Litho Supplies Share Discussion Threads

[cockneyrebel] 02/7/2009 19:25

Yep it's illiquid, it isn't for most people and I wouldn't advise anyone to buy many.

Directors have both had a 100K each recently tho so doesn't sound like they are going bust, neither does it from the trading update. I've had 100K - prepared to lose the lot or see them 10 bag.

This is down because of a couple of sells early today, rebounded on a few buys. I've no doubt it will move like this at times, up and down. When it gets more demand down the line more mm's will deal in it and at greater size.

But yeah, in little illiquid stocks if you aren't capable of accepting there's some risk of losing the lot then buying them in the hope of seeing them multi bag isn't for you.

These have been around a since 1967 - been listed for 15 years - been there seen it and done it through several recessions including being formed at the start of the biggest recession in living memory.

CR

[8trade] 02/7/2009 16:02

One market maker stock quoting 5k only.

I'll guess you'll learn the hard way !

[sportbilly1976] 02/7/2009 15:58

well I've taken a few from the seller...

[cockneyrebel] 02/7/2009 14:12

APG did the same, one bagged in a day last week.

When there isn't a seller around you won't be able to buy any imo.

cr

[cockneyrebel] 02/7/2009 14:10

don't think so - just a seller imo

Fell like this in 03 - same selling then.

Directors have beggar all shares, no power to take it private.

CR

[mryesyes] 02/7/2009 03:31

the mm's don't want to hold any stock, you can buy what you like, but mm's preparing to receive delist instructions imho, nav is unquantifiable but above this level, delisting will save them a few quid, commercial property is an albatross

[angel of the north] 01/7/2009 12:30

Agree - took me 2 days to sell a tiny holding.

[8trade] 01/7/2009 12:25

There is only one market maker operating in this stock !

You dont want to go there no matter what the company does !

[pelleeds1980] 01/7/2009 12:21

Is this ISA able?

[cockneyrebel] 01/7/2009 12:20

In for another 30K.

10 bagger over 2 years here? Back to 65p when those cost saving kick in and lower inventories start to pay back.

30p will do me.

Interim results in Aug - they say the benefits will come through in H2 - H2 starts today.

CR

[mryesyes] 19/6/2009 19:53

No reason to think this will go bust
It is serving the digital marketplace, and is the biggest provider in lithographic & related digital products in the UK

Factors creating a fall from an average of 40p+ over almost a decade to current levels:

Made disasterous acquisitions at the end of the boom, one of a amall manufacturer of large printers called Sinahara Press, since buying it I'm not sure if its sold 0,1, or 2 machines. While the firm only cost £1m, it took on its staff and premises. The value of what is bought was below £0
Secondly Andersons which was ill-timed and ill-thought out and whilst there are overlaps with what LTS does, there was no logic to its acquisition and it distracted LTS and caused an identity crisis for LTS
In addition LTS runs a final salary pension scheme which is overly expensive
Then last but not least fall off in demands and margins

So pre-acquisitions it had an overly strong balance sheet and was paying almost 10% dividends and doing share buy backs. Its boring model failed to inspire the bloggers and the share price was absurdly low

Still, while it has lost its way, it is not going under, and has the full support of its bankers. I'm not sure that there ia any net debt.

[whiterussians] 19/6/2009 14:28

could go bust

printing industry in death throes - needs less ink - more people going online

newspapers mags all dying

printers going bust, bad debts

one profit warning and this could go kaput

[mryesyes] 14/6/2009 17:04

at this price the only way is up, however this has always been a poorly supported stock
i think the company itself is unsure of what it is worth
But lets face it theres no end of unissued share capital out there, the price is too low for a rights issue but money isn't really their problem, their problem is who and what are we now? Do we just say OK the aquisitions were a mistake, lets get back on the straight and narrow (supplying lithographers) and salvage any benefit we can from them? May just write off Sinhara press as a cok up and hive Andersens off?

[cockneyrebel] 09/6/2009 13:08

7p ask today, I'm getting tempted to add, someone stop me :-)

CR

[mryesyes] 20/5/2009 01:09

Well if you wanted proof that the ice has broken, LTS and SAF both on the top 30 risers on announcements today
Both stocks have spent 18 months drifting downwards with no buyers or sellers
week after week, minimal news, expectations of pulled dividends
Small director buys only adding to the concern
LTS is an honest and truthful company, and you can take its statements at face value
Here I think they are telling you, "we think we know where we are, and we are finished retrenching and looking to get going now"
I was in this at 49p, out 85% at 33p and felt hurt having invested in a business model ruined by mad acquisitions with awful timing
Volumes: if your broker doesn't like or trust you he will say LTS sells in 3000 share units, but if you are on personal terms you can buy and sell what you like. I have 15,000 left so you can see I had a big holding I sold at 33-34p
You guys can feel safe with this "bombed out" one if thats your fancied term

[cockneyrebel] 19/5/2009 12:21

who's 'us' serious ?

re others bombed out stocks, one I'm holding it TON. Small and illiquid but £2m cash, £10m tangible assets and valued at £2.9m. Another co that's been going for 40 odd years and survived recession after recession. Really difficult to buy volume so I guess difficult to sell volume at times but another one I bet doubles or trebles over a year or too and as a small part of the pension or whatever that's ok in my book.

CR

[cockneyrebel] 19/5/2009 11:08

Yep, I'm still in TPT from 15p though bought some higher before that level. In DEB @ 23p and still holding plus a number of others.

I'm doing the same as yourself, buying bombed out stuff, small amounts in the illiquid ones perhaps like this but high reward potential imo.

I assume you've read this - it's a good read and shows the class of the co to have only made this one loss in its entire history. Also shows there's stabilisation too.



CR

[james111] 19/5/2009 09:40

Sorry CR, got mine at 6.95, will be topping up again probably wont get them at that price next time.

Regards
James

Edit now turned 10 am my purchase not yet showing

[cockneyrebel] 19/5/2009 09:13

Yep, I've just had another 20K - think you screwed me adding @ '7p' James, had to pay 7.45p.

Got rather a lot of these now - they are well beyond the worst now imo - reckon these will be a multi-bagger over 12-18 months.

CR

[james111] 19/5/2009 09:10

hi guys, I have just joined you maybe my purchase pushed the price. Lets hope it keeps going
regards

James