Bateman Litwin Share Discussion Threads

[barnetpeter] 09/11/2008 13:23

Wish I had another one! I reckon bateman will hit 45p this week albeit in a thin market. I took a bit of profit on friday and will take more this week if I can, Taking your stake out in these mkts seems a lot of sense to me.

[jabba3] 08/11/2008 17:50

blimey 3p that must of made im millions!!

barnetpeter quick give me anothr tip like asos, by the way i remember your cw tips from the micheal walters days

[supermum] 08/11/2008 14:23

yep... BP was the guy who found ASC and bought in at 3p...

[jabba3] 08/11/2008 11:58

barnet you got any more tips like this on covered warrants ot shares!! must say you got a good eye for stocks

[qs9] 08/11/2008 08:55

It is valued pretty much at "net cash" IMO so IMO someone is bound to take a look at it to see whether they can run the business more profitably!! Lets see, but either way, IMO with board changes, new team in place, cash in the bank and big backlog, these have further to go Northwards IMO.

[barnetpeter] 08/11/2008 00:04

The stock doubles in two days and no posts here? Very bullish!

[qs9] 07/11/2008 09:55

New management would mean hopefully confidence returning in square mile....may even put them in play IMO.....good order book, net cash, decent markets still to operate in, market cap almost IMO = cash.....DYOR

[bobby.ifa] 07/11/2008 09:28

I can't believe this. I've watched these lot for about three years and day traded them around the 2.00 mark. Saw they'd fallen heavily and fancied punt of 15,000 shares on Wednesday at 14.75p and then, kaboom! Does the Directors walking yesterday have any influence, as they may have been resposible for the accounting irregularities. 60p would be a beauty.

[supermum] 06/11/2008 14:52

that would be good!
edit - 80p would be nicer!

[barnetpeter] 06/11/2008 14:37

Yes at aspread of 20 - 25. They do not want to sell despite huge vol today. Bid at 60p?

[mdchand] 06/11/2008 14:31

yeah - only wins offering a market in these - wonder what's afoot?

[barnetpeter] 06/11/2008 13:52

Big move up - big volume. Looking interesting!

[mdchand] 06/11/2008 10:27

hmmmmm 2 execs leaving today with no prior notice and no replacements and the share price goes up.......wonder what that's a prelude too?

[jailbird] 06/11/2008 08:19

bp,

i see you have not been around much, but have seen your name begining to appear again.

i like this one, like you said big order book and getting it's house in order.

[barnetpeter] 04/11/2008 11:08

Yes as pointed out by investors C last week. Very cheap at this price - not such fun if you bought at the 200p first recommended by IC though!

Just look at that order book.

The price is 95% down, the directors are buying, the company is buying. Sounds like a fair time to , um, buy to me!

[jailbird] 04/11/2008 09:51

mdchand,

i agree, i'm holding - this could indeed by a good recovery play.

[mdchand] 04/11/2008 09:25

some weird trades going through today - looks like a large overhang has been cleared.....but then again, not exactly many buyers wanting to get involved either. This could be another Ashtead......but then again.....

[jailbird] 31/10/2008 07:58

Resolution 5: Authorisation for the Company to
effect a share buy-back
The purpose of Resolution 5 is to implement an authority to
enable the Company to make market purchases of up to
4,370,757 ordinary shares in the Capital of the Company,
being 10% of the issued ordinary share capital as at the
date of this circular.
It is proposed that the minimum price payable by the
Company per share (not including expenses) shall be
10 UK pence.
It is proposed that the maximum price payable per share
(not including expenses) shall be an amount equal to 105%
of the average closing price of the Company's ordinary
shares as traded on the AIM market of the London Stock
Exchange plc for the five business days immediately
preceding the date on which the relevant share is
purchased.
The Company will only exercise the power of purchase after
careful consideration and in circumstances where, in the
light of market conditions prevailing at the time, the Board
is satisfied that it is in the best interests of the Company and
of its Shareholders and Depositary Interest Holders
generally to do so; and where there would be a resulting
increase in earnings per share. The Board intends to keep
under review the potential to purchase ordinary shares. If
granted, this authority will expire on the conclusion of the
annual general meeting of the Company to be held in 2009.

[jailbird] 30/10/2008 15:47

Purchase of Shares by Directors (Bateman Litwin N.V)

RNS Number : 0577H
Bateman Litwin N.V.
30 October 2008


30 OCTOBER 2008


Bateman Litwin N.V. ("Bateman Litwin" or the "Company")

Purchase of Shares by Directors

Bateman Litwin was notified on 30 October 2008 that David Lamont, Chief Executive Officer
and Davis Larssen, Chief Financial Officer
Designate, purchased the following Ordinary Shares of EUR0.10 each in the share capital of the
Company ("Shares"):

Director Transaction date Number of Shares Average price
David Lamont 29 October 2008 59,850 12.86p
David Lamont 30 October 2008 87,285 14.00p
Davis Larssen 29 October 2008 30,430 12.86p
Davis Larssen 30 October 2008 43,175 14.00p

Following these transactions, Mr Lamont and Mr Larssen have the following shareholdings in
the Company:

Name Previous Number Number of Shares Number of Shares as at 30
of Shares as at 30 October October 2008 as a % of
2008 Issued Share Capital
David Lamont 0 147,135 0.13%
Davis Larssen 1,269 74,874 0.07%

[jailbird] 28/10/2008 10:36

md,

i'm looking to buy in too now..recovering play looks very much a decent profit to be made here...after reading these snippets i'm buy a few..one-off charge is mentioned here

Dutch oil and biofuel refinery engineer Bateman Litwin
N.V. said on Tuesday it was confident of the future even as it swung to a
full-year pretax loss on one-off charges and expected to be in a technical
breach of certain banking covenants.




Highlights
· 1Reported revenues up 84 per cent to US$816.1 million (2006/07: US$444.2 million)
· 2Normalised EBITDA up 73 per cent to US$33.8 million (2006/07: US$19.5 million)
· 2Normalised profit before tax up 20per cent to US$25.0 million (2006/07: US$20.9
million)
· Exceptional charges of US$88.2 million (2006/07: nil) of which:
- US$53.5 million relates to operating charges
- US$15.3 million relates to future contingency
- US$19.4 million relates to impairment charges

· 1Reported loss before tax US$63.2 million (2006/07: profit of US$20.9 million)
· 2Normalised EPS (diluted) down 23 per cent to 16.7 US cents (2006/07: 21.8 US
cents)
· Total cash at 30 June 2008 of US$160.1 million (30 June 2007: US$147.5 million)
· Free cash, net of bonding collateral, at 30 June 2008 of US$69.8 million (30 June
2007: US$118.2 million)
· No final dividend proposed (2006/07: 3.7 US cents per share). Total dividend for
the year of 3.5 US cents per share (2006/07: 6.0
US cents per share)
· Backlog at 30 June 2008 of US$1.3 billion up 44 per cent from 30 June 2007 (US$954
million)

[mdchand] 28/10/2008 10:29

hmmm - snap shot reading of the interims as follows - £15m cash / £20m future funding guaranteed / £12.5m pre-tax before impairment charges / substantial future order book.

Unknowns - additional future impairment charges / bank's response (although less of an issue now with future funding guaranteed) / profitability of future orders / confidence issues with exitsing customers / lapse ratio's on existing business contracts / conditions attached to loan and line of credit.

Its crazy cheap assuming no more charges going forward...BUT....and that's the thing, is this is final impairment charge. Also, with a slow down in the world economy, will this be affecting their margin achieve on future orders?

Anyone care to offer a more bullish perspective as I'm tempted to buy.