The Local Shopping Reit Share Discussion Threads

[alanji] 01/9/2014 10:48

Good point Sky and I have sold the rest of my holding.

[skyship] 30/8/2014 17:10

New solera very unlikely to be a bidder as otherwise surely they would have acted before someone came along and ate half their dinner!

So if they have to stop buying then the short-term support is withdrawn and the share price is likely to drift; and I'm sure a few of us will be lining up to buy back in should they drift back to an acceptable level again...

[alanji] 29/8/2014 16:46

New Solera up to 29.26% - not far to go!!!!!!

[skyship] 27/8/2014 17:36

gfrae - you may well be right - have to disagree with your last
passing comment however - LSR's small shop portfolio requires far
more active management than a pension fund would have either time
or expertise to dedicate...

[gfrae] 27/8/2014 17:09

Time is on LSR's side,gross revenues ie rents -interest = £4m
p.a. I've forgotten what the management charge is but I assume less
than £1m.
£1m = approx 1pps.
Therefore EPS of 3 pps. In addition according to latest update a
hardening market.
NAV at year end may be around 50pps.
After recent sale the bank pressure is off and we now know that we
can believe the figures.
I would say for the patient there is quite a lot to go for.
(It would also make an ideal property portfolio for a large pension
fund).

[skyship] 27/8/2014 16:22

Personally I feel to justify the current level you have to assume
the benefit of a near-term tender. Without that then they could
well drift back a little should New Solera hold off a while - as
they have done in the past.

Still, I admit I've misread the end game here as I sold at an
average of 37.5p!

Mind you - I also got things slightly awry at the start and was
caught out along with others when they kitchen-sinked the assets
and the share price slumped to that absurd 26p. Fortunately I did average
there - so all worked out well!

Perhaps better to see what Tilts & Alan have to say with the sp
now at 39.5p BID.

[nk104] 27/8/2014 16:06

Thanks SKYSHIP for putting me on to these. Mine were bought in at
31p and sadly I didn't have the guts to add when they were at
26p.

Question now is whether to keep holding, or cash in on the tasty
39.5p available.

If it's a question of, say 45p at the end of 2016, then that would
indicate a sale as things stand.

[badtime] 22/8/2014 15:44

:)Things r looking better after beating the mighty Leeds lol

[tiltonboy] 22/8/2014 15:32

lol..you've been a bit quiet...normally want to talk football...can't think why not!

60 LXB is enough for the time being.

[badtime] 22/8/2014 14:34

Tilts how come u aren't buying som more LXB :)

[skyship] 22/8/2014 14:21

Well done to all who held out longer than I did. I'm out totally at an average of 37p - a tad too early, but still well pleased.

Reinvested within the sector into RLE, Tiltonboy's heads-up for LXB & a top-up in DSC.

[garbetklb] 22/8/2014 12:40

To echo thanks to SKYSHIP - sold my final 50,000 at 39.03p.

An excellent result from what, at first glance, may have appeared an unlikely investment.

Garbetklb / InTheHighlands

[stupidboypike] 21/8/2014 16:49

looks like New Solara had your 100k tilton, they can have my small holding too for a little bit more. Thanks for this one SKY!

Best regards SBP

[topvest] 21/8/2014 16:10

I'm staying aboard as, given a rising market, there has to be a fair chance that the remaining portfolio / company will attract a bid given the now manageable gearing.

[tiltonboy] 21/8/2014 16:02

Taken nearly a year, but thanks to SKYSHIP for this one. The final 100k have gone at 39p to make it an outstanding result.

Might buy a few more MVI...

[strathroyal] 21/8/2014 12:25

Just checked share price and I could sell for 39.06. Think I'll give this another couple of weeks to see if a bidder emerges, otherwise I'll get out as I can't see more than a further 10% upside.

[gfrae] 19/8/2014 22:00

Story looks better than ever here,doesn't it?
Can't see why these should be trading under NAV,now all uncertainty over viability has been removed.......and even an upbeat statement;anyone remember one of those?

[alanji] 19/8/2014 15:48

430k on the bid at 38.5.

[tiltonboy] 15/8/2014 14:32

Happy to hold the balance after that statement, and look to buy back if they got to 33p.

[briggs1209] 14/8/2014 14:13

GLA. Out now at 37.5 and 38p. Would happily buy back in if we see 32/33p again but I suspect that it won't go down that far.

[tiltonboy] 14/8/2014 11:36

strathroyal,

They have actually bought a few more than that, but it does look as if there was another decent sized buyer around.

[badtime] 14/8/2014 10:41

Oi Sky....posted same minute :)

[strathroyal] 14/8/2014 10:25

NS have however only bought 100k yet the turnover over the last few days has been much higher so is someone else stake building?