Lupus Capital Share Discussion Threads

[jeffian] 05/2/2013 11:12

The end of an era.

[jeffian] 11/1/2013 22:42

Yes, I wondered whether to add the 'kiss of death' remark!

[strangeman] 11/1/2013 22:03

Ooo, that's the end of that, then :-)

[jeffian] 11/1/2013 17:51

Tipped as a 'buy' in Investors Chronicle.

[charlie] 17/12/2012 12:39

Even now (144p) I find it hard to rationalise why this should be 14x earnings and many building products suppliers are half that. To take one example - look at Norcros, 7x earnings.

Basically the same shtick: building products supplier. Doors & windows at Lupus, showers & tiles at Norcros. Doesn't seem very different. Norcros an alarmingly large pension fund, but Lupus has proportionately more debt.

I can make an argument that Lupus is a better business than Norcros (I can also make the converse). But twice as good?

[jeffian] 14/12/2012 18:00

Presumably as a result of the rather downbeat IMS on 12/12.

"...Steady US growth has counter balanced tough market conditions in the UK and Europe.

2013 will see further difficult markets...."

[richardmo] 14/12/2012 17:32

Then why's it crashing?

[jeffian] 05/12/2012 13:29

Slightly surprised LUP hasn't picked up some benefit from WOS results indicating strength in the US construction market.

[edwardt] 18/10/2012 09:36

good us housing numbers yesterday are all good for this story - the operational leverage could mean we have some way to go here..

[jeffian] 16/10/2012 11:40

Perkier and perkier!

[jeffian] 02/10/2012 17:11

Yes, nice to see new highs being set. I assume it's on the back of WOS results today confirming that US housing/construction market is moving ahead positively.

[nbaxter] 02/10/2012 16:53

Nice movement on big volume today.

[edwardt] 05/9/2012 15:10

thought the share price was asleep after the results -appears to have woken up this pm

[newbold120] 04/9/2012 09:39

Funny - Greg also conveniently forgets it was his decision, and his alone, to buy Laird Security Systems at the top of the market, when it was earning peak margins and earnings, in an over leveraged structure. Whilst it was probably the right deal, its undeniable it was the wrong time and the wrong financing structure.....

[edwardt] 04/9/2012 09:05

agreed - results pretty good. i never get upset when debt is reduced...

[newbold120] 03/9/2012 13:58

If Greg thought they sold GT too cheaply, then surely he'd have been happy to bid for it with his own cash? Equally, if he is so unhappy about how the business is being run, why does he not put in a EGM? (because he knows that it would not get any other major shareholders to support it). If its him vs the other shareholders, then he is always free to bid for the company. Times article does not seem very balanced.

[jeffian] 03/9/2012 09:01

There was an article in the Times over the weekend saying that Greg Hutchings was girding his loins for another legal challenge to the Board. I hope not. Whatever the rights and wrongs, I can't see the point of re-fighting old battles and it is so disruptive to the business which seems to be going forward quite nicely now (if not in the way GH planned). Let sleeping dogs lie!

[jeffian] 31/8/2012 10:17

I hope so. I'm also a shareholder in TPK and it is notable that the building supplies market has remained far more robust than doomsayers predicted on the back of weak housebuilding figures. I think the 'repair and replacement' sector has held up quite well.

[edwardt] 31/8/2012 10:12

us housing market on the up, steel prices on the way down, good news for the results on the 4th? any views....

[jeffian] 22/8/2012 17:27

Surprisingly perky in an otherwise rather dour market. Run-up to the Interim results on 4th September?

[phipster] 17/7/2012 12:18

All rather quiet here....

[jeffian] 25/5/2012 11:01

AGM statement seemed solid enough, if unexciting.

[a1samu] 09/5/2012 09:37

AGM - 25th May 2012 @10.30am.

[a1samu] 27/4/2012 12:50

According to the accounts, page 35, total profit for the year amounted to £15,483M, of which GT made £7,399M and the building products made £1,309M, with the receipt by the company a tax credit of £6,775M.

In fact I was wrong when I said GT made half the profits. GT made in fact 85% of the profits of the year. Of the total profit made for the year of £15,483M, GT made £7,399M, the building products made £1,309m with a tax credit of £6,775M.

Under the circumstances, I wonder whether shareholders approval would be appropriate in this instance.

Lup will be OK this year, for it will book the profit on GT in the accounts for this year, but it will have its work cut out to get any decent profits into the accounts of the following year, when only the building products will be included.