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Yopa – accounts filed, but the numbers don’t add up for LSL Property’s investment. Was it £20m or £15.6m?

By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 15 October 2017

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I commented the other week on an RNS from LSL Property (LSL) announcing at 6.05pm on a Friday that it was pleased to announce that it had lobbed £20 million into the online hybrid estate agent Yopa Property Limited for a 17.3% equity stake. If it was that pleased, why announce it late on Friday evening when everybody has gone home? In any case, was it £20 million, or was it £15.6 million?

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