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ROAD Roadside Real Estate Plc

8.20
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Roadside Real Estate Plc LSE:ROAD London Ordinary Share GB00BL6TZZ70 ORD �0.00860675675675676
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 8.20 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 10.3M -9.32M -0.0651 -1.26 11.75M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 8.20 GBX

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Posted at 27/4/2024 09:20 by Roadside Real Estate Daily Update
Roadside Real Estate Plc is listed in the Hotels And Motels sector of the London Stock Exchange with ticker ROAD. The last closing price for Roadside Real Estate was 8.20p.
Roadside Real Estate currently has 143,261,138 shares in issue. The market capitalisation of Roadside Real Estate is £11,747,413.
Roadside Real Estate has a price to earnings ratio (PE ratio) of -1.26.
This morning ROAD shares opened at -
Posted at 27/3/2024 17:53 by mike the mechanic
@F&B
I agree, the CSS investment is already worth a multiple of the current share price.
Admittedly the pubs are a drag on the valuation so the sooner they're offloaded the better.
Posted at 21/3/2024 12:41 by mike the mechanic
Steative
I agree in general but the sale was 10% of the whole investment, reducing ROADs holding from 75 to 65%. Still a game changer investment which can increase the JV share (per previous announcement), pay down borrowings and fund further road side investments.
Don't forget that ROAD is also being paid and incentivised to operate the JV by Meadow Partners

GLA
Mike
Posted at 21/3/2024 11:49 by stealive
ROAD sold 5 per cent of their holding at 6 million pound. They made two point seven million profit on their original two point seven million investment. They still have a holding of sixty five per cent which on today's prices means they can draw thirty nine million. That would give them substantial leverage going forward.
Posted at 20/3/2024 17:44 by investmentguru
ROAD's share of the JV is just 3%, I believe!
Posted at 20/3/2024 16:56 by wildy1983
Yes , RNS today 20th March apparently selling 952 shares at £6302.53 per share in the subsidiary Cambridge Sleep Sciences to US based CGV Ventures , circa £6.0million. Sale reduces the company's holding to 65% from 75% , hence the 65% has significant valuation ( circa £30-40m ). Big reaction to Roadside's shares today ,up 187% . Hopefully there will be more uptick .
Posted at 09/7/2019 09:35 by grupo
Super-strength roads to contain miracle material graphene
Grant Prior 11 mins ago
Share

Graphene could soon be used to resurface and build new roads.

Highways England chiefs have linked-up with the Graphene Engineering Innovation Centre (GEIC) to see how the wonder material can improve the road network.

Graphene is up to 200 times stronger than steel and just one atom thick.

Highways England believes adding graphene into maintenance and renewals operations has the potential to extend asset life and make the network perform at an “industry changing level.”

They will now work with the GEIC to explore the operational and road user benefit of incorporating graphene into assets such as road surfacing and road markings as well as help to drive the development of a low carbon and digital road network.

Paul Doney, Innovation Director at Highways England said: “We are really excited about the opportunity to explore leading edge materials and what this might lead to for our road network.

“GEIC is at the forefront, having made the discovery here in Manchester, and by building a collaboration with our operations teams who understand the challenges, we are looking to deliver improved safety and performance of our roads.”

Grant Prior

Written by Grant Prior
11 mins ago

To share a story email
grant.prior@constructionenquirer.com
always off the record
Posted at 18/10/2017 16:06 by grupo
Germany's Hochtief confirms $20 billion bid for Spain's Abertis
David Reid | @cnbcdavy
Published 58 Mins Ago Updated 42 Mins Ago CNBC.com









Pau Barrena | Bloomberg | Getty Images

German construction company Hochtief has confirmed a takeover bid for Spanish toll road operator Abertis.

The bid, made at 18.76 euros per share, equates to a total of 17.1 billion euros ($20.1 billion).

Hochtief says it will issue 24.79 million new shares to help fund any takeover.

The Spanish firm ACS is the parent company of Hochtief.

Following the announcement, shares in Hochtief rose more than 3 percent.

The latest bid rivals an earlier offer of 16.3 billion euros from Italian road toll firm Atlantia.
David ReidBlog Writer, CNBC.com
Posted at 29/10/2012 07:44 by waldron
..New Road Tax Plan For Motorways And A-Roads
Sky News – 1 hour 34 minutes ago....Email
Print.......
View Photo.New Road Tax Plan For Motorways And A-Roads
....Drivers who use motorways could be charged a higher rate of road tax than those who stick to slower routes.

