Share Name Share Symbol Market Type Share ISIN Share Description
Lon.& Ass.Props LSE:LAS London Ordinary Share GB0005234223 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 20.00p 18.50p 21.50p 20.00p 20.00p 20.00p 6,325 06:39:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 29.7 -1.0 -2.8 - 17.02

Lon.& Ass.Props Share Discussion Threads

Showing 451 to 473 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
22/6/2017
07:41
The controlling family here will continue to rip you all off until someone (Sorry - I don't hold & live abroad) is prepared to go to the AGM and disrupt sufficiently vehemently so as to create a response. Did that back in 2003/4 with LNT as the Directors were seeking to hijack the company for their own ends rather than repay capital to shareholders as approved. Take a pre-briefed financial journalist with you. Look below - 2 weeks ago the family given a green pass to continue doing as they please: ============================================================== 7 JUNE 2017 - London & Associated Properties PLC ("LAP") LAP is pleased to announce that at the Company's Annual General Meeting held on 6 June 2017 at 24 Bruton Place, London W1J 6NE all ordinary and special resolutions were duly passed. etcetcetc
skyship
21/6/2017
20:59
Yes, that's the issue. Need to cut salaries here and at Bisichi. The level of director remuneration versus the dividend is absolutely ridiculous.
topvest
19/6/2017
23:22
SkyShip, I appreciate you keeping us in touch.
coolen
19/6/2017
13:25
ST ditches LAS in his IC Online article today: The failure of the board to reduce operating costs so the company can actually turn a profit and reward shareholders with a decent dividend is the real issue. For example, the chief executive's take-home pay is more than four times the distribution to shareholders. That's rich considering the company has accumulated pre-tax losses of £5.75m over the past three years, during which time its fully diluted NAV has declined by almost a quarter to 44.8p a share and fell, yet again, this time around. So, despite the deep share price discount to book value, I see little point holding on. Sell.
skyship
31/8/2016
20:41
Think the TK Max re-let will be a revaluation up and not down. It's at a lower rent but over a longer period to a high quality anchor tenant. The letting to Virgin Money also looks positive. Certainly agree with you though that this is struggling with too much debt. Only hope is to pay down some of the higher cost debt and reduce Heller pay packages. They haven't been profitable for years. Not a lost cause at all, but definitely not my smartest buy adding a small position in this a few years back as they are invested in a declining sector. Ratio of MD pay to dividend and finance cost today says it all really.
topvest
31/8/2016
15:43
NOTICED THEY MADE A LOSS WHICH HAVE BEEN CLOSE TO BREAK EVEN HAD IT NOT BEEN FOR £1M PER YEAR HELLER TAKES OUT. LOSSES TO COME ON ON BIG TENNANT IN SHEFFIELD KNOCKING £150K PER YEAR IN INCOME.THAT WILL KNOCK VALUATION AT YEAR END. PROBLEMS WITH BRIXTON TENNANT NOT MENTIONED AT LAST YEAR END IS CAUSING THEM GRIEF. PROBABLY ANOTHER WRITE DOWN TO COME STRUGGLING TO PAY ITS HIGH INTEREST DEBTS BUT WITH FALLING INCOME AND VALUATIONS RUN FOR THE HELLERS BENEFITS AND NO ONE ELSES
ntv
05/5/2016
14:42
Not again surely - that Simon Thompson is truly incorrigible - always trying to rally further buyers to support failing tips.... (Do that myself occasionally perhaps!)
skyship
05/5/2016
14:32
pushed by inv crh this week
cnx
29/4/2016
18:40
Rubbish results yet again and same old derisory dividend relative to directors pay.
topvest
20/4/2016
08:21
las figures for directors monies Executive Directors Sir Michael Heller* 7 91 40 - 138 n/a 138 J A Heller 333 442 24 36 835 n/a 835 R J Corry 180 - 25 33 238 n/a 238 520 533 89 69 1,211 - 1,211 Non-executive Directors H D Goldring*+ 43 - 5 - 48 n/a 48 C A Parritt *+ 32 - - - 32 n/a 32 R Priest * 63 - - - 63 n/a 63 138 - 5 - 143 - 143 Total 658 533 94 69 1,354 - 1,354
ntv
20/4/2016
08:17
note the total of directions monies =£1.5m for a company with a mkt cap of £4m !!!!!!
