Low & Bonar Share Discussion Threads

[spoole5] 19/4/2017 08:59

Took some yesterday at 80. Looks like just in time.

[rathkum] 19/4/2017 07:55

Low & Bonar share ‘unsustainably cheap’, says Berenberg

Plastics group Low & Bonar (LWB) will need to prove to investors that ‘production interruptions’ are a thing of the past if the ‘unsustainably cheap’ stock is to reach its potential, says Berenberg.

Analyst Ian Osburn retained his ‘buy’ recommendation and target price of 112p on the stock, which was trading down 1.2%, or 1p, at 79.5p at the time of writing.

‘It is clear that management must deliver on its strategic plans for our “buy” case to hold. It is likely that the market will have to become confident that production interruptions are a thing of the past for the stock to reach our price target,’ he said.

‘We are happy with that risk/reward profile and see time to purchase the stock running out ahead of reported results confirming the improvement,’ he added.

‘With new management delivering on its plans, we expect Low & Bonar’s earnings per share growth and dividend yield to be the highest in the sector over the next three years.’

[rathkum] 18/4/2017 11:21

Two small-cap dividend growth stocks I’m considering buying

[rathkum] 12/4/2017 12:07

This from N+1 Singer

We upgraded at the finals in early February and this update confirms that trends remain positive at the start of FY17 with expectations of c.20% PBT growth unchanged. We continue to feel that latent value can be extracted from LWB, particularly if the operational issues that have affected results in past periods can be completely resolved. We feel that this should be an opportune time to invest on a P/E of c.10.9x FY17 and, with a solid update, nudge our TP up to 85p (P/E of 12x) and retain our ....

[meijiman] 12/4/2017 11:39

Trading update is brief and to the point -but positive.

[rathkum] 11/4/2017 17:44

Very interesting day's trading. Hmmmmm with AGM tomorrow.

[droid] 07/4/2017 10:30

So, reading that, we can deduce that China sales are already up to c. £40m p.a. Not bad at all.

[rathkum] 07/4/2017 08:46

Low & Bonar to expand production in Jiangsu

[puffintickler] 07/4/2017 06:19

Presumably we'll get the TS and AGM together.

Back in profit here for the first time in a year. Not a good sign for the share price ...

[dixies] 06/4/2017 07:56

The AGM is on the 12th.

[rathkum] 06/4/2017 00:11

Due a trading update any day now.

[rathkum] 21/3/2017 08:45

Berenberg has a 112p price target

[meijiman] 16/3/2017 13:59

Let's hope its a bidder -they can have mine for £1.......

[meijiman] 16/3/2017 13:58

Let's hope its a bidder -they can have mine for £1.......

[bearhug2] 16/3/2017 13:51

3 mill trade this lunch...exciting..

[ed 123] 16/3/2017 13:10

The big volume is continuing. 5.2 Million shares traded now. That's about 1.6% of the issued total. Order book looks firm on the buy side.

It's most likely just one institution selling and another buying.

[ed 123] 16/3/2017 08:43

Be happy, BearHug2. :)

The ex-dividend date is the date which is used to decide which shareholders will receive a dividend payment. Shareholders who own shares in the company before the market opens on the ex-dividend date will receive a dividend payment. Shares bought on or after the ex-dividend date will not qualify for the dividend.

Also, note 1.1 million shares traded in the first half hour this morning. I got the sense there was an insitutional seller around in the run up to today. Maybe the 'Berenberg boost' will help clear that party?

[bearhug2] 16/3/2017 08:28

Ed isn't ex divi day today at 1630...that's why its up...Pretty sure but happy if wrong

[ed 123] 16/3/2017 08:13

Unusual to see a share price rise on its ex-dividend date. The likely reason is that Berenberg today recommended 'buy' for Low and Bonar with a target price 112p. That target is 63% above yesterday's close price.

Shares are up 2.5p atm.

[ed 123] 06/3/2017 09:58

No problem, Rathkum. :-)

[rathkum] 05/3/2017 08:05

Ed123 Your feedback would be greatly appreciated as I will be abroad at the time of the agm

[ed 123] 02/3/2017 16:47

Hmmm .... 13.7 million shares traded today. That's about 4% of the issued equity, an unusually large daily figure.

Most likely just one institutional holder selling and another buying.

As we know, the FD is due to leave. The news had only very slight impact on the share price and that was positive. I'm guessing the other board members, especially CEO, feel they can do better with a new person in that role?

Without wishing to ramp this share, I continue to see LWB as being of the right size and having leading positions in niche markets, to make it a candidate for a bid. I'm holding and can see it making good progress with the interims, including gaining from Sterling's weakness. (No advice intended.)

Anyone planning to go to the agm? I usually go.

[philanderer] 05/2/2017 00:04

Midas tip, Mail on Sunday

[rathkum] 03/2/2017 20:54

Yes, I feel the market will wait until the interims to give a long waited re-rating. In the meantime enjoy the 2p dividend with very little dowside in the share price if at all