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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 01:00:00
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 3351 to 3373 of 3500 messages
Chat Pages: 140  139  138  137  136  135  134  133  132  131  130  129  Older
DateSubjectAuthorDiscuss
06/4/2019
11:23
Ah misread % of those voted...read quickly on hand held.No need for rubbishing language though hey..keep it civilised.Obviously there are 18.9% (excluding THAL) who have accepted the offer and are presumably not voting on the resolution ..(though you could do both) , I didn't bother but i prefer the THAL deal...but obviously accept if the majority want liquidation..just when do I get my money and how much are just slightly important questions...any answers??So even though the ex THAL 99% figure appears resounding ..almost 40% of shareholders including THAL ( and yes they do get a say!) are accepting the offer...and that figure could be higher now.Could accurately say that only 44.8% of total shareholders voted for resolution against 40% accepting offer...doesn't look so resounding then does it.
kooba
05/4/2019
20:36
99.63% Think that was the previous vote they are referring to..no?As this time 36% voted against resolution it seems and THAL only have just over 25%...Still a big majority voting for lower exit , anyone know when we get ALL the money out on this scheme IF it gets court approval AND does not go to appeal?Just LSR aren't known for speedy delivery
kooba
05/4/2019
19:35
Much bigger majority than I expected. Hopefully the size of the majority is relevant for court decision.
scburbs
05/4/2019
16:48
Lot higher turnout than agm too, guess lot like me missed agm cutoff but made this one on time
hindsight
05/4/2019
16:37
99.63%, Thalassa excepted. Pretty conclusive to my mind.
frazboy
05/4/2019
13:31
but thus far LSR shareholders seem to be paying for it. Agree frazboy, but think Thal shareholders are paying a even bigger price going by the Thal mail heap on my desk
hindsight
04/4/2019
19:31
"Exbroker, presumably you took advantage of all the concerns that you cite in buying the LSR shares at a substantial discount to the expected payout in order to make a turn. You must have been fully aware of the risks when you boug"It's an interesting point gfrae. When DS announced he was going to do very well out of LSR shareholders, sorry, his LSR shareholding, the market price did not shift - possibly because the market had already priced that in? Regardless, what I find objectionable, is the fact that no value is being added by the actions of Thalassa, only advisors/QCs nomads etc are being enriched, but thus far LSR shareholders seem to be paying for it.
frazboy
04/4/2019
19:18
For me it’s about the numbers. Sale price - purchase price, better jam today than jam tomorrow.
exbroker
04/4/2019
17:12
I have spoken to DS in the past but not for some time and not always on a positive note and I have found him open and engaging ..do read the chairman's statements!He is unable to talk to shareholders LSR or THAL I understand during the takeover offer I have been told , otherwise I would advise people to give him a call to discuss their reservations. When I have previously raised points I have received answers that have stacked up.Probably why I am less concerned than others I guess.
kooba
04/4/2019
16:49
Placing certainly more accurate! :)Maybe look at it from THAL point of view.So you pay cash and use treasury and some new paper to buy LSR cash at a small premium but overall your nav if it all goes through is still at a premium to 100p ..then you can carry on buying from those that do not want to hold at 80p..they have paid higher prices.Note though that THAL have indicated they want to keep the listing I believe...so you could stay a minority holder.Every time they buy stock back they are enhancing their asset value hence the long term buyback plans.There is every reason why they will keep on buying in the market as they have said because it is value accretive.I do not believe this financial engineering to maximise THAL value from its holding and in the process providing a better exit (in my view) than LSR can muster is the extent of THAL ambitions and I believe they intend further value accretive moves through acquisition and using the vehicles they would have available,You may think DS a sharp operator but I never use that as a criticism on backing managements....clever is good especially if they are aligned.
kooba
04/4/2019
16:37
I'd expect the meeting to pass the resolution tomorrow. What have shareholders got to lose? It doesn't mean they won't (or even will) accept THAL's offer though. I've accepted THAL's offer but I'd have also voted for the resolution if Selftrade weren't so inefficient at these sort of things...
stemis
04/4/2019
16:21
kooba Maybe it would be better viewed as an exchange, I give DS my shares in LSR with cash on the balance sheet of about 31p and he gives me half back in cash and some magic beans. He then says he will buy the beans back from me but won’t tell me when or for how much and won’t give me more cash as part of the offer. If you wish you could call it a placing of shares with us lucky enough to have LSR stock. Given the low level of acceptances at the first close I suspect that holders have a similar view to mine. It will be interesting to see what the result of the meeting is tomorrow.
exbroker
04/4/2019
16:15
Exbroker,that is the punt,all we know is that he will spend £6m.
gfrae
04/4/2019
16:12
But being an ex broker surely you want to demonstrate correct use of terminology ..clearly not a rights issue.
kooba
04/4/2019
16:10
Not sure they are issuing new shares as mentioned.
kooba
04/4/2019
16:03
kooba No! The result is the same.More THAL shares in issue and more cash in its bank account.
exbroker
04/4/2019
16:01
I was indeed aware of the risks; my judgement was that they were mispriced by the market. As others on here have expressed the main beneficiaries of this tussle seem to have been the various advisors. gfrae what price will DS deem necessary when he has control of LSR and its cash, that the bit I don’t like?
exbroker
04/4/2019
15:57
a rights issue ?an issue of shares offered at a special price by a company to its existing shareholders in proportion to their holding of old shares.Do you want to use a different expression because that is substantially incorrect isn't it.
kooba
04/4/2019
15:45
Exbroker, presumably you took advantage of all the concerns that you cite in buying the LSR shares at a substantial discount to the expected payout in order to make a turn. You must have been fully aware of the risks when you bought. Of course, Thalassa are not going to guarantee a buy back price, it would be bad for existing Thalassa shareholders to pay more than necessary.
gfrae
04/4/2019
15:41
This is a rights issue from THAL, issue paper and get cash, just a slightly longer route.
exbroker
04/4/2019
14:54
I've not seen share buybacks set a price is that normal practise?Think the use of paper in the offer is to do with the share buyback if you look..treasury sharesNot sure THAL are issuing much new paper so limits dilution but reissuing shares they have purchased in the market at average 70p over last few years ...presumably one of the things that makes it work for them I guess.Dyor
kooba
04/4/2019
14:44
There is no stated price, it could continue at 30p if DS decides, also it could be "suspended" at any time. If the intention is to have this cash available for LSR holders WHY is it not part of the mix and match, that the part that worries me. This combined with all the other points I have repeatedly mentioned above has all my alarm bells ringing, I want CASH for my LSR not paper that I find hard to value. I am a recent holder of LSR having bought in for the return of cash, the more I see of THAL and read about buy backs, 10 votes per Pref and Senior QC`S opinion the more I am reminded of the way a man who fell off his yacht operated, it don’t feel right!!
exbroker
04/4/2019
13:59
That's how I had interpreted , exbroker can you clarify your comment..is there a get out clause I am missing?'The buyback can be discontinued at any time there is no guarantee that it will be there after the deal completes if it indeed ever does.'
kooba
Chat Pages: 140  139  138  137  136  135  134  133  132  131  130  129  Older
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