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% 15.45 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
15.40 15.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 317.30 -58.80 -9.72 107
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 15.45 GBX

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Date Time Title Posts
20/4/202009:50Low & Bonar Plc2,124
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 15.45p.
Low & Bonar Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 15.50p while the 1 year low share price is currently 3.82p.
There are currently 689,756,295 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Low & Bonar Plc is £106,567,347.58.
time_traveller: Not sure if the RNS is supposed to reassure or worry, as it tells us what we already know - that the application is in, but its game over without the takeover - but the share price tells me to write this one off, and if it goes through, then that's a bonus. That China is operating but the rest of the world isn't, isn't much of a consolation!
cc2014: The monetary value of the volume though is small. So, far today 100k shares gone through which is £11k It's Arena vs the rest of the market right now and has been for over a month. I think they started with about 1.5% of the total share capital and it's taken them well over a month to get to half that. I'm sure they will keep going until they have finished. Arena are trying to get out without disturbing the price too much and are having far more success than I thought possible. It would be my guess based on trade flow that once they are finished the share price will start rising. At the current rate that's going to take over a month.
kinwah: Presumably as the company still has to fulfil its obligations as a premium listed company, while we are waiting for the merger clearances we can still expect trading updates. Last year there was a trading statement on 14th December so we might get one next Friday afternoon at about 6pm. I'm not sure a trading statement would make much difference to the share price unless there was a warning about liquidity and a threat to going concern. It all now rests on the CMA and other competition authorities as to whether shareholders get their 15.5p or it ends in disaster. Good luck to any remaining shareholders!
cc2014: Sterling and Christopher Winn adding. Share price suggest some are getting increasingly nervous about the offer.
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.
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)
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?
Low & Bonar share price data is direct from the London Stock Exchange
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