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LIKE Likewise Group Plc

15.00
1.00 (7.14%)
Last Updated: 09:36:50
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Likewise Group Plc LSE:LIKE London Ordinary Share GB00BHNWH003 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 7.14% 15.00 14.50 15.50 15.25 14.25 14.25 157,983 09:36:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Floor Layng,oth Floorwk, Nec 139.54M 844k 0.0035 42.86 36.58M
Likewise Group Plc is listed in the Floor Layng,oth Floorwk sector of the London Stock Exchange with ticker LIKE. The last closing price for Likewise was 14p. Over the last year, Likewise shares have traded in a share price range of 13.75p to 24.00p.

Likewise currently has 243,858,480 shares in issue. The market capitalisation of Likewise is £36.58 million. Likewise has a price to earnings ratio (PE ratio) of 42.86.

Likewise Share Discussion Threads

Showing 51 to 73 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
14/11/2023
11:30
Stated in January presentation that payments will come from cash by Tony Brewer. Since then interim dividend has started. Very heavily owned by directors I see no worries at all in financials with LIKE.
william127
10/11/2023
21:10
One more thought on LIKE, if you add the amounts due next year to Valley and Delta, current assets do not cover current liabilities (i.e the current ratio). It is 0.94 and not above 1 as you would expect. This is a credit red flag for obvious reasons.

The share price is depressed for a reason.

velocytongo
10/11/2023
16:35
I agree with the comments about Headlam and these trade counters. Headlam did allude to financial stress amongst competitors at the most recent update and they may have been referring to LIKE

FD left (although still listed as working there on Linkedin) and that was slipped into the interims (and normally there is a separate announcement); the more pressing issue is the £4.2m in cash that is due Jan 2024 and £0.4m due April 2024.

As part of the Valley Wholesale Carpets acquisition

"The Company will also issue the Consideration Shares, being 5.0 million Ordinary Shares, to the Valley Wholesale Carpets Vendors. The Consideration Shares are underpinned by a £5.0 million valuation on the second anniversary (Jan 2024)of Acquisition Completion, such that, should the Consideration Shares be valued at less than £5.0 million on that date, the Company will pay the Valley Wholesale Carpets Vendors the difference in cash."

So, 5,000,000 shares are due to come onto the market in two months' time, and, assuming a share price of 16.4p, LIKE will have to pay out £4.18m in cash. I'm not sure the company envisaged this when it did the deal.

Likewise, excuse the pun, 500,000 shares are due on the market for the Delta acquisition with a v similar arrangement to the Valley deal.

"500,000 new £0.01 shares in Likewise Group Plc valued at £187,500 at the date of acquisition which includes a guaranteed cash payment of the difference between £1 per share and the share price on 1 April 2024. At current prices, the company will have to pay out a further £418k in April 2024."

This is going to make the going concern discussion with auditors interesting given c £28m in loans and leases. The share-related payments, totaling £4.6m between Jan and April, are going to use up the existing cash/liquidity of £4.5m. The company will need a v strong Xmas trading period.

velocytongo
27/10/2023
12:38
Some decent buying at last.
rudder
26/10/2023
07:18
Joint broker. Funding in progress?
aim0raider
23/10/2023
19:04
The relevant news elsewhere (house sales and consumer confidence) has been dire
eigthwonder
23/10/2023
17:36
Looks like a big holder has thrown the towl I and is existing at any cost. Big dumping going on.
my retirement fund
05/9/2023
09:07
Yea but so have Headlam!
my retirement fund
05/9/2023
08:01
HEADLAM RESULTS TODAY.Hope we are taking some of this. "We have continued to make investments across the business to support future growth, which positions the Group favourably as volumes recover. The Group's UK volumes are now around 20% lower (on a rolling 12-month basis) than in 2019,"
william127
28/7/2023
11:51
Hi TigerMessage sent
william127
27/7/2023
11:12
Directors buying today
william127
27/7/2023
10:44
Could this be a Thomas cook jet 2ScenarioLike taking business from headlam ?
s34icknote
27/7/2023
08:49
Headlam today are blaming everything on their news release. All Headlam posters are convinced its a blip. Time will tell but I am firmly staying in this camp.
william127
14/6/2023
11:53
william
not had any message

castleford tiger
30/5/2023
13:46
William, as someone who is interested in Headlam (not holding atm)
thanks for your above posts, something to think about.
LIKE a bit small for me at this stage but best of luck to holders.

essentialinvestor
30/5/2023
13:40
Please call. If you didn't get my message with details let me know here.Thanks
william127
30/5/2023
11:07
thanks William.

I hear what you are saying but LIKE are not making a profit yet.

can we chat direct on whats app especially if you are a MFX holder

cheers Tiger

castleford tiger
30/5/2023
07:44
Trading update positive. 17.7% increase in revenue and Glasgow distribution centre opens today.
william127
28/5/2023
21:11
Hi TigerI don't think you will find Headlam taking out Likewise. Headlam have been selling more and more to fitters allowing cutting on site at Headlam Units. Also selling to trades which are not flooring related through the much publicised trade counters. This has obvious short term gain but they are generating HUGE discontent amongst the independent retailers who make up most of the business. This a gift to Brewer. Like are finaly resolving stock issues that could have been better. Distribution is near completion for this phase. If you do make the MFG agm it would be good to meet.
william127
13/5/2023
22:27
Next Monday and Tuesday should be interesting with Midas recommendation in this weekend's Mail on Sunday followed by the Results on Tuesday.
1watty
15/4/2023
09:18
Agreed. Like could be interesting.
my retirement fund
14/4/2023
12:44
Headlam is the sector gold standard.
essentialinvestor
14/4/2023
12:37
Back in after recent positive update
my retirement fund
Chat Pages: 5  4  3  2  1

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