We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lpa Group Plc | LPA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 52.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 52.50 | 52.50 | 52.50 | 52.50 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 25/01/2024 | Final | GBP | 0.01 | 14/03/2024 | 15/03/2024 | 12/04/2024 |
| Top Posts |
|---|
Posted at 21/3/2025 09:49 by baner BuywellMany thanks for your highly interesting research on potential new products for LPA - well done ! Have you at all brought your findings and ideas forward to the LPA management ? Any reaction if so ? |
Posted at 20/3/2025 17:45 by buywell3 AGM Statement reads quite well IMO" LPA Martek Power" is now the latest addition to the LPA Group If these power units are included which have only just been released by Eaton , Matek Power -- then IMO the deal looks a steal PME = Protected Multiple Earths Note With reference to buywell previous post , these P.U's are designed for HVAC use Press Release Eaton Unveils New Martek Power PME Series DC/DC Converters for Rail Applications Eaton, 10/22/2024 SOUTHFIELD, Mich. … Intelligent power management company Eaton today announced the launch of its new Martek Power PME family of DC/DC converters, specifically designed for rail applications. This new series offers highly efficient, compact chassis-mount converters that are fully compliant with the latest European rail standards, ensuring optimal performance and safety for electronic equipment used on-board rail vehicles. The PME series meets rigorous standards including EN 50155, EN 50121-3-2, and EN 45545-2. The PME Series is available in three distinct power levels: 75W (PMEL), 150W (PMEM), and 300W (PMEH). The PMEL and PMEM models feature an ultra-wide 10:1 input voltage range of 14.4 – 137.5 volts (V) direct current (Vdc), making them versatile enough to cover all nominal battery voltages within a single model. Additionally, these models offer output voltage options of 12V, 15V, or 24V. The PMEH model, available with dual input ranges of 24/36V and 72/110V, provides output options of 15V or 24V. All models in the PME Series are fully isolated, ensuring high efficiency and reliable operation in a wide ambient temperature range of -40°C to 70°C without de-rating. In addition to their robust design, all models in the PME Series include isolated output voltage monitoring as a standard feature. The 300W PMEH model also offers output current sharing, coupled with a low-loss output series device, allowing two or more converters to be connected in parallel. This enables increased system power or redundant operation, providing flexibility for rail system designers. The versatile PME Series DC/DC converters are capable of powering a broad range of critical systems on trains, including: HVAC (Heating, Ventilation, and Air Conditioning) Cab Radio Onboard Computers LED Lighting Passenger Information Systems Video Surveillance and Security Door Control Systems Traction Control Brake Systems PMEL-PMEM-PMEH-2400- “The Martek Power PME Series is designed to meet the stringent requirements of the rail industry, providing reliable power conversion solutions that are both efficient and compact. With compliance to the latest European rail standards, the PME Series is a significant step forward in enhancing the safety, reliability, and performance of on-board rail systems.” -------------------- There is now a LED that could be IMO used to supply clean purified air to passengers The LED's would be used in a generic "Killing chamber " which would be small enough to be used in the SMALLEST ducting currently in use on UK rolling stock with the use of --- multi-purpose adaptor end plates which can be tailored to each duct size in use . S3535-H 5×5 iUVC™ New Key Features and Benefits: Highest Wall Plug Efficiency (WPE) in the industry (7%), resulting in shortest irradiation times The narrow beam option delivers up to 670 µW/cm² intensity at 1m One 1x12 S6060 Array can disinfect 150 Cubic feet per minute air in situ, killing 99.9% of aerosolized staph bacteria and SARS2- COVID19 Practical 1-inch x 12 inboard configuration Reduced engineering and simplified manufacturing without the need to solder Each parallel LED string has a separate driver Constant current drivers on the PCB produce a stabilized input current to the LEDs Fixed current setting range from 0.8 and 1.4 Amps Wide and narrow beam angles are available High irradiance performance Applications： High-demand air treatment, including upper air room disinfection, air troffers, floor standing air purifiers, etc. Industrial curing |
