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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| London & Stam. | LSE:LSP | London | Ordinary Share | GB00B4WFW713 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 113.50 | 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 |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 113.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 22/9/2023 | 16:00 | RNSNON | LondonMetric Property PLC QuotedData's Weekly News & Interview |
| 30/8/2023 | 09:00 | RNSNON | LondonMetric Property PLC LONDONMETRIC ADDS TWO PV ARRAYS TO ITS PORTFOLIO |
London & Stam. (LSP) Share Charts1 Year London & Stam. Chart |
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1 Month London & Stam. Chart |
Intraday London & Stam. Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/2/2013 | 16:26 | London & Stamford Property - with Charts | 51 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 08/12/2011 12:10 by kiwi2007 London & Stamford (REDUCE) Secondary placement of 50m sharesLSP.L (115.2p, Target price 102p) Market cap: £628.8m It has been announced this morning that GE Asset Management is selling its 9.2% stake or c50m shares in LSP. The sole bookrunner is Credit Suisse and Peel Hunt is joint lead manager. We recommended REDUCE holdings in our November 28 2011 note (Revising forecasts) on the basis that our NAV forecast for FY12E was lowered to 114p in the current challenging environment. Our target price of 102p represents just a 10% discount to this, lower than the current sector average discount of c20%, owing to our belief that the management are very capable of surprising with attractive transactions and because the dividend - albeit uncovered in the short term - provides an estimated 6% yield for FY12E. If the placement price provides investors with an opportunity to acquire the stock close to our target price, then we would expect the subscription to be attractive for longer term holders looking for yield. As we pointed out in our note, we admire the disciplined and unsentimental management approach and are aware that the deals they are considering are lumpy - potential sale of the Radial portfolio (c£240m) and contemplating a residential REIT (currently LSP's residential assets are c£170m) - and if well executed could add value for shareholders. |
Posted at 08/12/2011 09:00 by whilstev Big fall today on sale of GE pension fund stake. Could be a great chance to buy coming at discount price. |
Posted at 22/6/2010 16:44 by skyship This overlay chart shows that back in Nov'09 it was indeed right to switch into the smaller and more active CIC - until very recently. CIC have fallen back and this predator now stands at a 26% NAV discount, with much of its assets in CASH. A good time to follow recent director purchases and take a few on board @ 107p. |
Posted at 19/11/2009 17:43 by skyship Thanks to Polarfox on the CIC thread for the above.CIC is a similar predator, but one successfully identifying the bottom and participating in the game with its acquisition of the quoted TAP (stealing it @ 50% of NAV thanks to the 20% stake sold by a nervous Jack Petchey) and yesterday a £44m portfolio @ a 9.9% yield. Yet CIC stands at a 15%+ discount to NAV. Sorry, has to be said, time to sell LSP & buy CIC. |
Posted at 07/8/2009 23:04 by moocher2 fancy lsp higher. trading up over the last 3 months. uk property market will turn in next 24 months and these guys well placed to take full advantage. 2 quid bt christmas! |
Posted at 10/7/2009 07:16 by kiwi2007 one for two at £1.05SUMMARY * Under the Placing and Open Offer, LSP intends to issue 215.0 million New Ordinary Shares, comprising: * 72.5 million Firm Placed Shares (representing gross proceeds of £76.1 million), pursuant to the Firm Placing, which have been conditionally placed with institutional and other investors by KBC Peel Hunt and are not subject to clawback; and * 142.5 million Open Offer Shares (representing gross proceeds of £149.6 million) to be made available to Qualifying Shareholders pursuant to the Open Offer, which have been conditionally placed with institutional and other investors by KBC Peel Hunt, subject to clawback. * The Placing and Open Offer has been fully underwritten by KBC Peel Hunt subject to and in accordance with the terms of the Underwriting Agreement. * The Issue Price is 105p, representing a discount of 13.75p (11.6 per cent.) to the closing mid market price of 118.75p per Ordinary Share prevailing on the London Stock Exchange on 9 July 2009 (the last business day prior to the issue of this announcement), and a premium of 2.7p (2.6 per cent.) to the last reported NAV per Ordinary Share of 102.3p as at 31 March 2009. * Under the Open Offer, Qualifying Shareholders have the right to subscribe for their pro rata entitlement of Open Offer Shares on the basis of one Open Offer Share for every two Existing Ordinary Shares. * The Board has committed to subscribe for 3,823,727 shares under the Placing and Open Offer. * The Placing and Open Offer is being carried out to provide further capital for LSP in order to continue to exploit market weakness and take advantage of high quality deal flow. * The difficult economic conditions, restricted availability of financing and weakness in the UK property market following a sustained period of rising values and plentiful availability of debt has created opportunities to acquire property assets at attractive yields. * LSP's senior management have a proven track record of anticipating UK property cycles whilst creating, building and exiting property vehicles which have delivered above-market returns to shareholders. Recent acquisitions have demonstrated LSP's ability to invest in high quality real estate assets generating high cash on equity returns. * To reflect the increased size and scope of the business, the Directors will consider applying to move the Company to the Main Market of the London Stock Exchange and convert into a UK Real Estate Investment Trust (REIT) as and when the appropriate requirements are satisfied and subject to the Directors' assessment of the benefits at the time. * It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 30 July 2009. Raymond Mould, the Non-Executive Chairman of LSP, said: "This fundraising, which has been heavily oversubscribed, is essential to maintain London & Stamford's acquisition capability, enabling us to continue to create value for our shareholders through the acquisition of high quality assets on attractive terms. We have demonstrated our ability to acquire prime property at high cash on equity returns. These additional funds give us further firepower to take advantage of the exceptional buying opportunities available." |
Posted at 09/2/2009 21:07 by topvest Net initial yield of 6.75% is quite an attractive price long-term for such an attractive asset. British Land while not severely distressed, obviously needed to de-leverage and it has cost them. Only ? is how much values will deteriorate further. I think we must be close to the bottom on commercial property, maybe 10-20% more downside, but then the value (versus borrowing costs) will become irresistable. |
Posted at 24/4/2008 16:10 by richjp Interesting feature on Motley Fool yesterday on this company. Unfortunately I do not know how to insert the link. Could somebody help?The article says that these guys set up two companies before to take advantage of depresssed property prices and then later sold them on very profitably. Apparently the last time it was some years after the previous proerty peak that their previous company share price started to move, so maybe there is no need to rush into this one. Having said that it might just go racing away in expectation! I think commercial property has further to fall and if so the people running LSP would seem smart enough to just sit on the cash for a while. Definitely one to keep an eye on. |
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