Low & Bonar Share Discussion Threads

[philanderer] 07/8/2012 16:51

57p - 59p

16,000 shares traded for the whole day :-S

[philanderer] 07/8/2012 08:45

Outrageous quote :-D

57.25p - 60.25p

no shares traded yet of course ;-)

[philanderer] 06/8/2012 16:43

friday close : 58.5p - 59p

monday close : 57p - 60p

crazy :-)

[philanderer] 06/8/2012 13:54

Last week`s trend continuing.

No interest here again , barely 6k traded ... 58p - 60p

[philanderer] 03/8/2012 20:41

Agree drew, good company, good management.

[drewz] 03/8/2012 17:17

LWB continues its peculiar counter-cyclical trading behaviour: it pops up on market down days and tails off on market bounce days.

So long as it keeps grinding higher and maintaining a progressive dividend policy. Slow and steady wins the race.

[philanderer] 03/8/2012 16:32

A disappointing day.

Never looked like joining in the market bounce.

[philanderer] 02/8/2012 17:11

Thanks drew, will do. I`ve just popped them on my watchlist.

I know TClarke as a business quite well. My company sub contracted to them on a few works in the 1980`s

[drewz] 02/8/2012 14:21

phil, keep an eye out also for Tommy Clark engineering, CTO; should be a prime recovery play as the construction sector picks up over coming months. Interims out next week.

[philanderer] 02/8/2012 11:49

5 shares traded this morning :-)

[philanderer] 30/7/2012 16:45

And again the only red share on my screen. Just drifting down on almost no interest... barely 25k traded today.

[philanderer] 26/7/2012 16:45

It`s a real struggle to get back up over that 60p :-)

Still, a better day and LWB the only red one on my monitor today.

[philanderer] 25/7/2012 12:56

overhang cleared ?

[philanderer] 23/7/2012 10:11

Spain's De Guindos (Minister of Economy) rules out full scale country bailout ..

I think we`ve heard that before from a different country ;-)

[philanderer] 23/7/2012 07:48

Market looking ugly at present

FTSE fut -55 and the euro below $1.21 .... not good.

[philanderer] 20/7/2012 15:26

Ten year Spanish yields hit euro era record of 7.309%

Looks like our seller is still with us here as well.

[philanderer] 20/7/2012 11:14

Euro dump on Spain problems... 10year now at 7.1%.....EUR/USD $1.223

[philanderer] 19/7/2012 15:48

Agree drew :-)

I see Aberforth have gone below 12% and it looks like we still have a seller about today. Could still be them ?

About 95% of today`s 600k look like sells to me.

Could do with some cosolidation around this level now.

[drewz] 19/7/2012 12:07

Garry White (Questor) is utterly useless at share forecasting; shares invariably move in the opposite direction from his predictions. So thank goodness he didn't say LWB is a 'buy'.

[philanderer] 19/7/2012 11:21

No probs 2walwen..... we could do with that euro a little stronger, still under $1.23 after a poor spanish bond auction this morning.

[2walwen] 19/7/2012 09:31

Once again thanks for all the info.philanderer.

[philanderer] 19/7/2012 08:47

'Questor share tip: Low & Bonar a now hold'

Low & Bonar's business is proving remarkably resilient.

19 Jul 2012

£59.5p -1.5p

Questor says HOLD

Industrial fabric maker Low & Bonar's 14pc increase in its interim dividend is a
confident move. But there could be currency headwinds ahead.

In the six-months to May 31, revenues rose 4pc to £183.9m, with operating profits up 9pc. Pre-tax profits, however, slid to £6.3m from £11.2m following a £6.4m pension credit last year. Stripping this out, profits were up 22pc to £6.3m.

The interim dividend was increased to 0.8p from 0.7p, but the interim is the smaller component of the full year dividend, which was 2.1p last year. The interim payment will be made on September 27. The prospective yield in the current year is 4pc rising to 4.5pc, which is attractive.

While macroeconomic conditions will remain challenging, lower raw material polymer prices and recent price rises for its products should result in the company meeting full-year expectations. However, the group is heavily exposed to Western Europe, which means the weak euro will hit its numbers in translation to sterling. However, most of its costs in the eurozone are denominated in euros too.

The group's earnings have proved astonishingly resilient in the face of the economic crisis. However, the shares fell 8pc following the announcement, as investors fretted about currency headwinds.

Questor last covered the shares on February 12 at 63½p and recommended investors watch and wait a few weeks to buy as they were likely to move lower. This they duly did, hitting at low of 49p in May. Although long-term prospects are sound, Questor thinks a hold rating is more appropriate.

[philanderer] 18/7/2012 08:22

Chief executive Steve Good told The Scotsman that the company was investing to build a "globally-based business" to offset weakness in Europe, which accounts for around 70 per cent of profits.

He said: "We're a leader in the flooring market in North America and Europe, and we're exploring opportunities to follow our customers into China.

"Another area is Latin America, where we're convinced that the market is going to be very attractive for the next ten to 15 years."

[philanderer] 17/7/2012 23:10

Investors Chronicle:

Materials specialist Low & Bonar ( LWB ) has produced creditable first half results with marginal improvements in revenues, margins and earnings per share.

We keep as a buy.