Lakehouse Share Discussion Threads

[blueball] 11/3/2016 16:20

Moving ahead the last few mins.

[spooky] 11/3/2016 12:14

Trading at 5 times prospective with a yield above 7%, still looks very cheap to me.

[qs99] 11/3/2016 12:08

looking good again today

[blueball] 10/3/2016 16:56

stay long.

[sphere25] 10/3/2016 14:05

Trading the technicals works a treat on the bulk of these types of long awaited breakouts - 50p hit.

Technicals aside, I guess it now boils down to how the market perceives this stock fundamentally i.e. what is the right rating considering that trading is in line (but imo still prone to downgrades), and that there is some activism with Slater and the founder pushing for a new heavyweight board.

Usually that bodes very well for a turnaround, so perhaps with the stock currently trading at 5x and on a yield of 7%, there is more to go. At 60p we're looking at 6x with a yield of about 5.8%.

I'm leaning towards the latter with the turnaround potential. Longer term, this stock could add another 50% from here imo, but for now I am booking profits into the rise because I don't believe all the bad news is out shorter term.


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Sphere25
9 Mar'16 - 15:42 - 412 of 434 0 0 edit

Looks cheap on fundamentals this, but I've been buying purely based on the breakout. However you cut it, that's the type of breakout alot of traders will have been looking for.

50p looks the natural first target.

[blueball] 10/3/2016 13:34

Too early should have waited another couple of weeks.

[nw99] 10/3/2016 13:32

Sold half here running the balance

[trewinney] 10/3/2016 13:27

5000 @49.515. my sell.

[fillipe] 10/3/2016 12:48

60p now appeared on the ask. Best ask atm, still 50p, although very small - then 52p, followed by that 60p.

f

[fillipe] 10/3/2016 11:39

All bottles in a row, readied for lunchtime buyers?

f

[fillipe] 10/3/2016 11:37

Bid even stronger now at 63k v 20k asked, as I type.
Strange to see such very small amounts - more particularly the minuscule 20k on show for sale by mm's.

f

[napoleon 14th] 10/3/2016 11:36

M Walters - dropped that one yonks ago - too many loosers like VIY.

[landay] 10/3/2016 11:23

It is a pity that there are not more characters like Rawlings and Slater to take action in other AIM companies.

[spooky] 10/3/2016 11:21

IMO you have to average down or sell, hanging around hoping for the best is not a sensible trading strategy.

[imranawan] 10/3/2016 11:19

I bought in before the PW, and out of interest did any of the PIs average down. I didn't and am regretting not doing so. I'd be interested to hear others views.

[fillipe] 10/3/2016 10:57

A very tight picture on Level 2. Total bid/ask showing a mere 20k at the ask, against almost 58k on the bid. Best ask is 48p (10,032shrs)with then 10k @50p.


Any sizable demand will make for a further very rapid uptick.

f

[blueball] 10/3/2016 10:18

Was a subscriber until a few years back not anymore.

[mr hangman] 10/3/2016 10:00

Up we gooooooooooooo

[nurdin] 10/3/2016 09:37

Is he still going? Where does he write these days?

[blueball] 10/3/2016 09:17

Always a good sign Mike Walters says sell..lol.

[rivaldo] 10/3/2016 09:07

Great to see the founder and Slater working in cahoots here - has to be good news.

FWIW some coverage in the Times today (subscriber-only, so I'll copy it):

"Fight breaks out at Lakehouse

The founder of a caretaker and builder of social housing and schools launched a boardroom coup yesterday after the company’s turbulent first year on the junior stock market.

Steve Rawlings, a former east London apprentice roofer who retired from Lakehouse before its float last March, has called a shareholder meeting and proposes removing the three non-executive directors and replacing them with himself and two others.

Mr Rawlings, who also founded the Building Lives Training Academy to bring apprentices into the construction trade, is the biggest shareholder of Lakehouse, holding 15.5 per cent, and has the backing of Slater Investments, the second-biggest shareholder, with 6 per cent.

The attempted ousting of the board comes a day after Sean Birrane stepped down as chief executive and was replaced by Stuart Black, the executive chairman, and in the wake of a profit warning last month blamed on a slowdown in work from social landlords and the installation of smart meters.

Shares in Lakehouse, which floated at 89p a year ago, rallied 5p, or 12.2 per cent, to 45¾p. "

[sharw] 09/3/2016 22:04

More detail including comment from Slater:

[sharw] 09/3/2016 16:03

It makes no odds because you have missed the point that the meting has been called by 21.5% - Slater with 6% and Rawlings with 15.5%. The latter results from him only selling 20% of his holding at flotation. (Steve Rawlings founded the group in 1988)

[rubberbullets] 09/3/2016 16:00

Rawlings has 15.5%

Black to walk the plank into the deep blue sea

[battlebus2] 09/3/2016 15:52

Yep just 5% needed, it used to be 10% until a few years ago.