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
  +0.05p +0.22% 23.05p 22.60p 23.50p 24.30p 22.70p 23.90p 147,142 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 62.0 -15.1 -9.2 - 39.73

Lxb Retail Share Discussion Threads

Showing 1651 to 1675 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
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
07/12/2017
12:30
Have just bought back into these after having given up in disgust a year or so back. Hopefully they will be able to deliver in March this time. :0)
mrx001
06/12/2017
10:41
You are correct of course but on past form they will be sold of cheap to related parties. Be nice if the BoD acted in shareholders interests though- and pigs may fly.
shaker44
06/12/2017
10:00
LXB should open up the assets to be transferred to an outside bidding / appraisal process to crystallise the meaning of "arm's length".
actofwill
06/12/2017
09:34
Is the Higher Newham Farm, and Living Villages IP, part of the assets that are going to be transferred to the fund manager? Outline planning permission for Higher Newham Farm was achieved in August 2016. There must be more than enough time to submit a detailed planning application well before March 2019. I have a feeling that a detailed planning application won't be submitted as this will cause a value uplift before the asset is sold to the fund manager.
npt
05/12/2017
09:22
Does anyone have any sense how much capex they still need to spend?
actofwill
05/12/2017
09:16
Looks indeed like a positive NAV and strategic update The best thing here is that the NewCo has been abandoned - so we are not exposed anymore to the abysmal capital allocation "skills" of management (leaving aside from the fees charged for it). The reference to management as "shareholders" suffering pain is a new one. It's good to see that alignment of interest (once management fees fade) ultimately works. This seems now to converge to a pure liquidation play - obv still with risks The only "fee" I can see is the "arms length" transfer of something that is claimed to be worth < 1p. We collectively need to make sure that its really < 1p and nothing more...
actofwill
05/12/2017
09:14
The NAV of 29.52p is higher than I anticipated. Buying in at 22p today seems like a good investment if the 30-35p is realistic. 36% upside on the lower end NAV estimate. The Board has disappointed by reducing the end NAV estimate, so hopefully the 30-35p estimate is conservative and won't be revised down again. Worth holding until the end. Not a seller at the current price.
npt
05/12/2017
08:52
Am i missing something here , buy today at 22p up to march 2019 return anticipated of between 30 - 35 p per share .
partner
21/11/2017
14:44
The fund manager wants to sell Stafford Retail, Sutton and hopefully Sheppey before transferring the remaining assets to Newco. If the Newco proposal gets approved in Feb. 2018 it will take a few months to implement. I think the fund manager has at least 6 months to try and sell Stafford, Sutton and Sheppey. Hopefully the accounts will give us a better idea of the current state of play.
npt
21/11/2017
14:36
I would be shocked if Sutton is sold anytime soon. The planning application for the amalgamation of units B3, B4, and B5 for the gym has not yet been approved, so I imagine this property would be very difficult to sell at present. The same goes for Neats Court. I see another planning application for it from LXB that is awaiting approval. I am guessing the two remaining units are proving difficult to let, that is why they are requesting a loosening of restrictions. Stafford retail should be at full occupancy, but as you've stated the lack of communication (other than the warning of an undisclosed write-down) regarding this must be concerning. Stafford is fully, or almost fully let though, so you would think that at this point it's the most likely to be sold.
tabhair
21/11/2017
14:21
The management fees are fixed until March 2019 (I think) and I'm sure the fund manager will want to be remunerated if they have to stay in until phase 2 and 4 at Rushden are constructed. Hopefully The Crown Estate will have taken over the entire project before March 2019.
npt
21/11/2017
14:11
Any new financials, based on history, will include additional payments to the Investment Manager, spuriously justified. But I will be very happy to be proved wrong, not to say, very surprised.
shaker44
21/11/2017
13:51
I wonder whether the accounts will only be released in late December/early January when the fund manager has something positive to disclose at the same time - like the sale of Sheppey/Sutton/Stafford etc. Concluding the sales should enable a 15p distribution.
npt
21/11/2017
13:39
A 15p distribution? In our dreams I think. In the best case scenario (assuming that no money is due to Highways England) - I estimate that the company holds about £25M in cash (about 15p). This is adding the £8.6M that was/will be received from Rushden to the current cash balance, also including £1.3M from Greenwich, then taking out £2.5M for expenses and £2.5M for committed to Rushden costs. I am guessing that in reality, things are worse than that, as there always seems to be mishaps and cost overruns with this company. I am thinking if we include a Highways England claim and overruns, maybe there should be another £5M deduction to the cash balance. Assuming the company would want to keep some sort of a cushion, maybe they could afford to pay out £10M (which would be about 6p). If Stafford or Sutton was almost close to a sale, perhaps, they could pay out £20M (about 9p).
tabhair
21/11/2017
09:18
The September 2017 accounts will be released any day now. Dividend payment to follow soon? 15p?
npt
16/11/2017
07:51
http://uk.advfn.com/p.php?pid=nmona&article=76107638
spob
09/11/2017
10:33
The oldco windup and Newco proposals will only be revealed to shareholders at the end of Feb.2018 for a vote. The implementation of the proposals may take a few months. I still think that the fund manager has 5 to 6 months left to sell assets before transferring the remainder to Newco. The last thing anyone wants is a firesale of the remaining assets. I don't mind waiting a few months longer if it is going to secure a higher sales price. More time hopefully means getting more lettings done and achieving a higher sales price.
npt
09/11/2017
10:13
Yes, the we were promised end of year results in the second half of November, perhaps they will kitchen sink the good and the bad news then. It seems like a lot of disposals (Stafford Riverside, Sutton, plus a few other bits and bobs) that were promised prior to Newco will need to happen between now and end of February 2018. Very little has been heard on this front, bar the teaser that Stafford Riverside is being actively marketed. No progress. I wonder is there a possibility that Newco gets pushed back even further.
tabhair
09/11/2017
10:07
The September 2017 numbers are not going to look pretty and the fund manager probably wants to keep some good news (lettings at Rushden) back to cushion the blow. I don't expect an update before the release of the accounts closer to the end of the month. The fund manager must currently be negotiating with TCE to exit the Rushden Lakes project. Getting planning permission for the link road which will enable the practical implementation (traffic & parking) of the terrace A extension will hopefully add some value. I'm not expecting any developments re Sutton, Sheppey and Stafford apart from a few lettings. Selling the three assets may take longer than anticipated.
npt
09/11/2017
09:06
Rushden Lakes Link Road site is available. I think it's very strange that we have not had an update yet, we were promised one when phases 2+3 of Rushden went unconditional and the performance bond associated with this was received. It seems like we've had quite a lot of material information since then. We have heard from npt about numerous lettings, we should have further information about the Highways England claim, there is the link road of course, there's the revised funding arrangement for Rushden Lakes that the company hinted at.
tabhair
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
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