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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lon.Scottish Bk | LSE:LSB | London | Ordinary Share | GB0005316079 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.08 | 0.00 | 00:00:00 |
| 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 | 3.08 | GBX |
London Scottish Bank (LSB) Share Charts1 Year London Scottish Bank Chart |
|
1 Month London Scottish Bank Chart |
Intraday London Scottish Bank Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/9/2010 | 16:41 | London Scottish Bank | 1,933 |
| 16/11/2007 | 14:15 | Prelims | 2 |
| 11/8/2006 | 07:31 | London Scottish Bank( chart break out and takeover target) | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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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 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 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 02/7/2008 10:19 by meanm Looking at a few figures; it appears that LSB has lost a third of its value through sales amounting to only £161K. I have not even looked at the buying that has occured over this period, but remember that Rock Nominess Limited have increased their shareholding within this period.Thus, it definitely suggests that the MM's are really attempting to crash the LSB share price I do think that a more clear mechanism should be in place to dictate share price movement, because what we have at the moment is quite frankly ludicrous; except of course when the share price is moving north. lol |
Posted at 18/6/2008 16:38 by davius My oh my, there seems to be a complete failure to grasp the fact that the rights issue price has little relevance IF they have to raise a significant multiple of the current market cap.What IS relevant is how much the company is worth once recapitalised. So lets chuck my example in with another at a much lower level... I suggested buying 100K shares at 7p, outlay £7K. Then a 7 for 1 rights issue at 4p would mean another £28K invested (700K extra shares), total shares 1142m and if the recapitalised company were worth £70m the shares would be 6.1p and your £35K outlay worth £48.8K. We all clear so far? So the board decide no way will they get it away for 4p, so 1p it is. This means issuing 4000m new shares to raise the £40m, which would be a 28 for 1 rights offer. So I'd now need to buy 2800K new shares at 1p each, totalling, um, £28K. Er, isn't that the same as before? Are we making sense yet? So the company now has 4142m shares, if it were worth £70m then the share price equates to 1.69p per share, and my 2900K shares are therefore worth £49K. Where I completely agree with grlz, they will consolidate, as to issue new shares at 1p each would be ridiculous. But the point of my post is that if they raised £40m (or something similar) via a rights issue, then if the company that emerged was worth more than that sum there is money to be made even at the current share price level, because the cash call on shareholders would be far higher than the current market cap. Holding the shares now will offer the rights to buy new shares at a discount, hence why the share price has not bombed to 1p. Of course, this is all complete speculation as we don't even know if they need to raise anything like £40m which is a figure pulled from the ether by the FT as far as I can fathom. |
Posted at 10/6/2008 09:14 by meanm Cyc,Honestly, what is happening is the MM's, on the back of less than share price fuelling news and some investor dismay, trying to capitalise. I have looked at trade since the 29/5 and here is what I have found: Total shares bought = Approx 3,416,000 Total shares sold = Approx 3,076,000 The buys are outweighing the sells by about 340k, but the share price has dipped from 11p to 8.5p. On the 30th of May, the buys were 1435 million and the sells 214k and yet the share price actually fell. I think that tells you all you need to know. The MM's want this stock and realise the company are steadily moving forward, but the uncertainty about certain areas is being used by them to remove "lightweight" investors. If you have faith in why you invested in LSB then remain, if not, sell. It is the only advice I could give. Before you do, look at the figures I quoted you and research things yourself. Many times the share price does not reflect the facts in terms of buying power and the MM's manipulate investors because of their power. |
Posted at 04/6/2008 20:58 by davius > every share consolidation i have seen has been followed by a drop of between> 25 - 50% even in decent companies where they have no funding issues. I have to disagree with you in this case, PRTY consolidated recently and the share price is now significantly higher. In my view consolidation isn't much of a problem either, the market cap is so small that whether the shares were priced at 10p or £10 each makes little difference. However, what IS most definitely a problem is that new shares cannot be issued at below their nominal value. The LSB shares are '10p ordinary' so under the current structure the minimum rights issue price would be 10p. Unless the share price moves ahead they WILL need to consolidate or restructure the shares in order to decrease the nominal value to below the current share price. I think that the board would be happier with a little more in the way of disposals and closures first with perhaps a modest rise in the market cap to perhaps £20m before attempting a rights issue. This remains a share to hold on to for a month or two in my view. |
Posted at 04/6/2008 16:16 by ihavenoclue grlz .. so you think if they do a 1 for 25 share consolidation which will be 265p at todays finishing price they would then do a right issue at 80p ?? Even BB. who's price has plummeted way below original offer price only lowered it to 18% below the share price on the day ... there is NO WAY LSB would need to offer a rights issue at a 70% discount to the consolidated share price when the rights issue itself will see the company through to becoming Robinson Way .. which on it's own is valued approx 4 times the value of the current market cap.You are just scaremongering ... I never said they day before but they are not going to push ahead with consolidation and then a right issue early July with the share price so low |
Posted at 04/6/2008 11:41 by grlz cyc - overhang risk as institutions possibly adjust their holdings before the rights/placing will hold back the share price - the main drag is we all know a fundraising is coming but at what level and how diluting?? - at this MK pi's could be blown away if the company taps as expected to recapitalise RW going forwards.Interims are due the 30th June imho LSB will consolidate the issue then offer - imho it's the only way forwards at this share price plus it would benefit the company as smaller holders from the old £1 levels would be scrubbed away on the rounding - my guess (and thats all this is) 25 old shares for each new 1 (250p sp) with the rights offered @80p - my thinking is LSB are going to have to deeply discount this if their looking to tap £20m to recapitalise RW going forwards which is my expectation - my math guesstimate is 142m shares consolidated to 5.7m @250p 25m new shares@80p New issue 30.7m shares MK £34m - not great as that would leave todays share price @3.6p post rights all imho |
Posted at 01/6/2008 17:56 by tomandgerry Davius/IhavenoclueI recognise you both from other boards (EEL, CFM, BRM) and I have done well on two out of those three lately. There was a mention on today's EEL BB of the odd timing of the two latest RNSs here so I dropped in to have a look. I know nothing about LSB but I am checking out as much as I can with a view to a quick punt in the morning. All my stocks are long term and I have never day traded or shorted. On the face of it, this seems like an oportumity to catch a quick rise but I am obviously on a very tight timeline. I will DMOR of course but I value both of your opinions and I take it you have held here for a while. Do you expect the news of recent large buys by the two instis to lift the LSB share price in the morning?? TIA, Tom |
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