Legion Group Share Discussion Threads

[dunluce] 27/4/2010 22:58

Interesting today - marked down on less than £2k worth of trades. Still unloved and unnoticed - may have to pick a few more up. (I just wish the company communicated better with Shareholders and the wider Mkt)

[eugene1234] 23/4/2010 09:01

They're still looking to grow which in near term will cost: -

'This sale follows a decision by Legion Group to concentrate on further growing its core activity of providing security personnel.'

[swwikmi1] 23/4/2010 08:37

by eliminating debt IMO legion is now clearly focused - this suggests holders will benifit in the coming year to compensate holders for the severe dilution suffered in the last 4 years - consolidation should greatly enhance shareholder value and hopefully the undervalued sharre price.

[stegrego] 20/4/2010 18:48

20-Apr-10 Legion Group LGNG Seymour Pierce Buy 2.00p 3.60p - Reiteration

[dunluce] 20/4/2010 17:54

hamidahamida,

Yet again I have to ask your source ..... merely stating things on a BB without any evidence and claiming the results back you up seems somewhat spurious. Of course I'm always happy to be proved wrong.

[only1buster] 20/4/2010 16:48

cash it tight in most enterprizes at present - at least many of lgng,s clients are local gov which means slow payouts but secure payment

[hamidahamida] 20/4/2010 14:58

Nice to see they have disclosed
some info after my post which every one thought was a deramp

1)They had some difficult legacy issues which they have covered up in is
Non recurring integration costs GBP2.1m .

2)They have also admitted to losing £500k in bad debts


3) Still they are not paying sub contracters on time which suggests cash is tight

[stegrego] 19/4/2010 17:56

Trying to get a handle on the update.

What will the exceptionals be? Is that the 2.1m intergration?

So is that 1.0 million pre tax?

What sort of eps would that give, basic and adjusted?

3.1million would give adjusted eps of about 0.45p?

Thats seems incredibly cheap unless im missing something.

[mike_f] 19/4/2010 17:09

Great update today, shame such a poor day for the market in general, same happened last year when results were released, poor day for the market as a whole! Can see good progression here over the weeks/months ahead, hoping for a small dip in price to top up as can't see these prices for much longer. GLA

[dunluce] 19/4/2010 16:31

A reasonably positive update. Would have expected more reaction to this and a decent rise as investors realise the potential, perhaps this will occur over the next few days / weeks as LGNG has been unnoticed and unloved. Healthy turnover and decent margins - high integration costs but at least these are non- recurring.Still think this is significantly undervalued at the current price -AIMHO of course.

[only1buster] 19/4/2010 13:25

at 60m turnover @ 16% gross profit = 9.6m - a solid performance in troubled financial times - lgng a snip @ 10m cap

[stegrego] 19/4/2010 12:45

Revised RNS out giving more detail


Legion Group plc, the AIM listed security services provider announces a trading update for the twelve months ended 31 March 2010 as follows:



Sales in excess of £60m (2009: £29m)

Gross profit margin 16 per cent (2009: 14 per cent)

Operating profit (pre-exceptional costs) £3.1m (2009: loss £0.7m)

Non recurring integration costs £2.1m (2009: £0.4m)



The Group has completed its integration of the two acquired businesses, Craft Services Group Limited (16 April 2009) and Legion FM Limited (20 March 2009) and is now well positioned to focus on growing the brand and continuing to consolidate the security sector. The Group has not been entirely immune to the economic downturn and bad debts in the year totalled £0.5m made up of both historic write offs and debts from the acquired business units which suppressed operating profits to £3.1m.



Legion Group has taken the strategic decision to not significantly reduce margin as many in the sector have chosen to do. The Board believes that the optimal strategy is for the Group to protect margin and continue to develop the brand through delivering a premium quality service as once operating margins have been eroded they are very difficult to regain.



Going forward the Group has a strong order book with many 3, 5 and 7 year contracts and continues to support public sector, critical national infrastructure and blue chip clients. The Group is now well placed to continue to enhance the brand and is in discussions and is developing its plans to move into other areas of support services under the Legion Group name.

[only1buster] 19/4/2010 10:09

trading update at last - progressing dispite the economic downturn - jam tomorrow situation with good decisions re margins

[only1buster] 19/4/2010 10:09

trading update at last - progressing dispite the economic downturn - jam tomorrow situation with good decisions re margins

[stegrego] 16/4/2010 20:41

Why would they announce a results date when they arent due till September?

Rumour of cash shortages from hamida or elsewhere?

No progress in share price because of no news and awaiting results perhaps?

Or a trading update.

Director came with the CEO, old partner - perhaps they had a fall out?

Turnover is no good unless you make a profit and thats why mkt cap is so low, until proven otherwise.

[only1buster] 16/4/2010 20:25

no recent upbeat messages, director departs suddenly, no date for year end results, rumours of cash shortages, no progress in the share price, a company whose turnover might be 60-70 million with a market cap of around 10m - smells a bit fishy - answers from the company required URGENTLY

[dunluce] 16/4/2010 15:52

hamidahamida,

Care to mention your source or is this 'friend of a friend' type information.

[hamidahamida] 16/4/2010 14:43

few problems guys they need more cash

few of legions customers gone under

legions hmrc tax bill is more than
what they told them when sgd bought legion

cash is so tight now that legion are not paying
sub contractors on time

.................................

[only1buster] 15/4/2010 14:26

CEO and MD both formaly ex Manguard -clarification of present board sitution required - tight spread for 100K 1.77 sell 1.95 buy and year end results due in the next few weeks should see some serious activity soon

[bench2] 15/4/2010 10:43

Very unusual for a co this size to have both a CEO and MD , I assume the MD was part of the old guard and the CEO came in with Legion , but a statement from the co would be helpful .

[andrbea] 13/4/2010 15:25

yes, I'm waiting too.. :-)

[only1buster] 12/4/2010 08:59

still no reply from investor relations re date of year end results - the silence is deafening -

[swwikmi1] 06/4/2010 20:07

with amarket cap of 11.3 million and a turnover projected 65 -70 million the

shares @ 1.75p seem a snip PROVIDING a pre tax profit of 10 million is made -

I for one await the results with more than a passing interest -