Lxb Retail Properties Share Discussion Threads

[mad foetus] 30/4/2019 17:50

If ever we hear of anyone involved trying to raise money again we should get together and rubbish the NOMAD on twitter for supporting such venal scumbags.

[shaker44] 30/4/2019 16:06

Philip Wrigley, remember the name. Chairman, so leader of this debacle. I won't say inept as some profited well from this wind up, but not p.i's

[yf23_1] 30/4/2019 15:57

Disgusting and predictable.

[npt] 18/4/2019 19:16

I'm anticipating that the next rns will say that there is zero left to distribute. LXB is suffering a death by a thousand cuts. This is like a slow motion car crash..

[npt] 18/4/2019 17:12

With the delay the Board will be paid for another month.
Just upside for them.

[shaker44] 18/4/2019 16:32

But you can be sure that the related party 'investment manager' will get his fee regardless of performance

[tabhair] 18/4/2019 16:28

If the board guided "approximately" £3.4m for the final distribution, they would have had wiggle room to pay out a slightly smaller sum without needing to put an RNS like this out.

At very best, I would say we are getting 1.5p. At worst, 0p is a real possibility now given the form these guys have.

[npt] 18/4/2019 16:23

The profit warning seems urgent, so I can only assume that there's a lot of damage.

[npt] 18/4/2019 16:23

There may be nothing left to distribute and the shares may be worth zero.

[tabhair] 18/4/2019 16:17

Further delays in the final distribution, and NAV is cut AGAIN.

For a supposedly competent board, the incompetence here is unbelievable. How can they have gotten this so badly wrong.

-----------------------------------------------

In the Circular, the Board announced that its expectation was that the Dissolution Return of Capital to Shareholders would be approximately £3.4m (2 pence per share). However, in light of the matters affecting the transfers of the four remaining subsidiary undertakings, the Board has subsequently reconsidered its guidance on the Group's final cash NAV and now anticipates that the final amount will be lower than previously announced. The Company will make an announcement with further details of the new guidance as soon as possible next week.

[npt] 18/4/2019 16:12

Another profit warning! Fxck!
Fifth profit warning. Shareholders will be lucky to get 1p per share back.
Absolute shambles.

[shaker44] 04/4/2019 14:39

Unloaded mine yesterday and just happy to be shot of this bunch of cowboys. Disgraceful bod.

[npt] 04/4/2019 13:55

Sold some of my shares over the past few days.
1.75p + risk free doesn't seem to bad compared to a potential 2p.

[shaker44] 29/3/2019 15:46

In these markets and with this BoD I prefer a bird in the hand really.

[shaker44] 29/3/2019 12:21

So after the recent rns, it seems the best option is to sell. Any one view this differently?

[papy02] 22/3/2019 09:21

Npt, yes, received in Selftrade yesterday pm

[npt] 22/3/2019 09:09

Has anyone received the 3p dividend that should have cleared on 21 March 2019?

[shaker44] 04/3/2019 13:53

This entire process also reflects very badly on channel islands financial regulators. Old boy network of lawyers and accountants who collect Ned roles, in same social circle as regulator.