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Longbridge Intl Share Discussion Threads
Showing 151 to 174 of 175 messages
|Is this the end then - there is zero buying in this stock and none looks likely - and the smallest sale sends it into freefall|
|Yep....that's what I found when I accessed Greatfleets returns.....but what puzzles me a tad is why on earth did General Capital not only buy a large chunk at 15p but also loaned the directors of greatfleet money to purchase a great chunk of shares at the offer price of 15p.....additionally why did Greatfleet agree to 15p a share if the expectation by them and indeed GC was that the share price will plummet to 5p a share.....something doesn't add up but I can't see anything that (yet) backs up any rise to over the offer price of 15p.......but surely they all can't be mad or that daft.... can they?|
|I used to be in this one many years ago so thought I would research what this is all about today. You would be mad to buy at anything above 5p per share. Why? Well, have you seen the profits and assets of greatfleet for which they are paying £3.6m in shares. Also the share capital is going in the space of a year from 8m shares to 56m shares by adding 25m at 15p to buy greatfleet and 12m at 15p as way of placing. Incidentally, how come £1.75m placing receipts before expenses becomes only an estimated £1.1m after expenses. £650k expenses to raise a net £1.1m - talk about city fat cats getting all the cream. Finally, 8m shares to 56m shares is not the end of the story. General Capital lent them £250k by way of "A" series loan notes when Longbridge was skint in the summer which are convertible by way of 40 shares for every £1. You can be sure that these will be converted in the next 12 months as the acquisition cost of the shares will work out at a princely 2.5p per share! and 10 million extra shares will float onto the market to give us 66 million shares!! They are also talking about options for the new directors! Forget it IMHO|
|people seem to be bailing out slowly but surely............|
|Don't know but I'm keeping an eye on them....seems to have been a very small sell that has sent the MMs down 2p!....what I think is required is continual small sells to get the price into single figs and then I think we will have a buying opportunity.....don't know but if I were LGI I would have "cleared the decks" putting out all possible bad news prior to this aquisition.....LGI have certainly got a good reputation in their area of expertise,don't know enough yet about Greatfleet....more research required....I like the fact that the directors all now have fairly large personal stakes in the co. and will therefore be motivated to get the share price beyond the 15p placing and or provide a divi.....all long term stuff.....short term more research and let those nice MMs walk the price down in the mean time!AIMHO!|
|so where does the show go from here~?|
|The more you look into this the more it may actually not be bad news(LOL!).....might be one to buy into when re-listed on any fall in price after we get the full story....but here is another piece of news that whilst already reported ,the RNS did not actually say that Longbridge had in effect merged/bought Sequoia....if it is true then that may add strength to the co..???
Longbridge International plc, legal search and consulting firm, today announced the acquisition of the business of financial markets search specialists Sequoia Consulting. The arrival of the specialist team of six is in line with Longbridge's aggressive strategy to strengthen its search capability in the Banking and Financial Services sector.
The Financial Services team is headed by Jeff Bennett, previously a client of Longbridge when he was Managing Director at Bank One, prior to their merger with JP Morgan. Jeff joined Longbridge as Managing Partner and Head of Financial Services in 2004. He is joined by Alan Everett, formerly a director of BZW within the fixed income group. Alan began his executive search career in 1996 and has been running Sequoia for the past five years.
Frank Varela, Managing Director of Longbridge, commented: "The enhanced expertise offered by the Sequoia team will ensure that Longbridge is best placed to be at the forefront of developing trends in this sector. These are, namely, the consolidation of teams across product lines within banks and their increasing use of recruitment specialists on Preferred Supplier Lists, which requires the successful search firms to offer multi-product coverage.
"Our 12-strong Financial Services team of consultants and researchers is now one of the largest and most experienced within the City of London and well placed to compete at the top level. We are also ranked number one within the professional services sector and in the top 10 search firms in the UK working at senior level. We intend to develop our banking practice to the same levels.
New Partner Alan Everett, previously Managing Director at Sequoia, commented: "It's a natural fit. Longbridge is an established player in the Financial Services arena and, like Sequoia, is recognised for its successful methodology. The Sequoia team will enhance Longbridge's existing strengths, complementing the firm's capabilities in equities, fund management, client coverage and corporate finance."|
|Don't know....but something strange is going on....why was this not also an RNS a few days ago....looks like news to me.....looking back she has just taken over 3% stake in the co.
