John Laing Share Discussion Threads

[jhan66] 18/1/2004 20:43

Company Name: John Lusty Group Plc
Company No: 0235383
Com. Business: Food Import/Distributors
Trade clasif.: 12
Appointed on: 13/05/02
Appointed by: Lloyds TSB Bank Plc
Type: Administrative
Receivers, IPno: W R Tacon 6711 A Lovett 6476
Firm Name: Ernst & Young
Address: One Colmore Row
City, Postcode: Birmingham B3 2DB

Info above from www.insolvency.co.uk
Administrative receivership suggests something on-going. But don't get excited, we're not likely to get a frozen pea. Don't forget the Receivership System is designed mostly to benefit a) the receivers, b) Gov, c) Banks, d) employees, e) (there is no e you fool)

When they are fully liquidated, you'll find them on TAX site www.inlandrevenue.gov.uk/cgt/negvalist.htm & you can offset the tax.
There's probably insufficient money in the coffers for the Receivers to keep us informed. Probably time to move on, but if you phone them let me know the results

[call-logger] 18/1/2004 19:53

But shouldn't they let the shareholders know that they're stuffed?

After all can't these losses be claimed against CGT. If you don't know they're dead how can you claim it off the taxman?

Flounderin' in the dark,
Steve

Not in this one but another that (presumably) went belly-up (LMNT).

[wwalbers] 16/1/2004 10:58

ttp

Come on I cannot be the only one whose lost money on these!!! Has any one heard from the liquidator, or had any correspondnece at all. I keep meeting a brickwall. If any one has an address or anything useful to add can they do so here please.

Thanks

John

[wwalbers] 23/5/2003 17:26

ttp.

These where once the darling of the tip sheets, Penny Share Guide in particular. All seems rather quite now. Perhaps the lack of news is good.... (wel you can hope) At least GHT are gifving me some upside now.

[mgbrown] 18/5/2003 18:27

How unusual is it shwreholders hear nothing form companies in receivership? Does anybody know what is happening with this company?

[highland drovers] 14/11/2002 02:20

That's a bad mark on donkeys.

Not heard anything from the company since the announcement. Dead with £8m worth of debts. Only possible way of getting any money back would be for some company to buy them out and pay the shareholders something. Which is unlikely as they wouldn't have to in order to get the company.

[wwalbers] 30/10/2002 16:56

Come on guys, I can't be the only ones with these donkeys

[wwalbers] 24/10/2002 19:31

Has any one heard from the liquidators yet? If so can you post it here as they seem to have forgotten I exist. What hopes or opportunites to sell as a going concern?

[errollflynn] 26/6/2002 13:52

Used to hold these and sold at a small loss a couple of years or so back. I always thought they would come good but lost patience waiting. Seems I was wrong. Commiserations to all those who have lost their money on this one.

[wwalbers] 25/6/2002 07:49

proffetically I have been proven right, unfortunatley. Due to a bad debt the administrators have been called in. Dont hold your breath to see any shareholder funds being returned.

[wwalbers] 14/5/2002 16:30

I agree, total dross. I have bought (same tip sheet I think) at 10p plus a rights issue at 9p also. One director owns approx 50% of share captial so vertually take over proof. I have written this money off. Many false dawns with this share over the years, better homes for your money imho.

John

[what is a login ?] 14/5/2002 09:56

I bought JLG at their peak of 12p years ago following a recommendation from penny share guide. Subsequenly Penny Share recommended selling some.
I'm glad I "only" bought 5,000. I figure you cannot lose more than 100 per cent so I'm holding. As soon as the price begins to recover they will have a rights issue and then the price will probably dip again. "In troubled times you put your money in food" Yes. People always need to eat, but not the fancy stuff they deal in. Greater commitment required from the directors.

[highland drovers] 18/2/2002 17:38

Have a look at the shelves in Tesco if you want to see how well this company is doing. Tesco have added several lines that JLG supply recently, have a look. Biscuits, seasonal sections, sweets etc. All high margin areas that the supermarkets are trying to promote to make more money from the same sales. Why do you think this company was a hard hit when Walmart arrived, these were the lines with the margin to squeeze, now they are the ones supermarkets are pushing to maintain their profit %'s.

All IMO, DYOR.

Plus I am a shareholder in JLG, for the long term.

[jhan66] 18/2/2002 11:23

I still share the optimism, though I recognise it's mostly based on company comments as yet unsubstantiated. I'd like to see some director buys though.

[goggin] 18/2/2002 09:29

Nice? NICE?
What is nice about loosing money?
totally ill volatile and has been falling for the last 6 month, where do you see a rising trend?, this will half your money in 6 month, all makes for a great feeling, invest now to half your money and then hope it will spike in 6 month???????????????????/

LOL

[spotcheques] 16/2/2002 09:41

Have been steadily buying these for the last 6 months but its nice to see that others have started to buy as we run towards results in June.The chart looks nice for a break back up to 4p+ and steady buying with nice trades like the 600k on Thursdays buy are mopping up th mm's stock.
Good recovery story on this one which started with the Finals last year and confirmed with the Interims.
Profit set to double to £1.3m+...debt reduction coming on nicely...good xmas trading flagged at the interims...talk of a reinstatement of the Divi by the Co. in the interims.
Expect a nice run up to results then a spike on results day.
Not one for the get rich quick crowd but 100%+ for those with the patience to wait 6 months.

[pipenslippers] 15/2/2002 18:22

Steady accumulation taking place.Offer will start moving up soon.

[jhan66] 14/1/2002 20:55

well it's early Jan & I could do with that 2.75p -though I think it's the market being too sleepy rather than you being over optimistic, Wayside.

Looking forward to news on further progress & reinstated div. anytime now would be handy.

[wayside] 27/12/2001 14:50

Good margins should see 2.75 per share early jan 02

[jhan66] 03/12/2001 09:57

new results in.
recovery in performance yet to show in price

[igdobson] 11/4/2001 14:29

GARYCOOK

Does that mean "put your money where your mouth is". I used to hold these and it was about as exciting as watching paint dry. It looks as if things haven't changed.