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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • SGRO
  • Price:
  • 1113p
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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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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