Lpa Share Discussion Threads

[sharetips] 25/1/2024 10:20

better figures than they look today

[ansc] 05/1/2024 11:16

4 January 2024 - LPA GROUP PLC ("LPA", the "Company" or the "Group")

Acquisition of Red Box International

LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, today announces the acquisition of Red Box International Holdings Ltd ("Red Box"), a UK manufacturer of aviation ground power equipment (the "Acquisition"). The total consideration for the Acquisition is expected to be approximately GBP1.1m, of which GBP275,000 is being satisfied on completion, and GBP825,000 payable post-completion.

Red Box is a leading UK manufacturer of aviation ground power equipment with global reach and an established presence in the USA market. The Acquisition will provide a strong addition to LPA Connection Systems, the Group's Saffron Walden-based division, that designs, manufactures and supplies high quality specialist products for the aviation, rail, and infrastructure markets. This acquisition supports our long-term growth strategy whilst also lessening the Group's dependence on rail projects.

Red Box revenues for the year ended 31 December 2022 were GBP1,677,000, with adjusted EBIT of GBP81,000. Net assets as at 31 December 2023 were c.GBP750,000. The Acquisition is expected to be broadly neutral to FY2024 profit, and earnings enhancing in the Group's FY2025.

Robert Horvath, Chairman of LPA said: "The acquisition of Red Box is a demonstration of the opportunities available to the Group to acquire businesses with high quality products and, within a relatively short period, high growth potential. Being part of LPA will provide scalability to boost Red Box's success. We look forward to welcoming Ian Harding and Red Box to the LPA Group."

[ansc] 11/12/2023 19:10

11,382 shares traded and the share price is hoisted 4p, ridiculous.

[ansc] 26/10/2023 10:20

Signs of life at last, a 10k 'buy' at the full ask price this morning.

[ansc] 24/10/2023 14:07

Investors either not impressed by the CEO's comments or by MMs unwarranted share price mark-up.

[charo] 24/10/2023 11:33

Fair value adjustment improves profit but not cash.

[ansc] 24/10/2023 09:57

24 October 2023 - LPA GROUP PLC ("LPA", the "Company" or the "Group")

Year-End Trading Update

Stronger H2 trading

LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, is pleased to provide a trading update for the year ended 30 September 2023.

Revenues increased to GBP21.7m, up 11% versus the prior year. Orders increased to GBP25.7m, up 30% compared to prior year, resulting in a total order book of GBP31.6m at year end.

As previously reported in the interim results, management anticipated an increase in H2 activity to offset the challenges faced in H1. We delivered strong trading in H2, leading to an underlying position of breakeven for the full year.

The Company also expects there will be a positive exceptional fair value adjustment for the recent product line acquisition undertaken in March, which continues to trade strongly. As a consequence, we expect this to result in a reported Group PBT for the year of approximately GBP1.1m.

With a strong balance sheet, low gearing and excellent new hires now embedded within the Company, further progress is expected as we move into our new financial year. We therefore confirm the intention of restoring a dividend for the 2023 financial year and beyond.

Paul Curtis, CEO of LPA Group, commented:

"Whilst the last few years have seen the Group face some of the toughest market conditions in its history, we are pleased to now be emerging from this. Although some market challenges still remain, we are confident in our strategy, capabilities and people. This, combined with our strong balance sheet and low gearing, provides us with many opportunities to shape and grow the Group as we move forward. We therefore look forward to the coming years with enthusiasm and optimism."

*All FY23 financials remain subject to audit.

[buywell3] 06/10/2023 07:19

Press release




PM redirects HS2 funding to revolutionise transport across the North and Midlands

A revolution in the country’s transport infrastructure will see billions of pounds redirected from spiralling HS2 costs to build the daily connections that people depend on – unlocking potential, driving growth and transforming communities.

From:
Prime Minister's Office, 10 Downing Street, Department for Transport, and The Rt Hon Rishi Sunak MP
Published
4 October 2023

Spiralling HS2 costs redirected to build Network North and fund raft of transport projects across the country, delivering the strong, reliable connections people depend on every day 
Rail, roads and buses to benefit from £36 billion in transport improvements in fundamental shift to how Government invests in transport infrastructure – unlocking potential faster in our towns, cities and rural areas
A further £12bn is set aside to deliver fast links between Liverpool and Manchester
Prime Minister prioritises the forms of transport that matter most to people and will deliver for future generations – driving jobs, growing the economy and levelling up the country
A revolution in the country’s transport infrastructure will see billions of pounds redirected from spiralling HS2 costs to build the daily connections that people depend on – unlocking potential, driving growth and transforming communities.

