PIE-EATER
31 Aug 2016
News Must be due some as SP up about 10% over the last week.Possible clarification on contracts exchange (if memory serves 12th +5 days?) or return of cash?Unless of course there is other news?PE
thirty fifty twenty
26 Aug 2016
LXB analysis of disposal having a further £30m in CASH is good news and supports a 20p distribution within 2 months.the board are incentivised to sell assets and return cash early.they are also incentivised to sell those closest t NAV first...this reduces the total capital an thus their bonus calculation,so any increase in the remaining assets is a higher percentage return.I have no problem with that strategy.....what is great is that the board are incentivised in my interests,and make very clear communication with shareholders....i appreciate that even more so the remaining assets are less certain by way of value,so this might warrant a larger discount,but i see downside as limited with a decent 10% upside from here,and an added bonus that 30% of funds will be returned within c.2 mths / 10 weeks.all IMHO, DYOR + BoLLXB is in my top5 hldgs
coldascheese
26 Aug 2016
RNS-Property sale Looks good to me. Property is still selling well.
coldascheese
05 Aug 2016
Get interested ! Source: The AICThe valuations on property investment trusts, the price discount and yield look eye-wateringly attractive.When the prophets of doom foresee a certain disaster, it is time to get interested.This applies to LXB too.
Speculator 73
19 Jul 2016
Re: More insider Buy Hm. I have a feeling these buy are just the directors reinvesting their gains .. Although if so why? Man ..... I do hope there is more to the tree than just leaves and fruit ....I am sure I will add soon .. just waiting for some juicy divi'sRegards
coldascheese
15 Jul 2016
Re: More insider Buy Again even more buys by Directors they are really piling in-must be a large gain to be made here perhaps an update soon on progress of property sales will throw some light on what this might be.
Speculator 73
14 Jul 2016
More insider Buy And then we have more buy's from an insiderDirectors buying like crazyBelieve something on horizon - although after enough (in my opinion) reseach I fail to conclude what that "something" is .... However I do bear in mind the political situation and/or BOE statements ...I am sure I will add more on this - soon ... Regards
PIE-EATER
13 Jul 2016
simon thompson re-iterates buy in IC today.......expects potential 25% uplift in 9 months
PIE-EATER
11 Jul 2016
Re: analysis of 64p NAV at 52p If Tim Walton is going to spend £600k on shares at c53p when the market for property funds is in confusion, you can bet your bottom dollar he sees a BIG potential profit. Given Jo Duffied spent £300k on the 27th as well, me thinks there is more value than the current share price indicates.PE
coldascheese
11 Jul 2016
Re: analysis of 64p NAV at 52p What you have not factored in is that although the market value was 64p this did not take into consideration that this value was not an estimated final value of asets when completed. Last year they did give an estimated final value before the recent payouts of between 120 and 140 p which indicates that what is left at the moment would be valued at 82p plus.Before Brexit directors and others were piling in at up to 65p so that sort of increase in value was surely there.We don't know how the asset value has been affected against market value at the moment but the recent director buy of £600, 000 (alot of cash) on Friday indicates to me that the asset value is still considerably higher than the share price. Once the market settles down I think that the drop on commercial property shares generally will be seen to have been much too severe and will rebound and so will LXB.
thirty fifty twenty
07 Jul 2016
analysis of 64p NAV at 52p Yesterday LXB updated the market at 11am to say that transactions that were going to add 4p to NAV (as announced on 1 June) would now not go ahead......the price fell 10p to 45p. though it had been 62p a few days ok. so in total an almost 30% fall!So in a broader context this is a good indicator of the market.....an institution has obviously said, post Brexit, no more out of town retail.talks off and LXB is oblidged to inform the market.Now it is obviously not good news..... but also I think needs to be seen in context.some leakage of the deal probably means that it now explains the fall in LXB share price from 64p last week.LXB had NAV of 64p. this deal many for c.£20m was going to add £4m profit.IF these properties can still be sold at a 20% discount (to me that seems firesale) - it means that NAV would be converted into CASH at no discount to the previous stated NAV of 64p. of course it means that some of the other deals may now be more difficult to sell,but a large proportion of LXB properties are forward funded,so even taking 50% of value now worth 20% less that only reduces NAV to 58p.Of course I have no idea.... but LXB has built good developments and it knows its market,it is committed to selling up by Mar 16 (9 months away).so a price of 44p when realisable with 9 mths is c.58p (30%) gain is attractive and shows that the market is potentially mispricing - this and other property related assets.but the market is so nervous of property etc... that the price went into free fall.it is now sitting at 52p (so that is 14% upside in 9 mths) - that is probably about right in this market, with a decent chance of upside..... and I reckon a very good chance that directors will buy more shares themselves.remember the directors are able to react to market conditions, but they have not yet had time,so we had heard all the bad news without any balance as to upside.....also LXB did not announce any other bad news....so by implication other deals are progressing satisfactorilyLXB is a portfolio of good developments - this RNS means that maybe some will need to be sold at less than previous book value but there will still be some sold at and above book value. The Greenwich site in particular bgt for £38m with a 7% yield and development potential... Greenwich is still a growing place to live and part of a huge London development borough.I see it as a decent investment at these levels,and also indicative of market nervousness and thus potential bounce for property related stuffAll IMHO, DYOR + BoLLXB is in my portfolio
coldascheese
05 Jul 2016
Shares to exceed 64.18 by a margin Directors recent commentI should also comment on ultimate value. It is impossible to provide a forecast of what the end NAV in the portfolio will be as it is dependent on the outcome of a number of incomplete projects, some of which are subject to some material uncertainties which are still to be resolved, and now within a much reduced timescale. Notwithstanding those challenges, we remain confident that the end value for Shareholders will exceed the 64.18p per share referred to above by a comfortable margin.Could be a great buying opprtunity
Speculator 73
23 Jun 2016
Re: Director Buy? Ok is there something in the horizon that I am missing?A number of director/insider buys on this - is it because they are expecting the vote to remain in the EU to be a success and believe the price to shoot up by any chance?Anyone any news or opinions?
PIE-EATER
13 Jun 2016
Tim Waltons 4 million share buy You DON'T splash £2.6m on 4 million shares in your own company which is realising all its assets in an orderly manner unless you know the intrinsic value is far greater than the purchase price.PE
Speculator 73
03 Jun 2016
Director Buy? [link] is spewing ..... I have a good feeling about this ... unless I have missed somethingWill wait and see ...