ntv
20/4/2016
08:17
note the total of directions monies =£1.5m for a company with a mkt cap of £4m !!!!!!
ntv
20/4/2016
08:16
Annual remuneration report The following information has been audited: Single total figure of remuneration for the year ended 31 December 2014 Salaries and Fees Bonuses Benefits Pension Total before Share options Notional value of vesting Share options Total 2014 Executive Directors Sir Michael Heller 75 - - - 75 - 75 A R Heller 450 300 54 32 836 26 862 G J Casey 124 100 14 16 254 - 254 R Grobler 149 102 15 8 274 - 274 Non–Executive Directors C A Joll* 25 - - - 25 - 25 J A Sibbald* 2 - 3 - 5 - 5 Total 825 502 86 56 1,469 26 1,495
ntv
20/4/2016
08:10
so what properties do las manage for bisi, does any body know? or are they just imaginary?
ntv
20/4/2016
00:23
I agree with all your points. The old rules, aggregated "control" by counting all associated parties (including all family members) which seemed to make much more sense. Ridiculously, the rules have changed whereas "control" is now judged by whoever holds, on a day to day basis, the voting rights on each block of shares. So you no longer have to aggregate family members if they each pretend independence. It's called "increased transparency" !
coolen
19/4/2016
23:52
SUBSTANTIAL SHAREHOLDINGS At 31 December 2014 Sir Michael Heller and his family had an interest in 47.6 million shares of the Company, representing 56.3 per cent of the issued share capital net of treasury shares (2013: 47.6 million shares representing 56.5 per cent). Cavendish Asset Management Limited had an interest in 7,705,611 shares representing 9.12 per cent of the issued share capital of the Company (2013: 7,717,314 shares representing 9.16 per cent). James Hyslop had an interest in 3,856,258 shares representing 4.56 per cent of the issued share capital of the Company (2013: 3,856,258 shares representing 4.58 per cent). The Company does not consider that the Heller family have a controlling share interest irrespective of the number of shares held as no individual party holds a majority and there is no legal obligation for shareholders to act in concert. Therefore the Directors deem no party to have control. if no individual holdings are listed so how come it is not a concert party? hyslop won't change anything unless he breaks up the concert party and brings cavendish on board i am more likely to win the euro millions jackpot even though i don't even buy a ticket!
ntv
19/4/2016
23:46
As I understand it, Hyslop was a much-respected property analyst at the equally respected stockbroker Phillips & Drew. He clearly recognises the large nav discount. Taking LAS and Bisichi private seems the more obvious option, giving present day regulatory costs of running a listed plc. But selling out to a larger group would give CGT rollover relief. It would be fascinating to know what, if any, discussions Mr Hyslop has had with the Heller family.
coolen
18/4/2016
11:41
Let's hope James Hyslop can fire the board up
jbarcroftr
14/4/2016
21:30
Market makers need to make hay whilst the sun shines. The mugs buying are well mugs!
my retirement fund
14/4/2016
20:55
Surprised it had this impact. Simon Thompson is not exactly the best stock picker of all time!
topvest
14/4/2016
12:07
Just been tipped in the IC by Simon Thompson- Http://www.investorschronicle.co.uk/2016/04/14/comment/simon-thompson/exploiting-a-valuation-anomaly-PzbKTpp5SUkfjA843XVjZJ/article.html Http://www.investorschronicle.co.uk/comment/simon-thompson
tromso1
15/2/2016
21:17
You could be buying the FD's stock (!)
coolen
15/2/2016
19:25
i think topvest is correct in the definition i have read from the fca, however if the results are poor this would without doubt be insider dealing as the fd 2 months after the year end would know morte than anyone how the company has performed which is why i have made a note. i am sure that nobody would be so stupid though to sell in such circumstance so i take it that the results will be fine and perhaps therefore by some strange reverse logic it may be a buying opportunity!
bisiboy
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