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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lambert Hwth. | LSE:LMBT | London | Ordinary Share | GB0005017966 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 18.50 | GBX |
Lambert Howarth (LMBT) Share Charts1 Year Lambert Howarth Chart |
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1 Month Lambert Howarth Chart |
Intraday Lambert Howarth Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/5/2007 | 09:07 | Any other holders out there? | 69 |
| 09/3/2006 | 18:42 | Is LMBT well under valued ? | 11 |
| 16/5/2002 | 16:13 | Director dealings | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 18/5/2007 09:07 by greengiant Been shorting this one since 52p and have further increased my short. Only way the company will survive will be to raise funds at a significant discount to the current market price. That is IF the company can raise funds - there is no guarantee of that.This has got to be the most obvious short of the month! gg |
Posted at 28/9/2006 13:19 by ben value Arthur and hybrasil - you may want to look at/contribute to Rainmakers Value Thread VAL. There was a mention of LMBT in message 7. |
Posted at 22/6/2006 18:16 by high park Back in May, Investor's Chronicle rates this a sell and predicted profits of £2m this year.5 May 2006 LAMBERT HOWARTH (LMBT) Lambert Howarth's largest customer, Marks and Spencer (M&S), is driving an increasingly hard bargain. Discounts extended to M&S rose by £2.8m last year and this hit profits in the footwear division, which fell 22 per cent to £10.3m. And the homeware arm fared even worse, sliding from a £1.2m profit in 2004 to an £8.1m loss, reflecting weak retail conditions. In an attempt to reduce costs, manufacturing operations in Portugal and the Isle of Man were closed and replaced by suppliers in the Far East. But Lambert says it will now be hit by EU anti-dumping duty, which is soon to be imposed on shoe imports from China and Vietnam. Chief executive Garry Hogarth has now announced that he will stand down in June, to be replaced by Pamela Harper, previously executive vice president for accessories and shoes at Burberry. Collins Stewart expects adjusted pre-tax profit of £2m and EPS of 7p this year (from £5.3m and 15.1p, respectively, in 2005). |
Posted at 20/6/2006 14:21 by ok,yah Arthur, high parkI've got my beady eye on this as a value stock as well - I dont think there is a rush to buy though as newsflow is unlikely in the short term and I sense the summer will not be kind to stocks like these. Will maybe buy on any price collapse (!) or closer to results depending how it looks |
Posted at 08/3/2006 01:58 by scumdog I think the mkt capitalisation is around £40m not the £50m reported by ADVFN.The share buy back has not been taken into account in ADVFN's financials. The interim results showed a £2.5m PBT (excluding exceptional gains). Profit warning in January that results for year would be significantly below market forecasts, but that the company is strongly profitable. Therefore, PBT for the whole year £4m+? If so, share price is fair value. However, fears over sluggish retail spending continue and share price could well drift lower. |
Posted at 04/1/2006 14:04 by sharespotter the shares were particularly weak into the year end, so it could just be an unwinding of that. We are also still suffering a bit of a hang over from the very low strike price in the tender offer.Having said that I woudln't be at all surprised to see this company bid for - it looks extremely cheap to me. |
Posted at 27/6/2003 15:37 by skyship The vendors of the Orient Division - the two Arora brothers - still each own c.625,000 shares, ie a combined 1.25m shares (5.2%). This stock overhang continues to anchor LMBT, which would otherwise be well north of 200p, most likely in the 225p-250p range.Hopefully sometime soon the Company will be able to place that stock, then the long awaited breakout can commence...... |
Posted at 11/3/2003 10:02 by wirralowl Agree, Skyship - great results and an increased dividend (which the cover could easily accomodate) would attract more 'income' investors and assist the share price in turn. You only have to look at MRX today for evidence of this; EPS growth of just 6%, relatively high PE of 9+, but a maintained dividend of 8.4% and the shares go up 8%. |
Posted at 04/3/2003 14:40 by 049balt Iam glad that i am not the only one interested in lmbt. from what I hear the results will be good, and hopefully move the share price to where it should be. also hope for an increase in the divi. |
