Lpa Share Discussion Threads

[rjd1233] 24/1/2017 12:16

Some selling pressure today.

[castleford tiger] 23/1/2017 19:34

my view is the 1.7 forecast is well shy of what LPA can achieve.

We know they took a 125k hit last year so brokers are not really forecasting much growth this year.
I disagree and feel 2 million is a target and expect upgrades to come.
we also have a 300k property gain as an excp item and lower borrowing costs ( but yes a higher tax charge)

I remain a firm holder

tiger

[interceptor2] 23/1/2017 18:31

Not skiing woodcutter, fancied somewhere warmer Fuerteventura........

[hastings] 23/1/2017 18:10

A few thoughts/comment that may also be of interest.

[silverfern] 23/1/2017 13:39

Buy, tuck away come back in 12 months- 25-40% upside imho. Low cap company doing well. Comfortable with the level of debt here, and the div.

[woodcutter] 23/1/2017 13:16

i2..................skiing?

[meijiman] 23/1/2017 13:05

The dividend hike tells you everything you need to know here. Very happy holder.

[interceptor2] 23/1/2017 12:59

Very strong results today, will keep my notes brief because I am meant to be relaxing on holiday. :o)

I think it is fair to add back the one off £124k write down due to one small customer going into administration sounds like business will return to LPA with a new owner in place. By my calculations with the £124k added back, LPA beat estimates by about 12% with adjusted EPS at 13.4p.

Many other positives not least the 50% increase in the dividend, and news that order levels have returned to pre brexit record levels.

Only sold a small amount at the open due to my LPA portfolio weighting becoming rather high, I have been holding them since November 2015. And happy to continue to hold.

[joe say] 23/1/2017 12:36

Excellent posts gents - and one factor in my top up of this morning

[woodcutter] 23/1/2017 11:58

revenue went from £16.3m to £21.4m

overheads went from £4.16m to £4.75m

as a result operating profit went from £836K (with a gain on property disposal) to £1547K almost double

further revenue growth this year will see greater profit growth imv.

woody

[martinthebrave] 23/1/2017 11:51

Topped up on the pull back this morning. This has to rise over the next couple of weeks IMO.

[woodcutter] 23/1/2017 11:41

GHF nice post i bought twice after the initial drop today.

revenue up by almost 32% admin and distribution costs only up by 14% great operational gearing move.

been watching for a while shouldv'e bought a month ago

aimho woody

[glasshalfull] 23/1/2017 10:57

Excellent set of results as we all anticipated. Well done to management & staff!
So we're now "moving on" rather than "galloping" !!!

EPS was higher by +4% than WH Ireland previously forecast. Sure I'd detailed expectations on this thread previously if you wish to refer. The proposed dividend is also materially higher than the 2.1p previously flagged.

WH Ireland commented,

"Key standouts were

1) the very material y-o-y increase in revenue (+32%), driven by particularly strong demand at LED Lighting including orders for IEP, Queensland New Generation Rail, Abellio Greater Anglia and ScotRail, among others

2) a near-200bps improvement in gross margin from 27.4% to 29.3% reflecting the benefits of increased volumes

3) a lower-than-expected tax charge (3.6% vs WHI est 7.5%) benefiting the EPS line

4) a re-basing of the FY dividend to 2.5p (~5x cover vs 6.5x WHI est).

Although there was a slight hiatus over the period of the Brexit vote (April-August) which reduced order entry (£20.7m vs £26.8m at the start of the year), this is said to have reversed subsequently and the new year has started well.

Weaker GBP is helping LPA become more competitive in the UK and certain export markets vs overseas operators.

"Forecast changes: - +6% upgrade to FY17

Some small adjustments to underlying assumptions for FY17 (predicated on 5% y-o-y revenue growth and slightly lower expected tax charge) leads to a 6% upgrade at the EPS level for FY17. The re-basing of the dividend to circa 5x cover leads to an 18% upgrade to 2.6p (from 2.2p)."

---

Hope this assists.

Kind regards,
GHF

[bigbigdave] 23/1/2017 09:35

Held for nearly 12 months here. Have no idea how one would attempt to trade LPA due to the lack of liquidity so just plan to hold for further gains. Superb results imo.

[smcmahon993993] 23/1/2017 09:24

Sold at £2 using a the chav method, will buy back later today once the MMs have driven it down to gather a few more. Sure Naked Trader will mention it on Thursday as he's been holding since October waiting for the results, and that will gove it an end of week boost.

[davr0s] 23/1/2017 09:19

L2 and market all over the place today - looks like may have been a gap fill now back to Friday's closing price. I wasn't looking to buy and sell just curious to see what was reality behind the published price

[janeann] 23/1/2017 09:07

I plan to have them back very soon CTiger

ps and now have them back at the grand dealing charge of 4.95

[castleford tiger] 23/1/2017 09:06

too hasty to be getting out IN MY OPINION.

There have been 4 broker upgrades in a year and there will be more.
The falling pound has helped LPA.

There is also a 300k ex gain due this year plus they took the 125k debt on the chin last year.
2 million profit as a starter for current year.

My 300p target may be reached if we get further upgrades.

I also think market will close around the 200p level today.

tiger

[davr0s] 23/1/2017 09:04

What broker did you use Retirement fund?

[davr0s] 23/1/2017 09:00

And this chav used HL that didn't give any reasonable sell quote.....

[janeann] 23/1/2017 08:59

well this chav used a cheap online broker and got 199 on a limit sell!! at a grand dealing charge of 4.95!

[my retirement fund] 23/1/2017 08:57

It was possible to cash in at £2.00 but not with cheap online brokers that the chavs use.

[jakleeds] 23/1/2017 08:50

Hope everyone took profits at 8am . Maybe buy back in later depending how low it goes ?

[bigbigdave] 23/1/2017 08:31

Same market reaction as last results. Happy to hold for further gains.

[davr0s] 23/1/2017 08:31

Typical market reaction - I couldn't get a quote to sell above 190 even though the price supposedly traded above 200 for 10-15 minutes, but they quite happily gave me buy quotes at 205 lol