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Looks to me as one of ii's has upped their holding by 5 mill. shares. That's one way to get the average down!!. D.
Hand forced this morning sir forgot it was half day trading + missus wants me to take her shopping ' again ' In at 52.72p it will probably show as a sell. D.
16:10 53.75p 1,000,000 £537,500 Sell 11:22 53.75p 500,000 £268,750 Sell 16:40 53.59p 200,000 £107,181 Buy 10:36 53.50p 100,000 £53,500 Sell 11:03 54.00p 75,000 £40,500 Buy 10:00 54.25p 56,000 £30,380 Buy 14:48 54.00p 50,000 £27,000 Buy 13:38 54.00p 50,000 £27,000 Buy
Still quite a bit of selling going on seems to be bail out time for some. On the face of it appears to be a reasonable buy in price but I've learned through bitter experience that when your absolutely certain a share price can go no lower it usually does. Let's see what tomorrow brings. D.
Bloke's bloke share this one not for the faint hearted.
As for the CEO leaving he seems to move around quite often and his pay packet is probably double what he is getting here.
A current valuation of 8x earnings is far too low. A fairer P/E of 15 puts the SP at 90p+ and more in line with the 100p reiterated yesterday.
I see the old head honcho ( well he's 53, I wish ) is staying put till April so no major vacum on the leadership front till the new guy/gal takes the helm. I know he's resigned his position but he's still on the board till he leaves in April. I've been re-reading this year's trading updates and up till the half yearly rns in July they were mostly positive. The first sign of any negative reporting was in October when the share price was unceremonially chopped 20%. For what I can see the December rns was only the reiteration of what they reported in October but once again chopped 20%. No doubt some of this month's drop was due to the resignation of the top man, whatever it all seems a bit overdone to me. Looking to get in slightly south of where it is right now, hopefully tomorrow. D.
Why are you even here commenting if you don't like the company and are not interested? It was one of their better articles and the Sterling activist increasing stakes here is very important.
Think you should have said Motley very foolish - to put it mildly. They recommended LWB on Saturday only for this to crash on Wednesday. Suspect there are many Motley turkeys (readers) who took a punt after reading Saturday's article only to be stuffed just in time for Xmas. Not one to follow IMO (Motley and LWB).
Even though the company now expects to miss City expectations for growth for the year, it’s still on-track to grow pre-tax profit substantially year-on-year. For the fiscal year ending 30 November 2016, the firm reported a pre-tax profit of £26m. So, even if profit comes in at the low end of expectations for 2017 (£30m), it is still set to grow by 15% year-on-year. And according to my figures, after today’s declines, even with a lower level of profitability, shares in Low & Bonar are trading at a deeply-discounted multiple of around 8.5 times forward earnings. The shares also support a dividend yield of 4.9%, covered twice by earnings per share. But it’s not just the low valuation that attracting me to the shares. The company has recently gained the attention of an activist hedge fund Sterling Strategic Value Fund SA. Sterling claims to “work together with management and other shareholders to initiate change in a concentrated number of companies.” At the beginning of December, Sterling hiked its interest in Low & Bonar to 10.9%, from 6.9% previously, which indicates to me that the firm is looking to shake up the materials business to unlock value for shareholders. https://www.fool.co.uk/investing/2017/12/20/why-im-trying-to-catch-this-falling-knife-after-todays-20-slump/
Crazy. Trading below book value. 5% dividend £76m headroom on banking facilities EBITDA of £51m !!! Profit before tax and amortisation of £30m I have some from 65.9p and some more today at 53.25p. Looks like one party has dumped a huge quantity of shares today at a price which that seems crazy low.
As of 31/5/17 Assets £502M Liabilities £296M (of which current £85M) Net Assets £206M oldbadger - this is ticking most of the boxes don't you think? Low P/E of just 8 High Dividend yield of 6% Dividend cover of 2x earnings Trading BELOW book value now China expansion April 2016 British company opens £26M production facility in China - £26 million investment brings advanced technology to region - Changzhou facility will eventually employ around 100 people
A bit of a double whammy today. They must have known for some time their top man was head hunted if we know already who his replacement is !!!!!!! You put me on to this some months ago when it dipped into low 60's it's been on my watch list ever since. Anyway fall looks to be vastly overdone as usual so time to watch very carefully before pulling the trigger. D.
Low & Bonar PLC LWB Peel Hunt Buy 54.38 67.75 100.00 100.00 Reiterates
With the change at the top and this big drop a hostile bid could come in imminently.
if it goes abit lower.
Good analysis Mulder. I bought into LWB at 87p, then it dropped to 67p. Yesterday, I bought another 10000 at 67p in an ISA and today it drops to 53p. I really thought it had reached the bottom and would be on the rise. No reason for it not to recover...I hope!!!
The revised profit guidance is only a slight miss yet the SP is down 20%. Profits will still be higher than last year. The new CEO has a good CV and has worked for Shell. A P/E of 8 is very cheap. Great dividend yield covered twice by earnings. This company is heavily involved in the construction of stadiums for next years World Cup. NAV/book price is circa 62p so trading BELOW book value.
Another profit warning and resignations . Any thoughts on future ? Used to be a safe haven and now only slightly involved here having dipped out in summer . Back in at these levels or avoid ?
slowly up.. nice trades
With high volume
Institutional investors see good value here http://www.lse.co.uk/share-regulatory-news.asp?shareprice=LWB&ArticleCode=6w3p9o2f&ArticleHeadline=Holdings_in_Company
Good day so far
Big trade