||EPS - Basic
||Market Cap (m)
|Real Estate Investment Trusts
Londonmetric Share Discussion Threads
Showing 26 to 49 of 50 messages
|Liberum Capital Hold 155.30 155.00 155.00 Reiterates|
|PLACING TO FUND ACQUISITIONS AND DEVELOPMENTS - HTTP://www.investegate.co.uk/londonmetric--lmp-/rns/placing-to-fund-acquisitions-and-developments/201703230700262644A/
· Proposed Placing to raise approximately £97 million of gross proceeds (based on the closing share price on 22 March 2017). The Placing will enable the Company to accelerate its portfolio alignment towards distribution by:
o increasing its exposure to the attractive returns available from last mile distribution; and
o building out three new developments following material progress on pre-lettings, as announced separately today.
· The Net Proceeds will be used to fund committed and potential investments and new developments that amount to c.£100 million:
o £42 million to fund distribution developments at Dagenham, Stoke and Crawley, totalling 560,000 sq ft, at an anticipated yield on cost of 6.2%
o £28 million to fund recently completed distribution investments acquired at a blended net initial yield of 5.9% and a reversionary yield of 6.4%
o £30 million to fund a pipeline of last mile and regional distribution investments.
· The Company expects to deploy c.75% of the Net Proceeds within six months. The Placing is expected to be earnings per share accretive following completion of the three developments, which is expected to occur over a 9 to 12 month period.
· The Company's progressive and covered quarterly dividend policy remains unchanged, and the Placing is complementary to its unsecured credit facility where the marginal cost on further debt drawn is 1.5%.
Andrew Jones, Chief Executive Officer of LondonMetric, commented:
"Our increased commitment to last mile acquisitions and short cycle distribution developments, together with a healthy pipeline of further opportunities, will support our plans to grow our distribution exposure to at least 70% within a year. Earlier this week, we secured two further last mile acquisitions and today we have announced major pre-lettings to Eddie Stobart and Michelin, alongside the letting to Amazon. These transactions highlight the compelling market opportunities that exist and we expect to deploy raised funds at pace, leading to accretive earnings whilst maintaining a progressive and fully covered dividend.
"Structural trends in consumer behaviour and shopping patterns are continuing to drive demand for distribution, from last mile facilities to mega sheds, but supply remains constrained. For those with market access and knowledge, investments in the sector are able to create long-term, reliable income. At LondonMetric, we have 99.6% occupancy and our assets are backed by some of the biggest retailers and logistics groups."|
|ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2016 - HTTP://www.investegate.co.uk/londonmetric--lmp-/rns/annual-results-for-the-year-ended-31-march-2016/201606010700088099Z/
LondonMetric: Full year results 2016, CEO interview - HTTP://www.brrmedia.co.uk/broadcasts/574dbdd24c64e59e61dc6114/londonmetric-full-year-results-2016|
|4.5% yield and a 10% premium to EPRA NAV.
Traded sideways for 16months and unlikely to move ahead for another 16months with that premium continuing to overhang the share price|
|Nice trading update.|
|LondonMetric Acquires £16 Million Of Assets - HTTP://www.investegate.co.uk/londonmetric--lmp-/rns/londonmetric-acquires--16-million-of-assets/201604260700082828W/|
|Skyship, good advice. Significant discounts starting to appear on a number of REITS.
I will hold fire and see how the wider market and LMP pan out. Cheers.|
|We've seen a massive one year Top formation in the range 158p-170p. Like BLND recently, the support has been pierced. LMP are headed down. Bellwether stock BLND has dropped c16% since dropping through its support.
LMP is still on a 5% premium to the Sept'15 EPRA NAV. so IMO perhaps wait to buy nearer 140p.|
|Director buying always a positive. Am contemplating buying back in, general market weakness dragging LMP down, good long term hold for income?|
|Good Interim Statement but tending to agree with you Skyship , as they've now reached my target sell price. Problem is , if one sells now one has to find a suitable safe home for proceeds and I do like LMP divi ! Will do a bit more research on both LMP and alternatives. All IMHO and DYOR.|
|NOTICE OF IMS
London Metric Property Plc will announce its third quarter Interim Management Statement on 26 January 2015.|
|LondonMetric is featured in today's ADVFN podcast.
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|Great results - but get real Irene - this is a propco standing on a 20% PREMIUM to its NAV. Any upside seriously constrained and downside risk palpable should the Market see any sort of decline.
I was obviously wrong on forecasting how high these would go; but normal propco valuation parameters seem to have gone by the board at the moment!|
|Great results - totally off most peoples radar. I can see this taking off.|
|Given a very fair wind on revaluations the underlying NAV here may be 115p, perhaps even as high as 118p. That means they are now trading at a 15% PREMIUM to NAV!
Go with your first instinct Germalene and time to let these go. They've done you proud, but when propcos are bought by institutions to excess valuation levels; then time to move on. At this level, where is the upside?|
|I was thinking of taking the dividend (which hasn't arrived yet, thanks a bunch TDW) and letting my holding in LMP go. But, with today's announcement of the acquisition of Royal Mail's main distribution centre at Daventry, I'm tempted to buy a little more.|
|Ex-div is always 2 days prior to the record date ("payable on ... to ordinary shareholders on the register at the close of business on..."). In this case the record date is 6/12. So, as M1das_Touch says, ex-div is 4/12.|
|Something of a mystery, the date the Int goes XD, have rang brokers T.D Waterhouse and they don't appear to have a record of it.
LMP today Div ann
The proposed dividend of 3.5p per share, of which 1.5p per share is a Property Income Distribution, is payable on 20 December 2013 to ordinary shareholders on the register at the close of business on 6 December 2013
Could 6 Dec be the XD Int date?|
|Ah, thank you|
|Intrim figures out today with Interim dividend of 3.5p to be paid on 20 December 2013.
Good, but can't find ex-dividend date anywhere?|
|LMP & SGRO were two tips in today's online article singing the merits of certain industrial investments, especially online retailer warehouses.
Since the well-timed director buy at the start of September, LMP has added another tooth to its saw-like chart. If the past is anything to go by, these should now be sold; then bought back again below 110p.|
|Final pay day today|
|Come on LMP lets see something specific on the "attractive returns for shareholders" included in the proposition.|