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St. Modwen Properties PLC (SMP.L)

SMP.L on London Stock Exchange

432.50GBp
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Volume
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434.50
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Latest Key Developments (Source: Significant Developments)

St. Modwen Properties Says FY Nav Per Share Up 4.3% To 470.4 Pence
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - St. Modwen Properties PLC ::ST. MODWEN PROPERTIES PLC - FY NAV PER SHARE UP 4.3% TO 470.4 PENCE (2017: 450.9 PENCE).ST. MODWEN PROPERTIES PLC -STATUTORY PROFIT FOR YEAR 60.5 MILLION POUNDS VERSUS 60.1 MILLION POUNDS.ST. MODWEN PROPERTIES PLC - FY TOTAL DIVIDEND FOR YEAR UP 13.1% TO 7.1 PENCE (2017: 6.28 PENCE).ST. MODWEN PROPERTIES - HY SOLD 49 ACRES OF RESIDENTIAL LAND TO THIRD-PARTY HOUSEBUILDERS FOR £53M WITH AT LEAST SIMILAR VOLUME OF SALES SEEN FOR 2019.ST. MODWEN PROPERTIES PLC - MEANINGFUL IMPROVEMENT IN RETURN ON CAPITAL EXPECTED AND POTENTIAL TO BROADLY DOUBLE ADJUSTED EPRA EPS IN MEDIUM TERM.ST. MODWEN - INVESTING £10M IN FORWARD ORDERING CONSTRUCTION MATERIALS IMPORTED DIRECTLY FOR 6 MONTHS OF PRODUCTION.ST. MODWEN - FRONT-WEIGHTED SALES TARGETS FOR YEAR IN ST. MODWEN HOMES, RESULTING IN 36% INCREASE IN PRIVATE ORDER BOOK VERSUS SAME POINT LAST YEAR.  Full Article

St. Modwen Properties Says FY Performance Is In Line With Expectations
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - St. Modwen Properties PLC ::ST. MODWEN PROPS - TRADING UPDATE: STRONG PROGRESS DURING 2018.ST. MODWEN PROPERTIES PLC - FULL YEAR PERFORMANCE IS IN LINE WITH OUR EXPECTATIONS..ST. MODWEN PROPERTIES PLC - EXTERNAL ENVIRONMENT REMAINS UNCERTAIN & OUTLOOK FOR PARTS OF UK PROPERTY MARKET IS CHALLENGING.ST. MODWEN PROPERTIES PLC - 2 SECTORS, INDUSTRIAL/LOGISTICS AND REGIONAL HOUSEBUILDING, CONTINUE TO SEE STRUCTURAL GROWTH.ST. MODWEN PROPERTIES PLC - EXCEEDED DISPOSAL TARGETS FOR 2018 "COMFORTABLY".ST. MODWEN PROPERTIES PLC - 2018 SALES VOLUMES INCREASED 22% TO 848 UNITS (2017: 694 UNITS).  Full Article

St. Modwen Properties Sells 82 Mln Stg Of Retail Assets
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - St. Modwen Properties PLC ::SALE OF £82M OF RETAIL ASSETS 3% ABOVE BOOK VALUE.DISPOSAL PRICE REPRESENTS A SMALL PREMIUM TO £70.2M BOOK VALUE OF ASSET AS AT NOVEMBER 2017.HAS COMPLETED SALE OF TWO SMALLER RETAIL ASSETS IN LIVERPOOL AND CANNOCK.  Full Article

St. Modwen Properties Names Danuta Gray As Chair Designate
Monday, 17 Sep 2018 

Sept 17 (Reuters) - St. Modwen Properties Plc ::APPOINTMENT OF DANUTA GRAY AS A NON-EXECUTIVE DIRECTOR AND CHAIR DESIGNATE WITH EFFECT FROM OCTOBER 1, 2018.  Full Article

St. Modwen Properties Says FY Expectations Unchanged
Tuesday, 5 Jun 2018 

June 5 (Reuters) - St. Modwen Properties PLC ::GOOD START TO 2018 AND EXPECTATIONS FOR FULL YEAR PERFORMANCE ARE UNCHANGED.OUTLOOK FOR TWO KEY SECTORS, INDUSTRIAL/LOGISTICS AND REGIONAL HOUSEBUILDING, REMAINS POSITIVE.  Full Article

St. Modwen Properties Says Sale Of 27 Pct Of Retail Portfolio
Wednesday, 9 May 2018 

May 9 (Reuters) - St. Modwen Properties PLC ::ST. MODWEN AGREES SALE OF 27% OF RETAIL PORTFOLIO.AGREED DISPOSAL OF TWO RETAIL ASSETS IN LONGBRIDGE, BIRMINGHAM AND WEMBLEY, LONDON VIA TWO SEPARATE TRANSACTIONS.COMBINED CONSIDERATION MARKS A 4% DISCOUNT TO LATEST BOOK VALUE OF ASSETS..  Full Article

St Modwen Properties Says ‍Non-Exe Chairman Plans To Step
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - St. Modwen Properties Plc ::NON-EXECUTIVE CHAIRMAN, HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN AT CO'S ANNUAL GENERAL MEETING IN MARCH 2019​.‍SEARCH FOR NEW CHAIR WILL COMMENCE SHORTLY WITH INTENTION THAT BILL'S SUCCESSOR BE APPOINTED LATER IN 2018​.  Full Article

St. Modwen Properties sees ‍full year results in line with expectations​
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - ST. MODWEN PROPERTIES PLC ::‍FULL YEAR RESULTS WILL BE IN LINE WITH EXPECTATIONS​.  Full Article

St. Modwen says HY EPRA NAV per share up 1.7 pct
Tuesday, 4 Jul 2017 

July 4 (Reuters) - St. Modwen Properties Plc :Interim dividend up 4.1 percent to 2.02 pence per share.Business continued its resilient performance across first six months of year, despite an uncertain market environment- CEO.HY EPRA NAV per share up 1.7 pct to 468.4 pence (Nov. 2016: 460.5 pence) and NAV per share up 2.0 pct to 439.6 pence from 431.0 pence.Total accounting return for six months of 2.6 pct (2016: 1.8 pct).HY profit before all tax of 29.3 mln stg (2016: 30.0 mln stg).Interim dividend increased by 4.1 pct to 2.02 pence per share (2016: 1.94 pence per share).Resilient commercial performance with approximately 400,000 sq ft of commercial space delivered in first half.Strong residential performance with operating profits of 13.4 mln stg (2016: 12.9 mln stg).Review of strategy and portfolio now complete and highlighting significant potential within business and portfolio.Upon completion, sale of nine elms square releases significant capital to pursue strategic opportunities.  Full Article

Ex-divs to take 21.7 points off FTSE 100 on March 7

LONDON, March 4 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 21.7 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) B