Share Name Share Symbol Market Type Share ISIN Share Description
Low & Bonar Plc LSE:LWB London Ordinary Share GB0005363014 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.28p +4.17% 7.00p 68,126 09:17:52
Bid Price Offer Price High Price Low Price Open Price
6.88p 7.10p 7.00p 6.56p 6.56p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 431.90 -42.20 -14.25 48.9

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Date Time Title Posts
17/6/201918:19Low & Bonar Plc1,830
09/7/200717:36...i have followed this donkey from lowlands of still can double...8
31/7/200519:57Low & Bonar for the asset sensitive120
21/4/200412:05Low & Bonar + 30 Ј million contract4

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Low & Bonar Daily Update: Low & Bonar Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker LWB. The last closing price for Low & Bonar was 6.72p.
Low & Bonar Plc has a 4 week average price of 6.56p and a 12 week average price of 6.56p.
The 1 year high share price is 56.60p while the 1 year low share price is currently 6.56p.
There are currently 698,756,295 shares in issue and the average daily traded volume is 1,264,855 shares. The market capitalisation of Low & Bonar Plc is £45,838,412.95.
justiceforthemany: EPS was 6.4p here not so long ago and shares at 90p! Hard to believe now. A 90% drop in share price... Sterling and Luxunion started buying in the 60's. Don't seem to be adding at 8-9p though - waiting to make an offer?
cc2014: I assume (hope) it's the last of the trackers selling as the review is 5th June (assume that's COP). I remain puzzled. This used to be valued at £300m in May 2017. Today it's valued at £65m which considering it had a £50m rights issue only 3 months ago and the company continues to make profits seems a little harsh. Ok, I know I'm talking my own book and I know with the stock market you have to be sanguine sometimes about things and also sometimes it's hard to admit you're wrong but £65m seems a bit low. I know I'm not going to get my money back. I know I'm not even going to get half of it back and with regard to that I've made peace in my own mind but I am struggling to grasp £65m. I'm not unrealistic. I consider 15p to be a fair price, probably more than it's really worth. I consider 12p to be at the very lower end of what a fair price is but I find 9.4p which is some 25% lower than that to be well too low. I therefore hope today's and maybe tomorrow's selling is the trackers and then it will suddenly cease. I can't say I have any conviction about it though. The only thing I can say is that the share price has now fallen so far it can't damage me. It would however be nice to see it go back up for a while even if it in reality makes little difference to my portfolio value. I keep it mostly at the moment for tax losses, but I'm afraid that argument is shot to pieces too as the idea is to minimise tax losses and I'll I'm doing here is maximising them. I can use all my losses here to set off against profits on other trades but I'd rather be paying more tax and making more profits.
time_traveller: It's the knock on economic effect of the trade war, affecting domestic Chinese demand (and industrial use for Chinese exports). On the flip side, oil price and cable way down. See a mend in Sino US relations, and LWB should recover (but not necessarily will)! It would be a canny move for a bidder to come in now and get it for 15p (superficially generous), but in my experience bidders normally arrive after a period of reducing uncertainties and share price gains (sometimes fuelled by rumours leaking out). So optimistically, I hope for at least a recovery to 15-20p and a bid or bids at 25-30p (my break even)...optimistically! Pessimistically, it could just be left to wither on the vine, weighed down by the debt (although with Sterling as equity investors [as opposed to bond holders], I can't see that being in their interest).
