Roadside Real Estate Share Discussion Threads

[petomi] 02/10/2024 09:39

IG a good question but if you see the previous announcement of the disposal in August that said most of the leases had been surrendered for nil cost and new leases had been renegotiated with the management team. So probably very different cost base.

hxxps://www.roadsideplc.com/investors/regulatory-news/

[investmentguru] 02/10/2024 07:04

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?

[petomi] 01/10/2024 12:00

Agreed Mike

As 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.

[mike the mechanic] 01/10/2024 10:16

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?

[2magpies] 01/10/2024 08:53

"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.

[mike the mechanic] 01/10/2024 08:48

In addition, CGV has agreed to pay a further £1.5 million of contingent consideration to Roadside, conditional on CSS receiving dispatch notices for, in aggregate, 25,000 smart pillows for dispatch on or before 11.59 pm on 31 January 2025.
So does this mean the CSS shares will be valued at £10,000 each as long as the 25,000 pillows are shipped in time?

GLA

[glavey] 01/10/2024 07:35

There is something seemingly odd about this company.

[bahiflyer] 01/10/2024 06:57

Yep CGV certainly seem keen on these pillows. At the latest sale price Road's remaining stake in CSS is roughly the same value as Roads Mcap.

[petomi] 01/10/2024 06:33

Value of CSS per share increased by sale of further tranche. Loan note subscribers get their bonus paid in CSS shares - a good deal for them but at the time the funds were needed.

Overall good news.

GLA

[mike the mechanic] 27/9/2024 08:32

Announcement imminent?

[petomi] 29/8/2024 06:54

They are getting out of the pub business but that had become a side show so agreed Mike there must be something more probably re CSS or possibly new development behind the recent double in price.

GLA

[mike the mechanic] 23/8/2024 13:44

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

[2magpies] 23/8/2024 10:14

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!

[varrirob] 23/8/2024 10:01

Is this how re rating looks?

[varrirob] 20/8/2024 20:11

Next tick up hopefully.

[mike the mechanic] 19/7/2024 16:05

Very interesting, something is brewing

[varrirob] 18/7/2024 18:18

Looks interesting

[here and there] 30/6/2024 10:14

The CEO is doing a presentation and Q&A on The Hive Telegram group tomorrow night at 7pm if anyone is interested.

[2magpies] 27/6/2024 08:59

Very much 'under the radar'!

Come a CSS disposal, and it will be there for all to see.

[aberloon2] 27/6/2024 07:41

Doesn't take much to move this up...

[2magpies] 04/6/2024 09:46

Tweet re CSS: