Low & Bonar Share Discussion Threads

[spectoacc] 10/7/2019 11:05

Some decent AT buyers at 12.5p first thing but yes - quiet.

[boyleslaw] 10/7/2019 11:03

Action seems to have cooled somewhat. Maybe pick up late afternoon?

[baner] 10/7/2019 09:14

preparing for a sale of the company - en bloc most likely, given the pension schemes that needs to be kept alive. 15p a realistic bid price if done soon. if later, the value will increase substantially. still a disastrous deal for Sterling! i believe the chairman has invested probably in excess of £200k at an average price per share of ca 28p.

[dplewis1] 10/7/2019 07:49

Maybe. It certainly means they aren't planning on exiting anytime soon at least

[arthur_lame_stocks] 10/7/2019 07:35

It's interesting that she has a track record in corporate transactions. Does that mean that Sterling want more or all of the business sold?

[dplewis1] 10/7/2019 07:06

Sterling sending in their own NED..

[blueball] 09/7/2019 18:24

Stay long.

[justiceforthemany] 09/7/2019 17:51

100% rise in 5 days!
The markets are truly crazy.

[dplewis1] 09/7/2019 17:17

How many days in a row has this risen, 4? It's great and everything but it's got to have a pull back at some point surely!

[boyleslaw] 09/7/2019 17:09

Well done. Good profit. I'm waiting for 15p party.

[spectoacc] 09/7/2019 16:25

Let go some more, the last likely off in tomorrow's spike :)

[justiceforthemany] 09/7/2019 13:12

hxxps://www.share-talk.com/share-talk-bulletin-board-heroes-tuesday-9th-july-2019/
Zak Mir targeting 15p over the 'next few days'

Market cap now on the verge of FTSE small cap status again - automatic entry level - those trackers will need to buy back in....

[justiceforthemany] 09/7/2019 12:43

12.5p paid.

[justiceforthemany] 09/7/2019 12:41

Stock market is full of criminals.

[spectoacc] 09/7/2019 11:53

Lol @justice, "My shares have fallen, call the cops".

Are you reporting this rise to the FCA too?

[dplewis1] 09/7/2019 11:44

Sorry..a 12 handle..although 22 would be nice!

[dplewis1] 09/7/2019 11:44

Surprised there's been no TR-1.. might see a 22 handle today

[justiceforthemany] 09/7/2019 11:28

Higher than average daily volume and it is not even midday. Offer incoming?

[cc2014] 09/7/2019 10:21

Hi Baner, I tend to be in agreement something is going on behind the scenes here as the price movement is irrationale.

OK, 6p was stupidly low given the recent rights issue and even accounting for FTSE demotion it shouldn't have gone to 6p on the volume it did. The thing is though it shouldn't be bouncing this fast unless there is a reason we don't know about. Even if we suggest a few short are closing and have got caught out a bit at the speed of the rise and now a few trackers are having to buy back in (lmao) the rise is too fast.


Someone always knows something and someone is happy enough to pay 11.5p when they weren't paying 6.2p a few weeks ago.

I think we are now reaching the point of interest though. The rights issue/OO was at 15p and after that we had a mild profit warning. Trade wars have died down a bit since. In my view the OO price of 15p was artifically depressed as the price fell far too fast before it and even days before the OO, the share price was standing 15% higher than the OO price. I know as I sold there and then bought back lower.

So, it's my view the share price should be somewhere between 14p and 20p right now which is a broad range I know. Long term I think it should be higher still.

The buy volume continues to come in and I see we are back in intraday aucion yet again as someone is trying to buy above 11.3



But the puzzle remains. Why is someone is such a hurry to buy and it is one person or competing people. To me it looks like more than one person


I'm still fairly fed up with this share. Still down significantly at 11p, but at least it's better than 6p. I still feel aggreived. At 15p I could at least shrug my shoulders.

[baner] 09/7/2019 10:03

looking good now - with 15p+/share of TNAV, a controlled debt situation following a sale of Civils and EPS of 1.5-2p/share, we should soon see L&B shares coming back to the issue price or better. the current surge in the share price indicate that there is "something cooking" here - maybe a good price received for Civils imminently - and/or a bid approach from a PE house?

[justiceforthemany] 09/7/2019 09:50

Next resistance 13.5p

[spectoacc] 09/7/2019 09:15

Agreed, have offloaded a few on the way up, a profit's a profit! Didn't expect such a quick rise, and glad it was this bottom I called and not one of the many others higher up :)