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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  St. Modwen Properties PLC    SMP   GB0007291015

ST. MODWEN PROPERTIES PLC

(SMP)
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Delayed Quote. Delayed London Stock Exchange - 03/27 12:35:20 pm
340 GBp   -5.42%
03/24ST MODWEN PROPERTIES : PDMR Share Dealing Announcement
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03/20ST MODWEN PROPERTIES : Notice of Directorate Change
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03/05ST. MODWEN PROPERTIES PLC : Ex-dividend day for final dividend
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Land Securities names St. Modwen Properties' Mark Allan CEO

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11/22/2019 | 03:05am EDT

British property developer Land Securities Group on Friday named St. Modwen Properties' top boss Mark Allan as its new chief executive officer, replacing Robert Noel, who will step down next year.

Land Securities, which owns the Bluewater shopping centre in southeast England, said Allan will take over from Noel no later than June 1 and will receive an annual salary of 800,000 pounds ($1.03 million).

"Mark has been a highly successful CEO of two companies in the property sector. He has demonstrated strong management skills and the strategic insights that we believe will ... be invaluable for the next phase of Landsec's evolution," Chairman Cressida Hogg said.

St. Modwen separately said it had begun looking for a successor to Allan.

Allan was also the former chief executive officer of Unite Group.

Jefferies analysts said both St. Modwen and Unite grew under Allan, with St. Modwen's share price appreciating 64%.

For Land Securities, the announcement comes just 10 days after it posted a loss for the first half, as UK store closures took a toll.

Noel's departure date has not been decided, Land Securities said. He joined the FTSE 100 company as managing director of its London portfolio in 2010 and became the CEO in 2012.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber, Bernard Orr)

Stocks mentioned in the article
ChangeLast1st jan.
LAND SECURITIES GROUP PLC -2.04% 575 Delayed Quote.-41.92%
ST. MODWEN PROPERTIES PLC -5.42% 340 Delayed Quote.-31.59%
UNITE GROUP -0.43% 801.5 Delayed Quote.-36.39%
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Latest news on ST. MODWEN PROPERTIES PLC
03/24ST MODWEN PROPERTIES : PDMR Share Dealing Announcement
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2019Land Securities names St. Modwen Properties' Mark Allan CEO
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Financials (GBP)
Sales 2020 36,4 M
EBIT 2020 66,6 M
Net income 2020 81,5 M
Debt 2020 369 M
Yield 2020 2,97%
P/E ratio 2020 8,95x
P/E ratio 2021 7,78x
EV / Sales2020 30,9x
EV / Sales2021 26,5x
Capitalization 755 M
Chart ST. MODWEN PROPERTIES PLC
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St. Modwen Properties PLC Technical Analysis Chart | SMP | GB0007291015 | MarketScreener
Technical analysis trends ST. MODWEN PROPERTIES PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 523,50  GBp
Last Close Price 340,00  GBp
Spread / Highest target 73,5%
Spread / Average Target 54,0%
Spread / Lowest Target 42,6%
EPS Revisions
Managers
NameTitle
Mark Christopher Allan Chief Executive Officer & Executive Director
Danuta Gray Non-executive Chairman
Robert Jan Hudson COO, Chief Financial Officer & Executive Director
Simon William Clarke Non-Executive Director
Ian Alan Bull Senior Independent Director