Lakehouse Share Discussion Threads

[nurdin] 17/5/2016 17:00

Just back from a short break away and seen this debacle.Nearly sold before I left last Friday but decided to stay put! Doh

Either its a kitchen sink job or the prospects for the company have dimmed significantly.Wait and see as they say.

[dlku] 17/5/2016 16:05

could be a quick 50 per cent gain here imho


esp if we get news slater and rawlings have gobbled up a pile of shares tomorrow

[lord hindsight] 17/5/2016 16:02

love those who appreciates an improving yield but fails to mention the plunging capital they see being whittled away


mr hangman 17 May'16 - 13:43 - 583 of 586 0 0

With every week that passes, the yield, just gets better and better

[paleje] 17/5/2016 14:52

Paul Scott holds long and went through the numbers earlier, his comments are worth a read:-

[imranawan] 17/5/2016 14:42

I suspect if they didn't announce the divi, it would be a sign they don't have confidence in the underlying business - and the sell off would have been even greater.

Just my two cents worth.

[shanklin] 17/5/2016 14:27

Given management don't seem to know what is going on, at least in that some issues they are aware of are yet to play out, it seems remarkably imprudent to be paying a dividend. Why not just conserve cash, address the issues and put the company in the best possible position to move forward? All IMHO.

[mr hangman] 17/5/2016 13:43

With every week that passes, the yield, just gets better and better

[sharw] 17/5/2016 13:34

There is some confusion here over the "they" who said things in the past - we need to remind ourselves of the Board changes and remember that incoming boards like to paint as black a picture as possible when they come in so that they can take credit for any subsequent improvement.

8th March:
Sean Birrane CEO goes
Stuart Black From Exec Ch to CEO
Chris Geoghegan from NED to NE Ch
(this was the day before the EGM requisition, possibly a failed attempt to fend it off)

18th April (pre-EGM settlement):
Steve Rawlings, Ric Piper and Robert Legget to the Board
Chris Geoghegan goes

21st April Stuart Black goes

With regard to the maiden interim dividend, I do not believe they would have made this if they thought there was a chance they would have to cut the final.

[modform] 17/5/2016 13:31

Sorry igoe, I just hate it when BOD take the pi to cleaners, been there a few times myself, apologies if I offended anyone, I didn't mean the posters but the thread associated with the name LAKE

[aishah] 17/5/2016 13:27

Interesting situation with shares down around 70% in a year - why pay a divi if the new mgmnt doesn't believe H2 would be better? And surely Slater will have to show support in his new mgmt by buying more? Watching with a view to add. dyor

[modform] 17/5/2016 12:43

I think one of the most respected posters on advfn "saucepan" will be disgusted to be the person who has put his name to this thread.

[modform] 17/5/2016 12:33

My gut feel is that the next move is to cancel the divident and come to the market to ask for more cash.

Every trading statement has been a lie, how many red flags does one need

[igoe104] 17/5/2016 12:31

its a different board now ,funkmaster.

[funkmasterp12] 17/5/2016 12:28

What a shower. I don't think the company is going bust any time soon but there are coded warnings aplenty littered through the report. Contracts that need re-negotiating, exceptional costs, etc.

I wouldn't be bottom fishing here. As a holder I would be absolutely disgusted. I applaud your decision PJ1, the board need shooting (again) here.

[igoe104] 17/5/2016 12:25

It`s a bit of a kick in the teeth, but at least (lake) have a fresh bunch of senior management. nobody will want the share price to go much higher than the new current CEO because he`s the largest holder in the company.

So we got a good chance of recovery, eventually.

[pj 1] 17/5/2016 11:59

Ive decided to exit. The Co lied to me face to face a few weeks ago. I cannot tolerate that. Good luck to those who are a better judge of character than me.

[diduno] 17/5/2016 11:56

The company could be on a thousand frameworks but this doesn't guarantee any work. It still has to be tendered. This type of statement is pure hype and smells of desperation.

[phowdo] 17/5/2016 11:09

As the saying goes - profit warnings come in 3's.
The next one could be a doozy...

[dlku] 17/5/2016 11:07

600k buy - slater?

[dlku] 17/5/2016 09:07

is this where slater and founder fills their size 10 boots

[dlku] 17/5/2016 08:55

Directors buying here imho


soon perhaps a bid from Mears....

[pugugly] 17/5/2016 08:48

Board talking up order book BUT were most orders gained under previous manaement ??

If so were they correctly costed ?? Jury out on this point (imo) so if not correctly costed then potentially could be working for a further LOSS.

Anyone closer to the company able to comment in detail ??

[nw99] 17/5/2016 08:25

Warning of the day: energy saving & repairs contractor Lakehouse H1 loss 1 mth after saying H1 in line. New mgmt find mismgmt. $LAKE.L -41%

[modform] 17/5/2016 08:25

In my spreadsheet it says, BARGPOLE, RE-ACCESS, now it says BARGPOLE, AVOID.As I said the last statement gave the indication of profit warning but didn't expect it to be that bad