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Home / Momentum / LondonMetric Property (LMP.L) 25-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

LondonMetric Property (LMP.L) 25-10-19

Will LondonMetric Property (LMP.L) continue this relentless rise, setting new highs?

 

  • Currently trading at 227.6p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -1% from 12-month highs; +31% from 12 month lows.

Latest News

14 Oct:  LondonMetric announced that it had disposed of a distribution warehouse and office for a combined £11.6m, both at a premium to book value.

19 Aug:  LondonMetric announced that it had agreed to purchase a warehouse for £24m.

08 Aug:  LondonMetric announced that it had acquired a 298,600 sq ft distribution warehouse on the south coast for £17.8m.

22 Jul:  Patrick Vaughan, Chairman, sold 650,000 shares in the firm on the 19th July 2019 at a price of 206.50p. This Director currently has 11,600,000 shares.

04 Jul:  Peel Hunt reiterates its add rating on LondonMetric Property (LMP) and increased the target price to 230p (from 190p).

19 Jun:  Martin McGann, Financial Director, has transferred in 46,080 shares in the firm on the 18th June 2019. This Director currently has 2,806,775 shares.  NOTE: Vesting   ovided…

19 Jun:  Martin McGann, Financial Director, sold 21,723 shares in the firm on the 18th June 2019 at a price of 208.62p. This Director currently has 2,785,052 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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