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 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1.10 1.98 0.00 0.00 0.00
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
26/6/201902:44Led 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 2.02p while the 1 year low share price is currently 0.50p.
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.
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.
tabhair: I think the company has committed to providing an update on November 6th (the point at which cash from the performance bond is received), so they may just decide to provide a "big bang" update at that point. We will find out shortly enough. With regard to a potential distribution at that point. We can speculate a little on what we might be able to receive. We know the company currently holds £19.7M of cash, we also know that the performance bond should bump that up by £15M, giving us £34.7M. They have said that £2.5M will need to be spent on Rushden, and if the previous interim was anything to go by, we might get about £800K in rent with £3M in costs going out the door. Subbing that out those two items, we get to just under £30M. I am guessing based on the 30-35p range of guidance that was previously given by management, that the differential relates to the unknown liability to Highways England. Best case, the liability is nothing, worst case it's £8M. If we then assume that maybe £15M of cash will be held back to fund Higher Newham, Stafford Cinema and Newco company costs for two years, then we're looking at a potential distribution of between 4p and 9p. Clearly, the outstanding Highways England claim is highly material in relation to any coming distribution. Also, my assumptions ignore any other cost overruns. The last 6 months of trading have not gone well, so I could easily see another 2p knocked off here. Maybe in a nightmare scenario, there is no money to distribute? Naturally, that analysis just focuses on the currently portion of cash on hand that can be distributed. There is of course the value of Stafford and Sutton retail developments that the company hold, as well as other smaller assets (total value of property that will not go into Newco is about £50M as of most recent interims) which are expected to be sold prior to the incorporation of Newco in February next year. That's now just 4 months away, so the clock is clearly ticking on the disposal of these assets. If we take a 20% impairment on the total (leaves £40M) and then sub out the £25M in borrowings, that leaves us with another £15M of net cash (about 9p) that could be distributed, albeit at some point later. This is juts a guess, but given that only 4 months are left to the incorporation of Newco, I am expecting that the company will announce the sale of the Stafford retail development within the next month or two. The clock is ticking. Just as a final aside, having done the sums on best case/worst case scenario's for the year end results. I have fully braced myself for what I expect to be very nasty NAV as of year end September 2017. If the Highways England claim has merit and the assets of properties held is marked down sharply, I could see NAV of 24p. In that scenario, I think the share price is likely to take another battering, even off of the current price of 20p.
tricky1000: This isn't about results, in fact if I wanted share price to fall i would issue such resultsI would expect management to buy at this price, a year from now with assets sold and cash returned should be sitting pretty!
loobrush: Well what to do. I am of the view that LXB is a firm hold for me. The final results last year stated assets were 56p and also stated that at the report date(nov) the chairman expected that asset value be in excess of that at wind up despite challenging markets. Since then disposals,it seems to me, have not made any material change to asset values.Whilst the recent planning permission may well have increased the asset value. So if we get the asset value at the minimum of 56p it would give a 40% gain from todays share price. I would be happy with a 20% gain,let alone 40% so I am holding on as I think that with the substantial Directors and their pension fund holdings they will be looking to get the highest value possible over the next few months. So downside limited -upside possibility +40%
tricky1000: Thanks Mad had a few of yours this morning! Fundamentally nothings changed share price reflects excellent value compared to total assets to be returned. Time scale for closing up shop and giving back proceeds unchanged.
mortimer7: Update on website today: Detail in chairmans letter.
molrey: Orinocor, Nav has fallen from around 46p to 38.70p whilst the share price has fallen from around 48p to 39p this morning so a fairly rational market response I would say. A very disappointing update. In the interim report to 31/03/2016 they stated 'we remain confident that the end value for shareholders will exceed the 64.18p (46.18p adjusted to today's money) per share referred to above by a comfortable margin'. Today they are just confident of returning more than the 38.70p NAV. Will be interesting to see what price level they are willing to carry out share buybacks/director buys at.
simonsaid1: Tiltonboy I am invested in LXB but only a very small amount - I just meant I have little basis for assessing whether it's worth continuing to buy more LXB, simply because I don't have a vast amount of knowledge and rely on forums and columns etc. I'm still learning, so I have many little 'experimental' small holdings in smallcap companies. Flyfisher, thank you, that is extremely helpful. So this means future distributions will eventually exceed the share price? So, this present distribution neutralises, but in time they will build? Forgive my ignorance, we all have to start somewhere.
webclick99: There was an article in the IC yesterday on LXB. It said that the share price is at a substantial discount to NAV. Really?! On their table they are showing a share price of 62.75p and a discount to NAV of 38%!! The NAV as at end of March was 102. So me thinks they forgot to take off the recent distribution (after 31st March) from the NAV as at 31st March. Hopefully no one is buying based on this. Unless I'm making a schoolboy error
888icb: Good News on the planning front should give a boost to LXB share price.
Lxb Retail Properties share price data is direct from the London Stock Exchange
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