According to reports, motorists face a two-tier road tax under proposals being considered by the Government.

It has been suggested that drivers could be offered a lower rate of the tax if they agree not to use the country's trunk road network of motorways and major A-roads.

Those paying a higher rate of vehicle excise duty would be free to use any roads.

Proponents say a network of automatic number-plate recognition cameras could be used to catch any drivers who were using the motorways without paying the higher rate.

A Department For Transport (DFT) said: "The department and Treasury are currently carrying out a feasibility study to review new ownership and financing models for the strategic road network.

"This is looking at how best we can secure investment in the network to increase capacity and boost economic growth."

Activists have long sought to explore revenue generation options for road users.

Concepts have included expanding toll booths across the motorway network and a system based on mileage.

The DFT spokesman added: "The Government has made clear it will not implement tolls on existing road capacity and has no plans to replace existing motoring taxes with pay-as-you-go road charging."

..
Posted at 05/6/2012 20:44 by waldron
UPDATE: Vinci No Longer Preferred Bidder for Western Strasbourg Bypass
Date : 05/06/2012 @ 19:45
Source : Dow Jones News
Stock : Vinci (DG)
Quote : 32.44 0.34 (1.06%) @ 16:39
Vinci share price Chart Trades Level2



UPDATE: Vinci No Longer Preferred Bidder for Western Strasbourg Bypass
Share this article PrintAlert
Vinci (EU:DG)
Intraday Stock Chart
Today : Tuesday 5 June 2012
--French Strasbourg bypass project held back by financing issues
--French Ministry said that Vinci had failed to meet deadlines on bank talks
--The 55-year contract represented investments of around EUR750 million
(Rewrites with comment from French ministry.)

By Nadya Masidlover
PARIS--The French state has withdrawn preferred-bidder status from French construction group Vinci SA (DG.FR, VCISY) for the concession contract for the A355 western Strasbourg bypass after the company did not meet deadlines concerning financing for the project.
In a statement Tuesday, the French Ministry for Ecology, Sustainable Development, Transport and Housing said that despite the deadline for agreements with banks having been postponed twice, Vinci had failed to wrap up talks for financing within the required period.
The company denied Tuesday that it had abandoned the project and said several banks had already confirmed their participation in its financing.
"The extension of the preferred-bidder status beyond [May 28] would have enabled the last two financial institutions to confirm their participation in the project and finalize the financing arrangements within the maximum authorized timeframe," said Vinci in a statement.
The 55-year contract to design, finance, build and operate a new 24-kilometer section of the toll motorway represented total investments of around EUR750 million.
No spokesman at Vinci was available to give further details.
The ministry said that the "environmental difficulties" concerning the project had prevented the European Investment Bank from intervening.
Discussion will now be undertaken in at a local level to find a solution to Strasbourg's transport issues, said the ministry.
-Write to Nadya Masidlover at nadya.masidlover@dowjones.com
Posted at 16/8/2011 09:15 by waldron
Highway Spending Often a Dead-End Investment: Edward Glaeser

Illustration by Tim Lahan

By Edward Glaeser Aug 16, 2011 2:00 AM GMT+0200 0 Comments Q.
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Business ExchangeBuzz up!DiggPrint Email ..About Edward Glaeser
Edward Glaeser, a professor of economics at Harvard, is the author of "Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier and Happier."

More about Edward Glaeser
.There is a time to spend and a time to cut and we are now in an age of austerity. Even since Standard & Poor's downgraded the U.S.'s AAA credit rating earlier this month, some Keynesians still favor more spending. They say the threat that the economy will dip back into recession calls for more public outlay.

They are right that the recovery is weak. Seasonally adjusted unemployment remains at 9.1 percent, and among people older than 20 the rate actually fell from June to July, according to the U.S. Bureau of Labor Statistics. Europe's debt problems are unsolved and the U.S. stock market is extraordinarily volatile.

But Congress has made clear it won't respond by spending more money -- and that is probably a good thing. In the past, stimulus funding has been aimed at improving roads, airports and other forms of infrastructure. Yet it's not at all clear that such spending provides enough value for the dollar.

Consider, for example, spending on highways. President Barack Obama's 2012 budget called for investing $556 billion on surface transportation over the next six years.

