Share Name Share Symbol Market Type Share ISIN Share Description
Low & Bonar LSE:LWB London Ordinary Share GB0005363014 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.75p -2.63% 64.75p 65.00p 69.75p 64.75p 64.75p 64.75p 49,452 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 400.0 17.7 4.2 15.3 213.40

Low & Bonar Share Discussion Threads

Showing 1201 to 1224 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
13/12/2017
09:38
I agree about the buyer Ed. The bid seems to be slowly rising at the rate of about half a penny a day on average although it hops around during the day. Sellers can now got 68 with ease rather than 65. I sense if they buyer wants any more in any decent size he's going to have to pay 70. Edit: sellers getting 68.5 and buyers paying 69. All looking good
cc2014
12/12/2017
17:32
Yes, creeping back up on low volume. The big trades were in the 65p trough. There was a gap down, approx 80 to 70. With satisfactory news (ie. full year report) we could reverse that update provoked fall ..... back up to 80p? Feels like there is a buyer gradually upping the bid in the hope of finding some volume.
ed 123
11/12/2017
09:33
The buyers are nibbling away at 69 this morning which is nice.
cc2014
07/12/2017
15:39
Thank you for your thoughts Ed. It's much appreciated. I'll write my thoughts up over the coming days but in the meantime I see the bid has ticked up to 66.5 after 35k sells so either we are going to see a delayed buy or someone wants alot of stock and the sells aren't coming fast enough Fingers crossed
cc2014
07/12/2017
12:58
Ta, CC2014. :-) Your thoughts on the share trades here match my own. I have longer term hopes for this one. Brett Simpson has a vision for the Group, avoiding commodity products, aiming for higher margin products in growing sectors of the economy. The old FD is gone and Simpson now has his own choice of FD. I wasn't convinced about the old CEO. Texiplast is one of Steve Good's buys. Four years on, it doesn't look to have been money well spent. Some have said Low and Bonar is a serial disappointer. I wouldn't argue against that. I've been in and out of this share over a period of decades. I remember it when it was a packaging company, providing the boxes for Kelloggs cereals at Trafford Park, Manchester. The share price was higher then than it is today. That says something. As for the here and now, I view Low and Bonar as a development project. If the new management can get it moving forward with no more bad news, and an outlook of increasing eps, then a re-rating looks very likely, imho. If performance improves and it doesn't re-rate, then it could be a bolt-on for someone? Meanwhile there's a dividend yield close to 5% at the current price. Sterling Strategic are an interesting major shareholder. They will be in dialogue with management. Will SS be supportive and patient or want a quick turn on their investment? I hope for the former but, if the latter, I'll take it.
ed 123
07/12/2017
08:34
5000 Shares have been on offer at 66p since the opening and are still there. First trade is recorded as a buy at c. 68p. I may be wrong but have the feeling that the big trades are finished and a bottom is in. Waiting for a holdings rns, showing someone reduced? Finals, y/e 30/11/17, are due on 31/01/18.
ed 123
06/12/2017
23:00
Looking good for you at this early stage, CC2014. :-) Can't see your 65.875p trades. Which exchange?
ed 123
06/12/2017
14:36
I'm in. Those are my two buys at 65.875 which I hope will be the turning point. GLA
cc2014
01/12/2017
16:10
Sterling strategic - now at 11%. Hope they can shake up the management a bit - they seem a bit flat footed at times, too keen to blame external factors. [...]
time_traveller
29/11/2017
15:18
who bought/sold 1.8million pounds today?
cascudi
03/11/2017
12:37
Sell side has weakened. Possibly our recent seller has finished? A bit of buying now could take these up a few pence? That's my hope, but who knows?
ed 123
01/11/2017
11:17
Agro-textiles sale completed, as expected, albeit slightly delayed. Trading in the shares continues its recent pattern. Someone is keeping the sell side replenished. Possibly a market maker working through sells from the recent update? At the same time, someone else(?) is willing to buy at 69.3p, ie above the mid-price of 69.125p. Fwiw, Peel Hunt reiterated 'buy', 100p target yesterday.
