London Stock Exchange Share Discussion Threads

[tipsytoad] 22/7/2011 08:45

possibly it could bring other interested parties into the equasion

[joe_public] 22/7/2011 08:22

Hong Kong Bourse could be considering a £15 per share bid according to Bloomberg TV this am

[gregmorg] 09/2/2011 14:05

Well, I suppose that's one way to get back in the FTSE!

Actually if the delivery (incl the cost savings)is as good as the words accompanying the merger announcement then I could quite enjoy the ride. This stock has been in the parking bay for far too long! Could someone tell the CEO that a higher payout would also come in handy! There is some speculation that this is the last chance for others to take out the LSE but I suspect that opportunity has long gone and it just won't happen this sid eof ----. Anyway nice to see a bit of positive action.

[bullsvbears] 07/1/2011 19:39

Whatever, LSE seems to be making pretty good progress. General economic optimism, or more?

[jenny5] 20/12/2010 10:26

An unattributed report on Sunday that Abu Dhabi is in talks to buy a 20 percent stake in the London Stock Exchange held by indebted neighbor Dubai.

The Sunday Times reported yesterday that Abu Dhabi is in talks to buy the 20 percent stake in London Stock Exchange Group Plc owned by Borse Dubai Ltd. The London-based newspaper did not say where it got the information.

[etome] 16/7/2010 10:43

Questor share tip: Watch LSE to see if it can deliver on services


Questor says HOLD

There's nothing quite like the thought of a shareholder rebellion at an annual general meeting to bring out chairmen and chief executives in cold sweats.

Pity then, for impartial observers at yesterday's London Stock Exchange AGM that the 30-odd investors gathered at Plaisterers' Hall in the City had not read the script, sitting instead in silence at one of the most cordial events likely to be seen this year.

The fact the directors received such an easy ride would normally suggest that the LSE is a business in boom. However, Questor believes the next few months will be pivotal for the exchange and will determine whether it remains an attractive investment as the world emerges from the financial crisis into the age of austerity.

Since taking over from Dame Clara Furse last year, Xavier Rolet, LSE's new chief executive, has tried to cut costs across the market and diversify its business model in the face of competition from new trading platforms such as Chi-X.

The scale of the problem facing him became clearer in May when LSE revealed full-year pre-tax profits had fallen by 20pc as the bourse continued to suffer from both the impact of the economic downturn and the loss in market share in its equity trading business.

Speaking at the time, Mr Rolet said he was confident the exchange would see an improvement in its performance. His comments were put to the test yesterday as LSE posted a 1pc rise in first-quarter sales, with a less than stellar performance in its capital markets business. Even the acquisition of Sri Lankan technology company Millennium IT last October failed to provide much of a lift.

Questor gave LSE a Hold recommendation on March 26 last year on the basis that the financial markets would recover from the impact of the financial crisis. Since then the market has risen 34pc, while LSE shares have lagged this somewhat, rising only 14pc.

Conditions at LSE remain challenging with June figures indicating that its trading volume fell by 11pc year-on-year, although the value of these trades actually rose by 7pc.

LSE shares currently yield 4pc, a figure that is expected to improve over the coming years. The current price-earnings ratio stands at 10.1, although this expected to improve to 8.3 by 2012.

On this basis, Questor can justify maintaining its hold recommendation on the LSE in the short term, although investors are advised to watch its performance closely over the coming months.

The number of UK listings is not anticipated to pick up any time soon and equity trading is likely to remain under pressure. The exchange also faces fresh competition from NYSE Euronext, which has decided to set up a UK-based platform.

However, the LSE will benefit if it can deliver on its promise to become more of a services-based business. Its plans to build up its derivatives operations could also help offset the loss of revenues in its core operations, which are unlikely to recover any time soon.

Like most shareholders, Questor will be keeping a very close eye on how the bourse performs.

Hold.

[etome] 15/7/2010 06:49

Investment Column: The LSE sails through choppy waters


Our view: Buy

Share price: 626.5p (+22p)

The London Stock Exchange has had a rocky ride recently, so much so that after moving back into the FTSE 100 index of blue chips stocks, it was booted off again in the June index review.

The weakness means that when it comes to valuation, the shares seem to promise value, with LSE trading on a multiple of 9.7 times forward earnings, according to Numis.

The question is whether Xavier Rolet, the ex-Lehman Brothers banker who succeeded Dame Clara Furse as the group's chief executive, can steer this ship through market conditions that are likely to remain uninspiring – the company used the term "mixed" in an update published yesterday – over the coming months.

If he can, the market should drive this stock back into the benchmark index. If not, it may simply drift as the dust thrown up by the recent market turmoil settles.

