Liberty International Share Discussion Threads

[tpaulbeaumont] 18/5/2010 10:41

Hi Chaps, what is the divi position now? IC has 11.5 for LII, elsewhere ive seen 11.5 for CSCG? Is it only CSCG paying a div now?

[enami] 04/5/2010 13:29

Not the only one pete. Not a holder but seems the share price is down to the March support level established after the announcement of the demerger. It's effective from next Monday I believe.

Broker rec on the two new renamed companies - combine target 446p vs roday's 481p

Capital & Counties Properties initiated with 126p target price at Seymour Pierce.

Capital Shopping Centres initiated with 320p target price at Seymour Pierce.

EDIT the new EPIC codes announced

Liberty International is also expected to change its name to Capital Shopping
Centres Group after the Demerger becomes unconditional. Trading of the Liberty
International Ordinary Shares under the name Capital Shopping Centres is
expected to commence on Monday 10 May 2010 under LSE code CSCG and under JSE code CSO.

The Capital & Counties Ordinary Shares will begin trading on the LSE on a "when
issued" basis on Monday 10 May 2010 under LSE code CAPC

[petethehippy] 30/3/2010 14:20

Liberty looking strong. Today it looks poised below 510/520 and waiting for positive momentum from the USA. I cant see any resistance before 550?

Am I the lone wolf?

[petethehippy] 25/3/2010 10:37

Testing 500p today.
520p is the key resistance point to break.

[petethehippy] 17/3/2010 19:50

Interesting company. I've just gone long. The de-merger points to some forward thinking by management. The same forward thinkers who carefully managed the business to be in a position to continue paying dividends in this environment.

Short term will see more volatility. Strong support around 450p.
Medium/Long term, 480 is a good price. Once the dust settles, this puppy will be testing 520p again.. and hopefully beyond!

[purplebox] 09/3/2010 08:17

Disappointing results - NAV upto 464p or 3.6% in last six months. Nothing will be clear until the dust clears after the demerger...

[purplebox] 22/2/2010 17:29

Results a bit late this year - still better late than never!

[sruthan] 22/2/2010 17:22

22 February 2010

LIBERTY INTERNATIONAL PLC
NOTIFICATION OF ANNUAL FINANCIAL REPORT

Liberty International PLC announces that it intends to release its Annual
Financial Report for the year ended 31 December 2009 on Tuesday 9 March 2010.

[gdasinv2] 13/10/2009 08:51

WNER anr AGR is now on ride - very high potential

ASHTENNE INDUSTRIAL FUND ANNOUNCES GBP364 MILLION REFINANCING AND RAISES GBP45
MILLION OF NEW EQUITY
Aviva Investors and Warner Estate, on behalf of the Ashtenne Industrial Fund
("AIF"), have successfully raised GBP45 million of new equity in order to reduce
its senior debt, and refinance its existing facility for a further four years
with Royal Bank of Scotland and the Lloyds Banking Group.
The new equity, issued in the form of convertible loan stock which will convert
to units in the Fund in September 2012 (or earlier at the option of the note
holder), was raised entirely from within the Fund's existing investor base and
was significantly oversubscribed, demonstrating investor confidence in the
future performance of the Fund.

[thelimray] 06/10/2009 14:02

I could ask this question today as well! Shorters closing...

[purplebox] 23/9/2009 17:36

Yes, I'd completely forgotten the cash.

NAV is

((565,730,000x4.48)+280,500,000)/(565,730,000+56,100,000)

or £4.52 - assuming the entire £280.5 million proceeds are realised...

...so say around £4.50.

The shares are trading at a 12.5% premium using the closing price of 507p.

[randolph and mortimer] 23/9/2009 17:07

it's not 407 because they have the new cash (£250m). nav diluted is therefore 443pps.

[purplebox] 23/9/2009 16:20

Yes - also dived in and bought at 507.5p.

Nothing more unpleasant to come in this stock short/medium term I hope (may not be true for HMSO, BLND, LAND etc).

Drops a dividend next week and should do well in the run-up to the interims.

The NAV was 448.0p, so allowing for the extra placement shares (9.9%) it's around 407.0p now.

It's trading at 25% above NAV based on 510.0p.

[graham2405] 23/9/2009 14:48

Placing price @ 500p, dived in and bought @ 508p, This should hopefully recover nicely over the next few weeks.

[luchan] 23/9/2009 12:04

Chaps,

once the placing price is announced will be a good time to dive in..

luchan.

[purplebox] 23/9/2009 08:17

Horrible RNS for holders today...

"Placing of up to 56.1 million new ordinary shares"

[johnv] 08/8/2009 14:23

I looked at these yesterday but was put off by the spread 3.5- 4.8.
Lets see if it narrows soon.

[chesty1] 31/7/2009 08:05

Sounds to me like yep you got your divi this time but next time its gone...

Lots will be selling on todays RNS. I will buy intot these but not at this level...its going lower.

[typo56] 29/4/2009 08:10

Trades ex-offer this morning.

Terms are 2.60198 for 10 at 310p.

Closing cum-offer price yesterday of 425.5p gives equivalent ex-offer valuation today of 401.65p. In other words, they opened up today..

[typo56] 28/4/2009 09:03

It seems a strange arrangement.

My understanding is they are not ex-offer entitlement today, but the terms haven't been determined yet. The 'book build' sounds like a bit of a bun fight.

So someone buying today will be entitled to take up the ? for ? offer at £?.

[manners2] 28/4/2009 08:35

think this stock will be under severe pressure for a while - this funding will only secure its survival to stand a further 30% fall in asset values.....I think a 30% fall is a genuine possibility - further funding?

[typo56] 28/4/2009 08:28

0716 GMT [Dow Jones] Liberty International's (LII.LN) capital raising of between GBP500M-GBP600M will require a steep discount, says JPMorgan. Estimates an issue price of 275p, which is a 37% discount to Monday's close. "In our view, the complicated deal structure and short time horizon could increase the risk that some investors will be left out," it adds. "Moreover, except for the Gordon family, which does not subscribe for the full amount, none of the other large shareholders have announced their intentions yet," it says. Adds the trading statement is in line with expectations.

[marlonbrando] 03/3/2009 12:49

Signal to buy @ 306 taken. Protective Put atm Mar09 placed as a hedge.