Lxb Retail Properties Share Discussion Threads

[tiltonboy] 02/6/2016 15:08

They are not tradeable, and as previously mentioned will be redeemed next week at 38p.

[simonsaid1] 02/6/2016 15:03

Tilton, does that just mean they'll be tradeable from then? Right now they just show in my broker account with 38p price and no trade buttons, obviously.

[tiltonboy] 02/6/2016 14:52

ss1.

The B shares will be redeemed next week at 38p per share.

[simonsaid1] 02/6/2016 14:41

B share issuance happening now, mine just came through but are in non-tradeable state for now. BestInvest seems to have opted me into them, wasn't even asked if I wanted cash but this is better, so I'm happy. The name is BZ6VTD7... snappy. Are the B shares likely to grow in-step with the regular ones?

[badtime] 02/6/2016 12:50

Take half?

[mad foetus] 02/6/2016 12:17

yes, part of me is thinking to bank the profit, the other part struggling to think of many places safer to put it into!

[badtime] 02/6/2016 12:08

MF..that buy is looking better

[simonsaid1] 01/6/2016 12:08

... so nothing useful then really! Given the summer lull underway in the broader market and a solid chance of a >10% upside, do you guys reckon this is still a respectable (if not excessively ambitious) AIM play?

[mad foetus] 01/6/2016 07:14

So, interims are out. Main takeaway is that final distribution expected to exceed current NAV of 64p by "a comfortable margin" but it is not in our interests to give further details.

[loobrush] 31/5/2016 14:11

Property REIT U and I Group (UAI)worth a look trading at a 35% discount and 6% div yield could be a good place to park some of your cash as it is trading at low.

[badtime] 31/5/2016 13:18

Funny u shud say that Tilts ..I nibbled on a few the other day

[tiltonboy] 31/5/2016 13:12

mf,

Not CI based, and not seemingly undervalued, by I have been buying RLE again. There still seems to be plenty of growth left in these neck of the woods, and I see continued NAV and dividend growth. share price has been depressed by a couple of sellers, including CLDN, but hopefully close to a floor.

[mad foetus] 31/5/2016 11:57

to be honest badtime I now have enough of these to regard some as keepers and some as traders. If the share price ticks up to 63p I'll be tempted to sell the ones I bought this morning - it would be a £600 turn with minimal risk.
Increasingly that is how I am doing things - look at 5-10 property holding companies or investment trusts, preferably CI based so there is no stamp duty, and trade them around the edges, either taking profits or increasing long term holdings. Its early days but working at the moment.

[badtime] 31/5/2016 11:53

I get your point MF..but I don't like getting to greedy and I'm fairly well loaded already

[mad foetus] 31/5/2016 10:59

I've bought another 30,000 at 61p just now. Had to do it in 3 lots - I was quoted over 62p for a single lot. Last years IMS came at the end of May, so we could get something pretty soon that brings more clarity. I'm especially interested in the part of the Rushden Lakes announcement where they said the amount being paid was less than expected but this was due to timing issues. I think there was some concern about the fee arrangements with the manager and that:

a) there was no point agreeing an arrangement that isn't likely to be met; and
b) there will be an incentive to "back load" any subsequent revaluations.

I'm still hoping for 120p in total - or around 82p. But even if it comes in at 72p, that is still nearly 20% from today's valuation. The current price shows the innumeracy of many investors: it is daft that, assuming a total payout of 111p, these have gone from a 10% discount to a 20% discount simply as a result of paying a distribution.

[melody9999] 30/5/2016 09:07

Whether you re-invest divis depends on your risk profile I guess. entering the summer period means a greater chance of poor returns (or losses) if you buy other shares. meanwhile LXB may be fairly boring but the commentary all points to a 10% - 20% return over the next year. I'll take that.

So I'm not so sure we will see a price retrace this time around.

[janvrot] 27/5/2016 10:11

sutton+stafford ......too tricky for me

[janvrot] 27/5/2016 10:06

Can we try and game the realisations of the various properties.

These are my thoughts. Would like to hear other views.

Ayr.......I think this suffers as the next guy will want to take the development profit.

Greenwhich B&Q....should be able to get full price maybe more??

Sheppey...same as above, maybe not as bullish but tenants seem to be solid.

truro.....could this be the upside surprise???? how attractive is this property to other developers?

sutton+sheffield ......too tricky for me

[simonsaid1] 26/5/2016 16:52

Thanks Web, B-share was not offered by broker (BestInvest), Div only (they don't allow div reinvestment/scrip anymore). Yeah... I know...

[webclick99] 26/5/2016 16:44

Simon, if you elected to receive the money as capital (B Shares), rather than dividend, then your dividend allowance has not been touched.

[badtime] 26/5/2016 15:40

MF..that's why I quoted 72p..from today's price that is an attractive return over say 12/18 months

[mad foetus] 26/5/2016 14:36

and on that basis and the narrow spread I bought some just now for 61.23.
having sold my traders at 102p on news of the return I'm happy with that result: I've got something like 60% more shares, 60% more exposure to the upside for the same outlay

[mad foetus] 26/5/2016 14:31

I think most would regard 110p/72p at the lower end of expectations, but it is worth noting it is close to a 20% uplift from current price

[webclick99] 26/5/2016 14:29

Loo / Simon, from memory, the previous time there was a distribution the price initially dropped by the amount of the distribution, much like today. However, during the following few months, the price continued to drift downwards and the discount to nav widened, giving an opportunity to add, so who knows what will happen this time.

Interim results are due very soon (this time last year they had already been published). Their web site says before end of June, but no specific date. Am expecting a revised NAV to be published at that point which should provide some guidance.

I will be reinvesting the capital once received.