||EPS - Basic
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|Real Estate Investment & Services
Lxb Retail Share Discussion Threads
Showing 1376 to 1398 of 1400 messages
|Ok good luck. I am in here too!|
|Nothing that hasn't been discussed before ...the flat that it has stabilised has influenced my decision that re entering seems reasonable..now a question of hoping it all plays out as expected|
|Interesting as the share price seems flat just now. You must have expectations of a move up. Any reason?|
|Bought back in yesterday|
|10 lettings since 21st November, 5 of which since 19th December - certainly a Christmas rush at Rushden!|
|Likewise.Hopefully we will get a result, but not perhaps quite as good as we may have originally thought.|
|Still here, have a good xmas tilts|
|Surprised there was no mention of the sale of Neats Court today, or as everybody sold out!
The balance sheet now has 10p of cash, and with Rushden in the books for nothing, improved consent could push the NAV back into the mid 50's.
Ten lettings at Rushden in the last couple of months is pleasing.|
|My question is why would you? How does it help you predict the next move in your investment? But it is pretty|
|I struggle with the concept of charting small illiquid shares at all. Unless you managed to take out the effect of significant news flows?
I used to work with actuaries in a similarly data light environment - it was a complete nightmare......|
|Like that :)
Or to put it the other way round - how come those capital returns lined up perfectly with the Fibonacci??|
|How can you chart something that has had three large returns of capital?|
|Latest Neat`s Court development ( just 3 units remaining ).
|Does anyone know when the Rushden lakes planning application result is due?
|Good luck Simon but could be a risky strategy. the higher the potential reward the higher the risk inevitably - and possible loss. But maybe this cash is at the fringe of your investment and you have some steadier stuff too.|
|Sounds sensible. I have been advised before to always balance these kind of 'hold and wait for better weather' decisions against the opportunity cost of that money being illiquid while you're waiting. I had to recover 14%, so I invested in something with a realistic target price in excess of that. Fingers crossed.|
|I think that Directors probably are not buying until they know the recent selling has finished and of course have an idea of the results of the recent planning application on new land at Rushden lakes, which could materially affect the asset value if granted, as obviously it would be at a nil value at the moment.
The directors have stated that final value will be in excess of the current asset value of 38.7p, we can only guess what that may be.
However what must also be born in mind is that the way they value the assets during the construstion phases is at a discount until they are fully let. Provided there are no more write downs its possible we may get a pleaseant surprise at the end of the day.
The Directors have a wad of shares invested in the company and I am sure they are doing all they can to get the value as high as possible, so despite the dissapointment of the results I'm holding on and if it drops too low may buy some more|
|Thanks NPT - I sold it all today. It's my first significant loss since I started trading so it's a bit of a sting, but I think I did all I could have with the information available at the time. Best of luck to those still in.|
|Simonsaid - I think you'll have to stay invested in this and the new company for another year and a half to get full value. Even if you stay in for another 18 months I really doubt you;ll ever get close to the 48p you could have sold your shares for before the latest results were released. Definitely not a trading share. I you can't stay invested for another 18 months then you have to think really hard about your holding.|
|Given the lack of director buys at this level, I'm out, sold it all at 35p. There's an opportunity cost to sitting here waiting to recover losses when I could try to make some profit elsewhere. What a shame this all was. Best of luck to everybody stuck in the red with this one.|
|34p. None of the fund management or directors reinvested their dividends.
Directors not willing to buy even at 34p.
Do they expect the price to go much lower? Starting to get concerned.|
|An outside property management company is appointed to manage the building and collect rent. The fund pays for this. What value is the fund manager contributing to the asset at this point to justify the management charge. The longer they take to sell the asset the more management fees they will receive. They are then compensated for failure.
The Directors of LXB Retail Properties PLC earned £305,000 for the y/e 30.09.2016.
If you compare that the fund manager earned from the fund, £4,632,039 it is clear where the power and expertise are concentrated. The directors should represent shareholders, but in this instance they are just rubber stamping decisions taken by the fund manager.
When the remaining assets are transferred to a new company the management fee structure should be reviewed otherwise management can take forever to sell the assets and milk the fund try by charging management fees until the end of time.
Management fees should be reduced to 0.5% in the new company if the fund manager wants to share in the upside and there should be a time limit placed on being able to charge management fees. If the fund manager say they tie everything up withing a year they shouldn't benefit if they fail to achieve it.
The fund lost more than £15m and the share price took a 30% hit, but at least the fund manager will have a nice and abundant Christmas.|
|Further to my previous post, the total management fees paid by the fund to the fund manager from the 1st of April 2011 to 31 March 2017 (includes an estimate for y/e 31.03.2017)is £29,153,075.
The take home pay for the same period for the fund manager (after all office overheads) is £21,763,769.
So the fund manager made £21,763,769 during the mentioned period.
Now you can appreciate that the fund manager benefits extremely if there are delays in construction projects etc. The fund's original intended life span was 5 years and we are more than two years past that. By failing to complete projects on time and selling them, the fund manager ensures that they will keep receiving massive management fees.Shareholders get hammered when there is a delay in completing projects, but the fund manager benefits from it. How are the fund manager's interests aligned with the shareholders in this scenario? The Stafford Riverside Project is complete and the final tenants will shortly move in, but the fund manager will keep charging management fees on this asset until it is sold, despite contributing any further value to the asset.|