities across our portfolio to unlock value from our land bank through land sales and by development, thereby taking full advantage of current market conditions.

"This activity, supported by the ongoing optimism in the commercial and the residential marketplace, points to a positive outlook for St. Modwen, both in terms of profit and future net asset value growth."

-ENDS-

Interims 1st July.

Half Year Results

Financial Highlights - excellent increased returns
- 32% increase in profit before all tax to £51.3m (H1 2013: £38.8m)
- 6% increase in shareholders' equity NAV per share to 294.2p (Nov 2013: 278.8p per share) and EPRA NAV up 6% to 314.4p per share (Nov 2013: 297.7p per share)
- Realised property profits of £19.1m (H1 2013: £16.1m)
- Net valuation gain of £35m (H1 2013: £23m) comprising added value gains generated by the Company of £16m (H1 2013: £18m) and market driven valuation gains of £19m (H1 2013: £5m)
- Launch of £100m convertible bond in February 2014 and refinancing of debt portfolio, extending average life to 4.2 years (Nov 2013: 2.5 years) and reducing weighted average cost of debt to 5.1% (Nov 2013: 5.6%)
- 10% increase in interim dividend to 1.463p per share (H1 2013: 1.33p per share)

Operational Highlights - major projects gathering momentum alongside growth in commercial property sector
- Increasing commercial development pipeline across the UK reflecting the gradual, overall improvement of this market
- Good progress made across all major projects:
o New Covent Garden Market - submission of a planning application in May 2014 for the redevelopment of the New Covent Garden Market site
o Swansea University, Bay Campus - next phase of the £450m campus now agreed with Swansea University, comprising an additional 545 student apartments. Delivery of the first phase progressing extremely well and is on target for the scheduled completion in September 2015
o Longbridge, Birmingham - a resolution to grant planning permission was secured on 26th June 2014 for the second phase of the Town Centre, comprising a 150,000 sq ft Marks & Spencer full-offer store and 45,000 sq ft of additional retail accommodation
o London residential sites - excellent sales rates continue to be achieved for both the Millbrook Park (RAF Mill Hill) and St. Andrew's Park (RAF Uxbridge) sites, demonstrating the favourable conditions in the London residential market.
- Positive outlook for residential land activity and good sales rates being achieved for both St. Modwen Homes and the Persimmon joint venture, with increasing demand at a growing number of sales outlets.

JP Morgan Cazenove Overweight 373.20 358.60 425.00 425.00 Reiterates

Liberum Capital Buy 373.20 358.60 432.00 432.00 Reiterates

Numis Buy 373.05 358.60 441.00 441.00 Upgrades

Interim Management Statement

Planning Granted for New Covent Garden Market Site

Trading Update

YEAR OF OUTPERFORMANCE UNDERPINNED BY REGIONAL MARKET RECOVERY

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, today provides a trading update for the financial year ended 30th November 2014.

Initial indications suggest that our full year results will reflect an uplift in property valuations, arising from both market driven movements in an improving regional market and our own value add development and asset management activities, which will exceed management expectations. Profit before all tax is therefore likely to be at the top end of market expectations.

We continue to be successful in securing planning permissions for our commercial and residential sites. This was most notably demonstrated by a resolution to grant planning from the London Borough of Wandsworth for the redevelopment of New Covent Garden Market in Nine Elms, London received in November 2014. We are now working towards concluding the Section 106 Agreement with the target of achieving unconditional planning status in the first half of 2015.

Activity across our commercial portfolio has accelerated this year as the regional market has continued to recover. We have a significant number of development projects now under construction across the UK, including over 1 million sq ft at Swansea University's Bay Campus and the 150,000 sq ft Marks & Spencer store at Longbridge, Birmingham.

Occupational demand continues to gather pace. This is clearly manifested by the performance of our well let income producing portfolio which is providing a strong revenue stream to underpin the running costs of the business.

The residential market has continued to perform well and overall profits from residential development remain in line with expectations set out at the half year. Demand for residential land is good and we continue to secure disposals above book value in London, across the South East and in the regions.

Having substantially restructured our debt portfolio at the half year and with positive net cash generation in the second half of the year, we remain in a strong position financially, approaching £200m of undrawn facilities in place.