The Prime Minister has today [Wednesday 4 October] unveiled his vision to deliver the forms of transport that people use the most. The new plans will radically improve travel between and within our cities and towns, and around our local areas – benefitting more people in more places, more quickly.

The cornerstone of this plan will be Network North which will drive better connectivity across the North and Midlands with faster journey times, increased capacity and more frequent, reliable services across rail, buses and roads. £36 billion will be invested in hundreds of transport projects across the country – with every region set to receive the same or more transport investment on an unprecedented scale as a result of the change. A further £12 billion on top of this figure will be set aside for faster connectivity between Liverpool and Manchester.

This represents a fundamental shift in investment towards the people’s transport priorities, consistent with the Prime Minister’s pledge to grow the economy while ensuring value for money and demonstrating responsibility with taxpayers’ money.

More than four million people in cities in the North cannot currently reach their city centre by public transport within half an hour, which is detrimental to productivity and economic growth. And rail accounts for just 8 per cent of distances travelled and 2 per cent of all journeys.

Yet the HS2 project currently accounts for over one-third of all Government’s transport investments, preventing the Government from spending on people’s genuine priorities and doing little to improve the journeys that people make the most.

Therefore, the Government will deliver HS2 between Euston in central London and the West Midlands as planned, with a station at Old Oak Common and Birmingham Interchange and branches to central Birmingham and Handsacre, near Lichfield – where HS2 trains for Manchester, Liverpool and Scotland will join the West Coast Main Line.

HS2 trains will run from Euston to central Birmingham in 49 minutes, 30 minutes faster than now; from Euston to Manchester in 1 hr 40 minutes, 27 minutes faster than now; from Euston to Liverpool in 1 hr 45 minutes, 26 minutes faster than now; and also to Lancashire, Cumbria and Scotland, saving significantly on current journey times.

Rather than delivering HS2 Phase 2 new line between Birmingham and Manchester, the Prime Minister is taking action to deliver greater frequency and quality of transport infrastructure across the whole country.

Communities in towns, cities and rural areas will see improved transport infrastructure far sooner through £19.8 billion reinvested in the North, including:

£2 billion for a new station at Bradford and a new connection to Manchester;
£2.5 billion to deliver a new mass transit system in West Yorkshire;
£3 billion for upgraded and electrified lines between Manchester and Sheffield, Sheffield and Leeds, Sheffield and Hull, and Hull-Leeds.
Nearly £4 billion more funding for local transport in the North’s six city regions.
A new £2.5 billion fund for local transport across all areas in the North outside the six city regions – smaller cities, counties, towns and countryside.
A new £3.3 billion fund for road resurfacing.
Landmark investments in roads, reopened train lines and new stations;
We will also invest a further £12 billion to better connect Manchester to Liverpool. This would allow the delivery of Northern Powerhouse Rail as previously planned, including high-speed lines. But we will work with local leaders to agree whether they wish to suggest other ways to achieve the objectives within that cost envelope.

£9.6 billion reinvested in the Midlands:

Funding the Midlands Rail Hub in full with £1.75 billion, connecting 50 stations and over 7 million people – doubling capacity and frequency;
Over £1.5 billion guaranteed local transport funding for the new East Midlands Mayor;
Over £1 billion extra local transport funding for West Midlands City Region;
A new £2.2 billion fund for local transport across all areas in the West and East Midlands outside the city regions – smaller cities, counties, towns and countryside.
Reopened train lines and new stations such as the Ivanhoe Line;
The development of Midlands road schemes to benefit businesses and their employees at Rolls Royce, Toyota, and Magna Park, generating over £12 billion for the local economy.
£6.5 billion for the rest of the country:

Rail improvements in the Southwest;
Keeping the £2 bus fare until the end of December 2024;
Ensuring the delivery of road schemes;
Transforming Ely Junction; and billions to fix potholes on the country’s roads;
Greater connectivity for both Scotland and Wales with improvements to the A75 between Gretna and Stranraer, and £1 billion to fund the electrification of the North Wales Main Line.
To ensure regions are best equipped to reach their productivity potential, local authorities and Metro Mayors will be empowered to create the public transport networks that their communities want to see. We will also set out a broader package of infrastructure planning reforms in the coming months to remove burdens to building to ensure these projects are delivered and benefits felt in communities more quickly.

