Share Name Share Symbol Market Type Share ISIN Share Description
Lxb Retail LSE:LXB London Ordinary Share JE00B4MFKH73 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.625p -1.59% 38.75p 38.75p 40.00p 38.75p 38.75p 38.75p 450,811 16:01:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 85.2 -15.1 -8.9 - 66.79

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Date Time Title Posts
20/5/201713:23Led by veteran property entrepreneur1,475
28/10/201310:27*** LXB Retail ***-

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Lxb Retail Daily Update: Lxb Retail is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker LXB. The last closing price for Lxb Retail was 39.38p.
Lxb Retail has a 4 week average price of 38p and a 12 week average price of 36p.
The 1 year high share price is 70p while the 1 year low share price is currently 33.50p.
There are currently 172,350,374 shares in issue and the average daily traded volume is 125,032 shares. The market capitalisation of Lxb Retail is £66,785,769.93.
loobrush: Well what to do. I am of the view that LXB is a firm hold for me. The final results last year stated assets were 56p and also stated that at the report date(nov) the chairman expected that asset value be in excess of that at wind up despite challenging markets. Since then disposals,it seems to me, have not made any material change to asset values.Whilst the recent planning permission may well have increased the asset value. So if we get the asset value at the minimum of 56p it would give a 40% gain from todays share price. I would be happy with a 20% gain,let alone 40% so I am holding on as I think that with the substantial Directors and their pension fund holdings they will be looking to get the highest value possible over the next few months. So downside limited -upside possibility +40%
tricky1000: Thanks Mad had a few of yours this morning! Fundamentally nothings changed share price reflects excellent value compared to total assets to be returned. Time scale for closing up shop and giving back proceeds unchanged.
mortimer7: Update on website today: Detail in chairmans letter.
npt: Lol.... The share price will open sharply up tomorrow and I don't think you would have had an opportunity to buy at today's price.
npt: Rushden Lakes - All 14 councillors voted in favour....... Great news! Share price should open much higher tomorrow.
npt: The fund managers will probably buy now at the low price level. They issues that knocked almost 28% of the share price during the past two days must have been known for weeks (if not months). Why did they not provide shareholders with a market update or a profit warning before paying out the latest dividend? Surely they must have appreciated that shareholders needed to decide whether to reinvest their dividends or not. Do the directors have any disclosure obligations in this situation?
npt: The Board was fully aware of the issues which hammered the share price today when the latest dividends were paid out. Did they not think that information that could hammer the share price by 20% should have been disclosed when shareholders were going to decide to reinvest the dividend or not. The remaining assets will probably be transferred to a new vehicle next year and a new performance structure will be put in place. So again, management will receive more management fees by extending the life of this fund an and a revised performance structure for the new vehicle. The goal posts will again be moved. The Investement Manager notes that 101p has now been returned to shareholders, but I would like to know what the IRR is over the life of the fund to date.5%? The fund manager is determined to get a performance bonus irrespective of the performance. Did the fund manager even do proper dd on Cardy, the builder at Stafford and Brocklebank? Frankly, I'm starting to find the whole affair extremely comical.
molrey: Orinocor, Nav has fallen from around 46p to 38.70p whilst the share price has fallen from around 48p to 39p this morning so a fairly rational market response I would say. A very disappointing update. In the interim report to 31/03/2016 they stated 'we remain confident that the end value for shareholders will exceed the 64.18p (46.18p adjusted to today's money) per share referred to above by a comfortable margin'. Today they are just confident of returning more than the 38.70p NAV. Will be interesting to see what price level they are willing to carry out share buybacks/director buys at.
simonsaid1: 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.
888icb: Good News on the planning front should give a boost to LXB share price.
Lxb Retail share price data is direct from the London Stock Exchange
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