Share Name Share Symbol Market Type Share ISIN Share Description
Litho Supplies LSE:LTS London Ordinary Share GB0005196257 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 49.2 -1.5 -7.0 - 1.11

Litho Supplies Share Discussion Threads

Showing 626 to 648 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
02/3/2010
21:24
MCR will no doubt send Litho holders an update which looks basically to be: (1) We have sold all the divisions off for £1 each, savings actual peoples jobs (2) We have paid off all the creditors (3) Litho has saved on redundancy payments (4) Litho is paying our fees of £Xm (5) The former Litho Supplies Plc (Co No 123) no longer exists and is delisted permanently (6) Following from (5) there is no surplus to distribute to shareholders and the defined benefits pension scheme will be formerly taken over by the UK Govt scheme to guarantee that all its obligation to its pensioners will be met
mryesyes
01/3/2010
23:20
http://www.mcr.uk.com/muro-digital-division-of-litho-supplies-uk-limited-sold-to-zerographic-systems-limited.html
knowing
01/3/2010
23:15
http://www.mcr.uk.com/creditor-guides.html Funny no mention of Litho now.
knowing
17/2/2010
15:24
not any more
whiterussians
13/1/2010
17:57
The final position (putative) is as follows: The Administrators are in a position to pay the remaining creditors of Litho Supplies in full, including the VAT man, following the sales, and to permit the newly established companies to carry no ill will with suppliers. All remaining monies are indeed being vredited to the Litho Supplies in Administration Final Salary Pension Scheme, and it is not anticipated that there will be a distribution to shareholders. As I expected this permits Litho Supplies plc to fold in such a way that those in the Litho Supplies plc Final Salary Pension will have their defined benefits met in full from the UK government scheme, introduced during the last decade. This is a warning to the likes of M&S, BAE, BT and other shareholders with final salary pension deficits to avoid going long on stocks paying defined benefit salaries that administration and rebirth can be used as a method at their cost.......to free a plc of its pension liabilities
mryesyes
13/1/2010
17:36
That I will get nothing is quite possible, but the article does not say anything on (1) The price paid to Litho Supplies in administration or (2) The state of the plc following the sales It is merely a piece of journalism for the print industry, not a statement of the administrators. I do not disbelieve what is written there, but it is not proof we will get nothing, we will hear that from the administrators along with the creditors, as stakeholders under the Companies Acts
mryesyes
13/1/2010
11:42
mryesyes, I hate to tell you but the company has been sold to Hilco and GAE and Graphics plus has been sold too. http://www.printweek.com/news/977067/GAE-Graphica-Plus-sold-administrators/ You will get nothing - sorry to say gg
greengiant
13/1/2010
11:28
Well richyy, I think that is understandable, although I doubt you had much left in value terms here, the last selling price before admin was 4p so if your other shares are going up overall, your portfolio is fine. Basically if you kept almost any large portfoilio fro 13/3/09 to now, you have nothing to suddenly cry about The printing mag Knowing refers to is in any case just a printing trade mag looking for a story. There is no confirmation to my knowledge from any finacial source to back it up, nor from the company or its administrators we may get nothing, but the article only said the guy was changing the name of an existing company to Litho Supplies with the intention of buying it out of administration We do not yet know if anything comes of this story, but since the name Litho Supplies was tarnished, and usually these people do not have any money, I would anticipate these administrators would not sell to him unless his offer was in the interest of stakeholdrers. The article may have been self publicity by the man referred to
mryesyes
11/1/2010
16:11
Ouch! My new year's resolution is to set fire to some cash at least once a week, just to toughen myself up. (I also regularly punch myself in the balls.)
richyy
05/1/2010
22:48
crumbs so we get nothing, bit shocking, what?
mryesyes
05/1/2010
14:52
http://www.printweek.com/PrintWeekDaily/News/975736/Litho-Supplies-bought-administration/?DCMP=EMC-PrintWeekDailyBulletin
knowing
29/12/2009
18:52
What were the sales on PLUS for LTS Te Hee? There is only one MM for this stock I think you are a first time poster on here "Knowing" BTW made a net gain on PLUS tiddlers? I considered Ascot Mining but never bothered I only use it to top up holdings in Redrow, RDS B, GSK,BP, and one other You sound a bit angry. Ho Hum.
mryesyes
26/12/2009
23:53
Note that only 2 trades took place this month, one sell of 30,000 @4p then 1 buy of 9500 @ 5.49p How many times do people need to tell you to look at PLUS?
