Lxb Retail Properties Share Discussion Threads

[winsome147] 07/10/2015 07:26

Tipped by ST at IC? Surely that is the kiss of death, then LOL!

Half his tips, especially those based on discount to NAV and promise of shareholder returns) have gone pear shaped! I could name at least a dozen or so off the top of my head.

I've been following LXB for some months but I feel the market is skeptical. Will they really return all proceeds to shareholders and wind up or will they keep going and reinvest. Very tempting for management as we near the top of the property cycle.

[tiltonboy] 05/10/2015 19:40

This could pave the way for an early sale of the scheme, potentially adding another 8p to a payout.

[yupawiese2010] 05/10/2015 18:49

Stafford cinema proposals extended.

[badtime] 05/10/2015 13:46

Pity ST couldn't recommend LSR

[loobrush] 05/10/2015 13:34

From article---

Windfall cash returns

By my reckoning, LXB will have received well north of £80m of further cash inflows between mid-June this year and early 2016. That’s a significant sum because as soon as the Rushden Lakes development completes the board intend to use the initial proceeds (£70m) of that disposal to fund another significant return of capital. In other words, expect a cash dividend in the order of 38p sometime early next year, a sum worth 45 per cent of LXB’s current share price.

It’s likely to focus the mind of investors because I reckon that LXB’s net asset value will have increased to at least £202m BY EARLY NEXT YEAR, or 110p A SHARE, and this EXCLUDES the outstanding £11.3m payment from Biggleswade, AND the additional uncrystalised value in the second and third phases of the Rushden Lakes scheme.

(So final asset value could reach the 137p asset value as their June update)

[tiltonboy] 05/10/2015 12:54

Mentioned by Simon Thompson in the IC.

[mad foetus] 05/10/2015 12:21

the trend does seem to be in our favour at the moment. can't see any reason to sell for some time.

[badtime] 05/10/2015 12:13

Ah I wondered why the share price moved up

[strathroyal] 05/10/2015 12:05

Finally come to the attention of ST who has set an initial target of 99p. Bound to go up today

[yupawiese2010] 04/10/2015 07:56

Cinema set to replace garden centre at Rushden Lakes.

[loobrush] 02/10/2015 13:44

LXB looks an outstanding buy at this price and directors pension fund buying gives great confidence. I have bought some more.
I note that the Walton led team invested £12.5 million when LXB listed so they have a lot of money tied up here to make the company a success.
I don't see any downside but the upside if they can achieve asset values of 137p ( as update in June) is 50% + within 18 months.
So to me, in these stormy markets there are very few shares that can offer this sort of gain.

[ursus] 01/10/2015 13:41

I presumed you meant yr pension scheme until I read the RNS....

[badtime] 30/9/2015 10:22

Another million in the pension scheme...really going for it

[tiltonboy] 30/9/2015 09:17

Some big slugs going through this morning. Be nice to see the company buying in for cancellation.

[mad foetus] 28/9/2015 11:00

another day, another buy for the pension scheme.
clearly the board think the current price is very cheap.

[mad foetus] 25/9/2015 09:36

and another buy for the pension fund. ain't no stopping these guys/presume there is a seller lurking (delete according to how rampy you feel)

[mad foetus] 24/9/2015 16:31

well, that's annoying!

[tiltonboy] 24/9/2015 16:05

It got rejected on traffic grounds, despite the council's own traffic team helping LXB with the scheme!

[mad foetus] 24/9/2015 16:00

The supporting docs on the county website indicate it has been approved. Is that the understanding of those watching the webcast?

[jaws6] 24/9/2015 15:22

listening now

[tiltonboy] 24/9/2015 15:10

Just Google - Cornwall Council webcasts.

[jaws6] 24/9/2015 14:53

tilton link please if you can .Tks