Share Name Share Symbol Market Type Share ISIN Share Description
Low & Bonar LSE:LWB London Ordinary Share GB0005363014 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -1.13% 87.50p 87.50p 88.75p 87.50p 87.25p 87.50p 297,232 16:06:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 400.0 17.7 4.2 20.7 288.20

Low & Bonar (LWB) Latest News

More Low & Bonar News
Low & Bonar Takeover Rumours

Low & Bonar (LWB) Share Charts

1 Year Low & Bonar Chart

1 Year Low & Bonar Chart

1 Month Low & Bonar Chart

1 Month Low & Bonar Chart

Intraday Low & Bonar Chart

Intraday Low & Bonar Chart

Low & Bonar (LWB) Discussions and Chat

Low & Bonar Forums and Chat

Date Time Title Posts
25/4/201715:19Low & Bonar Plc1,028.00
09/7/200717:36...i have followed this donkey from lowlands of still can double...8.00
31/7/200519:57Low & Bonar for the asset sensitive120.00
21/4/200412:05Low & Bonar + 30 Ј million contract4.00

Add a New Thread

Low & Bonar (LWB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Low & Bonar trades in real-time

Low & Bonar (LWB) Top Chat Posts

Low & Bonar Daily Update: Low & Bonar is listed in the Construction & Materials sector of the London Stock Exchange with ticker LWB. The last closing price for Low & Bonar was 88.50p.
Low & Bonar has a 4 week average price of 69p and a 12 week average price of 68p.
The 1 year high share price is 88.75p while the 1 year low share price is currently 55p.
There are currently 329,369,565 shares in issue and the average daily traded volume is 707,958 shares. The market capitalisation of Low & Bonar is £288,198,369.38.
ed 123: Unusual to see a share price rise on its ex-dividend date. The likely reason is that Berenberg today recommended 'buy' for Low and Bonar with a target price 112p. That target is 63% above yesterday's close price. Shares are up 2.5p atm.
ed 123: Hmmm .... 13.7 million shares traded today. That's about 4% of the issued equity, an unusually large daily figure. Most likely just one institutional holder selling and another buying. As we know, the FD is due to leave. The news had only very slight impact on the share price and that was positive. I'm guessing the other board members, especially CEO, feel they can do better with a new person in that role? Without wishing to ramp this share, I continue to see LWB as being of the right size and having leading positions in niche markets, to make it a candidate for a bid. I'm holding and can see it making good progress with the interims, including gaining from Sterling's weakness. (No advice intended.) Anyone planning to go to the agm? I usually go.
rathkum: Yes, I feel the market will wait until the interims to give a long waited re-rating. In the meantime enjoy the 2p dividend with very little dowside in the share price if at all
ed 123: Results look good for the most part. Coated textiles was a big negative but 'largely resolved'. For the current year, if they have resolved the Coated Textiles and win back unhappy customers, then eps for whole group could rise by 20%? Sound bouyant about their prospects. Pension risk has been laid off for UK final salary scheme = good. Nice lift in the dividend. Share price prediction? I think the market will look forward, so up 5p?
rathkum: Low & Bonar: Growth stock with a decent divi 14:01 11 Oct 2016 Law & Bonar can trace its roots back to the turn of the last century when it first started weaving jute, a vegetable fibre that was used in rope. Low & Bonar: Growth stock with a decent divi The company's fabrics are used in civil engineering, building and construction. Shares in Low & Bonar (LON:LWB) have traded in a very narrow range in the year to date and are barely changed in that period. The valuation of the business, at 11 times 2016 earnings per share, dropping to 9.3 times 2017 EPS, suggests the company is stagnating. However, as we will see, nothing could be further from the truth. Before we make the investment case, it is probably worth looking a little closer at what the business does and how it makes its money. Law & Bonar (L&B) can trace its roots back to the turn of the last century and first started weaving jute, a vegetable fibre that was used in rope and matting, in 1912. Today it is a market leader in sophisticated performance materials that makes yarns, fabrics and fibres used in civil engineering, building, construction, transportation and other industrial applications. It is divided into four business units that are international. Colback, one of its best-selling products, is all around as it provides the backing for floor tiles and is used inside cars. WATCH: L&B boss on the potential of the business In fact, the company has invested heavily (£26mln) in a state-of-the-art factory in Changzhou, China, that manufactures the product. It is within 200 miles of 80% of the country’s textile flooring industry giving it a ready market. The plan is to double the footprint of the plant over the next few years. The investment in China was part of L&B’s strategy to broaden its geographic footprint outside the UK and Europe, which accounts for 65% of revenues. The company has evolved under chief executive Brett Simpson. It is more market-focused, rather than being product driven. What this means in practical terms is it listens to customers and creates products they want or need rather than developing a new fabric or fibre and then trying to find a market for it. It might make create innovative material in-house, but equally it could buy in the expertise. It is always looking to move sideways into what Simpson calls “adjacent markets” – though only where the return is attractive. And L&B is driven by returns (particular return on sales and capital employed) and takes what he calls a “portfolio approach” to the businesses it operates. In other words, if an L&B operation doesn’t pass muster, it is disposed of. In fact the artificial grass yarns unit is being sold for £24mln for that very reason. “We worked hard and made big improvements to the relative performance; however, the absolute returns are just not high enough and we are divesting it,” said Simpson. “We are also working on issues with our Saudi JV [joint venture] so it doesn’t make further losses.” That hard-nosed approach appears to be working – just look at the forecasts made by the company’s broker Peel Hunt. It sees pre-tax profits growing by 12% this year to £28.5mln and then to £33.5mln the year after and to £36mln by 2018. L&B is forecast to pay a total dividend of 2.9p this year, which equates to a very decent 4.4% yield. Net debt, which was just under £140mln when L&B last updated, is forecast to fall to around £95mln by the end of the year. Simpson says that level of borrowings is manageable and well within its target range. According to Peel Hunt the current share price of 64p “does not reflect strategic progress to date towards improved quality of earnings and higher returns, nor the positive earnings momentum established over the last 12 months”. It says L&B shares are worth 90p each. “After a period of heavy investment, we now expect earnings growth to accelerate and the balance sheet to deleverage,” said analyst Dominic Convey. He expects the stock to receive a “deserved re-rating”. Boss Simpson won’t be drawn on the share price, but is satisfied L&B is moving in the right direction. “We know where we are making money,” he said. “We know where our strengths are and we are building on them and pushing into new geographies as well as sorting out the legacy issues.”
ed 123: Yes, rathkum, I think it will go higher from here. Atm, it's at the top of a channel, paused for direction. Btw, Kingfisher today reported Q2 France sales up 10%, Poland sales up 15% and Spain sales up 19%. A pickup in Eurozone will be good for LWB, and so will a conversion back to a weaker Sterling. Brett Simpson is raising the quality of the Group. We are due an announcement of a solution to Bonar Natpet soon. Goes ex a 1p dividend next week. While things are so quiet, I've played with some numbers ... 330m shares issued. At say 65p, market cap is £214m. Add deferred share value of £31m. Add in net debt of £140m and pension deficit of £15m gives enterprise value of £400m. EBITDA for the current year £35m(?). Return on notional investment would therefore be 8.75% pa. LWB replaced its debt recently at an interest rate of only 2.57% pa. (It is considered to be a safe business to lend to.) There is scope for someone who wants Colback, etc. to bid say 100p for the ordinaries. Then enterprise value would jump to £516m. Funded at say 4%pa, would cost £21m - easily covered by the ebitda of £35m. LWB is quiet (not a single share traded so far today), but has value at the current share price, imo. (NAI)
ed 123: Sale of the Sports and Leisure Division, announced today, has been well received by the market. Share price up 3.3p or 5% at 63p. Brett Simpson has settled in and is moving the Group in the right direction. Interim results to be released on Wednesday. I'm hoping for news on the Bonar Natpet facility.
rathkum: Regardless of the pending interim results next month, the recent slide in the share price to 56p was overdone, so no surprise in the up tick.
ed 123: AGM to start at 10:00am on 31 March, at Pullman Hotel (near Euston Station). The recent share price performance was unexpected (by me!). You've got your under 62p entry point, if you want it, Puffintickler. I find that my interpretation of share price falls is conditional. If it's a share I'm holding, any fall must be due to a short selling conspiracy. When it's a falling share I don't hold, it's just the market giving its opinion. Seeking a rational explanation, I've opened my mind and revisited the results. It still looks ok to me. Notably, the outlook was for further growth this year, despite some market weakness. From the Chairman (2 February 2016), As we look to 2016, ......... Despite these continuing economic headwinds, the Board is confident of achieving further progress. For anyone who is holding, a bit of incentive to hang on - there's a 1.8p dividend going ex on 17 March. It's on a full year 5% yield at 55p. All just my own opinion; no advice intended.
nigelmoat: Share price here been solidly strengthening over last few weeks. Improving economies in Europe helping.
Low & Bonar share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:33 V: D:20170425 20:31:07