Posted at 17/3/2025 21:58 by buywell3 In Jan 2025 LPA Group saidLPA has reached agreement with Eaton Electrical Products Limited to acquire Eaton’s Powertron business. The Acquisition includes the UK trading division and assets, including its small manufacturing capability in Cambridgeshire. The Acquisition is complementary to a number of power supply products the Company currently manufactures for the rail industry. Some of the components being outsourced by the business will in future be manufactured by LPA in Yorkshire and given LPA’s existing extensive sales network, the Group anticipates that it will increase these sales volumes over time. The Acquisition, by way of an asset purchase agreement, results in LPA acquiring fixed assets, current assets and liabilities, the employment of approximately 20 members of staff, and the business including worldwide rights to brands and product designs. The consideration for the Acquisition is in the form of LPA, taking on the obligation to settle lease dilapidation obligations expected to be due in 2026 estimated at £200,000, taking on liability for any customer product warranty claims capped at in total £150,000, and a cash payment to the seller currently estimated at c.£17,000 calculated with reference to net working capital as at 31 January 2025. A fair value exercise will be carried out following completion of the Acquisition, and it is expected that this will show that the assets have been acquired at a discount to their fair value. The Company anticipates the Acquisition will be broadly neutral to FY25 profit, and that it will make a small and growing contribution to Group profits over time with the expected increase in sales volumes. Importantly it will align with the Company’s strategy of transitioning its factories to manufacture more standardised products with decreasing reliance on New Project delivery and sales. The business the subject of the Acquisition achieved revenues for the year ended 31 December 2023 of £2.1 million, a loss before tax of £77,000, and net assets being acquired are estimated currently at approximately £565,000 (calculation excludes any accrual for lease dilapidation obligations) (all unaudited). It is expected that completion of the Acquisition will occur in Q1 calendar 2025. -------------------- The RNS today confirms the deal Now take a look at what the new CEO says about this acquisition , on the recent youtube video presentation starting at at 16 mins in -------------------- So IMO what we have bought is a small business with a turnover of 2.1 Million Employing 20 staff and lossmaking at 77K ---plus lease obligations and guarantee considerations/oblig BUT It sounds from what the CEO says , she plans for this acquisition to have much of its electronics now made inhouse at the Yorkshire Lighting and Electronics premises instead of using Poland to make it --- which was no doubt adding costs and thus making the business loss making IMO It also sounds like the lease expires in 2026 when circa 200k will have to be paid to cover dilapidation costs by LPA Group Presumably most of the 20 staff will not be needed in Yorkshire , so 2026 200k dilapidation costs and lease costs should IMO be offset by staff cost savings eg say 10 at 30k = 300k With modern equipment /production methods and existing staff training maybe only 5 staff will swing over from the existing Cambridgeshire premises when it closes in 2026. -------------------- Interestingly it seems that the 2.1 turnover has been/is being made by sales to the Rail Industry " The Acquisition is complementary to a number of power supply products the Company currently manufactures for the rail industry. Some of the components being outsourced by the business will in future be manufactured by LPA in Yorkshire and given LPA’s existing extensive sales network, the Group anticipates that it will increase these sales volumes over time. " See So IMO the 2.1 Million turnover made by Powertron was made by sales to the Rail Industry BUT At 16 mins into the video the CEO talks about these power supplies being used by Red Box at Saffron Walden , ie for Aircraft uses. So presumably Powertron sales to the Rail industry continue via existing clients and new LPA Group clients PLUS The Powertron product/s are incorporated ( with certain modifications perhaps) so they can be sold into the Aircraft Industry by Red Box sales staff as a Red Box product. If this works then the new CEO might get that 2.1 Million turnover up to 4M within a couple of years IMO. With LPA Group announcing contracts/sales of carriage interconnectors ( which use Amphenol connectors as purchased from Amphenol last year ) , things are seeming to be at last , on track. dyor |
