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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SP being kept in a very narrow range. Some analysts like Edison are still forecasting EPS close to 7p for next year. This gives a P/E of just over 7
The Notz Stucki sale looks like transfer. They are a part of the Sterling empire, so its more of a rationalisation of a significant holding under one umbrella. As sterling's holding has been ramped up - now>13%, we won't have long to wait before they declare their intentions.i suspect a break-up/asset sale/takeover is being engineered.
Under the Market Abuse Regs the close period can vary from 1. End of financial reporting period eg year end to announcement of results or 2. The company can adopt a period of 30 days pre results.
The exact timing of a closed period before results is unclear. I would have thought a month max?
Spread has closed and it appears one of the marketmakers has some stock to shift as there's a stream of AT trades going through against it. I have picked up some more this morning at 53 as I think this is our last chance at 53 and it isn't going any lower.
Total director's holding here around 0.2% so can't see them loading up anytime soon !!!! Good point SF I hadn't really thought about closed periods pre results time nothing could make more sense. I had another look at the ii movement before Christmas and it would appear that Notz Stucki were the proxy holders of Sterling Assets holding here and they have now transferred it into their own portfolio. I don't know if that adds or subtracts anything from LWB's short term future but I assume they must have done it for some reason. D.
Results are due 31 Jan hence in a close period.
Price almost halves from the 52wk high and not a single director buy still - could they be in a closed period? Highly probable IMO.
.A more sensible P/E of 14-15 puts this back to an SP around 90p-100p
Find it hard to believe not a single director has bought at these prices. Not even the interim CEO. This was 90p not so long ago and profits will still be higher than last year remember. Activists increasing stakes so clearly confident in the future price here. Closed period? Discussions taking place? Probable.
Let's hope the 22mill+ that Notz Stucki dumped are now well and truly dispersed among the other ii's. Done a wee bit of work on them, LWB was their last holding, they appear to be out of the game for now. D.
Stakes increased again yesterday.
Two more monster buys for the big boys. D.
You should have a look at Saga as well. Massively oversold and strong chance of M&A activity.
I think you're probably right me thus u lah the key to this is the ii activity. It went pretty much unoticed except for a holding rns that Notz Stucki. Completed the dump of their entire 10.9% holding on 14th Dec. Reported 19th. Dec. You can't sell this quantity of shares without giving the buyer a hefty discount, and having a negative effect to the share price. Luxunion appeared yesterday with a 6.8% holding from a previous not reportable quantity so it would appear they picked up a considerable chunk. Sterling Strategic added yesterday as well their now 11% +. I presume the monster buy of yesterday was another ii picking up their share of the Notz StuckI dump. Whatever, I think the majority of the cliff fall this week was due to the ii dump rather than anything else. D.
Normally a 30% premium is applied to the SP pre-M&A RNS. There is normally a rise pre-RNS though as the city boys get wind of it first. Anything around 80p would get the job done IMO however this was 90p not long ago and not a huge lot has changed.
There have been quite a few monster buys recently in the RNS statements. A takeover is looking likely. A group has gobbled up almost all the company in the space of a few months. If a takeover is announced, what will the Price be to flush out the remaining share holders bearing in mind there is little likelihood of management resistance? I understand there is a 12 month rule stating the Price cannot be less than the highest Price the bidder paid for shares in that period. Any pointers, anyone?
11:10 53.00p 4,683,293 £2,482,145 Buy
Mine didn't register at all Mulder. My trade was 5k at 52.72p. There are no buy trades reported at that price. Anyway interesting trading day, I suspect there will be more holding rns's post Christmas break, seems to be quite a bit of activity by and between our ii's. D.
I can confirm my buy earlier today has been recorded as a sell. Rogue market indeed.
Increase stakes again now holding 11% stake
She will be a steady hand for a few months but I doubt she is a long term fix. LWB is a sitting duck for a takeover.
Thought I'd let you know got a speedy response from the new CEO who seems to be on top of things and is addressing issues raised in the RNS.
Expect the new lady will get the job, Old boy staying till end of April so that's almost 5 months coaching for her. Share now down approx 45% from yearly high in June. If I could have found a reason for the cliff drop I would have walked away. D.
Increased my holdings. I think the interim CEO will do a good job. Analysis of the last few holdings RNS shows most hedge funds are increasing stakes here. Takeover?