London Scottish Bank Share Discussion Threads

[varga] 30/3/2006 00:23

LONDON (AFX) - London Scottish Bank PLC said in an AGM statement that
trading to date has been broadly in line with expectations.

[hybrasil] 29/3/2006 20:36

Yes
Very glad I averaged down

[hotstuff] 29/3/2006 19:03

Looks like something is happening----up 8p today

[hotstuff] 09/3/2006 07:15

I think LBS is a soft target for a T/O,and would fall like a ripe pear at a price not much more than todays market price.

[hybrasil] 30/1/2006 17:21

Just seen that prethean has has 3.69%
Peter Burt former bossman at R Bank of scotland is the chairman!!!!!????

[hybrasil] 30/1/2006 09:40

Hotstuf I totally disagree. One of the disadvantages of being a plc is that you are expected to produce year on year increasing profits and dividends. I run three business's and that simply doesnt happen to me and I expect a great deal of others.
This is producing excellent returns and I believe with the results you will now see relatively steady increase in the share price

[hotstuff] 24/1/2006 07:45

Dividend cut & branches closing right ,left ¢re.Doent read well.Only good news is that the Chairman is retiring.

[drectly] 23/1/2006 18:04

anyone any thoughts regards tomorrows results ?
the last movement today positive, but I do not think we are looking at a large investegation resulting from advantage being taken of outstanding results.
We wait and see for news on the divi

good luck to holders, regards drectly

[adnicoll] 08/12/2005 16:13

Knew i'd find it somewhere

The Times December 06, 2005

Stock markets

US investor drawn to jewel in London Scottish Bank's crown
By Nick Hasell
Small caps

THE emergence of an aggressive US value investor with a debut 4.4 per cent stake in London Scottish Bank fuelled speculation over the future of the lender's debt collection arm.
Steel Partners is a name guaranteed to turn heads when it appears on a share register, and yesterday's declaration that it had acquired 6.2 million shares in LSB proved no exception. The New York fund was seen as instrumental in putting packing specialist API Group into play earlier this year. It is also the biggest shareholder in Uniq, with 12 per cent, and owns 7.1 per cent and 7.4 per cent of Renold and Lavendon Group respectively.

What has drawn it to the UK financial services sector for the first time is unclear, but dealers speculate that Steel may seek to unlock value from Robinson Way, LSB's debt collection division, forecast to account for more than half this year's profits. Although it has performed strongly, fears over rising bad debts and lower loan growth in LSB's consumer finance division have held back its shares, which rose ¼p at 81¼p.

[adnicoll] 08/12/2005 15:59

A nasty Americam Value fund has taken a few % of the business and they have a reputation for extracting a profit from their investments - apparently the debt collection caught their eye !

[drectly] 07/12/2005 12:03

I have no idea why the increase so any explanation welcome, as has been the recent increase, or more accurately my reduced paper loss.
regards drectly

[ackland] 06/12/2005 22:27

Why the rise...................... Anything happened.

[hybrasil] 11/11/2005 15:41

That bounce had to happen . I reckon still way undervalued on a 3 year view

[hectorp] 11/11/2005 12:56

Freddy warnings usually come in 3's.

[hybrasil] 11/11/2005 10:13

That trading statement wasnt as bad as I had feared

[ydderf] 11/11/2005 06:21

worse than recent concensus estimates (17.8 average)and cautious outlook. i reckon eps of 7.9p, 5p max total dividend if poor outlook still, in januuary, or maintained divi for year if the message they want to send for 2006 is positive...buy below 75 imho but can't see the point in paying 80p+ until prospects are clearer

[scumdog] 10/11/2005 12:50

Drop now reversed on buying.
Good value IMO.

[hybrasil] 10/11/2005 08:14

read the trading update 16m of profit does not upset me

[hybrasil] 08/11/2005 06:01

I think so too Freddy and will probably average down again.

[ydderf] 07/11/2005 13:53

looks like we now seen the low.....

[mkwng] 04/11/2005 14:44

Who sold this 500,000 shares, ??
I check that someone sold 2days ago, price is 73.5 P
.

[gryphon2] 04/11/2005 14:31

somebody bought 500,000 shares today!

[ydderf] 04/11/2005 10:33

they warned three months ago and haven't further warned, so if things stabilise at around £18m pre tax that's 9p of earnings or a p/e of 8 - plus the probablity of a cut div but whch still equates to a yield of 7% - can't decide whether to bovver though.....

[drectly] 02/11/2005 00:00

well my balanced portfolio of Ashtead and LSB stays balanced with one going up as the other goes down. LSB was supposed to be the not do very much give a bit of income part, may still be long term.
Regards ability to pay divi, I do not have a clue and I am not sure if we will get any meaningful update before January. What I guess we have to accept is a lot of people will have a pretty good understanding of the position so maintaining existing divi is unlikely considering share price
Will keep holding until there is some real info, but will not average down further.
Who knows we may get lucky with a take over
regards drectly

[pvb] 01/11/2005 18:04

"Did anyone notice that Advfn monitor showed this stock at £1.15 at 07.54 this morning? Possible bid maybe........."

£1.15 at 07:54? Sounds more like SETS pricing to me.