Latchways Share Discussion Threads

[ganthorpe] 04/8/2014 14:02

Now back down to a more sensible level - that is - if the recovery is going to plan. Maybe the slip back suggests it might not be. Or just the general slide in small caps with no news.
GAN
Not going back in till under 1000p

[alter ego] 09/6/2014 10:46

same thoughts here

[jeffian] 09/6/2014 10:31

Have had this on my watchlist for some time. Still seems surprisingly highly-rated with earnings going backwards and a cautious outlook statement. What's keeping it up?

[pugugly] 01/4/2014 16:42

Still falling p/e for 2014 looks a bit high imo p/e are calculated at a mid price of 1025p

2014 refs eps0.490 p/e 20.9184
2015 refs eps0.600 p/e 17.0833

[finkwot] 04/3/2014 04:39

wtf is a 'fall protection solution'? Whatever it is, it didn't work very well after the IMS, did it?

[superstardj] 10/2/2014 16:52

The first key point is that orders have been deferred, not cancelled or lost. The second is the strength of the balance sheet, which means the dividend is not in danger. The third is this company will already be on the radar of potential suitors. Just got to be patient now for the squall to blow over.

[analyst] 10/2/2014 16:01

Another profit warning - gulp!

It blames a number of factors, such as delays in short term order intake in two divisions, strengthening of the pound, and the cost of new product development and sales teams. This culminates in the key sentence saying: ...both revenues and profits for the year to 31 March 2014 are now expected to be materially short of current market expectations. Profit before tax is expected to be in a range from £6.5 million to £7.5 million.

The outlook statement says that they are confident of their strategy, but doesn't seem to indicate any immediate recoveryin trading, as I read it. Although it holds out longer term hope, saying: Although these setbacks are disappointing, we are confident that our strategy of investing in the sales team and infrastructure of the business is the right course. The benefits of our recent investments will take time to reach their full potential but we expect these to be significant.

[wjccghcc] 10/2/2014 11:24

Dunno. LTC seems to go its merry way without caring too much about the City so DL may well be out of date.

[jonals] 10/2/2014 10:56

Morning Star figures are for 2014 which I guess is the current year (ending 31/3/14). Interesting the difference with Digital Look. Do DL give pre-tax or post-tax profits?

I think the Morning Star figures look about right given the interims stated full year expectations slightly below 2013 levels. 2013 pre tax profits were £10.94m. But it's not a company I follow closely so stand to be corrected.

[wjccghcc] 10/2/2014 08:26

You sure that's not next year. Digital look has 2 brokers with consensus 7.98mm and EPS of 71p. That would fit in more with "materially below" which is usually 10-20% as opposed to "significantly below" which is usually 20%+.

[jonals] 10/2/2014 08:08

Morning Star has three brokers on pre-tax profit of £10m, £9.8m, and £11m for the year.

[wjccghcc] 10/2/2014 07:58

I had consensus at 7.8mm so a miss of around 15%.

[pugugly] 10/2/2014 07:42

Agreed Ouch !!!!! Possible up to 20% hit to share price in today's risk adverse market.

Sweet words about new factory and US support team will not be enough to counter significant drow in profits -

Too late to get out .. MM's already marked down by 10%+

[jonals] 10/2/2014 07:19

ouch that's a big miss. PTP £6.5m-£7.5m against consensus of £10m

[robinnicolson] 18/11/2013 17:11

Investors Chronicle take on the results:



I read today that there is some good news for the UK construction industry: architects' workloads have recorded their first annual increase since 2009.

The Royal Institute of British Architects said "The overall balance of reporting suggests steadily growing confidence, with many practices reporting a notable increase in enquiries and dormant projects springing back to life".

[westcountryboy] 18/11/2013 14:44

Er... there was a profit warning in the statement!

[mitch42] 18/11/2013 13:53

Looks like a +ve set of results to me. No sign of a profit warning. The shareprice would have dropped at least 25% if there was. Just a classic case of "buy the rumour sell the news".

[cockerhoop] 18/11/2013 08:15

Full Year profit warning - below expectations and last year.

[alter ego] 13/11/2013 10:04

results due on 18th - might be attracting some attention?

[pugugly] 13/11/2013 09:52

Up over 7% so far today on much larger volue than usual.

Anyone know if this has been tipped or takeover rumour leaking?

A good solid company with niche USP's and year on year growth. net cash, pays a reasonable dividend covered some 3 times.

Declaration A long term hold from 2008.

[mechanical trader] 21/6/2013 16:51

He bought at 1045 ish

[mechanical trader] 21/6/2013 16:49

If anyones getting excited on the increase
in volume just a pointer.....Robbie Burns tipped
it wed on his site and has usualy 4 other
platforms where he follows up on his tips.

I notice the stock market historian schwartz
was getting excited earlier today on
twitter.

The spread on IG is enormous.

Heres his comments......

I've bought some Latchways (LTC). My reason? Although profits were flat this time what I like was what I read in its statement,

And that is, it has some new products which could transform the company and there was a confident ring to the statement. It is pursuing some interesting look opportunities in the states.

This all encouraged me to buy as it does not seem expensive yet no potential growth is in the price. And while waiting to see if these new products take off, there is a nice dividend to pick up in the meantime. I got mine at 1045 ish.

[huttonr] 17/6/2013 09:13

Good set of results - pleased to see that IC have changed their mind - a bit grudgingly, I thought. However, the most interesting part of the results was:

New 2,800 square metre production facility under construction

I do have the impression that the management know what the market will take so this augurs well for the future.

[alter ego] 13/6/2013 15:19

FWIW the IC have amended their advice to "Hold" citing the diversified product set as more resilient than they gave credit for.

[dell1234] 13/6/2013 13:22

In today's Shares mag - positive article on Latchways

hxxp://www.sharesmagazine.co.uk/articles/latchways-eyes-north-american-boost#.Ubm5XPk3s_w