Latchways Share Discussion Threads

[tjbird] 13/5/2015 10:16

Tiny buy here today

[tjbird] 07/4/2015 15:05

scsw comment page 7 prob broughtbuyers in

[gucci] 07/4/2015 10:15

Added here today

[cockneyrebel] 01/4/2015 11:14

A 5.4% yield at this price now.

CR

[johnpaul1] 18/2/2015 12:33

A solid company with no debt, producing niche products. Certainly undervalued here. Great divi.

[steveo18] 11/2/2015 11:58

retrace here

[steveo18] 11/2/2015 11:44

id say looks good for £10-£12

[steveo18] 11/2/2015 11:42

bought in early today

[superstardj] 10/2/2015 17:38

IMS tomorrow.

[alter ego] 03/12/2014 22:29

I hope you're lucky with your new holdings APAD. Rgds AE

[apad] 03/12/2014 19:36

Ta a.e.
The Scott article seems spot on and makes much more sense than the IC articles.
I never saw LTC as a relentless growth machine.
I bought a small holding as a starter for ten, and a few for myself as well.
It's a vote in support of the management really - we'll see if the weighing machine is in sync with the voting machine in due course.
apad
OT
I also went on a feeding frenzy and bought VEC/FEVR/TSTL/CSN - scary!

[alter ego] 28/11/2014 08:50

APAD, I think latch ways is a well run company with excellent products. I've held them in my own portfolio on a couple of occasions but sold out earlier this year in view of the outlook.

The dividend looks like being uncovered for the current year and poorly covered in 2016 but given the cash on the books, it should be safe. I take the view that even a good company paying a good dividend should be bought at a fair price and I think currently LTC is overpriced. This piece by Paul Scott sums it up for me - you need to scroll down to find it.

www.stockopedia.com/content/small-cap-value-report-17-nov-2014-opay-ltc-camk-mjw-87862/

if ADVFN muck about with the link use this instead

[apad] 27/11/2014 18:34

I'm managing a portfolio that needs to create income and the yield is making LTC look attractive. It looks as if it can be maintained and although 2015 will be weak the company is managed by people used to the cyclic nature of the industry.
So, I'm not overly concerned about the PER as long as the divi is maintained.

alter ego, I think their strong cash position and current assets less current liabilities figures mean that the divvi is not vulnerable.

However, although I am aware that IC has been promoting LTC I am new to the company so would welcome a counter view.

apad

[alter ego] 17/11/2014 09:46

interims out today (eps 17.34p) are consistent with forecast of 33.57p for full year. That puts LTC on a fwd p/e of 22. I'm surprised there's been no reaction in the share price and the shares continue to defy gravity. Perhaps the yield is giving support but sooner or later the reality that these shares are expensive must sink in IMO. DYOR of course.

[alter ego] 28/10/2014 13:19

I see the forecast eps on D igi tallook is 33.54 so quite a bit lower than I expected. That makes a forecast dividend of 39.6 look vulnerable. share price is inching down but I'm surprised LTC are still rated on a fwd p/e of 22.1. Doesn't look sustainable without a better business outcome.

[pugugly] 17/10/2014 11:39

ae:- If you are right re 40p then Mr Market might rate as niche but ex growth then a p/e of about 15 might be right given the cash pile

This suggests a price in the region of 600p might be right in these uncertain times (imo)

[alter ego] 09/10/2014 14:48

given the trading statement says earnings will be materially below last years level (50.7p) I suppose we are looking at no more than 40p. The yield will give some support but I can't see LTC maintaining a p/e ratio of 20. Where do others think they will bottom out, assuming no more warnings?

[salpara111] 07/10/2014 10:11

Ouch! nearly bought this on the back of an IC buy recommendation earlier this year.

[cutlosses] 13/8/2014 15:24

B-K

By the end of the week the way the share price is going !

[boonkoh] 11/8/2014 15:58

On the back of the latest trading statement, one has to wonder if realistically, LTC might not make any progress on the profit or EPS front this year, in which case it would be still overvalued at around 20x PE. There is the c.4% dividend which will put a floor on the share price slide, but I wonder if I could pick up some at around 900p soon.

[deadly] 07/8/2014 10:46

target price of 980p? It's already there almost

[boonkoh] 06/8/2014 18:42

Peel hunt issues a sell tip , target price of 980p. Broker feels that the recovery is already priced in.