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
  0.00 0.0% 14.10 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
14.00 14.20 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 431.90 -42.20 -14.25 97
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:30 O 6,339 13.998 GBX

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Date Time Title Posts
11/10/201912:11Low & Bonar Plc2,021
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 (LWB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-15 16:16:5114.10446.20O
2019-10-15 15:50:1614.07199,12528,009.12O
2019-10-15 15:35:0114.1017724.96UT
2019-10-15 15:28:0014.006,339887.46AT
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Low & Bonar (LWB) Top Chat Posts

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 14.10p.
Low & Bonar Plc has a 4 week average price of 6.72p and a 12 week average price of 6.66p.
The 1 year high share price is 37.90p while the 1 year low share price is currently 5.76p.
There are currently 689,756,295 shares in issue and the average daily traded volume is 1,270,765 shares. The market capitalisation of Low & Bonar Plc is £97,255,637.60.
cc2014: hmm. Well the share price continues to nudge up and the discout to the offer price seems a bit low to me. In addition the largish 500k sell order at 15.0 has in the last half hour been pulled suggesting to me it was fake, designed to try and keep the share price down and the owner was getting worried it might get filled as the number of others sellers below it on the book was getting less and less. All of which is good as I might be happy to let mine go for something over 15p now. I'm interested to see what happens once the bid reaches 15p. That's the sort of area where you might begin to think someone has got whiff of another bid. All conjecture on my part but 14.8 looks too high to me and 15.0 would be definitely too high.
baner: Kinwah I totally agree with you - a really low price realized however they have now sold the Civils for in excess of £20m in total. Net debt should now come down to below £80m. With EBIDTA of say £30m pro forma, and TNAV of £110m-ish, L&B is now out of danger financially and this should be reflected gradually in the share price. Once the dust has settled we should see the company making 1-5-2.0p/share. Unless the shares comes back to the issue price or better, i guess there will be a bid on the table in a not too distant future. At 7xebidta the equity value should be ca £130m or nearer to 20p/share. To get to 15p you would need an ebidta multiple of ca 6 which given the good quality niche businesses left in L&B should be attractive.
cc2014: 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: 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?
cc2014: 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.
time_traveller: I raised an eyebrow at the idea of a falling wedge, just formed because the chart is squeezed against the zero axis?! I can also make the copper bottomed prediction the share price will definitely not break the support at 0p! Notwithstanding that, I think LWB will be able to continue trading for several months yet, come what may - so it's not rocket science to predict that the share price will at some points during that time, spike up between the square root of F all, and the cubic foot of F all. And damn difficult and risky to trade the fluctuations profitably, when the spread and variance is usually huge. As a long term holder still holding, personally all one can do is take a philosophical interest in what becomes of this dog. What does leave a bad taste is how soon after fleecing investors for the fund raise, they came out with yet another profit warning (and I'm sure we've had far more than two since the heady days of 90p).
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)
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.)
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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