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Apols for the prior post on PEG - wrong thread!
Nice coverage in today's Mail market report: Http://www.thisismoney.co.uk/money/markets/article-3831149/MARKET-REPORT-BP-rises-boss-vows-protect-6-dividend-predicting-oil-price-stay-53-year-come.html "STOCK WATCH - PETARDS GROUP Petards Group makes security and surveillance systems. Yesterday the AIM-listed firm revealed it had won a contract to supply Great Western Railway in a deal worth around £6million. Petards will fit its eyeTrain CCTV units to the group’s trains. The technology aims to protect travellers and staff. The systems are already used on Virgin West Coast, National Express East Coast and First Great Western trains. Work is scheduled to complete by the end of 2018. Shares climbed 17.7 per cent, or 2.75p to 18.25p."
Peel Hunt reiterate their Buy and 275p target: Http://www.thecerbatgem.com/2016/10/10/lavendon-group-plc-lvd-given-buy-rating-at-peel-hunt-2.html
Dannyb2017, yes I`m a bit put off getting back in to these because of the wide spread...9p this morning, thats too much of a % to be comfortable with. What they do eventually each day is move either the bid higher or the ask lower to close the spread, but it doesn`t seem to meet in the middle of the opening spread. So whichever they start to move you can usually see the price closing closer to the opposite end of the widest point of the days spread rather than the mid point. ie today looks like they`ll take the buy price down and leave the sell where it is, so if my theory is right the sp should close closer to 130p than 139p.
Yes, point taken ---thanks . Perfect double bottom reversal indeed ----- Dow fell over the cliff edge today --- markets here may be a sea of red come monday morning . I will be eagerly watching the Futures when they open sunday night as i went long the Dow just before trading closed !! -- GL ----
Down to 131 at close today. I expect it to plummet Monday
Hi Hottentot, thanks for the reply. You say... i'm sure there must be a name for that pattern if not a inverse H&S. There is, its called a `double bottom`, as I explained. This should help... http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_reversal
Yes --- may have made a slight boo-boo on the pattern there but i was more impressed with the test & retest of the 109/11p in july and august with those 121/122p ish tops in between -----( i'm sure there must be a name for that pattern if not a inverse H&S , if there isn't , then there should be (lol) as it's a perfect chart pattern ) I think we pretty much agree on the rest !!!--- Momentum stochs. & other indicators are still pointing south atm. You have done very well in your trade , i wish i had been alerted to it before (lol) . I don't hold any but was just posting here in response to a mention on the Barcs board . GL ----
Hottentot, I think you may have your chart patterns mixed up, it was an almost perfect `double bottom`, not a reverse head and shoulders. It was ONE of the reasons I bought at 112.5p `hoping` that it was the early sign of a double bottom developing, with its completion target at c142p ish! Around 109p bottoms and a middle peak around 126p. My first target was the middle peak, which thankfully it hit the day after I bought! ( I don`t normally time it that well). A reverse head and shoulders should have three `upside down` peaks (troughs) with the middle one (head) lower than the ideally equal other two, the shoulders. I have now sold at the completion of the pattern and the ex dividend date banked aswell. As you said earlier there looks to be a retrace on the cards with daily stochastics looking overbought for now. I`ll be watching closely for a buy back in if indeed it hits 125p again.....if it doesn`t and carries on up from here then so be it, I`ll be happy with a profit and move on to the next trade. Good luck.
Also why is the buy and sell price so far apart ? Some days it's 6 points
I was going to buy in 3 weeks ago at 110.... If only I had... 6 grand richer I would have been
Mention the almost perfect reverse head & shoulders between early july & early august --- GLA ----
Bit of a classic recovery going on atm. from a 5 times tested 109/111p low in july & august --- 150p will be a big hurdle --- 125p looks to be a good level that it needs to hold now on any small pull- back and a good level to get in at if not already in ---- Onwards and Upwards from there ---- Just dropping back from a little overbought on this leg --- But has real potential ----- in my view anyway . JMVHO --- GLA -----
Tipped by Paul Scott (again). I took a position after looking at the numbers. Long Term hold for me though. It's only weakness appears to be a reliance on Saudi Arabia for revenue.
