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Hi RedGabales, welcome to LSE! Yeah, given it was oversubscribed you would think there would have been a reasonable chance of the SP advancing above 142p. However, the market generally hasn't been great I guess; the high inflation figures make the limits to the indexing/ caps etc in LXI less appealing and I imagine there may be instos that just want to dump the shares if they aren't going to bounce immediately. Since we're now below NAV I don't see a huge downside to buying now (unless we get a massive market sell off generally) and the speed of LXI's acquisitions is impressive, but I haven't yet added any shares myself whilst the Ukraine situation plays out. I'll look for an up day when peers are rising and LIX hasn't and then buy I think. Good luck with whatever you decide to do.
Hi TDINVESTOR,
My first time at posting. I, too, applied in the fund raising and received a small allocation to which I contemplated adding afterwards (I note you planned to do the same). I was somewhat dismayed at the subsequent reduction in price. Have you thoughts on why it happened, given the demand in the raising? Did you indeed top up, or are indecisive like me and have deferred? Thanks
In my opinion at the price it was set at compared to current price did not make sense. By adding in x millions it has diluted the value so no real point in buying or maybe I am missing something. Still happy to hold at this price. Good luck to all shareholders
I was allocated only 25% of what I applied for through PB so will be looking to add if we get below the 142p placing price on the ask.
in the end didn't apply, yeah PB outside ISA but £5.95 to sell and same again to buy with spread
just still tracking this
@Pedrobull - just making sure you know that PB can't transfer into an ISA, so there will be costs involved, one way or another.
I just got a Primary Bid notification and now looking into this as a long term dividend play
Well done on your reinvestment in this stock. I hope that you will find it profitable and a good addition to your portfolio. Rgds Saintly
I’m back in here. 5% divi target growth (backed by 96% index linked/ fixed uplift leases), NAV growth across 8 out of 10 sub-sectors taking us to 139.5p, 100% rent collection and the SP is only a few % above NAV. Looks like reasonable REIT value to me at this point in time, both from a divi yield/ growth rate perspective and potential capital gains pushing the premium above NAV up a bit further.
I was going to say that the increase still isn't enough to tempt me back in - 4.3% at today's price.... but I wouldn't ever disagree with you @saintly Lxi is one of a number of my former favourite's that are now down near that 4% level, and I try and keep my average at 6%, and not buy anything under 5%. Will be looking to buy back at the next Global Crisis.
Increase of 5% on dividend for 2022 giving 6.3p per share. Targeting a yield of circa 8% in medium term. Decent return at moment with a progressive dividend policy for future. Really good addition to anyone's portfolio. Good luck to all current shareholders, to those considering buying in or those just monitoring this share.
The latest rental update in regards to lidl and lok will provide an additional rental income that will ultimately benefit both the company and investors alike. Seems like a very good bit of business. Keep them coming please
Hi,
Bit late for the share offer as I've only recently started to use LSE
I hold LXI and have done well with this share - up19% from when I bought in and with a reasonable divi. I took up my allocation of shares.
If you are interested, I hold two similar stocks
Tritax (BBOX) - these deal in larger properties / warehouses for major companies ( up 38% and again with a reasonable divi)
Assura (AGR0 - specialise in medical facilities ((up 29% and also a reasonable divi)
I like the business concept of property leasing with long leases so might be worth a look. As always DYOR
Hi
Bit late for the offer (I've only just started to use LSE). Held this for a while now and like the concept of the business -up 19% since I bought in and a reasonable divi, and took up the last share offer.
For information I also hold shares in similar REIT-type businesses:
Tritax (BBOX) - deal with much larger properties than LXI (up 38% since I bought and also reasonable divi)
Assura (AGR) - focuses on medical facilities that are leased out (up 35% and again a reasonable divi)
I think the business concept is sound (essentially property on long leases), and might be worth you looking. As always DYOR !!
Hi guys, I am looking at this offer of shares at £1.24, can any of you tell me what your thoughts are ??
Well, I guess now is the time to pick up a bargain property or two. Some of those rents are pretty dire and with low increases and no likelihood of matching inflation if it does take off as expected. 2% of peanuts is still peanuts. This is an RNS to think through.
and keeping the dividend in these troubled times. One for my watchlist though property is a troubled sector.
Well three yrs on and myopics prediction was a fair comment, now under the strain of covid 19 it will be the way of the future ?
The way things are changing nowadays your grandsons SIPP will probably be a thing of the past. The institutions presumably do not think commercial premises will bring much of a return via LXI as the offer was significantly undersubscribed.
I bought LXI for my grandsons SIPP, he's 12 and won't be able to take his pension (current rules) until 2074. I wonder what the price of the average house or commercial premises will be worth then?