Low & Bonar Share Discussion Threads

[lennonsalive] 19/6/2012 16:20

Hermes reduced from 8 to 6%

[philanderer] 18/6/2012 16:51

12.5m in three chunks sold at lunchtime @ 52p !

Just watching at present.

[drewz] 12/6/2012 08:40

Thanks for that, Phil.

[philanderer] 11/6/2012 20:15

11th june 2012

Edison Investment Research:

Trading Update for Low & Bonar (LWB.L)

Progress reaffirmed

The H1 trading update reinforced revenue and profit progress established in Q1 and reassured that Europe has not been a drag on existing guidance, which remains intact. Concerns here have led to recent share price softness, which looks overdone. The strategic roadmap has been well explained and updates on new product development and regional expansion should be forthcoming with the interim results scheduled for 17 July.


Low & Bonar Trading Update

More of the same from sector exposures year to date

Across the six sectors served by Low & Bonar, market trends appear to be consistent with recent updates. Specifically, civil engineering (fibres, textiles and mats), industrial and building products are performing strongly, flooring (carpet and tile backing) and transport remain solid while leisure (including grass yarns) is still weak. This mix should benefit overall margin development. Despite euro weakness (Western European sales, ex UK, account for c 55% of sales) 2012 guidance is intact.

Estimates unchanged

Our 2012 estimates include 3.9% revenue and 9.5% EBIT growth (ie margin +40bp to 8.5%) and we remain comfortable with this. The acquisition of Xeroflor in March will modestly accentuate the usual H2 trading bias this year (c 40:60 in 2011). The usual seasonal pattern is for a working capital outflow – and uplift in net debt – towards the end of H1, building into a stronger H2 selling season; this looks to be repeated this year. We expect Low & Bonar to be cash positive overall in 2012.

Valuation: Sell off overdone

Low & Bonar has sold off on its euro exposure (as has BPI but not RPC), although this update suggests the market is ahead of itself on this issue. On our estimates, a current year P/E of 7.7x, falling to 7.0x in 2013 and a good prospective yield of 4.4% yield (c 3x covered) is an attractive entry point for a company with this growth profile. Management is delivering; the sell off is overdone.

[philanderer] 31/5/2012 23:55

Daily Mail market report..

'..Industrial fabric maker Low & Bonar rose 3.75p to 53.5p after saying it expects first-half sales and profit to be comfortably ahead of last year..

Read more:

[philanderer] 31/5/2012 11:36

Couple of reiterations today..

31st may Peel Hunt hold tp 63p
31st may Canaccord buy tp 72p

[tom111] 31/5/2012 11:08

Too easy to get carried away the big picture is what counts,the time is coming soon when Europe will have to act then only then we will see a major relief rally and hopefully propel LWB forward

[drewz] 31/5/2012 10:13

Got to be a strong 'buy and hold' over 5 years.

Can't understand why brokers covering it are 'neutral' on the stock at present.

If management continue to execute like this the share price will be back above 150p and the divi c.8p by then, imho.

[philanderer] 31/5/2012 09:48

Morning tom.

Lots of quality companies not recognised at present.

[tom111] 31/5/2012 09:45

shame the markets bad otherwise they would be 75p now

[philanderer] 31/5/2012 08:24

Half Year Update

Low & Bonar PLC ("the Group"), the international performance materials group, today publishes a trading update for the half year to 31 May 2012.

The Group is trading well and for the half year expects sales and profits to be comfortably ahead of last year. This will be the fifth consecutive half year of profitable growth. Despite the weakness of the Euro, the Group expects full year results to be in line with expectations.

The Group will report its interim results for the six month period ended 31 May 2012 on 17 July 2012.

[philanderer] 21/5/2012 12:47

And chartwise it looks like 40p next stop :-S

[philanderer] 18/5/2012 18:15

You got your 55p finally drew, well done.

[jaws6] 17/5/2012 13:23

now RRL and RMP news ,got none
some lost out on stop loss with cfd .s bet ???

[drewz] 17/5/2012 13:04

Patience is so often a virtue in this game.

[philanderer] 03/5/2012 16:43

just 17k traded today !

[philanderer] 02/5/2012 08:53

700k and 702k @ 58p 'o' trades showing probably from yesterday - definitely an overhang but maybe nearing an end ?

[philanderer] 01/5/2012 12:20

719k @ 58.12p 'o' trade showing ...looking more and more likely there`s an overhang.

drewz , you may well get your 55p soon.

[philanderer] 30/4/2012 20:21

Couple of late 'o' trades showing - 750k and 540k @ 58.88p ... could even have been from last week.

[philanderer] 27/4/2012 12:01

Weirdness continues.

60p 'bid' being hit every time this morning with around 100 shares 'AT' sell

4 times so far.

[philanderer] 26/4/2012 16:45

Very strange end to the day

3 x 1318 'AT' sells knocking the share price back ending at 57.25p - 59.25

UT: 475 @ 58.25p

[philanderer] 26/4/2012 09:11

Total so far today :-D

1 share 'AT' buy @ 60.5p.

edit:

529k @ 59.75p 'o' trade showing now.

[philanderer] 25/4/2012 16:53

Only 4,383 shares traded today !!

[drewz] 24/4/2012 16:56

I'm waiting to buy at 55p before the next leg up.

Just need a few more weak sessions before RSI hits 30, then it'll turn.

[philanderer] 24/4/2012 16:52

And back to just 17k shares traded today, 2nd lowest of 2012