Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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The merger for each LXi Share held: 0.55 New LondonMetric Shares represents a premium of approximately 9 per cent to the Undisturbed Closing Price per LXi Share of 99.5 pence.
Dividends - LXi Shareholders will be entitled to receive and retain LXi's third quarterly dividend in respect of the quarter ended 31 Dec 2023, which is expected to be declared in Jan 24 and paid in Feb 24 to LXi Shareholders.
LondonMetric is targeting a FY24 dividend increase of 7.4 per cent. to 10.2p per share.
I will be voting for this
GLA
Who’s got it and who ain’t it. In a uncertain time a stronger company all better & good debt not issue but I’d need to know more about merger and London metric balance sheets ect
Performance comparison total return with dividends included 1, 3 & 5 years
LondonMetric Prop Ord 13.52% -3.53% 28.32%
LXI REIT -11.82% -5.71% 2.1%
LXI poor in comparison.
I think it would be an all share offer as LMP is £2B and LXI is £1.7B so almost a merger of equals.
GLA
Merger talks between LXi and LondonMetric are being reported
A good cash generating share that is well suited to an ISA. Love the quarterly dividends that most REIT's pay. Fortunate that my selection of REIT's pay a dividend every month. Appreciate that REIT's are like marmite but whilst I don't like marmite I do like REIT's and I do like LXI. Continued good fortune to all LXI shareholders, those considering getting in and to those just watching. At the end of the day we all just want to see a decent return on our investments and this gives a decent return. Rgds, S
Dividend of 1.65p x 4 = 6.6p which give a yield of 6.8% at current 96p
A good set of results. Dividend of 1.65pps. Paid 10 Jan 24. Xd 7 Dec 23.
Rgds, S
There you a 5% pop as inflation now quoted at 7.9%
Dividend of 1.575p x 4 is 6.3p which is 6.8% yield at current 90.5p
I'm down on capital but trying to ignore that as it's yield is good and will increase
GLA
So even fund managers get it wrong occasionally
SHARE PURCHASE BY SIMON LEE, FUND MANAGER OF THE COMPANY'S INVESTMENT ADVISOR
The Board of LXI REIT (ticker: LXI), the specialist inflation-protected very long income REIT, announces that Simon Lee, Fund Manager of the Company's Investment Advisor, LXI REIT Advisors Limited, acquired 103,250 ordinary shares in the capital of the Company at 96.8 pence per share for a total cost of £100,002 on 15 June 2023.
Depressing current value though. this was my "slow grow" pension style share & its at the same price as when it launched
Dividend of 1.575pps. Xd 15 Jun 23. Pd 7 Jul 23. Rgds, S
was looking really bad but recovery to 105 and the Refinance agreement of 13th April RNS looks good
"Following the signing of the Group's comprehensive refinancing, the Company is pleased to announce a new annual dividend target of 6.6 pence per share for the 12-month period that commenced on 1 April 2023 (a 4.8% increase on the dividend target for the year ended 31 March 2023).
The new divided is anticipated to be paid in four quarterly instalments and reflects the Company's policy of paying a progressive dividend which is fully covered by net earnings."
Seems to have 90p written all over it, so that’s when I’ll buy.
Steady performance and decent dividend. However, no NAV update. Also not sure about Alex Short since she was at the helm of AEWL (now AIRE) when it slipped badly.
Pedro, I too invested at £1.39 (ISA) and £1.18 (Non) and am happy to continue to hold and indeed buy at these rates. I fully expect to see a steady increase in share price over the next few months especially when the rent reviews have been completed. Continued good luck with your investments. Regards, S
I'm down on capital but income is the same as when I invested at 140p and i'd buy more now so happy to hold at 6.5p annual dividend, beats cash (just).
Dividend of 1.575pps. Xd 16 Feb 23. Pd 10 Mar 23. Rgds, S
Good Q3 update and continued steady dividend. Rent reviews going well and expected to improve in next Q. All in all nothing surprising and the dividend is welcome as always. All in all around a circa 5.5% yield with scope to improve. With the quarterly dividend this is a nice addition to a portfolio. Continued good fortune to all investors. Regards, S
Here is hoping that 2023 see's a steady but decent rise in share price. Not going to set targets but I would like to see a decent rise for LXI. Continued good luck to all on this board be you investors, potential investors or those just watching. Good luck and success to one and all. Per ardua ad astra!!!! Rgds Saintly
and again;
The Board of LXI REIT (ticker: LXI), the specialist inflation-protected very long income REIT, announces that Simon Lee, Fund Manager of the Company's Investment Advisor, LXI REIT Advisors Limited, acquired 87,450 ordinary shares in the capital of the Company at 114.35 pence per share for a total cost of £100,000 on 21 December 2022.
SHARE PURCHASE BY JOHN WHITE, PARTNER AND FUND MANAGER OF THE COMPANY'S INVESTMENT ADVISOR
The Board of LXI REIT (ticker: LXI), the specialist inflation-protected very long income REIT, announces that John White, Partner and Fund Manager of the Company's Investment Advisor, LXI REIT Advisors Limited, acquired 167,000 ordinary shares in the capital of the Company ("Ordinary Shares") at 118 pence per share and 57,245 Ordinary Shares at 118.17 pence per share for a combined total cost of £264,706 on 6 December 2022.
Interim Results today read well these are a safe 5% yield at 124p
I get the bond proxy risk off drop but think this is overdone as is the expectations for inflation once fuel commodities retrace