Low & Bonar Share Discussion Threads

[cc2014] 04/7/2019 08:08

Someone keen to buy. Very strange for this early in the morning.

[escapetohome] 03/7/2019 17:09

I topped up today.

[cc2014] 03/7/2019 16:43

only 1.2m left now. lol. mind you that's only £80k which a fund would rip off in a minute if they were in the mood.

[dplewis1] 03/7/2019 16:32

Yikes, there's that auction order you mentioned.. 1,175,635 on the ask at 6.7

[dplewis1] 03/7/2019 15:12

Yes fun and games here. Now another offer has joined the iceberg at 6.7. I think I'll hold off buying for now and watch the book at the auction and try and get more colour

[cc2014] 03/7/2019 14:55

And now we have a buy algo taking hte 7560 out exactly every two minutes. I'd say the cork is primed and ready to pop but that don't mean it won't fall back to 6.20 first at cop.

[cc2014] 03/7/2019 14:47

If it's of any help the same 7560 was at 6.20 late last night. The same iceberg that was trying to shift 1.7m shares last night. My sense it's one trader against the whole market.

[dplewis1] 03/7/2019 14:36

Actually looking at it there's clearly an iceberg on the offer with a display size of 7,560 .. wonder how much is behind

[dplewis1] 03/7/2019 14:30

Have been monitoring this one for a while and keep holding off taking a position. The book is all over the place, seem to be algos battling each other to see who blinks first..it's really quite odd. There's only a small amount left at 6.7, then 14k ish at 6.76 and then 30k at 6.94. It's a complete car crash chart but I'm very tempted for a punt!

[cc2014] 03/7/2019 12:10

And then less than one minute after my posts someone wipes out all the bids on the book! We are getting there though.

[blueball] 03/7/2019 12:03

Recovery on its way.

[cc2014] 03/7/2019 11:56

I can't make head nor tail of it except that the share price is too low.

Someome was trying to sell 1.7m shares in the closing auction last night at 6.20. Unsuccessfully obviously. Have they gone away/decided to get a better price/realised they were selling them at a crazy price? or will they come back in the last half hour of the day? who knows?

But at least it's good to see it going up even if it does get bashed down later on.

[justiceforthemany] 03/7/2019 11:33

Sudden jump today.

[justiceforthemany] 29/6/2019 09:31

Positive news from the G20. Looks like a trade deal of sorts. This should rise next week. On hope more than anything.

[ed 123] 29/6/2019 00:08

Yes, Justiceforthemany. If I could come back as anything I liked in a 'next life', I'd choose to be a market maker. ;-)

Moving on, are the US and Europe about to clash over Instex? The disagreement is centred on Iran, so Low and Bonar won't be directly affected. Thinking about the trade hostilities more widely, could isolationism could play beneficially for LWB? Could it hamper some of the overseas competitors and give LWB a bit of breathing space?

[justiceforthemany] 28/6/2019 17:59

Very strange how the bid suddenly collapsed from 6.8p to 6p in the last 5 minutes. Massive swing on low volume. People buying at 6.8p but selling at 5.7p?

[justiceforthemany] 28/6/2019 11:25

Large spread again. G20 outcome V. Important.

[baner] 27/6/2019 21:55

...and i wonder who is selling big volumes at this bombed out price. who ever, they made a BAD decision buying the shares in the past, and they are now making a BAD decision dumping the stock at 1/3 of TNAV and a prospective PER of less than 4.

[justiceforthemany] 27/6/2019 16:21

Volume remains high but share price static. I wonder whether Sterling and Co are about to make a low ball bid.

[baner] 27/6/2019 14:37

looking at the Memo issued in relation to the recent fund raising, the TNAV is today ca £125m or ca 18p/share. this may be reduced somewhat with the sale of the Civils business, however some provisions have already been made. the market cap is accordingly ca £80M below the TNAV - a massive discount that no doubt should tempt predators to have a go at LowBonar. if and when Civils is sold, the gearing will be acceptable and we should see the shares bounce back substantially. 15p should not at all be unrealistic - i.e back to the recent issue price. why someone is bothered selling out at 6p-ish is a mystery to me.

[justiceforthemany] 26/6/2019 13:18

1M buy gone through at 6.25

[justiceforthemany] 26/6/2019 12:21

Applying the standard 30% premium for M&A gets us to 8p. Shocker.

[justiceforthemany] 26/6/2019 12:19

Not seeing any buying from Sterling or Luxunion. Interest cover margin too narrow for my liking. China deal imperative.

[cc2014] 26/6/2019 09:35

The most amazing thing is that we haven't seen one single RNS about anyone reducing holdings. Presumably someone wants out on a protected transaction of some sort.

I sense for what it's worth this is the bottom. There are buyers but they seem to be fighting a large seller who I think is getting worn down.

[escapetohome] 26/6/2019 09:03

Turnover 423 million

Market value one tenth of turnover.