`Sentiment in the industry is changing with a £3 000 000 investment here just last week`....upsndowns33. No, as previously mentioned this was a rollover, first a sell and then a buy back of exactly the same amount 3 minutes later! Lets call it a `re-investment`! Not new money.
Https://uk.finance.yahoo.com/news/buy-climbers-today-results-104049339.html "Power profits Lavendon Group (LSE: LVD) shares have been in a bad patch, losing nearly half their value since March 2014. But they've been creeping back in anticipation of today's interims from the supplier of powered access equipment, and are up a very nice 8.5% to 136p on the day. We saw double-digit rises in underlying figures across the board, with revenue up 13%, pre-tax profit up 10%, earnings per share up 12%, and the halfway dividend got an 18% boost. It was nice, for a change, to see a company report not warning about post-referendum uncertainty -- Lavendon does get some of its business from EU countries, but around half comes from the UK and it's big in Africa and the Middle East. A rise in net debt to £149.7m (from £119.9m) does concern me, though the company says that reflects its investment programme over the half. Still, such a high level compared to annual revenue does take a bit of the shine off an otherwise very low forward P/E of 7.3 this year, rising a little to 7.5 for 2017. But on the plus side, in addition to that lowly P/E, we're seeing 4.3% and 4.5% dividend yields forecast for this year and next, which would be more than three times covered by earnings. Lavendon is also a strongly cash-generative business, which is a good indicator that it should be able to handle its debt level. I'm inclined toward bullishness on Lavendon, and I can see the shares continuing their recovery over the next couple of years."
Not showing correct range here as usual. Halifax showing 130-135.75
Don't look for the massive movement up here it's not AIM. If you invest here expect to keep your money as this is an established revenue driven company producing a great dividend. It's not a gamble here like other shares. We have bottomed out and it's a great entry point to see your investment grow and get a dividend. Short term I hope to see us at £1.60 and medium term we should be above £1.80. With performance to date we shouldn't have a problem returning to these levels.
Showing a good reaction to another set of great rusts from the company. New level to be found before returning to fair value.
Excellent H1 results, so with the usual H2 bias the confidence in the outlook about achieving 18.6p EPS forecasts is justified. The 2p interim dividend payment looks well ahead of 5.8p annual divi forecasts if I'm not mistaken based on last year's split. Debt is up, but the Balance Sheet is strong. Great ROCE too. And LVD will benefit in H2 from currency movements. Can't ask for much more than this.
We have been unfairly dragged down by the poor performers in our sector. I think it is now confirmed over the last 2 years that we can perform more efficiently than the others to become the market leader in the sector. I would expect in the medium term now the success has been proven that we return back to £2.00 where we were at the start of the year.
I would hope based on our results we move beyond this level. I don't consider this to be ramping but the beginning of the return to fair value.
Cracking results yet again, now let this get some true value here. The company have produced year on year and the dividend has again increased by 18%. Come on what else does the market need to get. I've seen penny share jump 100% based on speculation. This company is established and earning more and more each year. The revenue continues to grow. The fleet has been updated so there is no more funding required. Let's correct this and bring it closer to ALL broker ratings above £2.
On checking previous RNS's I would imagine the company will issue the half year results on the 30th August 2016, the first day of trading next week. I hope today is the last time we see this discounted price and we see a re-rate back to a fair level. As previously stated an II bought £3,000,000 of shares just last week.
The company results should be due this week or by Monday next week. The results are expected to be better than last year which will prove growth year on year. The exchange rate has been beneficial to the company so they may come in better than first predicted. They usual come with the dividend date. Sentiment in the industry is changing with a £3 000 000 investment here just last week. Should be a good end to the year for Lavendon. All brokers are a buy ranging from £2.30 to £2.70. Lots of upward movement to come.