Share Name Share Symbol Market Type Share ISIN Share Description
Local Shop. LSE:LSR London Ordinary Share GB00B1VS7G47 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 31.30p 30.40p 31.80p - - - 0 08:12:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 -0.9 -1.0 - 25.82

Local Shop. Share Discussion Threads

Showing 2776 to 2797 of 2800 messages
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DateSubjectAuthorDiscuss
09/8/2018
11:57
Seem to be preparing for another online auction, Allsop site shows 17/09 but no props yet.
strathroyal
09/8/2018
11:12
Not sure what news that could be Tilton. Only news that I'm expecting that is material is the discount to NAV of that bunch of assets they've flagged as being subject to contract in several recent RNSs - if the discount is modest then there's a penny or so if upside from here. We shall see
frazboy
09/8/2018
10:47
A flurry of activity on Tuesday, and even more so today with the SETS board seeing the trades. Just hope somebody knows something!
tiltonboy
18/7/2018
09:01
I think LSR have escalated the sales process as there is still plenty of blood in the High Street Last summer with a partner we bought an attractive ex bank occupying a prime 100 % corner position in a small town . It had been empty since Feb 2016. We ended up paying 25% !!!of the original asking price which wasn't particularly high in the first place !The best we are able to do is let to a local charity on a low rent and just got planning to convert the upstairs to a 2 bed flat
hillofwad
18/7/2018
08:34
Hopefully in the case of LSR that is an academic question ,HOLTS.
gfrae
18/7/2018
08:27
Do you not think the overwhelming pressure from tenants and potential tenats will be for considerable rent reductions ? particularly anything retail , the nonsensical rate review which has flown in the face of market pressures along with declining footfall can not be ignored by landlords .
holts
18/7/2018
07:40
The rent on unit2 compared to others is massively overented. They have a break clause in August terminating their tenancy in November which puts the tenant in a very strong bargaining position Unit 1b It looks as if the development was built in 1990 when 25 year leases were the norm We would certianly want to speak with them before committing to see their intentions I would be very surprisied that LSR haven't had that conversation hence their keenness to get rid of the asset first before August.Perhaps this would explain why this hasn't sold yet? Ground Rent The problem is that irrespective of the level of occupancy rain ,wind or shine if rental income and occupancy levels reduce you still have to pay it It doesn't sink in synch . High Risk of the bank vacating on lease expiry So looks cheap but certainly comes with high risk factors !
hillofwad
17/7/2018
17:54
Ah I see, the vat can be reclaimed, yes? The ground rent is stated to be upwards only to 10% of the gross rentals. So presumably it would not increase unless the gross rent was over £140k. I would be looking more closely at the individual leases were I to buy. What makes you think unit 2 would drop to 10k if renewed? Unit 1b looks strange - approx 25 years from 1990???
alanji
17/7/2018
17:52
Sold out day before Brexit on basis of declining values if vote went as it did , they have generally done better than I thought they would though , although the final result is still open to question .
holts
17/7/2018
16:17
Alan Unfortuanately yes We will have to get it VAT registered and time the completion to coincide withe end of the VAT quarter so as not to be exposed for long I can see why buyers are a bit reticent as you are stuck with an upwards only review on the ground rent on an overrent . Should it really get blighted in the future you are stuck with it On Unit 2 they have got you by the proverbials its either Goodnight Irene or a massive haircut on the rent Probably £20k down to £10k pa So really wouldnt want to be paying much over £500k
hillofwad
17/7/2018
15:01
That actually looks quite an attractive proposition, hillofwad. However, vat is payable so does that mean the cost is actually 600k? Also ground rent of 14k is payable.
alanji
17/7/2018
12:56
I sold out in June as it was becoming apparent that the medium sized properties were struggling to sell at a satisfactory level. This is illustrated by Highworth which had been offered at over £400k and didn't even reach it's lowered reserve of £350k at the recent auctions. (I see that it is now showing as Sold After). I've ended up with a very small profit from what was my biggest investment but, following yesterday's update, a feeling of relief. There do appear to be a lot better investments out there so I'm off to try a different strategy. Finally, must give HoW the heads up as he seems to have called the final result better than me. GLA.
strathroyal
16/7/2018
11:33
You can't estimate the wind up NAV from the latest RNS in isolation. 33p +/- 1p looks about right
frazboy
16/7/2018
11:25
Working back from the 39p NAV at end Mar, I get 34p now. But only 26p if I try and build up to the NAV (I assumed 2m cash now as at end Mar, but this is one of the unknowns from that RNS). All very rough (and probably incorrect?). Would be interested in other’s estimates.
papy02
16/7/2018
10:26
fraz, The discount overall.
tiltonboy
16/7/2018
10:25
Surely it is £23.9m less the debt of £1.3m, less a discount plus some accrued rent. ?
gfrae
16/7/2018
10:14
Tilton - what aspect is disappointing? The discounts at the auction?
frazboy
16/7/2018
09:44
I make it a potential £10.59m to distribute. The portfolio comprises 86 properties valued at GBP23.9m. Within this, we are progressing a number of private treaty sales and have agreed terms, subject to contract, on 26 properties (total book value GBP10.5 million). This leaves 60 properties valued at GBP13.4 less outstanding bank debt, which now stands at GBP1.3m = £12.1m Apply the 7.9% discount (on the 16 props sold) plus 4.6% costs = 12.5% discount. Leaves £10.59m But presumably the remaining props are the dogs and may require a bigger discount to offload. Plus winding up costs.
eeza
16/7/2018
09:19
What do you expect, most of their portfolio is made up of grotty little corner shops in towns with more in common with Aleppo, basically bombed out!!
bookbroker
16/7/2018
09:05
Very disappointing news.
tiltonboy
16/7/2018
08:38
MRF - "when I think Skyship quoted some lofty pie in the sky realisation" - can you elucidate please? Are you perhaps referring to the 36p I had been anticipating?
skyship
16/7/2018
08:17
As I said earlier to you all when I think Skyship quoted some lofty pie in the sky realisation. I think you'll more likely see 30p.Im now wondering though if thats s little high? I had not reckoned on upto 5% sales costs. However suppose the marketing and commissions on difficult lots are obvously much higher.
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