Longmead Share Discussion Threads

[jasperminka] 26/2/2004 16:23

Mainly buys, good figures, bit surprised it's green at the end...

[wole] 26/2/2004 11:49

MMs like the results. What do the punters make of it?

[jasperminka] 17/2/2004 15:25

7.5% rise. Nice. ANyone know why?

[jasperminka] 13/2/2004 01:21

Sorry, didn't want to be one of those people who post their pet shares on unrelated threads! Good day today, I just wonder what the MMS know that we don't!

[wole] 12/2/2004 18:00

Nice one jasper. Wish you'd mentioned it on TLG.
:¬)

[karld1] 12/2/2004 16:47

Up 10.9% today on two piffling little trades and no news. And no-one on the BB either.

[jasperminka] 10/2/2004 14:50

Another quiet day, another 6% unremarked rise....

[jasperminka] 03/2/2004 19:29

One midpoint trade yesterday, and one sell at 1p below bid (only 5000 shares as well). Yet the price went up. Not sure I understand...

[jasperminka] 26/1/2004 14:42

No trades? Hmmmmm

[dell314] 22/1/2004 15:48

Has member5 looked at the accounts yet, as I have a few concerns that I'd like to discuss with him?

Rgds
dell

[bozzy_s] 21/1/2004 21:44

Nice one Jaber, I like the big discount to NAV. If they could just cut those losses...

[the jaber man] 21/1/2004 20:48

Bozzy

i will monitor this closely and begin research on it.

i like what i see.

[bozzy_s] 21/1/2004 20:37

Let's hope so Jasper, a few pence would do me nicely! It only takes a small number of buys to push the price up.

I wonder how much it would cost to appoint a PR company? If it's not expensive, it should be done.

I see that the final results are due soon, they should make things a bit clearer, and provide some publicity.

[jasperminka] 21/1/2004 20:31

Bozzy

I 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.

[bozzy_s] 21/1/2004 19:24

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...

[jasperminka] 21/1/2004 17:03

Longmead Group plc ('Longmead' or 'the Company')

Sale of Building

In July 2003, the Company announced a series of restructuring measures to be implemented in lightof the changing market place for its products, including the transfer of warehousing to the main factory premises thereby releasing the existing warehousing building for sale.

Longmead announces the completion of the sale of its warehouse premises, on 19 January 2004, for £850,000 before expenses. The sale price compares with the current balance sheet value of £480,000.

The proceeds of the disposal will be used to reduce bank borrowings and provide additional working capital.

20 January 2004

Does this mean that there is shareprice potential (as evinced by very small NMS), or will the £850k fill an as-yet-undeclared black hole? One long term chart shows an interesting trend....

[hushpuppy] 19/2/2002 21:04

Correction
Should read "doubles in price in next year"

[hushpuppy] 19/2/2002 21:02

Decided to visit this site to check up on the progress of the Longmead Group. Was appalled by the character assassination of MWM by some particularly ignorant members of the investing fraternity who presumably would be considering a libel suit if such sort of remarks were published about themselves. As a subscriber to MWM's site I would consider these remarks to be completely and totally misplaced.

I would say I was similarly appalled by the market-maker's spread on the share.
Whilst the share does have a potentially large upside a 25% spread is a tad excessive. However time is on my side and I'll look again in a couple of months.

I was also "interested" in the remarks about price hikes. What does one expect?
Myself I'm a great believer in Michael Walters having made several thousands of pounds by following his tips over the last couple of years. However none of the shares were purchased within three months of original tip publication date. Generally I've found
a) The price will have drifted back
b) This gives you plenty of time to DYOR and look at on-going trends.

Since many of you are interested in new ideas, here is something requiring a little more enterprising spirit. Have a look at Appian Technology - the catch is its on Ofex, but is fairly liquid. Wouldn't be surprised if it doubles in price in the next. Best initial source is Site also gives you details of where you can deal online.

[redmarauder] 26/1/2002 13:57

mad... for example?

[mad4it] 23/1/2002 15:21

MWM aka 'Dr Death' has THE worst tips record in stockmarket history! I kid you not! A monkey with a set of darts and a copy of the FT is a guru in comparison!

[redmarauder] 21/1/2002 09:36

boyinblue

Didnt know about any "irregularities", I shall be doing some investigation.

May all your investments head North

[springbok] 21/1/2002 00:42

Interesting thread! I've been to Watshot.com and I'm coughing up 60 pounds on Monday - SOMETIMES YOU NEED TO SPEND SOME MONEY TO MAKE MONEY.

[hedge66] 20/1/2002 14:09

Springbok
without wanting to start World War III about tip sites pro's v cons etc. be aware that if u r going to subscribe it is worth knowing that
if u r a t1ps.com member (£60) then it will only cost £25.
I hope that is useful.
Paul

[boyinblue] 20/1/2002 13:38

Redmarauder

At least we agree that MWM is well known in the City.Meanwhile, we will have to agree to disagree over his reputation regards honesty and his track record at UK-invest and the merits of tipping shares with a normal market size of just £250.

Springbok Good luck with your share buying,hope you do well.

[redmarauder] 20/1/2002 10:42

The spread is the fault of the market makers not the tipster. Are you saying that a large spread means that we (as small timers) shouldnt buy? I think that this company LGM has a lot going for it. I cant change the market makers anymore than I can change the time so its not worth commenting on and in addition EVERY tipster in the world operates under the same cloud of suspicion, is he/she ramping their own stock so again there is nothing I can do about that. The FSA reg are in place, someone can choose to ignore them but people choose to ignore all kinds of laws and regs, does that mean that ALL of them are bad? Mark Watson-Mitchell (the tipster) is well known in the City. I respect his superiour knowledge of shares to me, and I follow his tips if I can but not always. I guess you pays your money and takes your choice.

I also bought a load of BFG, wait till next year, I promise you DINA you wont be disappointed with your return.