Posted at 06/3/2025 19:22 by ansc 6th March 2024 - LPA GROUP PLC ("LPA", the "Company" or the "Group")Director Shareholding LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components, announces that it was informed on 5th March 2025 that Philo Daniel-Tran, Chief Executive Officer purchased 41,000 ordinary shares in the Group at a price of 59 pence per share on 5th March 2025. Following the above purchase, Philo Daniel-Tran is beneficially interested in 41,000 ordinary shares in the Company, representing approximately 0.30 per cent. of the Company's current issued share capital. |
Posted at 28/2/2025 05:46 by buywell3 Here is an example of how staffing costs were added"The main contributors to this were the wider economic cost pressures seen across the industry. Group employment costs increased by £0.5m to £6.7m (2022: £6.2m). The increase was primarily due to strengthening management teams at LPA Connection Systems and LPA Channel Electric." It is to be hoped that " One Vision " and the move of the 20 or so staff at Channel Electric to Saffron Walden to enable the sale of that freehold property can recoup that 0.5 Million , add another 1 Million to it Meaning LPA go into profit QED |
Posted at 26/2/2025 18:49 by buywell3 More cost cutting suggestions as the new ERP won't do it alone IMO --- more cost savings planning is neededRegarding the pending acquisition of Matek Powertron at Cambridge POWERTRON LIMITED overview - Companies House - GOV.UK GOV.UK › ... Registered office address: Glebe Farm Technical, Campus, Knapwell, Cambridge, Cambridgeshire, CB3 8GG. Company status: Dissolved. Do LPA need another 20 mouths to feed and government expenses regarding employees which have been going up and will no doubt continue ? I don't think so , staffing costs are high enough as it is So why not pick the best 3 doers only and the best technical guy. LPA have the staff already at Saffron Walden as well as the space with 140,000 square foot to go at. Taking on the lease obligations is risky " The consideration for the Acquisition is in the form of LPA, taking on the obligation to settle lease dilapidation obligations expected to be due in 2026 estimated at £200,000 " lease dilapidation is associated with " repairing leases " In the UK, "dilapidations" in a lease refers to the tenant's obligation to repair and restore the property to its original condition at the end of the lease, essentially meaning that dilapidations are directly associated with repairing the property as outlined in the lease agreement; if a tenant fails to fulfill these repair obligations, they may be liable for "dilapidation costs" to the landlord. Presumably this lease still has some years to run also = added costs for space we do not need If LPA go ahead and take on these lease obligations --- and I would like to think the new CEO is not happy/has agreed to what has so far happened before she arrived regarding the details, consider this Have Powertron made any alterations to the leased premises ? Because if they have EVERYTHING has to be put back as it was In the UK, a repairing lease is a contract that specifies the responsibilities of a tenant for repairs and maintenance. There are different types of repairing leases, including full repairing and insuring (FRI) leases and internal repairing insuring (IRI) leases. Full repairing and insuring (FRI) leases The tenant is responsible for all repairs, maintenance, and insurance for the building FRI leases are common for commercial spaces in England and Wales The landlord passes the costs of repairs, maintenance, and insurance to the tenant Internal repairing insuring (IRI) leases The tenant is responsible for repairs, maintenance, and insurance for the internal parts of the building IRI leases are common for buildings with multiple tenants Tips for repairing leases Understand the condition of the property before signing the lease Use a Schedule of Condition to limit your liability for repairs Get professional advice from solicitors and surveyors If the landlord refuses to fix things, remind them that they could be in breach of the tenancy agreement At the end of the lease, the landlord may inspect the property and prepare a schedule of dilapidations. This lists all repair wants in the property and expected costs. This seems a wishy washy deal and the seller needs to change his demands IMO or move on and let them get another buyer. Too many strings attached Why are they selling anyway ? Who wants to acquire a lease with issues, a company making a loss , and 20 staff ? Have they got another new product lined up being made elsewhere ? dyor Addendum : Regarding 20 extra staff LPA do not need as costs are currently a BIG issue IMO LPA Group had 2 ERP systems before the new one was installed with the associated costs IMO this might help in some aspects BUT does not sort out the root cause of the problem which is overstaffing in 3 different freehold locations. So LPA need to cut their cloth to save costs. Times are changing and costs are rising There is 140,000 square feet of space at Saffron Walden ---- space that can be changed easily and quickly ( modular/pods ) as the new CEO says in the podcast . The CEO should be looking at planning relocating the work of one LPA former Division into Saffron Walden and then selling the freehold. Property and Commercial property prices are IMO set to fall . |
