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Started: AmatuerInvestor, 18 Dec 2023 14:28
Last post: Pedrobull, 15 Jan 2024 10:43
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
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
Started: easyinvester, 29 Dec 2023 19:11
Last post: easyinvester, 29 Dec 2023 19:11
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
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
Started: saintly, 7 Jun 2023 09:05
Last post: Pedrobull, 19 Jul 2023 12:19
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
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
Started: Pedrobull, 16 Jun 2023 20:37
Last post: ArielArrow, 6 Jul 2023 23:40
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.
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.
Started: saintly, 9 Feb 2023 07:20
Last post: Tonio, 9 Feb 2023 09:32
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).
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
Dividend of 1.575pps. Xd 16 Feb 23. Pd 10 Mar 23. Rgds, 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
Started: Pedrobull, 7 Dec 2022 07:46
Last post: Pedrobull, 22 Dec 2022 07:13
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.
Started: Pedrobull, 24 Nov 2022 10:32
Last post: Pedrobull, 24 Nov 2022 10:32
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
Last post: TDinvestor, 26 Sep 2022 18:18
I think its actually the other way around - the macro issues, in particular interest rate expectations, caused the SP to tank 20% (same as most reits) which led to the Sainsburys being cancelled.
Presumably the Sainsburys deal not proceeding is the reason for the 20% drop in shareprice along with current national issues.
ASLI is trading low as well, possibly all REITs being hit with inflation concerns, price does not matter short term as long as dividend continues
That's what I thought but thought I'd check as surprised to see shorting on this stock. The new issue at 142p to pay for the Sainsbury deal suddenly looks shaky. This has come out of nowhere for me. I thought this was a relatively safe bet for diversified property income without risky office rental sector exposure. I just don't get it.
Share holding reduced by 0.02%. Short increased by 0.01%.
Started: Pedrobull, 11 May 2022 11:35
Last post: Pedrobull, 11 May 2022 11:35
https://www.investmentweek.co.uk/news/4049485/lxi-reit-secure-income-reit-pursue-merger
From the article above - The merger of the two property trusts, £1.4bn LXi and SIR, will lead to "significant cost savings," the groups said, which they estimated at £8.6m a year. £7.5m of that would come from the savings of advisory fees, with the remainder coming from "operational cost savings".
Looks good to me shares have taken a 5% hit to 135p though, probably a good time to top up.
Started: Pedrobull, 21 Jan 2022 10:07
Last post: Pedrobull, 31 Mar 2022 12:26
Looking good now at 149p
Looked a t a few of them i felt that this at 135p was the better option so I now have some, happy to get in under the 142p too. Quite a few are at full price!
swsquires - agree completely about reit discussion groups. Cash generating companies such as these offer a massive addition to our ISA accounts and provide a more than steady income and as such would make a great talking point. RLE for me has been a really positive addition to my portfolio and as such I actually started a pension fund with this being one of three companies to provide a regular income. One of the others is actually AIRE. Hope you enjoy looking up on RLE. I think you will be pleasantly surprised. Good luck with your research and good luck with your portfolio(s)
Thanks saintly, I've been looking at AEW but will investigate the others too. I had overlooked AIRE as it produced negative returns in 2018,2019 and 2020 but checking again, the NAV actually increased all but one year. I'd be interested to understand why it has always been at such a big discount. It is a shame that there aren't any groups that discuss REITS generally as I feel that would be a real benefit, either on here or elsewhere. I hadn't come across RLE as I tend to look on AIC or Trustnet, so will see what I can find.
swsquires - An impressive selection of reits if I may say so. If you are looking to make changes can I respectfully suggest you have a look at RLE, AIRE and AEW. I am a holder in both RLE & AIRE and just awaiting to buy in (start of new tax year) to AEW. RLE and AIRE both give an impressive 7%+ in dividends which beats inflation hands down. Investors Chronicle - excellent publication!!!- has both AIRE & AEW on its recommendation to buy list so that alone is enough to make people sit up and take notice and commence their own research. I, like yourself, have recently discovered the reit's and really wish I had done so much earlier in my life! With inflation as it is it really makes sense to get more in in income than you lose in inflation. Good luck to all investors and may your gains exceed your losses. Rgds Saintly
Started: saintly, 10 Jan 2022 08:50
Last post: saintly, 11 Jan 2022 11:11
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.
Started: saintly, 1 Nov 2021 07:54
Last post: saintly, 1 Nov 2021 07:54
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
Started: jarfurrank, 15 Apr 2021 14:06
Last post: jarfurrank, 15 Apr 2021 14:06
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
Started: Cantseeit, 25 Feb 2021 10:32
Last post: jarfurrank, 15 Apr 2021 13:35
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.
Started: Fallingknife1, 6 May 2020 10:33
Last post: Fallingknife1, 6 May 2020 10:33
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?