Member Info for lemmink

Bought 30k @ 11.8p - holding 60k - horrible share but hopefully horribly cheap at this price or at least unusually low…

Bought 10k @ a little under 39p

Bought 10k @ 41.9p - hopefully it is at least a little bit cheap now?

Bought 10k @ 42p - holding 240k

Bought 10k @ 43.5p - holding 230k

Bought 20k @ 44.68 - not very liquid when trying to get a sell quote earlier

Not sure patient is the right word - probably just over attached - Half year results to end sept 2022 seemed quite resilient - annualised EPS still looks like 10p+ - not sure what level of P/E ratio is appropriate for current market and macroeconomic conditions...

Bought 10k @ 51p -- holding 200k

Bought 15k @ 52.4p — holding 190k

mentioned "new provision" in previous post ... I might of kind of made that up a bit ... I was referring to the cost of settling the legal claim ... not actually sure how it was accounted for as didn't pay attention to it ... in any case it will have been a balance sheet hit

A bit vexing - no dividend for the FYE 31/03/2022 - third year on the trot... difficult to but I suppose still possible to excuse.

Underlying EPS 9.8p -- good/ok
masked by big impairment and new provision to leave basic EPS at negative 7.1p -- not so good!!

Book value per share £1.12

Legal claim settled for £0.6 million - payable by NTBR ... that's roughly what 1 years worth of normal dividends would cost ... maybe this will mean that a dividend will will not be paid again this year (no dividends have been paid for the last two years) - it will be entered as an exceptional cost in the accounts ending 31/03/2022 reducing profit by circa 3.3p share

Looks like underlying EPS for the year to 31/03/22 will be circa 9p -10p to me.

Sold 50k @ 60p - quite surprised to be able to - given wider market continued falling - holding 175k

Still holding 225k - just checked dealing account - the 60p sell feels a bit low- but may work as a reasonable short - medium term tactic?

Sold 35k at 60p - didn’t really want to but the wider market seems somewhat fragile & flakey

Latest annual report out today - NAV still circa 35p a share - property valued at £61 million dividend from BISI expected to be £300k CEO salary £590k -- skim read it very lightly -- nothing surprising or interesting to me even - possibly a harmless but crap position!

according to my hand written notes from July last year I had £71million for the property portfolio and Net Assets per share at 35p -- loss per share 8p and an "I think rental income has not covered company overheads - so may be LAS is in terminal decline" --- I think all that came from a casual read of the last annual report .. guessing now that we are sort of more post covid than then things could be a bit better?

Sold 20k at 22p - holding 30k -- rightly or wrongly -- oops! Thanks for the correction Beza.

Hi Beza,
Sorry about that yes you are right for some reason I thought LAS had 20m shares but that is wrong LAS has 85 million as you say - So that knocks about 50% off my ramp!