Lo-Q Share Discussion Threads

[spud] 21/2/2013 15:12

Here here David!

BTW, was the question re moving from AIM tabled?

spud

[itchycrack] 21/2/2013 15:11

The Directors were probably asked or coerced into selling some stock to satisfy investor demand, as lets face it, the total number of shares in issue is tiny.

[davidosh] 21/2/2013 15:05

Incidentally I asked my broker to see if the demand has been satisfied with those sales and he says not at all ! He has found out that there is demand from at least six large buyers and so if any of you do want to sell then do not give them away cheaply. The instos will remain as buyers long after small sellers have gone!

On a final note and a very positive one. Very few picked up on the strong dollar that TB explained was very beneficial to the company. The company has 90% of its earnings in dollars so try working out the benefits of that super plus for the company rather than worry about something that is never going to remotely affect our on the ground performance.

I have met all the directors. We are in great hands and nobody should begrudge what has happened here as the six buyers are certainly not going to be thinking like you. The directors still have huge stakes and option committments and anyone listening to TB on Monday knows that he has LOQ tattooed on both arms and that he gave up a top position within a FTSE100 company to do exactly what he is doing to make a BIG difference in a small company rather than the other way round.

The markets are jittery today but do not take it out on the team at LOQ. They are all doing a fab job for shareholders and that will include knowing the right time to hedge or partially hedge the dollar no doubt! If the weather is kind then we are in for a great year ahead.

[igbertsponk] 21/2/2013 15:05

Davidosh, ta and noted.
I'd still prefer the CFO had kept some though !

[spud] 21/2/2013 15:01

Any road up, the stock situation is still firmly in our (holders) favour:

Bid 500p (Max = 5000)
Offer 500.9p (Max = 500)

spud

[davidosh] 21/2/2013 14:49

IgbertSponk....The FD is actually based in the US full time and no doubt pays his tax accordingly. I doubt the sale was driven by tax implications. You can always ask him at the Agm next month ? We also have to accept that there are very few periods when directors can actually buy and sell shares due to closed periods and the results were only released last week. If demand is there and they are allowed to sell then they have to make a decision as it might be another six months before they are in the same position.

On the other hand we can buy or sell whenever we want. The guys have done wonderfully well for shareholders so I cannot complain if they take some benefits too. We do not know if the FD has plans to invest in a home in the US whilst property is low or look after family committments as I know he has a big family and costs must be great in the States for older kids in health and education terms !?

[robotface] 21/2/2013 14:49

John Alder's shareholding is the same as before, and is still comparatively low to the other directors.

[robotface] 21/2/2013 14:46

I don't see a problem here, an institution has bought the shares, the company is going from strength to strength

[igbertsponk] 21/2/2013 14:12

I'd assume that even though they are US options he'll be subject to UK income tax on the £200k profit. So 50% tax rate.... waiting until April would have cut this to 45% and saved him £10k.
Annoying, I might take profits here.

[fft] 21/2/2013 14:00

disappointing to see the CFO selling his options like that. Of course, he may have a really good pressing reason, but it does seem to indicate that he thinks the opportunity cost of selling LOQ is less than it would be to raise finance any other way. Of course, we dont know his timeframe for that.

[orange1] 21/2/2013 13:53

David

Don´t get me wrong - I was simply stating facts and not passing any judgment. I am a long term holder (my first tranche is a (mere) 12.5 times bagger, tsk) but I am not intending myself to sell any in the near future.

[davidosh] 21/2/2013 13:48

'It turns out that the shares have now been sourced from Loq directors: 200k from Sim, 80k from Bone and 50k from Alder (after the ezercise of options). Everyone happy.'

Orange1...I have absolutely no problem with that. Firstly LS was the founder and deserves to see the fruits of his labours over the past twenty years or so. AB has been a director for most of LOQs existance too. LS still has 90% of his holding but at least it gives the institutional guys the supply that is needed.

The other institutions that already hold are evidently not keen to sell, and neither was I, so it had to come from somewhere and the slicing I mentioned earlier should also be used by directors too in these situations. That way we are all comfortable going forward.

