Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Good news for LPA... RNS RNS Number : 9202E Department For Transport 16 April 2014 Government confirms £2.7 billion deal to build new state-of-the-art trains Nearly 500 new carriages will be delivered to boost passenger services between London and Scotland The transformation of rail travel on the key intercity route between London and Scotland has taken a major step forward after Transport Secretary Patrick McLoughlin confirmed today (16 April 2014) that funding had been secured to build a new fleet of state-of-the-art trains. Under the new £2.7 billion contract, nearly 500 new carriages will be manufactured at Hitachi Rail Europe's purpose-built factory in Newton Aycliffe, County Durham, in a deal that will create hundreds of local jobs. The Class 800 trains will start running on the East Coast Main Line from 2018 as part of the government's £5.7 billion Intercity Express Programme (IEP). The new trains will provide significant benefits to passengers, with 19 per cent more seats on each train, reduced journey times between London, Leeds, Newcastle and Edinburgh by up to 15 minutes, and improved reliability. Transport Secretary Patrick McLoughlin said: "We are building a world class rail system and the Intercity Express Programme is a key part of that. "These new trains will transform rail travel between many of the great towns and cities of England and Scotland. This deal is further proof that our long-term economic plans are on track, creating jobs and breathing new life into the UK's train-building industry." The Intercity Express Programme will see a total of 866 carriages manufactured at Newton Aycliffe for use on the East Coast and Great Western Main Lines, creating 730 jobs locally. In addition to the 497 carriages confirmed today for the East Coast, a further 369 carriages will start to run on the Great Western from 2017. Funding for these carriages was agreed in 2012. The contract to deliver the carriages has been agreed with Agility Trains, a consortium of Hitachi Rail Europe and John Laing. As well as building the new manufacturing facility at Newton Aycliffe, Hitachi will construct maintenance depots at sites including Bristol and Doncaster, and is refurbishing and upgrading depots across the Great Western and East Coast Main Lines. Hitachi recently announced its plans to move its global rail headquarters to the UK, further underlining the confidence in the UK economy and rail market. Alistair Dormer, Hitachi Rail Global CEO of Hitachi Ltd, said: "This is an important milestone in the delivery of Class 800 series trains for the East Coast Main Line. Hitachi Rail has been working closely with the Department for Transport, train operators and passenger groups to design the new trains. We are delighted that the success of the programme to date has attracted interest by world-class financiers and we look forward to building these trains in our new man
good times ahead for LPA with governent funding for future projects.Good luck all! from georgie greig
Yep good point. From finals....first two paragraphs of chairmans statement has some good bullish points about future. Will see what growth occurs from here....worth watching.
I've been looking into LPA a little more and I feel like it may look like more attractive a prospect than it really is due to the one-off sale of Tudor Works. If it was not for that sale the results would have painted a very different picture, and the chance of the fantastic 100% rise in profits can be replicated next year looks unlikely. Please correct me if I'm wrong but would the above point I've made explain why LPA looks undervalued / why the share price isn't higher than it is now?
I covered free cash flow on my financial analysis page. It's cash left over after investing activities on cash flow statement....price to free cash flow is considered a more reliable indicator of valuation than the pe ratio as cash cannot be manipulated as easily. It's not full proof but I find it very useful....not in LPA as money elsewhere....but on radar.
Shan, What's the typical price to free cash flow ratio? Sorry but I'm unfamiliar with the metric. Considering you think LPA is very undervalued do you intend to buy in? If so what holds you back - do you see a dip in sight? Trev, Hello my fellow SYQ investor, I could say the same to you! Haha Yeah LPA looks good from what I can see. I just need to do more research tbh. Unfortunately got some pesky exams next month which is getting in the way (oh and the job of course) but I'll see what I can do :)
Very undervalued here. Price to free cash flow ratio of approx. 5. Well done all...not in here but all the best.