Fiona Stephens appointed Chairman of financial services, Longbridge International
Longbridge International plc, recognised as the UK's legal executive search and consulting firm, today announced the appointment of Fiona Stephens (Notes to Editors) as Chairman of Financial Services.
As the founder of Stephens Associates, the UK's first specialist financial services search firm, Fiona has extensive experience of working with domestic and international financial services clients in the UK and Europe as well as in the US and Asia.
Fiona's role at Longbridge will be to grow the firm's search business across the Financial Services sector, with particular focus on Asset Management and Equities. Her extensive contacts and 25 years' headhunting experience will also support Longbridge's wider business development strategy.
Fiona Stephens, Chairman of Financial Services at Longbridge, commented: "Longbridge is poised for growth. The firm has been realigned to mirror the changes in financial services and has recently appointed a number of experienced, specialist consultants. We are well-positioned to build a pre-eminent financial services search business."
Frank Varela, Managing Director of Longbridge, commented: "Fiona's experience in City financial services is unrivalled. Her appointment will play a major part in building up our banking practice to the same level as our number one ranking in professional services."
Other guy who has also just taken over 3% in the company is Michael Ellenhorn
(From the website)
Michael Ellenhorn leads the Longbridge European practice and is a US-qualified lawyer, licensed to practice in the states of Missouri and Illinois, as well as a licensed Solicitor, qualified in England & Wales. Michael has acted as counsel for Fortune 500 companies in numerous and wide-ranging corporate, commercial, insurance, fraud, tort, and contract matters. In the course of his legal career, he also developed a specialist labour and employment practice, acting for financial institutions and other service-based businesses. His thorough knowledge of the US legal market and extensive contacts in major European legal communities have been instrumental in assisting US law firms grow their presence in the UK and throughout Europe. Michael serves as the Chairman of British American Business' Transatlantic Business Development Forum and is an Executive MBA-candidate at the Sir John Cass School of Business in London. Michael has a working knowledge of French......
Looks like Fiona Stephens was appointed to her position on the same day that she took a stake in the co.......also looks like Bruce Page did not take any part in buying further shares........I guess we will have to see what happens when this is re-listed....either Bruce was pushed and these 2 who have just bought into the co. have been given positions of authority or it's all gone badly wrong just 1 week after the purchases....if it's the lattter I think that messrs Stephens & Ellenhorn must be a tad upset.....seems strange that they should have missed anything catastrophic?????????????|
|NOMAD and FD resigned?! Looks terminal. What's the story?|
|'ere we go!|
|My level 4 prediction on 13/12/04 was DAMN CLOSE!!!!!!
Need to find an entry point.......preferrably below 10p......
marcos Van Shagger........updating level 4|
|Any thoughts out there?|
|Keep hold of your balls.........there's a DRIP factor in pogress.........
Marcos Van Drip..................updating level 4|
|after promising interims a profit warning
|Post removed by ADVFN|
|Starting back up again:)|
|Break above 100p this month?
I can not see any resistance until 120p|
|And another 1.50p|
|AND ANOTHER 10.20% TODAY:)|
|Up 10% today|
|Anyone know anything about Noble and Company?
Longbridge International PLC
20 November 2003
Change of Adviser
The Board of Longbridge International plc ("the Company") is pleased to announce
the appointment of Noble & Company Limited as the Nominated Adviser and Broker
to the Company with immediate effect.
John Llewellyn-Lloyd, Noble & Company Limited 020 7367 5600
Matthew Longbottom, Lehman Communications 020 7266 3020
This information is provided by RNS
The company news service from the London Stock Exchange
|£1.00 BY XMAS?|
|Interesting comments above. Recruitment is one of the first to suffer in a downturn and one of the first to pickup with the market. The last four or five months has seen many recruitment stocks bounce up and Longbridge has been one of them. In fact it has added more than most. Interestingly though many of the others have seen pe's extend to 15 and therefore we could see LGI do the same. However, IMHO I would be worried about a recruiter hitting a PE of 15 so quickly. Many of those that are have yet to convert market sentiment into results (revenue and cost saving) and IMO it might be a tad early to rely on it. The market recovery for recruiters seems quite solid at the mo but it wont take a lot to turn it. Secondly there is quite a lot of legislation enroute in a new Employment Agencies Act hinted to be out next year which will affect some important fee areas (albeit LGI are less likely to be materially affected by this with their emphasis on senior perm placements)
What may be holding LGI back is the state of their balance sheet. While they have improved their NP Margin they still have a long way to go to claw back all that negative equity. If they can do it and there is much to support that they can then I feel sure LGI will see even greater increases in price|