Share Name Share Symbol Market Type Share ISIN Share Description
Londonmetric Property LSE:LMP London Ordinary Share GB00B4WFW713 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.40p +0.22% 179.20p 179.40p 179.60p 179.80p 178.40p 179.50p 908,857 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 73.9 63.0 10.1 17.7 1,247.61

Londonmetric Share Discussion Threads

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Final Results - HTTP:// > EPRA earnings of £51m or 8.2p per share, up 5% > Dividend increased 3% to 7.5p for year, 109% dividend cover in year > EPRA NAV of 149.8p (FY 16: 147.7p) > Distribution weighting up to 64% following post period end activity, retail parks down to 13% > Strong income growth across the portfolio > Short cycle development activity creating future long income and capital growth > Portfolio metrics reflect income longevity, contractual uplifts and occupier contentment > Finances strengthened and diversified by private debt placement and equity placing Andrew Jones, Chief Executive of LondonMetric, commented: "On top of political and economic uncertainty, the World continues to be transformed by technological innovation and continuing social change. This is having a profound impact on real estate. The tectonic plates in retail are shifting and the industry is experiencing radical disruption driven by these trends. "Retailers are closing marginal stores and investing in 'flagship' destinations and new supply chains to service ever-increasing online sales and consumer expectations. Retailers are prioritising distribution and fulfilment ahead of their stores, which is why we have repositioned LondonMetric's portfolio from retail into logistics. Logistics will soon represent more than 70% of our investments as our urban logistics portfolio grows further and our short cycle developments complete. "In a low interest rate environment, investors are increasingly searching for reliable and repetitive income streams. Compounding our income returns is central to our strategy as we embrace the very purpose of a REIT. Our logistics focus has enhanced our portfolio's income characteristics and we believe that it is these structural calls that will help define the real estate winners."
Liberum Capital Hold 155.30 155.00 155.00 Reiterates
PLACING TO FUND ACQUISITIONS AND DEVELOPMENTS - HTTP:// · Proposed Placing to raise approximately £97 million of gross proceeds (based on the closing share price on 22 March 2017). The Placing will enable the Company to accelerate its portfolio alignment towards distribution by: o increasing its exposure to the attractive returns available from last mile distribution; and o building out three new developments following material progress on pre-lettings, as announced separately today. · The Net Proceeds will be used to fund committed and potential investments and new developments that amount to c.£100 million: o £42 million to fund distribution developments at Dagenham, Stoke and Crawley, totalling 560,000 sq ft, at an anticipated yield on cost of 6.2% o £28 million to fund recently completed distribution investments acquired at a blended net initial yield of 5.9% and a reversionary yield of 6.4% o £30 million to fund a pipeline of last mile and regional distribution investments. · The Company expects to deploy c.75% of the Net Proceeds within six months. The Placing is expected to be earnings per share accretive following completion of the three developments, which is expected to occur over a 9 to 12 month period. · The Company's progressive and covered quarterly dividend policy remains unchanged, and the Placing is complementary to its unsecured credit facility where the marginal cost on further debt drawn is 1.5%. Andrew Jones, Chief Executive Officer of LondonMetric, commented: "Our increased commitment to last mile acquisitions and short cycle distribution developments, together with a healthy pipeline of further opportunities, will support our plans to grow our distribution exposure to at least 70% within a year. Earlier this week, we secured two further last mile acquisitions and today we have announced major pre-lettings to Eddie Stobart and Michelin, alongside the letting to Amazon. These transactions highlight the compelling market opportunities that exist and we expect to deploy raised funds at pace, leading to accretive earnings whilst maintaining a progressive and fully covered dividend. "Structural trends in consumer behaviour and shopping patterns are continuing to drive demand for distribution, from last mile facilities to mega sheds, but supply remains constrained. For those with market access and knowledge, investments in the sector are able to create long-term, reliable income. At LondonMetric, we have 99.6% occupancy and our assets are backed by some of the biggest retailers and logistics groups."
ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2016 - HTTP:// LondonMetric: Full year results 2016, CEO interview - HTTP://
4.5% yield and a 10% premium to EPRA NAV. Traded sideways for 16months and unlikely to move ahead for another 16months with that premium continuing to overhang the share price
Nice trading update.
LondonMetric Acquires £16 Million Of Assets - HTTP://
Skyship, good advice. Significant discounts starting to appear on a number of REITS. I will hold fire and see how the wider market and LMP pan out. Cheers.
We've seen a massive one year Top formation in the range 158p-170p. Like BLND recently, the support has been pierced. LMP are headed down. Bellwether stock BLND has dropped c16% since dropping through its support. LMP is still on a 5% premium to the Sept'15 EPRA NAV. so IMO perhaps wait to buy nearer 140p.
Director buying always a positive. Am contemplating buying back in, general market weakness dragging LMP down, good long term hold for income?
Good Interim Statement but tending to agree with you Skyship , as they've now reached my target sell price. Problem is , if one sells now one has to find a suitable safe home for proceeds and I do like LMP divi ! Will do a bit more research on both LMP and alternatives. All IMHO and DYOR.
NOTICE OF IMS London Metric Property Plc will announce its third quarter Interim Management Statement on 26 January 2015.
LondonMetric is featured in today's ADVFN podcast. To listen to the podcast click here> In today's podcast: - Alan Green CEO of will be chatting about European QE and a steady company that pays a dividend, who shares price has trebled in price over the last 5 years. Alan on Twitter is @TradersOwn - And the micro and macro news including: Afren #AFR Sky #SKY Capita #CPI LondonMetric Property #LMP Balfour Beatty #BBY WS Atkins #ATK Aggreko #AGK Victoria Oil & Gas #VOG Petrofac #PFC NAHL #NAHL Rio Tinto #RIO IG Group #IGG Unilever #ULVR Aviva #AV. Friends Life #FLG William Hill #WMH Stock Spirits Group #STCK Centaur Media #CAU TSB Banking #TSB Synthomer #SYNT Coca-Cola HBC #CCH Sula Iron & Gold #SULA   Setting up an account on ADVFN is FREE!!! Just CLICK HERE to register.   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE Setting up an account on ADVFN is FREE!!! Just CLICK HERE to register. But as a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
Great results - but get real Irene - this is a propco standing on a 20% PREMIUM to its NAV. Any upside seriously constrained and downside risk palpable should the Market see any sort of decline. I was obviously wrong on forecasting how high these would go; but normal propco valuation parameters seem to have gone by the board at the moment!
Great results - totally off most peoples radar. I can see this taking off.
Given a very fair wind on revaluations the underlying NAV here may be 115p, perhaps even as high as 118p. That means they are now trading at a 15% PREMIUM to NAV! Go with your first instinct Germalene and time to let these go. They've done you proud, but when propcos are bought by institutions to excess valuation levels; then time to move on. At this level, where is the upside?
I was thinking of taking the dividend (which hasn't arrived yet, thanks a bunch TDW) and letting my holding in LMP go. But, with today's announcement of the acquisition of Royal Mail's main distribution centre at Daventry, I'm tempted to buy a little more.
Ex-div is always 2 days prior to the record date ("payable on ... to ordinary shareholders on the register at the close of business on..."). In this case the record date is 6/12. So, as M1das_Touch says, ex-div is 4/12.
Something of a mystery, the date the Int goes XD, have rang brokers T.D Waterhouse and they don't appear to have a record of it. LMP today Div ann The proposed dividend of 3.5p per share, of which 1.5p per share is a Property Income Distribution, is payable on 20 December 2013 to ordinary shareholders on the register at the close of business on 6 December 2013 Could 6 Dec be the XD Int date?
Ah, thank you
Ex-Div 4/12
Intrim figures out today with Interim dividend of 3.5p to be paid on 20 December 2013. Good, but can't find ex-dividend date anywhere?
LMP & SGRO were two tips in today's online article singing the merits of certain industrial investments, especially online retailer warehouses. Since the well-timed director buy at the start of September, LMP has added another tooth to its saw-like chart. If the past is anything to go by, these should now be sold; then bought back again below 110p.
Final pay day today
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