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Based on current trading, the Group is confident of meeting expectations for the full year
With another 9.35 percent !
RE; mystic. ye don't look to bad with my untrained eye. Broker rating a little disappointing but I don't worry to much about that. I hope to get back in latter this year if we get a retrace. wonder how the new factory is doing in Abu Dhabi. GLA
All things considered imo
lucky I sold Mon to buy more GDL, will be when construction improves in the euro.
nice and steady , no big jumps pls
some serious buying going on here today !!!
I suppose Low & Bonar will benefit from fall in oil price. Input costs must have dropped considerably.
was hoping for a last top up around 44p, looks like I wont get that now.
slowly moving north now, should be back to around 50p + over the next couple of weeks .
mystic, are you still watching this company. big trades here today and over 1.2million. think something's happening but haven't been watching closely enough .
Buying is enough reason for me to invest here especially noting the recent activity , DYOR
Was in for a bout 6 months and came out about 9months ago. Since then, have kept a distant eye on things expecting never to get back in. This latest sell of is a bit exciting though ! Al of a sudden it has my un-devided attention .....no blood on the streets yet, but has it bottomed out or is there a further decline on the cards? Please God don't let there be a another profits warning, if there's one or even two, there could be a third. you know how it goes. Who knows ! Does anyone agree or perhaps has a view with some coming features or aspects common to my own OR completely disagree....I would be interested in both views, might explain why I'm seeing circles within circles and no one to share with....am I getting a tad anal?
any1 there
Am I the only one here? Hey buysbadly there were a couple of large buys today. I know I saw them. Underpriced IMO. Agree. OK bye . bye see you soon.
Interesting! nice gradual increase
Is there any significance to that RNS? Or is it information only.
Low & Bonar PLC ("the Group"), the international performance materials group with leading positions in niche industrial markets, will announce its pre-close trading update for the six months ended 31 May 2013 on Thursday, 6 June 2013.
buy/sell..?...
In FY12, capex ran slightly ahead of depreciation for the second year running, with additional investment in a small acquisition (Xeroflor) and the new JV (Saudi Arabian geotextiles).We view net debt (£83.6m, neutral cash flow post-investment, positive FX effect) as comfortable (c 2x EBITDA and approaching 10x cash interest cover). We are likely to trim estimates by c £1.5m (vs current FY13 above), substantially due to a more gradual Saudi JV ramp up and ongoing, although reduced, Yarns losses.
The bulk of Low & Bonar’s operations (ie Bonar and Technical Coated Fabrics) delivered results in line with our estimates overall. The Yarns loss was c £0.5m larger than anticipated, although this shortfall was more than made up by lower finance costs and share-based payments, leaving PBT £0.2m ahead of our headline estimate. Euro exposure (50%+ revenues) was adverse, but constant currency growth rates for the core operations were respectable, given the wider GDP backdrop with margins also improving. A Yarns impairment charge (of £11.2m, leaving a carrying asset value of c £17m) reflects the company’s current value in use projections.
FY12 results modestly exceeded expectations, achieving some y-o-y progress in the face of significant euro and Yarns headwinds. The two largest divisions delivered constant FX revenue growth and margin expansion, while also making organisational changes in preparation for an enhanced global sector strategy. Resolving the Yarns drag would make these actions more visible, demonstrating underlying business momentum, and further enhance the rating attraction on slightly lower estimates.
Low & Bonar (LWB) Director name: Mr Martin Flower Amount purchased: 50,000 @ 63.36p Value: �31,680