Low & Bonar Share Discussion Threads

[cockneyrebel] 05/7/2011 07:42

Nice results and a nice divi hike shows confidence imo - fwd PE 10 or there abouts imo, perhaps less with a good H2 and those rising imput costs now being passed on.

CR

[cockneyrebel] 04/7/2011 14:15

Nice buying today - results tomorrow.

CR

[cockneyrebel] 02/7/2011 10:59

In a related sector, we'll have some news from a small handful of construction and building supplies companies, starting with Low & Bonar (LSE: LWB), which produces high tech fibre-based materials, providing us with half-year figures on the same day. A strong recovery is expected, with full-year EPS forecast to double from last year's low point. The company's net debt figure has been falling from its peak in 2008, so we should be looking for progress there too.

[cockneyrebel] 29/6/2011 11:12

Large buying today too.

CR

[cockneyrebel] 29/6/2011 10:30

Breaking through the previous closing high today

[cockneyrebel] 27/6/2011 20:40

recent high was 69p - intraday - try a bar or candlestick chart.

CR

[stegrego] 27/6/2011 19:25

Umm CR, looks like the recent high was a tad above 65 and now they are 64. How does that constitute 'well off recent high'?
Am I missing something?

[cockneyrebel] 21/6/2011 15:32

Well off the recent high with the results approaching - gives these a fair old bit of scope imo.

CR

[cockneyrebel] 17/6/2011 13:18

Thanks Simon :-)

I think a chart like this is exciting even if IC doesn't - and I think the potential is under estimated.

Shart sharply curving up.

CR

[jaws6] 17/6/2011 07:43

Simon
Thanks.

[greenroom78] 16/6/2011 17:37

I was one of those buyers on this wak day (insert 'e' or 'n' as you see fit).

Don't know much about them so bit of a punt based on the chart.

[cockneyrebel] 16/6/2011 17:24

:-)

Watch them pile in on the next firm day V11SLR - I reckon that recent high volume and large trades was a clue.

Remember holding these about 7-8 years ago in a recovery and they absolutely set things alight with their results beating forecasts.

CR

[v11slr] 16/6/2011 15:06

I hope you meant to say 'weak'. ;-)

[cockneyrebel] 16/6/2011 14:47

Buyers taking these up on a wak day.

CR

[cockneyrebel] 15/6/2011 12:59

Well looks like that analyst presentation recently whetted the appetite for those that wanted to be in ahead of the results imo.

Screaming away today.

CR

[cockneyrebel] 15/6/2011 11:19

Chart getting a lot steeper here:

[mechanical trader] 10/6/2011 12:44

LWB Low And Bonar PLC stock looking very bullish at the moment . target share price 105p.

Medium Term Chart.



Long Term chart.



Fundies.

You will see that the historic P/E is 23.7 but the forward P/E for 2012 is only a miserly 12.2. Theirs plenty plenty of upside in this stock imo.

Low & Bonar PLC

FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt
27-05-11 BUY 21.99 5.16 1.90 26.00 6.08 2.30
Edison Investment Research
26-05-11 None 24.30 6.10 1.80 26.90 6.80 2.10
Altium Securities
25-05-11 BUY 21.40 5.10 1.70 25.90 6.10 1.90
Fairfax IS
17-05-11 HOLD 22.30 5.20 2.00 26.40 6.20 2.30
Numis Securities Ltd
08-02-11 ADD 21.20 5.00 1.76 25.10 6.00 1.94

2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 22.38 5.36 1.84 26.19 6.27 2.13
1 Month Change 0.73 0.20 0.05 0.79 0.25 0.06
3 Month Change -0.14 -0.07 0.02 0.17 -0.03 0.01


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS -2.30% 96.83% 17.05%
DPS % 41.54% 15.71%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA £38.50m £43.25m £47.45m
EBIT £18.80m £29.80m £33.50m
Dividend Yield 2.02% 2.85% 3.30%
Dividend Cover 2.09x 2.91x 2.94x
PER 23.70x 12.04x 10.29x
PEG -10.32f 0.12f 0.60f
Net Asset Value PS 9.03p p p

Interim Management Statement.



Low & Bonar PLC

Interim Management Statement

Low & Bonar PLC ("the Group"), the international performance materials group, today publishes its interim management statement providing an update on its business since 30 November 2010.

In comparison to last year, the overall demand for our products has been strong across all markets through a combination of economic recovery, new products and increased exposure to emerging markets. Raw material polymer prices have escalated further but we expect that we will continue to be able to pass through price increases, albeit with a time lag. As a result the full benefit of increased revenues will not be felt until the second half.

Performance within the Yarns business is improving and is on track to be profitable this year. The restructuring project is progressing to plan and the Ostend site will close in June.

Our joint venture in Saudi Arabia with NATPET, announced on 1 February, is being established. Construction of the production facility in Yanbu is expected to commence in the third quarter. The joint venture is well positioned to take full advantage of the high growth geotextile markets in the Middle East and the Indian subcontinent given its technological, marketing and raw material strength.

In spite of the very high polymer prices, we remain confident that the Group will deliver another year of substantial progress.



31 March 2011

[cockneyrebel] 08/6/2011 13:34

Breaking out here today?

Testing that high with the 64p bid.

CR

[cockneyrebel] 06/6/2011 11:56

breaking through that Feb high on volume today.

CR

[cockneyrebel] 02/6/2011 13:05

Moving back up.

t/s was on the 4th last year so should be tomorrow or Monday.

CR

[cockneyrebel] 01/6/2011 15:51

Testing the highs for a breakout here.

CR

[cockneyrebel] 01/6/2011 10:20

Big volume and large trades today - bit of stock clearing.

CR

[cockneyrebel] 31/5/2011 08:29

Starting to look firm again, trading update due within the week.

CR

[wakeland] 04/5/2011 17:24

Matched the recent high on a duff day.