If we spend an extra $100 billion building roads, we boost the economy and reduce unemployment. But if the $100 billion spent generates only $50 billion worth of value to drivers in the form of safety and faster, smoother commutes, then it's not necessarily worth the price.

Unfortunately, as the Office of Management and Budget noted when it evaluated federal spending on highways, in most cases "funding is not based on need or performance and has been heavily earmarked."

Need for Roads
Fans of infrastructure spending often argue generally that America's great need for improved roads, bridges, airports and the like calls for federal outlays, but their case has never been made convincingly.

The McKinsey Global Institute, for example, has cited relatively low broadband penetration in the U.S., and the nation's world ranking in infrastructure, which fell to 23rd in 2010, from seventh 10 in 2000.

It is true that only 68 percent of American households have broadband, compared with more than 95 percent of South Koreans. But South Korea strongly subsidizes broadband. And it's not clear why the U.S. government should do the same. Why bribe people to download YouTube videos more quickly?

Only 3.1 percent of people who don't have broadband say it's because they lack access to it, according to the National Telecommunications and Information Administration. Most people say it's because the connection is too expensive, or they are just not interested.

Our infrastructure ranking isn't all that bad in comparison with our standing on budget-balancing: 118th, right ahead of Romania. On wastefulness in government spending, the U.S. ranks 68th, just behind Ghana. These numbers don't exactly suggest it would be a good idea to borrow more money to spend on tunnels and dams.

Of course, we still need to fix our infrastructure, but we ought to find ways to invest in it more economically. Why not, for example, get users to pay? Many roads and airports, for example, benefit primarily the people of a single state. So it would make more sense to have state governments foot the bill.

Congress has made it clear that it wants to not only avoid new stimulus spending but also find ways to further trim the budget. The way to do this wisely in a slow economy is to overhaul government. And in doing so, we should aim at our great entitlements: Social Security and Medicare.

Raise Retirement Age

If it weren't for the politics involved, reducing spending on Social Security would be easy: Just increase the retirement age. Cuts to Medicare, on the other hand, would be hard both politically and conceptually. I can't wait to see the proposal produced by the Congressional supercommittee that is being formed as a result of the recent deal to raise the debt limit.

A good cost-benefit analysis of our various defense programs is in order, too.

After that, we are left with four big budget categories that aren't related to entitlements or national security: health and human services; education; transportation; and housing and urban development. This spending includes some investment and some humanitarian relief. Money for education serves both functions, given that America's economic future depends on its human capital. So education isn't a good target for deep cuts.

On the contrary, saving money by reducing school spending would be penny-wise, pound foolish. Both the "Race to the Top" and "No Child Left Behind" programs help ensure access to decent schooling. Massachusetts lifted its limit on charter schools partly to qualify for "Race to the Top" funds.

Can spending on infrastructure possibly be as important? Certainly, trucks need to be able to move swiftly throughout America, but truckers should be able to pay for their own roads. Good airports are also important, but air passengers can finance their own amenities. We shouldn't have to subsidize people to drive or take planes.

Rethink Poverty Programs
Compared with most advanced economies, the U.S. spends relatively little on social safety. To cut our spending on food stamps, housing vouchers or temporary assistance for needy families would be to cause real suffering. The right approach is not to keep the same system and spend less, but to rethink our approach to poverty. We could start by consolidating three massive programs, now each run by a separate department: Agriculture handles food stamps, Housing and Urban Development runs the housing program, and Health and Human Services manages Temporary Assistance for Needy Families. A single entity should be charged with delivering the most effective combination of aid our budget can buy.

Needless to say, savings could be found in many other programs, including the National Aeronautics and Space Administration and agricultural subsidies. Tax breaks for things such as ethanol and low-income housing could certainly be reduced.

None of these reductions should happen right now, of course, while the economy remains very weak. But Congress can enact budget cuts that are phased in as the recovery progresses.

We can create a better government, if we are careful to trim spending where costs exceed benefits. Let's pull out our green eyeshades and start calculating.

(Edward Glaeser, an economics professor at Harvard University, is a Bloomberg View columnist. He is the author of "Triumph of the City." The opinions expressed are his own.)

To contact the writer of this article: Edward Glaeser at eglaeser@harvard.edu.

To contact the editor responsible for this article: Mary Duenwald at mduenwald@bloomberg.net.
Roadside Real Estate share price data is direct from the London Stock Exchange

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