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
  +1.00p +1.43% 71.00p 67.25p 71.50p 71.00p 69.00p 70.25p 15,022 08:04:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 400.0 17.7 4.2 16.8 234.00

Low & Bonar Share Discussion Threads

Showing 1201 to 1225 of 1225 messages
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DateSubjectAuthorDiscuss
17/10/2017
16:28
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
15:19
£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
13:57
IC has a buy recommendation.
rathkum
17/10/2017
13:26
Some confident buying here today. Yesterday's fall totally overdone but good buying opportunity imo.
nigelmoat
17/10/2017
09:24
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
16:29
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
15:49
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
11:50
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
10:13
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
10:10
If they sold the interiors & transportation division they would / should recoup most of the current market cap imho.
eastbourne1982
16/10/2017
09:55
Fair points. Hardly the end of the world but I think there is a concern that once this is sorted there will be 'something else' next year to knock the share price
meijiman
16/10/2017
09:50
The above illustrates the proportion of the C E business which is the sector which indicates cause for concern in todays update. Hardly merits the 18% drop in the share price IMO.
mortimer7
16/10/2017
09:48
johnsoho - to back up your point: This info extracted from last full year results by sector Op.Profit / Revenue £10.9m £ 73.4m Building & Industrial £ 4.2m £ 90.8m Civil Engineering £ 8.7m £129.8m Coated Technical Textiles £17.1m £106.0m Interiors & Transportation £40.9m £400.0m
mortimer7
16/10/2017
09:45
I also like this bit of news from the Trading statement ‘Raw material prices in the second half have been influenced by a number of factors, including the impact of the hurricanes in the US, and have remained at elevated levels rather than reducing as anticipated at the half year. Robust actions to recover this incremental cost through price increases have been taken in all business units along with cost saving initiatives, which have together reduced the impact on margins.’ So presumably the margins these businesses are making must still be fairly ok? As I said earlier I think it’s just a typical market over reaction and the price will recover much of today’s share price markdown over the course of the next few days. No advice intended.
johnsoho
16/10/2017
09:30
Trying to run my ruler over this quickly. £149m debt on a £400m company is fine is you're making £30m a year but is a problem if the profit drops. Can't figure on a 5 minute look why the profit isn't flowing into terrible negative cashflow. Is that about the state of it?
cc2014
16/10/2017
09:24
I think the share price drop is a typical market over reaction particularly when the Trading update ends with these words ‘The Board continues to expect the Group to show good progress overall for the year to 30 November 2017.’
johnsoho
16/10/2017
08:47
Pathetic stuff from a serial disappointer.
meijiman
16/10/2017
08:37
This looks increasingly problematic. Balance sheet not strong, another division now below targets......they took a large book loss disposing of one business unit recently.......any more skeletons coming out soon? For how long will shareholders be patient with current management? Next stop 50p. If that.
baner
10/10/2017
16:09
Yes, but it still feels there is support here. I wouldn't be surprised to see a late reported buy at the end of today.
ed 123
09/10/2017
13:06
Very short honeymoon!!!
rathkum
06/10/2017
18:45
Felt I was not alone in topping up recently. :-)) Yes, see what Monday brings. Most likely nothing, though. No problem. On current knowledge, I would be happy to hold here for 3 years or so and let the market price its progress.
ed 123
06/10/2017
17:53
Yes very interesting last five minutes trading. See what Monday brings. Glad I topped up quite aggresively in the 77p-79p range. This is one company I feel the market has left behind.
rathkum
06/10/2017
16:53
Someone was keen at the end of today. Share price rose by 5.5p in the last five minutes. :-)
ed 123
22/9/2017
16:08
Dividend payment today. Quiet time of year here (year end 30th November). They seem to be on track. I see LWB as a buy and hold for medium term. Next two years should produce good profit growth, due to recovery in coated technical textiles division, increased production capacity in US and China, and healthy markets (eg. Europe finally picking up growth).
ed 123
18/8/2017
16:56
I just hope they get paid! ;)
keyno
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