SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

196.60p
   
  • Change Today:
    -0.100p
  • 52 Week High: 281.20
  • 52 Week Low: 179.50
  • Currency: UK Pounds
  • Shares Issued: 798.07m
  • Volume: 906,256
  • Market Cap: £1,569.01m

Sunday share tips: Schroder Real Estate Investment Trust, SSP

By Alexander Bueso

Date: Sunday 31 Mar 2024

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Schroder Real Estate Investment Trust (SREIT) to its readers, predicting that they were set to rally.


"That was on top of the group's dividend, which was expected to hit nearly 8% for the year ending on 31 March and to continue growing.

At 42p, the stock is a buy, while generous dividends add to its appeal," the tipster said.

In particular, Midas explained that the company was planning to turn its property portfolio from brown to green and charge tenants more in the process.

Counter-intuitive as that might seem, given current economic conditions, energy-efficient buildings were often cheaper to run and costs lower - or at least the same as elsewhere - despite the higher rents.

Long-term fixed-rate debt issued when rates were low would help, Midas said.

Yet the company was fetching a market value of just £203m, whereas its independent valuers believed it was worth £458m.

Indeed, the shares had more than halved from their 2018 peak.



The Sunday Times's Lucy Tobin believes readers should 'buy' shares of SSP Group.

Its business had momentum on its side, as the latest figures from the International Air Transport Association showed, with passenger numbers near to hitting their levels from before the pandemic.

While the 600p pre-pandemic share price might never be revisited, the shares should certainly recover from their current low level, Tobin surmised.

She pointed to the company's "successful" growth, whether that be organic or non-organic to back up her case.

Analysts at Peel Hunt and Liberum were in a similar frame of mind.

The former judged the shares to be "very attractive" whilst the latter was expecting growth to continue into 2024.

"Dividend payouts were unleashed again last year and the momentum is now with SSP," Tobin said.

"Buy."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SSP Group Market Data

Currency UK Pounds
Share Price 196.60p
Change Today -0.100p
% Change -0.05 %
52 Week High 281.20
52 Week Low 179.50
Volume 906,256
Shares Issued 798.07m
Market Cap £1,569.01m

SSP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.19% below the market average74.19% below the market average74.19% below the market average74.19% below the market average74.19% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Price Trend
25% below the market average25% below the market average25% below the market average25% below the market average25% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income
77.89% below the market average77.89% below the market average77.89% below the market average77.89% below the market average77.89% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Growth
88.63% above the market average88.63% above the market average88.63% above the market average88.63% above the market average88.63% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 3
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SSP Group Dividends

  Latest Previous
  Final Final
Ex-Div 01-Feb-24 05-Mar-20
Paid 29-Feb-24 04-Jun-20
Amount 2.50p 6.00p

Trades for 03-May-2024

Time Volume / Share Price
16:49 249 @ 196.60p
16:35 429,371 @ 196.60p
16:35 172 @ 196.60p
16:35 751 @ 196.60p
16:35 10,313 @ 196.60p

SSP Group Key Personnel

Chair Mike Clasper
CEO Patrick Coveney

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