Litebulb Grp Share Discussion Threads

[funkmasterp12] 03/3/2016 17:12

The Litebulb's are off. Game over.

[clocktower] 03/3/2016 13:41

Looks like the board have got it in for Nick Ponting and appear to be working to their own agenda looking at today's RNS. That wipes out any value of his shareholding and everyone else that was left holding this. They certainly BLOW you away.

[clocktower] 02/3/2016 13:07

Good Luck!

[clocktower] 02/3/2016 07:54

What a give away - gross assets of £3.2m debts of £447k and you give it away to the senior managers for £1. I guess they might be the same senior managers that sold it to LBB in 2014. I bet that £1.7m loss in 2015 will turn around into a hansom profit by 2017 as I expect the management will be focused on the job in hand.

Looking back the company paid £500k in cash plus 182 million shares. That of course was before the consolidation took place but a hefty sum of money all the same.

[tomboyb] 02/2/2016 09:15

Too much debt -

Technically 50k available at 2.5p full quote - However equity raise £2 million at 1p is additional 200million shares or 1.5p 150million or 2p 100 million -

That excludes the convertibles -

[tomboyb] 02/2/2016 08:34

2k online?

[clocktower] 01/2/2016 08:00

Nothing left for anyone other than the loan note holders and they have not even mentioned the interest payments due plus they need at least another £2 million.

[pugugly] 01/2/2016 07:47

CT:-
Statement now out

-

Reading between the line - Could well (imo) be the end of the road.

[clocktower] 18/1/2016 08:54

Pugugly, I will be shocked if they are able to get out of the hole they created by using the type of funding route they took as clearly there is a serious problem the way they mention sonething like - in light of current trading - hints that things are desperate imo. They are clutching at straws I guess.

I forsee a statement in due course saying we regret blah blah but we could not find funding so sorry folks (small stakeholders) you have lost the lot.Let us hope not though but if I were still holding I would rather take whatever I could now than live in hope.

[onjohn] 15/1/2016 15:36

heading to 1p

[yump] 15/1/2016 15:32

Unfortunately I had to sell to supermarkets once and don't want to do it again ! Mind you, all my spare cash is being used expanding websites atm.

[clocktower] 15/1/2016 10:29

Could be a package job, sold by the administrator in due course imo.Pity as it has poptential but if your looking to put in an offer and buy it out Yump, I would be interested in joining forces with others.

[yump] 15/1/2016 10:04

I wonder if you can place a bet somewhere on the next statement containing the words 'a challenging 2016'...

There's been 'strategic review' and we've had 'difficult trading'. At least they've got shot of the US expansion attempt fairly quickly.

I'd put a bet now on it being one of those media agencies who simply don't bother looking rigourously into how exactly they are going to become profitable. There's been a lot of them.

[pugugly] 14/1/2016 11:58

yump: Re your 106 - Market action seems to suggest that investors worried about the alert points in your eg: above - On balance I suspect Mr Market is right otherwise I would try to put together a buyout consortium to take private but DD would probably take more time than I currently have available.

[yump] 11/12/2015 15:27

Pugugly

I bought a smattering of these a while ago thinking they would surely be able to make a clean profit, but I should have gone by what I actually knew about dealing with supermarkets (as you clearly have) and thought it through a bit more. I'm guessing the issue (apart from dealing with supermarkets) is that its not a scaleable business, however many acquisitions are made - finding efficiencies sounded logical, but in practice perhaps there are too many new costs each time a new set of widgets is made.

However, even if there is a shortfall of £3+ on the revenue, I don't think the market cap makes sense in relation to the level of turnover, unless there is another problem looming eg. some problem with cashflow / cancelled orders / written off inventory.

[clocktower] 11/12/2015 14:28

It surely must have to go down a lot lower before we see a dead cat bounce. I cannot see anyone making a offer for the company other than from an administrator at some point if it comes to it that is.

[pugugly] 11/12/2015 14:14

yump You are so correct - As you know I have always been a bear here having been very closely associated with similar businesses in a prior life as a trade buyer - 3 million coffee cups - 6 million glasess - etc etc and very rarely saw 3rd party suppliers survive for more than a few years except for a few specialists trading as intermediaries on commission - I would only contract with the prime producer as I saw too many of my industry colleagues get into problems where the buying from an agency acting as principal.

[yump] 11/12/2015 12:49

It does seem a big discrepancy, but value for shareholders depends on being able to get some profit out of it.

There's probably a business there that will keep a fair few folk employed, even if they oscillate from profit to loss year after year.

On that basis, wouldn't surprise me if it was taken private. Reminds me of Air Music and Media.

[vitamal] 11/12/2015 12:39

Capitalisation less than£4m on £30m turnoverLet Go go and re finance - any hope

[yump] 11/12/2015 12:02

I never expect them to buy after bad news. They may be 'stupid' enough to work for a salary on a duff business model, but in my experience they're never stupid enough to thrown their own money at something that's failing.

[vitamal] 11/12/2015 11:50

No directors buying which speaks volumes or is it a close period

[yump] 11/12/2015 11:17

In retrospect, I wonder if this business was ever destined to make profits.

Reason being: if you just make pork pies for supermarkets, you get screwed on price, delivery and everything else.

But once you are set up in production, you don't often have to make any changes that incur significant time or expense.

... but if you are having to design and manufacture different stuff every year or over shorter periods... and you're still going to be screwed on price... and you've got royalties to pay...

that doesn't sound like a good business model, unless you can hike the margin to cover the repeating extra costs...