Lpa Share Discussion Threads

[buywell3] 30/6/2017 18:42

I have read that LPA did work for Bombadier several years ago

The key question is , given the size of the order Bombadier has won for new trains

Has LPA been awarded a new contract with them ?

I can see no RNS to that effect

I await links for LPA forecasts 2017 and 2018

[castleford tiger] 30/6/2017 13:26

At last a voice of reason!

Tiger

[olliemagern] 30/6/2017 11:17

First half blip was caused by a Oil and gas company going bust which cancels out by the property gain. As options are now delayed until 2022 we should not be using the 6.8p diluted figure, the normal 7.38p is more representative, LPA is on track for 14p plus this year, up from 12.2p last year.

With above order and more lighting contracts to come from Oil and Mining now prices are stabilising. Lpa are set to grow earnings to at least 14p, 16p ,18p and 20p over the next 4 years. This is not a momentum rocket stock for a quick buck its a steady growth company increasing profits 10 or 20% p.a.
With most shares overpriced its good to find value in LPA, that has now been oversold by NT and his get rich quick momentum followers.

[olliemagern] 30/6/2017 11:07

I have just read that Bombadier Derby have won an order for £900m from South West trains for delivery 2019 and 2020, though i cannot find confirmation in the FT which i use as fact confirming. LPA have supplied Bombadier for 20 years and will get big multi-million pound orders from this next year and onwards.

[castleford tiger] 30/6/2017 09:17

buywell.

Alstom Transport is the company LPA deal with.

The orders going forward are huge.

tiger

[buywell3] 29/6/2017 12:45

please post links to forecasts

I read today,Stagecoach annd Virgin Trains have been hard hit profit wise due to East Coast Main Line issues which are on-going writedown wise for another 2 years.

I assume this is bad news for LPA

Comments anyone as I think I have read that these 2 are clients.

Clients that might now cut back on investment.

[castleford tiger] 29/6/2017 10:23

I THINK the market has this wrong.

If that's the case I can make money.

Based on this years figures forecast and only 3 months to go and the forecast for 17/18 I value the shares at 200p with upgrades during next financial year very possible.

We have had moments like this before but a new platform has been set , a new normal.
The Normanton site is just in my back yard.

tiger

[buywell3] 29/6/2017 10:16

You seem a decent sort Tiger

I note that volumes seem to be falling

However we don't know how many were T10 a week back

[buywell3] 29/6/2017 10:15

You seem a decent sort Tiger

I note that volumes seem to be falling

[castleford tiger] 28/6/2017 16:51

buywell.

I strongly disagree and think the market is WRONG.

Only time will prove who is correct.

regards

tiger

[buywell3] 28/6/2017 16:27

Tiger , you have fallen in love with this share

A down-trend is now in place

The trend is supposed to be your friend ... not your enemy

[castleford tiger] 28/6/2017 12:21

so by anyone's valuation how can 130p be expensive.

2% plus divi to boot and well backed by property.

tiger

[olliemagern] 28/6/2017 11:24

I have pencilled in normal eps 16p for Y end Sep18.

[castleford tiger] 28/6/2017 09:15

Or built up for orders to be delivered?

[buywell3] 28/6/2017 08:06

What about the inventories being up 25% on last year , as seen in the recent results

That means product is not selling but is building up instead

[castleford tiger] 28/6/2017 07:52

continued buying all the way having taken just a few out and moved some around to use tax allowance etc.
Still see this as being a nailed on 20% plus minimum in 12 months possibly up to 50% plus dividend

tiger

[buywell3] 27/6/2017 19:29

What and never sold any ?

read this

[castleford tiger] 27/6/2017 18:51

With full year profits to remain as forecast plus the gain and a forecast increase on next years target of plus 10% based on a strong order book I think you have this wrong.
The 200p fair value target is just that and the shares have been bought by me again today.
Some disruption caused with the move/refub at Normanton will not happen again and the company can kick on.

Always taken the other view but in this case I feel selling on a undemanding p/e of 9/10 with a decent dividend and a possible 50% gain is too good to miss.

Tiger.........first bought at 30/34p

[cockerhoop] 27/6/2017 18:35

Woodcutter,

What didn't impress you with the results?

As far as I can see the H1 performance reported was previously guided in the outlook statement of the finals and the 2 subsequent trading statements.

I was pleasantly surprised that the margin erosion was milder than I'd expected and the improvement of the order book over the last 6 months from £18m to £22m is also encouraging (with a record 6 monthly order intake).

Whilst I thought LPA was only fair value at 1.77p (post 441) it appears decent value now at £1.28 and have therefore dipped my toe in the water and bought a few.

[woodcutter] 27/6/2017 08:41

wasn't impressed with the results and sold my entire holding this morning

woody

[buywell3] 27/6/2017 08:04

Let us see if he makes any comment about some of the numbers in the balance sheet

I have noted a few worthy of such:

Total Liabilities are up over 25% on last year

Inventories are up over 25% on last year

Anyone noticed these ?

[insideryou] 26/6/2017 18:07

Will be interesting what the naked trader has to say in his update. This was a favorite of his

[buywell3] 26/6/2017 07:52

I like the LED sector, and LPA is on my watch list

However it should be noted that without the sale of the property (exceptional item) there would have been a profit fall to GDP750,000


''The period includes a net exceptional gain of GBP226,000 comprising a property disposal gain on the sale of our former lighting factory in Yorkshire of GBP341,000 (2016: GBP14,000) less GBP115,000 of relocation and other nonrecurring costs. Profit before tax amounted to GBP976,000 (2016: GBP782,000) and diluted earnings per share were 6.81p (2016: 5.34p).''



So clearly there is some work to be done as LPA is flatlining

[melody9999] 26/6/2017 07:50

2 highights for me:

Cash flow is expected to be increasingly positive through the second half and beyond.

We expect good progress in orders and sales through the remainder of this year and the current order book underpins the situation for the medium term. The future looks encouraging.

[jch18] 26/6/2017 07:24

Profits slightly better than I anticipated. But the report feels a little flat.On the positive side , a larger manufacturing capacity allows greater scope. How this increases is down to management. It will be interesting to see how much drive there is in the company to move forward.