The Local Shopping Reit Investors - LSR

The Local Shopping Reit Investors - LSR

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
The Local Shopping Reit Plc LSR London Ordinary Share GB00B1VS7G47 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 20.30 01:00:00
Open Price Low Price High Price Close Price Previous Close
20.30 20.30
more quote information »
Industry Sector

Top Investor Posts

kooba: Well I think we can see with holdings in company.. Peter Gyllenhammar ..well known activist value investor ..buying into cash and property at huge discount and looking for more it would seem.Will go for control and probably try to liquidate and pay 28-30p out I guess.However major holders DS and Thalassa disc trust may have other ideas...could get interesting.
kooba: Not sure if there's upset might not be their thing? Agree taking low ball price for what is clean vehicle with cash and realisable assets...if it is them.I've bought a few down here topping up , but the demerger hasn't proved a shareholder valuation enhancing event so far...but as with many things Thalassa , hard work understanding the moves ,motives and plans for now 3 corporate entities.. definitely value plays and if the vehicles attract the right deals could be big upside. Feels there should be clearer messaging for all 3 listings on where it's all going and then might attract new investors to narrow the discounts to book as they trade at value trap valuations which don't hopefully recognise the potential.
gbjbaanb: hTTp:// This is where to look. Only specimen forms are on the site now. But if you hold with a nominee broker, contact them and give them your instruction.
gbjbaanb: Oh the lsr website is a section for investors concerning the reduction. Last I looked (last week) there were only draft forms.
scburbs: Everyone knows the shell is largely worthless. He isn’t a real estate investor desperate to acquire a REIT. It’s an attempt at an enforced discounted rights issue that his own shareholders won’t support nothing more. The LSR share price tells you all you need to know about how valuable the offer is. If the offer fails and wind up is approved there will be a c.10% jump. I think that says it all.
hindsight: This has been a clear demonstration of Thal investment skills. So far probably lost thier investors £1m directly and 250k indirectly. Another point to make if they phone again.
varies: I have now completed my "arbitrage". For every 36 THAL sold I have bought 100 LSR. If the takeover proceeds, I will receive 26 new THAL shares and £14.64 per 100 LSR. So I will be getting £14.64 for the 10 THAL shares lost, valued currently at £8.00. Have I got this wrong ? I am still left with about 60% of my THAL holding. Perhaps I ought to proceed in the same way with these. Curiously enough I have been unable to buy LSR through Barclays Smart Investor but have done so through Interactive Investor.
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.
hillofwad: Skyship Be very surprised if they get that Scburbs It looks like they were waiting to see if they could swing Argos on this one before hitting the market .Clearly that has failed .I guess they would have accepted £45k pa if they had hooked up for a long 'un The problem is they have had oodles of time to sort the lease out so investors are going to factor in a hefty vacancy Maybe they have given The Italian Way a capital incentive to sign up for an extended lease.That would be a logical explanation .I don't think investors will be fooled by that one
jamiejark: It seems to be a growing trend that more and more buy-to-let investors are moving into the commercial auction market which should bode well for LSR over the next 12 months. Transactional volume in auctions is growing which is always the key yard stick for a healthy property market. Yields also appear to be continuing to compress. The recent article in Property Week below seems to support this... "The volume of investment-grade commercial property sold at auction in 2016 grew by 10% to £820m, the latest Commercial Property Auction Data (cPad) report has revealed. The report, which was prepared by MSCI and auction house Acuitus using auction sales data from the Essential Information Group, showed that the number of lots sold last year grew sharply as well, by 33%. The strong performance, which contrasts with the sharp drop in transaction volumes across the wider commercial market, was driven by high demand from high-net-worth investors put off the residential sector by the increasingly punitive tax regime. Acuitus founder Richard Auterac said he expected this trend to continue to drive sales this year. Activity in the first auctions of 2017 suggest that high-net-worth investors will remain active in the auction room - Richard Auterac “Activity in the first auctions of 2017 suggest that high-net-worth investors will remain active in the auction room, with particularly strong bidding seen for lots coming forward in the £1m to £5m value range,” said Auterac. “With ongoing economic and financial market uncertainty, which will undoubtedly persist over the coming 12 months, the commercial property sector is capturing investor predilection for real investment assets. “Furthermore, the compounding of tax increases for residential buy-to-let investors is also driving large-scale investors in this sector to switch capital towards commercial real estate.” In the immediate aftermath of the Brexit vote, investors showed little sign of being put off London. Although the proportion of London assets sold fell, demand for properties within the M25 was exceptionally strong towards the end of the year. In December, all the London lots sold and the average lot size rose to £1.4m. Office gains Retail continued to dominate the auction room, but the sector’s share of transactions dipped from a long-term average of 67% to 64% last year. Meanwhile, the office sector gained share thanks to a large number of high-value assets offered for sale, notably from institutional funds and banks looking to take advantage of strong demand from high-net-worth investors. The office sector also recorded the biggest movement in yields, which were down 48 basis points year on year. Yields hardened across all sectors last year except leisure. Auterac said this trend might not continue in 2017 as pricing on riskier assets came under pressure. “Despite the evident and growing demand for commercial property among private investors, there are challenges to the market,” he said. “The current economic backdrop means that the future income of some assets will inevitably be more uncertain. “This will be reflected in the adjusted risk assumptions of investors and therefore in the necessary pricing of such assets.”
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