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Share Name Share Symbol Market Type Share ISIN Share Description
Lxi Reit Plc LSE:LXI London Ordinary Share GB00BYQ46T41 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 148.20 148.00 148.20 149.40 147.80 149.00 1,390,361 16:29:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 42.8 39.9 7.6 19.5 1,037

Lxi Reit Share Discussion Threads

Showing 251 to 273 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
19/5/2020
08:26
Give TL a discount, then Premier Inn will rightly ask for one next quarter, joined by Greene King. If TL go the CVA route then I assume a discount will be enforced on LXI if other landlords reach consensus.
winsome
19/5/2020
08:22
Quality commercial property is one of the safest assets I can think of long term. I remember working in Salford late 80's during a big downturn with many newly built office blocks lying empty at the Quays. Seemed at the time they would remain that way. A few years later they were full.
winsome
18/5/2020
13:43
Curious that with TL being there largest tenant at 10.4% of rent roll (£5m) they say nothing in the narrative about the situation. They are presenting rental data as FY% but for March qtr its c73% now up from 67% (6/4) with a payment plan for most of its tenants being agreed but presumably the outlier is TL. TL have publicly declared they want 18 months at 80% or will pursue a CVA ok all posturing to a degree but without TL rent they wont be able to cover the dividend with the increased shareholder base from last years equity raise. Theoretically the long leases should serve this company well but i wonder how many tenants will be back knocking on the door for renegotiation as the fallout continues to playout.
nickrl
18/5/2020
10:13
Private Equity mob took tens of millions out of Travelodge - hope any threat to CVA gets the treatment it deserves. Doesn't help when govnt bans winding up orders - on smaller tenants, agreed, but Travelodge both took advantage of govnt schemes (eg Furlough), whilst simultaneously not paying landlords.
spectoacc
18/5/2020
09:09
I have sympathy for the smaller tenants in the market and think they should be accommodated by landlords in some way where needed but Travelodge have deep pockets, took a lot of money in pre-lockdown in non-refundable bookings and also continue to operate 50 of their hotels for key workers paid for by govt (I presume). Budget hotels do well in poor times. Their request to reduce rent till end of 2021 is opportunistic. You cannot stop honouring your liabilities at times when you are making a loss. Otherwise capitalism collapses.
winsome
18/5/2020
08:09
Interesting article in the ST yesterday re Travelodge, and how a threatened CVA may not go so well for them. But agreed re lockdowns - question is, does Covid re-emerge, and how long does the uncertainty last (& to a lesser extent - do people return to something resembling normality). Thought their comment on the divi seemed fair.
spectoacc
18/5/2020
08:03
Results a bit reassuring this morning, which is the best we can say about anything these days. Let's hope pubs and hotels get to reopen as planned, maybe even sooner if UK starts to follow other EU country easing of lockdowns. Who'd have thought a few short weeks ago that Italy's bars and cafes, etc would be open today, and hotels and restaurants opening 3rd June? Anyway, I expect there will be a hit on LXI's rental income in the medium term, with delayed rent catching up before year end. No doubt some tenants such as Travelodge may never pay full rent for the 1st quarter but that shouldn't hit the div to any degree. If TL don't play ball then LXI should evict them and rent to Premier Inn instead.
winsome
15/5/2020
11:28
So all the hotels in the portfolio are under Travelodge? As Travelodge only wants to pay 20% of rent now, at worst case, LXI will lose 20% of rents (24% portfolio x 80% cut), so a similar reduction in dividend? Though insiders are buying at these levels, very interesting indeed
redponza
05/5/2020
06:23
NOTICE OF ANNUAL RESULTS. LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, will announce its annual results for the year ended 31 March 2020 on Monday, 18 May 2020.
skinny
04/5/2020
06:36
Can't knock that. Be interesting to see what LXI buy in return, but Social Housing clearly still has demand.
spectoacc
04/5/2020
06:01
PROFITABLE DISPOSAL. LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce the following profitable disposal. Following receipt of an unsolicited approach, the Company has sold two social housing assets for an aggregate price of £2.2 million to a specialist fund: · reflecting a net exit yield of 5.15%, which compares favourably to the net acquisition yield of 6.0% paid by the Company in 2017; · representing a 15% uplift on purchase price and a 3% premium to latest book value; and · generating an attractive geared IRR for the Company of over 15% per annum. The Company intends to redeploy the proceeds of the sale into its accretive asset pipeline once the impact of Covid-19 has become clearer.
skinny
20/4/2020
12:32
Travelodge have a cheek not paying last qtr end IMO - Premier Inn (WTB) paid up.
spectoacc
20/4/2020
10:39
Worrying news this morning that Nick Leslau’s Secure Income REIT has begun legal action against the owners of Travelodge over unpaid rent. LXI has quite a few Travelodges in their portolio so I wonder if will they follow suit?
gre
06/4/2020
06:33
Divi remains, but 67% of rent collected only. As with almost everyone else, the key question - how long does Covid-19 disruption last. That 67% is with Premier Inn paying (see post above).
spectoacc
06/4/2020
06:32
Trading update: https://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/dividend-and-trading-update/202004060700128127I/ Reasonable, considering the circumstances.
jonwig
24/3/2020
15:27
WTB have said they're paying Premier Inn's rent for this qtr, tho are also closing.
spectoacc
20/3/2020
14:56
Director/PDMR Shareholding.
skinny
20/3/2020
12:50
Our next-door neighbour might have a problem: he's colour blind to red-green. (He doesn't trade stocks, though.)
jonwig
20/3/2020
12:45
I still can't believe what I did yesterday - how hard can it be!
skinny
20/3/2020
07:07
Comment on virus and current market conditions: https://www.investegate.co.uk/lxi-reit-plc--lxi-/rns/robust-and-defensive-balance-sheet-and-portfolio/202003200700068907G/ Anyone selling this is crazy or desperate!
jonwig
19/3/2020
13:06
Much of Travelodge rooms booked well in advance on the non-refundable Saver rate. Premier Inn can reportedly withstand a temporary shutdown and may even have some hotels used for Covid patients. Starbucks cafes still in construction phase so unaffected at present. But on one cares. Cash isn't just king at the moment, its God.
winsome
19/3/2020
13:04
Well how annoying - I thought I'd added another 1000 earlier in the mid 60s - turns out I've sold 1000!!!
skinny
19/3/2020
12:50
Spec - LXI's LTV was 20% at 30 Sept. Travelodge at Companies House: https://beta.companieshouse.gov.uk/company/00769170/filing-history A strong balance sheet - shouldn't have much trouble paying its rent. Reckoned one of the safest UK REITs until just the last couple of weeks. (Lots of others getting the treatment, of course.)
jonwig
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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