London & Associated Prop... Share Discussion Threads

[ntv] 04/10/2018 08:17

Interesting price movements recently

[ntv] 09/9/2018 17:31

Maybe some news on court case re Brixton property assuming I understood the content of the finals correctly
No new buying by Mr Perloff lately
He seems more interested in purchasing CFYN shares currently

[topvest] 26/8/2018 16:20

The prospects for LAS are not very appealing at all, unless they demerge the BISI shares which should be an absolute no-brainer, as it would simplify things enormously. LAS has struggled for years to generate an income surplus and probably never will, given the excessive management costs. Our only hope is that Perloff pressurises them into doing the right thing. BISI is more valuable than LAS in my view, but I'm regretting being involved with either!

[ntv] 26/8/2018 13:44

maybe part of statement has been missed from the report?

[ntv] 26/8/2018 13:43

so are they going to go higher than a second floor?

[ntv] 26/8/2018 13:43

In May, along with Bisichi, we formed a new joint venture with Metroprop Real
Estate Limited, an established and successful developer, and exchanged
contracts on a property in West Ealing, London. LAP and Bisichi will each own
45% of the joint venture. The agreed price for the property is GBP5.6 million,
and LAP and Bisichi each will invest cGBP1.0 million.

The property is a parade of five shops with a service yard which has an
existing planning consent for eight flats at the first-floor level. We are
looking to increase substantially the number of flats and will be making a new
planning application in due course. West Ealing is on the new Elizabeth Rail
Line that will cut journey times to the West End to just 15 minutes, and we
believe the flats will be highly desirable. We anticipate that the flats will
have a gross development value of sub GBP500,000 per unit. Completion is
scheduled for late August.

[ntv] 26/8/2018 13:40

In other news, and as reported to shareholders earlier this year, the Group has
formed a joint venture to acquire the freehold of five shops and to develop
flats in West Ealing, London. Bisichi and London & Associated Properties PLC, a
41.52% shareholder of Bisichi, each own 45% of the joint venture, with the
remaining 10% owned by Metroprop Real Estate Ltd. The joint venture includes
shops that produce a current rent of cGBP140,000 per annum and has planning
consent for 20 flats at first and second floor which will be eligible for the
UK Government Help to Buy Scheme. At present the Group has no further news to
report on this exciting real estate transaction, however we look forward to
updating shareholders as the development progresses.

this seems to be different from the lAS statement

[ntv] 26/8/2018 12:58

Other

We do not intend to pay a dividend at the half year point; however, our
strategy is to maximise income over the medium term and our dividend policy
will reflect this once our cash has been reinvested and our income has returned
to previous levels.

It will be interesting to see what happens for the final dividend this year
Planning application to increase the number of flats in West Ealing but they don't say to what number
I also think their Brixton property has some sort of court action coming up in September but no mention of that

[topvest] 24/8/2018 18:10

Same old tosh from the Board. It’s a bit late to decide retail property isn’t the best bet! No comments about the Perloff holding and the votes against the Board. Is anything happening behind the scenes or are the Heller family going to carry on taking liberties with minority holders?

[topvest] 03/7/2018 12:57

Well maybe this will give the Heller's sufficient cash to take LAS private as well?

[topvest] 24/6/2018 08:36

The greed story is in the Mail on Sunday for the second week running. Change is afoot or will they bury their heads in the sand?
Demerger of Bisichi is the way forward along with an LAS buy-out. Will they do it / maintain the status quo / worst case delist?

[topvest] 19/6/2018 18:53

Keep fighting Perloff.

[topvest] 19/6/2018 18:53

Disappointing results. Still, 30% vote against the “greedy” Heller’s will no doubt make them reassess whether they are actually being good people and proud of what they are doing!

[ntv] 19/6/2018 18:19

i voted against all the resolutions except for the last one
so why don't our votes don't show up
going to haven to write to the stock exchange to complain that my votes have not been counted
anyone see there voting not showing up?

[ntv] 10/6/2018 19:02

lets hope so topvest

[topvest] 10/6/2018 12:53

Yes, interesting. 29% voted against the remuneration report and 2 special resolutions not passed. A groundswell of disquiet and votes against up on last year. Something needs to happen. They could simply de-merge BISI as a starter for 10 and then pay a meaningful dividend. Even better they could just buy us out at a fair price. Think most minority shareholders probably want out of LAS and to retain their BISI shares, without excessive remuneration. The excess remuneration should be through dividends, so that all holders get an equitable treatment. Bodes well for the LAS vote.

[ntv] 10/6/2018 12:31

two minor resolutions defeated at bisi

[ntv] 10/6/2018 12:30

if you are are a small shareholder(like myself) in LAS and no matter how many shares you have please vote against the resolutions put forward by the board of directors
tia

[cjohn] 29/5/2018 09:24

and the contempt shown to private shareholders.

[cjohn] 26/5/2018 15:14

I endorse the remarks of topvest and NTV.

In spite of the very tempting financial characteristics of the Company - very low PTBV - I've never been able to bring myself to invest, because of the greed of the directors....

[topvest] 23/5/2018 21:33

Sounds a bit of an opaque deal today. Bisichi should focus on mining and LAS on property. They need to sort this out, but just seem intent on mixing everything up!

[costax1654x] 22/5/2018 19:54

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[topvest] 22/5/2018 18:22

Great. Let’s see what happens. Perloff doesn’t normally lose!

[ntv] 22/5/2018 07:58

voted against all resolutions in protest yesterday except for Mr Perloff's
hopefully some more press comment to come around the agm

[topvest] 18/5/2018 18:50

Hi sorry don’t have to hand. Definitely voted against remuneration and for Perloff. It’s about time the Heller’s reflected on their greed and took a dose of Perloff!