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|Electronic & Electrical Equipment
Laird Share Discussion Threads
Showing 2151 to 2174 of 2175 messages
|I note the ex ceo is now bringing his own brand of magic to his new company-Cobham. Huge profits warning. Remind me to avoid any shares this person is involved with.|
|Disposal of division might mean no fund raising necessary? Or more modest rights issue than originally envisaged.|
|No dividend in the upcoming results on 28 February - just the prospect of a rights issue to raise £185m and even then it will be close to its banking covenants.
Surprised at the strength over the recent past as until the rights issue is formalised, there must be some doubt over the direction of the share price.|
|Big gap up to 300. Not going to fill it in one go or near term. Bought below 150p and put in bottom drawer to take out in a year of so. Not sure if it is still paying a dividend although it may be around 8% if still paying out|
|a close above 168 would be a positive sign, i think, if anybody is interested?|
|7 days and counting ........|
|168p resistance - could be here for a while. but you never know ;)|
|Thanks for the confirmation Gordo.
Currently deciding whether to sell a portion now in advance of the rights announcement or wait until it happens.|
|There are 271.45 m shares in issue
they would like to raise 185 million
so I suppose, they need to raise about 68p per share.
slice it any way you want, but pretty much as kunama called it
"I would expect that, at a smallish discount (say 20%),it may well be 1 new share for every 2 currently held."|
|I have completed the sale of my holding in 3 tranches. I see no advantage in holding shares in LRD for the time being.|
I don't think it's been announced yet. However they have said they want to raise £185M and their current market cap is 442M. I would expect that, at a smallish discount (say 20%),it may well be 1 new share for every 2 currently held.
Any other views on this as it may be that a substantial investment is needed and requires planning.|
|what is the rights dilution ratio?|
|The Group's full year results for 2016 will be announced on Tuesday, 28(th) February 2017.|
|Is it just me?
Doesn't the T/U read "more or less back to normal trading patterns in Q4" after the blip in Q3?
Annual PBT of £50m in a bad year and a MCAP of £400m.
Annual revenue of circa £800m and a more usual P/S between 1 and 2 ought to give it a MCAP north of £1bn.
Good management ought to be able to reinstitute the £80m+ PBT to further justify a £1bn+ valuation.
Previous takeover attempts were at £1bn+ when the group was far smaller (and also less endebted).
The delayed rights issue seems to be sending the message that the old CEO has gone and they are now open again to suitors. Anybody interested should make a move before the rights issue goes through.
Take off the £180m rights issue from a £1bn valuation (the rights issue is aimed at leaving them with a more usual debt situation) and takeover offers from well-run companies that can raise margins through efficiency and synergy should quite easily be in the area of £800m, ie a share price around 300p.
Why negotiate more covenant headroom when a rights issue is imminent? Unless the rights issue is just a red herring.
In any case, I have not seen a rights issue yet that is not a give-away. In fact, some brokers, eg one beginning with a B, try their hardest to make you lose out on your rights, sending emails/letters that give you just 1 day to opt for your rights.|
|t/s out today|
|Cobham may well be renamed Cobcordia as it too is heading for the rocks. CH.|
|Indeed he did. He is now performing his 'magic' at Cobham. These ceo's seem able to jump from one ship to another even if useless.|
|Sadly as a long term supporter of Laird my recommendation would now be to get into the lifeboat. Your Captain left in his several months ago with not a thought for any passengers or crew. CH.|
|Interesting that Investec have upped their TP to 235p|
|"The Board recognises the high level of leverage (including the impact on reported net debt of the weakness in sterling) and the limited covenant headroom. It has determined that it is in the best interests of shareholders to proactively address the Group's financial position Proposed rights issue (the "Rights Issue") of up to £185 million expected to be undertaken in Q1 2017 together with the full year results; underwritten on a standby basis by J.P. Morgan Cazenove Discussions will commence with debt providers to seek appropriate amendments to the operation of the covenants to ensure that the Group remains in compliance with the terms of its debt facilities."This is best avoided until these matters are resolved.|
|yes, I think last years buyer is back from festive holidays. Its been at least two weeks since we have seen this sort of volume :). happy new year to everyone with Laird shares - lets hope its better than last year (ouch)|
|Big increase today, something is up? news leak?|
|I have added a few more today.|
|nearly 4 million shares traded in fridays closing auction - this must mean something but I don't know what that could be hmmmm.. might be news out over the weekend I suppose|