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LMP Londonmetric Property Plc

201.40
0.40 (0.20%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Londonmetric Property Plc 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
  0.40 0.20% 201.40 200.40 201.00 202.00 199.40 199.50 4,828,056 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 146.7M -506.3M -0.4648 -4.32 2.19B
Londonmetric Property Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker LMP. The last closing price for Londonmetric Property was 201p. Over the last year, Londonmetric Property shares have traded in a share price range of 155.00p to 210.80p.

Londonmetric Property currently has 1,089,187,736 shares in issue. The market capitalisation of Londonmetric Property is £2.19 billion. Londonmetric Property has a price to earnings ratio (PE ratio) of -4.32.

Londonmetric Property Share Discussion Threads

Showing 201 to 222 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
11/3/2024
08:34
Thanks Magnets, I did wonder whether this was a personal matter with HL.
wsm812
08/3/2024
18:13
Trading212 purchased/moved my LXI dividend into LMP automatically
magnets
08/3/2024
09:46
"We" hahaha - hands up who associates with Georgie porgie.......FILTERED
wsm812
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

george stobart
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

wsm812
07/3/2024
13:35
Berenberg raises LondonMetric Property to 'buy' (hold) - price target 229 (176) pence
aeonflux
06/3/2024
09:57
SKY is also very good on Private Equity funds
sleepy
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

george stobart
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...

skyship
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

sleepy
04/3/2024
19:33
Ok but don’t tell me what to do.

Never do that to me again.

george stobbart
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.

skyship
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.

wsm812
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
hindsight
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.

pyufak
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

hindsight
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.
nickrl
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

pyufak
11/1/2024
10:28
Will the new company be listed on the FTSE 100?
exon
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

redartbmud
Chat Pages: 9  8  7  6  5  4  3  2  1

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