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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% 31.50 31.00 32.00 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 -1.9 -2.3 - 26

The Local Shopping Reit Share Discussion Threads

Showing 3301 to 3324 of 3500 messages
Chat Pages: 140  139  138  137  136  135  134  133  132  131  130  129  Older
DateSubjectAuthorDiscuss
03/4/2019
11:48
The big problem for Soukup here is that he's already put so much money into this, he will feel that he can't abandon the attempt now. Unfortunately, that does mean that both LSR and THAL shareholders will suffer as good money gets incinerated on all the costs and fees of the attempted takeover. Sums of half a million here, and half a million there is a material amount for for both companies (THAL market cap £14M, LSR market cap £23M). Quite frankly, the whole thing has left me with a very dim view of Soukup.
tabhair
03/4/2019
10:25
Why given that THAL are prepared to spend £6m manipulation, I mean helping their share price do they not add this to the cash element of the offer. I think Exbroker, because without the sharebuyback, Thal shares would be trading at 60p odd, where they were heading when the buyback was suspended which would reduce the offer value. And the share buy back can be cancelled/suspended at any time it suits them, so £6m is far from certain to be spent, where as if added to the cash element of the offer it would, in the unlikely event of it succeeding Another six letters from Thal arrived here this am, wonder what this has cost Thal shareholders
hindsight
02/4/2019
16:27
Well perhaps if LSR board had had the sense to discuss returning funds with their largest shareholder then we wouldn't be here?
kooba
02/4/2019
16:26
Its a rights issue for THAL, or itscash that equates to more than the current share price. Why given that THAL are prepared to spend £6m manipulation, I mean helping their share price do they not add this to the cash element of the offer. Standard listing, dodgy pref shares and BVI registration!! Captain Bob would be proud!!
exbroker
02/4/2019
14:44
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.
hindsight
02/4/2019
14:24
I note they say you can vote for the resolution and accept the bid I suppose one drops off if the other goes through.Danger of this going to court with stalemate and increased cost nor great , but I do note that the board could have some personal liability if it proves that they cannot get their liquidation order through according to THAL which might focus their attention away from spending shareholder money.Does look like the only way of securing anything in the short term is accepting THAL offer, any views?
kooba
02/4/2019
14:17
Difficult one. THAL scare tactics, and the uncertainty over who would win the court case, might even see them get over the line.
tiltonboy
02/4/2019
13:38
So, if the bid fails, for which there may a reasonable chance, and LSR's plans to wind up the company also fail (which at the moment looks 50/50)?
stemis
02/4/2019
11:40
Thanks scburbs
sleepy
02/4/2019
10:01
Open as in market transactions so all can participate.Uncertain is evidently true if you set about a course of action without the pre approval of a shareholder who has a legal ability to stymie the board.Shame no one is prepared to talk it seems.
kooba
02/4/2019
09:57
Had a call from a Thal representative enquiring if I plan to accept the offer. Rather disapointed he didnt ask after my reply why not, as surely thats the key point
hindsight
02/4/2019
09:53
They will update after the next closing date (10th).
scburbs
02/4/2019
09:47
How often do Thalassa have to update as to the level of acceptances?
sleepy
02/4/2019
09:23
“Open”? That seems unlikely. Prescriptive might be more likely. Does creation of the illusion they tried to support the business strategy help in any court action? Is a liquidation process when a company is nearly all cash really that uncertain!
scburbs
02/4/2019
08:50
I have seen general share buybacks like that used that are effectively open to shareholders that the board approves and since the board had another largish friendly shareholder then perhaps there was concern.However if THAL as largest shareholder approached LSR separately with a substantive open buy back proposal why did LSR not engage?
kooba
02/4/2019
08:43
AGM resolution 10, they wouldn’t even support them for up to 10%. https://www.investegate.co.uk/local-shopping-reit/rns/result-of-agm/201803011407174321G/
scburbs
02/4/2019
08:25
When did THAL vote against share buybacks? Thought they voted against plan for distribution and wind up?
kooba
02/4/2019
08:18
They voted against share buybacks! Therefore, the idea there were supportive doesn’t stand up. Perhaps they would have been supportive if they (as minority shareholder) had been able to dictate terms or perhaps not.
scburbs
02/4/2019
07:50
Interesting that Thalassa proposed share buyback..if this was done quite aggressively close to NaV it would have been a way of satisfying ALL shareholders.Those that wanted out would have got cash close to NAV leaving a clean cash shell for those that had more ambition for its use as a vehicle. This would have been a highly cost effective approach.The fact that LSR board would not engage with their largest shareholder who they must have realised could block their plans appears to be a very major factor in why we find ourselves where we are, and it has cost shareholders dearly.If there is no legal basis for their latest liquidation attempt then they are just throwing more value away.I have accepted max cash ? for all holdings and rather peed off that the LSR board who in my opinion have let personal feelings get in the way of delivering a reasonable outcome for all stakeholders..there's enough of that in Parliament already.
kooba
01/4/2019
10:50
I imagine all the FOR votes will revote on the 5th GM motion and others like me who missed the agm cut off date but have not missed the 5th cutoff.
hindsight
01/4/2019
10:27
THAL hold 21,021,277 shares so it's pretty much them voting against all the resolutions. It does show, I guess, how close they are to being able to disrupt normal business. They were only 5.2m shares short of being able to defeat every motion (and only 3.9m to prevent Vetch's re-election). 11.6m accepted their offer...
stemis
01/4/2019
10:07
Anyone like to comment on the AGM results?
sleepy
30/3/2019
18:14
In the meantime, NAV continues to reduce with the legal costs arising from all of this. Page 41 of the document implies that the costs of defending the offer are c£0.5m and c£0.5m on legal advice.
topvest
29/3/2019
08:50
I have just voted for the resolution at the meeting on 5 April. Cash has got to be better than some dubious quality illiquid paper in a company with at best questionable corporate governance and an a BVI registration. I agree and have sent my votes in which hopefully the nominees will action in time But think egos rule here and a new offer with a lot higher cash element will come from Thal
hindsight
Chat Pages: 140  139  138  137  136  135  134  133  132  131  130  129  Older
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