Share Name Share Symbol Market Type Share ISIN Share Description
Lakehouse LSE:LAKE London Ordinary Share GB00BSKS1M86 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.67% 37.00p 36.00p 38.00p 37.25p 37.00p 37.25p 10,862 10:02:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 299.5 -3.1 0.0 - 58.29

Lakehouse Share Discussion Threads

Showing 901 to 919 of 925 messages
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
1newtothis - as this is the forum for discussion on Lakehouse, I feel certain that if I were to talk of other stocks you would delight in reminding me of this. Should you wish to discuss other stocks, I suggest you visit their corresponding forums.
Please diduno. Can you tell us about a different stock? Or is this the only one blessed with your expertise?
sharw - why was it not made clear that Lake's subcontractor, Polyteck (or should I say its directors now heading the newly established Mapps FM), would be taking over Construction, Property Services and Fosters? You will recall that Hackney's Mayor warned social landlords of the problems it had encountered with Lake & Polyteck and of contemplated civil proceedings. Bearing in mind that Construction turnover was in excess of £90m and Fosters in excess of £30m in 2017, the deal concluded with Mapps does appear attractive for the newly formed company described as sector specialists. How can a company with no track record be described as specialists? It may prove to be a disaster. There was also no mention that Mapps would be sharing Lake's offices? Could this be a sell off in name only in order to disassociate both Lake and Polyteck from the bad press linked to the Mayor's letter and possible civil proceedings by Hackney? Unfortunately, information passed to me indicates that there will be more bad news for Lake in the near future. Rather than attempting to ridicule my posts, which I only make as constructive criticism and warning to shareholders, it would possibly be beneficial for those investing to undertake their own checks on this company. You are perfectly entitled to ignore my posts and proceed as you see fit which I dare say is what most have done whilst enduring the collapse in the share price.
Another fatuous comment from diduno. Mapps did not buy just the business, it bought the legal entities Lakehouse Contracts Limited and Foster Property Maintenance Limited. Given that Lakehouse set up in Acadamy Place "to accommodate our operations teams" some part of that will have passed to Mapp. If Lakehouse owns the leasehold it could mean some rental income from sub-letting to Mapp.
Just noticed that the newly established Mapps Group, which I feel certain will incorporate Matts FM - if not now but at some point in the future - changed its address 03/09/2018 to Academy Place, Brentwood. This is a Lakehouse office address. This appears to be good business for the Mapps Group. Not only does it get what appears to be an extremely good deal on buying Lake's Contracts and Property Services divisions including Fosters, it gets accommodation thrown in. I wonder if it also includes meals?
Diduno thanks for all the warnings of doom we are all grown ups and make our own investment decisions based on what we believe in and I believe the current B O D are doing just fine under what were difficult circumstances !! If your that downbeat about lake why not sell up and move on to other opportunities
My high level sources inform me that the subsidiary has been sold to Mapps Group. Obviously I cannot reveal my sources but they have been 100% accurate in the past.
Diduno must be a disgruntled former employee always sniping away looking for something that isn’t there you need to move on the bitterness is killing you
You don't state facts, you speculate and twist any news that the company comes out with. The company has made mistakes in the past under the old management team however that is now being addressed by Bob Holt and the new team. If they over paid for Foster's can't do anything about it now however the new team has stated they will concentrate on Compliance and Energy Services activities where they see a profitable future. I don't care who Mapp's are or the people behind the company, good luck to them, I hope they make a success of the business. Nice to see Bob Holt buying 100,000 shares on Friday.
My point is that you are for some reason, using this as a malicious gossip site to bad-mouth this particular stock, presumably with the intent of devaluing the stock. Why?