You will note that LS also sold some a couple of years ago when the shares were 5 times lower to help the initial institutional interest come aboard. He does not come here moaning about having sold out too cheap nor will he complain if the company gets to £10 and he sold at £5.

This is a market and you need buyers and sellers. It is what the company does and how it performs from here that will ultimately dictate what the company is worth...When Tesco started with two shops nobody knew exactly where the story would end ! I do not think any of us know when this story is going to be considered as the final chapter.

[janeann] 21/2/2013 13:43

Davidosh - many thanks indeed. I suppose the caution in me says this it risen a long way and I find it dificult to think it can continue, and I also find it difficult to put a value on it to know whether it has reached fair value or not. (and yes (valuestar) I fully acknowledge they do keep investors well informed.) Your Mello events do sound worthwhile but Beckenham isnt the easisest place to get to from the wilds of North Yorkshire!

Nice to see both JDG and LOQ holding up well today.......

J

[igbertsponk] 21/2/2013 13:30

Shame, not happy with CFO selling the lot. He hardly has an interest (outside of options). Good that the price hasn't come back.

[davidosh] 21/2/2013 13:26

janeann....I do not think that JDG is at the point where it can be considered fully valued. The company makes at least one good acquisition each year and the deals have been incredibly well negotiated and beneficial to shareholders. DC does not buy anything unless very comfortable ie. he turns down probably eight for every one he completes.

This post is worth reading if you have not seen it...



Excellent management and top quality dealmakers....LOQ,JDG,IDOX and I have many more.

nomunnofun....in the case of knowing nothing about JDG. May I suggest they are worth doing a little research into. Their CEO will be at our April Mello event just as Tom Burnet attended our dinner on Monday evening. Always worth attending those events. Just £2000 of shares bought in either LOQ or JDG when they first appeared at the Mello dinner in Beckenham would have paid your dinner bills for a lifetime ! LOQ was just 28p when they first presented.

[orange1] 21/2/2013 13:22

A day or two ago Davidosh revealed that his broker had been approached with the request whether or not any of their clients were looking to sell shares. This is usually done when institutions are looking to buy shares but the MMs do not have sufficient shares to sell.

It turns out that the shares have now been sourced from Loq directors: 200k from Sim, 80k from Bone and 50k from Alder (after the ezercise of options). Everyone happy.

[nomunnofun] 21/2/2013 11:53

valustar - I think you have mixed up my post with janeann - I know nothing about JDG whatsoever!

[igbertsponk] 21/2/2013 09:20

Will be interesting to see if this can hold the 500p level. There will no doubt be some target-reached selling.

[ccraig69] 21/2/2013 09:16

Big trades just reported about 600k worth. Some one is buying and selling

[spud] 21/2/2013 09:15

Big transactions going through now - Interesting..spud

[valustar1] 21/2/2013 08:57

nomummofun: Like you I have a great double at present, LOQ and JDG.

Why do you say JDG is more difficult to get a handle on what they are doing.

They are one of the most transparent companies I own. Regular trading update of the info required to keep track on their progress. Understand them and you know what they are doing.

Both JDG and LOQ are very shareholder friendly.

What we need to do is find some more stocks like them!!!

There are plenty of stocks out there that are difficult to understand, JDG I would suggest are not one

[shanklin] 21/2/2013 08:44

Just happened across this article. Not sure its too relevant to LOQ.

[nomunnofun] 21/2/2013 08:43

Thanks for the input davidosh which I know was well meant. I am sure that I will be back in at some stage - just needed the funds for a relatively short term investment (hopefully) elsewhere.

[janeann] 21/2/2013 07:38

Davidosh re 9884 - very helpful post thanks. I also find it difficult to know when to sell, but do try to run the winners. Mind I also think LOQ has a lot further to go given the potential for expansion, but how do determine when to see stocks like JDG (which you also hold) where it is much more difficult to get a handle on what they are doing? Many thanks in advance

Janeann