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Started: PiranhaPires, 15 Apr 2019 18:06
Last post: PiranhaPires, 15 Apr 2019 18:06
We have 168,350,374 shares in issue, capitalisation 3.114ml, should this give us more then 2p ?
Started: PiranhaPires, 15 Apr 2019 18:00
Last post: PiranhaPires, 15 Apr 2019 18:00
All I could see on today’s trading was 200k shares bought and 190k sell so a 10kn Buy overall... Not sure why the summary is reporting any different unless we are missing trades! Does anyone know if the share certificates say ordinary 4p per share or 2p? Reason for asking is the offer seems to be 2p, but if originally this was ordinarily 4p per share, isn’t that the minimum the company would have to return to shareholders on delisting?
Started: PiranhaPires, 15 Apr 2019 09:25
Last post: PiranhaPires, 15 Apr 2019 09:25
Will it go above 2p!
Started: PiranhaPires, 11 Apr 2019 07:38
Last post: PiranhaPires, 11 Apr 2019 07:38
Price currently reported as 1.77p should this not be 0.0177p? Message received, Re Final payment after delisting on same platform is GBP 0.02!!! Is this 2p or zero.zero,two points of a Penny Payment! Anyone knows ?
Started: PiranhaPires, 5 Apr 2019 08:23
Last post: PiranhaPires, 5 Apr 2019 08:23
Does anyone have any idea of final dissolution payment will be? It seems 29 of April will be the last day to take part on the distribution!!! Managed to average it down to 4p, but with price stuck at 1.6 don’t think I’ll get even unless we have a massive dissolution return of cash!
Started: cm45, 29 Mar 2019 12:24
Last post: cm45, 29 Mar 2019 12:24
Thoughts?? May as well sell and use the cgt loss as an offset to reduce my taxable gains in 18/19...
Started: DebE, 22 Mar 2019 08:40
Last post: DebE, 22 Mar 2019 08:40
It was supposed to have been paid on the 21st but no sign of it yet? Did any holders get theirs?
Started: PiranhaPires, 7 Mar 2019 23:38
Last post: PiranhaPires, 7 Mar 2019 23:38
So after the 3p dividend gets paid... What’s next, 1p buy back of our shares or could it be more, still underwater on this.
Started: DebE, 6 Mar 2019 13:48
Last post: roobler, 7 Mar 2019 09:05
You called this...
Will it completely plummet further tomorrow on ex dividend date?
Started: PiranhaPires, 6 Mar 2019 13:43
Last post: PiranhaPires, 6 Mar 2019 13:43
despite the further cash distribution of 3p, this will still leave me underwater.
does anyone know if a final cash payment is due before final "Dissolution", ?
i.e. best to Sell or hold for a final buy back of my shares at the point of "dissolution" if at all this is going to happen, or best we can get is the 1p per share?
Started: CharlesDickens1, 26 Feb 2019 11:28
Last post: CharlesDickens1, 26 Feb 2019 11:28
30/09/2016 - £15,144,695 loss
30/09/2017 - £15,458,199 loss
30/09/2018 - £11,589,176 loss
3 Year loss - £42,192,070 loss
This equates roughly to 25p of value loss during the past 3 years.
LXB are experts at destroying shareholder value.
The Board and Management are absolutely useless!
If you want to lose money, invest in this company.
Started: PiranhaPires, 15 Feb 2019 23:30
Last post: PiranhaPires, 15 Feb 2019 23:30
Anyone know when is the next cash distribution due to shareholders and how much? Do all the assets have to be sold? If so, is there a date, this needs to be dissolved by? Or could a new company be formed/come in to buyout reminder of assets in exchange for shares in new company to existing shareholders!
5p. Worth a punt anyone ?
Started: MNB1978, 14 Dec 2018 00:42
Last post: MNB1978, 14 Dec 2018 00:42
Definitely unethical but typical of this crew.
The land which borders Rushden Lakes on the West side was bought by LXB3 Partners LLP and recently sold to Anonymous Ltd, a company owned by Timonty Walton. Timothy Walton is the CEO of LXB Retail Properties PLC's fund manager. Is the purchase of this land by the fund manager even ethical seeing it is so closely link to the fund and the fund manager has used knowledge of the funds activities to purchase this site. So current shareholders are paying the fund manager fees in order for it to purchase land for its own account. Is this even ethical?
