The Local Shopping Reit Share Discussion Threads

[luckymouse] 26/8/2016 00:14

prob a dealer working an order for someone

[tiltonboy] 25/8/2016 12:41

Bizarre way to trade 100k shares by hitting all the bids from 28.75p to 27.75p!

[gbill11] 25/8/2016 12:08

So is everyone selling out at 32p?
May wait till it falls back in that case.

[deadly] 25/8/2016 11:36

Delayed reaction to the tip, but welcome anyway

[redhill9] 25/8/2016 09:44

tiltonboy 24 Aug '16 - 22:22 - 1408 of 1409 1 0
I'm not a seller this side of 32p...and possibly not even then.

32p has been my pencilled-in target for a while, simply based on that figure being a substantial gain from purchases over the last year. The NAV (if we can trust it) should be about 10p higher than that shouldn't it? Selling the properties piecemeal as happening currently will inevitably mean selling the best and leaving the rubbish behind so if the share price touches 32p I will be very happy to take it and move on.

[strathroyal] 24/8/2016 22:33

Thanks, I'll see what the morning brings as there should be further buys from ST followers who haven't been updated until this evening.

[tiltonboy] 24/8/2016 22:22

I'm not a seller this side of 32p...and possibly not even then.

[strathroyal] 24/8/2016 22:14

Until recently I was a subscriber to the IC and if I was ever lucky enough to hold a share tipped by ST, I would sell knowing that nine times out of ten I could buy it back again inside two monthsat or near my original purchase price.

However I'm a bit more circumspect about this one as it had already been rising and today there was what appeared to be a 400k buy at 28p. How about you Tilts, are you going to hold your recent purchase or flip it?

[tiltonboy] 24/8/2016 21:20

I would guess so. Probably the other side of the stock that I picked up.

[badtime] 24/8/2016 20:25

500k at 25 after the bell...trade from earlier in the week?

[my retirement fund] 24/8/2016 12:15

36p oooohhh yes please !

[speedsgh] 24/8/2016 12:13

Just been tipped by Simon Thompson (Investors Chronicle)...

Shopping for a property bargain - [subscription required]

"...with the shares trading on a bid-offer spread of 26p to 26.5p, I rate them a value buy and have an end 2017 target price of 36p."

[luckymouse] 23/8/2016 20:34

Bit of a flat liner - on the buyzone - Is there good news?

free stock charts from uk.advfn.com

[strathroyal] 23/8/2016 19:39

I think this is week 7 after the latest auctions so LSR should have completed on all of the sales by now. Perhaps the increased activity in the share price is because we are going to get an IMS.

Also, as gfrae notes, interest costs will halve this year which should see the company comfortably in profit and being a REIT it will have to pay a dividend.

[badtime] 23/8/2016 18:39

67k bought at 27

[badtime] 23/8/2016 14:21

Not a lot of stock about?

[my retirement fund] 23/8/2016 11:17

Everything seems in place here and there is masses of ever growing value to be unlocked and there has been for a number of years.

Other than management who simply cannot be trusted and lack any credibility of acting in the best interests of the shareholders.

The share price tells you everything you need to know about them. One wonders how they sleep at night ?

[gfrae] 23/8/2016 08:46

I can't be bothered to look up their net debt but cost of it will have reduced from 2.5% to 2.25% thanks to that silly Carney.
Near me (South East) 2 small off high street shops sold post Brexit,one dry cleaner one dress shop at yield just under 7%.

[badtime] 22/8/2016 13:52

You expect correctly

[skyship] 22/8/2016 12:25

Hmm - pleased to read that; expect BT will too...

[tiltonboy] 22/8/2016 11:32

Somebody bought 250k, which prompted me to add a few more. The balance of the trades are mine.

There are still sellers around of these small propco's, and I'm happy to pick stock up at these levels.

[skyship] 22/8/2016 11:15

Tilts - what do you make of all those 25p trades?

If there is a seller, then also a buyer....seems to be quite reasonable volume suggesting their may yet be life in what has turned into a bit of a dog recently...

[badtime] 18/8/2016 18:17

Biggish one at the end there

[maiken] 11/8/2016 16:52

fellow followers,
I'm trying to get a rough calculation of management costs.

I note the mgmt co.Internos get a bonus fee of 20% of any recurring operating profit above a certain pre-agreed target level of same.Can anyone tell me what is that pre-agreed target level of operating profit ?

Any help much appreciated...

Beyond that i think they will take an annual fee of £0.9m plus 5.7% of total distributions to shareholders above 36.1p.I don't think any cash has been dished out to shareholders since the agreement was made in July 2013,in which case we get all the first 36.1p in the event of the portfolio.Does that sound right?
thanks again

[skyship] 10/8/2016 11:10

...and a 25k. Good to see that someone else also considers value to be found down at these levels.