Updates

Segro

June 2022

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.

I previously took profits on two occasions, most recently last November when I said, “with long gilt yields likely to rise further next year, now seems a good moment to lock in more profits and leave the remainder in for free.” At that point, Segro was 1273p, more than double the 616p I paid in May ’18 and after spiking to 1440p, it’s fallen to 1113p. While long gilts have indeed risen since then (to 1.8% in the UK and 3% in the US), that wasn’t the reason for the pull-back. Instead investors have been spooked by Amazon’s comments of a slow-down in demand and implication that it has too much warehouse space. While Segro’s recent Q1 update was excellent (£25m new rents secured vs £18m Q1 ’21 and vacancy rate of 3.3% vs 4.4%), ...

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Michelmersh

Luceco

Segro - Urban warehousing owner enjoys strong pipeline of new developments (December 2024)

Segro - CEO buys shares (October 2023)

Segro (November 2021)

Segro (April 2021)

Segro - Gain to date: 55% (November 2020)

Segro - Gain to date:â€ˆ47% (February 2020)

Segro - Urban warehousing landlord could benefit from â€œNo Dealâ€ stockpiling (September 2019)

Segro (April 2019)

Segro (December 2018)

Segro - Strong lettings growth (June 2018)

Segro - Commercial property group boasts terrific chart (May 2018)

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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