Good to see you on this board Dan, you certainly get around. Seems like a good honest company here with future earnings looking promising.
of late. I know that many of the posters I really respect are big fans of this so I have no idea why I've never bothered researching it that much but it looks good here even if I have missed the recent rise. Will let you know if I buy in, and well done to you all :)
issue of equity but only 5k shares. should be okay
Fundamentals always looked great here, deserved rerating in my opinion
over past couple of weeks, and up another 6p today before 0900
About to tick upwards again! GLA:)
And few shares on offer... She can easily move in either direction a little volume! Great Rns!
6 March 2014 LPA GROUP PLC ("LPA" or the "Group") AGM Statement and Trading Update At the AGM of the Group, to be held at 12:00 p.m. today, Michael Rusch, Chairman, will make the following statement regarding current trading: "Ladies and gentlemen, in my statement included in the 2013 Annual Report I said that the current financial year had started quietly, but that routine orders had been building up, an order entry of GBP2.5m had been achieved in December and further significant orders booked in January. "I am pleased to report that in the three months ended 28(th) February, order entry exceeded GBP6m, an annual running rate of GBP24m. Significant orders received in the period include: GBP0.8m of components for a UK refurbishment project; an initial GBP0.7m of jumpers and lighting for the very large Intercity Express Programme ("IEP"); and GBP0.7m of ethernet jumpers for a UK refurbishment project. In addition, during February, we were selected and have received a letter of intent to supply GBP1.2m of LED based lighting for a double deck high speed train for French Railways. Delivery of all these projects will commence this year. Since September the order book has increased 35% to GBP8.8m, but still does not include the bulk of IEP, the French Railways project noted above or any significant orders in respect of the three other major long term projects, mentioned in my statement and for which we have been selected. "After the quiet start, we will be playing catch up for the rest of the year, becoming increasingly busy as the year progresses and in to future years. "Refurbishment of the 'new to us' Shire Hill, Saffron Walden facility is progressing well and we expect to complete the relocation from Tudor Works (allowing delivery of vacant possession and triggering payment of the final GBP1.3m of consideration) during the summer. A link to a 'time lapse' record of progress with the refurbishment can be found on our website at www.lpa-group.com. "Plans for a major extension to our LED lighting facility, in Yorkshire, are well advanced and construction is expected to commence when the Saffron Walden project is complete. "We approach the middle of a very busy year, much encouraged and look forward to the future with confidence." ENQUIRIES:
Waiting patiently for news. Any news anyone? Am convinced this is a nice place to park investor type cash. Investments based on maths not air.
Still have my small shareholding bought just over a year ago, and showing a nice small profit.close to 20p. Things do look quite rosy and last months RNS was certainly positive.Sorry for delayed response.
tks...still waiting for my top up here lol ...cracking company beautifully positioned in growth sector...and its low EV/rev and EV/gross profits suggest it has built a platform that needs to be exploited (investors are still holding off until they see the earnings come through)...I don't see admin costs rising in line with revs... so massive operational leverage /op margin expansion imv....if the contracts are secured! ..no advice intended
Some comment that may interest others taking a look. http://www.privatepunter.co.uk/Behind-the-Scene/more-thoughts-on-lpa-6-february-2014
This news reflecting on LPA......... IMO,,,,,,,fill or kill only now on TDW :-( http://www.telegraph.co.uk/finance/newsbysector/transport/10620990/Bombardier-wins-1bn-Crossrail-train-contract.html
After 3 days of trying finally managed to buy some of these online will continue to add where I can. I like these small off the radar value companies especially when you get a dividend.
Some thoughts that may appeal to others taking a look here. http://www.privatepunter.co.uk/News/lpa-brady-23-january-2014
and OMG "Basic earnings per share 15.47p (2012: 6.37p)" Blimey that's superb growth! LPA is massively undervalued right now. As always though - if only I had the funds ....
I have to say, from my limited time looking at Jolly-recommended stocks, he often calls it right and yet - so far - I don't think I'm invested in any of those companies yet haha! REDT is definitely high on my wish list though!
You were correct months ago...a nice little company and todays results show it heading in the right direction..