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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Laird | LRD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 199.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 199.90 |
| Top Posts |
|---|
Posted at 07/4/2018 09:40 by borromini1 Some people may be puzzled by the post offer share price for Laird being slightly but consistently higher than the offer price. CEO Tony Quinlan describes the offer as "fair value", is that fair to middling or fairly good for shareholders? Lets look at the calculations ... Profit x 15 years - Net Debt all divided by Number of Shares to give a Share Price.2016 profit was 51.1m GBP now add 2017 cost savings of 10m GBP as part of increased profit and 6% reduction in net debt ... 67.3m profit x 15yrs - 164.4m net debt / 488m shares = 1.73 GBP That's about where the share price should be without the offer. So what does the 2017 trading results tell us? What is the offer premium over a fair share price as indicated by the 2017 results? 2.00/1.73 = 15.6% So we have an offer that represents a 15.6% premium over a fair value for the company based on 2017 delivered performance, hardly impressive, the current offer is decidedly fair to middling while grabbing a big discount on the substantial future growth in the connected vehicles division. That's why the current share price is above the offer, no self respecting institutional investor would accept such a fair to middling offer after sticking with the company over recent years. And that is why the offer was announced at the same time as the 2017 results, thereby removing the possibility of the share price jumping and showing up the low offer of 200p for what it is ... a big discount on expected future growth. |
Posted at 26/2/2018 12:09 by borromini1 Roger - unlike IQE there are no short positions over 0.5%, and have not been any since Oct 2017. The only problem seems to be that the regular investors are doing the job for them !!!! Maybe that will change after Thursday. |
Posted at 26/1/2018 09:45 by grahamburn Conversely too many updates encourage short-term price fluctuations - as well as short-term decision making amongst company executives with a weather-eye to the share price. That was partly the reason why the requirement for trading updates was relaxed. Far better to make announcements as and when significant changes in expectations or activity deem it necessary rather than to a fixed cycle.IMO half yearly/yearly figures give a much better indication to "investors" about a company rather than continual commentary (which pleases "traders"), tempered of course by necessary announcements as noted above. |
Posted at 26/1/2018 09:36 by borromini1 If in December in Shares Magazine Tony Quinlan stated his disappointment regarding the market’s reaction so far, why exasperate the situation by NOT releasing a trading update when visibility on the companies performance is so dependant on such statements.I vaguely remember reading that recent regulatory changes reduced the number of updates a company is required to make, are Laird taking advantage of this and ducking out of the previous pattern of informing investors? |
Posted at 15/1/2018 19:05 by meijiman If I was Tony Quinlan I would ask the broker to arrange some meetings to see new and existing institutional investors. If the numbers are solid then it should attract interest since, as per the above post, it looks cheap on most of the forecast numbers.Still it does take time to get over the bad news which the previous ceo dished up. |
Posted at 26/5/2017 13:05 by simon gordon What Investment - 24/5/17:The share in question is Laird Plc. Dixon commented, ‘Last year was a tough one for the company, involving a series of profit warnings due to an underperforming acquisition and disappointing volumes from a major customer. All of which put undue strain on a stretched balance sheet and culminated in a rights issue. However, with a repaired balance sheet and a new management team in place, the potential for self-help together with evidence of a significant improvement in the underlying trading momentum within the business gives us confidence that we should see positive earnings estimates revisions as this year unfolds with the shares starting at half their mid 2016 levels.’ |
Posted at 01/3/2017 07:05 by bookbroker Much of the benefit of taking up rights naturally mitigated by price realignment, , investors have no option but to take them up, however new investors could do well to buy the right to buy! |
Posted at 03/12/2016 00:26 by mj19 Traders might also be keeping an eye on the Piotroski Score or F-Score. The score is named after its developer Joseph Piotroski who created a ranking scale from 0-9 to help determine the financial strength of a company. Laird PLC (LSE:LRD) currently has a Piotroski Score of 2. To arrive at this score, Piotroski gave one point for every piece of criteria met out of the nine considered. In terms of profitability, one point was given if there was a positive return on assets in the current year, one point if operating cash flow was positive in the current year, one point for higher ROA in the current period compared to ROA for the previous year, and one point for cash flow from operations greater than ROA. In terms of leverage and liquidity, one point was given for a lower ratio of long term debt in the current period compared to the previous year, one point was given for higher current ratio compared to the previous year, and one point if no new shares were issued in the last year. In terms of operating efficiency, one point was given for higher gross margin compared to the previous year, and one point was given for a higher asset turnover ratio compared to the previous year. In general, a stock with a score of 8 or 9 would be considered strong while a stock with a score from 0-2 would be considered weak.Investors may also be watching company stock volatility data. Laird PLC (LSE:LRD)'s 12 month volatility is presently 73.112600. The 6 month volatility is 102.895800, and the 3 month is noted at 136.422200. Stock price volatility may be used to identify changes in market trends. When markets become very volatile, this may point to a change in investor sentiment. Watching volatility in combination with other technical indicators may help investors discover important trading information.Diving in a bit further, we can take a quick look at the Q.i. (Liquidity) Value. Laird PLC (LSE:LRD) has a present Q.i. value of 17.00000. This value ranks stocks using EBITDA yield, FCF yield, earnings yield and liquidity ratios. The Q.i. value may help spot companies that are undervalued. A larger value would represent low turnover and a higher chance of shares being mispriced. A lower value may indicate larger traded value meaning more sell-side analysts may cover the company leading to a smaller chance shares are priced improperly.Investors keeping an eye on shares of Laird PLC (LSE:LRD) may be examining the company's FCF or Free Cash Flow. FCF is a measure of the financial performance of a company. FCF is calculated by subtracting capital expenditures from operating cash flow. Currently, Laird PLC (LSE:LRD) has an FCF score of 1.173542. The FCF score is an indicator that is calculated by combining free cash flow stability with free cash flow growth. Typically, a higher FCF score value would indicate high free cash flow growth. The company currently has an FCF quality score of 3.616243. The free quality score helps estimate free cash flow stability. FCF quality is calculated as the 12 ltm cash flow per share over the average of the cash flow numbers. With this score, it is generally considered that the lower the ratio, the better. |
Posted at 03/12/2016 00:24 by mj19 Laird(LSE: LRD) is unpopular with investors today as the global technology company has proposed a £185m rights issue and cancelled its dividend. Although trading has been in line with the update issued in October, Laird is seeking to bolster its financial firepower via a fundraising. While this could cause a degree of pain in the short run, could Laird eventually prove to be a sound buy?Underlying profit is expected to be around £50m for the full year, with the company's operational improvement programme on track. This will deliver annualised savings of at least $20m from 2018, with around $15m expected in 2017. This should help to improve Laird's financial performance and also aid its financial position.Encouraging |
Posted at 19/7/2016 14:23 by churchtower Tubes - You are incorrect about not making a profit last year. Underlying operating profit for 2015 was actually up 12.8% to £80.7m. The exceptional costs relating to the consolidation of manufacturing, central distribution and central hubs for R&D and engineering will clarify it for you. These costs are being incurred in order to streamline the business which is world wide and make substantial savings in the future. My understanding is that this reorganisation is going very well and ahead of expectations. I would recommend that you read the annual report for 2015 available within Investor Relations on the Company website. CH. |
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