The UK real-estate market may be facing a period of uncertainty as the leaving process for the UK from the EU starts to unfold. However, LondonMetric Property (LMP) has been focusing more on distribution warehouses, to take advantage of the change in consumer spending habits towards online shopping and away from the high street, so that nearly 60 per cent of the portfolio is now in distribution assets. Exposure to the fragile retail park sector has slowly been reduced and stands at just 17 per cent of the portfolio.
Rental income has been rising steadily, with over half index-linked or on a fixed uplift, and will receive an additional boost as the development arm matures and starts to bring in further revenue. Occupancy levels remain high at 98.5 per cent, and the weighted average unexpired lease term to the first break is a healthy 12 years. So shareholders shouldn't be concerned by the news that 69-year-old non-executive chairman Patrick Vaughan sold more than 500,000* shares in the company in January. This still leaves him with a holding of 13.3m shares worth £19.7m.
*The original version of this article said Mr Vaughan had sold 750,000 shares. This has now been corrected.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
BlackRock Latin American Investment Trust | Carolan Dobson | 16 Jan 17 | 4,792 | 417.3 | 19,997 | 4,792 | 0.012 |
CRH | Gillian Platt | 13 Jan 17 | 1,000 | 2885.13572 | 28,851 | 1,000 | 0.000 |
Chrysalis VCT | Martin Knight | 17 Jan 17 | 25,000 | 63.315 | 15,829 | 332,632 | 1.112 |
Condor Gold | Jim Mellon | 12 Jan 17 | 395,998 | 50.5 | 199,979 | 1,094,818 | 2.069 |
Croma Security Solutions | Roberto Fiorentino (ceo) | 16 Jan 17 | 335,000 | 26 | 87,100 | 4,110,000 | 24.329 |
Croma Security Solutions | Sebastian Morley (ch) | 16 Jan 17 | 40,000 | 26 | 10,400 | 575,000 | 3.404 |
Croma Security Solutions | Richard Juett (fd) | 16 Jan 17 | 12,500 | 26 | 3,250 | 12,500 | 0.074 |
Diurnal♥ | Alan Raymond | 16 Jan 17 | 9,000 | 110 | 9,900 | 22,888 | 0.044 |
Diurnal | John Goddard | 13 Jan 17 | 9,248 | 108 | 9,988 | 16,192 | 0.031 |
Diurnal | Peter Allen (ch) | 13 Jan 17 | 40,000 | 105 | 42,000 | 74,722 | 0.143 |
Diurnal | Sam Williams | 13 Jan 17 | 9,248 | 108 | 9,988 | 46,748 | 0.090 |
Fenner | Michael Ducey | 13 Jan 17 | 28,300 | 296 | 83,768 | 28,300 | 0.015 |
Fenner | Chris Surch | 12 Jan 17 | 6,828 | 291 | 19,869 | 6,828 | 0.004 |
Fenner | Geraint Anderson | 12 Jan 17 | 1,703 | 291 | 4,956 | 1,703 | 0.001 |
Fenner | Vanda Murray (ch) | 12 Jan 17 | 17,000 | 291 | 49,470 | 19,000 | 0.010 |
Fidelity Asian Values* | Anthony Stott | 12 Jan 17 | 4,000 | 31 | 1,240 | 24,000 | 0.036 |
Hargreave Hale AIM VCT 1* | David Brock | 12 Jan 17 | 12,768 | 78.32 | 10,000 | 41,915 | 0.064 |
Hilton Food | Robert Watson (ceo) | 13 Jan 17 | 50,000 | 680 | 340,000 | 3,081,380 | 4.189 |
Jardine Lloyd Thompson | Nicholas Walsh | 13 Jan 17 | 1,000 | 997.425 | 9,974 | 1,000 | 0.000 |
Jersey Electricity | David Padfield | 16 Jan 17 | 100 | 417.2 | 417 | 2,452 | 0.021 |
Jersey Electricity | David Padfield | 16 Jan 17 | 900 | 417.2 | 3,755 | 2,352 | 0.020 |
Jersey Electricity | Philip Austin | 16 Jan 17 | 5,000 | 416 | 20,800 | 5,000 | 0.043 |
Murray International Trust | Marcia Campbell | 17 Jan 17 | 17,174 | 1157 | 198,703 | 22,900 | 0.018 |
Nature | Berend van Straten (ch) | 18 Jan 17 | 100,000 | 11.75 | 11,750 | 100,000 | 0.126 |
Nature | Berend van Straten (ch) | 18 Jan 17 | 174,000 | 12.5 | 21,750 | 274,000 | 0.346 |
Nature | Jan Vesseur (ceo) | 18 Jan 17 | 1,051,400 | 12.5 | 131,425 | 1,476,400 | 1.862 |
Nature | Maarten Smits (cfo) | 18 Jan 17 | 696,000 | 12.5 | 87,000 | 696,000 | 0.878 |
Pacific Assets Trust | Sian Hansen | 17 Jan 17 | 2,126 | 235.076 | 4,998 | 4,680 | 0.004 |
Qinetiq | Paul Murray | 16 Jan 17 | 9,418 | 263.98 | 24,862 | 65,495 | 0.011 |
Qinetiq | Paul Murray | 16 Jan 17 | 9,447 | 263.18 | 24,863 | 74,942 | 0.013 |
Safestore Holdings | Bill Oliver | 13 Jan 17 | 5,000 | 340.9 | 17,045 | 5,000 | 0.002 |
Safestore Holdings | Bill Oliver | 13 Jan 17 | 5,000 | 342 | 17,100 | 10,000 | 0.005 |
Scientific Digital Imaging* | Ken Ford (ch) | 12 Jan 17 | 250,000 | 13 | 32,500 | 1,250,000 | 1.407 |
Scientific Digital Imaging* | Mike Creedon (ceo) | 12 Jan 17 | 76,924 | 13 | 10,000 | 146,924 | 0.165 |
Shoe Zone♥ | Nick Davis (ceo) | 13 Jan 17 | 7,000 | 180 | 12,600 | 22,700 | 0.045 |
Tristel | F Soler | 16 Jan 17 | 2,500 | 150 | 3,750 | 10,916,334 | 25.759 |
Volga Gas♥ | Aleksey Kalinin | 13 Jan 17 | 4,800,460 | 49.5 | 2,376,228 | 44,420,460 | 54.828 |
Volga Gas♥ | Michael Calvey | 13 Jan 17 | 4,800,460 | 49.5 | 2,376,228 | 44,420,460 | 54.828 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
GB | Richard Linford | 12 Jan 17 | 20,000 | 289.96 | 57,992 | 300,000 | 0.223 |
Lindsell Train Investment Trust (The) | Rory Landman | 12 Jan 17 | 100 | 86500 | 86,500 | 100 | 0.050 |
LondonMetric Property | Patrick Vaughan (ch) | 13 Jan 17 | 163,711 | 152.1 | 249,004 | 13,613,789 | 2.162 |
LondonMetric Property | Patrick Vaughan (ch) | 16 Jan 17 | 68,671 | 151.32 | 103,913 | 13,545,118 | 2.151 |
LondonMetric Property | Patrick Vaughan (ch) | 17 Jan 17 | 96,215 | 150.21 | 144,525 | 13,448,903 | 2.136 |
LondonMetric Property | Patrick Vaughan (ch) | 18 Jan 17 | 171,403 | 150.02 | 257,139 | 13,277,500 | 2.109 |
Numis Corp | Oliver Hemsley | 17 Jan 17 | 2,364,254 | 244 | 5,768,780 | 7,000,000 | 6.190 |