London Town Share Discussion Threads

[21richyrich] 22/1/2004 08:35

looks like someone has cottoned on to the potential upside now planning permission is held on the Bankside / adjacent to the "Tate Modern" / Hopton Street property.

I think that from the last interim results LTW own 100% of the site AND 5% in the development company that will develop the site - anyone confirm?

[21richyrich] 22/1/2004 08:31

look its starting to happen up 2p (12%)

just the start of major rise hopefully!!!

[21richyrich] 22/1/2004 08:20

glad i am not the only one that thinks this has potential!! Look at mediwatch this morning - up 30% at 10p - when they announced good news earlier in week could have bought at 5-6p with ease Maybe just takes a couple of days for the news to filter through!!

It would help if a few more day traders started buying this and get it moving onto the "top risers" list - that would really get things moving!

[goggin] 22/1/2004 08:11

Based on last nights announcement, this is a massive boust to LTW fortunes and a radicle re rating is in the offing - strong buy - 40p + target

[21richyrich] 21/1/2004 15:27

new to this share and a little unsure as to the potential revaluation of the company after todays RNS confirming the Co has successfully defended the residents action against the planning decision in 2003 which the residents chose to appeal.

Anyone have a view on the likelihood of the shares heading Northwards after this decision which from previous posts appears to have caused major losses 2 years since after the planning application was initially requested?

Bought in 10,000 shares at 16.5 as a "hunch" purchase

[silio] 20/1/2004 15:42

65,000.00 sells today.

[nikesh2] 28/11/2003 18:39

This stock rises when ever people buy 200 pounds worth of shares
anyone wondering why the share price is rising rapidly!

Whilst in London today i saw some buildings that had been designed by London Town.
These apartments are flash and they were neally finished so i beleive this is the reason for the large rise in the share price.

I bought small amounts from 14p when the shares went up 40% on no volume.
im accumualting next week and betting the price will top 34p within next two weeks!

good luk to all the other shareholders at last we will make dosh on this stock

[nikesh2] 03/11/2003 18:02

heading towards 60p with just a few buys
2-3 weeks

[pictureframe] 23/10/2003 11:08

Its tanking just a quickly !

[sixpak] 21/10/2003 20:25

y the hell is this flying?!!!

[easymoney03] 21/10/2003 00:06

very soon i hope...........

[silio] 20/10/2003 17:02

it does'nt look like you will get 5p now, does it -

[vision88] 06/10/2003 14:22

if its approved at 5p why dont the mm put it to that price now , as its obvious with no trades occuring ,every one is just waiting for the mm to buck up, and drop the price to 5p for a whale and a gale of time to follow.a lot of FUNDS ARE WAITING TO ENTER. all this waiting about is of no value to any one.

[sportbilly1976] 16/9/2003 13:50

given that the open offer at 5p has been approved, why are peoplr buying at these prices - it is an immediate 50% loss.

I too am waiting for the 5p price to be reached and then will also pile in big...

[responsible lad] 15/9/2003 23:27

I am waiting for 5p ask price and then I will be buying in big.

[energyi] 14/9/2003 12:38

There are hints of a rescue,
but that would bring much further dillution.

I visited one of their sites, The Corner, in NottingHill.
It is aimed at the wrong sector of the market. The cheapest Flat
was a 2BR costing... wait for it... about £700,000. Yes it was a
very spacious flat. But very few people in london are still rich
enough to be extravagent enough to throw away so much money for a
flat with so few bed rooms.

This was designed by a woman with an unlimited budget who must have
been thinking that money grows on trees

[rarther] 13/9/2003 23:35

I see no one has commented on the awful results? Possibly because no one holds this pile of poo!

"LONDON (AFX) - London Town PLC first half to June 30 2003 results:
Group sales - 980,000 stg vs 1.81 mln stg
Pretax loss - 4.48 mln stg vs loss 456,000 stg
Operating loss - 3.92 mln stg vs loss 569,000 stg
Loss per share - 51.58 pence vs LPS 5.25

[e-mail]"


PLUS a 50+% dilution to stave off the short-term creditors.


With a likely halt or fall in property prices, this is going down the pan and fast.

