Lxi Reit Share Discussion Threads

[jombaston] 01/11/2019 11:56

Delaying the dividend means that if they do announce a new issue, as I suspect, they can arrange the record date that excludes the new shares.

If they do issue new shares at 120p or below I would buy. I don't know what this means for the share price but I suspect it will drift into the results.

[skinny] 01/11/2019 09:58

I emailed LXI, their response :

"Interim dividend is expected to be announced along with the interim results on 26 November 2019".

[jombaston] 31/10/2019 15:59

Looks to me as if another fund raise is imminent now they have put the previously raised funds to good use. Might as well get some more away while the stock is trading at a healthy premium.

Maybe they will announce it at the same time as the results, especially if the numbers are good. With the last one at 118p, I guess they might want to get it away a fraction higher, depending on the new NAV.

[jonwig] 31/10/2019 08:00

@ johnrxx -

On 20/05 they said: "the Company today confirms it is targeting an increased aggregate dividend of 5.75 pence per ordinary share for the year ending 31 March 2020, an increase of 4.55% over the dividend target of 5.50 pence per ordinary share for the year ended 31 March 2019."

And on 13/06 and 25/06 and 19/07 and 22/07 and 14/08 and 02/09 and 09/10 and 31/10:

"The Company is targeting an annual dividend of 5.75 pence per Ordinary Share, starting from the financial period commencing 1 April 2019, with the potential to grow the dividend in absolute terms through upward-only inflation-protected long-term lease agreements, and is targeting a total NAV return of a minimum of 8 per cent. per annum over the medium term."

Plenty of things to worry about in the markets, but the LXI dividend isn't amongst them! (Change to six-monthly would have appeared by now.)

[johnrxx99] 31/10/2019 07:14

And still no mention of dividends, the only reason to invest in this stock.

Either the banks have an issue or they've gone to 6 monthly without notifying equity holders.

[skinny] 31/10/2019 07:08

LXi REIT (ticker: LXI), the specialist inflation-protected very long income REIT, will announce its results for the six months ended 30 September 2019 on Tuesday, 26 November 2019.

[johnrxx99] 24/10/2019 06:55

Hi jonwig - I thought the 13 June ex-div was an extra and thus doesn't affect the usual div dates.

Thus, as the fourth and final ex-div for last year was 30 May, I would expect a first quarter div for the new year to be in August or early September - unless they are going half year only. If so, I haven't seen an RN to that effect.

[jonwig] 24/10/2019 05:33

@ johnrxx - they announced a 1st interim on 05/06 of 1.44p for the period to 30/06. It was ex on 13/06 and paid on 23/09.

Is the changing calendar connected with dates of fundraising? Anyway there's plenty of time to announce Q2 for payment in December.

[johnrxx99] 24/10/2019 03:46

Dividends are a mystery. In February they paid a quarterly, then the fourth quarterly in July and since then nothing. As far as I can see they have mentioned an aspiration for y/e 2020 but no declaration, exdiv or pay date.

I've written to the company asking what's going on.

Also. Sharescope publish no accounts data. just daily price change.

[skinny] 23/10/2019 13:22

Not as yet, although its later than last year, it was November in 2017! - .

[bathcoup] 23/10/2019 13:06

Does anyone know the Ex-dividend date for Q2? It's overdue.

[ironstorm] 09/10/2019 08:46

Another good set of acquisitions. They keep doing more of the same- high quality tenant, long deal, inflation proofed.

Good stuff.

[johnrxx99] 16/9/2019 09:07

Each to their own. Good luck with that.

[ironstorm] 16/9/2019 06:56

Have to disagree with you there - I am of the belief if we crash out things will pretty much continue as they.

Not a resolution of course, more uncertainty for business going forward which is our economy’s biggest issue.

[ironstorm] 13/9/2019 07:30

One more point divi is healthy 4.4% and expected to grow in double digits. Looks like an easy 10% per year, year in year out, possible more if it re-rates.

One that just lock away.

[ironstorm] 13/9/2019 07:17

Looking at the chart the rights issue has been absorbed without a bump. The recent rns should show more f the same.

And whilst, never say never, client looks very resilient from Brexit.

Election of Jeremy Corbyn would hurt much more - business might drop off completely and Travelodge and Premier Inn would be badly affected.

Overall great business, this is one Nw where the chart pretty much just goes up.

[ironstorm] 14/6/2019 19:46

Good move today - could drop - but you could have bought in the issue and sold ahead of the result so hopefully sales won’t be too prevalent.

[dragonsteeth] 14/6/2019 15:21

quickmind, I too was one of the 35% allocations, though I went for more than I usually do believing there would be some scaleback. It will be interesting to see what happens on Monday if some sell for a quick profit or maybe look to increase their 35%.

[quickmind] 13/6/2019 17:26

Subscribed £10,000 for my daughter's LISA but only allocated 35% of it. Now showing £225 profit.

[ironstorm] 13/6/2019 06:42

Good news this. They have the funds now for next stage of growth. A bit tick from Mr Market.

Pleased to have taken up my allocation.