||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
|Lon.& Ass.Props Daily Update: Lon.& Ass.Props is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker LAS. The last closing price for Lon.& Ass.Props was 22p.|
Lon.& Ass.Props has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 85,094,349 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Lon.& Ass.Props is £18,720,756.78.
|jbarcroftr: Share price continues to drift
No news that I can find
And with the financing sorted and the assets fully let
Time for an activist investor group or predator to emerge
Perhaps the institutional investors will ask the board to wake up
The share price must be almost at a 50% discount to net assets|
|bisiboy: topvest-the point is they dont need to clean up their act because i dont think they care about their share price if they did they would.|
|davdreamer: This share price is quietly on the up. Don't tell anybody as it might just be bad luck|
|red army: A NAV of 80p ish - why this share price of 40p ish???????????|
|sscrabble: on their website
Final results for the year ending 31 December 2009 are expected to be announced on 30 April 2010.
I too am expecting a massive rise in their nav and a boost to the share price.|
|bisiboy: well i predict a very strong rise in share price on monday|
|bisiboy: my prediction is a sharp rise in share price following results|
|skyracer: Healthy rise today in real estate sector. Nothing from LAS. But if real estate falls tomorrow, chances are MM's will lower LAS price again. This repeated ratcheting has resulted in an exceptional underperformance by LAS relative to its sector.|
|bisiboy: true but,
they dont give two hoots about the share price, as long term
concentrating on delivering the business will mean share price looks after itself.
headline rate for solihul doesnt look very clever, but i am sure they have spotted some opportunity|
|skyracer: It seems picky to complain when I have done so well from my investment in LAS, but the lack of corporate activity is irritating. IMO there has never been a more appropriate time for LAS to develop and move on, instead of doing the same old thing and missing the corporate boat. There are a wide variety of actions they could take. The size of the family shareholding is a constraint to liquidity and institutional interest, they could relax it (or tighten it as liquidity is a double-edged tool). Then there is the Bisichi shareholding and the BISI property assets. Or how about a timely change of investment direction? They could consider a buyout, a sellout, takeover, reverse takeover. At the very least another tender offer could be made, or a program of buying treasury shares. These ideas are just for starters.
Market perception matters.
Other companies have not sat on their hands. Halladale were recently sold for well in excess of their NAV. HDG were never as good quality as LAS, but their CEO, David Lockart, had entrepreneurial initiative in spades. In non-property shares we currently have ZRL (mining) enhancing the structure, and share price, of their company through corporate activity.
I could go further back, EDG and BTB. In property companies, London Securities (LSC) is an excellent example of enhancing shareholder value through corporate action, their innovative reverse takeover of a fire extinguisher company was responsible for the tenfold increase in their share price. Superb. You have to match up needs; assets and cashflow matched to growth.
What is the point of being a plc if you dont make use of it? Come on LAS show a bit of life.
I hope I will shortly be proved wrong by an RNS.|
Lon.& Ass.Props share price data is direct from the London Stock Exchange