Share Name Share Symbol Market Type Share ISIN Share Description
Laird LSE:LRD London Ordinary Share GB00B1VNST91 ORD 28.125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.30p +0.21% 140.00p 139.40p 139.70p 140.40p 138.30p 139.70p 429,764 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 801.6 -122.3 -41.3 - 684.04

Laird (LRD) Latest News

More Laird News
Laird Takeover Rumours

Laird (LRD) Share Charts

1 Year Laird Chart

1 Year Laird Chart

1 Month Laird Chart

1 Month Laird Chart

Intraday Laird Chart

Intraday Laird Chart

Laird (LRD) Discussions and Chat

Laird Forums and Chat

Date Time Title Posts
15/1/201819:05Laird oversold2,283

Add a New Thread

Laird (LRD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-01-16 16:53:36139.775,0086,999.86O
2018-01-16 16:53:18139.325,9108,233.65O
2018-01-16 16:52:10139.448,90012,410.21O
2018-01-16 16:35:10140.0092,812129,936.80UT
2018-01-16 16:29:56139.70277386.97AT
View all Laird trades in real-time

Laird (LRD) Top Chat Posts

Laird Daily Update: Laird is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker LRD. The last closing price for Laird was 139.70p.
Laird has a 4 week average price of 132p and a 12 week average price of 132p.
The 1 year high share price is 192p while the 1 year low share price is currently 131p.
There are currently 488,601,676 shares in issue and the average daily traded volume is 1,974,097 shares. The market capitalisation of Laird is £684,042,346.40.
borromini1: Lets look at the calculations ... Profit x 15 years - Net Debt all divided by Number of Shares to give a Share Price. Last years profit was 50m GBP now add this years cost savings of 10m GBP ... 60m profit x 15yrs - 175m / 488m = 1.485 GBP That's about where the share price is now. So what will the Q3 trading update tell us next Friday. Where will the profit forecast go? 65m profit x 15yrs - 175m / 488m = 1.639 GBP or 70m profit x 15yrs - 175m / 488m = 1.793 GBP Now consider the typical weighting of more profit generation in the second half. First half profits increased by 40% over the previous year to 24.1m. Take the ratio between profits in H2 to H1 2016 and apply it to H2 to H1 2017. (50/16.4 x 24.1) x 15yrs - 175m / 488m = 1.90 GBP While these are reductive calculations they give a range for where the share price will go. Take your pick.
rogerrail: plus the growth potential of CVS is coming more to the fore. As a comparative, just look at the transformation that the photonics division of IQE has done to that share price in just a year, not suggesting that the exactly the same will happen here.
grahamburn: Not sure what you mean by that. Of course, it was going to be a fully taken up rights issue. My previous comment was simply stating the obvious - that the share price would only make a decisive move once the rights issue had taken effect. Indeed, it did make an understandable decisive move yesterday (downwards) as the new shares became tradable and a decisive move (upwards) today as maybe (non-holders) joined the register. Who knows? churchtower made a valid comment as well, with Apple being a significant (though less important in recent times) customer of Laird. IMO the company has genuine recovery potential, so do not disagree with your belief that the share price is due a re-rating over the medium term.
grahamburn: The theoretical post rights share price figure quoted in the original offer document was 134.86p.
bakunin: DR_SMITH When LRD goes X-Rights, your rights are tradable. Anybody can buy them. The rights give you the right to buy at 85p. If LRD is trading at around 180p on XR day, the share price will drop to circa 135p. The initial value of the rights will, therefore, be 135-85= 50p The price of the rights will fluctuate with the share price, but the share price could be expected to be stable during the XR period. If you have your shares in a nominee a/c, the default option will be not to take up the rights. Keep in mind that stock markets are rigged. The stockbroker that I mentioned gives its nominees next to no time to elect to take up rights, deliberately. If you're on a business trip when the letter arrives, you miss out. They will not take instructions outside of their administrative set-up. If a good portion of the rights are not being taken up (the stockbrokers running nominee accounts will know this), in my view they manipulate the share price down in the last few days of the XR period, thus lowering the price of the rights. Those rights not taken up can then be snapped up in the final minutes of trading or in the auction or whatever ensues afterwards. If the stockbroker in question has a wealth management division, it is easy to see how they stand to benefit from inside knowledge and making it difficult for nominees to take up rights. It all assumes, of course, that the share price goes back up after the XR period. In my experience, more often than not it does, especially with companies like LRD that have a long track record of stable and growing operating performance. After all, there is a reason for raising equity finance: in this case to put it on a solid financial footing for its operations.
bakunin: Rights issues are "usually" a give-away to existing shareholders. That's why there is such a big discount. Given that, in the case of LRD, the reason for the RI is to shore up the B/S, debt is basically being replaced by equity, interest payments by dividend payments. If the company is well-run, the outcome should be neutral for shareholders, apart from the fact that the cost of equity is usually higher than the cost of debt. Hence the company will still need to "grow into" its higher market cap afterwards. In my experience, if you don't take up your rights the share price gets manipulated downwards during the ex-rights period, so that those who end up buying your rights off you get a bargain. One of my stockbrokers games this by giving you a window of a couple of days in which to instruct them to take up rights. I have complained about this, but they carry on doing it. Often, their letter arrives too late and they even send out their email just before "their" expiration date for taking up rights. They are the only stockbroker who do this. The others give you 2-3 weeks at least. They are also a stockbroker that appears to run a dark pool and has a potential conflict of interest with its wealth management activity. Fortunately, the current market cap is undervaluing the company imo, even if one were to assume no growth (£450m mcap for £50m underlying PBT post interest payments). So, whether the share price rises will depend on the company's operating performance, as should always be the case.
sutherlh: Nice partial recovery in the share price after the shock of the results, made less with more turnover. However the rights issue looks good value to me. I too have 1000 shares so will be picking up 800 more.
grahamburn: 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.
bakunin: 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.
thewisher: 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
Laird share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V: D:20180117 01:27:27