London Scottish Bank Share Discussion Threads

[dumbarton2] 17/3/2008 16:02

Looks bust.

[optomistic] 17/3/2008 15:58

Nope, but then they are not on their own.....

[sportbilly1976] 17/3/2008 14:37

now under 10p...so I guess there would seem to be no end to the fall yet....

[grlz] 05/3/2008 19:11

Good luck with CTT - i'm keeping an eye on GENC they have secure warehouse lines and lend to value adding businesses

CTT probably could see this coming as the capital requirements would have been there for them to manually calculate during the DD - bet there having a good laugh

LSB have sown the seeds of there own misfortune imho - i don't doubt that RW will continue to be successful but with the bank half liquidating itself the balance sheet is going to get blown to pieces this year - next reporting I expect it to dip into the red as the value writedowns and redundancies become known - the end result will leave LSB as a debt collector/trader which will have some traction but what a mess it's going to be shaking the banking side off to reach that point.

I would like to think 10p would shown value but it could edge lower imho - DYOR

[optomistic] 05/3/2008 15:10

So do I killeboy, I am looking to CTT to make good my losses on LSB. I have done very well with them in the past...and a good divi.

[killieboy] 05/3/2008 15:03

optomistic - hope you are right!

[optomistic] 05/3/2008 14:59

killieboy, CTT are different, they are in control of their company. Have a look at the final results on their website. Only the bearish market holding them back IMO.

[killieboy] 05/3/2008 14:21

I believe CTT knew exactly what was going on when they pulled the bid as they are in the same boat although not in as deep as LSB. Just wish they had told me a few months ago!!

[gluefactory] 05/3/2008 11:50

And back it goes again.Would not be surprised to see this test yesterdays close this afternoon.However,one piece of hope is that it can be day traded at 13 -14p

[optomistic] 05/3/2008 08:38

Got to wait for more detail from the company before going back in.
For a bank that has traded for over 100 years they must be feeling a little sick at head office.
No doubt they will be doing what they can but to get us into this mess to start with I'm not sure they're going to have anything to pull out of the bag.
I wonder if CTT saw this coming when they called off the takeover talks.

[sportbilly1976] 05/3/2008 08:29

option money now, but not really the volume there to trade....

might be worth getting a few if it drops to 12-10p for a quick(ish) 30-40%....maybe??

[optomistic] 04/3/2008 16:12

Possibly less than 10p! I sold at 59.5p (painful) at the time but what a move.
If I was still in at this price I guess I would ride it out, hoping to hit the bottom to make some back.

[grlz] 04/3/2008 14:06

10p is coming

[grlz] 26/2/2008 13:51

To high now as winding down lending will mean significant non-cash outflows as book values are wrote down, plus cash out flows to cover inevitable redundancies which could be considerable (50% of the workforce). IMHO I can't see anyone taking over a lending unit, as a continuing business, more likely the various loan books themselves will be sold in the current financial year, leading to a one-off charge.

Going forward Robinson Way, allowing further growth should produce £8/10m net after assuming a greater burden of central costs which will no longer be shared around the group's various divisions as is the case now.

Too much risk with further restructuring hits to come when there is better value and recovery plays elsewhere imho

DYOR

[killieboy] 14/2/2008 11:32

Results on 26 Feb - can't wait!!

[sportbilly1976] 07/2/2008 14:59

grlz,

hope so...made a few bob trading the nil paids with PAG last week..!!

[grlz] 15/1/2008 09:04

At the current MK (£42m) with LSB needing to tap £15/20m before expenses the discount and dilution of any placing is going to be heavily discounted to the current sp

imho a placing is looking increasing likely - probably around 5/10p with the dilution wiping out current holders - PAG comes to mind.

[sportbilly1976] 14/1/2008 13:15

20p might not be much of a discount by the time they sort one out at the current rate of decline in the share price ..

[grlz] 08/1/2008 21:01

a placing @20p seems to be the odds with this one making short CFDs a one-way bet

[hvs] 08/1/2008 18:49

ZERO.

GOD Brown to the RESCUE ?

[papaduke] 08/1/2008 18:13

they did sell their H/O for £20m cash, so there must be value nearer 20p??.

who knows??.

comments on any value, if any ??

[sportbilly1976] 08/1/2008 11:53

different market altogether to NRK.

they deal with people who cant go to the high street banks due to credit hisroy/problems....
or they buy the debt (usually about 35-40p in the £) and then try to collect the balance using their door-2-door reps.

no votes in it for pru & darling either...

possibly explains why there hasn't been any bounce here too......

[montyhedge] 07/1/2008 21:15

Gov won't make same mistake as with NR, this be allowed to go to the wall.

[papaduke] 07/1/2008 20:35

same as NRK during the weeks after the initial bad news, people will question its entire worth.

sad but true.

the shorters just love it and with shocking mkt conditions, its will get worse.

i dont hold

[nobel2005] 07/1/2008 20:24

why the big drop today?