Posted at 26/2/2025 04:23 by buywell3 Regarding the pending acquisition of Matek Powertron at CambridgePOWERTRON LIMITED overview - Companies House - GOV.UK GOV.UK › ... Registered office address: Glebe Farm Technical, Campus, Knapwell, Cambridge, Cambridgeshire, CB3 8GG. Company status: Dissolved. Do LPA need another 20 mouths to feed and government expenses regarding employees which have been going up and will no doubt continue ? I don't think so , staffing costs are high enough as it is So why not pick the best 3 doers only and the best technical guy. LPA have the staff already at Saffron Walden as well as the space with 140,000 square foot to go at. Taking on the lease obligations is risky " The consideration for the Acquisition is in the form of LPA, taking on the obligation to settle lease dilapidation obligations expected to be due in 2026 estimated at £200,000 " lease dilapidation is associated with " repairing leases " In the UK, "dilapidations" in a lease refers to the tenant's obligation to repair and restore the property to its original condition at the end of the lease, essentially meaning that dilapidations are directly associated with repairing the property as outlined in the lease agreement; if a tenant fails to fulfill these repair obligations, they may be liable for "dilapidation costs" to the landlord. Presumably this lease still has some years to run also = added costs for space we do not need If LPA go ahead and take on these lease obligations --- and I would like to think the new CEO is not happy/has agreed to what has so far happened before she arrived regarding the details, consider this Have Powertron made any alterations to the leased premises ? Because if they have EVERYTHING has to be put back as it was In the UK, a repairing lease is a contract that specifies the responsibilities of a tenant for repairs and maintenance. There are different types of repairing leases, including full repairing and insuring (FRI) leases and internal repairing insuring (IRI) leases. Full repairing and insuring (FRI) leases The tenant is responsible for all repairs, maintenance, and insurance for the building FRI leases are common for commercial spaces in England and Wales The landlord passes the costs of repairs, maintenance, and insurance to the tenant Internal repairing insuring (IRI) leases The tenant is responsible for repairs, maintenance, and insurance for the internal parts of the building IRI leases are common for buildings with multiple tenants Tips for repairing leases Understand the condition of the property before signing the lease Use a Schedule of Condition to limit your liability for repairs Get professional advice from solicitors and surveyors If the landlord refuses to fix things, remind them that they could be in breach of the tenancy agreement At the end of the lease, the landlord may inspect the property and prepare a schedule of dilapidations. This lists all repair wants in the property and expected costs. This seems a wishy washy deal and the seller needs to change his demands IMO or move on and let them get another buyer. Too many strings attached Why are they selling anyway ? Who wants to acquire a lease with issues, a company making a loss , and 20 staff ? Have they got another new product lined up being made elsewhere ? dyor Addendum : Regarding 20 extra staff LPA do not need as costs are currently a BIG issue IMO LPA Group had 2 ERP systems before the new one was installed with the associated costs IMO this might help in some aspects BUT does not sort out the root cause of the problem which is overstaffing in 3 different freehold locations. So LPA need to cut their cloth to save costs. Times are changing and costs are rising There is 140,000 sqare feet of space at Saffron Walden ---- space that can be changed easily and quickly ( modular/pods ) as the new CEO says in the podcast . The CEO should be looking at planning relocating the work of one LPA former Division into Saffron Walden and then selling the freehold. Property and Commercial property prices are IMO set to fall . |
