Jardine Lloyd Thompson Share Discussion Threads

[rabain] 23/6/2005 15:22

mandafund

I'm not so sure about 'very' overpriced. I would have thought the loss of McGill and profit warning in Nov(?) 04 was already in the price. The dollar has improved substantially from where it was. So far untouched by Spitzer. Could go either way. The video on JLT website of latest analyst's briefing is worth a look. There is sufficient volatility in the share at the moment to encourage trading in and out.

[shirishg] 22/6/2005 16:06

Post removed by ADVFN

[mandafund] 22/6/2005 16:04

This is an excellent company but currently very over priced due to:

1. Loss of McGill to Aon is going to hitting them very badly.
2. State of Dollar is having a major impact.
3. Pension fund under funded.
4. A number of senior teams moving to other brokers
5. Spitzer investigating all the major broking players in the market.
6. Pressure on dividend
7. Recent talk of merger has gone very quiet.

Believe £3 reflects a more realistic price IMHO

[chirpy chappy] 22/6/2005 08:47

Now its time to short this, it has found resistance at this price about 4 times now since end of last year, I reckon it wont be long till we are back down to about 335 and then if it breaks through support we could see it going a lot lower

The whole price is in a downtrend, it has just had a bit of a rally back up and seems to be bouncing back down again from just under its 200 day moving average,

Bad news from the company in April saying that the rest of the year does not look good,,

Yep, time to short it now me thinks :-)

[danny murphy] 20/6/2005 14:45

Why the big rise in last 2 trading days ????

[rabain] 17/6/2005 17:18

Wow, it seems shortings not all its cracked up to be!!

[rabain] 26/5/2005 09:26

Must have been positive news at yesterday's seminar. Any one know what was said?

[rafieh] 23/5/2005 21:24

Just in, of course short, at 344. No real support between here and 280P in my opinion.

[rafieh] 23/5/2005 00:05

Yes Benson,
Just saw it over the weekened. Looking forward to shorting it on Monday at any price!
What is your target?

[benson] 14/5/2005 10:17

Am short at 343. Looking at the 3 year chart and it is a clear downtrend. Now it has broken through support at 340.

[rabain] 23/3/2005 23:07

very nervy....according to JLT website xdiv day was today, so that accounts for 12p I guess. Regards

[verynervy] 23/3/2005 16:00

Advfn chart shows ex-div as SUNDAY 27thmarch ????????

Rab
- i have been impressed by the buying upto announcement - if not from div hunters ,which I dont believe, then insiders who think the deal is good

itsallaguess!!

[stardream] 23/3/2005 14:03

yesterday i believe. will cycle back by end of week to 380

[rabain] 23/3/2005 12:19

Did JLT go xdiv yesterday or today? Either way the 2 day drop is well in excess of 12p dividend. Looks like the market is seriously not impressed with acquisition of BGHPW, is this because of 9m more shares which is about 4.5% of total with no immediate benefit? I ask the questions, looking for you clever people for the answers! Thanks.

[verynervy] 21/3/2005 13:08

Gnik

so the telegraph done us a big favour - it has risen strongly since their sell rec!

nice ain it

[gnik] 10/3/2005 09:57

These were rated a sell in the weekend telegraph, for what thats worth.

[verynervy] 09/3/2005 15:04

Agree with you rabain this share has taken a lot of hammering - and cant go a lot lower

Will continue to hold for the recovery!!

[rabain] 28/2/2005 11:51

gnik depends what you want. I would have thought this has a limited downside as patmike suggests after the trading update in Nov the bad news is in the price and at this price it has a great yield

[patmike] 28/2/2005 11:30

I sold my stake at £3.90 a few weeks ago, having bought at £3.50 on the intiial blood-let. I have now bought back in, because all the bad information in the report is already known and is in the share price This is still a profitable company, whose performance is relatively good.
The reaction of punters to good news recently has been surprising (eg. SPT and CSR). Both those shares have recovered rapidly. I see the same happening here. It should pass £4 within weeks, which would still not return it to a sensible P/E.

[gnik] 28/2/2005 10:54

Is this a buying opportunity the dividend is very attractive

[rabain] 28/2/2005 10:35

As promised the dividend is retained, which hopefully means they are confident of profits being restored in future although outlook for this year is cautious to say the least.

[rabain] 28/2/2005 07:49

Financial Summary
* Turnover #468.1 million (2003: #429.0 million)
* Trading profit* #84.4 million (2003: #92.7 million)
* Profit before tax, exceptional items and goodwill amortisation
#99.8 million (2003: #110.5 million)
* Profit before tax and exceptional items #92.1 million (2003: #106.7 million)
* Profit before tax #81.3 million (2003: #107.8 million)
* Diluted earnings per share (before exceptional items) 28.8p (2003: 35.2p)
* Diluted earnings per share (before exceptional items and goodwill amortisation)
32.50p (2003: 37.1p)
* Diluted earnings per share 24.9p (2003: 35.2p)
* Dividend per share maintained at 20.5p

Definitely at the lower end of analyst's expectations!