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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lxi Reit Plc | LXI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 100.80 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 100.80 | 100.80 |
| Top Posts |
|---|
Posted at 08/5/2024 16:56 by speedsgh Ex-LXi team calls bottom of market with Special Opportunities Reit float - |
Posted at 05/3/2024 18:29 by williamcooper104 Buy buy LXI And mores to the point; buy buy Alverium Annoyingly my broker showing the whole value of my position as a P&L loss at moment - as it often does (not without cause) for my few HOME shares |
Posted at 04/3/2024 14:21 by speedsgh Court sanction of Scheme of Arrangement - On 27 February 2024 the Board of LXi REIT plc ("LXi") announced the passing of resolutions, at a Court Meeting of Scheme Shareholders and the LXi General Meeting of LXi Shareholders held on the same date as the announcement, approving the recommended all-share merger of LondonMetric Property Plc ("LondonMetric") and LXi (the "Merger") to be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"), the terms of which are set out in the scheme document published on 6 February 2024 (the "Scheme Document"). The Board of LXi is pleased to announce that the Court has today sanctioned the Scheme and issued the Court Order in connection with the Merger. The Scheme is conditional only on the delivery of a copy of the Court Order to the Registrar of Companies, which is expected to occur on 5 March 2024. The last day for dealing in, and for registration of transfers of, LXi Shares will be today, 4 March 2024, and the Scheme Record Time will be 6.00 p.m. on 4 March 2024. It is expected that the LXi Shares will be suspended from 7.30 a.m. on 5 March 2024, with the cancellation of admission to trading on the London Stock Exchange of the LXi Shares taking effect from 8.00 a.m. on 6 March 2024. It is expected that, subject to the Scheme becoming Effective on 5 March 2024, Admission of the New LondonMetric Shares will occur at 8.00 a.m. on 6 March 2024. |
Posted at 11/1/2024 09:41 by nickrl You will get 0.55 of a new LXILMP share for each LXI you hold. |
Posted at 18/12/2023 17:21 by pyufak one last thought for now; would be assuming this is done on a NAV for NAV basis because:Looking at the holdings of the respective REITS - I would assume that London Metric is after the old Secure Income REIT assets. The blended portfolio net yields are 5.6% for LMP vs. 5.7% of LXI; but what strikes me is the LMP logistics at 5.3% vs. the LXI's healthcare at 5.2% and theme parks at 5.1%... seems a bit of a tight spread in my eyes there between healthcare and logistics if I am honest. Healthcare trading almost equal yield to logistics - I'd go for healthcare for the future demographics; same for the theme parks - not going to be able to build more Warwick castles etc. |
Posted at 18/12/2023 17:04 by pyufak Will have to wait to see the terms and I will need a bit of time to full assess London metric.Nick Leslau is quietly building a property juggernaut and I am keen to stick with him. First glance at London metric and looks a solid portfolio in areas where LXI isn't big so likely to complement it well. I wonder if the Travelodge sale is going to be placed on ice because given the recent move in gilt yields and this news - not sure it makes sense to let go of 200m of property at 6.7%+ when this expanded portfolio is capable of holding it and the LTV isn't going to be an issue. I am a bit surprised by the news - I've long been a big advocate on this forum of what a great portfolio I think LXI owns and puzzled by the discount. I am happy a quality management team agree... I guess I just thought it would be LXI snapping up other REITs rather than the other way around. Two of my other holdings, EBOX and Grainger, both spent a period far far too cheap and now normalising. But I think if bond yields continue to fall there will be a lot more M&A activity even at current valuations. |
Posted at 18/12/2023 15:30 by wsm812 Small uplift in the sp, but I think there will be more to come. The release talks of a merger, but LMP will be takeover the portfolio of LXI, so if they want it they would have to ensure buy in from the share holders at a reasonable valuation....somethiI will continue to hold, knowing that my holding and prospects have signifcantly improved on this news. |
Posted at 18/12/2023 14:14 by tradez4dayz React:LXi and LondonMetric in merger talks to create £3.85bn listed giant18 Dec 2023 13:42 GMT | by Chris Borland, David HatcherDeal would form income-focused REIT across some of real estate's strongest sectorsWhat LXi REIT and LondonMetric are in merger talksWhy To create an income-focused, triple-net business that would create economies of scaleWhat next Talks are at an advanced stage PDFTHIS BREAKING NEWS STORY IS BEING UPDATEDLondonMetric and LXi REIT are in advanced merged talks, React News can reveal.The proposed deal would result in a listed business with a £3.85bn market cap, eclipsing that of sector blue chip British Land.It is anticipated that the all-share merger would result in a management team led by LondonMetric and its chief executive Andrew Jones. However, veteran investor Nick Leslau and major shareholder in LXi, is also expected to be involved with the combined entity as a non-executive, creating an enviable board capability.The driver for the deal is understood to be in part focused on creating economies of scale and a company that is of a scale to attract even greater attention from international investors.The combined portfolio of more than £6bn would be concentrated on some of the property market's strongest sectors, including logistics, convenience retail, hotels and leisure. It would have no legacy exposure to offices or shopping centres, unlike some of the listed sector's struggling REITs.Barclays is advising LondonMetric. Lazard is advising LXi. |
Posted at 13/11/2023 19:19 by pyufak Hi Skyship,I politely disagree. In my opinion LXI is in a much stronger position than many other REITs which I have viewed. The only one I know well which you mention above is EBOX -I also believe this is cheap. However, EBOX is currently on such a large discount because it has yet to release its updated NAV. Unlike LXI which has seen strong director buys EBOX has been silent - no trading updates or director buys in the respective windows which is frustrating. Also the diversification across sectors rather than been a single sector REIT has advantages in times of stress. The yield differential is smaller than you say - 7.1% given the dividend went up to 1.65p per quarter in September. As a trading position I can understand why you may prefer EBOX or names you believe have more upside in the short term but as a long term income play I believe LXI is certainly a safer play than EBOX at present. |
Posted at 23/10/2023 07:18 by spectoacc I keep returning to LXI but that hasn't included buying it again yet. Suspect I won't, and should probably strike it from watchlist.Views as before - Alvarium, c.£14m pa fees, Travelodge, Alton Towers up for sale, the very poor (SIR) management decision during Covid to abandon uncapped RPI rent, the mis-timing of the SIR acquisition, and the slight feeling LXI's a financial vehicle more than it is property. Wouldn't argue it's expensive tho - good luck holders. The biggest issue LXI has as an investment, is just how much other cheap stuff there is. Eg WHR nearing 70p, SHED at £1 issue price, & a plethora of non-REIT like GSF, GCP, SEIT etc. There's a big sale on, and it's starting to feel like a closing down sale. Waiting for Black Friday. |
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