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Laird Share Discussion Threads
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|Traders might also be keeping an eye on the Piotroski Score or F-Score. The score is named after its developer Joseph Piotroski who created a ranking scale from 0-9 to help determine the financial strength of a company. Laird PLC (LSE:LRD) currently has a Piotroski Score of 2. To arrive at this score, Piotroski gave one point for every piece of criteria met out of the nine considered. In terms of profitability, one point was given if there was a positive return on assets in the current year, one point if operating cash flow was positive in the current year, one point for higher ROA in the current period compared to ROA for the previous year, and one point for cash flow from operations greater than ROA. In terms of leverage and liquidity, one point was given for a lower ratio of long term debt in the current period compared to the previous year, one point was given for higher current ratio compared to the previous year, and one point if no new shares were issued in the last year. In terms of operating efficiency, one point was given for higher gross margin compared to the previous year, and one point was given for a higher asset turnover ratio compared to the previous year. In general, a stock with a score of 8 or 9 would be considered strong while a stock with a score from 0-2 would be considered weak.Investors may also be watching company stock volatility data. Laird PLC (LSE:LRD)'s 12 month volatility is presently 73.112600. The 6 month volatility is 102.895800, and the 3 month is noted at 136.422200. Stock price volatility may be used to identify changes in market trends. When markets become very volatile, this may point to a change in investor sentiment. Watching volatility in combination with other technical indicators may help investors discover important trading information.Diving in a bit further, we can take a quick look at the Q.i. (Liquidity) Value. Laird PLC (LSE:LRD) has a present Q.i. value of 17.00000. This value ranks stocks using EBITDA yield, FCF yield, earnings yield and liquidity ratios. The Q.i. value may help spot companies that are undervalued. A larger value would represent low turnover and a higher chance of shares being mispriced. A lower value may indicate larger traded value meaning more sell-side analysts may cover the company leading to a smaller chance shares are priced improperly.Investors keeping an eye on shares of Laird PLC (LSE:LRD) may be examining the company's FCF or Free Cash Flow. FCF is a measure of the financial performance of a company. FCF is calculated by subtracting capital expenditures from operating cash flow. Currently, Laird PLC (LSE:LRD) has an FCF score of 1.173542. The FCF score is an indicator that is calculated by combining free cash flow stability with free cash flow growth. Typically, a higher FCF score value would indicate high free cash flow growth. The company currently has an FCF quality score of 3.616243. The free quality score helps estimate free cash flow stability. FCF quality is calculated as the 12 ltm cash flow per share over the average of the cash flow numbers. With this score, it is generally considered that the lower the ratio, the better.|
|Laird(LSE: LRD) is unpopular with investors today as the global technology company has proposed a £185m rights issue and cancelled its dividend. Although trading has been in line with the update issued in October, Laird is seeking to bolster its financial firepower via a fundraising. While this could cause a degree of pain in the short run, could Laird eventually prove to be a sound buy?Underlying profit is expected to be around £50m for the full year, with the company's operational improvement programme on track. This will deliver annualised savings of at least $20m from 2018, with around $15m expected in 2017. This should help to improve Laird's financial performance and also aid its financial position.Encouragingly, the Wireless Systems division has been able to integrate Novero within the Connected Vehicle Solutions (CVS) business, which is expected to be profitable in 2017. However, the Performance Materials division still faces a difficult outlook and more work is needed in order to improve its financial performance.Limited headroomLaird expects net debt-to-EBITDA (earnings before interest, tax, depreciation and amortisation) to be within the group's covenant of 3.5 times for the full year. However, Laird's headroom is somewhat limited and so a rights issue to raise £185m seems to be a prudent option to take. This should provide Laird with a net debt-to-EBITDA ratio of between one and two over the medium term, which will allow the company to invest for future growth.In addition, the cancellation of 2016's final dividend may be disappointing in the short run. However, it should provide the company with greater financial strength through which to improve its performance. And with dividends due to return in 2017 at 33% of earnings, rising to 50% of earnings in the medium term, Laird remains a relatively appealing income play for patient investors.|
|Looking more vulnerable to an opportunistic bid imho; that's assuming the assets are as good as we have been led to believe !!!! After the initial markdown.relatively large volume to the upside today.
I remain a buyer at this level.|
|Well, that will teach me to always do my homework.
At least I am in relatively close to the current price compared to the poor sods who were holding L-T in the 300-400 range.
I'm not sure I have ever seen a pre-announcement of a rights issue.
Perhaps they thought it would get leaked over the next couple of months and that the share price would just grind its way down on speculation.
Or maybe they now actually want a buyer and they are trying to flush them out?
Ditching the dividend is a way of making them a more attractive target (op profits go to paying down debt rather than distributed to current owners).
With the debt, the buyout value wasn't likely to be much more than £500m (meaning it would cost the buyer circa £800m: £500m equity + £300m or so of debt).
So, I was and still am building a position for the possibility that it gets offers in the 180 range.
As long as their markets have not deteriorated more badly than it would seem.|
|We've all done it EJ.|
|Over extended, riddled with debt in a market that is pretty saturated. I stupidly averaged down on Tuesday. Good timing award?|
was tempted to take a position last few days as chart looked to be showing a little momentum and strength..
sure this company will bounce back later in 2017.|
|Hardly a great surprise but it is really tragic to see a quality company smashed to bits.|
|On board here really without checking out the financial situation too much, mainly because it used to be a market darling and has been courted before at much higher prices. I am told that they have substantial worldwide operating facilities.
And the pound being low is conducive to the likes of Laird getting taken out if there is nothing major wrong with a few delayed contracts due to the Samsung overheating and Apple slowdown. Pricing pressures get sorted out by industry consolidation. Can't see a couple of hundred million of debt being an issue for the bigger boys, especially when Laird was producing operating cash flow of almost a hundred million last year, there are newly-acquired assets that could be divested if not required and greater clout/integration than Laird would probably sort out the above commercial issues.|
|Not a bad day at all :)|
|Up 5,7% :) Almost rocket territory for SH1984 ;)|
|I am rather hoping that we have seen a floor. Bought a few which have bunged into my wifes SIPP. Have not averaged holding on main account|
|Mini revival was great for the day - looks like its back to the usual downtrend|
|Appointment effective early January 2017 of Asian Non-Executive Director has helped sentiment today..he has loads of experience from many years at CITIC..LRD has 75% of its employees in Asia so bias understandable. Also another Non-Exec staying on for extra 4 months from scheduled departure to provide continuity after recent Director changes...good luck.|
|Index Rebalance Market Cap data cut-off:29 November 2016Only a short time for Lrd to jump back up before they are demoted from ftse 250 so expect another drop in share price|
|Told you Gordo 6% now|
|its happening now up 3% already, when was this last up 3%?|
|if its going to rocket, which I doubt, I wouldn't expect too much action until we get much closer to the ftse reshuffle date ;)|
|strong support at 133p|
|Big buys coming in today, market has realised shares are oversold, big re-rate coming this should rocket today|
|Well I am still hoping that 130 ish historical support will hold but looking at todays price action you could well be right :(|
|Sadly I believe this could fall to 90p or lower.|
|Staying out in absence of any further comment from company...not encouraging, sadly.|