Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I certainly hope so. It's a drastic reduction in the share price, and I'm not sure it's down to "ex-dividend" status.
I think investors will pile into this shortly
Gone ex divi thats why the fall opportunity to buy in
The site remediation works, which were a key component of the conditionality of the Sutton foodstore disposal, have completed satisfactorily and the other (largely procedural) conditions are well advanced. We expect the contract with The Lime Property Fund, which is managed by Aviva Investors, to become unconditional later this week. At that point, under the terms of the contract, a cash receipt of £20m becomes due within 10 working days. In light of these actual and imminent cash receipts, the Board has reviewed the Group's requirements and concluded that, on receipt of these monies, the Group will be in a position to return £82.63m (45p per share) to shareholders. Detailed proposals are set out in the circular which will be posted to shareholders today. The proposals are subject to approval at an EGM to be held on 27 May 2015. Assuming the proposals are approved, the final condition to be satisfied before the capital return proposals will be implemented is actual receipt of the cash. The Board intention is that the cash return will be implemented as soon as possible after the later of the EGM and receipt of the cash proceeds.
What disaster has befallen this share? A 32% reduction at one stage. An Investors Chronicle tip no less!!!
Results due tomorrow-expecting a nice uplift in property values and return of a lot of cash.
Today LXB Retail Properties (LXB) has announced it will receive total receipts of £80m from the sale of its Biggleswade property investment to Aberdeen Property Trust. The sale is due to complete by mid-April. Buy.
Asset value at end September was 134p, that's 6 months ago-could be a fair bit higher by now with more lettings, sales and increase in property values which will give price a boost..
Modified planning permission was granted the back end of last week in respect of the supermarket in Ayr, I have spoken to the F.D. an announcement regarding the AGM, accompanied by a full update will be announced very shortly ( my interpretation was either this week or just after Easter.)
They are taking their time making the announcement, the plans were approved last Thursday.
With a quick back of the fag packet calculations, I reckon this could be worth another 4-5p to the N.A.V.
Looking forward to the RNS, I see the planning permission has been given for Willow Green in Truro, 435 houses and a large Asda store, this should boost the SP. http://www.westbriton.co.uk/Stadium-plan-dashed-supermarkets-approved/story-26163472-detail/story.html
trade...............
15 October 2013 For Immediate Release 15 October 2013 LXB RETAIL PROPERTIES PLC (the "Company") Result of EGM for Share Buyback Authority The Company announces that at an Extraordinary General Meeting of Shareholders held in Jersey on 15 October 2013, a special resolution to grant the Board of Directors a further general authority to buy back up to 14.99% of its issued share capital was presented to the shareholders and duly passed. The results of the vote were as follows: Number of votes For 191,411,414 Against none Abstain 90,000 The share buyback authority will maximise the Board's flexibility in considering the most cost efficient and appropriate way to return excess cash to shareholders. For further information please contact: LXB Adviser LLP Tel: 020 7432 7900 Tim Walton, CEO Brendan O'Grady, FD Buchanan Tel: 020 7466 5000 Charles Ryland/Sophie McNulty/Helen Greenwood www.buchanan.uk.com This information is provi
You spending well today
big trade....
big trade.....
LXB Retail Properties: JP Morgan downgrades from overweight to neutral.
big trade....?.....
Matrix retains LXM Retail as buy but increases target from 127p to 152p;
in the times Tiddler to watch Shares in LXB Retail Properties gained 2½p to 102½p on their first day of dealings on the Alternative Investment Market. The company, which is led by Tim Walton, the veteran property entrepreneur, has raised more than £100 million to fund a buying spree in the UK’s distressed market for out-of-town retail parks