Posted at 28/8/2002 09:11 by wirralowl Interim Results on first glance look good. Marked up 5% odd - so market likes them too :RNS Number:4341A Lambert Howarth Group PLC 28 August 2002 28 August 2002 Lambert Howarth Group p.l.c. Interim Results Highlights * Turnover on continuing operations increased by 8.7% to #64.7m (2001: #59.5m) * Profit before tax, goodwill and exceptional items increased by 50% to #3.4m (2001: #2.2m) reflecting the cost reductions instigated last year * Earnings per share before goodwill and exceptional items increased by 46% to 9.8p (2001: 6.7p) * Successful integration of Natural Selection International SA into the Orient division * Strong pipeline of products and ranges in all three divisions Commenting on the results, Fred Vinton, Chairman, said: "Trading conditions during the first half year have been more favourable and combined with our decision to focus solely on our core areas of footwear, accessories and homeware, we have been able to significantly increase our turnover and profitability. Each of our three business divisions have strong new products and attractive ranges. In order to remain competitive, operational efficiency continues to be a priority and we are confident of making further progress during the second half." For further information: Lambert Howarth Group p.l.c 020 7258 9988 Garry Hogarth, Chief Executive John Gibson, Group Finance Director Financial Dynamics 020 7831 3113 Charlie Armitstead LAMBERT HOWARTH GROUP p.l.c Chairman's Statement The results for the first half year ended 30 June 2002 reflect the benefits of our decision last year to focus solely on our main areas of activity, footwear, accessories and homeware, and a more buoyant retail market place. Turnover on continuing operations at #64.7 million was #5.2 million higher than for the comparable period last year as a result of the stronger demand for our products. Operating profit on continuing activities, before goodwill, was #3.8 million, an increase of 41% over last year. Profit on ordinary activities before tax, goodwill and exceptional items increased by 50% to #3.4 million from #2.2 million in 2001, which reflects the benefits of the cost reductions instigated last year. Earnings per share at 9.8p calculated before goodwill and exceptional items increased by 46% from 6.7p last year. Your board has declared an interim dividend prudently maintained at 3.0p. The dividend will be paid on 6 December 2002 to shareholders on the register at the close of business on 15 November 2002. Operations Trading conditions during the first half year have been more favourable in consumer markets. Market competition is acute however and margin pressure is ever present. We continue to focus on increasing the efficiency of our operations to assure our competitiveness. Marks & Spencer division The division has achieved increased sales in both its footwear and accessory businesses in the first half year compared with the corresponding period last year. Demand for our products has been high, particularly ladies footwear, with the ranges we have created proving to be especially attractive to the customer. Our business priority with Marks & Spencer is to offer improved products, a faster market response and at a lower cost, on which our resources and management are directed to meet our customer's expectations. Brands division Our Brands division enjoyed a successful launch of its products in Spring with strong interest shown in both the French Connection and Lulu Guinness ranges of shoes. Each of the brands has a strong following in its own premium fashion market and the ranges are now available in the stores for the Autumn season. We are currently developing new products and ranges for 2003 when we will benefit from supplying the market over a full year. Orient division Our Orient division with its new Spanish subsidiary achieved increased sales over the corresponding period last year. The range has been expanded into nursery textiles and bedding and early indications are that the products have been well received. We have experienced pressure on margins with keen competition. Our strategy is to offer products that are differentiated from our competitors and we have invested in strengthening our design capability. We have successfully integrated our new Spanish company, Natural Selection, which we acquired in December 2001 into our management structure and the business is exceeding our expectations. The introduction of new products and an extension of the ranges is expected to increase our future sales opportunities and growth prospects. Board We are delighted to welcome Bobby Arora to the board, as announced on 10 May 2002. Bobby who with Simon Arora established Orient as a successful homeware business is now engaged with his brother in further building the operation as part of our group. Stockbrokers The board has decided it is timely to engage new stockbrokers who will assist us in the next stage of the group's development and Collins Stewart has been appointed to replace Cazenove & Co. in this role. Outlook I believe there are opportunities for the group to build on the half year performance and the board is confident of achieving further progress for the remainder of 2002. Alfred M Vinton Chairman 28 August 2002 Lambert Howarth Group p.l.c Group Profit and Loss Account for the six months to 30 June 2002 Unaudited Unaudited Audited Half Year Half Year Year 30 June 30 June 31 December 2002 2001 2001 