Updates

Segro

April 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Property firm Segro has announced a placing to raise £450m to fund its development opportunities. The company, an owner manager and developer of large logistics warehouses, has a pipeline that ultimately could generate an additional £46m of headline rent once let and fully completed. Around £430m of future development capital expenditure has already been agreed or the group is in advanced discussions, while the pipeline has been de-risked through pre-letting mostly to blue chip tenants.This placing will mean Segro retains a strong balance sheet for other opportunities in a sector where demand currently far exceeds supply. We remain strong holders. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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