Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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The management should take a lesson from Kier rights issue. Don’t go for one. Cut dividend completely and reduce debt from the savings. Feel sorry for buyers who followed the Chairman. I got in sub 20p and yet losing.
I'm not a fan of that tactic but I bought a few more today. I think the company is worth more than the present share price. How much more is to be decided but for a small extra outlay I'm around 50p.. A long way from today's price, I know,but closer to what I was.
The Board believes that to support its long-term objectives, a stronger balance sheet would provide greater flexibility to invest, where necessary, in its operational and commercial strategic initiatives. As such the Board is reviewing the Group's capital structure and considering options to reduce the level of net debt, including a potential equity issue.
You have to congratulate there honesty . IMO
HeresHopin this is not sdry. look at the debt and they state they are looking to place shares. IMHO
The debt this company carries is a big talking point. Some people say it is unsustainable and could result in closure. It's a big debt, for sure, but why would funds buy the share at 50p knowing that? To break it up? Maybe, but the funds that bought it don't have a history of Gordon Ghekko thinking.
The 3 analysts offering 12 month price targets for Low & Bonar plc have a median target of 56.00, with a high estimate of 60.00 and a low estimate of 40.00. The median estimate represents a 145.61% increase from the last price of 22.80.
The Chairman bought £100k worth in September at 40p, but that is the sole convincing action in this area. I would love to add and average down, but in the present climate I just don't think that is wise. As Poindexter says, there is fundamental uncertainty here.
Read the RNS - they have a new CFO (looks like a good one). I don't think he would have boarded a sinking ship. Also the much lower oil price should improve profitability, since the last profit warning. OTOH, LWB have a history of snatching defeat from the jaws of victory!
They have too much debt, too much competition and no CFO. The capital markets day was cancelled. Unfortunately I hold here. This could go fins up.
A company providing performance materials in niche markets across the globe. Surely the SP is too low?
Sterling hold 17.1%
Luxunion 8.1%
Both bought in at more than double the current share price and NAV of 50p.
They must reduce costs and headcount if necessary.
Trim the dividend which is now yielding a ridiculous 11.3% and drive down debt.
Finally sell the at best break-even Civil Engineering division again to reduce debt.
At least he's losing more than me!
~10% Divi now, and a pile of debt - stupid. Someone needs to give this company a good shake.
Clearly sees value here.
Decade low share price.
Activists have a large controlling stake here
Directors buying also including CEO in the past few months
Cash £55M in the bank at H1
Net debt was down to £140M from £149M
Trading at a big discount to NAV
I agree, I think this could fall further. Purely from my experience with lack of info in that RNS. I think you’ll see these at 32p. I’mf you’re in good luck for the bounce though
Very true! it maybe time for a top-up?
that's a big drop! sells going through at 37.3p. i did not think it would drop this much?
That is a bad RNS with nothing positive coupled with management leaving. Will get very messy before a bounce IMHO.
Awful news, 25% down today I reckon.
Hi Mulder. Large trades such as the one above was first signalled as a buy. Then it was signalled as a sell by the people at Henderson. They reduced their exposure by about 20%. What I’m trying to say is that these discussion boards are full of over optimistic or over pessimistic opinions based on someone’s interpretation of whether someone bought the stock or sold it. Of course, someone bought it and someone sold it, that is there for all to see. Now, whether the market makers took the sellers stock on board themselves, or paired it off with a buyer, we don’t know. The only buy and sell indicators we should be interested in are our own.
I disagree. Small trades yes they are not important but large ones are because let's face it these people buy and sell based on leak news and inside information. The larger the hedge fund and shareholder the more privy to inside information they are.
I don't think people should be too concerned as to whether trades are buys or sells. Most sites do not specify.
Just shows how vague and misleading trades can be. Even such a large trade can be labelled wrongly. It went through at the ask price which usually means a buy.
Market is very rogue and manipulated.
Make no mistake.
SELL by Janus Henderson Group plc
Previous position - 5.02%, current position - 4.11%, approx 0.91% reduction
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LWB/13766608.html
0.91% of the shares in issue is appoximately 2,947,941 (£1,481,340.35)
So, i'm afraid this is a SELL
Thanks for the heads up though
10:24 - 22/08
Buy
2947941
50.25p
£1,481,340.35