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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
  0.20 0.09% 219.00 218.40 219.00 222.60 214.40 222.60 1,353,365 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 113.4 -6.7 -0.7 - 1,989

Londonmetric Property Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
03/8/2020
08:59
Hmm - 228p - think I should change the title of the Header to: "An over-valued REIT providing a cr#p yield"
skyship
07/7/2020
20:41
Not exactly stretching as the current price is above that.
grahamburn
18/6/2020
10:06
Eg Great Portland and Derwent have for most of the land 20 years traded on premiums to NAV of 15-30 percent Red Book NAV does not capture future asset management and development gains
williamcooper104
18/6/2020
10:04
There's better shorts LondonMet have one of the best management teams in the industry Overvalued reits have a cost of capital arbitrage over private markets so they can accertivrly raise equity to acquire assets - so you could be waiting a long time for the valuation to correct
williamcooper104
18/6/2020
09:59
Skyship, you may get another chance as this seems to be defying gravity. Quite risky to short something in such an obvious up-trend, no advice intended but might be worth waiting for some evidence of a reversal. D.
aylingd
11/6/2020
07:22
Have been trying to find a spread-betting operation that would accept a non-UK resident client. Found one in Accendo; but also sounds as though a CFD a/c would be a better vehicle for shorting these. Unfortunately they turned down from 220p just as I found them, so missed the top. They are still absurdly over-priced; but may be I will study CFD trading a little first...
skyship
11/6/2020
04:13
Webcast available for the always interesting presentation by Mr Jones: htTps://www.londonmetric.com/investors/report-presentation/year/2020
rambutan2
04/2/2020
10:03
Losos - the November Interims show the EPRA NAV flat at 174.9p. At today's 227p the premium is still a staggering 23%. Sp carving out a big top formation and drifting down - headed toward 200p IMO...though would still be too high even at that level.
skyship
02/2/2020
14:39
SKYSHIP -"absurdly over-valued on a 24% PREMIUM" I got a slightly different figure but I'm not sure which figures to use. In the accounts there's several figures for NAV depending on how debt is treated (At PAR, at fair value etc) Not being an accountant I'm not sure what most people use.
losos
01/1/2020
11:22
Indeed, and at a discount to book; yet the Sp rises a few pence. I just don't understand the idiocy of the valuation here! ========================================== 20 December 2019: LONDONMETRIC SELLS FOUR DISTRIBUTION ASSETS FOR GBP145.3 MILLION; FURTHER REDUCING ITS MEGA BOX EXPOSURE The total consideration reflects a 2.6% discount to 30 September book value.
skyship
20/12/2019
08:36
Selling four properties and warehouses at that?
petewy
15/12/2019
09:30
No, it hasn't, but it is absurdly over-valued on a 24% PREMIUM (!) & only a 3.7% yield.
skyship
11/12/2019
19:42
Nasty downturn but LMP hasn't a huge retail interest
petewy
31/5/2019
17:09
Londonmetric Property (LON:LMP) had its price target raised by analysts at Royal Bank of Canada from GBX £2.05 to GBX £2.15.
petewy
23/5/2019
12:10
Recommended Cash and Share Offer for A&J Mucklow - HTTPS://www.investegate.co.uk/londonmetric--lmp-/rns/recommended-cash-and-share-offer-for-a-j-mucklow/201905230700139255Z/
speedsgh
23/5/2019
09:57
Results look OK
petewy
05/4/2019
13:28
Warehouses are certainly the favourite sector at the moment; but can that fact possibly sustain a 15% NAV PREMIUM (!) and a yield of just 4%? These are so over-valued its unreal...and actually rather bizarre.
skyship
07/1/2019
09:55
LondonMetric announces the disposal of three distribution warehouses for £24.3 million to various buyers, reflecting a blended NIY of 5.4%. The sale price achieved is 4% above book value. Is this a good deal or are they selling off the family Wakefield silver?
petewy
02/12/2018
17:01
Interims showed the NAV up to 172p. Still on a premium, so not surprising to see the share price under pressure. With only a 4.65% yield the share price likely to continue lower...
skyship
19/11/2018
14:31
Martlesham Heath, Ipswich...will be interesting to see who the Buyer is.
skyship
19/11/2018
12:08
19 Nov 2018 Peel Hunt Add 186.90 190.00 Reiterates 19 Nov 2018 Liberum Capital Hold 186.90 180.00 Reiterates 28 November 2018 Half Year Results Announcement
skinny
19/11/2018
12:08
SALE OF MARTLESHAM HEATH RETAIL PARK FOR £22M LondonMetric Property Plc ("LondonMetric") announces that it has sold its retail park in Martlesham Heath, Ipswich, for £22.0 million, reflecting a NIY of 5.2%. The 48,000 sq ft retail park was acquired in 2013 for £10.4 million. LondonMetric has executed a number of asset management initiatives during its ownership, which have helped attract new retailers such as Hobbycraft, Mountain Warehouse, Card Factory, Shoe Zone and Poundland, whilst existing tenant M&S, recently extended its foodhall to 20,000 sq ft on a new 15 year lease. The park is fully let off average rents of £25.70 psf with a weighted average lease term of 12 years to expiry and 10 years to first break. The property has generated a profit on cost of 40% and an ungeared return of 13% pa. The sale is to a long-term investor and reflects a premium to March 2018 book value. Andrew Jones, Chief Executive of LondonMetric, commented: "Whilst demand for physical retail assets continues to polarise rapidly, investor appetite for long and strong income remains healthy. The sale is in line with our strategy of divesting our last remaining operational retail assets upon completion of their business plans. We retain three retail parks within our direct portfolio reflecting 5% of our assets. "Our investments will continue to target high quality opportunities within the logistics and convenience sectors where income certainty is greater and income growth prospects are superior."
skinny
14/11/2018
14:09
Having drifted back to 175p at mid-October, LMP has since shown surprising strength recovering back up to 189p. This reflects their good move out of Retail; but at 189p now looking overpriced again... free stock charts from uk.advfn.com
skyship
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