knowing
25/12/2009
00:41
"At this stage, it unclear how finishing equipment supplier Graphic Arts Equipment is affected, but a spokesman for the subsidiary said yesterday that "it still operates as a separate entity and will continue to trade as normal through these circumstances". This bit is taken from printweek. GAE is trading as a separate entity. Does this mean if the other three businesses are sold then GAE will trade as normal under the parent company LTS?
badhshah
24/12/2009
18:06
There are 3 companies in joint administration. It would appear to have been a snap decision by the CEO and Non execs and other directors, perhaps following a good pitch from the administrators. Note that only 2 trades took place this month, one sell of 30,000 @4p then 1 buy of 9500 @ 5.49p So no one knew, or if they did could not work out if it was worth selling B4 admin.......significant... The directors only have give or take 100,000 each in most cases, although they cost them £50,000 each. The price of the shares and the lack of trading activity meant that a hostile takeover was a risk, but a better price can be obtained after administration has been used to get rid of the absurd wage bill and disjointed companies. The question we all want to know is do we get anything..... The answer probably turns on the pension situation. If the administrators can get the final salary scheme onto the state and pay us, we may be quids in. As for creditors, only the VAT man is a a short term issue. Clearly they had assumed invoiced amounts would pay the VAT bill. Then they went into overdraft, asked the VATman for more time since much of the VAT was uncollected, the VAT man refused a defer date and it probably came down to "will we sleep better at night in MCA's hands than let this go on" and they finally took the decisive step in an attempt to end the rotten luck and mismanagement (thinking it was a bit boriong just being a distributor and they would use surplus cash to become "part of the industry" and they wrre sold rubbish businesses)....then, a recession!!!!!!!!!! This isc NOT a situation where "there is nothing left after creditors have been paid". Worst case is the plc is written off with the pension and the companies resold. Still, I forsee a vote on a return of capital of under 4p on the balance of probabilities.....these guys are not cowboys and highly principled
mryesyes
23/12/2009
23:33
Would it be possible to get some money back then? Shares-are they still worth anything or the best place for them is a dust bin?
avt073917
23/12/2009
22:11
The company will not be bought, only the assets and goodwill , those are the facts .
jotoha2
23/12/2009
19:09
Grengiant , have my accountants looking at it , as there are confidential issues here , am unable to say more , what I would say is there is lots of interest from outside parties , and present Directors. Ps my £2million valuation was based on present turnover and margins with no skeletons in the cupboard.
jotoha2
23/12/2009
19:06
jotoha2 - 22 Dec'09 - 13:33 - 440 of 450 Greengiant , not to sure where you get your £2.8m loss from , last interims shows profit of £300k and after reorganisation expenses this comes out to £1.3m loss , so the business can generate profits ,am sure admin costs are sky high , so lots of potential for trimming there , I would gladly pay £2 million for it and take on the debt , maybe I will when the liquidator puts up the "for sale notice" Should I look for your purchase to go thro'? £2m will easily buy you the company. gg
greengiant
23/12/2009
18:33
I think you are clutching at straws here , for Litho to continue MCR will have to introduce a cva whereby debts will be repaid at an agreed level , say 10p in the pound , it all depends on how the creditors want to play it , liquidation is the normal route , and nothing for shareholders.
jotoha2
23/12/2009
18:33
http://www.mcr.uk.com/assets/_files/documents/dec_09/mcr_uk__1261390152_Business_Lite_Memo.pdf
knowing
23/12/2009
17:56
If you are going into admin because you are insoplvent you do not use MCR, you use Baker Tilly or Price Waterhouse who share the money out between themseves and the creditors. That is NOT the situation here. Also by going into admin yesterday, it failed to make the mass media. All units continue to trade. Policy is to supply customers at unbeatable prices on pro-forma invoices, no problem if you are buying print consumables since your guarantee comes from the manufacturer. You see, the acquisitions were a double whammy because all the customers started to wonder if LTS had an interest in selling them X over Y The proof that they had failed to learn this fundamental error was the recent link up they made with Mitsubiishi. If Amazon started to buy publishers and to push their products, what effect do you think it would have on them....and their reputation?
mryesyes
23/12/2009
17:48
Have a look at MCR's website, thery are turnaround specialists, with administration as one option in that. Also handling Books etc to get money for its owners Also they will enforce all debts, make mass redundancies, and allow/advise the directors (all of whom are shareholders) how to proceed. The VAT man will be paid first.
mryesyes
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
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