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LBB Litebulb Grp

1.125
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Litebulb Grp LSE:LBB London Ordinary Share GB00BXVMLV36 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.125 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.125 GBX

Litebulb Grp (LBB) Latest News

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Litebulb Grp (LBB) Discussions and Chat

Litebulb Grp Forums and Chat

Date Time Title Posts
06/4/201617:31Will Bluw you away - Litebulb Groups new toys124
25/3/201508:51Litebulb Group571
07/1/201314:04The Litebulb Group4

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Litebulb Grp (LBB) Most Recent Trades

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Litebulb Grp (LBB) Top Chat Posts

Top Posts
Posted at 02/3/2016 13:07 by clocktower
Good Luck!
Posted at 02/3/2016 07:54 by clocktower
What a give away - gross assets of £3.2m debts of £447k and you give it away to the senior managers for £1. I guess they might be the same senior managers that sold it to LBB in 2014. I bet that £1.7m loss in 2015 will turn around into a hansom profit by 2017 as I expect the management will be focused on the job in hand.

Looking back the company paid £500k in cash plus 182 million shares. That of course was before the consolidation took place but a hefty sum of money all the same.
Posted at 01/2/2016 07:47 by pugugly
CT:-
Statement now out

-

Reading between the line - Could well (imo) be the end of the road.
Posted at 11/12/2015 11:17 by yump
In retrospect, I wonder if this business was ever destined to make profits.

Reason being: if you just make pork pies for supermarkets, you get screwed on price, delivery and everything else.

But once you are set up in production, you don't often have to make any changes that incur significant time or expense.

... but if you are having to design and manufacture different stuff every year or over shorter periods... and you're still going to be screwed on price... and you've got royalties to pay...

that doesn't sound like a good business model, unless you can hike the margin to cover the repeating extra costs...
Posted at 09/12/2015 12:28 by pugugly
Sorry for any who still hold - The abrupt departure of the cOO (see 91 above) was a warning sign of the hurricane approaching and has now hit.

The $64K question is "Is there any value left at this price or will it limp into oblivion.

Odds anyone ?@
Posted at 28/3/2015 14:39 by neil78
Yes looking forward to the results Id not call any share price predictions especially here on the A.I.M but do feel Litebulb has some legs and feel US growth. Interest. Contracts maybe the what is needed to accelerate the share price as I think we are in stagnation mode hope that's not the wrong choice or words. But all in all I will remain a holder till some clarity direction is given if not then maybe time to move on. To others. After all I'm here to make some money and have patience but they aren't unlimited mind you I bought years back Amec for a pittance and it tullow oil the same and held through some nice gains but that didn't happen over night I'd say 5 years I've been with Litebulb half that so let's see
Posted at 28/1/2015 16:30 by rivaldo
Yump, my single post amply justified my opinion with no need for further explanation. Anyway....here goes again :o))

I said specifically that the valuation now is better and that IN THE PAST LBB's valuation looked expensive (particularly at a £30m m/cap or so, which assumed smooth, untroubled growth and which it now seems was over-optimistic).

I also made it clear that my reason for posting - my "m.o" - was to explain why the share price had fallen - the Finncap downgrade - and I also made it clear that I wasn't a holder.

I further made it clear that my reason for doubt here was that the company has now disappointed the City, and it may (or may not) take time for the markets to recover trust in LBB before attributing a proper rating to it.

What that rating should be is of course open to debate. If you believe LBB will achieve the new lower forecasts, then LBB seems cheap. If not, then it's expensive. The middle course is to wait and see if the company re-proves itself to the markets with decent numbers - which is exactly what I wrote the first time.

If LBB over time achieved a suitable track record, delivering on forecasts etc, then of course it would rate a higher prospective P/E. At present though, it's blotted its copybook.

Here's my prior post for reference:

"Per Finncap this morning, revenues for 2014 will now be £2.5m less than they'd forecast, due to lower than expected volumes and Agency division sales.

They've changed their forecast to a loss of £0.5m (from a £0.8m PBT). For 2015 they now go for £2.4m PBT, reduced from £3.2m, and 0.07p EPS.

I'm not a holder as I always thought LBB looked expensive. LBB will now have to recover the trust of the City, so although the valuation is looking better now - if only on a forward basis - it may drift further until the next set of figures to June'15 and we can assess whether those 2015 figures look reasonable."
Posted at 28/1/2015 14:11 by rivaldo
Beth21 in post 533 asked "the share price seems to take an opposite direction.....what could this be".

I answered since, as a fellow long-time lurker here, I knew exactly why the share price was dropping as it was due to Finncap's downgrade and LBB's failing to meet forecasts. No-one else here seemed to be privy to this info, so I was being helpful - and I also offered my opinion on the share since I was here to clarify my stance, never having posted here before.

Yump, if you cannot contemplate a single mildly negative but rational and balanced post on a share you own without getting personal, then you have a problem. At the same time you ignored and failed to address the useful info I gave (for which for some reason there was also no thanks!). The same happened when I made a single opinion post on another share you own.

So we all have our faults. I don't care about being nice, but I don't like to see posters spoiling bulletin boards and stopping open discussion, which is what you appear to be doing. Let's stick to stock-specific discussion.
Posted at 05/1/2015 08:39 by yump
If its any help...

I bought these on a year view based on the forecasts of around £3.5mln pbt and 0.1p eps in the market.

However, those are I think pretty rough estimates, so there needs to be some 'wriggle room' for safety.

At the point where they appear to be on a growth path with profits, the p/e should rise to at least be significantly higher than 10. I'm just basing that on what happens to lots of companies moving into profit.

So the range for me came out as:

On target at 0.1p eps X p/e of 10, would be 1p share price, very conservative. x p/e of 15 gives 1.5p share price end 2015. If they did 0.1p and the economy is stable, it wouldn't be surprising to get a p/e of 20, which would give 2p share price.

If they miss and get eg. 0.075p eps, that is still good growth, so worst case a p/e of 10 x the 0.075p = .75p share price, or better a p/e of 15 x 0.75p which is around 1p.

So in summary my worst case was 0.75p and best case was 2p+.

Not exactly a no-brainer, but it illustrated the risk/reward well enough for me to buy in.

Finally, if they grow revenues from 24mln to 35mln as forecast, that is quite a growth rate, so the following year could provide fireworks if the profit drops out accordingly, but that's a long way out.
Posted at 04/1/2015 17:17 by yump
If you look back over some other companies that have started to have rapidly increasing share prices (excluding the loss-making hype ones), they all start with a fairly pedestrian yearly increase in share price. (Although I don't see how 50% in a year or so here could be called pedestrian).

Anyway, at the time they are steadily increasing, a lot of investors want more.

The point is that out of all the times to buy, the slow growth time is the one that doesn't expose you to a huge risk, providing you can see growth for yourself. Once the share price is up and away, the p/e often increases to risky levels.

At which point, if you're not invested, you look back and wonder why you didn't spot it earlier, although quite often nobody actually knows why the share price has taken off properly... and most times nobody really will.

If there's no growth in revenue or profit, then the 'flying' will never happen except as a fluke hype. If there is growth in revenue, its not difficult to work out what rating the share would be on, assuming certain profit figures. Then at least you know whether a valuation is years ahead, even when profits flow, or potentially only a year ahead as soon as a modest profit appears.

Probably preaching to the converted, but there's nothing worse than looking back to a share that you 'should' have bought, but thought it looked to be boring at the time. Or worse, one that you sold because you were bored and nothing else.
Litebulb Grp share price data is direct from the London Stock Exchange

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