Londonmetric Property Share Discussion Threads

[wsm812] 11/3/2024 08:34

Thanks Magnets, I did wonder whether this was a personal matter with HL.

[magnets] 08/3/2024 18:13

Trading212 purchased/moved my LXI dividend into LMP automatically

[wsm812] 08/3/2024 09:46

"We" hahaha - hands up who associates with Georgie porgie.......FILTERED

[george stobart] 08/3/2024 09:32

We only answer to serious questions here.

Stop wasting our time because our job is to make money.

Ask your broker for your dividends

[wsm812] 08/3/2024 09:18

HL will not re-invest my previous LXI dividend into LMP for the below reason:

"As these are two different lines of stock this dividend will not be reinvested in to the new line of stock."

Is this consistent across other platform/providers? TIA

[aeonflux] 07/3/2024 13:35

Berenberg raises LondonMetric Property to 'buy' (hold) - price target 229 (176) pence

[sleepy] 06/3/2024 09:57

SKY is also very good on Private Equity funds

[george stobart] 05/3/2024 11:31

It's the money that they had to pay to acquire Alvarium Fund Managers (UK) Limited

Alvarium was also the external manager of a ponzi scheme called HOME REIT which is under probe by the FCA.

The risk here is that they paid money for a company that will be under fines by UK courts and there are skeletons in the closet transfered to LMP

[skyship] 05/3/2024 11:04

Offer Document - LMP/LXI - 540pp. Total costs of the deal: £20.2m!!!

[skyship] 04/3/2024 21:11

gs -look at what I posted - I wasn't taking to you - its not all about you.

I will however say what I want on my own thread!

Go and start your own...

[sleepy] 04/3/2024 21:07

Re 188 - I recommend Sky’s REIT posts to everyone (not so sure as to his oils, minerals etc). If you keep your eyes open and are prepared to trade then it is very likely that you will make money which puts him in a very select band of posters

Some investors prefer to buy and hold and it seems to me understandable that they would buy a REIT with quality property and quality management at a discount and a reasonable yield

[george stobbart] 04/3/2024 19:33

Ok but don’t tell me what to do.

Never do that to me again.

[skyship] 04/3/2024 16:53

WsM - "I am very happy to be part of the LMP holders."

I agree with the srong B/s comment; also a more favourable trading cycle ahead. Also excellent management. However why buy LMP?

For 2yrs they have traded 160p-200p; and are likely to stay there.

The reason being the valuation. A 9% discount and a mere 5.2% yield just doesn't cut the mustard.

They are over-valued versus all peers. Ditch them and buy almost anything else in the sector.

[wsm812] 04/3/2024 16:04

Ahhh thanks for the welcome georgie porgie, stop trying to get me to chase you....I know you'd love to be caught :) xxx

[wsm812] 04/3/2024 15:11

As the end of LXI trading approaches and the future under the LMP wing begins, I am very happy to be part of the LMP holders.

The SPs of both entities have been fluctuating in a fairly narrow band for 12 months+.

With strong balance sheets and a favourable trading cycle moving into vision I am hopeful of a safe and prosperous future. Good luck to us all.

[hindsight] 13/1/2024 17:17

Pyufak, cant say I have any strong opinion on the divi. I had planned to sell some LMP and move into wider discounts but now intend to hold and let the cost savings play out

[pyufak] 13/1/2024 12:20

I am not a financial analyst but I did notice the drop of income I'm going to receive due to switching to 0.55 LMP shares for every one of my LXI. No complaints as I am happy with the stronger and broader portfolio (and getting rid of the investment advisor and bringing asset management in house).

This got me thinking and very rough calculations ... is the enlarged LMP not going to be in an excellent position to increase the dividend substantially. Here's some back of a napkin logic prior but just wanted to put out there to see if anyone has looked at this before I look into it further:

H1 LMP paid 52.32m in dividends (1.09bn shares * 4.8pp)
H1 LXI paid 56.5785m in dividends (1.714.5bn shares * 3.3pp)
Total: 108.9m

Total shares of enlarged group = 1.09bn + (0.55 * 1.7145) = 2.032975bn

Total H2 dividend payments divided by outstanding shares: 5.356p for H1 for enlarged group vs. LMP currently paying 4.8. This is an 11.6% uplift.

This is just driven by LMP buying a higher yielding REIT but doesn't take into account any savings from investment advisor fee and economies of scales regarding debt costs because of the englarged group. The investment advisor fee alone could be worth just over a penny annually.

[hindsight] 13/1/2024 10:07

Pyufak, same thoughts here but im a LMP holder from the CTPT takeover, my largest reit now EPIC has gone
Relieved and pleased LMP havent overpaid, clearly willing to walk away, rather than go on a ego trip says a lot about LMP management quality

[nickrl] 12/1/2024 23:39

@pyufak they've been rapidly divesting themselves of the bits of CTPT they didn't want so imagine they will have game planned LXI. Certainly reckon the care homes wont be around long.

[pyufak] 12/1/2024 17:37

Hello, long time SIR holder prior to merging with LXI and now here I am. Have to say I was both a happy SIR, LXI and now LMP holder. Think the portfolio is excellent and LXI complements LMP well. Some fat to be cut out of LXI with the management fee going in house and economies of scale. The new company looks like a FTSE 100 contender but not in the automatic entry positions.

I think LMP are being very shrewd with the interest rate cycle clearly turning I'd expected LXI to go on a buying spree but instead it seems they have been snapped up themselves. They will be working through this merger for some time but hope they can use the added size and balance sheet strength of the enlarged group to continue expansion to take advantage of current valuations before interest rates start to be cut. Simon Lee of LXI has mentioned on recent calls they were looking at buying assets out of DB schemes which were risk reducing - a very exciting area as the assets complement the existing portfolio and management expertise well in my view.

Look forward to discussing

[exon] 11/1/2024 10:28

Will the new company be listed on the FTSE 100?

[redartbmud] 11/1/2024 09:42

They are fiest class at planning and execution. The dividend would have been factored into the plan.

Just MHO.

red