Crystal ball gazing is a tortuous occupation at the best of times but for what its worth, we think that UK market share will be one of the defining issues when it comes to performance. As Numis noted yesterday, LSE still has much to do on this account, but the auguries are promising.

Recent price changes have made the LSE more competitive, and compared to April, the exchange's share of trading of UK cash equities was up in June. Crucially, LSE also made gains on the competitive FTSE 100 market, with its share rising from 54.8 per cent in April to 57.4 per cent in last month.

This suggests that, despite its shares being down around 14 per cent since the beginning of April (part of which, it must be said, was probably down to the general weakness in sentiment as Europe dealt with its sovereign debt woes), the LSE is having some success in stopping business from shifting to other venues.

Mr Rolet and his team are clearly on the right track. Given the undemanding valuation, we're willing to stake our bets on further success. Buy.

[highlands] 14/7/2010 10:39

Decent update today - should take the share price to 650 in the short term.

[highlands] 08/7/2010 11:44

Can anyone tell me why the share price here is so low? LSE appears to be making a decent profit and paying out a good divi too. So what am I missing (do not have the time to trawl through historic posts)

[sirshagalot] 23/6/2010 16:02

yes the small caps are great revenue for lse,and brokers chrage far too much for dealing.
once the lse goes under thats it for uk international business ltd.
this is the last of uks so called industries.
if you want it to go the way of the "cotton mills" and "heavy industry" just do nothing just like they did.

[steadyitgoes] 02/6/2010 18:01

Interesting article on LSE trading platforms

[steadyitgoes] 02/6/2010 18:01

Interesting article on LSE trading platforms

[etome] 21/5/2010 07:52

LSE posts £144.3m pre tax profit, dividend maintained
Business Financial Newswire 21/05/10

London Stock Exchange has posted a statutory pre tax profit of £144.3m for the year to 31 March 2010 which compares with a loss of £250.8m for the previous year.

Total income was 6% lower at £628.3m but the Exchange says that the cost base has been brought down by 8% at constant currency acquisition impairment and amortisation, and exceptional items (and excluding one-off costs of £25.3 million taken in relation to TradElect replacement by MillenniumIT).

The total dividend is being maintained at 24.4p.

Net cash flow from operations after exceptional items remained strong at £301.2 million (2009: £352.6 million).

During the year £77 billion was raised by companies, the second highest annual amount (2009: a record £106 billion), with a 20 per cent increase in admission fee income and an accelerating rate of new issues in H2.

There was a good performances in Italian cash equities and fixed income trading (the latter reflecting 31 per cent growth in value traded on MTS) with revenues up seven per cent (constant currency) in both businesses.

CEO Xavier Rolet says:"We have made very good progress to get in shape, to leverage our assets and develop the opportunities, and the acquisitions of MillenniumIT and Turquoise help us in many regards.

"We recognise that there remains much work to be done and that, in many cases, the fruits of our labour to date have yet to be harvested. "In the coming year, as we continue to deliver on the key elements of our strategy within a fluid market and regulatory environment, we expect to see further progress across our business."

[typo56] 10/3/2010 13:54

LSE could be about to be kicked out of the FTSE 100 index. Too close to call. Announcement after close tonight.

[13matt13] 03/3/2010 16:47

Bought heavily in today near the bottom, Ftse rising LSE will follow as sure as day follows night.

[ducatiman] 22/1/2010 17:15

picked some up today double, so hope so. Obama plan is all hot air.

[doublebottom] 22/1/2010 16:37

wondering if this is nearly bargain territory

[pugugly] 22/1/2010 10:37

Law of unintended consequences - Obamas hammering of the banks will if he succeeds have a very severe knock on effect on both the level of trading and liquidity.

LSE could (imo & dyor) suffer a severe diminution of turnover and an even more severe loss of profit.

Any other thoughts ?

[sorenlawrensen] 16/12/2009 14:21

why is LSE(london south east) share chat unobtainable on the net? can someone please help. cheers

[sorenlawrensen] 16/12/2009 13:55

why is LSE(london south east) share chat unobtainable on the net? can someone please help. cheers

[binladin] 09/12/2009 08:41

CHECK OUT HAWK.L its a strong buy share price at this level because of delay in production only.

[undervaluedassets] 27/11/2009 08:31

bizarre how things turn on sixpence

was thinking of buying these

But lots of negatives these days

massive ownership by mid east

results poor

under threat from all sides by new entrants to markets

and now unreliable on top of everything else.

[sirshagalot] 26/11/2009 16:14

hahah computer failure now!! what a shower!

[farnesbarnes] 26/11/2009 14:26

Next support 625ish