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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Roadside Real Estate Plc | ROAD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 2.74% | 30.00 | 12:43:45 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.70 | 29.70 | 30.00 | 30.00 | 29.20 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 19/12/2024 18:15 by typo56 13 DecRoadside (AIM: ROAD) expects to issue results for the year ended 30 September 2024 on Thursday 19 December 2024. Nothing so far today. You have to wonder why. |
Posted at 06/10/2024 11:04 by petomi Had a chance to check the impact of the recent sale of a second tranche of CSS shares for £8.5m at £8,500 per share (before contingent uplift) against previous financials and in context of Meadow JV.On a proforma basis, using the figures in the March interims, the £8.5m when received should reduce net borrowings below £10m. Using the £8,500 per share and our remaining 47.8% holding in CSS indicates a value of c£40m not yet recognised in the balance sheet. So this reduces borrowing concerns and gives ROAD much more room for manoeuvre. The key decision now facing them is whether to increase their share in the JV with Meadow from 3% up to a max 10% (with associated uplift in development funding obligations). The 31 October RNS announcing the JV said they had 12 months to make this choice (although that might be subject to renegotiation). If they are able to take a more meaningful stake in the JV that would be a big positive. GLA |
Posted at 02/10/2024 07:04 by investmentguru I note the pub business is currently loss making (£0.9m) and has been given for £1 to the people that currently manage the pubs for ROAD. One wonders why they would want a loss making business? If they think they can make it profitable, then why haven't they done so already for the benefit of ROAD shareholders? |
Posted at 01/10/2024 12:00 by petomi Agreed MikeAs I recall they have the opportunity to increase their JV stake if funds are available, and I would be very surprised to see a dividend at this stage. |
Posted at 01/10/2024 10:16 by mike the mechanic I'd prefer that the funds were invested in property. By all means distribute further down the realisation path but if property investment doesn't boost the share price more than a special dividend then what's the future point of ROAD? |
Posted at 01/10/2024 08:53 by 2magpies "Roadside intends to use the proceeds from the Transaction to reduce the Company's debt and a further announcement will be made following receipt of the proceeds of the Transaction."Could that "further announcement" be a declaration of a special dividend? I, for one, wouldn't be surpeised. They can't say it now because the funds are not in the bank as of yet. |
Posted at 23/8/2024 13:44 by mike the mechanic I think a substantial CSS sale has to be behind the price spike.A large special dividend would suggest they had nothing better to invest in. Now seems like a good time to be investing in property so why wouldn't ROAD take up their entitlement to a larger share of the property portfolio |
Posted at 23/8/2024 10:14 by 2magpies From the interims."By the end of the 2024 calendar year, we expect to have deployed much of the £100 million capital allocation agreed with Meadow .." And of course, there is CSS! Wonder if a full CSS disposal could result in a plump special dividend! |
Posted at 21/3/2024 12:41 by mike the mechanic SteativeI agree in general but the sale was 10% of the whole investment, reducing ROADs holding from 75 to 65%. Still a game changer investment which can increase the JV share (per previous announcement), pay down borrowings and fund further road side investments. Don't forget that ROAD is also being paid and incentivised to operate the JV by Meadow Partners GLA Mike |
Posted at 21/3/2024 11:49 by stealive ROAD sold 5 per cent of their holding at 6 million pound. They made two point seven million profit on their original two point seven million investment. They still have a holding of sixty five per cent which on today's prices means they can draw thirty nine million. That would give them substantial leverage going forward. |
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