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The recent decline is most probably due to sterling's strength against the US$. Having said that the fall seems way overdone for this to be the only reason. Probably US hedge funds shorting in tandem.
Or someone is closing a short before the event with a bit of help from a few friends........Who knows? All the A trades seem to reflect that possibility. Laird are in a growing market and we will soon find out the score, perhaps tomorrow or Monday! GL guys
Either apathy or someone is illegally leaking inside information. There have been no official management statements!
Great !!!...just before the Final Quarter and full year results...leaky ship ?...market is indicating we are due some disappointment then...
Apathy rules!!! I assume that Laird still have a management team or have they all gone to the moon??? Does someone have insider (illegal) information about year end results or are we seeing investor apathy on no news???
Totally agree. Management have not indicated any problems since last update which was very positive. Full year update is anytime now and Laird have made enormous progress on all fronts since Rights issue + all nomads have target prices 50 to 60% more than current pricing. There dont seem to be any short positions so whats the problem? Anything mere mortals like me dont know? No negative press but also no positive press recently. Why are management so quiet?
Totally agree. Management have not indicated any problems since last update which was very positive. Full year update is anytime now and Laird have made enormous progress on all fronts since Rights issue + all nomads have target prices 50 to 60% more than current pricing. There dont seem to be any short positions so whats the problem? Anything mere mortals like me dont know? No negative press but also no positive press recently. Why are management so quiet?
Well my prediction on the SP once the insiders stop manipulating things is 250p by mid 2018. This is based in £1billion turnover, £80million profit for year ending 2018. That would give about 16p EPs and p/e of 15. This is just my opinion based on management outlook at the last trading statement. Always do your own research and GLA....
I agree the recent declines in SP don't make sense. Surge in Sales, outlook positive from last update and no warnings SP should be much higher IMHO..
Increasing profits - really positive outlook and Laird get hit because Ford sales drop 5% - but Ford changed direction back to gas guzzling Pickups.. Rising fuel cost have once again applied the brakes gas guzzlers� what about the other manufactures that didn�t go down the route of large capacity motors. US economy is on the up � tax reduction � more money in the pocket of individuals and companies. What about IOT and other tech driven innovations � Laird are leading on so many technology fronts all non-automotive. IOT really pickup momentum and Laird is there
At this price, it is worth a punt. Could be the lull before the spurt
Due next week, hopefully it might provide a kick in the right direction for the sp but the market seems to be indicating otherwise. Nearing in on 12 month low of 131p. Disappointing sp performance over the last 12months considering the improving fundamentals.
More shenanigans on the SP today on no news.???
Moniman, you are right on cost reduction and last report was bullish on the turaround so fingers x. At �1.35 to �1.40 it is a buy The $ has actually slumped against the � so Dollar earnings being converted (and Laird has lots of $ earnings) will need more $ for each � I think you now need $1.37 for every � as opposed to $1.24 a few months back so a possible reduction of 10% on top line can have a massive effect on bottom line. Anyway, they also have costs in $ and staff etc overseas so there will be some set off.
Imagination technologies was more relating to use of IP rather than hardware. I doubt that Apple could even develop the sort of Hardware Laird provides. I thought that Samsung uses Laird technology in their devices also. Turnover actually improves when the pound slumps as dollar revenues get converted back. Laird should be pushing towards a £1billion turnover for 2017 and costs ae being heavily targeted according to last update. Let's hope results live up to expectations....
Added at �1.3850 as expect shares to be �1.60 by month end and update from Laird
As far as I am aware Samsung does not source much from Laird and the main income for Laird is going to be from Driverless vehicles and the IT they supply to Industries in non connected protocols. The Apple usage of Laird products is a blessing but also a threat like Imagination Technologies. The fall in $ against other currencies affect Laird earnings but the market has been harsh. Also no takeover so far but the shares ought to hit �1.60 by the month end based on current earnings. After that there dont seem to be much to power the shares except a possible takeover
Why???
Dont think so
https://www.express.co.uk/life-style/science-technology/904477/Samsung-Galaxy-S9-release-date-MWC-2018 Could this be some good news for Laird???
The malaise Continues into 2018. When is the next trading update??? Weak Sterling should be good for overseas earnings and profits I would have thought? Maybe Chinese will put shareholders out of misery with a hostile takeover???
Interesting trading at 9.50 today. Someone traded a million shares at 141p showing as a buy therefore we can assume there was a seller. This is an unusually large individual trade for Laird??? Always makes me wonder why someone wants to buy a huge number of shares that someone else is trying to offload??? based on what information???
Let's hope the results show further trading improvement and sales may be getting closer to £1 billion. Although profit warning last year sales have continued to grow at decent pace.
I am afraid the info is fairly ancient (2015) when shares were trading at 300p + and since fallen back with profit warning and discounted Rights issue. Do we know if their technology is ahead of the curve or another tech company will surpass . The jury is out and nobody has made a bid. wonder where they go? from here on
https://www.lairdtech.com/solutions/embedded-wireless/understanding-enterprise-internet-things