London Scottish Bank Share Discussion Threads

[quraishim] 21/4/2008 11:22

What a great surge up..........they have been approached by two different predator twice before.

[nickcduk] 21/4/2008 11:05

I think fun and games might be over for today. Some profit taking and a large seller at 7.7p are the main reasons why. Expecting a sale of the factoring division to be announced at the AGM. A disposal of the unsecured side would be a bonus but I fear they may have to pay to close down the division. That will obviously incur write downs and costs but hopefully they should be manageable.

[quraishim] 21/4/2008 10:46

tree shake.......well ride this one out, they are pretty short of stock...........

[quraishim] 21/4/2008 10:45

Well they were paying £180 million one year 4 months ago........now its captilisation is only 11 million........the fact now tells the story how undersold it is!!!!

[quraishim] 21/4/2008 10:40

Very much so there has been two attempts of a bid in the last two years.....so the reward of r/w is pretty good.........IMHO

[j l] 21/4/2008 10:38

Seems like a bid to all/part of LSB to me ;-)

[gluefactory] 21/4/2008 10:37

The problem here is buying any volume.I had the same problem wanting to buy 25k at 48p! Managed to "only" get 8k at that price.Was "lucky" to get the balance at 38p a few days later! Take care anyone who is investing here.The AGM might have a sting attached to it.(I am not a current holder,but if I could buy say 200k at the quoted price I would,and offload tomorrow before the AGM

[quraishim] 21/4/2008 10:34

nick...few buyers.....lol!!! well the theory is that investors are stacking on to LSB because risk/reward return is pretty good......the ratio is whatever one makes of it.

[nickcduk] 21/4/2008 10:19

Todays rise could be driven by short sellers closing out their positions ahead of the AGM. As most of the loose stock has been cleared they are not going to find it easy to buy stock in meaningful size without moving the price up. The fact that most of the early trading was via SETS supports this theory.

It could be that news has leaked of a potential bid but volume is pretty modest and any buyer would have picked up more volume when the opportunity arose. I would discount this for the time being.

It could simply be being driven by the overhang clearing and a few shareholders buying on that basis. With an update due this week it would be the obvious time for those wanting a punt to be getting in on the action.

Whatever it is, today's rise is obvious welcome and hopefully we can maintain it and tack on a little more tomorrow as well.

[quraishim] 21/4/2008 10:12

This was two year ago Cattles attempting to buy LSB

Cattles has been widely considered to be the favourite to buy LSB as it would be a good fit and it could extract significant cost savings, and a report last month said it would pay about 180 million pounds ($341.2 million) for its rival.

[quraishim] 21/4/2008 09:55

john good luck, there is enough fire in this one...lets wait and see

[quraishim] 21/4/2008 09:20

jl...two years ago there was an attempted bid when LSB was a £1.....

[johnspain] 21/4/2008 09:20

guys, still lurking here.
One thing you can be certain of is that you WILL get news this week.

With the AGM on Wednesday it is inconceivable that shareholders won't hear anything.I have no idea what the news will be, but it presumably will touch on true financial postiion, disposals, write downs, plan going forward ...
The later is the point on which I will make any investment decision.
Good luck all.

[j l] 21/4/2008 09:15

No one can be certain, but equally no option should be discounted at this stage.

It seems we are due to hear news this week (AGM on Wed 23rd of April).

[quraishim] 21/4/2008 08:53

jl...it could be disposal news.........what do u think yourself????

[j l] 21/4/2008 08:51

Those who professed that rumours of a bid is nonsense may soon have to apologise, or more likely disappear ;-)

[quraishim] 21/4/2008 08:28

looks like momentum is up this week , maybe good news on 23rd market has already sniffed.

[quraishim] 18/4/2008 12:25

Tree shake lets how this comes off monday...could be a write up over the weekend, looking to move forward......

[j l] 18/4/2008 11:50

Could be Cattles at it again ;-)

T-R:

London Scottish Bank 5.95 up 0.60
Large seller reportedly cleared

[quraishim] 18/4/2008 11:28

well its going up by average 10% a day...so something is afoot or we are playing russian roulette....not when u look at the trades.

[johnspain] 18/4/2008 11:14

well done to holders, bigger balls than me :)

[quraishim] 18/4/2008 11:14

Another tree shake and next leg up.....

[quraishim] 18/4/2008 11:05

glue its worth a punt at this level.......i agree what u said about barclays

[gluefactory] 18/4/2008 11:01

Barclays hold share indirectly for their customers.They are not owned by Barclays.Do not think there are rampers here,just misguided posters.Might consider an investment here,but I warn you that the AGM will not be nice,and there is word of a massive dillution