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Real-Time news about Latchways (London Stock Exchange): 0 recent articles
|sharw: Well, that's it folks. Cash arrived today. Apart from those who bought at the share price peak at the end of 2013 this should be a respectable outcome even if not exciting. I have to wonder what may have happened without the bid (good cash generation, no debt, essential H+S product, moat provided by patents) but we shall never know.|
|huttonr: Good to see these contract wins - I think it's the first time they have announced this type of news. It should help the share price and also helps to confirm 'jimijimone' note of Nov 14.|
|huttonr: Results roughly as expected and the share price has dropped a little but reasonably optomistic comments so I think I'm still comfortable with this share.|
|huttonr: IMS reasonably reassuring, I thought, tho' we will probably see some share price drops with the interims in November?|
|huttonr: Investors Chronicle has published a Sell tip in this weeks magazine - summary below:
Latchways' share price has retreated from its 12-month high of 1,238p, but at 990p it could be in for further falls. Broker N+1 Brewin recently downgraded current year forecasts by 5 per cent to pre-tax profits of £10.9m, giving EPS of 70.1p. That puts the shares on a PE ratio of 14 times - arguably a punchy rating for a business that, despite its niche, basically sells safety harnesses in a construction downturn. Exposure to the euro only makes the picture worse. Sell.|
|pugugly: Oh what a lovely quiet board - Excellent results - Cash positive - legislation driven - I called it slightly wrong (post 46) Did not fall back as much as I hoped so did not top up but cannot complain as now up 170%.
LTC always looks expensive but so tightly held that unless a major problem I would rate a strong hold (if holding) and a very long term buy if considerig a purchase as unless there is a takeover bid I cannot see substantial yearly increases in teh share price. At a guess maybe 8% to 12% average over the next 10 years. (imo dyor all cautions apply etc).|
|huttonr: Results due next month and share price is beginning to move up already so perhaps we should be thinking about 1250p after the results?|
|liarspoker: The share price only just recovering to the level that Hearson added at:
Latchways Director/PDMR Shareholding
22 November 2007
LATCHWAYS PLC ("the Company")
The Company was today informed that Paul Hearson, Chairman, purchased 2,100
ordinary Shares of 5 pence each in the Company.
The shares were acquired at a price of #9.35.
Mr. Hearson now holds 56,580 shares in the Company which represents 0.5% of the
voting rights of the Company.
This notification is given in accordance with DTR 3.1.2R
Rex Orton, Finance Director
Latchways plc 01380 732700|
|toriel: Yes, Geovest's comment that LTC like to underpromise and overdeliver was one of the attractions to me of this company and made me keen to buy a position. It was the suspicion that the underpromising might be a little less significant this time that made me sell out after holding the shares for a couple of years. (The most important factor for the original purchase was that it has a leading position in a niche market, giving tremendous pricing power and strong margins - this is still the case.)
There's no doubt that this is a sound company which will continue to grow, but it looks to me as though the share price will pause for breath for a little while yet.|
|geovest: 'not seen any upgrades yet.
The latest rise in share price should now ensure that LTC gets promoted from the Fledging index to the SmallCap index, which is part of the All Share index, at the December review. This will result in greater institutional appeal and on the radar of more fund managers.|
Latchways share price data is direct from the London Stock Exchange