Lxi Reit Share Discussion Threads

[alan@bj] 10/3/2017 07:08

There you are Rex, three in one day.

[tyranosaurus] 08/3/2017 12:02

When can we expect news on buying property ?

[gswredland] 06/3/2017 15:46

Win
Also got Bbox so hoping for the same steady reliable performance with good divi here.
Also have Wjg but this has done far better than I thought!

[jonwig] 06/3/2017 06:47

Good morning Alan - lucky you! Yes I got £10,000 too - it was all I had to spare in my ISA.

It's odd that these things often move to a premium after being unsubscribed at float (same happened with BBH). I suspect if you aren't a client of a connected broker you might not bother to apply.

Another new issue is due at the end of the month, Biopharma Credit PLC. ($1 per share, min 1,000 shares, target 7% yield.). I'll leave it for now and see what happens.

[alan@bj] 04/3/2017 17:38

Hi jonwig - just back from a couple of weeks in the Caribbean and find I got all the 10,000 i applied for. Nice to see the divi came in from WJG as well. What a good investment that's been!

[wingrove4] 01/3/2017 16:16

See there are three announcements of major holdings in this company already which is quite promising and it's above the offer price. I have done very well with BBOX and hope this will be similar

[jonwig] 01/3/2017 15:07

Serves them right! Buyers now having to pay over 101 plus costs and stamp duty.

[tyranosaurus] 26/2/2017 11:13

Perhaps someone should tell Hargreaves Lansdown what the allocations are.
Still waiting for them to wake up.
They are totally useless when it comes to IPO`s.
Still showing "Allocations expected 23 February" on their website.

[tyranosaurus] 24/2/2017 10:52

They won`t have enough money to buy all the assets they have already earmarked.
Overheads will be a larger proportion of turnover.
This will take longer to get going but I`m not here for a quick profit (just as well).
I would be buying more at the probable opening discount but have enough already and no available funds.
Long term these should be okay.

[daveofdevon] 23/2/2017 19:08

Lets hope we get a repeat of the launch of BB Healthcare, they also failed to achieve full subscription but 10 weeks on they are up over 11%

[jonwig] 23/2/2017 18:40

Thanks - they'll be a bit disappointed, I suppose. I should get all I applied for.

[tyranosaurus] 22/2/2017 13:43

I`ve gone for as many as I have spare ISA/SIPP cash.
Expecting the offer to be increased and still be well oversubscribed.
If I don`t get 75% of what I want I will top up in the market.

[skinny] 22/2/2017 09:20

Yes - unfortunately, I've been on holiday and haven't caught up with all of my secondary emails.

I'll watch on the 27th.

[jonwig] 22/2/2017 09:06

Skinny - TDD flagged up its participation with an e-mail. Can you sign up to e-mail alerts, etc. with HL?

[skinny] 22/2/2017 08:43

I've just seen these - unfortunately the offer is now closed via HL.

[jonwig] 21/2/2017 14:19

DAVE - I seem to remember we're about the same age (me, 70) and similar 'mature' approach to the markets.
Maybe the main difference is my West Yorkshire vs. your Devon!

[daveofdevon] 21/2/2017 12:34

Hi Jonwig, you must think I am your personal stalker but i think the problem is we share a similar portfolio profile. Anyway I have put in my application but this time instead of being a bit timid I chose to go for twice my normal amount.

My guess is that in these uncertain times there will be a sizeable demand and probably some scaling back so if I get 50% I shall be happy, if I get more I shall still be happy, what I don't want is a tinpot holding.

I note that the Midas tip in the Sunday Mail liked these and thought highly of the management team and their conservative approach.

[jonwig] 13/2/2017 14:57

Yes, the property boom seems to be over as far as capital values go, and they've done safety in spades. 5% indexed yield is a big plus.

I've already put myself down for some though not as many as I'd have wanted since the ISA is almost full.

[tyranosaurus] 13/2/2017 13:38

This looks like a get rich slowly share, with a decent yield.

[jonwig] 12/2/2017 07:19

giammy - Haven't read the literature in any detail yet. But I think it will be a fairly safe, boring 5% yield (indexed) with low LTV.

[giammy85] 11/2/2017 21:27

is this a good investment?

[jonwig] 08/2/2017 07:43

. .




LXi REIT will target attractive inflation-protected income and capital returns through a diversified portfolio of very long-let and index-linked UK property assets.

LXi REIT plc is a new closed-ended fund established to deliver inflation-protected income and capital growth over the medium-term for shareholders through investing in a diversified portfolio of UK property, that benefits from very long-term (typically, 20 to 30 years to expiry or first break) index-linked leases with institutional grade tenants. LXi REIT will not undertake any direct development activity nor assume direct development risk.

LXi REIT is targeting a minimum annual dividend of 5 pence per Ordinary Share, starting from the financial period commencing 1 April 2018 with the potential to grow through upward-only inflation-protected long-term lease agreements and is targeting a net total shareholder return of 8 per cent. plus per annum over the medium term
First dealings 27 Feb 2017.

FT article:

CALENDAR:
27/02/17 ... First day of dealings, 138,150,000 shares at 100p
12/10/17 ... Second issue: 196,881,707 shares in issue.
12/10/18 ... Third issue: 352,314,872 shares in issue.
Significant Holdings:
Brooks Macdonald ... 13,692,749 ... 9.5%
Old Mutual ......... 11,141,368 ... 8.1%
Close A M ........... 7,568,250 ... 5.5%
Baillie Gifford ..... 6,907,500 ... 5.0%
City A M ............ 4,148,111 ... 3.0%