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LCT Lincat Group

1,035.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lincat Group LSE:LCT London Ordinary Share GB0005170492 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,035.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,035.00 GBX

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Date Time Title Posts
23/3/201121:59Lincat (LCT) - charts and all ...111
10/2/200507:40Lincat - still no thread ?18

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Posted at 23/3/2011 21:59 by thorpematt
Nice one - well done to all holders. Sadly another UK manufacturer gobled up but that's the way of it I guess...

Interesting combination in fact. Integration of predominantly light duty equipment from LCT blended with heavier duty/ more costly stuff from Middleby's existing brands. (Much of which isn't THAT commonplace in the UK)
Posted at 28/10/2010 10:53 by thorpematt
From Lincat's latest newsletter: (Hopefully not too confidential!)

"...Despite sharp increases in the cost of materials and components, we have again achieved manufacturing efficiencies which allow us to restrict price increases to a very low level. The average increase across all products is just 2.3%. Almost half of all product lines have no increase in price.

You might wonder how we can achieve this in such difficult economic circumstances. Well, firstly, we manufacture practically the entire range here in the UK, which means we are not greatly exposed to fluctuations in exchange rates. Secondly, we continue to invest in our manufacturing process to achieve greater efficiencies. An example, during the past 12 months, has been the £550,000 investment in a laser cutting machine..."
Posted at 08/10/2010 09:41 by thorpematt
From this point in the year onwards, most major competitors will begin to announce price increases to its distributors in the UK. Last 3-4 years have seen often significant rises. (Weak sterling plus high demand from China are the excuses.

Early indications are are approx. 5%

I'll keep you posted.
In the meantime:
Posted at 14/8/2010 10:50 by thorpematt
Going back to one of my previous posts, here's the link for signing uo to the newsletter. Which is very imformative and IMO is one of the better targeted and written newsletters in the industry.



Regarding results, I have the same views as prior really. I reckon LCT has done well to see growth this year. They are clearly doing a lot of things right and I suspect that in 5 years time they will have a much larger MC. BUT it's the economic outlook that is concerning.

The core Lincat products are as I say, very good value and thus may do well. Particularly in export if the pound weakens.

Where IMC products are concerned there are 2 groups IMO.
1. Bar equipment -relates to pubs, refurbished front of house etc.
2. Essentials and food prep. such as potato peelers and waste disposers (these are more non-discretionary).

When I weigh it all up the summary is a simple one:

Good company, well-lead with good long term prospects, doing well in a tough environment. Trouble is the last part really. But then again so it is for a lot of stocks...
Posted at 13/8/2010 16:52 by nellie1973
Tipped in press-BUY
Posted at 12/8/2010 16:13 by wjccghcc
Impressive results and the outlook is more optimistic than it usually is with LCT. Topped up at 550p first thing.
Posted at 12/8/2010 16:06 by chingman
Latest LCT note on Stockopedia -
Posted at 12/7/2010 11:46 by thorpematt
David, I can't answer that one EXACTLY.

BUT What I can say is that the last couple of years have seen some quite hefty increases to pricing structure for the sector generally. The "excuse" has usually been commodity price rises and the weakness of the £ vs euro.

Bare in mind that most of LCT's competitors are foreign. Many of the UK arms of these companies (Electrolux for e.g) will manufacture in Europe and distribute thro' a UK arm. The UK arm will have to purchase in £s.

LCT will buy raw materials in, but costs for manufacturing are UK influenced.

I suspect the whole sector will need to compete on flat pricing for this year at least. LCT arguably has LESS un-certainty than most (due to the above). Thus I think they can be more confident in budgeting for this "brave new world".

Note: A big fall in Euro COULD see prices DECREASE for competitors - as they get to buy finished products in cheaper (somehow I doubt that prices will be cut but it's worth a mention).

LCT has undertaken some rationalisation of brands and therefore costs savings. I get the feeling they are pleased (not worried) to announce no hikes. I also get the feeling that costs are under control.

I think that anyone in this sector that sees growth this year will be doing very well indeed. If LCT report growth in this climate then mid to long term we have a real flyer.

LCT was listed in IC a few weeks ago as a potential small cap growth company – and I think that's very fair. The question is: is that the growth continuing now.
Posted at 09/7/2010 11:20 by davidosh
Thorpematt....that does of course suggest there is no ability to increase prices in line with costs although it may help increase sales. What have been the previous levels of annual price increases?
Posted at 09/7/2010 11:02 by thorpematt
Dosen't look like this is common knowledge it's in the monthly newsletter but I can't find it on their website:

Lincat have announced no price rises to their dealers until Jan 2011 at least.

Not sure if you can subscribe to the monthly newsletter or not?...

Not sure if I'm talking to myself... or not?...
Lincat Group share price data is direct from the London Stock Exchange

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