Bill Oliver, Chief Executive of St. Modwen, commented:
"Our commitment to the UK regions is paying off, with good returns already being achieved as we continue to grow our active development portfolio with new commercial and residential opportunities, underpinned by the upturn in the regional property market.

"This, combined with our successes in the residential market and in London and the South East, leads us to anticipate record profits for St. Modwen for the 2014 financial year."

-ENDS-

Final Results

ST. MODWEN REPORTS RECORD PROFITS OF £138.1M
AND NET ASSET VALUE GROWTH OF 17%

Financial highlights
· 68% increase in profit before all tax to £138.1m (2013: £82.2m)
· Shareholders' NAV per share up 17% to 324.9p (2013: 278.8p), and EPRA NAV per share up 16% to 344.2p (2013: 297.7p)
· Earnings per share up 57% to 52.7p (2013: 33.5p)
· Property profits up 45% to £57.7m (2013: £39.8m)
· Debt portfolio fully refinanced with earliest maturity now 2018 and successful launch of £100m convertible bond
· Total dividend for the year increased by 15% to 4.6p per share (2013: 4.0p per share)

Operational highlights
· Overall valuation increase of £90m (2013: £42m), comprising gains of £32m (2013: £28m) as a result of planning and asset management initiatives and £58m market-driven valuation gain (2013: £14m)
· Significant milestones completed across all major projects:
o New Covent Garden Market - a resolution to grant planning was received in November 2014, unconditional status is targeted in the first half of 2015
o Longbridge, Birmingham - excellent progress has been made across the scheme with construction of the Marks & Spencer 150,000 sq ft new flagship store now well underway and on schedule to complete in time for Christmas 2015 trading
o Bay Campus, Swansea University - signed a Development Agreement with the University for an additional 545 student apartments and new student facilities. Forward sold 50% of the apartments to M&G Investments for the M&G Secured Property Income Fund for £20m
· Housebuilding activities delivered a 167% increase in residential profits to £24m (2013: £9m)

Bill Oliver, Chief Executive of St. Modwen, commented:
"This has been an exceptional year for St. Modwen and we have achieved significant progress across all of our major projects as well as increasing our active pipeline of commercial development opportunities to over 3m sq ft of space. The residential part of the business continues to perform well with good sales rates achieved throughout the year and we anticipate a sustained performance into 2015.

"Across the UK, we continued to grow the business, capitalising on the upturn in the regional property market and we look forward to continuing this level of success throughout the coming year."

New Covent Garden Market goes unconditional

VINCI ST. MODWEN AND CGMA COMPLETE DEVELOPMENT AGREEMENT FOR THE REGENERATION OF NEW COVENT GARDEN MARKET, NINE ELMS, LONDON

VINCI St. Modwen (VSM), the 50/50 joint venture between St. Modwen Properties PLC (LSE: SMP) and VINCI PLC, and its partner the Covent Garden Market Authority (CGMA), today announces that the commercial contracts and planning agreements for the regeneration of the 57 acre New Covent Garden Market in Nine Elms, London, have gone unconditional.

This landmark 10 year project, the largest in the Nine Elms regeneration area, will see the delivery of over 500,000 sq ft of new state-of-the-art market facilities across a 37 acre site which will house the 200 market businesses currently employing around 2,500 people. The remaining 20 acres of land will be transformed by VSM into:

- three high quality residential neighbourhoods comprising 3,000 new homes;
- 135,000 sq ft of office space; and
- 100,000 sq ft of retail, leisure and new community facilities, including shops, cafés and restaurants.

The entire scheme, situated in Zone 1, will be set alongside a new linear park for the area, parallel with the river and stretching from Vauxhall to Battersea Power Station via the new American and Netherlands Embassies. This transformational project will also benefit from the extension of the Northern Line and the opening of two new tube stations, resulting in the majority of people who live and work in the area being within a five minute' walk of a tube station.

The main construction enabling works to the new market are scheduled to start in the Summer 2015.

Bill Oliver, Chief Executive, St. Modwen and director of VSM, said: "This latest milestone enables the start on site of this major transformational project which is central to the Nine Elms Regeneration area. It will deliver a substantial positive economic impact in terms of employment, housing, and investment for London."

