London Scottish Bank Share Discussion Threads

[tomandgerry] 10/6/2008 10:35

Cyclingnut

11.5p - I have held various stocks for 13 months now and was doing fine despite market turbulence. This was my first CFD purchase, and I had planned to get in and out fairly quickly on the RNS news - such is life, I reckon I had better hold on for a while!!

[cyclingnut] 10/6/2008 10:05

right guys/gals....when do we all average down or is that akin to catching a falling Samurai Sword?

[cyclingnut] 10/6/2008 10:03

glue,

As you know I am a keen cyclist...ERECTIONS are a thing of the past!

[grlz] 10/6/2008 10:01

like I said last night "it may find it's bottom @8p"

DYOR

[gluefactory] 10/6/2008 09:53

Hi Cycling.You have strange timings for getting Erections!

[cyclingnut] 10/6/2008 09:44

bloody hell...anyone else's pants filling up!!

[davius] 10/6/2008 09:35

That has to be a possibility with the market cap under £12m.

Now in auction at 8p :(

[cyclingnut] 10/6/2008 09:29

Why doesn't a bigger player snap them up?

[davius] 10/6/2008 09:23

I have no plans to sell but have to admit to feeling uncomfortable with this sliding share price. Now down to 8-8.5p and showing as the 13th worst performing share today.

It reminds me a little of the share price movement of Jarvis. I wish I'd piled in and held those from under 10p.

Anyone expecting to make a quick buck in LSB is likely to be disappointed I think, it could takes months for value to return (as it did in JRVS) and will probably be post rights. What we do know is that they have to get the company in order by October to avoid a forced sale (under the terms of the loans) so things should become clearer over the next two or three months.

[meanm] 10/6/2008 09:20

Today:

2k differnce in buys to sells and the share price falls 10%!

It is all total nonsense right now.

My guess, and I think I have said this before, is it will fall to around 8-8.5p.

So, not much further than just now.

Any lower and it would just not make sense.

[cyclingnut] 10/6/2008 09:17

mean,

Nice post and I thank you for it BUT where is the bottom...5,4,3 or 2p....I want to average down!

[meanm] 10/6/2008 09:14

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.

[cyclingnut] 10/6/2008 08:57

mean,

I honestly thought the selling off of the biz THE OTHER DAY was good news but upon closer inspection (after I bought) I realised they still need to raise a further £4m...which in these markets will be impossible....IMHO

[meanm] 10/6/2008 08:55

You only make a loss if you sell.

By all means Cyc, sell and do us all a favour.

You seem to be panic-stricken.

If you were so "risk averse", why buy into LSB?

[cyclingnut] 10/6/2008 08:54

"The question would now be, why bother selling?"

Sell while you still have some money left.

[meanm] 10/6/2008 08:46

The volume is so little, that it is clearly MM's debasing the s.p.

Looks at the sales volume over the last few days and also the difference between buys/sells. The share price is being deliberately hit.

The question would now be, why bother selling?

[cyclingnut] 10/6/2008 08:45

tHE EXITS ARE HERE, HERE AND HERE,...please leave in an orderly fashion and would the last person out please turn off the lights and close the door behind them.

[cyclingnut] 10/6/2008 08:33

why not a steadying the ship type RNS....we know of no reason for the recent share price fall, we have sold off a part of the business and are currently looking at other ways of realising value for share holders....

[davius] 10/6/2008 08:28

Well this is none too cheery...

[cyclingnut] 10/6/2008 08:08

SO 5TH DAY ON THE TROT................DOWN.

[cyclingnut] 10/6/2008 07:45

tom,

I'm in the same boat...I bought at 11.25p and you..........?

[grlz] 09/6/2008 22:38

.... may bottom out at 8p (ish) just an opinion.....

DYOR

anyone else jump on WAGN today?

[tomandgerry] 09/6/2008 19:37

I have only held for a short time and I know no better - it has dropped every day since I bought in! Can't say that i am overly optimistic and I do not fancy subscribing to a rights issue. Has anyone any crumbs of comfort to ofer - I could do with cheering up!

[meanm] 09/6/2008 17:27

"People running for the hills" is a clear exaggeration!

Perhaps you lack experience of the MM's tactics. Regardless, a share price drop four days running does not constitute the type of situation you describe.

[cyclingnut] 09/6/2008 13:49

daily drops for the past 3-4 days at least....that says it all....or am I exaggerating those facts?