Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Was that you then? Or do you think DS is reducing. Surely a TR1 should follow.
2 mill there...that's got the volumes up.
Well now bought in a few to enjoy the bunfight with Souky.Desperate measures to recoup something from his poor investment here
Maybe just a Pyrrhic victory though for shareholders!
Well little to aim for at this level. Motley collection in the next auctions with vacancies and short leases Will be interesting to see how this fares .Time will arrive shortly where the number of properties under management won't justify staying in business Maybe Soukop might come in and wrap the remainder up to try and get some return on their shareholding where their investment here looks very limp Looks like Grahame Whateley seems to have walked away with best deal a few years back
No news on October auctions is surprising given that outcome of previous auction round in July was communicated to investors in that month.
No further auctions til autumn as the drip feed continues Wish Thalassa would do everybody a favour and hoover up the rest at 35p Grahame Whateley was always going to be the one to leave with the biggest prize who would fight you over the last penny Maybe another £20m worth of kit to go thru auctions before they test the market in another portfolio sale Difficult to imagine that will be possible unless a significant 20% discount is offered Meanwhile the leases to good covenants are getting shorter
From Thalassa's Final Results, out today : " The 23.3% equity interest in LSR is a cash management position, nothing more nothing less. The Board of THAL has been and remains openly critical of the LSR board, specifically in regard of their unwillingness to bring costs in line with a diminishing level of assets. The LSR Board's stated goal is to maximise shareholder value; this clearly cannot be achieved if costs are not curtailed as assets are sold. To that end, your Board will continue to pursue a policy of urging the LSR board to reduce costs in line with reduced assets and revenues. " http://investing.thisismoney.co.uk/news/article/id/5530772
Furthjer success today at Actius with some very tasty prices A couple of Befreds in indifferent locations achieved some very tasty yied sure to ahve beaten book No wonder the SP flickered up today Keep them coming
At last progress now Allsopps are on the case for the auctions achieving some very good prices yesterday sure to be in excess of book values Difficult to work out why they havent been used before especially as they have already undertaken all the legwork , inspected them for valuations and private treaty sales Internos are an unnecessary expense Results were encouraging as LSR are filled with similr stock .Particuarly pleasing were the prices achieved for the shops let to Corals Gravesend producing a 5.8% % yield on a 8 year lease where prices vary wildly where the investor has one eye on the potential void Bring them on get them out
The properties are now as guided finding their way into the auction catalogues of Actius and for the less desirable ones at the regional auction house of Pugh There were some real horrors emerging from the portfolio there recently. Latest results are below recent book valuation by Allsopps which is a little concerning bearing in mind they are the top dog auctioneers Looking at the majority of the lots being sold by LSR you can see why they werent keen to have them polluting their catalogues However there re were a number which would have sat quite happily amongst others in their catalogue and more than likely stimulated higher offers Why werent they listed especailly as they had already undertaken the groundwork on the properties in the valuation? It does beg the question since they valued them why couldnt they sell them Glancing through the various lots on offer by LSR there were many leases with tenants holding over,some poor descriptions and a sneaking suspicion that they have not been actively managed A stinging indictment on the e status quo The sooner we ship the rest out the better Grahame Whateley has never been last in the queue when the prizes are being given out and it seems his decision to bail out to Thalssa at a price unlikely to be seen again was a smart move .Never mind
... but now : http://investing.thisismoney.co.uk/news/article/id/5458016
Silly overhead,management agreements for now a relatively small portfolio which could easily be manged by on eof th etop west end firms Previous portfolio sales for a smidge over book value which was more than swallowed up by manag ement fees SFA this year whist the company Valuers allsop who were paid sale fees every month sell hundreds of shops similar to LSR.s portfolio in their monthly auctions The whole lot could be pushedthru the next 3 auctions and the rump portfolioed off and hey presto the shareholders might see something
Meeting Requisition RNS : http://investing.thisismoney.co.uk/news/article/id/5447096 And here's the view from Thalassa's side : http://investing.thisismoney.co.uk/news/article/id/5447067 Should be 'interesting'. Anyone going?!
Yes indeed . No doubt its been difficult to shift a portfolio with all the difficult external conditions this year but time to unravel this beast I dont mind either way Soukop takes it out or the BODS ramp up the selling process Whats the point of "managing " a whole ragtag of tertiary shops under £250k on the hope that someone might pick up the rump just because there are some small individual jewels in the crown acting as a sweetener
The 'interesting ride' begins! RNS : http://investing.thisismoney.co.uk/news/article/id/5438499
Buckle up for an interesting ride here with Soukup on board in chunky style Margin of safety provided by discount to nav one would hope but let's see what can be worked out News of that engagement with the Board eagerly awaited
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/THAL/12963270.html Duncan Soukop obviusly a bit of a wag .He ought to team up with Tim Martin for a double act .Looks as if they are seeking a move Fasten your seat belts The remainder of the portfolio has done the rounds of the market and clearly there has yet to be a sufficently attractive offer to take it
Sorry, wrong link. http://investing.thisismoney.co.uk/news/article/id/5412740
http://investing.thisismoney.co.uk/news/article/id/5412763 6.225m @ ~33p, so presumably includes the 6m that showed up on Friday. Now holding 23%. "Following this further share purchase and the resultant wholesale changes to the shareholder register of LSR, the Board of Thalassa intends to engage with the Chairman of LSR as soon as practicable, with a view to reviewing and changing LSR's investment policy approved in July 2013." Reversing the sell-off??
Looking at the number of shares purchased, it looks as if Whateley has sold. Interesting to see who picked up the 6m.
Look like this is on its way ,Question is will Grahame Whateley play a few games .He is someone who has always fought over the last penny
but I refrain from further description...too x rated lol
Is that the same Thalassa oil services let's mess it all up company?