Bruno Dupety, Chairman and Chief Executive of VINCI PLC and director of VSM, said: "We are looking forward to starting on site to get this exciting project underway. It will transform this area of central London for those who live and work there, in particular the market facilities."

-ENDS-

Notification of Major Interest in Shares

St. Modwen Properties PLC ("St. Modwen" or the "Company") announces that it has been notified that 2,549,746 existing ordinary shares of 10 pence each in the Company ("Ordinary Shares") have been sold by the Leavesley family (the "Leavesley Family") at a price of 440 pence per share.

The Ordinary Shares in aggregate amount to approximately 1.15 per cent. of the issued share capital of the Company.

Following these disposals, the Leavesley Family will hold 13,447,099 Ordinary Shares representing 6.07 per cent. of the Company's issued share capital.

Trading Update

One of my core holdings SK. Great trading statement but was expected. Medium term target 475pDate of issue: 2nd June 2015


ST. MODWEN PROPERTIES PLC
("St. Modwen" or the "Company")

TRADING UPDATE

MAJOR PROJECT MILESTONE AND GROWING MOMENTUM IN REGIONAL PROPERTY MARKETS REINFORCES STRONG FIRST HALF

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, today provides a trading update covering its activities for the six months to 31st May 2015.

The business has continued to perform strongly since the annual results announcement in February 2015. This has been assisted by the sustained improvement in the regional property markets, both commercial and residential, and the results will be positively impacted by the Company having achieved unconditional status for the New Covent Garden Market regeneration project, at Nine Elms in London.

Management expectations for the full year are unchanged. Profits before tax in the first half of the year are anticipated to be significantly ahead of the 2014 first half results.

Bill Oliver, Chief Executive of St. Modwen, commented:
"As anticipated at the full year, we are now taking full advantage of the market recovery and are focusing our efforts on delivering commercial and residential development in the regions and progressing our major projects. The highlight of the period has been the achievement of unconditional status for the New Covent Garden Market project in April, which will have a major impact on the half year valuations. Cumulatively, this all points to a positive outlook for the Company, both in terms of profit and net asset value growth, and a record set of half year results."
-ENDS-

Half Year Results for the six months to 31st May 2015

ST. MODWEN DELIVERS 306% INCREASE IN HALF YEAR PROFITS TO £203.1M

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, announces its half year results for the six months to 31st May 2015.

Financial Highlights
- 306% increase in profit before all tax to £203.1m (H1 2014: £50.0m)
- 21% increase in NAV per share to 394p (Nov 2014: 325p) and EPRA NAV per share up 25% to 427p (Nov 2014: 342p)
- Earnings per share up 281% to 75.4p (H1 2014: 19.8p)
- Initial recognition of New Covent Garden Market (NCGM) contributes £128.0m to net valuation increase of £170.2m (H1 2014: £33.7m)
- Realised property profits of £41.3m (H1 2014: £19.1m)
- 30% increase in interim dividend to 1.9p per share (2014: 1.463p per share)

Operational Highlights
- Major projects reaching significant milestones:
o NCGM - unconditional status achieved on 57-acre Nine Elms site in April 2015, with project now included on balance sheet
o Swansea University, Bay Campus - initial development phases on schedule to complete, ready to welcome first students in September 2015
o Longbridge - 150,000 sq ft Marks & Spencer store on track to open in November 2015
- Commercial property development pipeline delivers strong flow of profits
- Continued activity across the residential market, with good sales rates achieved across the Persimmon joint venture and for St. Modwen Homes, with continued housebuilder appetite for residential land

Bill Oliver, Chief Executive, St. Modwen said:
"These record-breaking results are underpinned by the growth in the UK property sector and are testament to our continued belief in the regional marketplace and our long-term approach to regeneration as a whole. They are positively supported by our three major projects reaching significant milestones in the period. Most notably the New Covent Garden Market site in Nine Elms, London reached unconditional status in April.

"We continue to increase our levels of both residential and commercial development and to add further value to our major projects and our broader £1.5bn property portfolio, delivering maximum returns for the business and for our shareholders."

TRADING UPDATE


STRATEGIC REVIEW HIGHLIGHTS GROWTH AREAS FOR ST. MODWEN
AS BUSINESS CONTINUES TO DEMONSTRATE RESILIENCE

St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, today provides a trading update for the six months to 31st May 2017.

