Local Shopping REIT (The) Live Discussion

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tiltonboy 12 Feb 2018

Re: Update. I'm looking at nearer 35-36p as a terminal NAV, which still represents an attractive return from here, if delivered this year.Slightly disappointed with the prices achieved for the larger assets, but pleased that real progress is being made. What has been pleasing is that the smaller stuff going through the auctions has generally performed well.I'm looking forward to seeing what is in the March auctions.

TX2 12 Feb 2018

Update. We are now seeing a better indication of the likely outcome of the sales proceeds for shareholders following the update.I feel a capital return in the 38p to 40p range is probable;it is difficult to see how return could be less than present share price.Provided you are prepared to hold shares until liquidation/cash return I feel they represent a reasonable value proposition.With very little net debt outstanding which is likely to reduce further over the next few months one wonders if a partial return of capital may happen this year.

TX2 13 Dec 2017

Hard Work! If you own the shares it may be worth while holding on for the next couple of years in the hope that more than the present share price of 32p will be realised;but it looks as if there is no certainty that the 41p asset value will be realised after expenses which gives little incentive to buy for potential new investors .Sale prices of larger properties may give a better idea in a few months.

tiltonboy 31 Mar 2017

Re: chart break >29p tft,I've been taking out the sellers this week. Up to 6.5% now. I've posted a lot on the other site.

thirty fifty twenty 31 Mar 2017

chart break >29p LSR have been very steady for months now and >29p is a significant chart break.recent news from Real Estate, GLE and H Boot all confirm rising interest and property values in the regions which augurs well for disposals and an increase in the 40p NAV.With liquidation the plan, the share will not bring huge results but I'm hoping for 35p in 2017 and there seems very little downside risk, esp. now the chart break confirmed.All IMHO, DYOR + BoLLSR is in my portfolio.

forwardloop 24 Sep 2015

half year report March 15 Is there value here?Highlights❱ Recurring profit* for the period of £0.44m or 0.53pence per share (“pps” (H1 2014: £0.92m or1.13pps).❱ Profit for the financial period of £0.11m or 0.13pps(H1 2014: £1.75m or 2.15pps).❱ Portfolio valued at 31 March 2015 at £84.9m,reflecting an equivalent yield (excluding the residentialelement) of 9.28% (30 September 2014: £87.6m, withan equivalent yield of 9.25%).❱ Net Asset Value (NAV): £34.9m or 42pps(30 September 2014: £34.8m or 42 pps).❱ Adjusted NAV: £38.4m or 47 pps, excluding liabilitiesarising from derivative financial instruments(30 September 2014: £38.8m, 47 pps).❱ Cash holdings of £18.6m.❱ Total net debt of £45.9m, reflecting an LTV (takingaccount of cash reserves) of 54.1%.❱ Restructuring of the HSBC debt facility shortly afterthe period, including the removal of ‘payment in kind’interest which would otherwise have accrued fromJanuary 2015 and debt repayment of £6.9m.*Recurring profit is explained in the Results section bel

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