Share Name Share Symbol Market Type Share ISIN Share Description
Laird LSE:LRD London Ordinary Share GB00B1VNST91 ORD 28.125P
  Price Change % Change Share Price Shares Traded Last Trade
  +1.80p +0.90% 202.00p 7,123,983 16:35:07
Bid Price Offer Price High Price Low Price Open Price
201.40p 201.80p 201.80p 200.20p 200.20p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 936.6 57.0 15.8 12.8 986.98

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Date Time Title Posts
12/3/201822:08Laird oversold2,352

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Laird Daily Update: Laird is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker LRD. The last closing price for Laird was 200.20p.
Laird has a 4 week average price of 111.80p and a 12 week average price of 111.80p.
The 1 year high share price is 203.60p while the 1 year low share price is currently 111.80p.
There are currently 488,601,676 shares in issue and the average daily traded volume is 1,696,457 shares. The market capitalisation of Laird is £986,975,385.52.
broadwood: ELECTRONICS ENGINEER BUYOUT Another British technology engineer looks destined to leave the stock market after management of Laird (LRD) agreed a £1bn takeover by private equity firm Advent International. The UK electronics designer and manufacturer, which makes those shark fin antennae for BMW and others, is recommending that shareholders accept a 200p per share all cash offer. Laird also unveils 2017 full year results, although those numbers clearly take a back seat in light of the takeover offer. That’s a 73% premium to last night’s 115.9p close, sparking a share price surge to 202.4p on Thursday, possibly implying a small possibility that a rival buyer could yet emerge. Laird, one of Shares running Great Ideas at 118.7p, last saw its shares trade this high before its damaging profit warning and cash crunch back in October 2016
124asd: You never know we could get a higher offer. The market seems to think so... This just goes to show how crooked the stock market is. I feel for those who bailed out when the share price was falling but good luck to those who held their nerve.
borromini1: Another example of failing to recognise the value of a company, the share price should have been at 160p plus before anyone started making buyout offers.
124asd: I do agree ugandalad as I think Laird has a bright future but I happen to think on the same lines as value that Laird is being set up for a takeover. I can understand a small drop in the share price due to the exchange rate but this has been over done.
borromini1: Lets look at the calculations for 2017 ... Profit x no. of years - Net Debt all divided by Number of Shares to give a Share Price. Lets be pessimistic ... Let's say a low P/E ratio of 13 and no net debt reduction and profit below analyst forecast at 60m. 60m profit x 13yrs - 175m / 488m = 1.24 GBP Where are we now, oh dear it's 116p, stroll on 1 March.
eastbourne1982: 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.
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.
borromini1: Lets look at the calculations ... Profit x 15 years - Net Debt all divided by Number of Shares to give a Share Price. Last years profit was 50m GBP now add this years cost savings of 10m GBP ... 60m profit x 15yrs - 175m / 488m = 1.485 GBP That's about where the share price is now. So what will the Q3 trading update tell us next Friday. Where will the profit forecast go? 65m profit x 15yrs - 175m / 488m = 1.639 GBP or 70m profit x 15yrs - 175m / 488m = 1.793 GBP Now consider the typical weighting of more profit generation in the second half. First half profits increased by 40% over the previous year to 24.1m. Take the ratio between profits in H2 to H1 2016 and apply it to H2 to H1 2017. (50/16.4 x 24.1) x 15yrs - 175m / 488m = 1.90 GBP While these are reductive calculations they give a range for where the share price will go. Take your pick.
bakunin: DR_SMITH When LRD goes X-Rights, your rights are tradable. Anybody can buy them. The rights give you the right to buy at 85p. If LRD is trading at around 180p on XR day, the share price will drop to circa 135p. The initial value of the rights will, therefore, be 135-85= 50p The price of the rights will fluctuate with the share price, but the share price could be expected to be stable during the XR period. If you have your shares in a nominee a/c, the default option will be not to take up the rights. Keep in mind that stock markets are rigged. The stockbroker that I mentioned gives its nominees next to no time to elect to take up rights, deliberately. If you're on a business trip when the letter arrives, you miss out. They will not take instructions outside of their administrative set-up. If a good portion of the rights are not being taken up (the stockbrokers running nominee accounts will know this), in my view they manipulate the share price down in the last few days of the XR period, thus lowering the price of the rights. Those rights not taken up can then be snapped up in the final minutes of trading or in the auction or whatever ensues afterwards. If the stockbroker in question has a wealth management division, it is easy to see how they stand to benefit from inside knowledge and making it difficult for nominees to take up rights. It all assumes, of course, that the share price goes back up after the XR period. In my experience, more often than not it does, especially with companies like LRD that have a long track record of stable and growing operating performance. After all, there is a reason for raising equity finance: in this case to put it on a solid financial footing for its operations.
bakunin: Rights issues are "usually" a give-away to existing shareholders. That's why there is such a big discount. Given that, in the case of LRD, the reason for the RI is to shore up the B/S, debt is basically being replaced by equity, interest payments by dividend payments. If the company is well-run, the outcome should be neutral for shareholders, apart from the fact that the cost of equity is usually higher than the cost of debt. Hence the company will still need to "grow into" its higher market cap afterwards. In my experience, if you don't take up your rights the share price gets manipulated downwards during the ex-rights period, so that those who end up buying your rights off you get a bargain. One of my stockbrokers games this by giving you a window of a couple of days in which to instruct them to take up rights. I have complained about this, but they carry on doing it. Often, their letter arrives too late and they even send out their email just before "their" expiration date for taking up rights. They are the only stockbroker who do this. The others give you 2-3 weeks at least. They are also a stockbroker that appears to run a dark pool and has a potential conflict of interest with its wealth management activity. Fortunately, the current market cap is undervaluing the company imo, even if one were to assume no growth (£450m mcap for £50m underlying PBT post interest payments). So, whether the share price rises will depend on the company's operating performance, as should always be the case.
Laird share price data is direct from the London Stock Exchange
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