ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ROAD Roadside Real Estate Plc

26.80
0.80 (3.08%)
11 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Roadside Real Estate Plc LSE:ROAD London Ordinary Share GB00BL6TZZ70 ORD �0.00860675675675676
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 3.08% 26.80 235,030 10:27:14
Bid Price Offer Price High Price Low Price Open Price
26.60 27.00 26.80 26.50 26.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 60k -10.04M -0.0701 -0.51 37.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:43:59 O 50,000 26.46 GBX

Roadside Real Estate (ROAD) Latest News

Roadside Real Estate (ROAD) Discussions and Chat

Roadside Real Estate (ROAD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:15:0025.78100,00025,780.00O
15:09:5926.6050,00013,300.00O
12:58:2225.50500,000127,500.00O
12:57:2525.50500,000127,500.00O
11:54:0426.8040,00010,720.00O

Roadside Real Estate (ROAD) Top Chat Posts

Top Posts
Posted at 11/10/2024 09:20 by Roadside Real Estate Daily Update
Roadside Real Estate Plc is listed in the Hotels And Motels sector of the London Stock Exchange with ticker ROAD. The last closing price for Roadside Real Estate was 26p.
Roadside Real Estate currently has 143,261,138 shares in issue. The market capitalisation of Roadside Real Estate is £5,157,401.
Roadside Real Estate has a price to earnings ratio (PE ratio) of -0.51.
This morning ROAD shares opened at 26.50p
Posted at 06/10/2024 12:04 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 08:04 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 11:16 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 07:57 by bahiflyer
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.
Posted at 01/10/2024 07:33 by petomi
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
Posted at 29/8/2024 07:54 by petomi
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
Posted at 23/8/2024 14:44 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 27/3/2024 17:53 by mike the mechanic
@F&B
I agree, the CSS investment is already worth a multiple of the current share price.
Admittedly the pubs are a drag on the valuation so the sooner they're offloaded the better.
Posted at 21/3/2024 12:41 by mike the mechanic
Steative
I 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 20/3/2024 16:56 by wildy1983
Yes , RNS today 20th March apparently selling 952 shares at £6302.53 per share in the subsidiary Cambridge Sleep Sciences to US based CGV Ventures , circa £6.0million. Sale reduces the company's holding to 65% from 75% , hence the 65% has significant valuation ( circa £30-40m ). Big reaction to Roadside's shares today ,up 187% . Hopefully there will be more uptick .
Roadside Real Estate share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock