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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Segro

April 2021

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.

  • Epic Code:
  • SGRO
  • Price:
  • 922p
Shares in Segro came within a whisker of hitting £10 for the first time, making for a nice return after I originally bought in May 2018 at 616p.It’s not hard to see the attractions for new buyers given that Segro owns, manages and develops urban warehouses in prime locations in London, the South East and major European cities and will surely benefit further as Covid-19 fuels existing trends for greater convenience and online retailing and galvanises increased demand for storage space.Full year results revealed a 10.8% rise in pretax profit to £296.5m for eps of 25.4p, while adjusted NAV rose a sparkling 16% to 814p due to a 10.3% increase in the portfolio’s value driven by asset management, development ...

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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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