We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Litcomp | LIN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 35.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 35.00 |
| Top Posts |
|---|
Posted at 16/11/2009 22:36 by lgpixels Looks like they are struggling to get enough support for the bid!Why would any rational investor vote in favour of selling their shares at 35p, when they are worth double maybe treble the offer price. |
Posted at 06/11/2009 10:01 by egoi Well I could have held out for the extra couple of hundred quid or so, but I'm in a way pleased I didn't. I can put the money I raised to good use elsewhere and hopefully make that on trading in the time it takes for this to be finalised.It all goes to show many things imho, including that taking cash on a balance sheet at face value is not the slam dunk it might appear. I could express my personal opinions about what I perceive to be Mr Wray's attitude to fellow investors in this company, but I won't, suffice to say I never supported a team like Saracens anyway. They might be top of the league at the moment but like every other season, they'll blow it sooner or later imho. -:) PS: Is the rumour true Nigel goes to the games wearing a fleece? -;) |
Posted at 17/10/2009 08:56 by abc125 TroutJust re-read your post and you make a good point that this could all simply be about gamesmanship or brinkmanship - a sort of call my bluff between directors and bond holders. To elabarate, now that the offer is out in the open, the company can put forward two options to bond holders: 1)Do you except the 33p offer?; 2)If not, will you convert your holdings, as per the original intention?; I'm sure bond holders would prefer an option 3. Namely, a one year extension, whilst also retaining the risk free, equity/cash conversion option and a 10% coupon to boot. But the company may want to put this to bed now....and rightly so. A one year extension would be a bum deal imho for ordinary equity investors who would continue carrying all the risk. edit: I like you was also a little perturbed by the june profit warning (though technically they were correct according to DSC forecasts). The potential offeror may have walked away prematurely if the shares had re-rated rapidly before settlement of the loan note redemption in october. |
Posted at 14/10/2009 21:59 by lgpixels Directors should not recommend a takeover bid at 33p! This would be similar to their asset position (mostly cash) and on a current PE of 3, which is way to cheap. The directors said they "are pleased with the performance of the company across all sectors of the business and are able to look forward with confidence." Six months have passed since the year-end, so the business could of generated another million pounds in profit. Given valuations for similar businesses the shares could be easily worth more than £1.00 each. This is back up by independent research that was commissioned by the directors of the business. I would vote against any takeover at these levels, as it is not in shareholders best interest. Speaking with other investors I believe a takeover would not get shareholders approval. We may need to setup a shareholders group if directors do not take decisive action and reject this takeover, which is in the best interest of shareholders. |
Posted at 03/10/2009 17:13 by glasshalfull I've been assured that the board are exploring ALL avenues open to them. It would appear that their hands are tied re. bank finance & my own misconception that the freeing of credit markets could or would have assisted them, with the banks potentially throwing a number of obstructions in their way. I've been extremely impressed by Paul Lavender and believe that they are acting in our best interests. I would urge investors with missgivings make contact as I have. Regards, GHF |
Posted at 24/9/2009 15:02 by lbo Cant see Wray selling at 33p! More like buying! LOLEntrepreneur and serial investor Nigel Wray, known for his long-time involvement with rugby club Saracens, sees new goals for AIM-minnow LitComp. He has made a first investment in the £3.1 million 'after-event' insurer and supplier of medico-legal reports and litigation services following its recent move into the black. Wray, a director and major shareholder of private investment group Prestbury Investment Holdings, has bought 445,000 shares in Litcomp at 62p. He now speaks for 8.7 per cent of the company and holds £1 million of the £3.45 million of issued convertible loan notes. Wray, also a non-executive at telecommunications and IT staffing business Networkers International, as well as Healthcare Enterprise, will have noted LitComp's encouraging swing from losses of £580,000 to pre-tax profits of £830,000 for the year to March on turnover more than doubled to £6.23 million. Non-executive chairman Douglas Smith, one-time chairman of Scottish football team Hearts, says the return to profits was driven by the after-the-event insurance business. |
Posted at 24/9/2009 14:49 by abc125 Thanks for that link LBO:Nigel Wray Nigel Wray, studied economics and economic history at the University of Bristol and has been described as " Britain 's most successful living investor" and "serial investor and entrepeneur". Nigel is also non-executive Director of WILink.com plc, Chorion plc, Domino's Pizza UK and IRL plc, Seymour Pierce Group plc, Invox plc, Safestore Plc and several other companies. So he's a non exe at seymour peirce. That would rule him out. |
Posted at 07/9/2009 21:13 by abc125 MM's have a habit of fleecing investors. With microcaps, you can't sell on the way down, and you can't buy on the way up. If there is good news on the bond issue, you can be sure the MM's won't let you buy at the price you want. With that in mind, I added 4500 shares at 33p a few weeks ago - I bought them in 3 lots of 1500 - the max online buy limit. N.B. I expect new options to be granted to directors post results, but I do hope they are issued at a price well in excess of 30p; and dependant on some director buying. |
Posted at 12/6/2009 15:37 by jungle raver I took the figures from Litcomp's website but the investors page does look a bit old. |
Posted at 04/6/2009 11:03 by egoi Now that it has gone through the critical 30p level at which the loan notes became a positive, I think there is a real chance of seeing investor confidence soar here. One good day and we could be on our way a load higher imho. looking around it's hard to see many AIM stocks on this sort of valuation that haven't already had a significant re-rating, LIN's turn must be imminent.I'm actually tempted to add myself but very tight for funds at the moment! |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
