Updates

Segro

November 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.

The pandemic’s acceleration of online sales to service locked-down households has played right into the hands of industrial landlord, Segro, which owns, manages and develops a valuable portfolio of urban warehouses in prime locations in London, the South East and major European cities.Segro’s interims for the period ended 30 June noted pretax profit rising 19% to £168m and eps up 10% to 13.8p, driven by strong occupier demand, new pre-let agreements and a 12% average uplift on rent reviews and renewals.NAV jumped 12% to 909p, thanks to a 10% portfolio revaluation driven by yield compression and rental growth, portfolio asset management and development activity.Net debt was unchanged at £3,092m, l ...

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Moonpig

Cake Box - Liberum upgrades price target to 450p

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

Segro - CEO buys shares (October 2023)

Segro (June 2022)

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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