London Scottish Bank Share Discussion Threads

[superjane] 31/8/2008 21:50

cn are you pumping this with griz taking large CFDs again?

[m4p] 31/8/2008 21:50

nothing at all C.N

Lets hope that whatever stirred it on Friday continues into the new week

We shall see!

[ihavenoclue] 31/8/2008 14:30

On this board, LSE and iii nothing but guesswork. No rumours. Let's just wait to see what tomorrow brings.

[cyclingnut] 31/8/2008 10:43

m4,

anything in the rags that you can find?

[cyclingnut] 30/8/2008 20:52

Anything in the rags boys?

[cyclingnut] 30/8/2008 20:52

i WOULD EXPECT A BID FOR THE ENTIRE COMPANY AT CIRCA 20P....

[m4p] 30/8/2008 18:27

Good post CN!

Where is everyone?

"commenced discussions with a number of interested
parties, which may or may not lead to an offer for the Group."


Does this mean without R.W or including it do you think?

and is a rights issue still likely assuming they retain R.W ?

[cyclingnut] 30/8/2008 13:10

Just dug out this chairmans statement from results end of June....the first sentence talks of working on shareholder value....could those days be drawing ever nearer as evidenced by the "coincidental" buys of late and the nice price rise yesterday?


Commenting on the results, Peter Cordrey, Chairman of London Scottish Bank plc,
said:

"The Group has made good progress in identifying and implementing its strategy
for the delivery of shareholder value. As announced in February, the Group is
focused on the growth of its successful debt purchase and debt collection
division, Robinson Way, reducing the capital employed in its lending divisions
and, over time, effecting a managed exit from these lending businesses.

Good progress has been made implementing this strategy, with the signing of a
new three year committed revolving credit facility for up to £85.0m to support
the growth of the debt purchase business, the exchange of contracts for the
sale of the Factoring business, the closure of the loss making Loan Broking
business and the start of the integration of the branch networks of the Morses
and London Scottish Finance businesses in order to eliminate duplicated costs.

However, the Group continues to trade at a loss due to the poor performance of
its Unsecured Consumer Credit business and we expect the poor performance to
continue until the restructuring and exit from that business has been effected.

The Group is currently engaged in a process to raise a minimum of £45m of
equity capital and has also commenced discussions with a number of interested
parties, which may or may not lead to an offer for the Group."

[m4p] 29/8/2008 23:17

CN

absolutely no idea we can but dream

have been keeping my eye on this for months now and never since the last rise to 15p plus has this share shown any sign of life

This is why I believe something is about to happen dyor

What & how much we can only speculate

Will they sell RW?

or just the rest of it?

[cyclingnut] 29/8/2008 18:35

could moo moo Cattles take em out?

[cyclingnut] 29/8/2008 18:29

M4P,


Where you been matey...what are your thoughts on this...push the boat out...what do you see the max upside here...20p?

I mean look at the graph on this baby...talk about bottom fishing!

[cyclingnut] 29/8/2008 18:27

remember this RNS?


The Group is currently engaged in a process of seeking to raise a minimum of £45m of equity capital and has also commenced discussions, which may or may not lead to an offer for the Group, with a number of interested parties.

...

The Group's future will depend on the outcome of the process to raise additional equity capital and the discussions with interested parties in relation to a possible offer for the Group.

[m4p] 29/8/2008 18:21

it does nothing in weeks now this

something has leaked like last time

noticed it day b4 yesterday then yesterday now today!

[m4p] 29/8/2008 18:20

Something afoot me thinks

[cyclingnut] 29/8/2008 18:14

meanm,

can you summon m4 to the bb? what price do you reckon we will be taken over for.....is 20p too much to ask?

That would be really handy!

[ihavenoclue] 29/8/2008 17:47

callum ... and there lies the gamble.

This is a wierd share .. shoots up in April over rumours of the disposal hitting an intraday high of something like 18 - 19p (from being 5p 2 days before) and then when the disposal goes ahead at around 11p it drops more than half it's value.

Have to see what monday brings

Regards
IHNC

[callumross] 29/8/2008 16:46

yes, expected it to tumble late on - perhaps i was a bit premature calling it a P&D - maybe something on the horizon after all - who knows.

[davius] 29/8/2008 16:41

5th best performer today and up over 25%. Hardly a pump and dump.

Mystifying though.

[meanm] 29/8/2008 16:19

No, no Cyc. This one was always going to come good.

As M4P points out, parties have been buying in at initially lower levels since the 20th of Aug and no doubt prior to that date. The volume of buying today is suggestive of "those in know" being almost certain that news is due to break. They bought in at lower, steady £5k levels over the last few weeks, but have went for it today at higher prices as time has run out, or that's at least what they seem to believe.

Watch and see!

[cyclingnut] 29/8/2008 16:05

meanm,

it was thanks to your positive overtones that I kept the faith with this one....thought my money was a gonner!

[m4p] 29/8/2008 16:04

news leak imho

have been watching for weeks

gone up last 3 days

[meanm] 29/8/2008 16:03

At an exisitng 25% rise, it appears a little more than a Friday "pump and dump!" However, we pays our money and we ....

If knowing certain things in advance could be considered a "chance!"

[deanroberthunt] 29/8/2008 16:03

?? No.....about 10-12% give or take.

[meanm] 29/8/2008 16:01

Leave the numpties alone! lol

Seems like there is some speculation, with news breaking over the weekend.

It's a wait and see one this and I am not going anywhere.

[deanroberthunt] 29/8/2008 16:00

so Einstein, taking into account spread and trading costs what has been the net gain today......