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Lakehouse Share Discussion Threads
Showing 701 to 723 of 725 messages
|I remember when this floated and I had a look at it but could not comprehend the valuation Vs similar FTSE 350 businesses.
At the time I thought that a valuation of roughly 50% of the float price would have been reasonable, clearly it is well below that level now but it really does suggest that far too many floats are at wildly optimistic prices.|
|Perhaps news leaking out...such as the following article which indicates that their roofing division is being wound down & in addition a redundancy programme that could total 170 employees.
I don't hold.
|Even cheaper this morning.|
|I am informed that the company's problems are by no means restricted to those referred to above by tippers55, although this gives an insight into the company. There are more serious ones that could follow. I am amazed that the company was allowed to float in the middle of a serious fraud investigation relating to its work with Hackney Council.
Even if it wins contracts, I doubt there will be many sub-contractors prepared to work for it especially in view of it losing 5 adjudications and apparently not settling.|
|there are further problems with the hackney contract. Lakehouse have recently lost 5 adjudications and are being sued for £2M by a sub-contractor for unpaid monies due under these contracts and claims for breaches of contract|
|Anyone notice that Carol Bailey, Director for Regeneration South, appears to have left last week after resigning 01 May 2016? There has been no notification, apart from that to Companies House, or statement of thanks for all her hard work which in itself is unusual. She was simply removed from the Executive Management Team without explanation.
My sources tell me that this in connection with the current problems in Regeneration and the possibility of further problems.|
|SCSW say average down.|
|Thanks for the information Paleje.
Classic recovery stock.
Shares in asset and energy support services company Lakehouse (LSE: LAKE) have fallen by around 7% today after it released a somewhat mixed trading update. Its Regeneration division continues to create challenges for the business, with Lakehouse now anticipating that there will be further writedowns during the current financial year as it seeks to close out issues with contract settlements. This is expected to have an adverse impact of £4m on its full-year results.
However, Lakehouse is also experiencing strong underling trading elsewhere in its business and today announced a £37m contract win from Scottish Power to install domestic smart meters across Scotland, Wales and North West England. And with Lakehouse expected to return to double-digit bottom-line growth next year, its shares trade on a price-to-earnings growth (PEG) ratio of just 0.4. This indicates that while investor sentiment may be weak at the moment, there's good value on offer for long-term investors.|
|Cerrito - "Sobering to go through the exceptionals they list" - yes, but I expect that in this and the results to follow the new management will do as much kitchen sinking as they can so that they can take maximum credit for any improvements in the new financial year.|
|One assumes that the bankers will continue to be supportive and I see that as at June 30 they had £17m head room which should be enough.: I assume that the £45m revolver is up for renewal in December 2016 and will be extended at this level for another year no doubt at an increased margin and that as covenants have not been mentioned this is not an issue.|
|Yes,FunkmasterP12 the increase in net debt is concerning and we need to brace ourselves for it going higher as many of the exceptionals had not been paid out in cash as at June 30.
Sobering to go through the exceptionals they list
Regeneration Division £4m; £1.5m contract win training; £1m staff redeploying and retraining; general meetings/management changes £1.5m
In terms of management changes given that Mr McMahon is given a quote one assumes he will be staying-especially as Energy Services are the star not only with this contract in but also the fact that in the first half they were the biggest EBITA performer. Actually given that Energy’s sales are running at £40m each semester this £5mpa contract will not move the dial much in revenue terms.
On assumption that all currently identified bad news is out, those who bought first thing this morning will do well and I have no desire to sell and thinking about buying more.|
|DX, now thats a nasty one|
|Reminds me of DX, also chaired by Bob Holt. He's on the board of another previous hold of mine, INSE, which for now is bucking the trend.|
|people were paying 35p after Bob Holts recent appointment. Good to have him on board. i can even see Mears bidding for Lake|
|directors buying here is suspect|
|Lets hope there is some margin in the contract win|
|couldnt resist buying here, only a bit mind|
|phowdo - 17 May 2016 - 11:09:58 - 571 of 687
As the saying goes - profit warnings come in 3's.
The next one could be a doozy...|
|Well there is the 3rd warning. Now will be the time to buy. Note I bought after the first : (|
|youre not supposed to bother reading to the end|
|An oddly drafted update, not exactly helpful as regards underlying value. Starts off saying order book is in line, then crows about proven contract-winning ability, only to conclude the board is disappointed about the current financial year outlook... only this is all to do with one-off/non-recurring items! Signed off by Bob Holt... who is lauded as a public company professional?! You couldn't want for an update better able to confuse and frustrate as regards the underlying trend - which is key. Easy to assume, he's taken a look and is perturbed enough to hoist an outlook warning flag; but that may not altogether be true.
(No position in the stock.)|
|Well I was just checking debt funnily enough. It looks to have increased c. £8m from the interims. That is concerning, cash is clearly flooding out though they do say there's a number of exceptionals.Hmm.|