London Scottish Bank Share Discussion Threads

[optomistic] 11/3/2007 15:17

x/d on the 9th and share price rising 1p, good close to the week.

[optomistic] 07/3/2007 19:07

I thought with todays drop that we had gone xd but for that we will have to wait until the 9th. Then a late RNS showing a substantial holding has been taken in the company.....makes it even harder to understand todays price movement!

London Scottish Bank Public Limited Company

HOLDING IN COMPANY

On 6th March, we were informed by Hermes Investment Management Limited, as
agent on behalf of BT Pension Scheme Trustees Limited, of a re-disclosure of
notifiable interest, following the implementation of the Transparency
Directive, of 17,075,735 ordinary shares of 10p each representing 11.99% of the
issued share capital of 142,385,339 ordinary shares of 10p each in London
Scottish Bank plc.

The notifiable interest comprises 4,581,124 ordinary shares, representing
3.217% being a direct holding and 12,494,611 ordinary shares, representing
8.775% being held indirectly.

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund
Trustees Limited, which is the parent undertaking of Hermes Pensions Management
Limited. Hermes Pensions Management Limited is the parent undertaking of:

1. Hermes Investment Management Limited (voting rights held in this issuer :
6.07%).

2. Hermes Focus Asset Management Limited (voting rights held in this issuer:
5.92 %).

7th March, 2007

[mr.oz] 23/2/2007 17:35

some news on this today that may help the share price recover nicely;



London Scottish board under pressure

PAUL ROGERSON, City Editor February 23 2007

PRIVATE equity firm Prom- ethean is expected to begin applying pressure for a boardroom shake-out at subprime lender London Scottish Bank (LSB), after a potential take- over of the bank by competitor Cattles collapsed yesterday.

Promethean, which is fronted by Sir Peter Burt and his son Michael, wants to install the elder Burt as chairman to conduct a strategic review which would almost certainly herald the divestment of plum assets and distribution of cash to shareholders
CONTINUES...................

[mr.oz] 23/2/2007 15:49

SP reaction today seems to imply you are right poacher....top up?

[poacher45] 23/2/2007 10:30

Below 140 to cheap 116-118p now represents a buying oppotunity. Cattles have inflated their share price to try and buy us at a give away price. I think the directors are right to dig their heels in.

[killieboy] 22/2/2007 21:34

Bugga - Bugga - Bugga .......oh well

[mr.oz] 22/2/2007 19:14

bugga ! divi only !
notice cattles share price not too clever , after this , deemed a bad move?

[killieboy] 21/2/2007 13:37

Holding out for at least 130p

[mundungus] 21/2/2007 12:56

FT article on take over possibility by Cattles, price mentioned was 123p-130p, expected that Cattles would wait until results are published before making a move

[killieboy] 10/2/2007 12:51

Interesting............... hope Cattles come in at c140p.

[mr.oz] 09/2/2007 17:01

Plan for break-up of London Scottish Bank forges ahead

PAUL ROGERSON, City Editor February 07 2007

PROMETHEAN, the UK private equity firm headed by Sir Peter Burt and his son Michael, is poised to forge ahead with a plan to force the break-up of subprime lender London Scottish Bank (LSB).............

I have bought in today , looking for some action this month and divi if none forthcoming

[meadow50] 30/1/2007 11:28

V.good results-profits up a quarter,10% divi hike.In the small print a property revaluation uplift of 7m taken to reserves and not included in profit.With takeover talks still in progress...I suggest 135-140 takeout price would be reasonable-Promethean's offer was 115p before this profits news...and with a 5.5% yield these look a bargain so i've just bought another 1700 shares.
Good luck all holders
George

[optomistic] 30/1/2007 09:02

Good set of results this morning. Nice increase in final divi to 4.135p.

[utsushi] 24/1/2007 10:57

I suspect,that bids only happen to good companies, lets see what the results come up with.

[optomistic] 23/1/2007 19:36

killieboy, can't help you there. To start guessing why Companies alter their dates is beyond me.....I'm waiting hopefully for next week, perhaps one of the two known candidates will not be too long in showing their hand. One thing of concern is that no one seems to have been building a position, certainly not one that requires to be notified.
opto

[killieboy] 23/1/2007 18:12

Optomist:

140p sounds good to me as a shareholder. Lets hope the results back up this sort of figure. Why have they delayed the results for 1 week - any ideas?

Killieboy

[optomistic] 22/1/2007 17:02

Finals now on the 30th Jan.
Cattles said they would wait until the results before making a move. Burt now considering another approach. So says The Sunday Telegraph.

edit:
killieboy, I can't see anyone coming in art 125p the expense of making the approach would be far too much for a nil result.
Let's start thinking in the 140p region. More realistic, providing of course the results are up to scratch.
opto

[killieboy] 22/1/2007 13:22

Looking forward to Cattles coming in at 125p this week!!??

Killieboy

[optomistic] 17/1/2007 15:11

Not acting like a potential T/O target....still no trades!

[optomistic] 17/1/2007 13:24

Sure thing santori! the traders must be under a great deal of pressure today.
Don't think the LSB mm's are in for a huge bonus this year.

[utsushi] 17/1/2007 13:22

High volume today...;-)

[optomistic] 16/1/2007 16:03

I'll do that poacher but I think I'll wait for the warmer weather :-)

[poacher45] 16/1/2007 16:01

Just bare in mind the property as well.

[optomistic] 16/1/2007 15:30

santori, as well as the fundamentals CTT are sat in the wings considering a move, possibly others as well.