Litho Supplies Share Discussion Threads

[knowing] 15/12/2009 12:55

Mmmm no trades showing.

[knowing] 14/12/2009 23:10

Nice reversal with buys outweighing sellers. A few more tomorrow will see the gains increase.

[knowing] 09/12/2009 11:17

welcome...just need a little buying now.

[cockneyrebel] 08/12/2009 21:56

Cheers Knowing.

CR

[knowing] 08/12/2009 21:45

Promotion following the Mitsubishi tie up.

[knowing] 08/12/2009 16:11

Bid 59p on PLUS now wouldn't that be nice to revisit ;-)

[sleepy] 07/12/2009 18:55

Substantial Shareholdings
The directors have been notified that at 29 April 2009, the following
shareholders were interested in significant shareholdings of the ordinary shares in the company:-
Funds managed by Discretionary Unit Fund Managers Limited:
Rights and Issues Investment Trust Plc 3,860,000 17.39%
Discretionary Unit Fund 1,700,000 7.66%
Total 5,560,000 25.05%
No other person has notified an interest in the ordinary shares of the company
required to be disclosed to the company in accordance with Sections 198 to 208
of the Companies Act 1985

Mr M J Hammond - chief executive 804,448

[knowing] 07/12/2009 17:30

Ahh simpathy is here with his vile dribble again. A poster which own no stock and decides to create trouble. His real alias is Hate Trader.

Anyway back to LTS. Mr E did you ever find out what PLUS market is?

Greengiant thanks for your post. Yes there is potential to exploit and all the negatives which keep coming back are hopefully in the past. What will be interesting is to see how the Mitsubishi deal has been integrated and the benefit of the cost cutting measures which are in place.

[mryesyes] 07/12/2009 17:26

There was a 20,000 buy at the open 5.49 (£1100)
Worst case it was CR
Still a deal a day will keep delisting away.....
Agreed on the cost cutting.
Instead of running a final salary pension scheme for their obesce localised lorry drivers that could not sell food in Zimbabwe, they should bring Accenture in......
Most often I see one vof their 56 plate fleet (bought B4 the acquisitions) fat daddy is using it for private purposes.....

[greengiant] 07/12/2009 16:40

Knowing, I know this industry well, I have completed a number of transactions within this industry and I can say that no VC worth his salt would look at an MBO in this industry. Decreasing margins over the past 3 - 5 years, price erosion on the major product lines and a tarck record over the past 3 years of mismangement.

If I was running litho supplies, I would hive the business into 3 distinct sections

1) Machine sales
2) Flexo / Litho / Offset focusing on major manufacturers for example, Labels, Board and Film
3) Digital - Focusing primarily on the Repro / Artwork business.

There is still a massive market for the company to attack within 2) above, unfortunately they have not got their pricing nor service offering right. If the company had a better balance sheet they could offer consignment stock to major customers within this area.

I would also look at rationalising the number of sites. The company's aregument that delivery times are enhanced through regional hubs is flawed. For example Business Post will do a next delivery or 3 day delivery at rates far superior to what can be done inhouse. I know this because I undertook a project for a customer of mine who delivered over 25k items countywide every month. The savings are phenomenal.

All in my humble opinion but they need to do something quickly, their renewed banking facilities does not permit adequate levels of headroom. I do wonder whether it would be worth acquiring at 10p - still waiting for an answer on the major shareholders, nothing on website

gg

[knowing] 07/12/2009 15:58

As the IMS stated they are reducing their overheads and with an upturn in the economy hopefully they will achieve the goals set. This then becomes a good recovery play.

[seabass] 07/12/2009 13:37

Iv'e been associated in the design & print trade for 3 decades. In that time mechanics, labour, products & margins have been massively reduced by technology. Therefore printing supplies/demand/profits etc have dried up & it's now all about digital equipment which is a totally different medium. However, if LTS can transform slowly decvelope into this market then their solid customer base will be worth having. Iam watching LTS at the moment, the Mits agreement may be a turning point.

As for capitalisation, £1.2M, but with about £4M debt sems about right, as mkt cap is less than monies owed/or lost in 6 months. A change in profit margins will be LTS's only saviour.

[badhshah] 07/12/2009 12:28

During 1999/2000 there were some rumours that MBO might happen at 145p. At that time the turnover was at similar level as it has been during the following years till last year and we can see there has been litlle change in managment today as well since that time.
I wonder why the management is not interested in MBO at this level of capitalisation! Why be interested at 145p ten years ago and not at, let say, 10p today.

[knowing] 07/12/2009 11:06

Well only getting a quote for 25K today.

[knowing] 07/12/2009 08:13

Well an early rise cannot be sniffed at. Mr E try researching PLUS markets.

[greengiant] 07/12/2009 06:50

jotoha2, who are the holders? I disagree, you will find that the 2nd half was better than the first (as per TS) but it still made a chunky loss

gg

[jotoha2] 06/12/2009 18:15

mryesyes, what makes you think insti would take 10p , I can assure you the largest holders here are totally behind the company , they will not bail out , there plan is to get back to the divi trail, and thats only 18 months away if that .

[mryesyes] 04/12/2009 14:24

Yeh, a breakout by 25% (4p to 5p) on zero volume
There is only 1 MM and they have to yank the price up and down by 25% a time consistently just to get one trade in a week max
The directors will be advised to delist this company to save money,and avoid predatory takeover, and will follow their professional advisors
However in the case of this company I would advise holding into delisting, it will not be done to shaft you and the value of the company is more than 5p, look at its balance sheet.....
What is there to prevent a cash shell offering to buy this company at 10p a share, they would get 90%+ acceptances, directors holdings are small, so they are powerless and 10p would be accepted by the institutional holders and their advisors

[knowing] 04/12/2009 10:57

No but you are cracking me up.

[21simthy] 04/12/2009 10:04

Is it a breakout knowing

lol

[knowing] 04/12/2009 10:00

Nice move higher today.

[mryesyes] 30/11/2009 17:52

not according to the only trade today, a sell of 10k at 4

[knowing] 22/11/2009 23:34

Well there were more buys than sells so think what you want (even if it was low).

As a result of the economic downturn and the subsequent drop in activity we
anticipate that turnover in the second half of the year will be slightly lower
than the first half. However with the reduced level of overhead and with careful
management of bad debts and working capital the Company expects the overall
performance in the second half of the year to be significantly improved.


Good news hidden within the IMS.