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I'm only in here small just for beer money I got that now but I think it will continue the rise next week so am going to give it till Monday and look what to do after. But I still think 50/55 is possible in the coming next two weeks .
If it hit target today hammer I would sell 2/3rds of my holding and ride the rest. I've bought in size relative to my pot so naturally I would play safe and bank profits and leave a few for Monday...Purely on the chart even 40p barely shows any bounce at all yet for those in at 35p it would still be a very good profit
40p to buy now you might see your 42p by the end of the day but i think if you did you would still hold till next week
38 to buy
To be pretty solid to me plenty of none stop support, the odd profit takers easily absorbed and no drop in the price like normal. Bid up to high of the day. I'm looking for 20% because jury is still out on this company but 35p is too low for me but somewhere around 42-50p would be where I would offload and take a safe profit if it gets that high. Maybe in time it could recover and bag but I'm not willing to risk holding that long
we need more buying pressure then no stopping this
Lots of trades. Edging the right way. How long can it go?
Good news let's see if brings the confidence of people back into this company and we can get moving.
at about 25k each, that was a good idea imo cheers buzz
Plenty of late action. There seems to be a reprinting of large sales from the 2nd of Feb and this is reason the price has stalled at 35p but all the late buying volumes suggest a big push has cleared or almost cleared all this stock and I feel this level seems to be where they are happy to work the seller and I think they could be out now. Guess we will know if buys come in and either move price or nothing happens first thing in morning
Even the longest journey starts with a single step. Let's hope it's better tomorrow .
Have I got this right did we finish up today at 35.25 ? If so woohoo
I probably need to retype the calculation on the last line now I've reread it as I didnt proof read it, but you get the gist
I was looking into this share last night as I'm interested. One thing I found which may be of concern. In the finals last year they had cash of £6.6m as at Sep 30 2015, they since bought Aaron Heating for £6.7m and Lift Services for £5.5m, with possible other major payments of tax £1m & £2.7m contingent consideration payment in November 2015, divi of £3.0m but not paid yet, "will be paid on 8 February 2016" so where has the extra cash gone if they've drawn £23m this year to date from a ash balance at September of £6.6m and considering theyare strongly cash generative "Our revolving credit facility was undrawn at year end. At the date of issuing this report we had drawn £23m, principally to finance the purchase of Aaron Heating Services Limited and Precision Lift Services Limited, along with £3.4m for deferred consideration payments due to the former owners of Allied Protection Limited and H2O Nationwide Limited. We took the opportunity to renegotiate our banking facilities with Royal Bank of Scotland in December 2015 to secure a revolving credit facility of £45m (increased from £30m) for deployment in future corporate development activity. " So why the need to extend the credit facility, I'm probably wrong of course but it still needs answering 6.6 - 6.7 - 6.5 - 1-2 - 7-3 = -15 (-12 if divi not included), but facility drawn of 23, wheres the cash gone ?
Certainly injected some life into this. Got to clear the overhang and then it can bounce
today: "Lakehouse sell-off overdone OLD 2016 FORECASTS Earnings per share 12.4p Dividend per share 4.2p NEW 2016 FORECASTS Earnings per share 9.9p Dividend per share 3.5p Source: Peel Hunt A shock collapse in the share price of social housing specialist Lakehouse (LAKE) should be leaving investors scratching their heads. Based on earnings forecasts for the financial year to 30 September 2016, Lakehouse traded on a price-to-earnings ratio of eight before a trading update released on 1 February 2016. After the statement, when shares plunged 60% to 35p because of a slowdown in Lakehouse’s Regeneration division, the business now trades at three-and-a-half times earnings – even on downgraded forecasts. Either the market or the forecasts are wrong. The answer, in our view, is a bit of both and overall we are bullish on the stock. While it is possible earnings per share forecasts from house broker Peel Hunt will fall further from a revised 9.9p (down from 12.4p), we don’t anticipate Lakehouse facing the kind of existential threat its market value now seems to imply. This is a business with a high quality, well aligned management team, a reasonably strong balance sheet and a presence in markets that should be fairly predictable over the longer term. Management is a particular strength at Lakehouse. Executive chairman Stuart Black, former chief executive of market leading social housing and home care outfit Mears (MER), has set out a clear strategy to build the business via acquisition through the £23.1 million of funds raised via a March 2015 IPO, as well as a £45 million debt facility. Lakehouse has grown from a £50 million turnover business in 2009 when Black took the top job to a national contractor delivering £340 million in sales in the last 12 months. Founder and philanthropist Steven Rawlings, who is no longer involved in the day-to-day running of the business, owns 15.5%. And a number of current managers of the business also have personal shareholdings totaling at least 18%. Lakehouse’s balance sheet is not exactly the Rock of Gibraltar but it’s not dangerously weak either. Joining the market in March 2015, it started life as a public company with no debt and reported a net cash position of £6.6 million in full-year results reported in December 2015. Two acquisitions that totalled £12.2 million post-year-end may see the business move into a net debt position when interim results are reported later this year. It’s worth noting that Mears, operating in a similar market, runs net debt at around 1.4 time earnings before interest, tax, depreciation and amortisation (EBITDA), indicating considerable further borrowing capacity at Lakehouse, if required. Finally, Lakehouse operates in markets with recurring revenue, underpinned by government spend which is generally non-discretionary in nature. Housing regeneration, compliance with
I read on of AGM on Friday. Any clues if that may help or hinder the situation?
Am hoping this is the very bottom and within two weeks we start to see a rise, ok the RNS was not that good but this kind of drop i do not understand and with out a bounce back to +50
Virtually identical trading numbers and still a dip. Very very odd.
More like S#!t house.
Looks like a slide again.
It seems ridculously low though, in one day half the price just gone lol...just because of the trading update or what.excpectations were not met??. A lot of buys yesterday as well...i have not analysed much of the chart, since i dont have any money to put in here...but i guess it comes down to volume and buying pressure now
It would be if we had a little bounce back
Good morning to you as well... I am definelty watching this today...have no money to put in here.. But seems like a good stock to trade
Any one here today