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LTS Litho Supplies

5.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 5.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Litho Supplies Share Discussion Threads

Showing 601 to 621 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
23/12/2009
02:02
I agree with a lot of greengiants points.
I HAD 75,000 of these but sold 60,000 @33p so I lose under a grand by not selling the remaining 15,000 last week, but I did not mess about long after the acquisisitions with any more risk
Obviously Andersons were a wash out never mind SINO PRESS or whatever it was.
These administrators are turnaround experts tho, and I'm not convinced that it is insolvent and I'm sure the VAT man can be paid.
What it needs to do is simply abandon and make redundant all non Graphics "taken over" staff, the rest must relinquish their final salary pension scheme (this in itself now falls into the government scheme, and , sadly, may be the end reason we get nothing back as no reincarnation will take on that black hole thats 100%), I do think they did the math, realised there was no way out for their directors jobs but to try with an administrator who could get rid of all the nonsense during the silly season and return to Litho Supplies UK, supplying print and digital stuff without fear or favour. Word got about not to pay them or buy from them and not pay the invoice, word got out they were doomed........poor old racg tho, bet he comes on saying he got out at a profit!!!!!
Directors are fair minded and shareholders, it is possible you will get something back from this........possible OK
If Litho Supplies is reduced quickly over the coming months, you may get an offer of one or few more pennies for what remains, but I cannot see a comeback because of the pensions, this is not a rip off of shareholders nor actual insolvency, other than cashflow/vatman, no one paying
Also it needs new salesmen drivers paid based on minimum wage plus, not £30K plus commission + pension + healthcare + free use of company vehicle contracts, of course new people will move in....and have undercut them without this pre-2008 wage burden
I'm sure if they can the directors would genuinely like to see you get something here......

mryesyes
22/12/2009
14:03
i expect the directors will pick this up for a knock down price.
abc125
22/12/2009
13:52
And there you go



gg

greengiant
22/12/2009
13:52
jotoha - the loss mentioned above does not include the mention of the bad debts mentioned in the IMS today. I know the companies that have gone under and what was outstanding to LTS. Also don't know where you are reading your numbers from. Even considering the improvement mentioned (and then backtracked) this allows for a H2 loss of £800k - £1.2m

Gross Profit - £2,191k
Distribution Costs - (£1,281k)
Admin Costs - (£2,185k)

Loss before Interest, Tax & Reorg - £1,275k

Reorg - £345k

Loss before Int, Tax - £1,620k

Good luck purchasing them, I think it is the quickest way to lose £2m seeing that it was only valued at £1.1m prior to its suspension. It is not about how much you can acquire them for, if you want I could help you buy the company from the liquidators (they will be appointed) for a nominal fee (£50k - £100k would be my guess). The issue will be the amount you will have to inject in working capital and redundancy costs because all employees will TUPE across.

gg

greengiant
22/12/2009
13:33
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"
jotoha2
22/12/2009
12:45
jotoha2 - unfortunately that is fantasy land.

1) Raise equity - nobody will put their money into this company, the company will lose circa £2.4m - £2.8m this year, the cash impact means that they cannot even satisfy their immediate creditors (hence suspension)

2) Trim costs, all ready done, unfortunately now the company will continue to lose customers which in turn will require further trimming and more redundancy costs (costs in leiu of notice etc)

3) This is the most likely option in my view, why be lumbered with existing debts when a pre-pack gets rid of that, however, will your suppliers have faith in you?

IMHO and with a good knowledge of this industry, whilst it is true that credit insurers have reigned back on covering this industry, there are still those out there that will cover it at a premium. However, you have got to ask yourself why LTS did not even have credit insurance on their customers despite the fact that a nunber of big customers went to the wall early.

gg

greengiant
22/12/2009
12:00
If they wish they could :-
1 Raise equity to pay down debt ( Not many shares in issue so no major dilution)
2 Trim costs to reflect difficult times, that includes major reduction in Directors fees.
3 Let the company go the wall and pick up what remains via the liquidator ( This is the normal route for rogues and crooks , and unfortunatley the city is full of them .)

jotoha2
22/12/2009
11:49
badhshah - Unfortunately it wont be that easy. The deferment of payment to HMRC is a minor issue, the bigger issue is that customers are all ready moving away and seeking other suppliers (I know a few people who buy off them).

Even if the company lifts its suspension, it is only a matter of time, lower sales means lower drawdown on their Invoice Discounting facility. Unfortunately this company is one that could be a case study in business schools - the managment were slow to respond to the changing market and made bad acquisitions which were badly executed and badly integrated.

Looks dead and buried now.

gg

greengiant
22/12/2009
10:58
So let's hope they get money from HMRC and survive.
badhshah
22/12/2009
10:22
We won't mention DVS then will we??
knowing
21/12/2009
23:57
Was tempted to unfilter knowing to read his wise words of wisdom
but him and cr are just both two bits pumpers of bad stocks when
it suits them !

No apologies from either when this company was clearly for avoiding !

21simthy
21/12/2009
12:57
there may be a very very dim light



gg

greengiant
21/12/2009
12:53
Is this the end or is there a hope for a dim light at the end of a long tunnel?
badhshah
21/12/2009
12:25
Ha Ha.

Running out of options/ideas now so playing the mental card !

You make yourself look desperate.

All i did here was warn people several times not to invest here.

I suppose that's what happens when you are right, you get all
the bullies saying you are nuts :-))

Have fun...ps...DCD looks excellent long term recovery play,
perhaps you could deramp that too ?

21simthy
21/12/2009
12:23
Anyone talked to the company?
sleepy
21/12/2009
12:18
LoL - who's attacking who?

Psychiatric help - get HateTrader - it's available on the NHS.

CR

cockneyrebel
21/12/2009
11:16
Post 204:

"Illiquid and hard to trade tho so caution required."

Post 216:

"This isn't for widows and orphans and little girls that don't know what they are doing. It's illiquid, it's high risk, it goes up and down 15% at a go quite often so it's volatile."

Post 273:

"Not for widows and orphans and whoosies like yourself. Not for short term kicks - you buy this and you live with the ups and downs on a daily basis and you wait 6 months to a year imo. They either go bust (which I doubt) or they multibag.

Post 290:

"Well I hold on the basis that if these don't go bust they must 1-5 bag over the next two years"


And there's plenty more like that that I posted HateTrader - you just prefer to forget it.

CR

cockneyrebel
21/12/2009
11:06
Sorry HateTrader aka Smithy but if you want to read the thread above I posted no end of times this was a 5 bagger or bust, not for widows and orphans or little girls like yourself.

Much as PDG was a 10 bagger or bust at 3p and came good.

High risk, never claimed it was anything else.

Seems to me the only 'thug' on ADVFN is you HateTrader.

CR

cockneyrebel
21/12/2009
09:03
21Simthy I dont hot Women so you are safe for now.
topinfo
21/12/2009
09:01
GG.

I told you, CR's disciples will twist this to make me the bad guy
in all this !

Oh and you can clearly see they are common thugs threatening me
on a regular basis !

21simthy
21/12/2009
08:59
greeengiant dont give smithy an inch the guy needs teaching a lesson
jakkata
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older

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