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LMP Londonmetric Property Plc

183.10
0.60 (0.33%)
13 Dec 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 Shares Traded Last Trade
  0.60 0.33% 183.10 4,070,555 16:35:18
Bid Price Offer Price High Price Low Price Open Price
183.50 183.60 183.50 182.10 182.10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 227.5M 118.7M 0.0580 31.64 3.74B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:10 O 1,195 183.10 GBX

Londonmetric Property (LMP) Latest News

Londonmetric Property (LMP) Discussions and Chat

Londonmetric Property Forums and Chat

Date Time Title Posts
13/12/202411:40LondonMetric - an assertive REIT providing a good Yield263

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Londonmetric Property (LMP) Most Recent Trades

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Londonmetric Property (LMP) Top Chat Posts

Top Posts
Posted at 14/12/2024 08:20 by Londonmetric Property Daily Update
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 182.50p.
Londonmetric Property currently has 2,047,306,453 shares in issue. The market capitalisation of Londonmetric Property is £3,756,807,341.
Londonmetric Property has a price to earnings ratio (PE ratio) of 31.64.
This morning LMP shares opened at 182.10p
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 10/12/2024 10:34 by wsm812
PMorgan cuts LondonMetric to 'neutral' (overweight) - price target 226 (235) pence

I'd take 235p right now!
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 05/9/2024 07:54 by wsm812
Nice to see BlackRock increasing their holdings in LMP
Posted at 29/8/2024 07:51 by alan@bj
Ex divi today. 2.8p per share.
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.
Posted at 19/12/2023 20:20 by essentialinvestor
LMP share price dipped intially on the last major acquisition, from memory - I've not double checked.
Londonmetric Property share price data is direct from the London Stock Exchange

Londonmetric Property Frequently Asked Questions (FAQ)

What is the current Londonmetric Property share price?
The current share price of Londonmetric Property is 183.1p.
How many Londonmetric Property shares are in issue?
Londonmetric Property has 2,047,306,453 shares in issue.
What is the market cap of Londonmetric Property?
The market capitalisation of Londonmetric Property is GBP 3.74 B.
What is the 1 year trading range for Londonmetric Property share price?
Londonmetric Property has traded in the range of 178.00p to 210.80p during the past year.
What is the PE ratio of Londonmetric Property?
The price to earnings ratio of Londonmetric Property is 31.64.
What is the cash to sales ratio of Londonmetric Property?
The cash to sales ratio of Londonmetric Property is 16.52.
What is the reporting currency for Londonmetric Property?
Londonmetric Property reports financial results in GBP.
What is the latest annual turnover for Londonmetric Property?
The latest annual turnover of Londonmetric Property is GBP 227.5M.
What is the latest annual profit for Londonmetric Property?
The latest annual profit of Londonmetric Property is GBP 118.7M.
What is the registered address of Londonmetric Property?
The registered address for Londonmetric Property is ONE CURZON STREET, LONDON, W1J 5HB.
What is the Londonmetric Property website address?
The website address for Londonmetric Property is www.londonmetric.com.
Which industry sector does Londonmetric Property operate in?
Londonmetric Property operates in the REAL ESTATE AGENTS & MGRS sector.

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