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Londonmetric Property PLC (LMPL.L)

LMPL.L on London Stock Exchange

202.72GBp
3:01pm IST
Change (% chg)

1.12 (+0.56%)
Prev Close
201.60
Open
205.00
Day's High
205.00
Day's Low
202.00
Volume
187,023
Avg. Vol
1,266,720
52-wk High
210.40
52-wk Low
171.50

Latest Key Developments (Source: Significant Developments)

LondonMetric Agrees To Acquire A & J Mucklow In Cash-Stock $524 Mln Deal
Thursday, 23 May 2019 

May 23 (Reuters) - Londonmetric Property PLC ::RECOMMENDED CASH AND SHARE OFFER FOR A&J MUCKLOW.UNDER TERMS OF COMBINATION, FOR EACH MUCKLOW ORDINARY SHARE, MUCKLOW SHAREHOLDERS WILL BE ENTITLED TO RECEIVE: 2.19 NEW LONDONMETRIC SHARES AND 204.5 PENCE IN CASH.COMBINATION VALUES EACH MUCKLOW ORDINARY EARNINGS PER SHARE AT 655.2 PENCE.COMBINATION VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF MUCKLOW AT APPROXIMATELY £414.7 MILLION.COMBINATION IS EXPECTED TO BE IMMEDIATELY EARNINGS ACCRETIVE.COMBINATION REPRESENTS A PREMIUM OF APPROXIMATELY 19.7 PER CENT. TO CLOSING PRICE PER MUCKLOW ORDINARY SHARE OF 547.5P.ELIGIBLE MUCKLOW SHAREHOLDERS WILL BE ABLE TO ELECT TO VARY PROPORTION OF CASH, NEW LONDONMETRIC SHARES THEY RECEIVE.FOLLOWING COMPLETION OF COMBINATION, EXISTING LONDONMETRIC SHAREHOLDERS WILL HOLD 83.5%, MUCKLOW SHAREHOLDERS 16.5%. IN COMBINED.OFFER MADE RELATES ONLY TO MUCKLOW ORDINARY SHARES NOT MUCKLOW PREFERENCE SHARES, FOR WHICH NO OFFER IS BEING MADE BY CO.MUCKLOW DIRECTORS INTEND UNANIMOUSLY TO RECOMMEND THAT MUCKLOW SHAREHOLDERS VOTE IN FAVOUR OF SCHEME.MUCKLOW DIRECTORS CONSIDER TERMS OF COMBINATION TO BE FAIR AND REASONABLE.VARIOUS MEMBERS OF MUCKLOW FAMILY HAVE UNDERTAKEN IRREVOCABLY TO VOTE IN FAVOUR OF SCHEME.RECEIVED IRREVOCABLE UNDERTAKINGS FROM UNICORN ASSET, TR PROPERTY INVESTMENT AND WESLEYAN ASSURANCE SOCIETY TO VOTE IN FAVOUR.  Full Article

Londonmetric Says FY Net Rental Income Up 3.5%, FY EPRA NAV Per Share Up 5.9%
Thursday, 23 May 2019 

May 23 (Reuters) - Londonmetric Property PLC ::FINAL RESULTS.LONDONMETRIC PROPERTY PLC FY NET RENTAL INCOME UP 3.5% TO £93.8M.FY EPRA NAV PER SHARE UP 5.9% TO 174.9P, IFRS NAV PER SHARE UP 5.4% TO 174.7P.FY DIVIDEND INCREASED 3.8% TO 8.2P, 107% COVERED BY EPRA EPS, INCLUDING Q4 DIVIDEND DECLARED TODAY OF 2.5P.  Full Article

Londonmetric Says Occupiers Seeking Additional Distribution Space Ahead Of Brexit
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Londonmetric Property PLC ::HY NET RENTAL INCOME £ 47.1 MILLION VERSUS £ 44.5 MILLION.HY EPRA EPS 4.4P.HY REPORTED PROFIT WAS £79.3M.GROWING EVIDENCE THAT OCCUPIERS ARE INTENSIFYING SEARCH FOR ADDITIONAL DISTRIBUTION SPACE AHEAD OF BREXIT.CONTINUED TO REDUCE REMAINING EXPOSURE TO MULTI LET GENERAL MERCHANDISE MARKET WHICH IS FACING INCREASING DISRUPTION."BELIEVES THERE IS STILL MORE VALUE DESTRUCTION TO COME AS YIELDS EXPAND, MORE RETAILERS FAIL AND RENTS FALL".  Full Article