Originally, every pound spent on HS2 was set to deliver £2.30 worth of benefits back to the taxpayer. Despite revising the scope, benefits could fall as low as 80 pence for every £1 spent.

Meanwhile, the original benefits-cost ratio for HS2 was underpinned by assumptions which are no longer valid. Covid-19 has completely changed travel patterns and business rail travel is currently around half of 2019 levels while the majority of public transport journeys continue to be taken by bus – at three billion a year.

However, we will complete Phase 1 of HS2 where significant construction is already underway, cutting journey times from Birmingham to central London from around 80 minutes to 49 minutes. This will have a transformative effect on rail capacity, nearly allowing up to 250,000 passengers to travel every day – supporting growth for decades to come.

To unlock growth potential for London and deliver thousands of additional homes at Euston, the Government will oversee a change in leadership of the project to ensure maximum value for the taxpayer, while attracting private investment to build a world-class station. This will release more than £6 billion to invest in transport projects right across the country, delivering road, rail and bus upgrades in communities that were never set to benefit from HS2.

So, the Prime Minister has today drawn a line under the spiralling costs of delivering HS2 in full, in recognition of the changed economic context and modern transport demands. Instead, the redirected funding will deliver the vital transport links that people want and need to get to work, take their children to school, access doctors’ appointments and visit friends and family – connecting our great towns and cities while delivering real change to benefit the country and future generations.








buywell adds

Will the new electrification projects mean more electric trains being ordered , consisting of 4 to 8 units ?

[davr0s] 03/10/2023 15:01

Needs another emergency share tip here. What a load of nonsense these tips are lol

[ansc] 31/8/2023 12:21

A few more 'nibblers' this morning.

[castleford tiger] 15/8/2023 11:59

its behind a paywall.......... but forecasting a 25% short term gain in the price based on news to come.

not read their thoughts

tiger

[olliemagern] 14/8/2023 13:01

Time Newsletter Headline
11/8/2023 Hot Stock Rockets, Emergency share tip: Buy LPA

Tipped but I can't find any details, does anyone have more information.

[ansc] 11/8/2023 13:39

Unexpected burst of buying activity this afternoon, tipped somewhere?

[buywell3] 26/6/2023 07:22

One would imagine that these 'amphenol connectors' referred to in the RNS will now be used in other LPA products ie product line extension

Plus added to the products list

[someuwin] 09/6/2023 12:42

Been buying in again recently - seems to be a new optimism here.

[kash_] 08/6/2023 14:50

Ticking along nicely....Where's charo? ;)

[boonkoh] 08/6/2023 13:28

Looking at their latest order book number for May vs last announcement in Feb, I make it that they're winning new orders at a run-rate of £30-40m/yr currently, which will support further rev growth in FY24, probably close to £27-30m.

[baner] 05/6/2023 12:15

arthur - indeed a relevant question. i believe the answer is that under the new regime they will be able to harvest good profits and growth going forward - they clearly need to bring the turnover to 30m+ in order to absorb central costs, once they do, they should make 8-10% ROS and thus 15p+ of EPS. with a PE of 12 they should be able to double in price in a years time or so.

[castleford tiger] 02/6/2023 18:42

lets hope so.

[arthur_lame_stocks] 02/6/2023 11:25

What's the appeal of these shares? They're not really an asset play unless there is hidden value in the property and they're erratically profitable and when they do turn a profit it's usually modest.

I note the order book is at a record level, is this the beginning of a much more successful and sustained period for them?

[baner] 01/6/2023 20:09

150p by Xmas.

[castleford tiger] 01/6/2023 15:44

breaking up again

[castleford tiger] 30/5/2023 12:03

Charo Has never a good word to say about LPA.

There must be a ex employee or someone with too much time on their hands.

We are certainly starting to see movement and i expect further moves up as the shares are tightly held.

tiger

[davr0s] 25/5/2023 19:37

Charo - are you short?? You suggest interims are late but they were in June last year so nothing to see here. Also you say increased orders will lose them money as they dont control their costs - well if you applied that logic then 90% of the companies out there would never grow. I'd like to think the company isnt completely stupid. It's a recovery stock and am happy to hold. Seems to be doing ok to me...

[baner] 25/5/2023 18:36

Charo

Interims will probably not be that good - but that is history. The future looks very bright for LPA.