Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Sales of 2m+ today, or not? 2 txns simultaneously of 955k both marked as sales. What's the betting they were matched? 1 buy, 1 sell ...
...written up by Simon Thompson in Investors Chronicle today. Detailed analysis of LXB assets and potential valuation, plus the buy back strategy and plans to return cash to shareholders. Well worth reading
No RNs yet but from the chunky buying Early to day it looks as though, the buy back is underway again and they are having to pay a little more. Good!! Looks a solid floor under the sp now. Dyor.
Surprised the sp is showing a touch down right now. The company only bought back 125k yesterday from the 10m they are seeking. I guess they have a limit order at around 96.5p but will probably have to bid up to achieve their aims.
I see the company have announced another £10m buyback very shortly. And the revaluation is due this month. Not many shares in circulation now but I managed to buy at 96.32 today. I hope the valuation will be north of 120p a share. Clearly they would not buy in unless they expect the valuation to be a fair bit more than the sp
I agree. Its rubbish. How can you use this data to help guide decisions? You can't! You wouldn't think it would be that hard to get it right!
How wrong can the people or machine that collect this data be!!! The co.bought back 8.4 million but apparentlythere was only 800000+ bought and 17million sold ??!!!! Utter drivel in this day and age of technology!!GLA. We need it working with data like this.!!
Quite a few chunky sells today but no buys of any size. I was expecting the company would step in as partbof their buyback strategy, but no sign yet. Maybe tomorrow...
Good results today -re-assesment of final asset value when contracts completed to be published in Jan.Expected to be about 135p-all returned to shareholders. A really safe 30% gain on the cards here-a bargain in my view.
from ADVFN Looks good for LXB High demand is driving up shopping centre values, with out-of-town centres racing ahead of those in town. The UK’s out-of-town shopping centres saw their value soar by 6 per cent in Q3, according to CBRE, marking the second steepest increase since 2000. Their capital appreciation dwarfed the 3.8 per cent growth in values for in-town shopping centres, echoing a growing demand for large, dominant destinations. Rents also grew strongly in these out-of-town shopping centres, rising 2.1 per cent, but even this growth wasn’t enough to keep pace with growing property values. As a result, yields were pushed down to 4.5 per cent, their lowest level since 2000, making these sites increasingly attractive for investors looking to lower their exposure to risk. Natasha Patel, Associate Director at CBRE Research said: "On the whole, we saw fairly modest capital value growth in Q3, but both rents and capital values in out-of-town shopping centres have grown remarkably. This rental growth is largely due to continued demand from retailers who are placing greater emphasis on dominant centres to strengthen their brand presence." Elevated by these out-of-town figures, the overall shopping centre sector saw capital value growth of 4.5 per cent and rental growth of 1.6 per cent, the highest across all prime commercial property sectors, which averaged 2.2 per cent and 1.1 per cent respectively. The popularity of shopping centres appears to have come at the expense of high street shops as property values in the rest of the retail sector have grown by just 2.2 per cent, a figure buoyed by strong capital value growth in Central London of 5.5 per cent. News provided by TheMoveChannel.com © Copyright, On The Move Limited, 2005
Comprehensive vote in favour at todays appeal hearing
Share price ticking up bit by bit-the ideal share. Results due early December which should give us a good update on progress and increase in asset value. Looking very good at the moment to keep on ticking away.
Great article in IC Windfall cash returns Simon Thompson By my reckoning, LXB will have received well north of £80m of further cash inflows between mid-June this year and early 2016. That’s a significant sum because as soon as the Rushden Lakes development completes the board intend to use the initial proceeds (£70m) of that disposal to fund another significant return of capital. In other words, expect a cash dividend in the order of 38p sometime early next year, a sum worth 45 per cent of LXB’s current share price. It’s likely to focus the mind of investors because I reckon that LXB’s net asset value will have increased to at least £202m by early next year, or 110p a share, and this excludes the outstanding £11.3m payment from Biggleswade, and the additional uncrystalised value in the second and third phases of the Rushden Lakes scheme.
Director PDMR Shareholding (29 September 2015) Director PDMR Shareholding (28 September 2015) Director PDMR Shareholding (25 September 2015) Director PDMR Shareholding (24 September 2015) Director PDMR Shareholding (23 September 2015) Director PDMR Shareholding Replacement (22 September 2015) Director PDMR Shareholding (22 September 2015) Director PDMR Shareholding (15 September 2015)
The fund had an initial life of 5 years. I wonder why the B&Q building in Greenwich was recently purchased. I would have thought that all the asset are being sold at this late stage and the funds returned to the shareholders. The directors and management team of LXB keep buying shares because they know that at this price it is a steal. The NAV for Sept 2015 should be in the region of 100 - 105 pence per share. The results will probably be published around January 2016. I think this share is a great buy with low volatility. The expected future uplift in NAV has a very low risk exposure.
Actually 137p- 86p (current price) is a gain of 51p which is an upside of + 59%-excellent whatever way you look at it and directors keep buying !
Your analysis is spot on in my view and recent RNS only adds to this. Quote from the CEO "These transactions deliver exceptional value for investors."
There is a interesting article in The Investors Chronicle. Keep the faith. Sorry for typo error earlier... Predicted text.....?
Their is a interesting arrticall in Investors Chronicle . Keep the faith.
Thanks for posting CharlesDickends1. I'm topping up at these prices......great opportunity to average down. A good idea would be to do a share consolidatio like 3in to counteract the share depreciation. Regards.
Director/PDMR share purchase on the 25th of June of circa 3 million shares. They probably know that the current share price is cheap relative to the value that is still left in the portfolio. http://www.lxbretailproperties.com/_news/director_pdmr_shareholding_-25_june_2015-.pdf
http://www.lxbretailproperties.com/_news/update_on_progress_at_rushden_lakes-_truro_threemilestone_planning_and_sale_of_residential_interests_at_sutton_-25_june_2015-.pdf High volume today. £5m+ I think institutional investors are selling and that is putting downward pressure on the share price. At 88p this is undervalued. In 15-18 months this should go to 135p. Good upside potential.
In the March 2015 accounts it was stated that there was still £78m of value left. I think this is a conservative number and should be taken as the minimum value that can still be realised. The £78m equates to circa 42p per share. The NAV at March 2015 was 140p. So, 140P+42P=1.82P. Deduct the recent 45p capital distribution and that you get the 137p as the future price. This price will be achieved in the next 12 to 15 months. From today's share price that is an upside of 52% which makes this an investment with a great potential return over the next year with very low risk.
A great topping up opportunity..... While the share price is low......share buy back's and the divi. Hopefully will boost the price.
You've got to laugh... or maybe cry. LXB very kindly give us 45p a share special divi, only for share price to nosedive by a third. And no sign of a recovery. Net result for moi - a sizeable minus.