Lambert Howarth Share Discussion Threads

[greengiant] 18/5/2007 09:07

Been shorting this one since 52p and have further increased my short. Only way the company will survive will be to raise funds at a significant discount to the current market price. That is IF the company can raise funds - there is no guarantee of that.

This has got to be the most obvious short of the month!

gg

[arthur_lame_stocks] 28/9/2006 18:37

That´s not a bad idea Ben. I just had a look on there and looks to be focussing on the sort of shares I like so i´ll try that thread for now.

[ben value] 28/9/2006 13:19

Arthur and hybrasil - you may want to look at/contribute to Rainmakers Value Thread VAL. There was a mention of LMBT in message 7.

[hybrasil] 28/9/2006 12:31

Yes an excellent idea.

[arthur_lame_stocks] 28/9/2006 12:16

How about "The carrion club"?

I have thought about starting a thread for these kind of asset/recovery/sum of the parts type investments. There´s a group of posters over here that all seem to be into the same type of thing and all seem to be quite sensible.

A thread to highlight new opportunities of this type might be quite useful.

[hybrasil] 28/9/2006 12:01

Arthur
We meet again
We will have to start a bottom feeders club

[arthur_lame_stocks] 28/9/2006 10:49

Those results suck!!!

[hybrasil] 28/9/2006 08:09

Wasnt I lucky.

[hybrasil] 27/9/2006 20:11

tried to buy a few more today. no luck

[hybrasil] 26/9/2006 20:45

despite my gloomy posting I changed my mind and bought the massive amount of 10k shares today

[hybrasil] 25/9/2006 11:31

had a good look.
If this is making profits (which from its trading statement seems to be an issue) then added to my maths must be a multiple of those profits.
However if you look at the accounts you will see a pension deficit of approx £10m and goodwill of £14m. If there are no profits I would think the good will to be wildly overstated.
If you subtract £24m from the assets, it just doesnt look very jammy.

[hybrasil] 24/9/2006 20:15

£3m or £4m

[pbracken] 22/9/2006 12:58

When does value kick in? Is it terminal for this company?

£2.5m in the bank; £11m makt cap. Turnover £90m, and falling fast, along with profits.

What's it worth?

[high park] 18/9/2006 13:20

Ho hum, below 65p now.

[high park] 19/7/2006 20:51

Where's it going to stop?

We were at this point this time in 2001. The last 16 months are a repeat of 16 months 2000-2001, from 380 down to 82.

[high park] 22/6/2006 18:16

Back in May, Investor's Chronicle rates this a sell and predicted profits of £2m this year.

5 May 2006

LAMBERT HOWARTH (LMBT)



Lambert Howarth's largest customer, Marks and Spencer (M&S), is driving an increasingly hard bargain. Discounts extended to M&S rose by £2.8m last year and this hit profits in the footwear division, which fell 22 per cent to £10.3m. And the homeware arm fared even worse, sliding from a £1.2m profit in 2004 to an £8.1m loss, reflecting weak retail conditions. In an attempt to reduce costs, manufacturing operations in Portugal and the Isle of Man were closed and replaced by suppliers in the Far East. But Lambert says it will now be hit by EU anti-dumping duty, which is soon to be imposed on shoe imports from China and Vietnam.

Chief executive Garry Hogarth has now announced that he will stand down in June, to be replaced by Pamela Harper, previously executive vice president for accessories and shoes at Burberry. Collins Stewart expects adjusted pre-tax profit of £2m and EPS of 7p this year (from £5.3m and 15.1p, respectively, in 2005).

[ok,yah] 20/6/2006 14:21

Arthur, high park

I've got my beady eye on this as a value stock as well - I dont think there is a rush to buy though as newsflow is unlikely in the short term and I sense the summer will not be kind to stocks like these. Will maybe buy on any price collapse (!) or closer to results depending how it looks

[high park] 19/6/2006 18:13

Interesting to watch the long term chart, up and down like a yo-yo. In 2000 it fell from 350 to 100 in 18 months and was back up again within 4 years. Then just over a year to fall from 350 to 92.75 today. Back again to 350? Could be a bargain.

[arthur_lame_stocks] 13/6/2006 15:15

I wonder just how bad things are here. I know they warned recently and i´m not surprised they are struggling but the footwear business alone made a pre tax profit of 10m last year. Is this profitability going to drop off a cliff now? The market cap is less then 20m with about 3m in cash. Perhaps they´re getting cheap or is the outlook really hopeless?

[made1686] 18/5/2006 10:02

yes its going to lows of 2002 80p now

[high park] 27/4/2006 21:12

Is there an interpreter in the house?

[Abuse team] 26/4/2006 13:19

Post removed by ADVFN

[Abuse team] 25/4/2006 09:08

Post removed by ADVFN

[cantata] 12/4/2006 13:55

Sorry to burst back into this bustling thread, but I notice that North Atlantic Value LLP has beeen steadily building up a 10.25% stake. Is there method in their madness, I wonder?