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LGNG Legion Group

0.775
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Legion Group LSE:LGNG London Ordinary Share GB0031427940 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.775 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.775 GBX

Legion Group (LGNG) Latest News

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Date Time Title Posts
21/9/201212:20Legion Group plc.207
21/9/201212:13Legion Group Plc. - with charts and news429
08/3/201011:51Legion Group-
24/11/200909:32Legion Group Plc. - with charts and news-

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Legion Group (LGNG) Most Recent Trades

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Legion Group (LGNG) Top Chat Posts

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Posted at 12/7/2010 11:10 by mike_f
Last placement price was over 3times current sp! The share price is very low and possibly for a reason? But with the information known the fall is way overdone and will see a correction...

'Legion Group Plc (AIM: LGNG), the AIM listed security specialist, is pleased to announce the placing of 53,191,489 new ordinary shares at 1.88p'
Posted at 12/7/2010 11:06 by mudbath
LGNG looked doomed to me even when the share price was at 2 pence.
Margins,debt levels and most importantly insufficient cash flow to meet current liabilities suggest that the end is approaching.Remember that one of the directors is owed £1.5 million-due in Sept 2010 and he is not going to want to convert into shares @ 1pence.
SELL whilst you can remains my opinion.
Posted at 31/5/2010 10:22 by only1buster
Grand crearance sale. security company, one of top ten by turnover in uk, 60 million turnover, 16% gross profit, offers over 6 million, quick decision on any sensible offfers. IMO a company with a strong balance sheet, cash reserves and disiplined management could aquire a real bargain buy here. The shareholders have had nothing to show (losses in the divi, substancial share price and dilution excepted) in the past 5 years - the prospct of jam tomorrow has been dangled before us and not delivered - time for another change in direction.
Posted at 24/5/2010 08:38 by dunluce
Nice to see an early rise here. Hopefully with the issue of the loan notes ( and the companys confidence in early repayment) we can - (the market can) stop worrying about short term cash flow and look at the longer term picture. The fall in share price seems to have been well overdone - but hardly surprising considering the fragile state of the markets last week and the uncertainty over the situation at LGNG. Perhaps I'm clutching at straws but the markdowns were on meagre volume. Certainly the lack of communication from the company does not do it any favours.
Posted at 20/5/2010 21:15 by only1buster
60m turnover,16% profit, 5 million market cap, 70% fall in share price in 3 weeks. - if ever a company owed an explanation to shareholders legion does - RNS NOW! The shares should be suspended until an explanation is published.
Posted at 14/5/2010 10:23 by dunluce
Very disappointing share price - have however taken a small top up. Bought in at 1.03 pence ( although not yet showing ). My rationale here is that LGNG has been marked down on low volume and a lack of clarity. The company are extremely poor at communicating with shareholders and this in itself has contibuted to the recent share price action. The communication around the Loan notes I will take at face value for the moment - with expectation of paying these back in the short term. Always open to other points of view and information - not a stock for widows and orphans.
Posted at 11/5/2010 12:56 by only1buster
unfortunately legion do not often communicate with shareholders - they only seem to continue to dilute shareholders funds and give nothing in return. this company has expanded by issueing more and more shares, taking on more debt and liminating the dividend payments. In a five year period the issued equity has more than doubled, the share price has retreated from 4.5p to 1.5p,and no divi is being paid due to the debt. The takeovers completed in the last few years have IMO in no way so far "resulted in benefits to all our stakeholders, be they shareholders ETC" (REF chairmans statement interim report 2009 -page 3)It is time shareholders receive some crumbs from the table.
Posted at 10/5/2010 17:49 by mike_f
My take on things:

Legion Group (formally SectorGuard) have made significant changes over the past year starting with the integration of Legion Group.

On the 30th March General Sir Mike Jackson was appointed as Non Executive Director and with his experience and knowledge can see fantastic benefits to his appointment.

The RNS released on the 6th October was of particular interest to me when the company announced that new contract wins with an order book value of £17.25 million had been confirmed in the four month period with clients such as DTZ, Premier Foods, Wellcome Trust and Lloyds Register. The combined order book value of the business was in excess of £155 million!

The interim results on the 27th November were very good but were dampened by a placing at 1.88p in which Stephen Thomas, non-executive Chairman, subscribed for 5,319,148 shares. Also on the 21st December Stephen Thomas bought another 350,000 shares on the open market which showed great confidence IMHO.

Now the share price is below both the placing price and the recent director purchase price I see this as a very good level to be buying at...

The most recent RNS that the company has sold its CCTV contracts to concentrate on further growing its core activity of providing security personnel enables them to pay off the outstanding balance relating to the £4 million, five year term loan originally taken out in March 2008 to facilitate the acquisition of Manguard plc.

Now the company is in a very strong position with an annual turnover of around £60M currently which the company is looking to expand on I can only see good upside here (especially from current levels). Funding doesn't look an issue anymore as the company is cash generative so further placing should not be necessary therefore I can only see great appreciation from current levels over the coming months/years.

All IMHO & DYOR. GLA
Posted at 15/2/2010 13:50 by only1buster
it is now 3 months since the last update of progress. Dispite the very low share price there has been no futher director buying, the last being at 1.88p. The last RNS was very upbeat, I wonder if the company sharegraph is causing the directors any concern given the market cap of less than 9 million. Shareholders should not be left in the dark having consistantly seen their holding diluted and the share price dropping over the last 4 years. Add to that the loss of dividend, you hace a company with many questions to answer. Communicate with your shareholders.
Posted at 26/11/2009 08:43 by quinan
Morning all I have been trying to do some numbers sorry if it's a little crude, any way here they are.

So far LGNG have over £155mln worth of contracts spread over 2 years so around £77mln per year turnover.

If we said a Gross Profit of around £10mln

Exceptional costs of £404,738 recoverable

£3m of savings per annum, now is this a saving of £3mln on the current turnover of £28mln?? Or do they anticipate £3mln savings on the turnover of £70+mln

So if we said they could see a Net Profit of around £3.5mln on the turnover of £70+mln on a PE of say 10 which is not unreasonable would value LGNG at around £35mln or a share price of around 4.5p then take the assets into account Total assets £26mln
a share price of around 7p

If anyone wants to pick holes in this please do
Legion Group share price data is direct from the London Stock Exchange

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