Overview

Since the start of the financial year, St. Modwen's diverse portfolio and wider business has continued to perform in line with the Board's expectations, demonstrating resilience in the face of broader market uncertainties.

Additionally, following a six month strategic and portfolio review, initiated by Chief Executive Mark Allan, the Company is today hosting a Capital Markets Day for investors and analysts in London that will include presentations on Group strategy. The review has highlighted the significant opportunity to build on existing strengths and the scale of potential within the Group's asset base. It has established four strategic objectives against which future performance and direction will be reported:

i. accelerating commercial development activity;
ii. growing our residential and housebuilding business;
iii. cementing and growing our regeneration reputation; and
iv. portfolio focus and capital discipline.

A copy of the presentation accompanying the Capital Markets Day will be available on the Company's website later today.

Commercial development activity

Commercial development activity is proceeding in line with expectations, with good ongoing levels of occupier demand across the UK for both new and existing commercial space, particularly in the industrial and logistics sector where rents have remained robust. Various development completions and sales and lettings mean that development profits for the first half are likely to be in line with expectations and ongoing positive demand means that the outlook for the full year is similar.

In the medium term, our commercial development pipeline is concentrated on the industrial and logistics sector, which accounts for approximately 70% of opportunity by value. In addition to progressing existing developments on site, our focus has been and will remain on, bringing forward these further opportunities in a timely manner.

Residential activity

The UK housebuilding market has remained resilient to date in 2017, particularly in the regions, with continued robust demand for new homes delivered by the Group's housebuilding business, St. Modwen Homes, together with good levels of ongoing demand from third party housebuilders for 'oven ready' land for development.

St. Modwen Homes is currently active on 16 sites across the UK, three of which were launched this year including a scheme of 85 homes at the Group's St. Andrew's Park development in Uxbridge, Greater London. Sales volumes in the first half are expected to increase by approximately 15% over the same period last year, with the associated growth in profits at least offsetting the lower profits from the Persimmon JV as its activity levels reduce, in line with plan. We have also continued to build on our brand and reputation, recently being awarded with a 5* customer service and quality award from the Homebuilders Federation (HBF).

In response to ongoing appetite from third party housebuilders we have continued to agree and complete sales of residential land for prices at or above book value. Over the last six months, including our share of joint ventures, we sold or agreed for sale 35 acres of land representing 500 units for proceeds of £17m.

We continue to pursue selectively high quality acquisition opportunities and have recently signed a development agreement to deliver a new 227-acre community including 1,500 homes in Wantage, South Oxfordshire. St. Modwen Homes will deliver up to half of the homes, with the remaining development plots awarded in tranches and sold to other housebuilders. The entire site benefits from outline planning consent and St. Modwen Homes has now submitted a detailed planning application for the first phase of 150 homes for which, subject to planning, we anticipate starting on site in the summer 2017.

Internal value creation

We continue to drive ongoing value creation by both progressing our sites through planning and continuous asset management. Highlights include securing planning permission for a 677,000 sq ft industrial development at a 35-acre site in Tamworth, Staffordshire for which we anticipate the first phase of works to start on site in the second half of the year.
We have also renegotiated a number of leases across our industrial portfolio, achieving good levels of rental growth, including new leases at two major sites in the Midlands.

Investment portfolio and net debt

We anticipate continued resilience throughout the first half in both our industrial and logistics income generating portfolio and our student accommodation assets, reflecting robust yields and modest rental growth as a result of the strength of ongoing occupier demand in both sectors. Conversely and as previously flagged, we expect to see some valuation weakness in our retail portfolio across 2017 as inflation puts pressure on consumer spending. The residential land market remains healthy, evidenced by our ongoing sales activity at or above book value.

During the first half of the year our investment activities, comprising both ongoing development capital expenditure as well as site acquisitions, exceeded proceeds from asset sales and as a result net debt is expected to increase by approximately £85m over the six months. Debt levels in the second half are anticipated to fall as a result of ongoing sales activity. In particular, we are continuing to progress the sale of the Nine Elms square site at New Covent Garden Market and have also now taken the decision to pursue the disposal of our student accommodation assets at the Bay Campus, Swansea University to take advantage of the strong investment demand for student housing.