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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Longmead Grp. | LGM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.00 | 7.00 |
| Top Posts |
|---|
Posted at 28/2/2005 14:38 by jasperminka LONDON (AFX) - Longmead Group PLC, which supplies bathroom fixtures andfittings, reported a trading loss for the year to October 2004, as sales fell due to delays in deliveries from the Far East. The group posted a pretax loss before exceptionals of 264,000 stg for the year to Oct 30 2004, compared with a loss of 256,000 the previous year. Sales dropped to 2.5 mln stg from 2.6 mln due to delayed deliveries, cancelled promotions and one customer switching to direct imports. The main impact of these factors was felt in the second half, when sales fell to 1.1 mln stg from 1.4 mln in the first six months. After crediting exceptional items of 317,000 stg, Longmead achieved an overall full-year pretax profit of 53,000 stg, compared with a loss of 734,000 in 2003. Deliveries have improved since the year-end, and this, together with a new range of products, is expected to lead to an increase in sales in the current year, Longmead said. "The current year has started quite well and the company is trading profitably to date," Longmead said. It also said it plans to raise additional equity through a share placing and is holding talks with potential investors. |
Posted at 21/1/2004 20:31 by jasperminka BozzyI agree, but am loathe to do anything that might be construed as ramping. LGM's website full of pretty pictures of bathroom equipment (very nice they are too - must buy some for my new house "Aerobox Castle") but no info on Investor Relations or PR enquiries. SHouldn't they get a PR firm to subtly point out their undervaluation to those who affect these things (MMs, small cap fund mgrs etc)? Having said that, the more I do the sums the more I'm fairly convinced that in near to medium future someone will notice the NAV status and price will shoot up 5 or 6p at least. All IMHO of course. |
Posted at 21/1/2004 19:24 by bozzy_s Good work Jasper, I like the research you have done. Let's hope this thread becomes busy with new investors in the coming weeks.I was amazed to see no trades at all yesterday when the news of the Warehouse disposal was announced. If the company can cut costs, and at least return to break-even, then they should be trading in the region of 30p per share. The correct market cap is actually £920,000 (5.5m shares in issue currently). Net assets at last balance sheet date of £1.86m, profit on disposal of warehouse of £370,000 makes £2.23m. Exceptional costs to be incurred of £475,000 re. reorganisation of the group. That leaves net assets in the region of £1.75m. However, given that the warehouse yesterday was sold for £370k above it's balance sheet value, I wonder how much the remaining fixed assets are worth? The company has stated that operating costs were to be reduced significantly, and had been reduced by July 2003 - see results. Therefore, I believe that £1.5m+ would be a fair valuation of the company, equivilant to 27p+ per share. I am happy to have bought at 16p! We need some publicity to move on from this level... |
Posted at 19/1/2002 15:49 by gurp as an investor I can't understand punters (sic) buying shares on such large spreads ( why encourage it and give mm's excessive earnings and don't argue that they aren't being greedy )eg on the above - buy at around 23p, share rises nearly 40% yet you can still only sell at around 25p, seems too big a risk to me, any fallback and you are stuffed I bought mmg recently when 62/63p. soon after it was marked up to 62/68p and several people bought - I certainly wouldn't hard enough to get a share that rises without needing a whacking % rise just to break even. it encourages manipulation |
Posted at 18/1/2002 16:09 by boyinblue Much as I like this Company I think it is a disgrace that a so called professional investor tip site can recommend a share with an enormous spread(18-23p this morning)and a nms of just 1000 shares.Are they that desperate at t1ps/wotshot to boost performance?.The rise today was on the back of 2 early purchases of 2000 shares at 23p,then 30p!This is the sort of unprofessional tipping the FSA needs to look at and look into any recent buying from those connected to the tip imho. |
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