[geologic] 19/8/2003 13:47

19 August 2003

London Town Refinancing Arrangement

On 5 August 2003 London Town announced that it was in discussions with the
Horizon Charitable Trust (the "Trust") and Burly Developments Limited ("Burly")
(a party related to the Trust and which holds #14,055,261 of 15 per cent 24
month Deep Discounted Bond issued in April 2003 ("Bonds")) in connection with a
debt and share capital reconstruction. The Trust is the Company's majority
shareholder, owning approximately 54.2 per cent. of the Company's issued
ordinary share capital. The Trust has now indicated that it is willing to
participate in and underwrite an open offer of the Company's shares to raise
approximately #2 million (the "Open Offer"). The Trust's participation in the
Open Offer is conditional on the finalisation of the necessary documentation and
on the following:


*An issue price of 5p ("Issue Price").


*The Trust would subscribe for its pro-rata entitlement under the Open
Offer by procuring the retirement of certain loans outstanding to Burly by
the Company at the Issue Price and also procuring the retirement of certain
of the Bonds held by Burly also at the Issue Price.

*The Trust would underwrite the balance of the #2 million with a
commitment to subscribe for any amount not taken up in the Open Offer by
procuring the retirement of further of the Bonds at the Issue Price.


Under the AIM Rules, the Open Offer and the arrangements with the Trust are
deemed to be a related party transaction. The Directors of the London Town,
having consulted with the Company's nominated adviser, and are of the opinion
(taking into account the current financial position of the Company) that the
terms of the Open Offer are fair and reasonable insofar as the shareholders of
the Company are concerned.

The Company is currently finalising its half-year accounts for the period ending
30th June 2003. It expects that a significant loss will be announced.

Enquiries
Strand Partners Limited
Simon Raggett, Managing Director
Rory Murphy, Director
[phone]

[dusseldorf] 19/8/2003 09:01

Run for the hills! its raining heavily for the next 3 weeks...

[interglobe] 20/7/2003 23:10

Interesting reading ?

[energyi] 20/7/2003 17:29

OTHER INVESTMENT?

EPIC adds £19m to its student portfolio
Investment consortium EPIC Student Accommodation (ESA) plc this week announced the acquisition of SPF Ltd and its £19m portfolio of student accommodation properties.

The portfolio, which comprises of more than 1,000 bedspaces in London, Cambridge, Leeds, Liverpool, Sheffield, Hull and Newcastle (right), is estimated to yield around £2m a year in gross rentals.
London Town plc, which owns 70.1% of EPIC Student Accommodation, has been appointed as property managers and advisors to SPF Ltd for a net fee of 3% of the rental income.

London Town chief executive Jonathan Buchanan said: "This acquisition marks the expansion of London Town into new markets and builds on the success of London Town's involvement in the Opal London Town Property Fund, launched in April 2002. This provides capital growth by capturing uplift in residential property developments in prime locations in London and the South East. The fund currently has 85% of its capital invested in apartments under construction and 15% in equity joint ventures."

A spokesperson for London Town said the SPF Ltd purchase would provide the nucleus for a larger business intended to be a student fund attractive to institutional investors.
"In three years time, the intention is to have a portfolio providing around 5,000 bedspaces, a reflection of the huge expansion of the sector where almost a third of 18-year-olds are now going onto higher education, compared with one in seven in 1980", they added. •

[energyi] 20/7/2003 17:15

OPAL?
Opal's name appears on the marketing literature.

This is from a 2002 article:
"For example, housebuilder London Town has teamed up with an investment management company, Tilney, to create a residential fund - the Opal London Town Property Fund.

London Town will advise the fund on the pre-purchase of homes in prime residential locations such as Notting Hill. The fund will then buy at a low price before they are refurbished. When the homes are completed, the fund will either sell them and realise a profit (if the market has worked in its favour), or rent them out. Within two years, the fund aims to be worth £50m."

(FPDSavills says that about 5,000 flats or houses have been built every year since 1996 across the City, Docklands, the West End and central London. About 60% have been two-bedroom flats, most bought by private investors.

However, in the final quarter of 2001, the vacancy rate for rented accommodation in central London hit 12.8%, taking the full-year figure to 7.7% - the worst for 10 years. )
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