The Local Shopping Reit Share Discussion Threads

[skyship] 21/5/2015 07:44

The important bit comes right at the end of the Chairman's Statement:

"Since the change of investment strategy adopted by shareholders in July 2013 we have sold GBP84.2 million of property, representing 49% of the Group's portfolio at that time. The remaining assets have been marketed and ongoing discussions are taking place with an interested party. In the event that those discussions prove fruitless then we will continue with a sales programme of individual assets or small portfolio sales. The majority of the interest rate hedges attached to the Group's debt expire in June of next year. This should result in a significant reduction in the Group's financing costs, with a corresponding improvement in cash flow, enabling us to accelerate the pace of disposals unfettered. To that end we will seek, subject to market conditions and capacity, to complete the disposal process by the end of 2017 and return cash to shareholders as soon as possible thereafter."

[my retirement fund] 21/5/2015 07:40

Should return around 13-15p in 3 years time then (unless some one buys the portfolio prior).

That's around 12% per year equiv interest from todays price.

[badtime] 21/5/2015 07:36

'The end of 2017' .....hmmmm

[skinny] 19/5/2015 13:35

:-)

Their Calendar still says 28th :-)

[badtime] 19/5/2015 13:22

They must have read my post :)

[tiltonboy] 19/5/2015 12:46

Thursday this week then. Not long to wait!

[skinny] 19/5/2015 11:30

Estimated 28th -

[badtime] 19/5/2015 11:29

Results this week?

[badtime] 05/5/2015 14:04

Good point Tilts!

[tiltonboy] 05/5/2015 13:21

Results in the next few weeks, so lets see if there is any update.

[badtime] 05/5/2015 13:11

Zzzzzzzzzz

[skyship] 16/4/2015 08:37

...and a 250k Negotiated Trade went through @ 31.5p after hours yesterday.

[skyship] 14/4/2015 08:08

Good to see LSR move better yesterday. No trades reported for days - but 100k bought @ 31p yesterday & reported on ISDX

[badtime] 23/3/2015 09:46

buy some more IERP :)

[envirovision] 23/3/2015 09:36

They want 32p to buy now, no thanks !

[stupidboypike] 17/3/2015 21:31

tilts - ta. very much on my watch list

[tiltonboy] 17/3/2015 17:27

sbp,
Just trying to say that I am being patient and nibbling on falls. I bought 40k today.

[skinny] 17/3/2015 17:06

Yes - that's about the 'strength of it'!

[eeza] 17/3/2015 17:03

Twice a half unit.

[stupidboypike] 17/3/2015 16:19

a unit being?

[eeza] 17/3/2015 16:19

Lol !!!!

Overpaid - for once.

[tiltonboy] 17/3/2015 16:16

Just taken a few more at 30.25p (looked a good price at the time!)

Now up to a 60% unit size.

[gfrae] 17/3/2015 09:15

He was a £50,000 p.a. blob,and no help in clearing up the mess he created,so better to use the money profitably.

[envirovision] 17/3/2015 09:00

Well if you look at what he used to say in his statements via the results, it was hardly anything in the finals just the odd line and nothing in the last half. That tells me he was hardly involved. I'm quite sure it was not strange, if he's not there most, if not all the time what is the point of him being Chairman ?

[redhill9] 17/3/2015 08:20

I disagree. His leaving seemed strange to me as it was announced to be "with immediate effect" with no pre-warning or reason given (such as ill health, other interests, etc), and he founded LSR so why leave just as it was in wind-down mode and the end was in sight (or appeared to be at that time).

Still, whatever the circumstances I'm pleased to see he appears to still hold all his shares and isn't the reason for the decline in share price over recent months. Also reassuring to note that New Solera still have their max 29.9% as with that size holding it can be assumed they know exactly what's going on at LSR, and are happy about it.