Overview
Alina Holdings (formerly Local Shopping REIT : LSR) initiated a programme in July 2013 to dispose of its property assets. Having sold the bulk of its properties and withdrawn from the UK REIT tax regime, in September 2020 the company adopted the new investment strategy. Its objective is to identify and acquire interests in potential target businesses capable of delivering long term value for its shareholders. Alina Holdings will seek to:
- operate acquired businesses to generate value for shareholders through operational expansion and improvements, as well as potentially through additional complementary transactions; and
- to carefully monitor our investments and influence development and capital appreciation.
- continue to actively manage its current property portfolio alongside the new strategy at least until the current uncertainty overhanging the UK property market has ended.
Fundamentals
Price
Research History
-
10 Mar 2020 12 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
-
18 Sep 2019 7 min read
QuotedData’s Real Estate Roundup – September 2019
Real Estate Roundup Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]
-
10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
News
-
11 Feb 2020 1 min read
Local Shopping REIT plans to regrow business
Local Shopping REIT said it will shortly announce a new investment policy with a view to growing the business after years of gradually selling off its portfolio. The company’s former investment policy was to dispose of its assets in order to repay debt and return any surplus value to shareholders. The company last year fended […]
-
17 Apr 2019 1 min read
QuotedData’s other news – 17 April 2019
QuotedData’s other news – 17 April 2019 AVI Japan Opportunity (AJOT) announced this morning that based on a conviction that there is still a significant amount of unlocked value in quality over-capitalised smaller companies in Japan, it is considering raising additional capital through a share issue. AJOT floated in October 2018 and by February this […]
-
1 min read
Local Shopping REIT recommending rejection of Thalassa offer
Local Shopping REIT recommending rejection of Thalassa offer – Local Shopping REIT’s (LSR) board has this morning announced that any shareholders who have accepted an offer from Thalassa Holdings will be entitled to reverse their decision from 1pm onwards today. LSR’s board is against the sale of the company to Thalassa as they believe shareholders […]
-
12 Feb 2019 1 min read
Local Shopping REIT updates on property sales programme
The Local Shopping REIT (LSR) has provided an update on its Property Sales Programme. Since its last update, LSR has sold or exchanged contracts for sale on 6 properties for an aggregate price of £0.93 million, representing a 1.1% discount to carrying value before sales costs. It says that, of these, 3 properties were sold […]
-
06 Feb 2019 2 min read
Thalassa firms up Local Shopping bid
Thalassa firms up Local Shopping bid – Thalassa will offer a total of GBP9.0 million in cash and approximately 16,000,000 Thalassa shares in exchange for the 61,484,576 Local Shopping REIT shares it does not already own. The offer will also include a mix and match facility which will allow Local Shopping REIT shareholders to elect to vary […]
-
09 Jan 2019 1 min read
Thalassa makes possible offer for Local Shopping REIT
Thalassa makes possible offer for Local Shopping REIT – Thalassa says that it did not support Local Shopping REIT’s member’s voluntary liquidation in December 2018 for reasons that Thalassa has set out in previous announcements, most recently on 10 December 2018. On that date, Alliance News reported that “Thalassa said it was not meaningfully consulted by […]
-
13 Dec 2018 1 min read
Local Shopping REIT says liquidation blocked
Local Shopping REIT says liquidation blocked – The Local Shopping REIT has announced that the special resolution to, amongst other things, wind-up the company voluntarily, proposed at the general meeting held yesterday attracted the support of 61.87% of the votes cast. However, the resolution did not achieve a majority of 75% of the votes cast required […]
-
10 Dec 2018 2 min read
Local Shopping REIT makes significant progress with property disposal programme
The Local Shopping REIT has announced its final results for the year ended 30 September 2018. During the year, the Company made a loss of £7.15m (2017 loss £0.86 million) on an IFRS basis but made significant progress with its property disposal programme. As at 30 September 2018, the company’s portfolio was valued at £22.3 […]
-
11 Oct 2018 1 min read
Local Shopping REIT may be worth 34.5p per share
Local Shopping REIT may be worth 34.5p per share – The Local Shopping REIT has sold or exchanged contracts for sale on 36 properties since its last update, for an aggregate price of £5.8m, a 1.1% premium to carrying value before sales costs. 16 of these properties were sold at auction, mainly in September. The aggregate sale […]
-
19 Apr 2018 1 min read
Name change for investment adviser of Local Shopping REIT
Name change for investment adviser of Local Shopping REIT – The Local Shopping REIT (LSR) has the objective of building a portfolio of properties and letting units in the convenience shopping market. The directors of The Local Shopping REIT have announced that they have been informed by the company’s investment adviser, Internos Global Investors Limited, that […]
-
12 Dec 2017 2 min read
Local Shopping REIT to continue with piecemeal liquidation
Local Shopping REIT to continue with piecemeal liquidation – Local Shopping REIT has released results for the year ended 30 September 2017. The highlights are: IFRS Loss for the financial period of GBP0.86m or 1.04 pence per share (2016: Profit GBP0.63m or 0.76 pps). Adjusted operating profit for the period of GBP1.26m or 1.5 pps […]
-
12 Dec 2016 2 min read
Local Shopping REIT focused on piecemeal portfolio realisation
Local Shopping REIT’s results for the year ended 30 September 2016 show that it made sales worth £5m over the year while the reminder of its portfolio was valued at £75m at the year end. The fund is in wind up mode and they say that their preferred approach was to dispose of the remainder of […]
-
17 Dec 2015 2 min read
Local Shopping REIT targeting completion of asset disposal by end of 2017
The Local Shopping REIT has announced its annual results for the year ended 30 September 2015. Profit for the financial period was £0.02m or 0.02 pence per share (2014: £1.21m or 1.5 pence per share). However, this marked drop reflects the sale of two of the Company’s property-holding subsidiaries, NOS 2 Limited and NOS 3 […]
-
18 Dec 2014 1 min read
Local Shopping slashes debt as disposal programme progresses
Local Shopping REIT managed to generate an NAV uplift of just 1p per share (from 41p to 42p) over its accounting year that finished on 30 September. LSR adopted a policy of selling off its portfolio and returning proceeds to shareholders in July 2103 and has made some progress with this over the year. It managed […]
-
22 May 2014 1 min read
Local Shopping REIT : LSR – half year results
Local Shopping REIT has released its results for the six months ended 31 March 2014. The net asset value rose from 41p to 43p during the period while the adjusted NAV (excluding liabilities arising from derivative financial instruments) rose to 49p (corrected by LSR on 23 May) from 48p. Property values in the portfolio rose by 0.1% on average. […]