LondonMetric Property (LMP.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

• Now trading at 236.4p (at time of writing), momentum has been robust.
• Will it end, or is this trend your friend?
• Is this the opportunity for momentum traders?
• Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
• Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
• Shares -0% from 12-month highs; +36% from 12 month lows.

Latest News

14 Oct:  LondonMetric Property announced that it had sold a distribution warehouse and an office for a £11.6m; this is at a premium to book values.

19 Aug:  LondonMetric Property announced that it had reached an agreement to acquire a warehouse for £24m, providing a yield of 5.2%.

08 Aug:  LondonMetric Property announced that it had bought a distribution warehouse on the south coast for £17.8m, giving a net income yield of 9%.

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.

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

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