cc2014: Being on the main market or AIM is a choice by the company and defines the level of governance of the company and the listing fees. LWB cannot therefore be demoted to AIM under any circumstances. What I think you mean is that LWB will be demoted from the FTSE Small Cap to FTSE Fledgling. This now looks certain to me as LWB would require a share price around 13.5p to remain. Information here: FTSE Share Index Ranking I would suggest the selling has now largely already taken place as it's so obvious it's leaving. That's usually the pattern (Large funds sell on their own book in the knowledge it's leaving then buy them back as the trackers sell at the end thus turning themselves a lovely profit)
nick rubens: Awful seeing the share price at these historic lows. Would have liked to see some big shareholders take action as the business owners. Not specific to LWB and not knowing it's history of debt, but for all businesses in general, I would like to see a business law change where debts become a liability on senior management and directors (who took them out) in proportion to the pay they have been taking and not left solely to shareholders to be lumbered with. I see too many companies with enriched directors and eventual collapse under massive debt liabilities. To me, alot of businesses seem more like debt and equity to salary conversion schemes. Anyone think this can recover eventually? cheers NR
cc2014: Looks to me like a large sell order is being worked as the buys keep coming in but the share price isn't responding. Once the seller is finished the share price should pop up although the chances of it getting back to 16.5p look slim
time_traveller: If you put yourself in Sterling's shoes, what's the best way of extracting return on their investment? - waiting for the share price to rise above their entry price will take a very long time while it is weighed down by the debt. Assuming sterling are cash rich, if I were them, I would buy out remaining share holders at this very low price (and sterling are in a position to get the remainder at as low as 25-30p - not so; another bidder) - and with LWB freed from the debt millstone, it can finally prosper, at Sterling's hands, or with the component parts sold on at a tidy profit. They could have bought up the stock on the market during the drop from 40p, but actually the volume has been very low all the way down, and it probably suits them well to allow the share price to drift down to 14p, if that is indeed, their strategy.
ed 123: Well, if you're looking for an opposing view ..... Global macro economy is one of my concerns. Of the major trading blocks/countries only USA is growing healthily ..... and that is forecast to slow, as Trump's tax cuts annualise and impact of trade tariffs begin to bite. US long and short bond yields are closing in on each other (inversion could herald a recession). Eurozone is virtually stagnant. China's car sales fell for the first time in 6 years recently (important for macro and LWB specific reasons). LWB specifically .... LWB has been suffering from competition from Asia. Asian quality has had issues but will inevitably improve. LWB's CTT division has had its own quality problems for a couple of years. Is it finally now resolved? It had been losing customers. LWB's production second line at Changzhou has added to capacity at an unfortunate time, with China car sales declining. (Note, China sales falling due to the removal of a government subsidy on car purchases.) China's government debt is ballooning, so perhaps little chance of that subsidy coming back? The danger is that EBITDA could fall and the banking covenant ratios would then come into sharp focus. Good, Simpson and De Klerk have all had time wrestling with the issues here. Balance sheet strength and therefore capacity to recover, have gradually be draining away over the past half dozen years. Result? Concerns about viability if things worsen ... expressed as a share price of 20p. Of course I can't see into the future but, having held the shares many times over the past 30 years, I sold my last at 37p and won't be buying back unless I see some big improvement. (No advice intended and apologies to holders for my pessimism.)
cc2014: Baner, I would be most grateful if you can tone down the self-righteousness please. It's not helpful and doesn't contribute to an informed debate No-one has reacted angrily. Yes, people have chosen to disagree with you (mostly on your position that a rights issue is required), but no-one has been impolite. You clearly know a decent amount about the stock market and I for one welcome some balance as I know from other threads holding a contrarian view is not always received well. So, I'mm interested. We've hit your 20p. Have you gone long or are you still waiting? I'm still long regrettably and it's apparent from L2 and the trade flow there is one (maybe two) parties that want out at almost any price. It's hard for me to know right now why this would be. My thoughts are: 1. The low oil price will be helping polymer prices and so the share price should already have found a low and bounced (perhaps not far) 2. The inversion of the yield curve suggests negotiation of banking facilities will be at higher rates and could add say another £5m in interest costs (that's quite a pessimistic view and would imply loan rates going up about 3%). Even this is manageable although unpleasant for LWB 3. The exchange rate continues to decline which should be helping the value of repatriated pounds. 4. No directors buys - ouch Perhaps most importantly the question for me is when the seller(s) finish as clearly they must sometime, are they simply a distressed seller and the share price will bounce. The general market is covered with distressed sellers right now or sellers that whilst perhaps not distressed are selling down large stakes. At an individual stock basis these are slowly working their way through. The decision for me right now is fairly easy as I think 20p decent value. The harder decision is deciding what to do if it bounces to say 30p. I am not one to stubbornly hold onto something forever. 30p would put me in a very indecisive place. Any thoughts?
nick rubens: LWB share price is a good reminder why 'investing' is baloney alot if not most of the time. No comment from the company to reassure investors? Are things going from bad to worse on the trading outlook?
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