Laird Share Discussion Threads

[cyberian] 11/4/2017 16:40

Agree with you 100%...trying to look at where we are on market cap. before the huge and sudden negative news...then looking at the 4 for 5 rights with 85p cost factor, and then trying to determine whether the MC is too high. On balance one must think it is and therefore sentiment will remain somewhat negative for a while...still, hope that they can recover although quite a test for management which may need further help in star quality.

[churchtower] 11/4/2017 16:29

I would be extremely cautious about investing in Laird until some positive news emerges. The mess left and manner of Lockwood's departure was more than reprehensible. The current inexperienced management, who have recently held out the begging bowl, in an attempt to get others to pay for rectifying matters have a long way to go and much to prove before the Company can be trusted again. CH.

[cyberian] 11/4/2017 16:28

Any ideas why we are holding back here...is it due to concerns over similar treatment to that of IMG on their rift with Apple? Not too sure what the sales level and forward contract commitments with Apple for LRD, but I guess the tech supply chain wherever you are based is getting the doubters prevailing. Recent Director buys are useful but relatively modest in the scheme of things, so I guess we just have to wait for the next update.However, I sense that LRD tech advances are quite different to that at IMG.

[grahamburn] 07/4/2017 13:56

IMO the re-rating will be MEDIUM-TERM (as noted above) and even that will be governed partly by the next trading update, especially as Apple seem to be playing hardball with their suppliers (eg Imagination Technologies) at the moment.

[deuchar] 07/4/2017 12:35

I would have thought that the rerating might have recommenced. Can anybody explain the lack of price movement?

[deuchar] 04/4/2017 12:29

Many thanks grahamburne very useful

[grahamburn] 04/4/2017 12:22

Not sure what you mean by that.

Of course, it was going to be a fully taken up rights issue. My previous comment was simply stating the obvious - that the share price would only make a decisive move once the rights issue had taken effect.

Indeed, it did make an understandable decisive move yesterday (downwards) as the new shares became tradable and a decisive move (upwards) today as maybe (non-holders) joined the register.

Who knows? churchtower made a valid comment as well, with Apple being a significant (though less important in recent times) customer of Laird.

IMO the company has genuine recovery potential, so do not disagree with your belief that the share price is due a re-rating over the medium term.

[deuchar] 04/4/2017 09:46

good result grahamburn!

[churchtower] 03/4/2017 16:41

Possibe reaction to Imagination Technologies news?

[dr_smith] 03/4/2017 16:09

LRD down4.58% to 146.
I don't know if this is a market down shift or as expected as part of the rights issue re-shuffling.

My google shows:

Latest time and date for acceptance and payment in full and registration of renounced Provisional Allotment Letters.....
11.00 a.m. on 3 April 2017

Expected date of announcement of results of the Rights Issue through a Regulatory Information Service...................................
4 April 2017

Dealings in the New Shares, fully paid, commence on the London Stock Exchange fully paid.........................................
8.00 a.m. on 4 April 2017

[deuchar] 31/3/2017 11:56

I suspect fully taken up Grahamburn-but I've been wrong before

[grahamburn] 30/3/2017 17:44

Not till the results of the Rights Issue on 3 April.

[deuchar] 30/3/2017 15:53

This stock looks ready to go

[libertine] 21/3/2017 17:19

Extended closing auction on the new shares with close at 71.5p up 25%.

New shares closing value 7.5p above old shares.

Which one will move in the morning to close the gap?

[cyberian] 21/3/2017 13:24

Encouraging move so far today on share price

[connor23] 20/3/2017 22:03

Managed to get hold of the Berenberg note. A good read with a 185p target post RI (9xEV/EBITDA 2018E).

Interestingly they see the RI as driving improvements in trading of 11%/18%/40% for 2017E/18E/19E in terms of EPS on a constant share count basis. Hopefully management can deliver the restructuring changes to achieve this.

[luisfrg] 18/3/2017 22:30

Onwards and upwards

[pugugly] 18/3/2017 15:40

The price of the NP and old - taking into account the amount necessary to take up the rights are nearly in balance excluding brokers charges and stamp
Vis. need to cough up 85p by the 4th April to pay for the purchase of the new shares at 85p each. So at 56p to buy 18/3/17 *85+56) the matching price for old ordinaries is 141p - Closing offer on Friday was 141p so no topline gain/loss either way if buying fresh in the market - maybe a slight reduction in brokers fees subject to terms of business.

[grahamburn] 17/3/2017 15:50

The theoretical post rights share price figure quoted in the original offer document was 134.86p.

[luisfrg] 17/3/2017 15:17

Surprised these have fallen back to 1.41 any thoughts?

[3dharry] 17/3/2017 13:44

Has anyone had to fill out an Appropriateness Assessment Form to sell their Nil paid RI's?

[libertine] 17/3/2017 11:50

The new shares are trading under the ticker of LRDN

[libertine] 17/3/2017 11:48

Yesterday you had say 100 shares at 175p Value £175.00
Today you have 100 shares at say 150p Value £150.00
Plus today you have nil paid rights (4 for 5) of 80 shares at 65p Value £52.00
Profit £27.00 (15%)

By the 4th April you have to pay for the purchase of the new shares at 85p each.

The new shares will then rank equal to the old shares.

[luisfrg] 17/3/2017 10:59

Guys can someone please explain again the impact of the rights issue as well as how that transfers to today's price and move...pls use 1.50 today as example thank you...

[dr_smith] 17/3/2017 09:35

So you agree on maths.Cheers.
Hmmm. These things normally self balance, no "free money". I should be happy, but can't help thinking I have missed something.