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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lon.Scottish Bk | LSB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.08 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.08 | 3.08 |
| Top Posts |
|---|
Posted at 04/1/2010 21:18 by 5professor As LSB is still carrying on,ipso facto the administrator is not intending to wind it up. As such he has no obligation to contact the shreholders. However, out of sheer decency,he should put out some information on the company. |
Posted at 07/1/2009 20:12 by llwyd Thankyou 3professor, that is more info than we have had from this LSB board in months, sure we can find the info somewhere but shareholders should be kept informed. I'm down about 5k on this lot, oh well can't win em all. Hey lucky great niece, such a good idea to encourage a punt! |
Posted at 07/1/2009 19:53 by 3professor City Girl - I normally do not post on any board other than DGO , which I started doing only recently, because of despondency of the share holders there.My grand niece wanted a laptop with blue ray etc. costing about £764 as a Christmas present and I made a pact with her that I will invest about £5000 for her on the stock market and she can use the profit to buy her computer. I offered her a choice of Asian Citrus, which were at 54p, and LSB which had gone up to 6p due to speculation that Barclays were about to take it over. I explained to her that Asian Citrus were undervalued and would rise and LSB were worth about 12 to 15p in property assets but were facing liquidity problem. She chose LSB because it is a bank and said that people will cut down on oranges if they did not have enough money to spend.That made sense. I bought 20,000 shares for her. A week or so later Asian Citrus on the back of good results went up to 120 pence and LSB went down to about 3p. She then chose Dragon oil because I already had substantial holding, at 130p and likewise Legal and general at 70p. She is showing enough profit to buy her computer but has lumbered me with LSB because I had bought them in my own account and not in hers, which incidentally I got opened for her later on. She said I had put the mockers on her purchase of LSB and therefore they were mine and not hers. I believe you will get something for your shares probably in the region of 10 to 15 pence if the property market does not collapse further. At the moment no one is interested because there is a short position on LSB stock , which needs to lapse or be closed. We will know on 16 January 2009 whether the position has lapsed or is still on.After that interested parties will consider bidding for the company.If the short position has lapsed , the shares might be worth 15p otherwise they will be worth 10p or a bit less. There are companies like Cattles who are interested in banking license, which presently is very difficult to get. The license alone is worth quite a bit.I believe the company is still trading although in administration. I hope I have given you some comfort. IMHO DYOR. |
Posted at 07/1/2009 13:43 by city girl 2cami,It's a great pity that no-one is posting here about events at LSB. Employees & Shareholders would all find it useful in the complete absence of any sort of comment or news from the administrators, directors or senior managers. Can you not quietly encourage your colleagues to do so? It's a disgrace that everyone's being kept in the dark but totally in keeping with the way the company has been (badly)run in recent times. I'm not in your unfortunate position whereby my job is under threat but I do hold a sizeable number of shares in LSB which are presumably worthless now, or are they? There's been no contact whatsover with me to explain what is happening or where I stand, all I have seen is the few snippets in the press from early December and nothing since. |
Posted at 02/12/2008 08:51 by cyclingnut according to the FT....no jobs have been lost at LSB and they are trading as usual...so even if a bidder snaps LSB up are we as shareholders screwed....is it really GAME OVER here? |
Posted at 29/10/2008 09:40 by grlz cn/city girl - LSB didn't do itself any favours by stating in the 2008 Half Yearly report that worst case "Unsecured lending" (UCC) could cost an additional £52m - imho that was stupid as management released a guess-timate as a fact and basically trashed the spThe UCC loans and receivables aren't that bad or not as bad as their making out nowhere near the £52m worst case. take a look yourself: UCC Loans & Receivables 31/04/2007 £133,799m 31/10/2007 £84,15m 31/04/2008 £70,632m 31/08/2008 £49,50m Last reporting period they collected £69.3m not exactly a nightmare - £49m now outstanding at say 70% only makes a £15m loss not £52m! *Robinson way is self contained and has £85m facilities *1st and 2nd charges have not suffered significant impairments and from June 2008 LSB has ceased writing business effecting a run off - Receivables worth circa £144m *Pension fund has a surplus of £3.2m *£4.376m of deferred tax assets. If LSB is run-off Regulatory Capital is no longer an issue so can be put to other use or returned. DYOR |
Posted at 28/10/2008 14:23 by grlz starting to push north, current share price is way below the sum of parts on break up:CTT was looking at "unsec lending" as a quick fix for it's banking needs but LSB made it messy by only wanting to entertain a bid for the entire company, if "unsec" is offered clean from the rest of group then it's imho more attractive than taking over LSB, restructuring and taking charges - the good news is any price paid for unsec is pure profit as LSB have taken impairment charges against most of the book value. RW - the debt collecting business should gain a good price from any bidder given it's currently a hot sector and the business has been recently re-financed by a collection of banks to the tune of £85m break-up value £30m less close-outs of say £10m leaves £20m of value imho Mathon, Close or Hilton Ventures will probably end up bidding for the pieces DYOR |
Posted at 25/9/2008 00:39 by jgflynn I see one of the hedge funds has declared a 5.33% short position on LSB. Even with moderate buying LSB is moving up and so the hedge fund might be forced to close some/all of its position and doing so will drive it up further. So ironically this could be positive for LSB. On the other hand its seems to be a strange choice for shorting as it would be relatively illiquid compared to other financials. Do they believe it will go to the wall? I could be reading this all wrong so would be interested in others opinions. Note I have a small holding in LSB so have a vested interest |
Posted at 01/9/2008 17:36 by meanm May I remind you all that in the last statement, the board stated that "the disposal of the Factoring business, if approved by shareholders, wouldincrease the amount of Tier 1 regulatory capital which the Group holds and reduce the regulatory capital SHORTFALL to (approximately) £7m." Clearly the sale of either the Mortgage Lending division or of Morses/LSF (which have been integrated) should see LSB being able to make up that £7 million shortfall and, by so doing, meet their regulatory requirements. However, after saying all of that, the possibility of the sale of the entire business is also strong, as any potential buyer would not want the reduced lending conditions that would be imposed by the banking syndicate if LSB were not to achieve it's regulatory requirement by the 31st of October. Either way, LSB moves forward considerably in the next 2-4 weeks. Watch for the moves ahead. |
Posted at 30/5/2008 00:45 by grlz M4 - Depends what you mean by "obligations under the agreement" - LSB as a "bank" needs to hold what's called Regulatory Capital, the minimum level is determined by the FSA based upon the risks inherent in a LSB's business lines.LSB are currently short some £13m of what's deemed appropriate and have been in consultation with the FSA to remedy this - yesterday's news and past announcements are the process they are following in solving the issue - BUT on the brightside the FSA is not penalising LSB with fines so it appears the management team at LSB are dealing with the issue in an orderly fashion. Mean - good point and one which gives LSB real value going forward long term as I can see company eventually renaming to RW once all the restructuring is complete under a new capital regime - freeing up considerable funds to expand the business DYOR |
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