Lincat Group Share Discussion Threads

[rivaldo] 30/7/2005 15:00

Now don't get picky with me wcb :o)) You know I'm talking about the short-term breakout....though an Empire State topper isn't far off if results in September are as good as flagged.

And there may be further news on the Watford redevelopment too.

[westcountryboy] 28/7/2005 18:17

Hi rivaldo

Is that Empire State building thingy a mirage then? :-)

But I agree it is looking very positive.

[rivaldo] 28/7/2005 15:00

Yep :o)) Looks like we have a chart breakout anyway....

[saint or sinner?] 28/7/2005 11:09

Moves sharply both ways on low volume. Would be nice to see what happened if this became a popular stock.

Will also be nice if we get another vertical rise before results as happened last time.

0 ;-D

Saint

[rivaldo] 28/7/2005 11:05

Moving on up - must be a delayed buy in the system?

[rivaldo] 22/7/2005 13:22

Ta. Looks like a small amount of buying can affect this stock quite nicely! Free float is only around 38%, so hardly surprising.

It looks like now is the right time to get in too, with final results not far away and the strong possibility of forecast-beating results. Not to mention:

- a hefty divi yield
- realisation in the market of the potential property gains
- a possible re-rating to the high teens to match Aga, as opposed to the current P/E of just over 10 (which is now historic).

Hopefully there will now be a nice run-up to the results.

[wjccghcc] 22/7/2005 09:44

Welcome aboard rivaldo.

[rivaldo] 22/7/2005 09:36

Thx to DOQ, WJ etc for your posts. I've joined you with an ISA's worth of stock at 514p. The fundamentals look good and the potential uplift on NAV will make a big difference to perception.

EVO have an Add note dated 11th February on their web site with a target price of 550p, but this was obviously prior to the property news yesterday which makes a big difference.

I'll post some more later.

[wjccghcc] 22/7/2005 07:23

Well they describe it as zoned for medium density residential housing so does 2-4 houses per acre sound about right? Assume 1mm a pop, with the land price worth a third of the houseprice gives a value of 7-14mm for the land and a gain of 5-12mm on book value. Knock off the 1.6mm moving expenses and you get an uplift of 10-30% of the mkt cap. Very back of the envelope but just adds to the upside here.

[doubleorquits] 21/7/2005 18:45

Can't give you an exact price but the place is near where I work - in Croxley Green near Watford. The residential places there are said to be some of the most expensive in the country - see property in Loudwater, Moor Park, Sarratt, Croxley Green and certain areas of Rickmansworth. Moving to Wrexham will release a nice cash premium once the expenses of the move have been taken on board IMO. Take a look at Rightmove.

There is a place available at the moment on Rightmove in Chandler's Cross with 3 bedrooms and 4 acres of land (without agreed planning permission) on the market for £885,000. I would expect a builder to take that property and develop a small estate of exclusive houses at over £1m each. There is a similar estate already developed with properties of 5 beds selling for £1.5m each.

So it is all subject to planning permission and restrictions on development - so residential land with planning permission is worth a lot to a builder if he can build around 10-15 houses on it retailing up to £2m each.

[wjccghcc] 21/7/2005 13:38

So anyone know how much 10 acres of residential land is worth near Watford?

[rafieh] 18/4/2005 20:13

Encouraging to see that the price is holding despite the terrible day in the market.

[wjccghcc] 23/3/2005 23:49

Too illiquid for charting. Someone sells or buys 1000 share and the price moves by 10p. Buy on dips and hold is best.

[rafieh] 10/3/2005 20:39

Saint,
The article looks at both technical and fundamentals( as they do with all their
recommendations). Technically, it points out : "This is a spectacular chart breakout pointing to a huge rise ahead. After trading sideways for more than a decade the share price has exploded higher. Any pull back is likely to be short lived. Eventually the shares could treble, quadruple or even quintuple from here."

In part of its assessment of the company it says:

" ...A hint of the potential for rerating comes from the valuation of larger kitchen equipment rival,Aga Foodservice, which is valued on a PE ratio in the mid to high teens against around 11 times prospectively for Lincat.

A boost for the group could come if pubs and hotels start spending more on
their kitchens. This is very possible given the better times being enjoyed
by these sectors and the consolidation that has been taking place in the pub business. Strong cash generation by these businesses could easily lead to stepped up investment, specially given continuing pressure from health and safety regulations. New smart equipment, like programmable combination ovens is also enabling kitchens to operate with fewer and less highly qualified staff cutting costs.

New products have been a key driver in the latest good performance by Lincat.
Each of the group's main divisions, Lincat, IMC and more recently acquired Britannia, have benefited from new product launches making management confident of further growth ahead.

The group also reports a first time ever first half profit from the Mercury domestic range cooker business after 40% year on year sales growth."

[chester] 10/3/2005 10:22

continuing today

[saint or sinner?] 09/3/2005 22:14

Excellent news - if you suffer from a bout of insomnia at any point, can you type in and add the article here?

0 ;-D

Saint

[rafieh] 09/3/2005 21:15

The latest issue of Chart Breakout has recommended this as a BUY, saying that the share price eventually could treble, quadraple or even quintuple from here!
Over the last five years I can't remember them saying such a thing about any other shares.

[chester] 09/3/2005 15:28

New Highs Now.

[wipo1] 09/3/2005 15:26

Nice to see LCT doing ok in a flat market, also XD today. We should see a nice slow rise up to at least £6 medium term.

[shooting star] 02/3/2005 09:53

Nice sleepy little share to build a stake in over time.

[chester] 01/3/2005 15:52

Breakout time.

[chester] 01/3/2005 10:37

Just picked a few up at 535p

[napoleon 14th] 19/2/2005 11:11

Giving these a serious looking-over 'cos they deserve it; they would fit in a part of a porfolio where I hold : SFR, CRM, CWK etc.....

A quick look at the chart made me pause, as the indicators are heading in the same way as in July, which saw a 10% price correction. In view of the recent re-rating, this would seem to be on the cards again, as a chart pattern, without prejudicing the long term direction...............