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 Shares Traded Last Trade
  +3.00p +11.76% 28.50p 97,001 16:24:00
Bid Price Offer Price High Price Low Price Open Price
27.00p 30.00p 28.50p 25.50p 25.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 29.7 -1.0 -2.8 - 24.25

Lon.& Ass.Props (LAS) Latest News (4)

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Lon.& Ass.Props (LAS) Discussions and Chat

Lon.& Ass.Props Forums and Chat

Date Time Title Posts
23/4/201821:14LAS charts203
22/4/200915:29Official Thread270
09/3/200313:51The London and Associated Properties Thread-
31/8/200223:17LAS Official Thread2

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Lon.& Ass.Props (LAS) Most Recent Trades

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Lon.& Ass.Props (LAS) Top Chat Posts

Lon.& Ass.Props Daily Update: Lon.& Ass.Props is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker LAS. The last closing price for Lon.& Ass.Props was 25.50p.
Lon.& Ass.Props has a 4 week average price of 25.50p and a 12 week average price of 22.50p.
The 1 year high share price is 28.50p while the 1 year low share price is currently 18.25p.
There are currently 85,094,349 shares in issue and the average daily traded volume is 48,012 shares. The market capitalisation of Lon.& Ass.Props is £24,251,889.47.
topvest: Absolutely. That's what I thought exactly. At least this will sort out their expensive debt maturities and they live to fight another day. No doubt, a big bonus for management and a derisory dividend for shareholders though. Anyway, at least they are not going bust so the share price should rally.
skyship: 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.
jbarcroftr: Share price continues to drift No news that I can find And with the financing sorted and the assets fully let Time for an activist investor group or predator to emerge Perhaps the institutional investors will ask the board to wake up The share price must be almost at a 50% discount to net assets
bisiboy: topvest-the point is they dont need to clean up their act because i dont think they care about their share price if they did they would.
davdreamer: This share price is quietly on the up. Don't tell anybody as it might just be bad luck
red army: A NAV of 80p ish - why this share price of 40p ish???????????
sscrabble: on their website Final results for the year ending 31 December 2009 are expected to be announced on 30 April 2010. I too am expecting a massive rise in their nav and a boost to the share price.
skyracer: Healthy rise today in real estate sector. Nothing from LAS. But if real estate falls tomorrow, chances are MM's will lower LAS price again. This repeated ratcheting has resulted in an exceptional underperformance by LAS relative to its sector.
bisiboy: true but, they dont give two hoots about the share price, as long term concentrating on delivering the business will mean share price looks after itself. headline rate for solihul doesnt look very clever, but i am sure they have spotted some opportunity
skyracer: It seems picky to complain when I have done so well from my investment in LAS, but the lack of corporate activity is irritating. IMO there has never been a more appropriate time for LAS to develop and move on, instead of doing the same old thing and missing the corporate boat. There are a wide variety of actions they could take. The size of the family shareholding is a constraint to liquidity and institutional interest, they could relax it (or tighten it as liquidity is a double-edged tool). Then there is the Bisichi shareholding and the BISI property assets. Or how about a timely change of investment direction? They could consider a buyout, a sellout, takeover, reverse takeover. At the very least another tender offer could be made, or a program of buying treasury shares. These ideas are just for starters. Market perception matters. Other companies have not sat on their hands. Halladale were recently sold for well in excess of their NAV. HDG were never as good quality as LAS, but their CEO, David Lockart, had entrepreneurial initiative in spades. In non-property shares we currently have ZRL (mining) enhancing the structure, and share price, of their company through corporate activity. I could go further back, EDG and BTB. In property companies, London Securities (LSC) is an excellent example of enhancing shareholder value through corporate action, their innovative reverse takeover of a fire extinguisher company was responsible for the tenfold increase in their share price. Superb. You have to match up needs; assets and cashflow matched to growth. What is the point of being a plc if you dont make use of it? Come on LAS show a bit of life. I hope I will shortly be proved wrong by an RNS.
Lon.& Ass.Props share price data is direct from the London Stock Exchange
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