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% 32.20p 31.00p 33.00p - - - 0 08:00:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 -0.9 -1.0 - 26.57

Local Shop. Share Discussion Threads

Showing 2651 to 2674 of 2675 messages
Chat Pages: 107  106  105  104  103  102  101  100  99  98  97  96  Older
DateSubjectAuthorDiscuss
22/5/2018
13:24
As I said at the time I've no idea why Duncan got involved here at all (at the inflated price he paid). He would have been far far better off buying back THAL shares for cancellation. Although THAL shares are at the 'Duncan discount' they are because justifiably the market is worried about how he'll deploy the money.
cockerhoop
22/5/2018
12:05
It is very unlikely would be a buyer of these at the moment when they can buy their own at an even bigger discount to NAV.
gfrae
21/5/2018
07:10
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/THAL/13647833.html Thalassa always seem to be wheeling and dealing so it's difficult to understand their position here . OK they failed to get a seat on the board so you might have anticipated them following through with a full on bid? Are they waiting for the portfolio to trim down to a bite size to snap up the remainder cheaply and hopefully turn a modest profit on their investment at 36p? So far they have buried a chunk of money doing SFA for a few years
hillofwad
16/5/2018
18:16
Assuming wrap up costs and 2018/2019 operating loss of £0.5m, and wind up by end March 2019, and the market currently thinks our remaining assets are worth 82.5p in the £ after adjusting for a RoR of 10% for capital from now until then. Where are these results.
frazboy
15/5/2018
17:09
Agreed. So, around ~83 or so left to sell. I think we'll get half year results in the next day or two. Who knows, we may even get an estimated liquidation value.
frazboy
15/5/2018
16:48
No major winners, though a couple of pleasing results to balance the disappointments. For the sake of 5k, we might find those offers are accepted. Hoped for a bit better, but at least another lot have gone.
tiltonboy
15/5/2018
16:40
I think that's a total of: £1.438m Sales Price vs. £1.335m Guide Price So, a 7.715% premium to guide, but a good few percent(5% to 10%?) below NAV, and that doesn't include lots 130 & 132. Not the best of days. It does look like property in the £400k+ range may be sticky
frazboy
15/5/2018
16:12
If I'm reading the website correctly Lots 130 & 132 are available for 5k over the last bid price (so, 230k and 400k respectively). These maybe some of the units that Hillowad was talking about taking a haircut on!
frazboy
15/5/2018
15:44
Disappointing start to say the least. Lot 89 - just about went for 50k, but had hopes for more. Lots 130 & 132 - didn't even meet reserve Lot 133 - at least went at 270 v 250k guide
tiltonboy
09/5/2018
17:29
Hopefully down to 50/60 properties after two rounds each of Allsop and Acuitus auctions, further Private Treaty sales, plus another Online Auction perhaps in September. I'm more comfortable with the smaller lots now than the larger assets. Hopefully they can be shifted off-market.
tiltonboy
09/5/2018
16:38
Hi Hillowad, I'm not sure there were ever any real cherries left to pick, but, the remaining properties are largely made up of the "core" that the company marketed as a whole, as they were deemed better quality. Perhaps not true for all of them... e.g. the 25k guide price shop in Eastbourne that had some coverage on here a couple of weeks ago DS's most recent comment on LSR, was, that is was a "cash management position", so I doubt he's interested in buying what remains. But you never know. I think 36p would secure what remains, but the board would have to recommend it, indicating that this would be around the likely wind up valuation. As for the duds, I was expecting a parcel of perhaps 40 properties to go through at the end of this financial year/start of next financial yaer, at perhaps, a 15% discount to NAV, just to ensure that the rapid wind up is achieved.
frazboy
08/5/2018
12:57
Frazboy All I know is what some west end investment agents have said who have undertaken some due diligence on behalf of potential purchasers on the properties there are no particular cherries left to be picked . Difficult to answer your question as at some stage there wont be enough properties remaining to justify the company existing so likely to wrap up the remaining few in a block sale to finish things off Its not unreasonable to expect some duds in a large portfolio especially with all the grief on the High Street You would have thought though where are Thalassa in all of this if they thought 36p was a good price to pay for their holding they will come up with an offer at some stage Certainly interesting Gfrae If the purchaser is VAT registered they will get the VAT back
hillofwad
08/5/2018
12:30
Re. The Rotherham property there is VAT to be paid. So anyone buying liable for VAT would only be receiving a yield of just over 10 % at £800,000.
gfrae
08/5/2018
12:07
but hillowad, even then, how much do you think those growlers would rub off the NAV?
frazboy
06/5/2018
09:02
Very satisfactory ,so far so good . Just got the feeling that hidden at the back of the portfolio somewhere there are a couple of growlers where the tenant has gone west
hillofwad
06/5/2018
08:00
hills, What did you make of the online auction results?
tiltonboy
06/5/2018
04:33
Actius Should be able to get a quick steer on Hinckley Lot 46 as the adjoining block of shops on Station Road is up for sale Lot 44 which should be interesting. As with Rotherham all these shops come with leases with break clauses so buyers factoring in rental voids into their bids .Rotherham also at £800k plus takes out a lot of individual punters Surprised that they didnt get this one away by private treaty at around this sort of level Perhaps they have had some interest hence the auction? The neg is the resi uppers have been sold off on along lease so there is no play there Certainly will be interesting to see where these prices fall Should imgaine though that the book values will be fairly full on these
hillofwad
03/5/2018
18:11
"Rotherham is an interesting one, and being one of the largest remaining assets, a 12.44% yield is not what I wanted to see" Yes, and that yield figure does not include the empty shop (no 6), so the actual yield would be more like 13%+ (occupied). I would have thought the Tesco would act as a good draw for businesses which benefit from the footfall. I'm hopeful of a fair bit more than guide. I would hope to see North of £1.5m for those 3 properties.
frazboy
03/5/2018
12:03
I will let the experts do that
tiltonboy
03/5/2018
10:05
Tilts - perhaps you’d like to buy it and then do a breakup?
sleepy
02/5/2018
23:12
Tend to agree. I had assumed that this was one of the five remaining £1M+ properties so that seems to me a potentially large loss.
strathroyal
02/5/2018
21:43
Wasn't expecting the catalogue until tomorrow. Rotherham is an interesting one, and being one of the largest remaining assets, a 12.44% yield is not what I wanted to see. I wondered if the asset might be better served, by splitting it into smaller blocks to sell.
tiltonboy
02/5/2018
20:42
There appear to be 3 properties in the Acuitus auction - 36, 46 & 60.
strathroyal
26/4/2018
17:39
Thanks Steve I'll email you in the morning.
profitaker
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