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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| The Local Shopping Reit Plc | LSR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 20.30 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.30 | 20.30 |
| Top Posts |
|---|
Posted at 27/11/2020 07:12 by kooba 27 November 2020The Local Shopping REIT plc ("LSR" or the "Company")Change of Company Name to Alina Holdings PlcThe directors of the Company (the "Board") are pleased to announce that, as envisaged in the Board's announcement of 19 November 2020, the change of the Company's name to Alina Holdings Plc has taken effect.Having notified the London Stock Exchange of the name change, the Board anticipates that that trading in the Company's shares will continue under the Company's new London Stock Exchange ticker "ALNA". The Company's ISIN (GB00B1VS7G47) remains unchanged. |
Posted at 23/11/2020 15:07 by tiswas Now that is interesting. |
Posted at 30/7/2020 18:53 by hindsight From the last results in June and they also give a contactFollowing the buy-back, trading in the Company's shares on the London Stock Exchange was suspended, as the Company did not meet the minimum free-float requirement. The directors are actively working on plans for remedying this situation and restoring trading in the Company's shares. Enquiries: Bill Heaney, Company Secretary +44 7712 868315 |
Posted at 27/7/2020 11:29 by sd_anon Hi all, I'm seeking some info if anyone would be prepared to oblige me.I am executor of a will for a deceased relative. Their shareholdings include some LSR shares which we are not able to sell as it is suspended. Is anyone able to tell me if/when I will be able to sell these shares? I understand there was a takeover (of sorts) but this seems to have been going on for ages now. Are these shares dead money now or can I hope to retrieve something for the beneficiaries at some point? Any info or insight would be very welcome. Thanks. |
Posted at 22/8/2019 10:42 by varies I thought LSR was going to tender for its own shares but see now that the tender offer comes from Thalassa.Does this matter to LSR shareholders? Presumably not. |
Posted at 04/5/2019 18:01 by gbjbaanb They cannot block a dividend though, and LSR decides the dividend level, it doesn't have to be a special dividend either. Then they can announce they don;t have enouygh money left to make LSR a going concern, so will wind it up (as they are legally obliged ot do) and THAL can whistle. |
Posted at 04/4/2019 11:29 by deepvalue2015 @Exbroker you said 'buying your own shares during a takeover with a paper element just smacks of bad but legal practice at best.'But isn't THAL being advised by finnCap and WHI? SO are you saying these guys are 'bad' brokers or giving ' bad' advice? I note that the buyback as Kooba points out has been ongoing for some time and not implemented as part of the LSR bid. However the impact of this is not just buying in shares at a discount to THALs NAV (which creates value for THAL s/h) but also gives a firm exit option for LSR s/h who dont want to hold shares post t/o. LSR keep banging on about fulfilling the strategy approved by shareholders in July 2013. However at that time, the LSR NAV was 46p (as at March 2013 Interims Report: RNS Number : 7388F page 1). So after expecting a 46p payout, now 6 years on (2 years past the disposal timeline), s/h are now being offered less than 32p (unconfirmed by the LSR Board) 30% less. Surely it wouldn't have been approved had we known this would be the outcome. I would like to ask posters if they know of any reason while LSR will be 'holding back' on the sale of 3 properties in order to maintain the company's REIT status, if in fact the company is being liquidated?(RNS Number : 6416T pg 3) LSR has also claimed that 'An updated net asset value figure would require a revaluation of the Company's remaining property portfolio to RICS standards by an independent valuer in accordance with Rule 29', would be impracticable. (RNS Number : 6416T pg 3) But why is this the case, given the number of properties left on the books? Surely more clarity would be cheaper that a court battle? (albeit the latter potentially at the Board's personal expense.) |
Posted at 08/3/2019 19:57 by varies As a longstanding THAL investor I was content with most of Mr Soukup's deals until (1) he instigated the issue of preference shares that lapse on the sale of the ordinary shares to which they are attached, thereby consolidating his hold over the company and (2)he frustrated the orderly liquidation of LSR for no better reason, as far as I can see, than his reluctance to admit that THAL would have been better off if it had never bought its LSR shares in the first place.Without the preference shares and with cash receipts from the liquidation of LSR, THAL would be a much more attractive company to hold shares in. I agree with SteMis that a shareholder revolt by THAL shareholders after the LSR takeover is completed (if this comes to pass) would deserve our support. I suspect, however, that Mr Soukup would find some way of suppressing it. Since LSR's assets consist almost entirely of cash and THAL already has a quotation, I cannot see how a takeover of LSR on the terms proposed can be of any benefit to THAL shareholders other than Mr. Soukup. |
Posted at 22/12/2018 15:10 by topvest This is what was said in September:"LSR Thalassa currently owns 25.48% of The Local Shopping REIT plc ("LSR"). The liquidation of the company's assets continues apace; unfortunately, the losses incurred on disposal also continue apace. We are clearly unhappy with the level of cost that LSR and, therefore, its shareholders are incurring whilst its advisers, managers and consultants are rewarded for generating ever increasing losses! THAL's 25% holding does, however, represent 'negative equity control', which, bluntly put means that LSR will be unable to distribute any cash to its shareholders beyond the sum of its retained earnings (currently GBP8.1m but dwindling fast) without an extraordinary resolution requiring 75% of the votes cast at the meeting. Clearly no such majority can be achieved without Thalassa's votes. Thalassa accounts for its holding in LSR as an associate company. As a result, Thalassa's current holding cost basis is +/-29.6p per share, which does not reflect the +/-2.5p per share of Forex hedging gains that the Company has also realised and booked. I believe that Thalassa shareholders will do well out of the Company's investment in LSR, in spite of LSR's woeful performance!" Very clear: 1. Historical cost was 29.6p. 2. Clear undertaking of 'minority equity control' and likely blocking of any special resolution. 3. Conclusion that they will do well, and so the only way they will do well is if non-Thalassa shareholders of LSR get proportionately, a lot less. |
Posted at 07/12/2018 20:55 by topvest The Board and Thalassa appear totally stupid in wasting our money, particularly given the shareholder value they have already frittered away.I've just noticed, but Thalassa made their view very clear in the interim results by the looks of things: it was very obvious that they were going to vote against it. I suspect we may now get an offer by Thalassa for the LSR shares, but maybe not in cash. Who knows to be honest. The comment below is fairly ludicrous: "I believe that Thalassa shareholders will do well out of the Company's investment in LSR, in spite of LSR's woeful performance!" unless they put in a very lowball bid. Doing very well out of LSR is highly unlikely though given that they (like us) have sat on a wasting asset for years! LSR Thalassa currently owns 25.48% of The Local Shopping REIT plc ("LSR"). The liquidation of the company's assets continues apace; unfortunately, the losses incurred on disposal also continue apace. We are clearly unhappy with the level of cost that LSR and, therefore, its shareholders are incurring whilst its advisers, managers and consultants are rewarded for generating ever increasing losses! THAL's 25% holding does, however, represent 'negative equity control', which, bluntly put means that LSR will be unable to distribute any cash to its shareholders beyond the sum of its retained earnings (currently £8.1m but dwindling fast) without an extraordinary resolution requiring 75% of the votes cast at the meeting. Clearly no such majority can be achieved without Thalassa's votes. Thalassa accounts for its holding in LSR as an associate company. As a result, Thalassa's current holding cost basis is ±29.6p per share, which does not reflect the ±2.5p per share of Forex hedging gains that the Company has also realised and booked. I believe that Thalassa shareholders will do well out of the Company's investment in LSR, in spite of LSR's woeful performance! |
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