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 Shares Traded Last Trade
  0.00 0.0% 1.54 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.10 1.98
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 39.67 -11.67 -6.88 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.54 GBX

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Date Time Title Posts
26/6/201901:44Led by veteran property entrepreneur1,708
14/12/201810:06LXB Retail (LXB) One to Watch Monday 6
13/12/201810:33*** LXB Retail ***61

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Lxb Retail Properties Daily Update: Lxb Retail Properties Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker LXB. The last closing price for Lxb Retail Properties was 1.54p.
Lxb Retail Properties Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 172,350,374 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Lxb Retail Properties Plc is £2,654,195.76.
shaker44: If he effectively sold it to himself, definitely a conflict! Was he the vendor, valuer and purchaser?? What scrutiny of the price and by whom?? Another related party maybe. All very fishy
npt: Ex owner of the fund manger submitted a planning application on the land next to Rushden Lakes, an asset which it managed in the LXB Retail Properties Plc portfolio. The land was bought while the fund manager still managed the fund. Conflict of interest?
tabhair: I got my distribution today. 1.202572p a share. A terrible result from a terrible management team. Phil Wrigley Danny Kitchen Steve Webb Alastair Irvine George Baird Put these people on your black list folks.
npt: On 1 March 2019 the issued rns mentioned an expected final dividend of 2p, which equates to a £3,367,000 payment to shareholders. On 30 April 2019 the issued rns mentioned a revised final dividend of 1.2p which equates to £2,020,200, therefore there was a decrease of £1,346,800 in the final expected payment to shareholders. The £1,346,800 decrease does not even include the value realised for the Greggs and Blue Mountain Yard units. If £250,000 value for each unit was added by getting planning permission, that means that the value decrease between 1 March 2019 and 30 April 2019 is about £1,846,800. The Chairman mentioned that £400,000 related to Highways England and £700,000 to service charge caps for vacant units, but what caused the rest of the value loss? Assuming that the value uplift gained by receiving planning permission for the 2 units is correct, what caused the unaccounted £746,800 value loss? Did Blizzard Estates (owned by members of the fund manager) chip the price it was going to pay for Skew Bridge? I've asked the Chairman of the Board to clarify, but have not received a response.
npt: The Board agreed to transfer Skew Bridge Ltd to Blizzard Estates for £1.1m. Skew Bridge Ltd owns the rights to let the 3 remaining units in Rushden Lakes phase 2. When the Board agreed the transfer and price, they and the fund manager must have been aware of the cost exposure relating to the service charges of the vacant units. Now, at the very last moment the fund has to stump up £0.7m to cover service charges on the vacant units to January 2020. I can only assume this amount will be left in Skew Bridge before transferring it to Blizzard Estates. So what happens if the 3 vacant units are let in the net month or two. The cinema will open soon and the likelihood of letting the units are very high. If the units are let, tenants will be responsible to pay the service charges. What will then happen to the £0.7m or part of it not used to cover the service charges? Is this just an extra bung for members of the fund manager? Why did the extra £.7m just come out at the very last minute? The fund manager and Board probably know that shareholders just want this to come to an end and aren't paying attention and they are filling their boots to the brim.
npt: LXB had big losses during the past 3 years. The properties in the portfolio were massively overvalued and when they started selling assets the chickens came home to roost. The only winners in this are the fund manager and the Board. Shareholders, especially the ones who reinvested dividends or came late to the party, have been roasted. The fund manager earned more than £32m in management fees during the life of the fund and probably could not give a toss. The remaining members of the fund manager are taking on the remaining companies of the fund and are being paid handsomely for doing so. On the 1st of March a final dividend of 2p was guided. Today 1.2p. Extra costs of £1.1m just materialised out of nowhere. The Board, fund manager, accountants, tax and legal advisers all made a bundle. The real IRR after 9 years must be close to zero if not negative. If you came late to the party then you've absolutely lost a lot of money. These guys are charlatans and should be avoided if you don't want to lose your money. I thought I've seen it all, but the level of incompetence demonstrated by the Board and fund manager really shocked me.
npt: 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..
tabhair: 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: Another profit warning! Fxck! Fifth profit warning. Shareholders will be lucky to get 1p per share back. Absolute shambles.
adypauluk: According to, current share price is very undervalued with future cash flow value £7.28 v current share price 0.05. Also health of company is very strong. Looks like a great buy.
Lxb Retail Properties share price data is direct from the London Stock Exchange
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