||EPS - Basic
||Market Cap (m)
Real-Time news about Lon.&Boston (London Stock Exchange): 0 recent articles
This company started life as an investment company, investors bought on the basis that companies would be picked up at the very early stage and brought to market, at which stage the investor would recive the handsome dividened. That was the prospectus, PSG was one such company bought and paid for by the initial investment. Had this company been sold as per the previous boards recommandation every shareholder would have had a divi, instead we have a situation where everyone except the investor loses out ( unless of course you bought at 4p )The company has changed and the winners are the board and the institutions, why has nothing been put in place for the small shareholders,a rights issue, or warrants, could have been offered, we might pick up the benefit long term, but the directors have stuck one finger up to small investors, the very people who many years ago gave life to this company. As I said our investment company has been stolen,and the crown jewel "PSG" shared out between the theiving gits,that call themselves directors. Had the company been sold for the valation lbn themselves quoted ( £18m ) the dividened would have been @10p instead we have a share price of 6p and all the perks going the the fat cats.|
|androyd: If the investment hadn't been made ,the share price would, in my opinion be at a higher level than it is now, in fact this decision may have sparked off the srategic review, my point is that the board are answerable to shareholders, this decision to invest in ETQ was against company strategy and all i'm saying is that an explanation is warranted.|
|thefruits: Ok... here's my starter for 10...
Current mkt cap = 11.4m (at 6.125p)
Shares = 186m
Dilution of 10 for 1 means that shares will equal 18.6m
+ 8m new shares = 26.8m
All at 50p = Mkt cap of £13.4m
Hence current holding of 100k would be worth £5k then but £5.750 today. So seems ought to sell today and buy back but....
If we think that the real value of this co is £15m (PSG) ?, + ?? for the others... then we might get to a real value of £20m+, giving a share price of 75p to £1 easily
Is this daft ?|
|joesoap2: well someone thinks its badgiven the trades today.
Despite everything, I remain bullish (given what we know). Leaving aside everything else, it is said that PSG is valued at £18m. Even if it is half that, then that is equal to the current valuation of the company at present.
If the value is correct, then even if some subsiduaries are worthless, the share price should be double what it is now on PSG valuation alone.
Confidence needs to be restored URGENTLY and only the Company can do that by making an announcement SOON that clarifies the whole position.
Once investors know what the position is then and only then will the share price rise - assuming of course that there is no major major problem with the companies finances.
WHATEVER THE POSITION IS TELL US AND TELL US SOON|
|androyd: I still don't understand Mr Komlosy's behaviour leading up to his removal, it seems to me he actioned some sort of scorched earth policy, perhaps, after learning of his demise, he invested 750k in ETQ, a company which now looks like it's on the edge of the abyss, that decision was against company strategy and without shareholder approval,he also announced the decision to float PSG, with hindsight that looks to me like a move to provide a short term boost to the then flagging share price, and then he released interims a couple of months earlier than were expected, and now, two months after the announcement of a strategic review, the share price continues to drift lower and we have two of LBN's associate companies (ETQ & NCS) on the brink of extinction, the sooner shareholders are informed of the status quo the better, one thing you can be sure of ..., there's either good news or bad news in the pipeline and it's important that whichever it is, is released soon!!|
|truffle: Avatar Systems may well be worth a look.
According to my screen they rose 55.4% yesterday in the U.S., albeit on low volume and a wide spread.
I suggest that page 3 of the 2005 accounts (Investments)should be considered
alongside note 5 on page 24. The share price (and the exchange rate) would appear to have moved in LBN's favour.
What does anyone else think?
I agree entirely.
I am a shareholder and I am clearly keen to see the share price rise. I cant see any reason to sell PSG and if the value of it is anything like what the flotation price was muted at then it is worth more than the share price of the whole Company. Clearly that is ridiculous and the share price should be north of 20p.
It is also clear that the current share price reflects the uncertainty around the Company at the moment together with the rumours that are going round.
A swift but thorough review of the whole group is required which hopefully will reveal no problems. Then we should see the price rise significantly.|
|joesoap2: interesting article in Financial pages of Mail on Sunday today about LBN which throws a bit of light on the agm meeting when Steven Komlosy resigned and the egm was withdrawn.
It all revolves around Komlosy's wife - former 70's singer Patti Boulaye and and an African charity she runs. Appears that LBN funds may have been misused and that Jonathan Mervis is doing a review and investigation in to it. It goes on to say that it is thought that Julie Hester was the main force behind all this so at least it clears the air a little bit on the uncertainty of the reasons behihnd Komlovsky's sudden departure. Apparently once he offered his resignation, the egm request was withdrawn.
The investigation is as a result of concerns over the firms link with the charity. Mervis has said he has only just begun the investigation and so far has found no evidence, but he will eaxmine all LBN's affairs and if that means uncovering a black hole 2 or 3 years ago he will do that. His first priority is to sort out performance but he has a wide brief and will be loking at all aspects of running the business. He agrees that rumours have been swirling about this.
It is quite a long article but that is the main jist of it as far as LBN is concerned.
The rumours that have been swirling around are probably the reason for the depressed share price. So let's hope this is the bottom and it will recover from here. - Fingers tightly crossed !!!|
The proposed share consolidation is to be ONE new (10p) share for each FIVE existing (2p) shares. The reasoning is presumably that when the share price has more weight (each new share should be five times the value of the old) it is less likely to be thought of as a `rubbishy penny share`......the mm`s spread should reduce (in percentage terms) and the shares will presumably become more marketable, and consequently self-propelling as a result.
There are at present 186,902,829 shares in issue which represent just under 75% of the present authorised number. More interestingly, however this will fall to 37.5% when the authorised share capital is doubled at the agm.
This suggests to me that plans are afoot to make some acquisitions which will be paid for with some of those unissued shares. It also occurs to me that if the present unissued capital was insufficient, then such deals may well dwarf the past ones - particularly when you consider that after the flotation of PSG lbn could be bulging with cash. I refer you to posts 655 & 656.|
|grahamburn: I posted this on the ETQ board 45 minutes ago, but no one has responded. Maybe it's a bit too technical for the level of debate on there, so - though I have not looked at the quality of debate here - as LBN are part of the "investtor group" involved in the ETQ loan notes, maybe someone here could help. Thanks.
"Probably mis-read the (ETQ) RNS, but can someone explain whether the 'investor group' are subscribing to 1.5m DIFFERENT shares to the 1.5m shares (approx.) which are being offered to existing shareholders on a 1 for 1 basis at 1p. Or are they one and the same.
If they are not the same, then the company is raising approx. £3m from this exercise (well in reality it's only £1.5m because the shareholders fundraising is designed to pay off the £1.5m loan notes), but the existing share capital is being multiplied (or divided depending on how you look at it) by 3 (ie there will be three times the number of shares in existence at the end of this exercise). So where does the (ETQ) share price go from there? Sub-sub 1p? Or rocketing away? After all, why would two experienced investors throw good money after bad?"
Or maybe LBN will simply takeover ETQ lock-stock-and-barrel?|
Lon.&Boston share price data is direct from the London Stock Exchange