coldascheese
21 Jan 2016
Re: at 95p not long now.... I think that investing in oil or banks at the moment is just a gamble -could go either way,however with LXB last accounts showed assets above price at 104p and all news since then indicates it should now be quite a bit higher, let alone what the final net assets may be.(I'm optimistically hoping nearer 140p by year end) I'd sooner be invested all here than anywhere else at the moment and in fact added another 10,000 today at 95.24p on a dip.
thirty fifty twenty
21 Jan 2016
at 95p not long now.... expecting news by end of next week.seems a very attractive risk reward at the moment,the anouncement might trigger a move to 105p or more,and hard to see much downside when they likely to talk about value of 130p by March 17.ironically market falls might make LXB less attractive....A mere 5% or 10% return in a month less appealing for anyone that feels a 20% bounce in miners,oils or bbanks due!!All IMHO, DYOR + BoLLXB is in my top5 hldgs
coldascheese
15 Jan 2016
Market down @sharesbuy backs goood. With the markets being well done it has given the company the opportunity to do all the share buybacks at a cheap price. They must be nearly finished by now.The asset value of LXB wont be influenced by the market so this should be good news for LXB and I would anticipate that they will give an update on asset values as soon as they have completed the share buy back. Should be good.
coldascheese
07 Jan 2016
This is the share for 2015 IC Simon Thompson ups target to 120p.This is the ideal share to have in volatile markets---with an update in final asset value due and the company liquidating to cash in 2016-2017 plus share buybacks. My own view is that the 120p is on the pessimistic side as their own possible asset value was 138p-we shall see.
thirty fifty twenty
07 Jan 2016
at 97p ST in ic tips again not unexpectedly ST has covered LXB in detail,and tips as a 'rock solid investment opportunity'.he raises his target to 120p and expects it within 6 mths,as he sees 3 mths CASH return of c.30p and a further 100p within 12mths,on top of the £18m share buy back programme. to date £8m spent on shares at 96p,and I think evident from volumes that LXB buying each day this week.My guess is that they will want to be buying each day before their update - which only leaves 16 trading days until the end of Jan.that would be 0.5m shares a day when typical volumes are 100k,and it'd be logical to assume a declining amount of sellers especially in the volatile market of 2016 so far.Hard to see any downside and the company probably a willing buyer up to 105pAll IMHO, DYOR + BoLLXB is in my top5 hldgs
thirty fifty twenty
05 Jan 2016
pp confirmation - another 3p on NAV LXB seem to be firing on all cylinders in recent weeks!I assume that because they made an RNS about this that it is material,they are currently buying back shares so anything material must be announced.I also assume that this means they see development potential in the site,which as stated before, they know the Greenwich area inside out,so they knew before they bought there was development potential,and now have gone through the pp hoops to have it confirmed.My estimate is say a >15% uplift on purchase,they possibly have a pre-arranged buyer too
so 15% of 38m = 5m upside = a further 3p on NAV.None of it earth shattering but on a 96p purchase price with CASH wind up within 15mths it all adds up given the minimal downside there seems to be......Lets see what ST says All IMHO, DYOR + BoLLXB is in my top5 hldgs
thirty fifty twenty
04 Jan 2016
Re: Fidelity ups stake - CLARIFICATION Hi coldas...I think what actually has happened,is that the LXB buyback and cancellation of shares,has had the impact of making Fidelity's unchanged holding go from 9.6% to 10.4%,which as it has crossed the 10% threshold they are obligated to announced,even though no shares were bought.LXB still an exciting prospect to me given valuation details likely within 2 weeks.All IMHO, DYOR + BoLLXB is in my top5 hldgs
coldascheese
04 Jan 2016
Fidelity ups stake See RNS today
thirty fifty twenty
30 Dec 2015
LXB at 96.5p - share buy back Great RBS that buys c.10% of the shares back at 96.5p...although the other side of this is a seller it does not cause me any worry.I can see that there might be an institutional seller at this price to convert to CASH before their year end of 31 December.We know that...- LXB NAV is 103p- mgt expect further growth in NAV thus logic says 115p+- mgt expect all assets wound up within 15 mths- substantial CASH return within 3 mths- valuation update early in 2016 (previous guidance was c.125p (adj for 45p CASH divi)so buying back 10% of shares at a 20% discount to NAV adds 2% (c.2p) to NAVof course none of this is spectacular but it is an extra 2% on top of a minimal risk downside situation, with large % CASH return to come within weeks, and a valuation clarity within a fortnight. So the impact on the risk/reward ratio is significant.Likely that ST in the ic will cover soon as well.All IMHO, DYOR + BoLLXB is in my top5 hldgs
thirty fifty twenty
21 Dec 2015
Re: LXB at 95p - ic article yes, agreed that ST will probably have a more positive stance,and I should have mentioned that in my post,didn't want to be 'ramping' as such.still the ic journalists do talk and refer to each other,and was a little surprising that any analysis would not find the economics of LXB attractive given the certainty from directors to complete the previously announced deals, and sell the remaining assets within 15 mths.All IMHO, DYOR + BoLLXB is in my top5 hldgs
coldascheese
21 Dec 2015
Re: LXB at 95p - ic article The IC article is not written by Simon Thompson as he has his own analysis on LXB in his section of IC, I would sooner follow his advice on this as he is more fully informed. However LXB have said that they will provide full updates on their asset value in the new year and I think that this will be quite a bit higher than the share price is today. I wait for this.
thirty fifty twenty
21 Dec 2015
LXB at 95p - ic article it was surprising to see the ic downgrade their recommendation on LXB.NAV is 103p and LXB have announced further completed deals that adds 6-8p,PLUS there are somem assets that when handed over will be re-valued.LXB directors are very confident to be able to liquidate ALL assetsand return CASH within 15mths,so 95p, minimal transaction risk to get >110p+ of CASH within15mths,a chunk of which within 3 mths, and possibly up to 125p in total, seems like above average returns to me!All IMHO, DYOR + BoLLXB is in my top 5 hldgs
coldascheese
11 Dec 2015
Assets 104p in Sept-final assets 135p ? All excellent news-what a good share to hold in these difficult markets.Asset value september was 104p which will be a lot higher as they complete projects.Looking forward to asset value update in January which should show significant gain.
thirty fifty twenty
11 Dec 2015
Re: at 94p FINALS confirm wind up I think those are both good value.it seems a no-brainer for modest gains - asset backed,- in liquidation,- share buy back,- capital return,- BIG director purchases- clear communication about assets- simple business to understand.anyway time will tell.a lot more secure than LEAF even if potential upside a lot less All IMHO, DYOR + BoLLXB is in my top5 hldgs
tiltonboy
11 Dec 2015
Re: at 94p FINALS confirm wind up I paid 94p first thing only to see it sold down to 91.25p, but then picked a few more up at 92.5p.The buy-back should support the price at these levels, and may push higher if they get a bit more aggressive.In these markets, I cant think of a better place to be.
