LSELondon South East
IIIInteractive Investor
DTMdiscussthemarket.com
LXB coldascheese
13 Nov 2015
Re: at 92p RNS news seems ALL good news! All good news and increasing asset value as well.My view of the future is that we are headed for a complete return of funds as property construction comes to fruition. The living villages concept can be done by any developer whereas commercial property is a specialists game. I think we are headed for a complete return of cash is due to the age of directors who are very near retirement age. They have been parking shares in their pensions, they own shares and are on a bonus for performance. All points to getting the most money from the company and shares by cashing in the fund.Would be best for all shareholders to.So I am looking for somewhere about 140 p + odd as they sell down the rest of the portfolio.This is my view but could be wrong.
AAS sansione
13 Nov 2015
Annual Report Just got my copy. Another very poor year in terms of performance of NAV both against the appropriate indices and more importantly against the company`s peer group. 15 out of 15 for one year and three years! The massive rise in the discount reflects the market`s loss of confidence in the management team ( as well as a dislike of Far East emerging markets to be fair ) They are having to buy in stock on an almost daily basis. Time for the largest board in the Investment Trust sector to be asking questions of the sclerotic management style and the fee level. £4.3 million management fee for sitting on your hands hoping things will get better seems a bit steep. Looks like the chairman is going for a world record in tenure. Independent??
PDL weblogic
13 Nov 2015
Re: Bullish Div Ah yes... the much vaunted rate hike...??How long has that one been used to rattle markets...??And what kind of hike are we expecting... I`d almost say lets have the full monty.....and bash the borrowers for a full 1%...That would give savers a much deserved lift in savings value....and encourage a long lost habit of saving....Meanwhile CHINAS growth has slowed to only circa 5%, I believe....And US jobs just keep on appearing...but mostly of the minimum wage, part time variety, I suspect... The rich get richer, while the poor go to the food banks, apparently.And the Eurozone lives in a vacuum of stagnation....with its broken model, and migrants swarming around, looking for refuge from the madmen who wreak havoc...Will Mr Obama save the planet from global warming or turning into a dust bowl, with waste mountains and pollution chocking us all , and our seas poisoned, as the ice caps melt, and sea levels rise...Hopefully the penny will drop, and sanity return... and our forests restored, and the animal habitats restored for our grand children to enjoy..A long period of pause to the global growth obsession would not go amiss, and we can stop playing to the market cowboys
RTN dubzy
13 Nov 2015
Re: fall in share price I'm really not looking forward to the day that results are slightly below market expectations !!
HTG II Editor
13 Nov 2015
NEW ARTICLE: The Oil Man: Hunting, Casa, Nighthawk " WTI $41.75 -$1.18, Brent $44.06 -$1.75, Diff $2.31 -57c, NG $2.26 n/cAnother bad day at the office for oil market bulls; the prices are now well back through the longer-term moving averages and looking vulnerable to more weakness. December Brent ..."[link]
TTR BeaglePup
13 Nov 2015
Why the 20% drop? nm
LXB thirty fifty twenty
13 Nov 2015
at 92p RNS news seems ALL good news! I wasn't expecting an RNS until December so this was a pleasant surprise.My expectation is that each news flow should have more new tenants etc..as the valuation growth is partly based on the expectation that occupancy increases towards 100% in all units. Still to be making progress on all fronts is excellent news.In a material sense it seems very positive at Banbury with a little boost to NAV,and more importantly at Rushden, steady progress as per the predicted timetable means NAV is secure, CASH payment is secure and return of c.40p also reasonably assured.Interestingly they didn't comment on the £38m purchase at Greenwich.not that anything has changed but its a big transaction and counter to stated liquidation policy..... so I am wondering now if they intend to hold onto.LV - it is great news that the PP was successful but also it changes the nature of the likely future direction of the business..I suspect they will make a final pay out and then keep some of the rental properties and CAH to fund ongoing development of the Living well concept which is all very exciting but long term and it is back to the business of many years of PP applications and development before returns visible - this is maybe a reason the shares are a little unloved compared to an 'obvious' NAV discount.In summary, I'm not looking at the share price now as 92p with (probably NAV of 120p-130p,but 52p with (probably) NAV of 80p-90p after a 40p payment.At that stage the assets left will be relative small scale,and aside from Rushden minimal upside.The market value will be c.£100m - a small property company which will take it of some people's radar, so it would not be surprising to see trading at a discount - 15%? so that gets to a current value of 80-90p less 15% discount + 40p CASH payout = 105p to 115pit seems pretty limited downside and high percentage of upside.the attractiveness of protected downside with limited upside is relatively increased in the falling market we seem to be having so all the time LXB's attractions increase,and I think there will be a further price uplift when ST updates in the IC.So if its so certain why can can one buy shares in the market....??Well why can one buy GKO at 93p when there is 98p to come within 3 months,Why can you buy PSPI at 40p when NAV is 56p and company is successfully winding up?Why can you buy LEAF at 36p when NAV is 60p and CRS state that expect CASH distribution 'signifcantly' in excess of current share price within c.3-6 months?Or you can buy WIND at 53p with a bid offer confirmed at 60p+ Of course there are risks with all of these situations,but to me the reward outweighs the risk and demonstrates the nervousness of the market,a portfolio of these opportunities would seem attractive in today's volatile markets.All IMHO, DYOR + BoLGKO, LEAF, LXB, PSPI, WIND is in my portfolio
GBO Bigmike2
13 Nov 2015
Re: fao mpt1 sorry mpg1
GBO Bigmike2
13 Nov 2015
fao mpt1 I think it was Andy some time ago put me onto "come into my trading room" by Alex Elder its a good read.
DX Techno Trousers
13 Nov 2015
Re: In at 36p 
This looks overdone to me, irrespective of any decline in the document exchange business.Increased by 50% at 28p
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