ed 123
30/10/2017
17:45
Been looking at today's trades. Although nearly all today's deals have been marked as "buy"s, it is a false picture. Reason? There has been a buyer offering more than the mid-price to anyone wanting to sell. As a holder, obviously I'm hoping this buyer continues to mop up and, eventually, the share price rises. But, who knows? Low and Bonar's financial year will end one month today. Broker updates are showing an average estimate of 6.77p earnings for the current year and 7.93p for next year. If those earnings figures are met and no more glitches, then a share price of 12.5 x 8p earnings, c. 100p, might be reasonable for February 2018? Dreamland ..... if some bigger player wants LWB and offers, say, 9 x ebitda. That might give EV of c. 522 million (for y/e 30.11.17), say 392 million after debt, or 118p per share. That would be about a 68% rise from today's 70p share price. Unlikely to happen, of course, but no harm in my dreaming. (No advice intended - no crystal ball, either.)
ed 123
19/10/2017
14:44
Directors and institutions buying.
justiceforthemany
17/10/2017
15:28
Obviously a disappointing update, though some parts of the Group are growing strongly. The update finished with, "The Board continues to expect the Group to show good progress overall for the year to 30 November 2017. " So, eps for y/e 30.11.17 seven pence? At 70p (current market price for the shares) that's a p/e ratio of 10. IF, this is the end of their mixed performance updates, with time for sentiment recovery, a p/e ratio of 15 might be right? There is highly likely to be a writedown of the goodwill amount in the Civil Engineering Division. Also, the carrying value of CE Division stocks may be reduced? So, the balance sheet will take a hit. This won't affect the Company's ability to pay it's bills, dividends or interest on loans and doesn't affect the debt covenant measures used by LWB's lending banks. So, no existential risk to Low and Bonar. I suppose, overall, it has to be said that Brett Simpson's moves to improve the quality of the business are turning out to be more extensive than some (including myself) had previously expected. Others in the sector will be watching. I guess there's a small chance that someone will come along with an offer for the Group. Timing and shareholder sentiment might reward an interested party, just now. FWIW, I weighed up everything and decided to add to my holding. (No advice intended.)
ed 123
17/10/2017
14:19
£1M Buys - share price up 5% so far. Someone's confident... 12:51 69.00p 1,500,000 £1,035,000 Buy O 12:51 69.00p 1,500,000 £1,035,000 Buy O
justiceforthemany
17/10/2017
12:57
IC has a buy recommendation.
rathkum
17/10/2017
12:26
Some confident buying here today. Yesterday's fall totally overdone but good buying opportunity imo.
nigelmoat
17/10/2017
08:24
Justice...... They are trading at around book value - including massive goodwill in the balance sheet! Deduct intangibles and consider what deficit value there should be in Civils, and you will see that the implicit good will at which these shares trade is massive. Price to TNAV is more likely 300%+. This also imply that the gearing is far too high at ca 200% of TNAV - a clear warning signal. If you look at the lousy price they got for the Agro business, you will see that L&B is more likely to repair their balance sheet by issuing new equity at dilutive terms, than being able to raise good money for their remaining assets. There are indeed some really good and well run businesses in there, however if these are sold to raise funds, profits will be eroded. A vicious circle indeed.
baner
16/10/2017
15:29
Given it is now trading at book value and on a P/E of just 10 with a nice 5% dividend I would say all three are solid buy signals. Could easily see 90p-100p here.
justiceforthemany
16/10/2017
14:49
Broker Peel Hunt still reckons L&B's a 'buy'. It lowered its price target by 9% to £1, but that still suggests upside of around 55%. It managed to bounce back from 2014's travails within the year. Can it do the same again? Judging by the share price chart, expect a bumpy ride.
rathkum
16/10/2017
10:50
Actually in the 6 months to May 2017 Civil Engineering contributed nothing and in the full year 2016 it was £4M which was <10% of profits. This is now trading on a P/E of just 10 and yielding around 5%
justiceforthemany
16/10/2017
09:13
I've read the accounts now and I'm puzzled over the statement over the lack of improvement in working capital in civils due to adverse product mix. It really doesn't make sense to me unless they have a pile of specialist stock they can only use on large projects which is sitting around and not shifting at all (or they have a manufacturing unit which is inflexible in it's output). tbh I perceive an 18% fall as overdone but 65p hasn't yet hit my "go long at a stupidly low price rule". I may be tempted once I've done more research
cc2014
16/10/2017
09:10
If they sold the interiors & transportation division they would / should recoup most of the current market cap imho.
eastbourne1982
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