Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To construct a portfolio of UK real estate debt related investments, predominantly comprising of loans secured against commercial property, with the aim of providing shareholders with attractive, quarterly dividends and capital appreciation.
Find out MoreLondon 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.
I have LBOW in an isa with freetrade they say they haven't received the dividend ýet. Is the true for anyone else??
7.4p return of capital..
17 August exdivided
1st September payment
Today announcement that a US firm has increased its holding to 10% after buying 5% on the 13th January. They took their original stake in August 22.
Announcement on 16th suggested another 5p distribution shortly following the latest loan repayment.
Still looks like there is money on the table here.
ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)
Return of Capital and NAV
As announced on the 20th December 2021 the Company has received repayment in full of the £16.2 million GMG loan, following a sale of the underlying property. The repayment is accompanied by interest and exit fees of approximately £0.8 million in aggregate. The Board of Directors of the Company is consequently pleased to announce that it has resolved to return an amount of 14.00 pence per ordinary share to shareholders, being £16,982,389 in total based on the current number of ordinary shares in issue. This return of capital will be effected by way of an issue of redeemable B shares to existing shareholders pro rata to their shareholding on the record date set out below and the subsequent redemption of those B shares.
The estimated unaudited net asset value per ordinary share as at 31 October was 92.70 pence per ordinary share. Adjusting for the returns of capital since, including this 14.00 pence return, the NAV would be 72.20 pence per ordinary share.
Post the return of this capital, the Company will have returned an amount of 26.00 pence per ordinary share to shareholders, being £31,538,722 in total.
It is expected that the timetable for the return of capital will be as follows:
Ex-date 13-Jan-22
Record date for shareholders on the register to receive B shares 14-Jan-22
121,302,779 B shares issued pro-rata to shareholders on the register as at the record date 17-Jan-22
121,302,779 B shares redeemed at 14.00 pence per share and cancelled 21-Jan-22
Cheques in relation to the redemption payment sent to shareholders that hold their shares in certificated form 28-Jan-22
Redemption payment made through CREST to shareholders who hold their shares in uncertificated form 28-Jan-22
Thanks @devonplay. I'll give it another day or two and get in touch.
Yes all received.
Did anyone actually receive their return of capital, due Xmas Eve. I think mine paid for my brokers party.
I hope you realise, but It is actually your own money they are giving you back @stalin. A bit like putting £5000 in a building society and they send you £1000 back and say "we can't be bothered investing this".
There will come a point when they delist the shares to avoid paying listing fees, ie, when they have given you half your investment back, and that's when the problems start, especially if, like me, you hold them in an ISA.
6.5p in addition to 1.5p interim dividend.
Nice....I liked this bit: "As a result of the repayments, the Company expects to make a second capital distribution to shareholders and a further announcement will be made in due course. "
16:15 moneygenxyz: Derek Wise is “Super excited for the year ahead” #nobiggie COO of Pracedo states “ Fantastic James! You should be so proud! I am so proud of you. Well done ????” Get them buy orders in ladies and gentlemen. #NowtToBeProudAbout.
Imminent, Lanos loan repayment proceeds effectively directed towards juicy Quattro deal, judicious placing at 102p to finance new loan strategy, which, in my dreams, will be MASSIVELY oversubscribed (comedy ramp).....all good for us Billy no mates....well I never, tumbleweed.
dividend maintained AND a special dividend, rns reads well with profits up and more flexible loan strategy. Promising stuff indeed. GL all.
results, divi announcement - going to be a busy week here. In again 6 months back, life in the fast lane...
out today, thanks Lbow for generous divis as well.
22.4 million to Commercial Regional Space, so no time wasted there then.
not working out with Mansion Group, so loan of 18m returned to LBOW. Perfect SECURE loan demonstration there; redeployment of cash imminent, generous divi announcement maybe next month. All good, although that's IMVHO. Luck to holders, spectators etc.
up from £1.5m to £7.5m , prospects good, steady dividend. Bit boring, but can live with that... GL anyone out there.
up on some meaty buys. LBOW part of the blue chip Intermediate Capital stable, so nice and safe with a lively divi now and then...al good here IMVVVHO. GL holders, spectators.
no,sold when they was high a few weeks back,best one ive had this year after wres and xtr..... that's the only ones tho of any significance......
morning,hese probably set fire to it or put it in the fire..... hawk/caz and ore didn't do much then,what a surprise...... just cut the grass,blimey dus it grow....?......
Has he finished with that victorian table yet though...?
found a share for you......