The Local Shopping Reit Share Discussion Threads

[kooba] 27/11/2020 07:12

27 November 2020The Local Shopping REIT plc ("LSR" or the "Company")Change of Company Name to Alina Holdings PlcThe directors of the Company (the "Board") are pleased to announce that, as envisaged in the Board's announcement of 19 November 2020, the change of the Company's name to Alina Holdings Plc has taken effect.Having notified the London Stock Exchange of the name change, the Board anticipates that that trading in the Company's shares will continue under the Company's new London Stock Exchange ticker "ALNA". The Company's ISIN (GB00B1VS7G47) remains unchanged.

[kooba] 23/11/2020 15:30

Ah paying up a bit now..very aggressive !

[kooba] 23/11/2020 15:29

Yes he/they will be a thorn on the side of whatever is planned..

[kooba] 23/11/2020 15:07

Well I think we can see with holdings in company.. Peter Gyllenhammar ..well known activist value investor ..buying into cash and property at huge discount and looking for more it would seem.Will go for control and probably try to liquidate and pay 28-30p out I guess.However major holders DS and Thalassa disc trust may have other ideas...could get interesting.

[tiswas] 23/11/2020 15:07

Now that is interesting.

[tiswas] 23/11/2020 13:31

So who puts a bid that size on the book? If you are serious your broker talks to known holders about doing a deal so what sort of statement is this trying to make and why?

[kooba] 23/11/2020 08:18

Bid for 3m !! Over 10% of the company ..now there's a thing !!

[baner] 20/11/2020 14:03

on the other hand, mr soukup has not demonstrated that he is there only to milk the companies in which he is involved. his salary from thalassa is however a bit stiff and it would be better if he was paid on a success fee basis.

[gbjbaanb] 20/11/2020 12:54

They could think that the assets are not worth that much, what with covid over the last 6 months since valuation, and that the cash will slowly disappear into director's pockets as salary. So figure getting out with something is better than hanging on to nothing much at all.

Or they just want shot of it to focus on opportunities, those places do not dwell on the past, only making money on the future.

[kooba] 20/11/2020 11:54

Not sure if there's upset might not be their thing? Agree taking low ball price for what is clean vehicle with cash and realisable assets...if it is them.I've bought a few down here topping up , but the demerger hasn't proved a shareholder valuation enhancing event so far...but as with many things Thalassa , hard work understanding the moves ,motives and plans for now 3 corporate entities.. definitely value plays and if the vehicles attract the right deals could be big upside. Feels there should be clearer messaging for all 3 listings on where it's all going and then might attract new investors to narrow the discounts to book as they trade at value trap valuations which don't hopefully recognise the potential.

[baner] 20/11/2020 11:30

clearly Lombard selling out - at the cash value ! one must assume they are in conflict with mr soukup, why on earth would you otherwise dump the stock at this ridiculous price?

[kooba] 20/11/2020 11:00

Looks like Lombard Odier the seller as they would have owned 8% from distribution ..maybe share buyback ? Would be asset value enhancing by around 3%.

[kooba] 20/11/2020 10:49

Some big prints going through that will be reportable, there were not many holders in this size so be interesting to see where the stock is going.

[kooba] 19/11/2020 14:20

The property portfolioThe six properties contained in the portfolio therefore continue to be recognised in the financial statements at their holding value in the Company's accounts at 30 September 2019. One property is considered to be held for sale and its holding value in the Company's accounts therefore takes account of agreed pricing and sales costs.Being valued at £3.12M.I note net rental income in first half £184k..so if you annualise and apply to valuation you are looking at short 12% yield at carry value.

[kooba] 19/11/2020 14:11

So about 13.75p in property assets per 17.7p cash per share.

[kooba] 19/11/2020 13:36

The fair value of the property portfolio of the six assets held at 31 March 2020 was GBP3.120 million (30 September 2019: 8 assets, GBP3.465m).The 30 September 2019 valuations were provided by Allsop LLP, a firm of independent chartered surveyors, as a desktop update of the full RICS valuation that they supplied on 25 July 2019.Cash and Net Asset ValueAt 31 March 2020 the Company held GBP4.023 million in cash (30 September 2019: GBP3.566 million).The Net Asset Value at 31 March 2020 was GBP6.933 million or 30.55p per share (September 2019: GBP6.992 million or 30.81p per share).

[gbjbaanb] 19/11/2020 12:34

And the market has said what they think of that, lol.

[tiswas] 19/11/2020 11:43

Trading again!

[hindsight] 30/7/2020 19:53

From the last results in June and they also give a contact

Following the buy-back, trading in the Company's shares on the London Stock Exchange was suspended, as the Company did not meet the minimum free-float requirement. The directors are actively working on plans for remedying this situation and restoring trading in the Company's shares.

Enquiries:

Bill Heaney, Company Secretary [phone]

[sd_anon] 30/7/2020 09:00

Thanks for your responses. Stockbroker nominee account.

[gfrae] 27/7/2020 15:21

sd-anon,I suggest you contact the Thalassa company secretary.

[hindsight] 27/7/2020 12:45

Are the shares held with a stockbroker in thier nominee account or in paper form ?

[sd_anon] 27/7/2020 12:29

Hi all, I'm seeking some info if anyone would be prepared to oblige me.

I am executor of a will for a deceased relative. Their shareholdings include some LSR shares which we are not able to sell as it is suspended.

Is anyone able to tell me if/when I will be able to sell these shares? I understand there was a takeover (of sorts) but this seems to have been going on for ages now. Are these shares dead money now or can I hope to retrieve something for the beneficiaries at some point?

Any info or insight would be very welcome. Thanks.

[sleepy] 07/10/2019 19:49

The announcement states there is no further information to be disclosed about Mr Edwards.

Presumably we can look forward to learning more about Mr Soukup