London & Associated Properties Share Price (LAS)

It's sad how this company operates and the sp moves.

B/O spread of 7 - 10p yesterday replaced by spread of 9 - 11p today causes the price here to show a supposed 17.65% increase ! ... and when I put a dummy sell into HL I get offered a price of 10.1p

Hopefully at some point some of the intrinsic value will accure to us "little people"

**There is enormous value to be unlocked with some pretty simple re-organisation and increased share liquidity.**

There is indeed, but with no especial benefit for the Hellers, who seem quite happy to continue creaming their own profits and director emoluments at the expense of all the other shareholders.

It is true that just over half of LAS is held by Hellers, but at this price, it wouldn't be hard to be by far the biggest shareholder. Nobody but John derives any meaningful benefit from the company as it stands, so why wouldn't others sell?

I really don't think they are a bad lot, but I do think they are currently trapped by history, and have ended up with two of the most bizarrely structured companies on the market. There is enormous value to be unlocked with some pretty simple re-organisation and increased share liquidity.

I thought the downside of these two companies ( in spite of some fantastic fundamentals) is that from a takeover point of view they pretty much have it sewn up in terms of % voting?

For £4m, you could now take control of LAS, and simultaneously take effective control of Bisichi and its £13m of share investments and £7m cash.

If the Heller boys aren't careful, they'll lose control of the golden goose.