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Real-Time news about Legion Group (London Stock Exchange): 0 recent articles
|mudbath: LGNG looked doomed to me even when the share price was at 2 pence.
Margins,debt levels and most importantly insufficient cash flow to meet current liabilities suggest that the end is approaching.Remember that one of the directors is owed £1.5 million-due in Sept 2010 and he is not going to want to convert into shares @ 1pence.
SELL whilst you can remains my opinion.|
|only1buster: Grand crearance sale. security company, one of top ten by turnover in uk, 60 million turnover, 16% gross profit, offers over 6 million, quick decision on any sensible offfers. IMO a company with a strong balance sheet, cash reserves and disiplined management could aquire a real bargain buy here. The shareholders have had nothing to show (losses in the divi, substancial share price and dilution excepted) in the past 5 years - the prospct of jam tomorrow has been dangled before us and not delivered - time for another change in direction.|
|dunluce: Nice to see an early rise here. Hopefully with the issue of the loan notes ( and the companys confidence in early repayment) we can - (the market can) stop worrying about short term cash flow and look at the longer term picture. The fall in share price seems to have been well overdone - but hardly surprising considering the fragile state of the markets last week and the uncertainty over the situation at LGNG. Perhaps I'm clutching at straws but the markdowns were on meagre volume. Certainly the lack of communication from the company does not do it any favours.|
|only1buster: 60m turnover,16% profit, 5 million market cap, 70% fall in share price in 3 weeks. - if ever a company owed an explanation to shareholders legion does - RNS NOW! The shares should be suspended until an explanation is published.|
|only1buster: unfortunately legion do not often communicate with shareholders - they only seem to continue to dilute shareholders funds and give nothing in return. this company has expanded by issueing more and more shares, taking on more debt and liminating the dividend payments. In a five year period the issued equity has more than doubled, the share price has retreated from 4.5p to 1.5p,and no divi is being paid due to the debt. The takeovers completed in the last few years have IMO in no way so far "resulted in benefits to all our stakeholders, be they shareholders ETC" (REF chairmans statement interim report 2009 -page 3)It is time shareholders receive some crumbs from the table.|
|only1buster: a 50% drop in share price in a few days - explanation from the board perhaps !
dont keep your long suffering shareholders in the dark|
|swwikmi1: the accounts when released will come under close examination to see what level of progress has been made, in particular what level of debt remains. running a tight ship must be a priority in these troubled finanncial times when cash is most certainly king. A year of consolidation is needed to fuel any progress in the share price.|
|stegrego: Why would they announce a results date when they arent due till September?
Rumour of cash shortages from hamida or elsewhere?
No progress in share price because of no news and awaiting results perhaps?
Or a trading update.
Director came with the CEO, old partner - perhaps they had a fall out?
Turnover is no good unless you make a profit and thats why mkt cap is so low, until proven otherwise.|
|only1buster: no recent upbeat messages, director departs suddenly, no date for year end results, rumours of cash shortages, no progress in the share price, a company whose turnover might be 60-70 million with a market cap of around 10m - smells a bit fishy - answers from the company required URGENTLY|
|only1buster: it is now 3 months since the last update of progress. Dispite the very low share price there has been no futher director buying, the last being at 1.88p. The last RNS was very upbeat, I wonder if the company sharegraph is causing the directors any concern given the market cap of less than 9 million. Shareholders should not be left in the dark having consistantly seen their holding diluted and the share price dropping over the last 4 years. Add to that the loss of dividend, you hace a company with many questions to answer. Communicate with your shareholders.|
Legion Group share price data is direct from the London Stock Exchange