Low & Bonar Share Discussion Threads

[rathkum] 18/8/2017 13:31

Low & Bonar : supplies 2018 World Cup Stadium Roof

[ed 123] 07/8/2017 08:42

Is there some news out there? Heading back to challenge the previous high?

I didn't expect it to move at this time of year.

[ed 123] 04/8/2017 10:19

Looking at the trades over the past few days, I get the sense that an institution is trying to buy but there are few willing sellers at this price. Volume has been low.

Holding firmly onto mine.

[ed 123] 11/7/2017 14:37

Hi Rathkum.

I could have made a couple of suggestions for today's slip in the share price but debt level would not have been one of them.

As you'll know, the absolute debt level for any business doesn't matter. What matters is the size of the debt in relation to the size of the business. Net debt only went up by £9.5m or 6.8%, whereas revenue went up by 16.4% and underlying profit by 16.5%. So, the proportionate size of debt has actually reduced

This was confirmed within the interim statement,

Gearing at 31 May 2017 was 2.5 times (2016: 2.7 times) ...

The covenant requirement is net debt/EBITDA < 3.0. So, LWB's debt level is safe, down from last year and should go down further with the receipts from today's sale announcement.

[rathkum] 11/7/2017 13:49

Debt level seems to have unsettled the market.

[muffinhead] 11/7/2017 10:41

" we are pleased that growth continues to come as a result of our disciplined approach to sales and marketing and offering clients innovative solutions"

[ed 123] 11/7/2017 09:38

Singer downgrades to 'hold' - maybe the reason for the early selling?

Peel Hunt retains 'buy'.

[ed 123] 11/7/2017 09:23

Looking at this morning's trades, some holders appear to have exited in a hurry.

17,400 shares printed at 75p, amongst others.

I'm not selling. They are almost certain to make more progress in H2 and in 2017/18. For me, it's a growth story and paying a good dividend.

Improving the quality of the Group takes time. It is proceeding and today's announced £5.1m net proceeds will give a better return elsewhere in the Group.

Share price has recovered a bit now, 82/83p in the market (down 2.5p today).

[nigelmoat] 31/5/2017 14:58

Some good strong buys here of late. We are around 3 year highs but in my opinion prospects continue to look good.

[ed 123] 25/4/2017 15:19

Thanks, Mattboxy. :-)

Hmmm ... Epwin, yes it's going well. A good one for you. :-) I may be wrong but I've decided not to chase that one higher. We'll be into May next week. Perhaps I should be patient and wait for a market correction? We'll see.

Thanks, Rathkum. :-)

I have in mind that Low and Bonar could one day develop a new, big revenue product. Yes, I may be wishing for the same in 10 years time but, if it is to happen, I think the area of filtration is much more likely to do it than the Coated Textiles division, for instance.

I'm also holding Porvair (PRV), which is a specialist filter designer and manufacturer. It is producing steady revenue and profit growth - been a good long term one for me. A similar performance from Low and Bonar would put a big smile on my face.

[mattboxy] 24/4/2017 23:20

Possibly epwn they seem to entering a new trading range.See what u think I am a holder..

[ed 123] 24/4/2017 16:57

Hello Hvs.

Have you missed the boat here? You seem to be irritated by the rise?

Moving on, I'm a little short on investment ideas atm. Anything I should be looking at?

[poleaxe] 23/4/2017 20:53

I did not know that they made suits.

[time_traveller] 21/4/2017 10:16

Does it though? I was surprised how muted the rise was after the excellent TA, but I don't think this break out coming now can be explained by a tip by the woefully unreliable Questor. TO rumours I wonder? - Personally I bought in late last year, partly due to its attractiveness to suitors.

[spoole5] 19/4/2017 14:16

Ah ha that will explain the rise! Although questor usually the kiss of death!!!

[rathkum] 19/4/2017 11:30

Misunderstood and undervalued, buy this British textile specialist with global reach.

[spoole5] 19/4/2017 10:52

I think we'll be seeing £1 here very soon. Very undemanding valuation and lots of growth ahead, one more round of positive results will see a significant re rating.

[suetballs] 19/4/2017 10:45

Initially bought at 95p therefore could soon be back to break even.
Suet