London & Associated Prop... Share Price. LAS - Stock Quote, Charts, Trade History, Share Chat, Financials. London & Associated Properties Plc

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London & Associated Properties Plc (LAS)
London & Associated Properties Plc (LAS) Share Price

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%	12.00	57,684	01:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
11.00		13.00	12.00	12.00	12.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Operators-nonres Bldgs	100.24	2.70	3.20	4.00	10.27

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
09:54:44	O	30,000	12.40	GBX

Related Shares
Unite (UTG), Alpha (ALPH), Pathfinder Minerals (PFP), Dukemount Capital (DKE)

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

London & Associated Prop... News

Date	Time	Source	Headline
05/5/2023	08:00	UKREG	London & Associated Properties Plc Annual Report and Notice of AGM
28/4/2023	18:26	ALNC	EARNINGS UPDATES: Fidelity Special NAV up; Ferro-Alloy loss widens
28/4/2023	07:30	UKREG	London & Associated Properties Plc Results for 12 Months to 31 December..
29/3/2023	21:46	ALNC	IN BRIEF: London & Associated brings Bisichi Chair Heller to board
29/3/2023	07:30	UKREG	London & Associated Properties Plc Appointment of Non-executive Director
16/3/2023	11:05	UKREG	London & Assoc Properties PLC Second Price Monitoring Extn
16/3/2023	11:00	UKREG	London & Assoc Properties PLC Price Monitoring Extension
24/2/2023	11:42	ALNC	IN BRIEF: London & Associated Properties appoints John Heller as chair
24/2/2023	07:30	UKREG	London & Associated Properties Plc Appointment of New Chairman
31/1/2023	17:00	UKREG	London & Associated Properties Plc Sir Michael Heller, Chairman, Passes..

More London & Associated Prop... News

London & Associated Prop... Investors London & Associated Prop... Takeover Rumours

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

London & Associated Prop... Forums and Chat

Date	Time	Title	Posts
28/4/2023	16:28	LAS charts	283
22/4/2009	15:29	Official Thread	270
09/3/2003	13:51	The London and Associated Properties Thread	-
31/8/2002	23:17	LAS Official Thread	2

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

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
08:54:46	12.40	30,000	3,720.00	O
08:40:48	12.40	10,000	1,240.00	O
07:40:52	11.31	17,684	2,000.06	O

View all London & Associated Prop... trades in real-time

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

Top Posts
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. Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
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?!? Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
Posted at 08/9/2022 23:51 by robizm Go back to 2018 when they sold the Brixton assets and see how shareholders were rewarded. Bisi will be worth a lot more come final results but they earned £1 a share and paid 10p. The directors took cash instead of shares in the company and that (Bisi) should tell you how they intend to treat shareholders. Technically Bisi should do £45 million profit maybe £50 million and 2023 should be similar but the directors never stop disappointing. Read Full Thread Follow Reply
Posted at 24/8/2022 10:30 by topvest Unfortunately, LAS and BISI are lifestyle PLCs run for the Heller family. Minority shareholders are a secondary matter. I've nothing against the Heller's as their ethics are OK, but foolish to think that change is on the way. I was a shareholder for many years and came to this realisation a few years ago and exited both. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
Posted at 23/8/2022 13:58 by my retirement fund Quite possibly, never the less its the same story at Bisi, but the share price (equity) still has to bear some resemblance to the book value of the equity. In a rising tide, that's upwards. Put it another way, directors can choose to take cash out of a business however they like or not at all, but taking away cash is not the same as taking away profitability. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply

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