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 0.0% 12.50 900 01:00:00
Bid Price Offer Price High Price Low Price Open Price
11.00 14.00 12.50 12.50 12.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 35.02 10.15 -7.86 11
Last Trade Time Trade Type Trade Size Trade Price Currency
10:22:44 O 900 11.485 GBX

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Date Time Title Posts
12/6/201920:53LAS charts258
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
2021-09-16 09:22:4411.49900103.37O
View all London & Associated Prop... trades in real-time

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

London & Associated Prop... Daily Update: London & Associated Properties Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker LAS. The last closing price for London & Associated Prop... was 12.50p.
London & Associated Properties Plc has a 4 week average price of 12.50p and a 12 week average price of 11p.
The 1 year high share price is 12.50p while the 1 year low share price is currently 7.50p.
There are currently 85,094,349 shares in issue and the average daily traded volume is 18,276 shares. The market capitalisation of London & Associated Properties Plc is £10,636,793.63.
topvest: I've sold out my few shares in LAS and BISI. BISI at a good profit, LAS at a loss. Not worth the effort & we are always going to be screwed over by the Heller family. Unfortunately, I think LAS has more bad news on the way and BISI is invested in an unethical activity of coal mining which is in long-term decline. On top of the dismal performance, the directors take most of the reward. Only listed for the prestige value of being such.
topvest: Directors' emoluments £1,909k. Dividends c£150k. Says it all really. Perloff appears to have backed off, with no further purchases. I think that the reality is that de-merging Bisichi would expose that there is no value remaining really in LAS itself.
topvest: Yes, Bisichi results were good, albeit I'm sure management bonuses were even better! I would like to see Bisichi demerged from LAS. The cross-holding is a nonsense.
callumross: Bit of a read through from today's BISI results that there is nothing particularly adverse in terms of the retail portfolio likely when LAS announce in the next couple days. Also the joint venture now expanded to seek planning permission for 55 flats.
ntv: Hopefully Mr Perloff, He tried to stir the pot up a bit with some press coverage in a National paper about the excessive wage bill for directors in LAS Compare it to his wage packet of about £25k Takes his remuneration through his share holding paid as dividend as per the rest of the shareholders in Pannther Securities PLC
ntv: Interesting price movements recently
topvest: 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: 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
topvest: 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.
topvest: Annual Report is printed cheaply this year, following the Perloff challenge. Bonuses also nudged down despite a good year. That doesn't make any sense, unless the challenge is starting to work. A dividend in specie of Bisichi shares would deliver some value to holders, albeit that would maybe hammer the Bisichi share price if holders tried to exit them. I suppose this won't happen if the tax treatment is not good for the Heller family. One gets the feeling that something will happen. 17% of shareholders rejected the LAS remuneration policy last year and 25% in Bisichi. Minority shareholders are not happy. I've voted against the Board, because I think they have been too greedy. The dividends are pathetic when compared with the Heller remuneration, and they know it!
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