Share Name Share Symbol Market Type Share ISIN Share Description
Lxb Retail LSE:LXB London Ordinary Share JE00B4MFKH73 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.60p -2.65% 22.00p 22.00p 22.30p 22.00p 22.00p 22.00p 114,452 16:29:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 62.0 -15.1 -9.2 - 37.92

Lxb Retail Share Discussion Threads

Showing 1651 to 1672 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
18/5/2018
13:30
Rushden Lakes link road to open next week www.northantstelegraph.co.uk/news/update-opening-of-rushden-lakes-link-road-delayed-until-next-week-1-8502928
ianbrewster
11/5/2018
10:42
Hi MRX001, Try contacting any of the following: Brendan O'Grady - Findancial Director bogrady@lxbproperties.com 07778 593 200 Tim Walton - CEO twalton@lxbproperties.com 07818 065 435 Philip Wrigley -Chairman of the Board of Directors phil@madisoncapital.co.uk
npt
11/5/2018
09:49
Tried getting in touch with the company today to see what is happening about the return of cash. Rang the Jersey number but it is just an answering service (company called Intertrust), got a number for the London rep a guy called Stewart McNeil (02074327900 if anyone else interested), it rings a few times and then there is a recorded message advising the number called is not accepting calls. So far this company has been one big disappointment.
mrx001
27/4/2018
17:13
Thanks for that Molrey. Always seems to be some reason why they aren't giving the cash back sometimes.
mrx001
27/4/2018
13:22
Should hear by the end of May based on the below.... 'On 22 December 2017, the Company reported the exchange of contracts for the sale of the Riverside investment at Stafford for a headline price of £36.8m and I am pleased to say that the sale completed on 23 January 2018 releasing cash of £10.2m after repayment of the bank funding on Riverside. Following completion of the Riverside sale, the Board currently intends to make a Return of Cash of approximately £10 million (approximately 6 pence per Ordinary Share), although this will not be undertaken until we have agreed a reduction in the performance bond relating to Rushden Lakes which we expect to finalise in April or May 2018'
molrey
27/4/2018
13:08
Should point out my understanding was that there would be a 6p return of cash on completion of Riverside (Stafford). According to RNS's contracts were exchanged on 21/12/17 and completion was expected 23/1/18. However no update and no cash.
mrx001
04/4/2018
11:08
No thoughts on the most recent update? "and in relation to the release of the Phase 1 performance bond held in favour of The Crown Estate. These discussions are expected to be concluded shortly and should lead to the release of the bond and a further return of cash to shareholders. " It sounds like a return of cash in excess of the already committed to 6p is planned. The performance bond is £15M, equivalent to nearly 9p a share. "The Board still believes there is a reasonable prospect that the previous NAV guidance of between 30p and 35p in cash over the period to 31 March 2019 can be met; however with the continuing difficulties in the occupier markets, in particular the Group's exposure to the occupational leisure market, the expectation is that it will be at the lower end of this range." Hmm, how much lower should we expect?
tabhair
27/2/2018
17:06
All management proposals approved, this company will be wrapped up in just over a year. For shareholders to realise the maximum benefit, then we're going to need to see the completion of pre-letting for Phases 3 and 4 of Rushden Lakes and the remaining restaurants at Stafford cinema development let before the company wraps up. We had some good updates in November and December since the final results. It seems reasonable given that progress, that substantially all the remaining units can be let between now and the winding up of this company. Interestingly, the contractor for Rushden Lakes Phases 2+3 has a live web camera set up. Everything looks to be going well so far. The large steel frame structure in the background is for the leisure/restaurants with the construction in the foreground going to be retail units. hxxp://winvic-live.co.uk/rushden-lakes-phase-2/
tabhair
10/2/2018
19:48
I'm still left with the feeling the BOD here are not of any value to the share holders and are only lining their own and the fund management team's pockets. Very tempted to abandon this investment despite the NAV being advised as 30-35p.
