||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Lxb Retail Share Discussion Threads
Showing 1276 to 1299 of 1300 messages
If it doesn't get through it will take away some of the upside to NAV forecasts.|
|SP didn't budge much on that news story, any reason for concern?|
|Payday Thurs 3 Nov.|
|18p today I guess.|
|Neats Court latest details.
|@ss in an ISA there really isn't much difference which way you take it.|
@loglorry, the offset is the same either way isn't it - I receive 18p a share, share price drops by same amount. No dividend tax as I'm in an ISA, so I guess I'll just leave it as 'default'!|
The redemption of the B shares is a corporate event, so you wouldn't have to pay any charges.|
|@simon the main difference is tax treatment. Option 2 attracts capital gains tax Option 1 income/dividend tax.
Depending on your tax situation one may be preferable over the other. Normally folk go for the capital gain to offset the capital loss as the share price drops by the distribution.
|BestInvest offering B shares:
Option 1: Income Option - for every share held holders will receive a cash dividend of GBP0.18 per share (DEFAULT OPTION).
Option 2: Capital Option – for every share held holders will receive 1 B share; each B share will then be redeemed at the rate of GBP0.18 per share.
Is there any particular reason to go for B shares when they're instantly redeemed for the same value as the dividend? Presumably I'd then have to pay commission for the redemption...?!|
|Tiltonboy, I bought based on a tip from Simon Thompson some months ago (a little while before the 38p distribution prior to this one) that I apparently misunderstood. It's only a small stake I'm playing with (as a learning exercise, I find I learn faster when there's real money on the line, albeit not a vast amount), so reinvesting my returns each time may be disadvantageous due to commission (BestInvest, £7.50/trade).
It's probably not worth it for 18p a share. So I suppose I just hope that the final amount returned by the time it's fully liquidated will exceed what I spent on the shares. Thank you for your patience and explanation.|
|Personally 10p above current share price within the next 12 months would be more than an adequate return Imho|
Thanks for clarification. I suppose what I should have asked was given the company was in wind-up mode, what prompted you to buy them. As flyfisher so eloquently wrote, the issue with wind-up's is that you have to have sufficient confidence in the assets, and their carrying values to make an informed decision.
I think you will find that the share price will drop very much in line with the 18p payout. Anything much less a fall than that will see an avalanche of sells.|
|Thanks.iweb tell me their cut off is 17/10|
|the directors will make sure they make money|
|read the chairmans statement and then look at directors buys , I do not think the share price will fall more than 7p on the 22nd . my view that is why I have added another 10.000 today will add another 25.000 before 21st|
|How do you get to that
|ex div 5.30pm on the 21st oct after that date if you buy you do not get the 18p div|
|above 68p after the 18p|
|I was trying to work out whether to add ahead of the 18p again but not easy to see how much will be distributed eventually?|
|just added another 10.000|
|Tiltonboy I am invested in LXB but only a very small amount - I just meant I have little basis for assessing whether it's worth continuing to buy more LXB, simply because I don't have a vast amount of knowledge and rely on forums and columns etc. I'm still learning, so I have many little 'experimental' small holdings in smallcap companies.
Flyfisher, thank you, that is extremely helpful. So this means future distributions will eventually exceed the share price? So, this present distribution neutralises, but in time they will build?
Forgive my ignorance, we all have to start somewhere.|
|simonsaid, I have studied several winding up situations over recent years, bgbl, pur, eret, wind, cdi, jil, len, nri come to mind. Generally they trade at a discount to nav or sum of the parts and the main holders see a liquidation as a way to realise fair value.
Much can be learned from a study of any of the above, in the case of cdi one will find overvalued assets in the books and an overpaid manager who has looked after debt holders to the expense of equity holders.
With NRI you will find sound management with prudent valuations leading to a rising nav as it follows the process to ultimate liquidation.
ERET, was recently a good market when it announced a sale of assets at a healthy premium.
JIL , conversely, when it announced book writedowns.
May I suggest you look back over the years at a couple of them as a means of understanding the catalyst for price improvement or destruction.
With regards to LXB, which used to trade at a small discount to nav, but now trades at a premium. The market is clearly anticipating asset sales at a sufficient premium that will cover operating expenses and provide holders with a premium to current s/p.
Time will tell if that is correct.
No position held in LXB.|