Share Name Share Symbol Market Type Share ISIN Share Description
Low & Bonar LSE:LWB London Ordinary Share GB0005363014 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 60.20p 60.20p 62.20p 60.20p 60.20p 60.20p 26,754 16:02:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 446.5 -19.7 -5.9 - 198.53

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Date Time Title Posts
23/2/201815:02Low & Bonar Plc1,217
09/7/200716:36...i have followed this donkey from lowlands of still can double...8
31/7/200518:57Low & Bonar for the asset sensitive120
21/4/200411:05Low & Bonar + 30 Ј million contract4

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Low & Bonar Daily Update: Low & Bonar is listed in the Construction & Materials sector of the London Stock Exchange with ticker LWB. The last closing price for Low & Bonar was 60.20p.
Low & Bonar has a 4 week average price of 54p and a 12 week average price of 52p.
The 1 year high share price is 91p while the 1 year low share price is currently 52p.
There are currently 329,776,120 shares in issue and the average daily traded volume is 505,397 shares. The market capitalisation of Low & Bonar is £198,525,224.24.
cc2014: I'll try something more subtle then. I love this share because only 5% of it's business is in the UK and that works for me to diversify my portfolio. I have access to far greater GDP growth than the UK at what seems to be a really bashed up share price where the dividend stream of 5% should put a floor under it. Downside is limited- say 7p. Upside is I don't know 90p+ PCA with Chair buys 50k at 62p so that gives me assurance too. All product manufactured in the region it's sold, all loans in currency where it's sold. What's not to like? Oh and 150k unfilled in closing auction last night at 60 which I assume is Sterling still collecting. It's good news that they continue to collect stock now they have a NED on the Board.
ed 123: CC2014 Well, with technical reasoning I suppose it reached 53p because that was the level at which the (unknown) institutional investors met the buy price of Sterling. Emotionally, there was fear that the warning update could have been the start of something bigger and I guess 53p was the expression of the worry. It's a shame they didn't put more detail into the warning. Could they have given their estimated debt to ebitda ratio? Could they have mentioned the £12m pension gain? Such comforts would have reassured holders. The selling might then have been less and the share price might not have dipped below say 60p? Justiceforthemany 90p? Maybe one day but it will need to show stability of earnings first.
cc2014: I'm surprised by the strength of the rise based on what I read this morning. I guess having the CFO becoming CEO meant the company has been working hard on its strategy and you can see that in the RNS. Besides that, it kind of said the dividend was secured for years at the current rate, the pension fund improvement was surprisingly good and well things haven't got any better or any worse since the previous update. I can't say I understand the strength of the rise but there again I didn't understand why it was 53p in the first place, or indeed 65p for that matter. It will be interesting to see how fast the share price rises. Alot of volume went through at 53,54,55 although many of the sells at 55 I think came from short term traders that bought at 53/54.
cc2014: Curious. The share price has moved up this morning and the 89k trades so far are all sells. I sense someone is collecting stock and that most of the buyers who bought at 53-54 are happy to hold on to them. Even more curious is that no RNS has come through related to who sold all that stock down at 53 because they certainly aren't selling now.
cc2014: Quite astonishing. The seller is back at 53.0 today. He really does seem to have an endless quantity. Not much else to say because it's certainly keeping a lid on the share price. Eventually he will run out. Surely. Probably when I least expect it.
eastbourne1982: If I was running this company I'd get a rights issue done (although I would have been doing it when the share price was 80 - 90p). A rights issue at say 40p for existing holders to raise 50 million wouldn't have too much of a detrimental impact on the share price imho (currently 52.5p mid price). The debt is what is putting me off buying, I certainly won't be the only one, get the debt reduced and start moving the business forward. When I value this I'm using the market cap plus the debt to get circa 300 million, undertaking a rights issue doesn't really impact on this however it would take the debt worry away and give things a more positive and stable feel.
rathkum: I would not read too much into Brett Simpson's departure. He was obviously headhunted by Fenner which is 4x the size of LWB based on current share price. Has the market over reacted? I think so. I feel no compelling reason to sell as I see very limited downside if any.
ed 123: Ta, CC2014. :-) Your thoughts on the share trades here match my own. I have longer term hopes for this one. Brett Simpson has a vision for the Group, avoiding commodity products, aiming for higher margin products in growing sectors of the economy. The old FD is gone and Simpson now has his own choice of FD. I wasn't convinced about the old CEO. Texiplast is one of Steve Good's buys. Four years on, it doesn't look to have been money well spent. Some have said Low and Bonar is a serial disappointer. I wouldn't argue against that. I've been in and out of this share over a period of decades. I remember it when it was a packaging company, providing the boxes for Kelloggs cereals at Trafford Park, Manchester. The share price was higher then than it is today. That says something. As for the here and now, I view Low and Bonar as a development project. If the new management can get it moving forward with no more bad news, and an outlook of increasing eps, then a re-rating looks very likely, imho. If performance improves and it doesn't re-rate, then it could be a bolt-on for someone? Meanwhile there's a dividend yield close to 5% at the current price. Sterling Strategic are an interesting major shareholder. They will be in dialogue with management. Will SS be supportive and patient or want a quick turn on their investment? I hope for the former but, if the latter, I'll take it.
ed 123: Been looking at today's trades. Although nearly all today's deals have been marked as "buy"s, it is a false picture. Reason? There has been a buyer offering more than the mid-price to anyone wanting to sell. As a holder, obviously I'm hoping this buyer continues to mop up and, eventually, the share price rises. But, who knows? Low and Bonar's financial year will end one month today. Broker updates are showing an average estimate of 6.77p earnings for the current year and 7.93p for next year. If those earnings figures are met and no more glitches, then a share price of 12.5 x 8p earnings, c. 100p, might be reasonable for February 2018? Dreamland ..... if some bigger player wants LWB and offers, say, 9 x ebitda. That might give EV of c. 522 million (for y/e 30.11.17), say 392 million after debt, or 118p per share. That would be about a 68% rise from today's 70p share price. Unlikely to happen, of course, but no harm in my dreaming. (No advice intended - no crystal ball, either.)
rathkum: Broker Peel Hunt still reckons L&B's a 'buy'. It lowered its price target by 9% to £1, but that still suggests upside of around 55%. It managed to bounce back from 2014's travails within the year. Can it do the same again? Judging by the share price chart, expect a bumpy ride.
Low & Bonar share price data is direct from the London Stock Exchange
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