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19-Oct-17 Buy Trade Notifier Information for Low & Bonar Mike Powell 70.9 GBX 14,000 50000
IC View The trading update nearly put our buy call under water, but we back the group�s long-term growth potential characterised by � among other things � the ongoing production ramp-up at its Changzhou plant in China. Buy. Last IC View: Buy, 72p, 2 Feb 2017
Berenberg Buy 68.38 67.25 105.00 17th Oct
Peel Hunt Buy 67.25 79.75 100.00 Reiterates
Barely trading above the book price now.
A share like this is normally trading at 15x earnings which would put the SP around 90p - hit earlier this year.
Low & Bonar's board continues to expect the group to show good progress overall for the year to the end of Nov. The group said the building & industrial business unit continued to perform as expected during the second half, benefiting from a focused approach to niche market segments. It said that end markets, particularly in North America, remained positive and the board expected this business to show strong year-on-year progress. The group said it remained on track to complete the sale of the Lokeren based Agro-textiles operations. An update continued: 'Interiors & Transportation's solid performance has continued through the second half. 'Strong sales growth in China, with increasing demand from local customers, has generated good returns from the Changzhou facility. Price increases implemented in the first half are also benefiting the second half performance. 'With operational issues in Coated Technical Textiles now firmly behind us, work on rebuilding customer relationships and restoring margins is progressing, while recovering raw material cost increases. http://www.stockmarketwire.com/article/5704518/Low-Bonar-on-track-despite-rise-in-raw-materials.html
Low & Bonar on track despite rise in raw materials
Close to 1 year lows. The Civil Engineering barely made a profit last year also so IMO not a big deal and a 17% drop is out of order.
It's not worth worrying about the why's and why nots. This sort of ' unjustified ' drop happens all the time. Even if your LTH it can still be worth the risk of a short term trade. Picking the bottom is the tricky bit. D.
All I can see is reclassification of what the company does. The price of raw materials has gone up. What's going on?
Quite ! Overdone IMO, this share seems to regularly trade up and down between the 60s & 80s, just added a few more just above my long term average, expecting this to rise again toward EOY results.
The Board continues to expect the Group to show good progress overall for the year to 30 November 2017
Any reason for a 3.5% drop?
SP up nearly 50% since last July
Has been recommended by Questor today. BTW not invested here but was on my radar.
Anyone got any ideas about todays rise?
The Board continues to believe that 2017 will be a year of significant progress, and remains confident in its expectations for the full year. The Group continues to make progress with its strategic initiatives.
equating to just under four million shares.!!! Let's hope someone is in the know ????
nice write up today. http://www.dailymail.co.uk/money/investing/article-4191786/MIDAS-SHARE-TIPS-Going-s-good-Low-Bonar.html
On the right line.
bodes well for the future. www.tevonews.com/industrial-fabrics-news/407-low-bonar-expands-china-textile-manufacturing-site http://www.prw.com/article/20160719/PRW/160719837/uks-bonar-to-invest-5-8m-to-expand-slovak-geo
Dividend up so an improvement.
some big munitions being fired,today on here!!!!!!!