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LGM Longmead Grp.

7.00
0.00 (0.00%)
15 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Longmead Grp. LSE:LGM London Ordinary Share GB0002249075 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.00 GBX

Longmead (LGM) Latest News

Real-Time news about Longmead Grp. (London Stock Exchange): 0 recent articles

Longmead (LGM) Discussions and Chat

Longmead Forums and Chat

Date Time Title Posts
14/9/200808:37Longmead - The NAV vs Mkt Cap Argument40
19/2/200221:04Why the sudden rise?24

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Longmead (LGM) Most Recent Trades

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Longmead (LGM) Top Chat Posts

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Posted at 28/2/2005 14:38 by jasperminka
LONDON (AFX) - Longmead Group PLC, which supplies bathroom fixtures and
fittings, reported a trading loss for the year to October 2004, as sales fell
due to delays in deliveries from the Far East.
The group posted a pretax loss before exceptionals of 264,000 stg for the
year to Oct 30 2004, compared with a loss of 256,000 the previous year.
Sales dropped to 2.5 mln stg from 2.6 mln due to delayed deliveries,
cancelled promotions and one customer switching to direct imports. The main
impact of these factors was felt in the second half, when sales fell to 1.1 mln
stg from 1.4 mln in the first six months.
After crediting exceptional items of 317,000 stg, Longmead achieved an
overall full-year pretax profit of 53,000 stg, compared with a loss of 734,000
in 2003.
Deliveries have improved since the year-end, and this, together with a new
range of products, is expected to lead to an increase in sales in the current
year, Longmead said.
"The current year has started quite well and the company is trading
profitably to date," Longmead said.
It also said it plans to raise additional equity through a share placing and is holding talks with potential investors.
Posted at 07/10/2004 13:52 by jasperminka
Interesting - thanks. I hold a few, but sold most of my holding in April to release funds for another purchase. It's a very quiet company, and I think are trading at a huge discount to NAV, but over the last 6 months the price has slowly sunk despite absolutely no trading to talk of.
Posted at 05/10/2004 09:36 by hugepants
Its an interesting asset play this. There was 1.7M of freehold property before the warehouse sale. That implies there must still be 1.2M of freehold property out of the tangible assets of 1.5M. Current market cap 0.8M. NTAV over 2M. I managed to buy a very few. The share is so illiquid and management own around 45%. No pension problems.

PS. I downloaded the AR from ukdata.com. Cost 20 quid.
Posted at 05/10/2004 08:05 by charmer1_23
RNS Number:6787D
Longmead Group PLC
04 October 2004

The Longmead Group plc ("the Company")

Holdings in Company

The Company was notified today of the following share purchases:

Number of Ordinary Percentage of Share
Shares Capital

Sean McCarroll 400,000 7.16%
Marcus Yeoman 200,000 3.58%
Mosaique PLC 200,000 3.58%

4 October 2004




This information is provided by RNS
The company news service from the London Stock Exchange

END
HOLEAKELEELLFFE
Posted at 21/4/2004 17:19 by jasperminka
RNS Number:8639X
Longmead Group PLC
21 April 2004



The Longmead Group plc ("the Company")

Directors' Shareholdings

The Longmead Group plc announces that share options, under the Enterprise
Management Incentives Scheme, have been granted on 20 April 2004 to Mr Nigel
Newman (Managing Director) and Mr Mark Toolan (Sales & Marketing Director). They
have each received options on 250,000 ordinary shares in the Company's share
capital at an option price of 15p per share. The options can only be exercised
providing certain profit objectives are achieved over the next three years.

21 April 2004
Posted at 03/2/2004 19:29 by jasperminka
One midpoint trade yesterday, and one sell at 1p below bid (only 5000 shares as well). Yet the price went up. Not sure I understand...
Posted at 21/1/2004 20:37 by bozzy_s
Let's hope so Jasper, a few pence would do me nicely! It only takes a small number of buys to push the price up.

I wonder how much it would cost to appoint a PR company? If it's not expensive, it should be done.

I see that the final results are due soon, they should make things a bit clearer, and provide some publicity.
Posted at 21/1/2004 20:31 by jasperminka
Bozzy

I agree, but am loathe to do anything that might be construed as ramping. LGM's website full of pretty pictures of bathroom equipment (very nice they are too - must buy some for my new house "Aerobox Castle") but no info on Investor Relations or PR enquiries. SHouldn't they get a PR firm to subtly point out their undervaluation to those who affect these things (MMs, small cap fund mgrs etc)?

Having said that, the more I do the sums the more I'm fairly convinced that in near to medium future someone will notice the NAV status and price will shoot up 5 or 6p at least. All IMHO of course.
Posted at 21/1/2004 19:24 by bozzy_s
Good work Jasper, I like the research you have done. Let's hope this thread becomes busy with new investors in the coming weeks.

I was amazed to see no trades at all yesterday when the news of the Warehouse disposal was announced.

If the company can cut costs, and at least return to break-even, then they should be trading in the region of 30p per share.

The correct market cap is actually £920,000 (5.5m shares in issue currently). Net assets at last balance sheet date of £1.86m, profit on disposal of warehouse of £370,000 makes £2.23m.

Exceptional costs to be incurred of £475,000 re. reorganisation of the group.

That leaves net assets in the region of £1.75m.

However, given that the warehouse yesterday was sold for £370k above it's balance sheet value, I wonder how much the remaining fixed assets are worth?

The company has stated that operating costs were to be reduced significantly, and had been reduced by July 2003 - see results.

Therefore, I believe that £1.5m+ would be a fair valuation of the company, equivilant to 27p+ per share.

I am happy to have bought at 16p!

We need some publicity to move on from this level...
Posted at 21/1/2004 17:03 by jasperminka
Longmead Group plc ('Longmead' or 'the Company')

Sale of Building

In July 2003, the Company announced a series of restructuring measures to be implemented in lightof the changing market place for its products, including the transfer of warehousing to the main factory premises thereby releasing the existing warehousing building for sale.

Longmead announces the completion of the sale of its warehouse premises, on 19 January 2004, for £850,000 before expenses. The sale price compares with the current balance sheet value of £480,000.

The proceeds of the disposal will be used to reduce bank borrowings and provide additional working capital.

20 January 2004

Does this mean that there is shareprice potential (as evinced by very small NMS), or will the £850k fill an as-yet-undeclared black hole? One long term chart shows an interesting trend....
Longmead share price data is direct from the London Stock Exchange

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