Litcomp Share Discussion Threads

[the big fella] 24/9/2009 11:28

I didn't see that coming. 33p does not appear to represent a fair price. Strange.

[foodcritic] 24/9/2009 11:25

I thought it would be worth much more?

[foodcritic] 24/9/2009 11:23

LitComp Plc

("LitComp" or the "Company")

Statement Re: Share Price Movement

The Board of Litcomp notes the recent rise in the Company's share price and announces that the Company is in advanced discussions with a potential offeror regarding a possible offer for the Company at 33 pence per share in cash.

No final agreement has been reached and so there can be no certainty as to whether an offer for the Company will or will not be made.

This anouncement is being made without the approval of the potential offeror.

A further announcement will be made in due course.

[the big fella] 24/9/2009 10:15

Another move north.

[johndee] 24/9/2009 08:43

I am in for a small amount...2,750 shares (1000 pounds only)

[the big fella] 24/9/2009 08:32

Can buy and sell in reasonable size online (25k) spread 35.5 / 38.4.

[johndee] 24/9/2009 08:23

spread is big..........illiquid??????????

[glasshalfull] 24/9/2009 08:08

Nice start.

Regards,
GHF

[the big fella] 24/9/2009 07:46

50p would see these on a very low PE rating. I reckon double that is achieveable so long as the company delivers on projections (which are not onerus).

[lgpixels] 23/9/2009 22:12

think we will see strong pressure upwards on the shares, not going to be many willing sellers at anywhere below 50p

[glasshalfull] 23/9/2009 18:16

Just catching up.

I have to agree with the sentiment in that Litcomp have now moved the goalposts several times relating to the release date and would have REQUIRED to inform the market if there was anything otherwise adverse relating to results, otherwise they would simply be uninvestable.

On that premise, and given the market reaction, it looks like we are close to resolution of the bond issue.

Remember that they are forecast to have grown PTP circa 40%.
As long as Elite is performing in a similar vain to market expectations then these could be the beneficiary of a major re-rating IMHO.

I'm certainly not parting with any of my holding :-)

Regards,
GHF

[laserdisc] 23/9/2009 17:52

seems the buys on plus were all late this afternoon mkt seems to have taken a Positive in the delay

[abc125] 23/9/2009 16:48

Just looked at the LIN chart for 2009, and its closed at the highest point this year. Could be the start of an uptrend imo.

[laserdisc] 23/9/2009 16:45

well chaps we have waited in anticipation another week does not matter we will probably get a good run now till news

[egoi] 23/9/2009 16:45

If they convert mostly, it would certainly give the company the cash to make an acquisition and maybe these delays have been because there is something additional in the background.

It is not unreasonable speculation atall in my view, but as Bb infers what we don't want is a rush of pump and dump posters imho!

[abc125] 23/9/2009 16:41

LOL

I would agree though LIN is due a serious re-rating.If projections are unchanged, a lowly forward PE of 5 on EPS of 12p would give a share price of 60p. A PE of at least 10 would be more fairer imo given the growth prospects.

[laserdisc] 23/9/2009 16:39

15k trade on lse
&
12 plus trades

[the big fella] 23/9/2009 16:33

Great....that's all we need.

[abc125] 23/9/2009 16:14

The market does not seem to think the further delay is anything to worry about.

Maybe the auditors need more time to review the results in light of bond conversions. Last year, they put a 'going concern' rider in the results.

[egoi] 23/9/2009 16:03

If there is some additional news in the offing, then we could see imho a major rerating. That doubling trick of hangers you told us about TBF might be about to repeat itself imho!

He's a li'l diamond so he is! -:)

30p can't last imho if the bondholders are mostly going to convert, and now the market appears to have wind of something.

[8trade] 23/9/2009 16:01

TBF.

Maybe but in a 2 market maker 5p spread stock you cant pick and choose
when to sell all the time, sometimes you have to use the times they are
short if you hold 25k+ to bank a profit, not negative, just reality !

[the big fella] 23/9/2009 16:00

Why would you sell now. Been waiting for the re rating for months!

[8trade] 23/9/2009 15:58

2k buys moving it !

Anybody with size it's a rare chance to bank a much better price but
then it could be a lot higher if they continue to push it.

[lbo] 23/9/2009 15:55

Good rumour going aound on this but it all boils down to valuation! DYOR