Londonmetric Property Share Discussion Threads

[8w] 09/2/2016 19:06

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.

[skyship] 09/2/2016 15:10

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.

[8w] 09/2/2016 13:55

Director buying always a positive. Am contemplating buying back in, general market weakness dragging LMP down, good long term hold for income?

[ptgint] 26/1/2015 10:34

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.

[skyship] 22/1/2015 19:46

NOTICE OF IMS

London Metric Property Plc will announce its third quarter Interim Management Statement on 26 January 2015.

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[skyship] 03/6/2014 08:39

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!

[irenekent] 03/6/2014 08:08

Great results - totally off most peoples radar. I can see this taking off.

[skyship] 23/12/2013 17:11

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?

[germalene] 20/12/2013 09:43

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.

[speedsgh] 28/11/2013 14:58

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.

[w.bramley] 28/11/2013 13:32

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?

[germalene] 28/11/2013 09:54

Ah, thank you

[m1das_touch] 28/11/2013 09:10

Ex-Div 4/12

[germalene] 28/11/2013 09:00

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?

[skyship] 03/10/2013 12:27

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.

[w.bramley] 12/7/2013 09:36

Final pay day today

[colonel a] 25/4/2013 08:48

Come on LMP lets see something specific on the "attractive returns for shareholders" included in the proposition.

[w.bramley] 20/3/2013 11:52

Sent an email to company secretary asking when we will see some dividend information - yield - payment dates. NO ANSWER.

[skyship] 07/3/2013 14:34

A bit of a reality check brings LMP back to 108p.

[skyship] 20/2/2013 15:04

Irene - "This is one of the best property companies around"

How do you define that? What metrics are you looking at?

Certainly it is very well managed; but as an investment prospect are you not concerned at paying a premium to the NAV?

You do say you are a long term investor; and I grant you over the long term you should do well, assuming they still pay that 7p dividend. To that 6% yield you can surely add 5%+ of capital gain; so the gross yield of 11%pa has its attractions.

Personally I prefer a more activist approach, buying perfectly good companies when on much higher discounts and prepared to take quick profits as excessive discounts close - recent plays being APT, CIC, PCTN & SREI. Still hold the first two; and have recently added DSC where George Soros recently followed me in!

These and others are discussed on the secondary real estate companies thread - under the epic CP+

[w.bramley] 20/2/2013 13:05

Wonder when we will get information regarding Dividend payment dates and yield.

[irenekent] 20/2/2013 12:43

This is one of the best property companies around. I believe they are going into residential as well. Long term investor.

[hyden] 18/2/2013 19:02

Seems to be perking up a bit? Maybe a test of last summer's high is on the cards?