devonplay
23 May 2019
Takeover bid.!.! Estates Gazette.com The passing of a legend: Industry tributes for Raymond Mould - Estates... Estates Gazette Take a look at the article below… Subscribe to Estates Gazette to read articles like this every week.Take advantage of our special introductory offer. Subscribe today and receive your first 4 issues for just £1 The passing of a... This give a little detail about the originis of the business and PV, Raymond Mould died a few years ago. DL
devonplay
23 May 2019
Takeover bid.!.! Congratulations. I’ve been in LMP for some years. Solid business with a well regarded management team. Originally I was an investor in London and Stamford. The original founders of the business made a pile breaking up the old BAE estate (that’s what I remember any how). They megered with another property buisness a few years ago, Metric, and have been migtrating the business from London residential to logistics ever siince. Patrick Vaughan is the Chairman. Him and Moulton are property veterans and were originally behind Pillar Property. Which I remember holding sometime back in the distant past.
TX2
23 May 2019
Takeover bid.!.! The bid suprises me,it represents an uplift of over 50% on the price I paid for the shares approx 3 years ago and I have had fairly high divis from the company since in addition.I must admit I don’t know a great deal about Londonmetric. Mucklow has a very good record,I have held it previously to my present holding, but I was not aware of its hidden attractions…always considered reliable but boring.
devonplay
23 May 2019
Takeover bid.!.! i’ve always wanted to won Mucklow, but never found the price I wanted. Weclome onboard. LMP is well run business. DL
shareordie
23 May 2019
Takeover bid.!.! This has supprised me this morning, didn’t know AJ Mucklow was up for sale! Anyway it looks like it is now! Crickey, London metric cash and shares offer, looks like £6.55 a share in total.
devonplay
04 Sep 2018
Results Thanks for this guys! I’d missed the update and I’m a big fan of Mucklow. DL
TX2
04 Sep 2018
Results Yes I am surprised by this increase;investment money still seems to be pouring into property esp well located warehouse units.I am happy to continue holding here.
shareordie
04 Sep 2018
Results Massive jump in NAV! And the shares now trade at a discount to NAV. That is rare for this well run firm
shareordie
13 Feb 2018
Re: Deja Vu! Also NAV is up considerably,some good uplift in property values,the small amount of debt they have is smaller.Looking good, like you say a very good steady performer.
faddy10
13 Feb 2018
Deja Vu! At first glance, another steady performance, divi up and no major worry-beads, still a good solid hold for me.F.
sharegardener
07 Sep 2017
Re: Results ! Agree REITs are an efficient vehicle for investment as the PID divi is tax free in ISA wrapper.Also ''No current tax charge has been recognised in the year, as the majority of the Group’s income is exempt from corporation tax due to our REIT status.''Divi now coming quarterly.I havent gone through the prelims in detail yet but:The portfolio value is up and they made £1.9M on the Henley office sale.Still waiting for Brum council to build the link road to the Tyseley site! Once that comes on stream revenues will improve as there appears to be good demand for commercial/light industrial accomodation around the midlands.£20M Lloyds loan repaid early (with 1.2M penalty charge) but new loan from Scottish Widows at 3.5% vs 5.2%. That still sounds a bit steep for what is in effect a buy to let mortgage. From 2016 AR''The families of Albert J Mucklow (Honorary President, previous Chairman and father of the Chairman) and Margaret A Hickman (aunt of the Chairman) (the “Concert Party”
collectively have an interest in 12,418,398 (2015: 12,426,128) Ordinary shares, representing 19.62% (2015: 19.63%) of the issued Ordinary Share Capital.''Nice pension income! - and a strong incentive for sensible and diligent long term management.Gervais Williams of Diverse Income Trust still holds over 1M shares.I am continuing to hold but there havent been any tempting recent dips to buy more.This years AR is out 1st OctoberSG
shareordie
07 Sep 2017
Re: Results ! " Long Term PerformanceShareholders may be interested to know that £1,000 invested in A&J Mucklow Group at flotation in 1962 would have been worth £3.3m* at 30 June 2017, assuming all the dividends had been reinvested, which would show a Total Shareholder Return (TSR) of around 15.8% per annum for the last 55 years.A&J Mucklow Group also has the distinguished record of having never cut its dividend in 55 years as a listed company. The dividend has increased 50 times and been maintained on only 5 occasions."And LTV is 20% that really is low.
shareordie
07 Sep 2017
Results ! Don't look bad at all,steady progress.Notic vacancy rate was up but seems to be because of refurbishment so this should bring in so rental uplift.As usual very little debt,Nav up,profit up ,dividend up and the promise of refurbishment rental uplift all sounds good to me.
shareordie
13 Sep 2016
Re: Results Big jump today,no new news,although jaguar land rover were on the news yesterday with planned expansion.
shareordie
06 Sep 2016
Re: Results Very good results,Mklw has commanded a premium because it is a very well run operation with very low borrowing and a big yield.The referendum result gave me a chance to top up on the cheap at £4 a share which is doing very well now.Quarterly dividend from now on.Increasing dividend,increased rents/profits.Very happy holder.
