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Share Name Share Symbol Market Type Share ISIN Share Description
The Local Shopping Reit Plc LSE:LSR London Ordinary Share GB00B1VS7G47 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 20.50 20.00 21.00 20.00 20.00 20.00 59,380 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 -1.9 -2.3 - 17

The Local Shopping Reit Share Discussion Threads

Showing 3276 to 3299 of 3525 messages
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
28/3/2019
07:46
Same here. Very unlikely to succeed, perhaps another percent or two.
frazboy
28/3/2019
07:38
Surprised they got as many acceptances as they did, but it still only represents less than 1 in 5 accepting.
tiltonboy
28/3/2019
07:31
39.6% thus far
frazboy
27/3/2019
12:03
SteMiS, As above
tiltonboy
27/3/2019
11:12
I've had stuff directly from THAL even though my shares are held in a pooled nominee account at Selftrade.
stemis
27/3/2019
10:48
They use Section 793 of the Companies Act to find out the underlying holders.
tiltonboy
27/3/2019
10:43
I imagined that as I wrote to LSR they just used my email address from that ?
hindsight
27/3/2019
10:30
Interesting, DF KIng have been in touch with me, but not Thal, I wonder how nominee companies decide what to pass on to underlying owners.
gfrae
27/3/2019
10:16
Another load of paper from Thal this am. The company address on front page makes it a minus marketing leaflet before they start Also had an email from DF King Ltd D.F. King has been retained by Local Shopping REIT plc (GB00B1VS7G47) in connection with their 2019 AGM (to be held on 29 March) and their GM (to be held on 5th April).
hindsight
23/3/2019
10:59
Selftrade offer the option
stemis
22/3/2019
17:38
AJ Bell offer the option
alanji
22/3/2019
15:48
iDealing doesn't offer the option to elect for more cash or more shares. Just wondering if other brokers too have this limitation? Edit: When I spoke to idealing I was informed that they don't offer a similar election offer where available, for *all* other companies too, i.e. their restriction is not limited to this LSR offer.
786sunshine
22/3/2019
10:23
As a holder of shares in THAL and LSR, I think the best outcome for both companies would be a cash distribution of, say, 31p per LSR. THAL's intervention is surely not in the interest of THAL's shareholders, Mr Soukup excepted, and has wasted lots of money for both companies. The only advantage for THAL shareholders in the bid succeeding would be the cancellation of THAL's preference shares which should never have been issued.
varies
22/3/2019
08:52
kooba, the problem with trying to build up the NAV from it's constituents is that we don't know working capital. As at 30.9.18 NAV was £27.7m. All the losses on property sales, save the last £4m, have been recognised in that, as have liquidation costs. The only losses still to come out of NAV are 1. any losses on the remaining £4m of property. They were heavily written down though so hopefully not much. 2. Costs associated with the bid by THAL - £0.5m 3. Running costs of LSR. Last year these were £932k inc £496k of investment mgr fees. Hopefully the latter are variable (they did nearly half in the year) so should be relatively low now. Off that comes surplus rent but that won't be huge, maybe a couple of hundred k. So maybe £300k a year, net. Add that all up I don't see why NAV should be less than £27m - 32.7p. I think 31.5p would be a bit disappointing.
stemis
22/3/2019
07:39
Agreed Stemis. I don’t think there’s been enough churn in the shareholder base for LSR for the result to be much different from last time. I’ll be shocked if Thalassa get to 40% and even a little surprised if they make 30%. If, say, less than 45% then it’s all over, as there will be no material new information in the forthcoming weeks - time will tell!
frazboy
21/3/2019
18:02
It will certainly be interesting to see the level of acceptances next Wednesday.
stemis
21/3/2019
18:00
Frazboy, perhaps Thal will ask thier shareholders if they wish to throw in the towel in or fight it ?
hindsight
21/3/2019
17:34
Yes. I don't see Thalassa succeeding (others may disagree). So this little stunt will probably have cost, all in, north of £1m. What will be interesting, is, whether Thalassa throw in the towel at the 5th April meeting, thus avoiding court action, or continue to fight it, incurring further costs.
frazboy
21/3/2019
16:50
So Thal have cost thier shareholders, like Varies, ~ £125k in LSR. And going by the 8 letters I had here from Thal with offer details, it will be a large cost on top of this directly for Thal shareholders.
hindsight
21/3/2019
16:32
At least THAL seem to have forced a bit of financial information from LSR https://uk.advfn.com/stock-market/london/local-shop-LSR/share-news/Local-Shopping-REIT-The-PLC-Thalassa-Statement-S/79524311 The costs incurred by the Company in connection with the Thalassa Offer are estimated at between GBP435,000 and GBP520,000 Suggestion seems to be that cost of court application are accommodated in liquidations costs already provided. So that's about 0.6p a share off 33.6p = 33p all other things being equal.
stemis
20/3/2019
14:29
Varies, thank you for your views as an exsisting Thal shareholder frazboy, thank you for those facts
hindsight
20/3/2019
10:18
you quote the IC and ST! enough said.
deepvalue2015
19/3/2019
20:29
Hindsight In answer to your post no. 3269 I assure you that I did not regard THAL's issue of preference shares as being of benefit to me as a small shareholder. I saw it as a gratuitous measure to increase Mr Soukup's control and still do.
varies
19/3/2019
20:28
deepvalue, your excerpt from today's Thalassa annoucement: "THALASSA'S PERFORMANCE SINCE INCEPTION - UP 305% LSR'S PERFORMANCE SINCE INCEPTION - DOWN 79%" Now, in the interests of "Selective Disclosure" what the announcement doesn't say is this (the quote is from the IC, ST): "In terms of the offer being table, it's disingenous for Thalassa's board to talk about how it has trebled its own NAV per share....","That's because the company raised £5.4m in a placing of 4.5m shares at 120p in April 2013, and another placing at £7.24m shares with raised £18.2m at 250p, in November 2013 to boost the issued shared capital to 25m shares..." The article continues, but I'm sure you get the gist. Next time you pick me up on a Chairman of a £14m market cap company pocketing a total of $1.7m in fees in 2 financial years (2017 & 2018), I'll be sure not to bother responding. I don't care for the LSR board either, I was just after, what i believe to be the correct outcome, for the vast majority of LSR shareholders. Best of luck with your investments.
frazboy
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
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