Posted at 25/2/2025 03:37 by buywell3 See the other thread.This post is buywell's musings upon the now closed LPA Group defined pension scheme I am sure that this subject has been discussed in the past --- here are my thoughts Currently this scheme which was closed 20 years ago , has 110 members See the CFO say this on the investor meets company youtube video ( link on other thread ). The CFO also says this defined pension scheme was closed 20 years ago on the video. The CFO says that this closed scheme has an actuarial surplus of 3.8 Million , which is a 41% increase from last year, a rise of 1.1 million from 2.7 Million surplus in 2023. What is an actuarial surplus ? An actuarial surplus is the amount of money a pension plan or insurance company has in excess of its estimated future liabilities, meaning it has more assets than it needs to pay out all future benefits to its beneficiaries, essentially representing a "financial cushion" for the plan; it is calculated by subtracting the present value of future liabilities from the current value of the plan's assets. Now from what I have read and remembered , regarding this now closed defined pension scheme which currently has 110 members ---- chew on this: 1. From what I have read there were circa 150 members in this LPA defined pension scheme in 2020 --- there are now only 110 members. 2. Does it follow that most of the members in this defined pension scheme that was closed 20 years ago were aged around 60 to 65 ? I don't know 3. Since 2020 40 members have passed. Presumably Covid-19 took quite a few. 4. Covid-19 is still with us as are new flu bugs every year and the NHS and waiting lists get ever longer , so , things are not getting better are they ? Would it not therefore be reasonable to assume that most of those 110 members receiving pensions from the closed LPA Group defined pension scheme are no aged between 80 to 90 years of age ? Can you see where buywell is going here It would seem in about 5 years from now there could be only around 40 to 50 members left --- which would mean that LPA defined pension scheme surplus could be going up by millions of pounds each and every year as payments to surviving members crash. Eg say members now get circa 25,000 a year defined pension payment 25k X 110 = 2,650,000 pounds Assuming a 5% increase every year for 5 years 25k would be just over 32k So 32k x 40 members = 1,280,000 pounds This would mean defined benefit scheme pay-outs had reduced by over 50% whilst the value of the assets in the defined benefit scheme itself should have grown. I believe I have recently read that the value of these assets is 17M pounds as of 2024 , can someone confirm this. Conclusion When there are only 5 members being paid a defined pension in say 10 years from now ie aged circa 90 to 95 , and outgoings in payments = circa 41k X 5 = 205,000 pounds What would the defined pension scheme likely be worth ? If it is 17M now ---- and this grows at a conservative rate of say 4% a year ( since LPA management took the decision to de-risk the scheme back in 2022 ) could this be worth over 25 Million pounds ? What happens when there are no members left alive to pay ? Regarding the actuarial surplus of 3.8M which grew 41% last year One would assume that this actuarial surplus will keep growing as the number of members being paid decreases So if 40% is the new norm , then over 10 years from now this could be 118,000,000 pounds Yes that is 118 Million pounds Who will own this money which is shown on the LPA balance sheet ? dyor |
Posted at 24/2/2025 18:38 by buywell3 The CEO came across quite well IMO and the video is worth a look.LPA Group under her leadership become " One Vision " and NOT different Divisions as it is now --- so expect a new website soon IMO I hope that Hill Helicopters sales take off as LPA Group have been involved with developing some aspects of their new helicopter for which a test flight is imminent. She said if sales do take off, then it could provide decent orders for LPA Group for 5 to 10 years ( ie the life span of the current model ) AI says: Hill Helicopters are actively developing their HX50 model with a large order book, reporting strong sales and aiming for a first flight in 2025 with ambitious production plans for the coming years. Key points about Hill Helicopters: Strong sales: They claim to have a significant number of pre-orders for their HX50 helicopter, with over 1,200 aircraft sold across different variants. Production focus: The company is currently focused on building their production facility and developing the necessary technology for the HX50. First flight timeline: Hill Helicopters is aiming for a first flight of their HX50 in 2025. Another thing she said was that the power supplies being made by the very latest LPA acquisition target --- have their electronics made in Poland. No talk about the lease/costs on that new company however and it is not yet a done deal. She said that will cease