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Good luck to you fundamental analysis am only going day trade on this beer money for the week end, and looking at the buys v sell it's looking good
Yep looks like this is overdone im in as well.
I can see this having a little bounce back i know the news is not good but i have jump in
what happened down 20 % since listing
on Saturday....this is the first time they've been mentioned by SCSW, so hopefully this means there will be full coverage of LAKE in a forthcoming issue. The valuation does seem to be a ridiculous anomaly on a forward P/E of 6.1 based on 12.4p and then 14.5p EPS per Peel Hunt.
Excellent article on LAKE here: http://www.stockopedia.com/content/stock-in-focus-can-lakehouse-deliver-on-ipo-promise-115602/ A 4.2p dividend and 12.5p forecast EPS, plus security of revenues going forward, makes LAKE a bargain buy at these prices imho. Mark Slater said this about LAKE in May: "Slater has been involved in a couple of recent IPOs, including social housing maintenance firm, Lakehouse. He said it has an experienced team, high margins, excellent visibility and high cash conversion. It could benefit from good growth drivers, such as outsourcing and regulation and there was scope for more accretive acquisitions: “It's interesting and relatively low risk".
...at sub 90p today GLA
The shares currently trade on eight times forecast earnings, and come with a 4.2 per cent forward yield based on Peel Hunt's forecast. Local government contract work leaves very little room for error, which may explain the knock-down valuation. But the group possesses good earnings visibility thanks to its £595m order book. We continue to rate the shares a speculative buy.
Shares are still falling. Figs look good? Now 2 price extensions, what is going on?
Peel Hunt have reiterated their Buy and 130p target: Http://www.risersandfallers.com/2015/12/10/lakehouse-plc-ord-10p-reiterated-as-buy-by-peel-hunt/ Given 12.4 EPS previously forecast for this year (which may now be increased), I'd have thought that target price will be raised at some point.
The 13.7p underlying EPS has absolutely smashed forecasts by 15% - and is well ahead of this year's forecasts too! The 1.9p divi is in line and also welcome. The outlook also looks very positive. Cash conversion is excellent. And margins have improved nicely. There are plenty of adjustments (IPO costs, non-core businesses disposed of, amortisation etc), but most of them look pretty reasonable and non-recurring to me.
For the Results. Should reach £1+ before results. Nice growth stock looks undervalued
:)
£1 soon enough,happy days.
Showing as sells,someones loading up.
...nice & strong now... 'So I think you got away with that one chris100 ;-) Best regards, Blue
Cheers FG. I hope I didn't freak anyone out lol.
No problem......you got to be vigilant with any share no matter how safe you think it is.if there's a mass sell off now we can all point the finger to your post lol.
FG - You're probably right. Just got a bit panicky yesterday, probably need to get away from my PC lol. I only had a small holding and I may well buy back in as it looks dirt cheap. BTW, didn't mean to post here - I responded to your post on XLM. Not sure why it came up here!
Think you have jumped the gun,lake house are the ones who drew attention to the issue.why sell ?.
Correction - it's actually not a legal dispute, but a fraud probe.
I sold out of LAKE yesterday, though I might regret it. There is some legal dispute going on with Hackney council, though it's probably nothing to worry about.
Adding,good sign.
Good to see both Zat' & Family' coming on board here... If they are 6 months after the Interims' then I'm guessing 'Finals will be announced at the End November... Best regards, as ever...
True buddy. Hoping this will move soon. Dividend to be announced on finals. Any ideas when finals will be released as i cant see anything under financial calendar on website?