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LOG Logica

104.90
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Logica LSE:LOG London Ordinary Share GB0005227086 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 104.90 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 104.90 GBX

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Logica (LOG) Discussions and Chat

Logica Forums and Chat

Date Time Title Posts
12/1/201613:58Logged Posts And Threats.72
31/12/201213:52Logica..Worst managed IT company EVER.261
03/2/201210:39LOGICA - whereto from 176p today?360
03/2/201210:38LOGICA will double SOON707
30/8/201123:54Logica unleashed2,815

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Logica (LOG) Top Chat Posts

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Posted at 20/8/2012 08:45 by a0502162
EXLOG......Took you a while come back with that! Considering it was a "dead cert" LOG wasn't going to get a higher bid.

What I can't understand is why take a hit on LOG shares when you could have just done the hedging bit and kept more of your money?

As I said before...........Barking Mad!!
Posted at 06/6/2012 22:21 by jacko07
AOOH50200h...Loglad is playing his hunch. at 1.6p per share over the offer price, I can't see why you say barking mad!!

If he bought 10k is it a risky play to lose a couple of hundred quid worst ways, stamp and dealing included. I have forgotten about Logica, but good luck to Loglad if his info is near the mark, if he didn't play and his colleague proves correct, he will be truly annoyed.

If they hit 110p like they did Friday, he is on profits. Have you never backed a hunch after a piece of info, only he knows the strength of that info.

Maybe not so mad as you might think and is a common play in takeovers, you should know that if you study M&A.
Posted at 03/6/2012 13:03 by exlogicalad
Rob..whatever flak you get from some on this site, you have been right about Andrew Green.

I would wager that 99% of Logica employees would agree with you. I was out last night with some friends, three who still work for Logica and although they hope to keep their jobs, none rate Andrew Green as anything more than a dithering chancer who has feathered his own and his cronies nests while treating the workforce and the long suffering shareholders with contempt.

It appears that Andrew Green's leaving package is mega, with bonuses and all the extras he is getting £7m plus. The bid price is well below the share price on the day Green was employed, so it is high reward for being a total failure. The major shareholder who can stop him getting rewarded, should damn well do it.

If Andrew Green had never become CEO of Logica, a very bad decision by those who we now know, rue the day they ever set eyes on Green. If only they had kept the company being run by Jim McKenna we may now be looking at Logica as a success rather than a shambles and bombed out wreck.

Jim McKenna is a man who has more knowledge, acumen and ability than the lightweight Andrew Green will ever have, he was streets ahead of Green in every way. What could have been, if only they had taken some notice of the Logica employees in 2008.
Posted at 31/5/2012 16:14 by exlogicalad
I posted a few weeks ago there were strange happenings at Logica and today we see a very low bid for the company. Staff at Logica are very fearful for their jobs. It is true what ROBWT has posted, Green is loathed and looked upon as a ridiculous excuse for a CEO.

It seems true that shorters have knocked 40% off the share price in seven weeks, so it really does look like insider trading.

Many analysts and experts are saying it is too cheap and there could be counter offers. Whatever, it has all been agreed by Green and his board, so doubtless they will be still employed much to the disgust of the real workers.

Nevertheless, Morland says that the bid "does seem somewhat opportunistic" seeing as though Logica was trading over 100p as recently as March.
Posted at 31/5/2012 14:23 by skinny
This is from December 2000 (as CMG before the LOG takeover) after their earlier peak in the mid £20s - some things don't change.


STOCKWATCH: CMG leads fallers after 'cautious' analyst briefings14/12/2000 12:09:24

LONDON (AFX) - Shares in CMG PLC were leading the top-line fallers following
cautious briefings from the company to analysts which gave general guidance on
the company's full-year results due February. At 12.00 pm, shares were down 107 pence at 888. "It was a cautious statement. People always look for CMG to be materially
above expectations, and I just don't think we'll get that," Lehman Brothers'
Glyn Lloyd commented. He expects full-year pretax numbers to come within the market consensus of
110-123 mln stg, but does not expect to see any massive upside or massive
downside. "I'm not sure where the median is, so while they're coming within the range
it's still uncertain whether that will be slightly above or slightly below,"
Lloyd added. Other analysts also commented that the company's decision to defer its
results to the end of February was causing concern. Some speculated that the
company may want to see as much as it can of the first quarter before providing
an outlook statement. Today's falls mean CMG shares are trading at a price earnings growth ratio
of around 1.4. "Given that multiple and growth, it does factor in everything they are going
to do, so it's probably is trading at around the right level," Lloyd said. "Even if shares do recover from here, I'd expect them to come right back to
these levels come February, when forecasts will probably come down." CMG's guidance for its telecoms division suggested it will be on a sub-25
pct margin, meaning margins have deteriorated for the last three halves. Lloyd added that, although no specific guidance was give, he suspects
top-line growth "will be double rather than triple digit". "Benelux is coming through, but attrition is slightly raised from 13 to 15
pct -- still above the industry, but a tighter labour market means that has to
be watched," he continued. Admiral, CMG's 1.4 bln stg acquisition completed in April, continues to
perform below expectations with a 30 pct attrition rate, analysts said, while
the French division will produce a loss rather than break-even expected, and
Germany will be slightly below estimates. Both analysts attending the briefings -- Lehman Brothers and Merrill Lynch
-- kept recommendations and forecasts unchanged, with Lehman's stance staying at
'outperform' and Merrill recommending a 'buy'. However, Lloyd said he was recommending investors switch to Logica, which
has outperformed the sector on both an annual and three-month basis. He also retained a negative outlook on the short-term prospects of the
sector. "We're going into a number of results in the first quarter which are not
going to be fantastic because of a downturn in the sector overall," he said. "Besides Logica we'd not be aggressively recommending very much, to be
honest."
Posted at 08/5/2012 12:13 by robwt
Don't you mean FURTHER down the tubes, since Green took over the share price has been doomed. I gave Green a fair chance and lost my shirt. He was useless at BT, he has been worse at Logica. Who employed this disaster prone plonker.