Notes #'000 #'000 #'000 Turnover (including share of joint ventures) Continuing operations 64,666 59,481 130,618 Discontinued operations 447 6,776 22,807 Less share of turnover of joint ventures (896) (692) (1,512) _________ __________ ____________ Turnover 2 64,217 65,565 151,913 _________ __________ ____________ Operating profit Continuing operations before goodwill 3,770 2,679 9,285 amortisation Goodwill amortisation (1,748) (1,828) (3,440) _________ __________ ____________ Continuing operations 2,022 851 5,845 Discontinued operations 61 214 58 _________ __________ ____________ Operating profit 2 2,083 1,065 5,903 Share of operating profit in joint ventures 41 6 119 _________ __________ ____________ Total operating profit: group and share of 2,124 1,071 6,022 joint ventures Profit on disposal of surplus properties 3 99 830 851 Cost of termination of discontinued operations 3 58 (6,446) (8,559) Interest receivable 79 101 179 Amounts written off investments - - (106) Interest payable (586) (763) (1,523) _________ __________ ____________ Profit/(loss) on ordinary activities before taxation - before goodwill 3,522 2,114 5,797 - goodwill amortisation (1,748) (1,828) (3,440) - goodwill write-off on discontinuance - (5,493) (5,493) of businesses _________ __________ ____________ Profit/(loss) or ordinary activities before 1,774 (5,207) (3,136) taxation Tax on profit/(loss) on ordinary activities 4 (1,127) (571) (1,626) _________ __________ ____________ Profit/(loss) for the financial period 647 (5,778) (4,762) Dividends 5 (734) (681) (1,816) _________ __________ ____________ Retained loss (87) (6,459) (6,578) _________ __________ ____________ Earnings/(loss) per share (pence) Basic 6 2.8 (25.5) (21.0) Goodwill amortisation and write-off 7.6 32.3 39.4 Exceptional items (including amounts written (0.6) (0.1) 6.6 off investments) _________ __________ ____________ Basic before goodwill amortisation and write-off and exceptional items 9.8 6.7 25.0 _________ __________ ____________ Diluted 6 2.8 (24.7) (19.4) _________ __________ ____________ Lambert Howarth Group p.l.c Group Balance Sheet as at 30 June 2002 Unaudited Unaudited Audited Half Year Half Year Year 30 June 30 June 31 December 2002 2001 2001 Notes #'000 #'000 #'000 Fixed assets Intangible Assets 28,041 32,992 29,791 Tangible Assets 9,552 11,386 10,810 Investments 352 335 302 _________ __________ ____________ 37,945 44,713 40,903 _________ __________ ____________ Stocks 29,431 27,075 22,921 Debtors 12,137 13,260 13,326 Cash at bank and in hand 2,814 3,395 3,915 Bank overdrafts (8,262) (82) (2,377) Creditors falling due within one year 7 (22,971) (27,457) (23,592) _________ __________ ____________ Net current assets 13,149 16,191 14,193 _________ __________ ____________ Total assets less current liabilities 51,094 60,904 55,096 Creditors falling due after more than one 7 (5,355) (14,348) (9,182) year Provisions for liabilities and charges (168) (171) (168) _________ __________ ____________ Net assets 45,571 46,385 45,746 _________ __________ ____________ Capital and reserves Share capital 9 2,448 2,269 2,269 Deferred shares - 2,500 2,500 Contingent shares 250 750 250 Share premium 498 685 685 Merger and other reserves 22,545 20,224 20,224 Profit and loss account 19,830 19,957 19,818 _________ __________ ____________ Equity shareholders' funds 8 45,571 46,385 45,746 _________ __________ ____________ Lambert Howarth Group p.l.c Group Cash Flow for the six months to 30 June 2002 Unaudited Unaudited Audited Half Year Half Year Year 30 June 30 June 31 December 2002 2001 2001 #'000 #'000 #'000 Net cash (outflow)/inflow from operating (1,693) 323 7,163 activities Returns on investments and servicing of finance Interest received 79 101 179 Interest paid (731) (220) (1,549) ___________ _____________ _____________ (652) (119) (1,370) Taxation (1,319) (1,488) (4,410) Capital expenditure and financial investment 965 2,070 1,817 Acquisitions and disposals Investment in associate - (113) - Purchase of subsidiary undertakings - (447) (1,611) Net cash required with subsidiary undertaking - - 223 Disposal of subsidiary undertakings - 1,100 1,420 ___________ _____________ _____________ - 540 32 Equity dividends paid (1,135) (2,493) (3,174) ___________ _____________ _____________ Net cash (outflow)/inflow before financing (3,834) (1,167 ) 58 Financing Issue of ordinary share capital 4 56 56 Expenses of share issue (156) - - Loan note deposit made (3,000) (3,000) (6,000) ___________ _____________ _____________ (3,152) (2,944) (5,944) ___________ _____________ _____________ Decrease in cash in the period (6,986) (4,111) (5,886) ___________ _____________ _____________ Reconciliation of net cash outflow to movement in net debt Decrease in cash in the period (6,986) (4,111) (5,886) Loan note deposit made 3,000 3,000 6,000 Contingent consideration for acquisition - - 1,000 ___________ _____________ _____________ Movement in net debt in the period (3,986) (1,111) 1,114 Net debt at the beginning of the period (14,512) (15,626) (15,626) ___________ _____________ _____________ Net debt at the end of the period (18,498) (16,737) (14,512) ___________ _____________ _____________ Analysis of group net debt Cash at bank 2,814 3,395 3,915 Bank overdrafts (8,262) (82) (2,377) Loan notes (11,800) (17,800) (14,800) Contingent consideration (1,250) (2,250) (1,250) ___________ _____________ _____________ Net debt (18,498) (16,737) (14,512) ___________ _____________ _____________ Reconciliation of operating profit to net cash (outflow)/inflow from operating activities Operating profit 2,083 1,065 5,903 Amortisation of goodwill 1,748 1,828 3,440 Depreciation charges 389 416 1,022 Loss on disposal of fixed asset 7 47 45 Deferred income - grants (40) (44) (95) Movement in stocks (6,510) (6,190) (2,132) Movement in debtors 1,189 556 705 Movement in creditors (501) 2,645 (661) Exceptional items (58) - (1,064) ___________ _____________ _____________ Net cash (outflow)/inflow from operating activities (1,693) 323 7,163 ___________ _____________ _____________ LAMBERT HOWARTH GROUP p.l.c. NOTES TO THE INTERIM REPORT 1) Basis of preparation The interim financial information for the six months ended 30 June 2002 has not been audited and does not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. It has been prepared on the basis of the accounting policies set out in the Group's 2001 statutory accounts as modified by the introduction of FRS 19 Deferred tax. The financial information relating to the year ended 31 December 2001 is abridged from the Group's published accounts for that period which have been filed with the Registrar of Companies and on which the company's auditors gave an unqualified report under Section 235 of the Companies Act 1985 which did not contain a statement under Section 237(2) or (3) of the Act. The interim report for the six months to 30 June 2001 was published on 29 August 2001 and the accounts for the year to 31 December 2001 were published on 12 March 2002. 2) Class of business analysis The group is engaged in design, resourcing and distribution of consumer products to major retailers. In reporting our activities, the directors consider that the business constitutes a single class. 3) Exceptional items (a) Profit on disposal of surplus properties A surplus property has been disposed of during the period generating an exceptional profit on disposal of #99,000. The anticipated tax payable on this exceptional item is #nil. (b) Cost of termination of discontinued operations A reassessment of closure provisions during the period to 30 June 2002 has resulted in a release of #58,000 of provisions established in 2001. The anticipated tax payable on this exceptional item is #17,000. 4) Taxation Taxation for the half year to 30 June 2002 has been provided at the average rate estimated to be applicable for the full year of 32%. 5) Dividends An interim dividend of 3.0p per share (2001: 3.0p) which will absorb #734,493 (2001: #680,815) has been declared and will be paid on 6 December 2002 to members on the register at the close of business on 15 November 2002. 6) Earnings per share The earnings per share has been calculated by dividing the profit for the period by the average number of shares in issue during the period of 22,822,928 shares (2001: 22,690,830 shares). For diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all dilutive potential ordinary shares. The group has only one category of dilutive potential ordinary shares: those share options granted to employees where the exercise price is less than the average market price of the company's ordinary shares during the period. 7) Creditors Creditors falling due within one year include loan notes #6.8million (June 2001: #6million, December 2001: #6.8million) Creditors falling due after more than one year include loan notes #5million (June 2001: #11.8million, December 2001: #8million) 8) Reconciliation of movements in equity shareholders' funds #'000 Profit for the period 647 Dividends (734) New shares issued including share premium 4 Expenses of share issue charged to share premium account (192) Exchange difference arising on consolidation 100 ________ Net movement in equity shareholders' funds (175) Equity shareholders' funds at 1 January 2002 45,746 ________ Equity shareholders' funds at 30 June 2002 45,571 ________ 9) Issue of shares On 18 June 2002 1,785,715 ordinary shares were issued as part of the consideration for the acquisition of Orient Sourcing Services Limited. These shares were described as deferred shares on the group balance sheet at 31 December 2001 and 30 June 2001. Expenses relating to this share issue amounted to #192,000. 10) This report has been sent to all shareholders. Further copies will be available to shareholders and members of the public from the Company's registered office at 26 Manchester Square, London W1U 3PZ. Telephone number 020 7258 9988. This information is provided by RNS The company news service from the London Stock Exchange |
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