Londonmetric Sells Martlesham Heath Retail Park For 22 Mln Stg
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Londonmetric Property PLC ::SALE OF MARTLESHAM HEATH RETAIL PARK FOR £22M.SOLD ITS RETAIL PARK IN MARTLESHAM HEATH, IPSWICH.  Full Article

Londonmetric Property Sells Two M&S Convenience Assets And Purchases Convenience Development Anchored By LIDL
Monday, 2 Jul 2018 

July 2 (Reuters) - Londonmetric Property PLC ::LONDONMETRIC SELLS TWO M&S CONVENIENCE ASSETS AND PURCHASES A CONVENIENCE DEVELOPMENT ANCHORED BY LIDL.HAS SOLD TWO M&S CONVENIENCE STORES FOR £10.7 MILLION, REFLECTING A NIY OF 4.5%.HAS PURCHASED A CONVENIENCE DEVELOPMENT IN DURHAM PRE-LET TO LIDL FOR £13.3 MILLION, REFLECTING A YIELD ON COST OF 5.4%.  Full Article

LondonMetric Property Says FY Reported Profit 186.0 Mln STG Vs 63 Mln STG
Wednesday, 30 May 2018 

May 30 (Reuters) - Londonmetric Property PLC ::FY REPORTED PROFIT 186.0 MILLION STG VERSUS 63 MILLION STG.DIVIDEND INCREASED 5.3% TO 7.9P.SAYS FY NET RENTAL INCOME 90.6 MILLION STG VERSUS 81.8 MILLION STG.LONDONMETRIC PROPERTY - IMPACT OF DIGITAL EVOLUTION AND ONGOING SHIFTS IN CONSUMER SHOPPING HABITS IS BEING FELT MORE THAN EVER IN RETAIL SECTOR.LONDONMETRIC PROPERTY - "REMAIN HIGHLY NERVOUS ON OUTLOOK FOR RETAIL SECTOR".  Full Article

Londonmetric Property Says ‍£12 Million Disposal Of B&Q Retail Store​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Londonmetric Property Plc ::‍£12 MILLION DISPOSAL OF B&Q RETAIL STORE​.‍SOLD A B&Q WAREHOUSE IN HULL FOR £11.6 MILLION (LONDONMETRIC SHARE: £5.8 MILLION), REFLECTING A BLENDED NIY OF 6.0%​.  Full Article

Londonmetric Property posts HY EPRA NAV ‍155.7​ pence
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - LONDONMETRIC PROPERTY PLC ::HY EPRA EARNINGS ‍28.8​ MILLION STG VERSUS 25.3 MILLION STG YEAR AGO.HY NET RENTAL INCOME ‍44.5​ MILLION STG VERSUS 39.7 MILLION STG YEAR AGO.HY EPRA NAV ‍155.7​ PENCE VERSUS 149.8 PENCE YEAR AGO.‍SECOND QUARTERLY INTERIM DIVIDEND DECLARED OF 1.85P​.  Full Article

Londonmetric Property says ‍acquisition of two logistics warehouses for 47.6 mln stg
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - LONDONMETRIC PROPERTY PLC ::‍ACQUISITION OF TWO LOGISTICS WAREHOUSES FOR £47.6 MILLION​.  Full Article

Londonmetric Disposes Two Retail And Leisure Assets For 19 Mln Stg​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Londonmetric Property Plc ::LONDONMETRIC - ‍HAS EXCHANGED ON SALE OF AN ODEON CINEMA AND A RETAIL ASSET IN GUISBOROUGH FOR £18.6 MILLION REFLECTING A BLENDED NET INITIAL YIELD OF 4.8%​.  Full Article