London & Associated Properties Share Price (LAS)

… I thought that in Bisichi’s recent market update they said that they had increased the life of their coal mine from 4 to 8 years?

It is very hard to pick possible winners in this market. Stumbled on this and read up everything.My verdict is that overall it is correctly valued. Bisichi will be out of coal in 3-4 years unless it invests in more. My guesstimate is that it is going to reinvest in property rather than take on more coal. LAP is small but well managed and its likely future is merger/takeover within property, probably offering a Main listing to an AIM stock.

I am aware that its figures are a bit overdue and I expect them to improve. So I intend to watch carefully and if I can take a few at or below 20p, then I shall, because that would represent value with minimal downside.

Latest annual report out today - NAV still circa 35p a share - property valued at £61 million dividend from BISI expected to be £300k CEO salary £590k -- skim read it very lightly -- nothing surprising or interesting to me even - possibly a harmless but crap position!

according to my hand written notes from July last year I had £71million for the property portfolio and Net Assets per share at 35p -- loss per share 8p and an "I think rental income has not covered company overheads - so may be LAS is in terminal decline" --- I think all that came from a casual read of the last annual report .. guessing now that we are sort of more post covid than then things could be a bit better?

…. I was just checking that I wasn’t missing something! No worries. So what do we think LAS’s property portfolio is valued at?