Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A fall of nearly 24% since the beginning of June seems very unfaire when I voted firmly for remain. However it may be a buying opportunity!
Does anyone know why this massive drop ? Cannot believe Brexit is solely to blame and unable to open today's trading. Only showing 24th.
Financial Performance Profit before tax up 8.7% to £391.3m (2015: £360.0m) Trading profit after interest up 65% to £43.9m (2015: £26.6m) EPRA net asset value per share up 31.3% to £9.23 (2015: £7.03) Adjusted underlying earnings per share up 55.8% to 26.8p (2015: 17.2p) Final dividend per share increased by 25% to 10.19p (2015: 8.15p) Total dividend per share up 25% to 15.05p (2015: 12.04p) Operating Performance Total net rental income up 28.4% to £74.1m (31 March 2015: £57.7m) Total rent roll up 12.7% to £78.2m (31 March 2015: £69.4m) Like-for-like rent roll up 15.4% to £48.8m (31 March 2015: £42.3m) Like-for-like rent per sq. ft. up 16.4% to £22.37 (31 March 2015: £19.22) Like-for-like occupancy 90.7% (31 March 2015: 91.8%) Property Valuation Underlying property valuation up 20.9% (£308m) to £1,779m (31 March 2015: £1,423m) Like-for-like capital value per sq. ft. up 20.1% to £359 (31 March 2015: £299) Like-for-like initial yield of 5.0% (31 March 2015: 5.3%) and equivalent yield of 6.4% (31 March 2015: 6.5%)
I found the latest sale and the latest progress report very comforting at: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WKP&share=workspace_grp
A major holder has sold out hence the fall. That's now all complete hence the steady rise again. This has also fallen with the market in general but should now rise steadily back to former highs. Just a case of adding and sitting tight.
Agree. I've no idea why this should have fallen so much when property has been one of the best sectors around for the last few months. I wonder if someone hasn't shorted this on some scale. I believe there are ways of finding that out but I don't know how. It might just be that people are taking profits too - I've had a very good run in those though I was hoping the brokers' prediction of £10+ would come good. More support yesterday though. Someone picked up half a million quid's worth at 730.
Goes on here, down 25% since the turn of the year but brokers have nothing to say about it. Till end of January they were calling this a buy and targeting £11.00 a pop. These people are a complete joke..
Good to see a rise, but dont think this has bottomed out yet. DD
There seems to be plenty of support at these levels and some sizeable buys going through. I therefore suspect the bottom has been his and a steady rise should ensue over coming weeks.
Agree Bazrington but I was stopped out today. No TA but this doesn't look like its bottomed out yet, will be in when it looks like it has. The market is too volatile at the moment. DD
Just added another couple grands worth of these. Its a total brainer at these lowly levels. Very oversold and will not take long to get back to a sensible market cap.
copout, According to short tracker there are no shorts on WKP (none greater than or equal to 0.5%). So don't suspect it's a squeeze. Just hope it continues. DD
Yes, some interesting big buys today. Could indicate either buyer in the wingshas been working the price down to grab a deal, - though that's unlikely given how long it's being going down - or more likely someone's been trying to short and is now covering back. IN which they deserve all the squeezing the market can provide! If this little downtrip is over perhaps we can get back to where we belong, en route to a tenner.
Copout agree. It's only taken about 5 weeks for this to go from its 52 week high (a week after its positive IMS), to its 52 week low yesterday.......then today!!. This has fallen a lot more than others in this sector, DLN, BLND, etc, a helluva lot more!. Wouldn't be too surprised, after today's sp action, that we get a holdings RNS next week - cynical maybe!. DD
Agree - this consistent decline when other property shares are doing very well is a complete mystery. OK so the divvi yields aren't that great, presumably that's a function of debt levels, but the capital value growth in a low interest environment should be more than enough to sustain WKP towards £10. The drift back to seven and a half is inexplicable.
Down over 20% since the new year, despite reasonable news on the 22nd. Anybody got any clue why!!!!!!!
I very much hope so. The drop from almost £10 seems not to be justified by anything which has happened to WKP. UK property is one of the best performing sectors at the moment so why the selloff is a mystery. Although I will admit this has done very well for me over the last three years so perhaps there's some profit-taking going on. But where else would you put the cash right now!
I think the announcement might get the price moving a little in the right direction..
If you held Workspace for the last year, and reinvested the dividends, you would have seen well over 30% growth in the year...WOW! I would be grateful if someone would check my maths, it must be too good to be true.
Expert blogger and former Barclays Stockbroker has added Workspace to his blog watchlist. See what he thinks here: http://www.lse.co.uk/blogs/expert/david-harbage-blog/azio2t/
The old bingo hall and carpark in Wandsworth has finally been purchased. I think this reflects intelligent planning by Jamie Hopkins and his team. It really is the perfect site. Jamie says, "This is a hugely exciting purchase for Workspace of a site we have been tracking for some time. It provides the opportunity to create a major employment hub in Wandsworth, complementing the schemes that we have already delivered at Kennington Park and The Biscuit Factory in Bermondsey."
is this the price rise for the meat pies??
I've been in since for a while. Love the company as secondary b1 and other comm space has so much upside, a portfolio you can really make upside from and not just basic yield. Eg the site in Raynes Park they've just got a mixed use resi and comm on now. Supposed the sp fluctuates as much as it does. Concerns about London resi market. But that shouldn't overly impact wkp.
Workspace Group has been a major part of my portfolion for some seven years now. The dividend has slowly grown and increased 13% last year. Most of my income has come from top slicing my holding. I keep it at £20,000 and so far this financial year I have sliced about £3000 into other buys, while keeping my holding at £20,000.
where does this go next? Building income, building NAV through props valuation, though that has to be taken with some care. This will become a big income play further down the line. Thoughts?