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LAS London & Associated Properties Plc

9.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
London & Associated Properties Plc LSE:LAS London Ordinary Share GB0005234223 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 9.50 26,783 01:00:00
Bid Price Offer Price High Price Low Price Open Price
8.00 11.00 9.50 9.50 9.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 100.24M 2.7M 0.0317 3.00 8.11M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:08:58 O 13,616 9.60 GBX

London & Associated Prop... (LAS) Latest News

London & Associated Prop... (LAS) Discussions and Chat

London & Associated Prop... Forums and Chat

Date Time Title Posts
27/3/202412:05LAS charts292
22/4/200915:29Official Thread270
09/3/200313:51The London and Associated Properties Thread-
31/8/200223:17LAS Official Thread2

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London & Associated Prop... (LAS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 11:09:009.6013,6161,307.14O
2024-04-19 11:01:279.604,167400.03O
2024-04-19 09:08:289.609,000864.00O

London & Associated Prop... (LAS) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by London & Associated Prop... Daily Update
London & Associated Properties Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker LAS. The last closing price for London & Associated Prop... was 9.50p.
London & Associated Prop... currently has 85,326,000 shares in issue. The market capitalisation of London & Associated Prop... is £8,105,970.
London & Associated Prop... has a price to earnings ratio (PE ratio) of 3.00.
This morning LAS shares opened at 9.50p
Posted at 02/12/2023 14:02 by pdosullivan
I would be disinclined to read anything into price moves when only a few hundred pounds worth of shares were traded.
Posted at 25/8/2023 08:51 by tigerbythetail
And dreadful results from LAS this morning as well...
Posted at 02/8/2023 14:01 by bozzy_s
It's worth zero. Literally 0p per share, if shareholders get zero return while the directors take tens of millions of pounds over the years.

Doesn't matter what the properties are worth. Doesn't matter what cash they have. No takeover is possible due to director's holdings. And they're not going to accept any takeover as it'll be the end of their gravy train.
Posted at 04/4/2023 17:42 by tigerbythetail
Yes, I see value in both. More LAS than Bisichi, because of the valuation mismatch I indicated in my previous post.
There are concerns here - liquidity (you really shouldn't invest too much here, even though the numbers are appealing, simply because of this consideration), and board remuneration is too high and communications are basic. But Bisichi will likely report a P/E of less than 1 (!) when it releases its annual results. Where else can you find a number like that?
And $140/t for coal might not match the profits of last year, but it is still plenty good for Bisichi looking forwards.
I do wonder if the Hellers won't try to take both companies private sooner or later.
Posted at 04/4/2023 16:14 by 1jbrisky
TBTT
I'm aware of Bisichi having held Thungela for the last 18 months or so. Would you now consider investing in either LAS or Bisichi or indeed both?
Noting of course that as with all small market caps, trading even a few thousand pounds at a time can be challenging.
Best
JB
Posted at 04/4/2023 13:13 by tigerbythetail
Market cap of Bischi = £25.03m
LAS own 41% of Bisichi
Value of LAS stake in Bisichi = £10.26m
Market Cap of LAS = £12.3m
(And I'd argue that Bisichi is rated very cheaply as well, considering the bumper profits it is about to report, and the fact that forward Richard's Bay coal prices are looking good at $140/t. (They're way off the peak prices of last year, of course, but $140/t equals a lot of profit for Bisichi)).
So, all those UK property assets are worth only about £2m quid?!? Really?!?
Posted at 29/3/2023 09:43 by tigerbythetail
BISI RNS - John Heller appointed to board over there.
Since LAS own 41% of Bisichi, and they should shortly announce bumper profits, I presume he should be an advocate for a bigger dividend from them.
Posted at 24/8/2022 09:20 by tim000
One way to look at LAS is to strip its BISI holding at mkt valuation out of the LAS mkt cap and compare the residual to the book value of LAS’s property assets, net of all debt and cash holdings, as Andy says. On this basis, you’re paying about 13p in the £ for the property assets. A realistic valuation of its BISI shares would imply LAS’s property portfolio has a negative valuation.
Posted at 24/8/2022 09:11 by andydaf
Seems to me market is pricing LAS at near enough the value of the shares it holds in Bisichi.Surely the value of the property portfolio must be worth more than a few million?I am not a trader but have taken a couple of batches over the last couple of weeks as in my view there is deep value here.I accept that a certain persons pay seems excessive but if Bisichis profits are going to be what i think they will be theres every chance Las is a bargain.As always GLA
Posted at 23/8/2022 13:18 by my retirement fund
LAS currently market caped at 20M, its last reported NAV per share from last year was 48p and is currently trading at 24/25p

Taking into account its 41% ownership of BISI and on going events with BISI's fortunes, its NAV could be well north of 60p!

Las needs to sell its stake now imo.
London & Associated Prop... share price data is direct from the London Stock Exchange

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