London Scottish Bank Share Discussion Threads

[lawson27] 25/6/2008 13:10

hope so!
only 166k traded including plus???

[davius] 25/6/2008 13:10

Just gone into auction at 8p. Could this be news leaking that the informal approach from Gregory King might have some mileage?

[wiltsplayer] 25/6/2008 11:48

rns today

looks like a big sell was behind the fall last week - (distressed seller ??)

[davius] 24/6/2008 12:30

So resolution have made a tentative offer to buy a large stake in B&B then. The idea is to consolidate a number of smaller banks into a single stronger unit. Perhaps they'd be interested in picking up a mightly fine debt collection agency, for say, 12p a share? Good synergies as they could use their own business to chase the mortgage defaulters :)

[cyclingnut] 24/6/2008 10:43

the company should make a statement to calm the waters........

[meanm] 24/6/2008 10:38

Consider this, last week the F.T. started rumours about a rights issue on the scale of "£45 million" and that the new issue was to be "at a massive discount to yesterday's price (8.63p)." However, if that was really the case, then why would Ashton reject Gregory King's offer of underwriting a "new share issue priced at around 8p a share????"

[meanm] 24/6/2008 09:19

That is the point exactly, the MM's are targetting LSB.

Just don't be shaken off and I am sure there is profit to be had.

You see it with far more stable companies than LSB. Look at BNLN. That company announces new business after new business, and yet it always follows the MM's movement. Nonsense.

Don't let them spook you.

[cyclingnut] 24/6/2008 09:05

Crikey look at the teeth on him (the mm, as yet again this is marked down)!

[davius] 24/6/2008 08:55

Strewth, in auction at 6.6p, this share is sent to torment us...

[davius] 24/6/2008 08:44

Spoken too soon, clearly...

[davius] 24/6/2008 08:34

There seems to be a keen buyer at 7.5p this morning, happy to take any shares being offered...

[grlz] 23/6/2008 15:29

yep now swimming against the tide

[cyclingnut] 23/6/2008 12:09

and down again..............not very interesting!

[grlz] 23/6/2008 11:08

moving up, interesting..

[grlz] 23/6/2008 10:56

cyc - [growl]........Not so much bearish just realistic, I do own a small holding so i'm keeping a toe in the water, but that's money I can afford to risk

As for the share price who knows as the waters are muddy until Ashton delivers more news.

It could still pop or slam the floor imho

I like the strategy LSB is trying to action, but i'm not planning investing in it seriously until their done fundraising - I don't mind missing a few pennies if the story looks good. Could be another Northgate (NIS). A basket case that blossoms into a decent business, but to early to tell at this point.

[cyclingnut] 23/6/2008 10:30

(bear)grlz,

Where do you see the share price going over the next 2-3months?

[grlz] 23/6/2008 09:51

so Mathon offered to underwrite an issue for a potential 25% discount to the then share price (10.7p)

very opportunistic bid by King - I'm happy that Ashton chased him, Mathon's business is poorly run in my experience and less than innovative so the thought of holding a stake in that would have me reaching for the sell button.

[davius] 23/6/2008 09:38

Speculation, but LSB is sufficiently low priced to attract attention regarding RW I'd have thought. The market certainly hasn't reacted as though it takes the suggestions seriously so far.

[cyclingnut] 23/6/2008 09:29

don't do tri's as I hate running and swimming!! what is your take on the Times article Davius?

[davius] 23/6/2008 09:20

Shouldn't that be cut and cycle? Or are you a triathlete?

[cyclingnut] 23/6/2008 09:02

Big question now has to be ...WILL WE EVER SEE OUR CASH BACK OR SHOULD I JUST CUT AND RUN?

[davius] 23/6/2008 08:51

I did ask their broker about this extra money, he wasn't clear on it but thought that the loans were from LSB to LSIF, so it would be cash returned to LSB. Of course we have no way of knowing what it will be used for, but I'd have thought at least SOME of the £28.5m should have reduced the regulartory shortfall.

[hermana] 22/6/2008 17:55

wirral,scavengers at the gate!