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Share Name Share Symbol Market Type Share ISIN Share Description
Lxb Retail Properties Plc 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
  0.00 0.0% 1.54 1.10 1.98 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 39.7 -11.7 -6.9 - 3

Lxb Retail Properties Share Discussion Threads

Showing 1601 to 1613 of 1800 messages
Chat Pages: 72  71  70  69  68  67  66  65  64  63  62  61  Older
DateSubjectAuthorDiscuss
24/10/2017
12:42
Re -read 1599. I refer to BoD not this bb. Sorry for any confusion
shaker44
24/10/2017
12:28
At least one thing has went right, no judicial review on Rushden so far, although a backlog exists, so it won't be for another 7 days that this is confirmed.
tabhair
24/10/2017
10:59
Basket case. This board a total waste of space
shaker44
24/10/2017
10:58
npt, if the company receives information that has a material impact and would lead to a change in guidance that was previously supplied by the company, then the Board must report it immediately. Given that the Board declared that shareholders were likely to receive in excess of 38.7p just a few months ago, there was no other option for them than to make the announcement that they did. The fact that the NAV impact currently appears to be unbounded makes no difference. Priority for management now is to provide a worst-case scenario. We need this sooner, rather than later.
tabhair
24/10/2017
09:23
Bloodbath is the word alright, significant volume of selling this morning.
tabhair
24/10/2017
08:26
This is a bloodbath.
orinocor
19/10/2017
12:00
It all seems clear enough to me. It sounds like most, if not all of the variable part of the guidance that was quoted in the previous update (the 30-35p range) is as a result of the uncertainty around the Highways England claim. In a worst case scenario, where it is found that LXB are liable for all the overruns, then guidance of 30p will apply. If the company is not liable, then guidance of 35p applies. My thoughts are that npt is right on which way the Highways England claim will go. If a contract with Highways England was agreed prior to them taking on the works, I do not see how Highways England can have any comeback because the cost of the works overran. To me, this is a mildly positive update as it suggests that 35p is more likely than 30p. The negative is that it could take months for this to be sorted out and as npt says, that 5p worth of cash will have to remain restricted on the balance sheet.
tabhair
19/10/2017
11:33
Cheers npt. I have sold out until it is clearer what the picture is
glawsiain
19/10/2017
09:42
They don't even say if the Highways claim is included in the prospective NAV range. Pathetic. One assumes not as they say "LXB does not consider it has any liability for them".
eezymunny
19/10/2017
09:01
Could just be trying it on and may come to nothing. My guess is that the 30-35 range has 30 as worst case scenario if highways claim is valid
daneswooddynamo
19/10/2017
08:30
Not sure I like that rns. Legal fight with Highways England sounds time consuming and expensive. Any thoughts, npt?
glawsiain
12/10/2017
11:18
Good spot, you can get an idea of the current occupancy of Phase 1 from the Rushden Lakes website. With Superdry taking 2 units, that leaves just 4 units remaining (assuming they haven't been filled either). hxxp://www.rushdenlakes.com/assets/uploads/2017/10/park_map_111017.pdf
tabhair
10/10/2017
11:42
I think you are being a little alarmist npt. As disgusted as I am about the increase in fund manager fees, especially after these significant declines in NAV, I still think there is protection here at the current price. The crown jewel of this company is the part of Stafford Riverside that the company retains. It is nearly fully let with tenants on long-term, upwards only contacts. Given the dash for yield for many investors these days, this is going to be a valuable asset for one of the larger British property companies, or maybe even an insurer. The recent interim suggests that the LXB portfolio valuation sits on a blended 5.7% yield. I don't know what the Stafford cap rate is, but if management have cut their valuation, then I imagine that cap rate should increase a bit, and that the asset should be much easier to sell. Remember that Morrisons bought the 70k+ sq/ft portion of this development for £25m just last year. Given that this development consists of 100k sq ft of space and the cash flow that is generated by this asset and the fact that the price has already been cut off a decent yield, I don't have any doubts that the asset can be sold at a price within the quoted NAV that we received in the last trading statement. Sutton currently consists of 27k sq/ft of retail space that is half let with the rest under offer. This is prime London property that has already received a haircut (and probably has been cut in price again if the recent trading update is anything to go by). I imagine the company will be eager to sign on contracts so this can be sold on. It's hard to speculate here, but my guess is that the recent trading statement with NAV decline was brought on by realistic offers that the company has received on their assets. With £50M of complete property on the books that is listed for sale, my best guess (going by the trading update) is that this NAV has taken about a 10% haircut, with the remainder being made up of the extra highways costs. NPT - for your prediction to come through, then I think we'd need to see that £50m of completely property that is up for sale to go down in value by 50%. I don't think this is likely. But we will see in two weeks.
tabhair
Chat Pages: 72  71  70  69  68  67  66  65  64  63  62  61  Older
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