and the electronics will be made and IMO probably redesigned/improved in-house at the Electronics part of the company PLUS Some of the power supplies can be utilised by recent Red Box acquisition and further new power supplies designs could follow. Re-naming the company divisions to get things under one umbrella organization IMO Will these lead to a few less staff ? As will the recent spend on implementation of an ERP system which presumably needs to be constantly fed with data and the results used and acted upon. For a successful ERP system, data inputs are needed continuously and in real-time across various business processes, meaning data should be entered as transactions occur to maintain accurate and up-to-date information within the system. To run a successful ERP system, key data inputs include: Customer information (sales orders, preferences), inventory levels, supplier details (purchase orders, delivery schedules), financial transactions (payments, receipts, budget allocations), employee data (personal details, payroll), and details related to manufacturing processes (materials, production schedules) depending on the business needs, all of which are collected from various departments within the organization to provide a comprehensive view across the company. Somebody needs to be in charge of this ERP System eg the CFO The CEO needs to be given weekly printouts to see the ERP system is earning its corn Ditto for the CRM System Customer Relationship Management. This is a system of software that helps businesses manage and improve relationships with their customers. CRM can help businesses increase sales and revenue. Only as good as the quality and quantity of the input data IMO Likewise on how the results are acted upon --- presumably the CFO runs this also. A couple of things from the CFO LPA Group owns 3 freehold properties currently on the balance sheet at 3.7 Million GBP In 2024 these were revalued at 5.1 Million GBP On the old pension fund which was closed some 20 years ago and has 110 members in it This increased by 1 million pounds in 2024 to over 3.8 million Does the money belong to LPA Group as it is on their balance sheet ? From 2024 LPA Finals: "Included in our Balance sheet is an asset representing the actuarial valuation, as at 31 March 2024, and the consequent accounting adjustment, for our (closed) defined benefit pension scheme. The rebalanced investment portfolio put the scheme in a very strong position, and this is continuing As I am no longer chairman of the Trustees I can be more objective as your chairman concerning the overall strategy of the scheme on our balance sheet; including the timing of any exit way from the fund and when are we best placed to consider the timing of a buyout process. The government are recognising that there is work to do in this area and a number of discussion documents are out for consultation in the public domain." This is interesting: The UK Government in Jan of 2025 have announced " consultation on pensions reform hopes to unlock billions of pounds within certain defined benefit schemes for alternative use in the economy, the pension schemes or the company." The government is proposing to ease restrictions on how some pension schemes are managed, as part of efforts to boost economic growth. The Treasury said defined benefit pension schemes have a total surplus of £160bn, but under current rules much of the money is trapped and cannot be invested in the wider economy. The government has made improving growth its main priority in order to boost living standards, but recent figures indicate the economy is struggling to expand. The previous Conservative government launched a similar consultation last year. Defined benefit pensions, sometimes known as a final salary scheme, are directly linked to a worker's salary and length of service. Three-quarters of the funds that pay out these pensions are in surplus - which means they effectively have more money in them than needed to meet those pension payments. IMO the CEO should task the CFO with the job of finding out how the company could access some of this money in order to make the next acquisition so that when the Government give the go ahead , the company can seek to make another acquisition which boosts growth . dyor Addendum The CEO had senior management positions in Thales for circa a decade Hitachi who are one of LPA Group customers acquired Thales Hitachi Rail acquired Thales' Ground Transportation Systems business on May 31, 2024 for €1.66 billion. The acquisition expands Hitachi Rail's global presence and strengthens its focus on digital services and signaling. Why was the acquisition made? To align with Hitachi's sustainable growth strategy To achieve Hitachi's goal of surpassing ¥1 trillion annually in revenue To strengthen Hitachi's presence in the global market To enhance Hitachi's digital services To solve global social challenges To support customers' digital and green transformations What does the acquisition mean? Hitachi Rail's global presence expands to 51 countries The majority of Hitachi Rail's revenues come from signaling and systems The combined business has revenues of €7.3 billion in FY23 Hitachi gains access to specialist experience in digital operations, cybersecurity technology, and ticketing Likewise the new CEO has worked for other LPA customers or has worked with them on projects in her capacity as a manager for other companies --- she thinks the LPA customer is impressive as many BIG names are in it. Did the new CEO actually say that her aspiration was to double the size of the business in 3 years ? Accessing the pension fund excess could be key here IMO IF a killer acquisition is made with the cash --- this IMO is the possible route to a 100% increase in turnover within 3 years and transforming the company. From the 2024 Finals: • Pension asset surplus recognised increased by 41% to £3.8m (2023: £2.7m). WOW This is making LPA more money than the company current business model And there are now only 110 members in this closed defined pension scheme , closed 20 years ago , and there were circa 150 over 5 years ago , so a reduction in members of 40 in circa 5 years. As we are all getting older , one would expect this number of 40 will in fact rise substantially in the next 5 years That is to say: Pension pay-outs will reduce going forward IMO as numbers of members decline , plus the defined pension fund value increases , currently around 17M pounds. LPA Group Plc Final Results for the year ended 30 September 2024 Defined Benefit Pension Asset The LPA Industries Limited Defined Benefit Scheme was part of the ISIO (previously Deloitte Pensions Master Plan) throughout the entire year under review. The costs of running the scheme have been shared between the Company and the scheme. Costs borne by the Group this year amounted to £0.1m (2023:£0.1m). A full Actuarial valuation of the Scheme was carried out in March 2024 which indicated the Scheme was at a healthy 133% funding level. The benefit of the change in investment strategy in January 2022, when the Trustees having undertaken a review in 2021 agreed to lock in the gains and de risk the scheme, has been beneficial. The key driver for the then improved funding position has been the higher than assumed returns on the Scheme’s assets and the changes in financial conditions which have reduced the liabilities. It is natural for the Scheme’s funding level to fluctuate over time reflecting changes in the financial markets. The Trustees, under advice, did not seek any voluntary employer contributions during the year from the Group (2023: £Nil). The IAS 19 position reflects the impact of rising interest rates on the present value of the liability to pay pensions in the future. IMO Covid-19 and nasty flu bugs together with years long waiting NHS lists is not helping OAP's So should shareholders let it run if it can make such gains ? Just how much money is in this closed defined pension scheme ? Is it currently around 17M pounds ? Shareholders should be told what investments are making these gains and a shareholder vote taken as to whether to access these funds and for what purposes. A 41% gain in 1 year is some going --- why not let the fund rip for 3 years and then split the cash 50% for a special dividend plus 50% for an acquisition ? At 20% gain per year for 3 years the fund could be worth 6.5M pounds At 40% gain per year for 3 years the fund could be worth 10.4M pounds Shareholders need to know what investments are involved Saffron Walden and the other freehold sites have sufficient space to allow for increased output. Good to here. dyor |
Posted at 12/2/2025 17:08 by buywell3 Ref the RNSOn UK Railways As of 31 March 2024, there were 15,107 railway vehicles registered in operation for all passenger train operators. Of these, 71% were electric, 19% were diesel, 7% were bi-mode and 3% were locomotive hauled. LPA Group LPA Inter-car jumpers are installed in over 10,000 UK rail vehicles in service today. So LPA Group have suppled circa 65% of all Inter-car jumpers to UK Railways One would imagine these have to be replaced after around 10 years of use as part of a maintenance operation " Unlike the protected cabling within a vehicle, inter-car jumpers are exposed to mechanical stresses such as twisting, as well as heat, cold, rain, snow and UV radiation. This means that they need to be serviced or replaced at regular intervals." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
