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% 31.25p 31.00p 31.50p - - - 0 06:33:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 0.6 0.8 41.1 25.78

Local Shop. Share Discussion Threads

Showing 2376 to 2398 of 2400 messages
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DateSubjectAuthorDiscuss
16/11/2017
11:40
SteMis - as they appear to have been mainly selling the less attractive properties, I would hope that your "maybe what they've got left is better quality?" is a fair reflection of where we now stand. The Update next month may cover that point.
skyship
16/11/2017
11:09
By 'last accounts' I meant the interims at 31 March 2017...
stemis
16/11/2017
10:18
Since the 2016 year end, they have sold in excess of £20m of assets at 1.9% discount to NAV...
tiltonboy
15/11/2017
23:53
Since the last accounts they've sold property valued at £11.8m for £10.9m after costs. If they applied that discount to the rest of the property, NAV would drop to about 37p. I'm not saying they will, maybe what they've got left is better quality?
stemis
15/11/2017
17:48
It would be nice to see a "clump" of properties go. They are on record as saying that they want to retain properties with a tighter geographic concentration. To this end, they have sold all of the East Anglian properties, much of Wales, as well as taking a knife to properties north of Watford. Whilst they have sold quite a bit in Scotland, it does appear that the Edinburgh portfolio might be pretty much intact. It would be nice to see those go as a mini portfolio...and hopefully at a decent price. There doesn't seem to be any reason why these properties have been retained, and it would now take a huge chunk out of outstanding stock. The figures, and an update to the roadmap are only four weeks away, so hopefully it won't make a fool of me. Hopefully the NAV is still north of 40p.
tiltonboy
15/11/2017
17:31
Those 3 properties with Allsops should bring in another £400k. HoW - agreed, seems somewhat strange that they haven't listed more for the December sales with Allsops, Acuitus or Pugh...
skyship
15/11/2017
08:15
I wonder if they are in the throes of shifting a package of properties as the number of properties finding their way to auction has reduced to a trickle
hillofwad
13/11/2017
17:40
tiltonboy, apologies you are quite right. All the information is easily available, I wasn't thinking.
redhill9
13/11/2017
11:22
I've noted a further 3 properties are in the Allsop auction for early December (138/144/153), nothing with Pugh.
strathroyal
08/11/2017
17:41
A simple bit of homework would tell you how much debt they have got, but if you can't be bothered to work it out for yourself: End Sep 2016 - Net debt £39.54m Announcement today that they have realised in excess of £20m from sales (say £20.54m), leaves net debt at £19m.
tiltonboy
08/11/2017
16:34
Hopefully not too much,if they have been repaying debt,which from memory they are able to do under the terms of the loans.
gfrae
08/11/2017
16:20
redhill, They will still have net debt.
tiltonboy
08/11/2017
15:58
Issue for me is have they sold the properties where market price and carrying value is closest first or last, as the sales discount seems to have widened on this last announcement
hindsight
08/11/2017
15:18
Has anyone been keeping track of (approximately) how much cash LSR should now have in the balance sheet compared to the value of residual properties and debt? The proportion of cash within the NAV must now be substantial and makes the discount even more appealing.
redhill9
08/11/2017
13:54
i'm happy to take the credit badtime!
frazboy
08/11/2017
13:27
There was me thinking it was my post :)
badtime
08/11/2017
12:09
frazboy - prescient you - we'll have to ask you to post here when we need an Update! 11th December not long to wait; and before then we have the final ACUITUS sale for 2017 - 7th December I recall...
skyship
08/11/2017
11:34
There we go, an update. Relevant parts seem to be the relatively modest discount (7.9%) on those latest 22 sales given their low average value, and that the company considers the piecemeal disposal to be complete, as outlined in the road map. Let's see what they say on December 11th.
frazboy
07/11/2017
11:43
I've not been watching closely but I had assumed they were trying to sell off the remaining properties as a whole - anyone know anything?
frazboy
07/11/2017
11:28
It's all gone very quiet
badtime
25/10/2017
13:11
Not surprisingly. DS appears to think his own shares are better value than these even at 31p.
gfrae
17/10/2017
10:22
That looks pretty respectable and the share price share price moving up too Thalssa have been busy elsewhere Maybe they are raising the necessary
hillofwad
17/10/2017
10:19
Our one property in the Allsop auction, Downham Market, went for 465k v 425-450 guide. We also had one in the Pugh auction today, but it was sold prior.
tiltonboy
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