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LMP

Londonmetric Property Plc

185.50
5.60 (3.11%)
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
  5.60 3.11% 185.50 1,401,078 16:15:00
Bid Price Offer Price High Price Low Price Open Price
185.40 185.60 186.60 176.10 176.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Agents & Mgrs 146.70 -506.30 - - 1,822.81
Last Trade Time Trade Type Trade Size Trade Price Currency
16:15:09 O 50,000 185.53 GBX

Londonmetric Property (LMP) Latest News (23)

Londonmetric Property (LMP) Discussions and Chat

Londonmetric Property Forums and Chat

Date Time Title Posts
06/3/202309:48LondonMetric - an assertive REIT providing a good Yield123

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Londonmetric Property (LMP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:15:10185.5350,00092,765.00O
15:14:33185.50100185.50AT
15:14:32185.509231,712.17AT
15:14:32185.40145268.83AT
15:14:32185.402,6664,942.76AT

Londonmetric Property (LMP) Top Chat Posts

Top Posts
Posted at 23/9/2022 11:30 by nickrl
LMP being hammered currently down over 8% discount now sitting at 33%. Yes the froth has gone out of warehouses but they have debt fixed for 6.5yrs on average for 2.6%. Are these Investment Zones now a concern that big boxes being built there will have an advantage?
Posted at 29/12/2021 14:16 by skyship
kenne - this is a propco - you don't value a propco on earnings, you mainly value on assets and yield. By those measures LMP is massively over-valued.
Posted at 29/12/2021 14:12 by kennewil
Price of 10x earnings and yield of 3% seems good to me.
Posted at 18/11/2021 08:11 by clever
Share price has only dropped by a tiny fraction so far. Make it difficult to put in an offer for the placing shares.
Posted at 18/11/2021 07:48 by skyship
Great NAV performance reduces the premium to a mere 25.6%. That after yesterday's small retreat as insiders sold ahead of the placing:

Details of the Placing

Prior to launch of the Issue, the Company consulted with a significant number of its shareholders to gauge their feedback as to the terms of the Issue

"The price at which the new ordinary shares to be issued pursuant to the Placing will be determined following the closing of the accelerated bookbuild (the "Placing Price"). The issue price for the Retail Offer Shares will be the Placing Price."

Posted at 15/11/2021 07:18 by skyship
WOW - certainly paying a high price in a fashionable sector:

"LondonMetric Property Plc ("LondonMetric") announces the acquisition of two logistics warehouses for GBP135.6 million in separate transactions, reflecting a blended NIY of 4.2% and a reversionary yield of 4.8%."

Posted at 29/10/2021 09:00 by skyship
Interims on 18th November. NAV likely to be North of 200p, possibly up to 205p.

A good performance expected; but does it really justify an share price of 263p - a 28% PREMIUM to a possible 205p NAV!

As usual, I don't think so...

Herewith a 1yr chart showing relative share price performance versus 5 REIT peers. The over-valuation of LMP is weighing heavy on share price performance; and the miserly 3.2% yield hardly compensates - all the others have higher yields:


free stock charts from uk.advfn.com

Posted at 20/4/2021 11:59 by skyship
LMP back up to 225p - 28% NAV PREMIUM (!)...and a mere 3.73% yield on a likely 8.4p annual dividend. Decided to short it again...
Posted at 30/12/2020 15:38 by skyship
Thnx LMP - taken the turn...now down to 235p...
Posted at 28/11/2020 09:30 by skyship
TRY Interim statement shows they reduce their LMP stake on valuation grounds:
=============================================================================

Within the logistics space we took substantial profits in LondonMetric, recycling into Argan in France, Montea and VGP in Belgium and VIB Vermoegen in Germany. The sales in LondonMetric were valuation based and we continue to have a significant holding and full confidence in management. Although London office exposure fell, we added to German cities through Aroundtown and CLS Holdings.

Londonmetric Property share price data is direct from the London Stock Exchange
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