Started: Spazway, 7 Nov 2018 16:22
Last post: Spazway, 7 Nov 2018 16:22
Started: PiranhaPires, 6 Nov 2018 16:46
Last post: PiranhaPires, 6 Nov 2018 16:46
Anyone owning up to the nice purchase! Still very quiet... hopefully the 90k buyers go a sniff of something coming.
Started: cm45, 24 Oct 2017 13:46
Last post: Fallingknife1, 13 Sep 2018 15:24
Good call cm45. Still a possible cash return to shareholders here so the fall is surprising in that respect.
Your 60p even more of a pipedream. Unless the chairman and BoD is changed do not expect a positive outcome.
Last post: sprintman, 30 Aug 2018 18:57
I've bought in. It's the quietest board I've ever seen!
Seems so
what have i missed?
Started: bouncer, 4 Jul 2017 12:52
Last post: bouncer, 4 Jul 2017 12:52
Bouncer...Is that 60p coming? Or news of another cash return would be nice. Anyone got any idea when we can expect an RNS? This is definitely very quiet
60p?? Really. Why would you expect that?
Market has missed this Rns totally. Should start climb back to 60p area before next big Rns.
Caught on the hop? Had a little punt and not showing? Any LTH thoughts?
LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, is pleased to announce progress with the planning application for the revised Phases 2 and 3 at Rushden Lakes. The Company has been notified that the Secretary of State for Communities and Local Government has decided not to call in the application. The s106 agreement is well progressed and should be signed shortly at which point East Northamptonshire Council will be in a position to issue the planning permission. The six week statutory review period will start once the permission has been granted and once the six weeks has elapsed, the planning conditionality included in the funding arrangements with The Crown Estate will be satisfied. The funding arrangements with The Crown Estate also include letting conditions. As previously announced, the arrangements require a total of 75% of space on Phase 2 and 60% of space on Phase 3 to be pre-let. This has been achieved in respect of Phase 2 and will be achieved in respect of Phase 3 once the letting which is currently in solicitors' hands is exchanged. The final condition is to sign a build contract for Phase 2 and Phase 3 and this is well advanced. The Group is also pleased to announce that restaurant chain Bill's has exchanged a pre-let for 3,100 sq ft of space on Phase 1 which means 93% of Phase 1 is pre-let by floor space. Tim Walton, CEO of LXB Adviser LLP said:- "The notification from the Secretary of State is excellent news and removes a significant uncertainty around the timing of the further cash receipts from The Crown Estate. We hope that the s106 agreement will be concluded swiftly and look forward to notifying shareholders once The Crown Estate funding arrangements have become unconditional."
News that the BoD are increasing fees to the related party investment adviser is going down badly. Logic says that with a shrinking portfolio to manage,and missed milestones the fees would be reduced-were they not a related party! Stuff that brings aim into disrepute. Weak Bod being managed by the executives. Time they acted for all shareholders
Started: goldust88, 9 Feb 2017 10:27
Last post: goldust88, 9 Feb 2017 10:27
Good news today planning permission granted for large development at Rushden lakes which will add a plile to asset value-shares should rerate substantially.
Started: MNB1978, 23 Nov 2016 09:59
Last post: MNB1978, 23 Nov 2016 09:59
An outside property management company is appointed to manage the building and collect rent. The fund pays for this. What value is the fund manager contributing to the asset at this point to justify the management charge? The longer the funds manager takes to sell the asset the more management fees they will receive. They are then compensated for failure. The Directors of LXB Retail Properties PLC earned £305,000 for the y/e 30.09.2016. If you compare that the fund manager earned from the fund, £4,632,039 for y/e 31.03.16 it is clear where the power and expertise are concentrated. The directors should represent shareholders, but in this instance they are just rubber stamping decisions taken by the fund manager. When the remaining assets are transferred to a new company the management fee structure should be reviewed otherwise management can take forever to sell the assets and milk the fund try by charging management fees until the end of time. Management fees should be reduced to 0.5% in the new company if the fund manager wants to share in the upside and there should be a time limit placed on being able to charge management fees. If the fund manager say they tie everything up withing a year they shouldn't benefit if they fail to achieve it.