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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Londonmetric Property Plc | LMP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -0.45% | 178.10 | 16:11:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 179.60 | 177.50 | 179.80 | 178.90 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/11/2024 | Interim | GBP | 0.0285 | 05/12/2024 | 06/12/2024 | 13/01/2025 |
| 21/08/2024 | Interim | GBP | 0.0285 | 29/08/2024 | 30/08/2024 | 08/10/2024 |
| 22/02/2024 | Interim | GBP | 0.024 | 29/02/2024 | 01/03/2024 | 08/04/2024 |
| 23/11/2023 | Interim | GBP | 0.024 | 30/11/2023 | 01/12/2023 | 11/01/2024 |
| 23/08/2023 | Interim | GBP | 0.024 | 31/08/2023 | 01/09/2023 | 09/10/2023 |
| 02/03/2023 | Interim | GBP | 0.023 | 09/03/2023 | 10/03/2023 | 12/04/2023 |
| 23/11/2022 | Interim | GBP | 0.023 | 01/12/2022 | 02/12/2022 | 10/01/2023 |
| 24/08/2022 | Interim | GBP | 0.023 | 01/09/2022 | 02/09/2022 | 07/10/2022 |
| 03/03/2022 | Interim | GBP | 0.022 | 10/03/2022 | 11/03/2022 | 12/04/2022 |
| 25/08/2021 | Interim | GBP | 0.022 | 02/09/2021 | 03/09/2021 | 08/10/2021 |
| 04/03/2021 | Interim | GBP | 0.021 | 11/03/2021 | 12/03/2021 | 15/04/2021 |
| 19/11/2020 | Interim | GBP | 0.021 | 26/11/2020 | 27/11/2020 | 08/01/2021 |
| 05/05/2020 | Interim | GBP | 0.023 | 18/06/2020 | 19/06/2020 | 22/07/2020 |
| Top Posts |
|---|
Posted at 17/12/2024 10:33 by mpage It might. Back in the mid-90s to mid-2000s a 6%DY for a diversified property co was par for the course even if the CE was not highly adept and very good at talking up his book.I suspect that the share price is largely reacting to 5yr gilt yields (thanks Rachel) to maintain the ERP and perhaps starting to price in the possibility of an economic downturn. It's happening to lots of similar assets - nothing co specific. Once the div reaches 12p I'm telling myself to expect(wetted finger in the air)around 5%pa div growth thereafter. At 180p that's a DY of 6.6% plus 5%pa - so a simple Gordon Growth Model says total long-term return of c. 11%pa. Frankly, that seems perfectly reasonable for a property company. With LMP we get a FTSE 100 company, actively managed by a pragmatic CEO who takes a long-term view. There is a baby version of LMP called Picton Property Income - slower moving, opertes at a much smaller scale but is also self-managed (and well managed) and no stamp duty on share purchases. The kicker here is a low-cost long-term debt c. 3.7% for around 7 years. Shares trade at quite a wide discount to NAV. |
Posted at 13/12/2024 11:40 by essentialinvestor Segro now on a 19% discount to NAV.LMP at the current share price yields significantly more than SGRO, however unlike Segro, it's not a specialist. Might the market want a 6% yield on LMP? it's a possibility. |
Posted at 07/12/2024 11:18 by essentialinvestor I would agree the short term upside is limited, however what you get from LMP is a nicely growing dividend and an astuteness of management decisions - at least to this point.LMP lends itself less to a trading stock, at this stage in it's development. I've highlighted the possibility of a SHED bid, by LMP, for a number of months now. |
Posted at 22/11/2024 16:36 by essentialinvestor Falling gilt yields (I'm guessing they've turned) should keep LMP in the UKX. |
Posted at 22/11/2024 13:43 by essentialinvestor SHED next in line for the LMP treatment..?.It's not a question of if, but when they will acquire again. Trading so close to NAV, they can also issue shares to buy off market, if they so choose. |
Posted at 18/11/2024 18:46 by essentialinvestor I added a small amount today, but even LMP getting hit now, with arguably the best CEO in the UK listed sector. |
Posted at 01/10/2024 14:43 by wsm812 08/10/24 is dividend pay-out day. Typical that the share price is rising currently, as this affects those of us who will be re-investing. Oh well, as long as it keeps rising! |
Posted at 05/9/2024 07:54 by wsm812 Nice to see BlackRock increasing their holdings in LMP |
Posted at 05/6/2024 12:28 by speedsgh "The fourth quarterly interim dividend for 2024 of 3.0p per share, of which 1.5p is payable as a PID, will be payable on 22 July 2024 to shareholders on the register at the close of business on 14 June 2024.""Q1 2025 dividend expected to be 2.85p (Q1 FY24: 2.4p), an increase of 18.8%, and in line with target to pay a 12 pence per share dividend for the full year." |
Posted at 13/1/2024 12:20 by pyufak 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. |
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