I am afraid Andrew Green is possibly one of the worst CEOs of all time, I can only hope his CEO days are nearing a conclusion.

Logica is a disaster, run by clowns.
Posted at 16/10/2011 12:00 by robwt
Sadly I have to agree, on the bear side ok for shorters and day traders, on the bull side, there are slim chances there could be a bid.

On the appointment of Andrew Green as new CEO, we were led to believe he was going to be the saviour. It shouldn't have been that difficult, Logica only had to keep slim competitive and focus on the core of their business to organically grow. In the last 40 months Logica should have achieved 220p and in this shaky market fallen to about 175p. Instead the share price stands at a miserable 89p which is up from the 72p it hit last month.

I was fairly bullish all through global worries from 2008 till mid 2011 generously giving Andrew Green the benefit of huge doubts after it was reported that Green was a major part responsible for the huge losses suffered by BT Global on his watch. He has now basically done much the same damage at Logica. It is appalling when one thinks of the millions of pounds this buffon has been paid in fat cat salary and bonuses.

Green has proved a disaster, instead of culling the previous board he made little if any changes. He should have replaced 70% of the board with new blood and then concentrated on slimming or closing down the bad parts of Logica's fragmented business model. Instead Green did nothing, hence the already profitable parts that were doing well are now propping up the lossmaking parts. Elementary, you may think, anyone with a bit of acumen could of have sorted it out. Well, it was above Andrew Green's capabilities.

The IT sector know Green's appalling leadership has decimated the company, but Logica still has some good people who have worked well in the profitable parts of the company. Keeping this in mind Logica look reasonably cheap. The share price is a fraction of what it was on Green's appointment and at these bombed out prices Logica could be a target.

Jacko07..you pays your money and takes your choice... if you want to sleep at night, Logica is not the best place to have your money. Any company is only as good as people running it, so while Andrew Green is still in charge the company is very vunerable and is in unchartered territory.
Posted at 10/10/2011 12:02 by robwt
Logica has been a disasterous investment for fund managers and private investors alike, Andrew Green has an appalling reputation as a total failure, the 'Eddie the Eagle' of the IT world. IBM, Cap Gemini, Infosys have better people working in their canteens.

However, because the company has been recklessly driven into the ground by Andrew Green and an inept self serving board of no hopers, the share price has dropped so far and so fast that the company is valued at just over £1 billion and has dropped out of the FTSE 150 after many years. Shockingly the share price is almost 50% lower than in May of this year and today it received another downgrade by Barclays Capital.

Andrew Green has put Logica and thousands of it's employees in grave danger of losing their jobs, what a disaster this useless bloke is.

In my opinion there could be a bid for Logica while the company share price lanquishes at all time lows. This company could be bought and broken up because the sum of the parts could easily outweigh what it could be bought for.

It is sad, because it would result in many of the 39000 employees losing their jobs. Of course the good thing would be that Green and his board would lose their fat cat jobs, but that is the result of their own incompetence.
Posted at 08/8/2011 20:27 by robwt
babybear, they didn't plan the interims at the same time as this meltdown although the hapless Mr Bean couldn't have made a more naff live net report. He seemed nervous, flustered and incapable of answering the press with conviction.

I wouldn't mind betting the bad news was leaked as the share price fell 20% on the run up to the interims and then another 25% on the report. I posted when Green Bean took over that he really needed to cull all the old deadwood who had previously run Logica into the ground, it didn't happen.

Unfortunately, events have proved Green is a very weak leader and shouldn't be in a top position anywhere, how the hell did he land the job in the first place...he resembles a dithering lost vicar at a village garden party.

Green isn't up to it, a disaster. He wasn't much good at BT and since his departure BT have recovered from his hapless tenure and moved ahead leaving Logica in their wake. BT and Logica share prices were on par with each other in 08. Now after over three years at the helm Andy Green should have had Logica back in the FTSE 100. Logica now has a low Mkt Cap of £1.3b and if you reckon 60p is on the cards could go below the £1 billion..that's what is called a dire performance. Just think Paul McCartney is worth as much as this dog.

Sadly for all us shareholders, Mr Bean has achieved nothing, as I said last week, after these dire results he should resign. With the share price this weak, maybe one of the bigger players might see it as take over. Buy it, fire the lot of them and put someone proper in charge, however I wouldn't bet on it.
Posted at 25/10/2010 17:58 by ib1905
S-Edge, thank you for that support.
In my view this company has been devalued because of miconceptions about its business, or at least a 'market valuation over-emphasis' on that factor.

The LOG share price has risen 25% in the last 3 months against a FTSE250 rise of just 8.4%. Why might that be? It fell too much over the election period and in my view is about 15% off where it should be now based on the information we have from the company - and I happen to think that will be recovered between now and 15 November or so..

Lastly, as a bolster to my argument I think that public sector leaders (and I worked for 30+ years with many) will realise they cannot compromise (too much) on their software capital and revenue expenditure during this time because their risk assessments and business continuity plans will highlight the danger of that approach. There will be an end to this and, sadly, the quickest and easiest way to achieve short/medium term public sector savings is almost always staff costs, which account for such a high proportion of budgets and can be done quickly without damage to the infrastructure.
All this in my view of course - but it's my money too!! Good luck.
Logica share price data is direct from the London Stock Exchange

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