Latchways Share Discussion Threads

[huttonr] 11/2/2013 15:57

I see that Investors Chronicle have repeated their sell advice - so perhaps we should buy now?

[huttonr] 20/12/2012 15:51

Note via Citywire below:

Peel Hunt backs Latchways with 'buy' recommendation

Christopher Bamberry, analyst at Peel Hunt, has initiated coverage of safety products maker Latchways (LTC.L) with a 'buy' recommendation, citing its growing international reach and product development.

The analyst said Latchways has delivered impressive margins (24% in 2012) and a high return on capital (56% in 2012).

'With significant revenue growth opportunities through product development, new market penetration and further geographic expansion, we expect that these will continue into the long term,' he said.

The shares trade on 12.1x estimated 2013 earnings, which Bamberry noted is a 10% discount to the FTSE Support Services sector and a 3% discount to the historical average.

Shares in the group closed at 991p on Wednesday, down 1.5p or 0.2%.

[huttonr] 10/12/2012 09:06

Good to see these contract wins - I think it's the first time they have announced this type of news. It should help the share price and also helps to confirm 'jimijimone' note of Nov 14.

[jimijimone] 14/11/2012 16:11

Bought in to Latchways as their order intake has picked up a lot in the second half of the year. Expect full year results to be good.
We have certainly seen orders on us for supplying some of their components vastly improve in the past couple of months.

[huttonr] 12/11/2012 13:10

Results roughly as expected and the share price has dropped a little but reasonably optomistic comments so I think I'm still comfortable with this share.

[contrarian2investor] 04/9/2012 21:47

AHT results grabbed my attention also and led me to added LTC and SDY to my watchlist.

[huttonr] 14/8/2012 08:54

IMS reasonably reassuring, I thought, tho' we will probably see some share price drops with the interims in November?

[superstardj] 13/8/2012 17:16

IMS tomorrow ...

[alter ego] 03/8/2012 15:31

I agree, it's increasing safety regulation that drives demand even where you're looking at maintenance and access rather than construction. LTC is a quality company with quality products. I'm just peeved that having waited to buy on a dip, the dip just got bigger. Sods law strikes again.

[superstardj] 03/8/2012 15:05

Having read the article I think it is complete tosh. The assertion that LTC "basically sells safety harnesses in a construction downturn" is rubbish. It supplies highly innovative, engineered products which are fully patent protected. And the construction industry, whilst important, is no longer as important as it once was in the wider scheme of things. This is journalism of the lowest order.

[alter ego] 03/8/2012 14:57

How annoying, having recently bought in. Back in June the IC said hold at a rather higher share price I know they don't get it right all the time but it does seem to have knocked the share price today.

[huttonr] 03/8/2012 08:19

Investors Chronicle has published a Sell tip in this weeks magazine - summary below:

Latchways' share price has retreated from its 12-month high of 1,238p, but at 990p it could be in for further falls. Broker N+1 Brewin recently downgraded current year forecasts by 5 per cent to pre-tax profits of £10.9m, giving EPS of 70.1p. That puts the shares on a PE ratio of 14 times - arguably a punchy rating for a business that, despite its niche, basically sells safety harnesses in a construction downturn. Exposure to the euro only makes the picture worse. Sell.

[superstardj] 11/6/2012 19:59

Yes but the key is the product innovation. Best pipeline in my memory and I've known about this company since before its IPO.

[robinnicolson] 11/6/2012 14:02

Solid results considering the current world economic climate.

[losos] 16/11/2011 09:44

Jeffian - It's been on my 'watchlist' for a long time also. It's not just the high PE which has put me off but also the spread. I generally like to see a spread of 3% or less, OK I know that ADVFN is showing 5.5% at the moment which is not too bad for a small company. The recently announced 'special dividend' is a great temptation for me, perhaps the bond traders will turn their guns on Spain and we'll see another across the board write down before Xmas, then I might be unable to resist grabing a few of these lol.

[huttonr] 14/11/2011 18:06

It was down at 400 in late 2008 - you should have taken a chance!
I agree the PE ratio is very high but they do seem to keep going and it is a good long term sector.

[jeffian] 14/11/2011 11:54

Yes, it's a nice company in a sector (safety) which looks reasonably recession-proof. It's been on my radar for some time but I've never got round to buying any because it does look quite expensive on a multiple-of-earnings and whilst it's good to see any growth in current markets, I'm not sure that reported today warrants such a high PE ratio. I'm always waiting for it to 'fall back' for a buying opportunity - but it never seems to!

[huttonr] 14/11/2011 08:25

Very pleasing results today - especially the dividend!

[gswredland] 30/9/2011 18:23

one wants some cash for something?

[mafia music] 25/9/2011 21:14

is it not weird that one director buys 7,723 shares and the other sells

Latchways (LTC)
Director name: Mr Paul Hearson
Amount purchased: 7,723 @ 1,300.00p
Value: £100,399




Director name: Mr David Hearson
Amount sold: 7,723 @ 1,300.00p
Value: £100,399

[robinnicolson] 10/8/2011 20:31

A good IMS. I especially liked their statement that new products are expected to produce significant revenues in the future.

[robinnicolson] 05/8/2011 17:09

15% down at one stage today...couldn't resist the opportunity to buy a few more.

[robinnicolson] 18/6/2011 17:15

The Naked Trader likes LTC: