Lpa Share Discussion Threads

[castleford tiger] 23/11/2024 17:25

HE CERTAINLY was a one off.

Married three times the last was in 2013 he had his last child at 80 years old.

I wonder what happens to his very large position here.

tiger

[castleford tiger] 22/10/2024 17:05

A WOKE appointment

could you expand on this statement please?

tiger

[envirovision] 22/10/2024 12:24

A WOKE appointment

[evhoward] 22/10/2024 09:49

New CEO now appointed. She's hugely experienced in the industry, expecting exciting times ahead for LPA.

[boonkoh] 25/9/2024 21:26

This share is so dead. Hardly any trading volume! The real spread here is north of 5%, which makes this hard to invest in even if one wanted to...They need to invest in better investor relations if they want a healthy market in these shares.

[kinwah] 28/8/2024 08:58

Tiger, he has several options. Probably his first option is to play Mr Grumpy and communicate this to the board to try and get them to find a suitable acquirer for the company. If this doesn't work then he could offer his shareholding to possible acquirers directly. I doubt at his age (70+) he would want to go on the board and run it himself but he is undoubtedly in a position of influence. One thing I have spotted is the company filed a PSC08 at Companies House in May 2024. No person with significant control. Either this is an error (possible) or PG has reached an agreement with LPA only to exercise 24.9% of his votes not the 25% which would trigger a PSC01. Persons of Significant Control. There might have been problems in certain contracts regarding change of control if PG didn't voluntarily limit his voting powers. Anyway the company should clarify the position.

[castleford tiger] 21/8/2024 21:12

Over 28% now .whats his next step?

[castleford tiger] 19/6/2024 12:48

certainly difficult times but i still think the underlying business has legs.

A shake up is needed now and a strong CEO brought in to drive the business forward.

tiger

[charo] 19/6/2024 07:52

As expected and further losses to come.

[charo] 02/6/2024 12:34

Operational shambles.Chair out of comfort zone.Expect further negative trading statement.

[evhoward] 31/5/2024 08:28

I agree, hopefully now a time to recruit someone who can deliver a profit from the £20m turnover. Perhaps sale and leaseback of freeholds?

[boonkoh] 31/5/2024 06:49

Looks like maybe the CEO pushed out?Positive in my eyes that we might get fresh CEO, fresh momentum and urgency.IMO chairman should also go. Has had 3 years to turn things around too and not have much to show for it.

[packman8] 17/4/2024 12:50

Alstom train factory been saved by government order of 10 trains

[castleford tiger] 21/3/2024 15:39

Ok.

i have placed an order for 50k shares as i think this offers a cheap additional entry into LPA.

I have been a holder for many years and took part in some fundraising many years ago.

Lets take a step back..........

The company has said the orders worth approx £1.5m are deferred.

I am guessing that in this highly regulated world the brokers will of pushed for the information to be shared as targets were not going to be met.

Sometimes this means running with limited information and being unable to properly look at the outcome. ( hence the push out to 2025)

Its clear the CEO is not happy about these one sided contracts especially when no fault delays cause eruptions like this.

Moving away from these dangerous grounds is clearly the plan but it takes time.

I will be very close to the 3% mark if and its a big if i get them.

anyone out there wanting to sell we can do it ( via a broker ) and save each other a few quid.

Tiger

[keane16] 21/3/2024 14:32

Just found it, £3.8m.

[keane16] 21/3/2024 14:08

Anyone know the value of the freehold properties they own?

[castleford tiger] 21/3/2024 13:31

Disagree Tergifts.

I have such contracts and so do many others. Growing 1000 acres some of the up front costs are shared. Its a partnership.
Contracts cannot be so ONE sided to leave a company with what could be serious cash flow issues.


These are not contracts i would want to take at all.

I understand delays can happen on both sides but this timescale looks very long.
Clearly the CEO is not happy as well.

1.5m is not going to bust them but lots of the good work has been undone here.

The major holder will have plenty to say.

Lets see what the new notes say.

[deanowls] 21/3/2024 12:53

Nope I’m with CT here, those skus have to be ordered and manufactured to a timeline. If the customer delays and you have stock it’s only right there should be a negotiated discussion around costs.

But then again I only run profitable warehouses and supply chains.

[tergifts] 21/3/2024 11:54

I agree with Charo. The Rail Companies send the Commercial Contracts to tender, if you don't agree to the terms and submit your bid ,you have no business (competitors will) and LPA are sometimes 2nd level suppliers for the contracts and the terms are passed down the line, your protection is to also pass these terms onto all your suppliers and to have just in time deliveries. Obviously this doesn't help the shareholders, but I'm not sure for this size of business it's primary objective is creating share holder value.

I'm sure Mccain also has such terms in place,
If Asda and Tesco cancel deliveries on Mccain, what do you think Mccain will tell Farmer Giles.

[castleford tiger] 21/3/2024 10:36

Charo

i disagree.

We are producing a product for a customer, and taking all the costs of materials /labour/production/ and now storage costs.

You are suggesting that the customer has complete control over delivery and payment times?

That would never get through my teams.

If they want to delay delivery they should pay and cover the costs of storage if they cannot take the goods.
Can you imagine Mccain refusing to take a potato crop that would spoil and even worse leave the grower with no facility to store the new following crop.

I hope we have looked at these contracts again.

tiger

[charo] 21/3/2024 07:33

The naivety of some posters is staggering.Commercial contracts with major entities are generally one way,they give assurances but rarely guarantees.
There are always get out of jail clauses in favour of the customer.You are just a phone call away from disaster .

[castleford tiger] 20/3/2024 19:31

6.6 k I suppose. I struggled to buy today as the spread was 9%