1newtothis - I'm sorry to have to tell you that your information source is misleading. Whilst Lake may well claim that it was they who first notified police of a fraud, is this the fraud currently being investigated by police? My sources tell me that it isn't. Furthermore, Bob Holt has previously stated that Lake was not complicit in the fraud and that it was just a few rogue staff. This begs the question were these rogue staff, who I am informed were senior managers responsible for £millions of work, not managed or supervised by their superiors or directors? If so, what were they looking at in order to permit, what appears from Hackney Mayor's correspondence with other authorities, to be an extremely serious fraud take place. Moreover, if these managers were staff of Lake, is the company not ultimately responsible? Lake cannot simply wash its hands of corrupt staff and claim they did not form part of the company together with all the other staff it employs and credits for their professionalism. Taking into account the above, how or why was Lake allowed to float on the stock market shortly before news of the fraud was publicised? Were the relevant authorities aware of the reported fraud and had the company, as it claims, reported it to police before or after the flotation? Either way, a lot of investors have lost a lot of money based on the float price of 89p and I think these questions should be addressed. Whilst we are all aware that past performance is no indicator of future performance, it is my belief that, in this instance, it will be. With reference to the sale of Construction, Property Services and Fosters to the Mapps Group, it must be accepted that this private limited company was only established in June of this year. It has absolutely no track record or even phone number or email address listed, although it is claimed to be backed by 'sector specialists'. Who are these specialists? Are they related to Lake? Inewtothis and vfast should simply ignore my posts if they believe them to be of no value.
I have to say my heart sank when I saw a Trading Update on an August Friday afternoon which generally means very bad news. I took this as broadly positive and good that the deal had been put to bed pretty quickly and let's hope that indeed no further impairments will be needed. I do not see much happening to the share price till we get the next financials.
Sale of the Construction and Property Services divisions has been announced. I can’t see any real financial gain for the company however they can focus on the Compliance and Energy Services side of the business where they state it is profitable. Bob Holt, Executive Chairman of Lakehouse, said: "I am delighted with the sale, which will allow the Group to focus on its Compliance and Energy Services activities. Both are businesses where we have strong market positions, which help underpin more predictable and profitable revenue streams. I believe that Lakehouse Contracts and Foster under the private ownership of Mapps Group will do well. I want to thank the staff of Lakehouse Contracts and Foster for their professionalism during what has been an uncertain time and wish them all the best for the future."
diduno It is your constant negativity and doom and gloom for well in excess of 2 years. I except the company does have issues however I believe they are working through them and will come out the other side in a better position. What connection did you have with the company?
Still at it diduno. You've been claiming since April 2016 that you have knowledge form a reliable sauce. All in good time Tippers all in good time….remember that one? Absolutely pathetic. Your assumptions/speculations never come to anything. Grow up and get a life and move on.
I do know the background of the subcontractor but at this stage do not consider it right to disclose it just in case the information passed to me is wrong, although I am confident it is not. To my knowledge the subcontractor has limited exposure to construction and a specialist exposure to property services and will, I think, require the services of Fosters. If what I have been told is correct, it doesn't look a particularly good fit considering that it subcontracted to Lake for its work in Hackney, and what jsmith1982 states in his post of 07 August seems to hit the nail on the head.
Diduno - do you know the background of the specialist subcontractor? Will they need Construction, Property Services and Fosters? Sounds like a bold move and a statement of intent.
I think you are absolutely right jsmith1982. I have been informed by an industry source that the 'sector specialist' in place to take over Construction & Property Services is actually one of Lakes subcontractors, one of those that worked on the Hackney Contract for Lake. If this is correct, it makes one wonder how the contract could have resulted in the problems reported unless, of course, the problems were not connected with this specialist? I realise that this all seems somewhat obscure, but that is the information passed to me from a source that has, in the past, been 100% accurate. Time will tell.
Its worth bearing in mind that 'Construction' and 'Property Services' are two distinct business units, the police investigation was only ever linked to the Property Services business (excluding the Fosters business). My expectation is that the new owner will take on the business for a minimal price with Lakehouse Plc underwriting any risk on specific items which remain outstanding. The original Lakehouse business with have a zero net book value and the Foster business has already been impaired (the £30m loss last year) so in theory the impact of this transaction will be mainly professional fees etc, and will be an exceptional item in the accounts. I would be very surprised if any cash changed hands, which means the remaining group is left with the same debt burden but on a smaller base.
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
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