mrx001
09/2/2018
14:32
A vote against it will not achieve anything. Hopefully they'll sell all the assets before March 2019 and sort out most of the contingent liabilities. This will minimise the cash needed in the new company to cover the contingent liabilities.
npt
09/2/2018
13:20
So - is it a vote against. Or are we stuffed every which way
jlo10
05/2/2018
13:48
So, according to the proposal, if the issues with Highways England are not resolved on 31 March 2019, then the cash to cover full contingent liability will be transferred to the new fund. If the new fund resolves the issue at a much lower cost they stand to make a bundle. I think existing shareholders will be surprised about the extent of contingent liabilities, most of which will probably never materialise. Existing shareholders will pay for the worst case scenario re contingent liabilities and there is only upside for the new fund.
npt
05/2/2018
13:41
The 5 years management fees will have to be paid in advance as the old fund will cease to exist. I wonder how much this will amount to? If any "contingent liability" does not materialise this will mean existing shareholders will not benefit from it. If the Highways England issue remains unresolved this will probably also be a contingent liability. Funds to cover the full contingent liability will be transferred to the new fund and if the new fund can find a resolution at a much lower cost they will benefit alone. I can only guess that the provision for "contingent liabilities" is going to be as high as possible. Fuxken ridiculous. We have to pay these guys management fees for another 5 years just to provide them with an opportunity to make money of the remaining assets. Why aren't they marketing the remaining assets, like Nehwham Farm (Living Villages)? They are so arrogant - we are going to make ourselves a lot of money and we'll charge you for the privilege.
npt
05/2/2018
13:22
"As part of the actions to be completed following the Effective Time pursuant to the Scheme, the Company has agreed to pay the running costs (including remuneration) of the IW Group for the period from the Effective Time until the fifth anniversary of the Effective Time, for its services managing the transferred assets and associated liabilities it will have assumed under the Scheme." Does this effectively mean that the fund will transfer the remaining assets and liabilities (some contingent) on 31 March 2019 at market value as well as enough cash to cover 5 years worth of management fees? I'm struggling to understand why current shareholders need to pay 5 years of additional management fees while the new fund (Brendan) will be the only beneficiary of any upside. For instance, the new fund will get management fees from the old fund to manage Newham Farm and any uplift will exclusively to the new fund. Current shareholders have paid management fees for almost 10 years on this asset already and we are now being asked to pay additional management fees for another 5 years just so that the new fund can develop the asset. I truly don't understand this concept. We are paying the new fund to make money for themselves. I'm more than willing to pay additional management fees if existing shareholders share in any uplift. If existing shareholders will not share in any uplift I don't see why we have to pay fund management fees for another 5 years.
npt
05/2/2018
11:34
I always struggle to understand why the BOD is so keen to ensure that the investment advisor is well/overpaid. In this case my reading is that one of them will also be running the remaining assets:0( Nice work if one can get it. Also why are there no dates of when the remaining funds are likely to be repaid and indications of how much that is likely to be. I'm left thinking repeatedly the BOD are all lining their own pockets.
mrx001
05/2/2018
08:56
Yep, in theory there is value here. But I wouldn't trust this BOD, having observed them over the last couple of years.
glawsiain
05/2/2018
07:16
Haha so the investment advisor advises to sell him the assets of the company after receiving huge inflated payments for advice, I would vote against irrespective of the price offered as clearly he has not been acting in the shareholders interests for a while now with his fingers in tge pie ....
catsick
22/12/2017
12:30
things seem to be picking up. :0)
mrx001
15/12/2017
22:05
Going cheep?
mrx001
12/12/2017
10:01
npt - good idea in hindsight but I'm not a big fan of ponzi schemes.
mrx001
11/12/2017
22:35
Should have bought bitcoin. Lol
npt
11/12/2017
17:38
Bought some more today, am feeling quite confident of a good gain in March despite the track record of the current board. I wouldn't be surprised for there to be a slow tick up in the run up to March.
mrx001
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