Laird Share Discussion Threads

[chrisdgb] 02/2/2018 11:04

Trading statement on Tuesday according to my calendar..??

[meijiman] 02/2/2018 10:41

Very sleepy type of management at this company.

[rogerrail] 02/2/2018 10:10

Yes, other engineers have forecast 5-6% , as i said I am surprised LRD have not put a statement to this effect.

[valuehunter1] 02/2/2018 09:11

Anyone have any views on the tax benefits to LRD as a result of the US tax change...I've seen quite a few companies announce formally how it will positively impact them, surely LRD should do the same too?

[wynmck] 30/1/2018 08:18

not until 1 March.

[eastbourne1982] 29/1/2018 20:28

I've been tempted to buy these for a while but have held off, they look great on paper however the price is getting dragged down which is a concern, when the US dollar was much stronger against the pound these should have been a lot higher, once the pound started rising Laird was likely to fall back, the problem is the share price has been dropping from a low start point which has been unfortunate.

Surely an update will come soon.

[rogerrail] 29/1/2018 18:20

Given the current share price this could probably be taken out around the 170 level which would indeed be a lost opportunity.

[eastbourne1982] 29/1/2018 17:06

1.2 billion is circa £2.50, seems too high, remember the shares were diluted as a result of the rights issue. Also pound surging makes this far less attractive than it was.

£2 max for a takeover imho.

[valuehunter1] 29/1/2018 15:00

Good point RR but I do fear a US t/o on the cheap...I would be extremely disappointed for anything less than £1.2bn. If the forecasts prove to be correct for 18/19 then higher.

[rogerrail] 29/1/2018 14:11

VH1
No longer a UK based Company in my book as they don't design or make anything here, so unless things change I don't care if it does get taken over, all we will lose is a PLC name with some history.

[valuehunter1] 29/1/2018 13:13

Agree with you RR, granted they had a rough patch but looks like Tony has steadied the ship again with the Q3 update quite positive. Looking forward to the year end results due on 01/03, if the momentum has continued (as expected) and the outlook is bullish (as expected) then these should re-rate nicely over the next 12 months. Would rather the business stay in the UK and grow nicely rather than a US company taking over at a discounted rate and reaping the benefits.

[rogerrail] 29/1/2018 12:39

Definitely a takeover candidate, given the growth markets it operates in, its a steal at this price.

[simon gordon] 29/1/2018 11:28

From the most recent Half Year Report:

There is also the translation impact in converting profits into the Group's reporting currency (sterling); each 1 cent appreciation of the US Dollar against sterling approximates to an annual increase in operating profit of GBP0.4m.

[meijiman] 29/1/2018 11:26

Agree though the weakening $ not helpful to that scenario. Just seems on too low a valuation....maybe management should promote it a bit.

[valuehunter1] 29/1/2018 10:54

Taken a large position in this, looks oversold and it would not surprise me in the slightest if the American's came back knocking to t/o this. I remember back in 2011 it was Cooper's who made a formal approach and back in 2016 an informal approach was batted away by the BoD...prob a mistake at the time. But great value now for building a position and waiting for some action imo.

[borromini1] 26/1/2018 23:03

The price fluctuations are happening without the update.
And the debt is mainly dollars.

[rogerrail] 26/1/2018 19:22

Strong £, this is a dollar earner

[chrisdgb] 26/1/2018 14:46

Why are we down 4% today......?

[grahamburn] 26/1/2018 09:45

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.

[borromini1] 26/1/2018 09:36

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?

[wynmck] 26/1/2018 09:16

I was expecting one also...but having checked...see last one 27/10 and it states
"The Group will next report at its Full Year results on Thursday 1 March 2018"
(and Co. confirm this)

[borromini1] 26/1/2018 09:09

Where is the trading update? Last year it wes 24 Jan, previous to that 21 Jan. Late release of updates often equates to bad news, today's drop seems to reflect that interpretation in combination with general factors such as rumours about Apple sales volumes and the drop in the dollar.

Come on Laird, lets have an update showing a solid performance as forecast by yourselves and the analysts to counter this latest downward drift and get the share price back up towards 160p, failing that get any bad news out and move on.

[meijiman] 15/1/2018 19:05

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.

[rogerrail] 15/1/2018 17:10

With companies like SMIN and FERG predicting a 5%-6% tax benefit from US tax changes , surprised at the lack of reaction here considering the company trades predominantly in the US.