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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Lupus Capital | LUP | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
176.00 |
Top Posts |
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Posted at 05/12/2012 13:29 by jeffian Slightly surprised LUP hasn't picked up some benefit from WOS results indicating strength in the US construction market. |
Posted at 27/4/2012 11:50 by a1samu According to the accounts, page 35, total profit for the year amounted to £15,483M, of which GT made £7,399M and the building products made £1,309M, with the receipt by the company a tax credit of £6,775M. In fact I was wrong when I said GT made half the profits. GT made in fact 85% of the profits of the year. Of the total profit made for the year of £15,483M, GT made £7,399M, the building products made £1,309m with a tax credit of £6,775M. Under the circumstances, I wonder whether shareholders approval would be appropriate in this instance. Lup will be OK this year, for it will book the profit on GT in the accounts for this year, but it will have its work cut out to get any decent profits into the accounts of the following year, when only the building products will be included. |
Posted at 14/3/2012 11:31 by jeffian I don't disagree with you in principle, a1samu, but the fact is that GT was marketed very widely over the years and nobody was prepared to pay anything like what we thought it was worth. The fact that it has gone to private equity (presumably a MBO?) rather than a 'trade buyer' follows that pattern, no? I always thought it would go to someone like John Wood where you'd have thought that GT's earnings X WG.'s P/E ratio would have made it hugely attractive, but nobody in the oil services sector has come forward to buy it. Like you, I'm sorry to see it go (it was a significant cash generator with good management which can't have taken up much Head Office time) but once LUP became a pure 'building products' company rather than the 'conglomerate' it used to be, the writing was on the wall for GT. |
Posted at 12/1/2012 10:16 by jeffian Anyone left here? LUP seems to be moving back towards highs. Building products market seems to be holding up remarkably well (viz TPK, WOS etc) and even housebuilders are doing OK (PSN). Trading update due here late January. Good news? |
Posted at 20/12/2011 11:20 by smicker Why are they making an acquisition when they have net debt of 94m at the half year and couldn't afford to pay an interim divi? Why are they giving the overland sales for last year rather than the profits. |
Posted at 12/10/2011 14:02 by jeffian There was a very strong Trading Statement today from Travis Perkins which I suspect has rubbed off on LUP. |
Posted at 06/9/2011 10:43 by a0148009 Muted response to the figures on this board, has everyone gone away.Looks like a flat year for LUP at best, no interim div, company forecast final 2p SP circa 7x earnings. AO |
Posted at 06/7/2011 06:58 by tuning peg Today's trading statement hardly inspiring but I think the recent share price weakness has factored this in. On the plus side net debt continues to decline so I would expect to see an increased divi this year. |
Posted at 30/3/2011 09:47 by jeffian Wolseley (WOS) results out yesterday appear to confirm the strength of the recovery in US markets which represents 47% of LUP's building product sales. This from WOS prelims -"USA (41% of Group revenue) Like-for-like revenue growth for the period in the USA was 9%, with a further 4% of growth due to the strengthening of the US Dollar. Growth was broadly based, supported by price inflation of 3.5% with all of the major business units generating decent growth, driven principally by stable new residential and RMI markets." Good news for LUP to back up their own recent figures. |
Posted at 12/1/2011 22:04 by jeffian topvest,A profit's a profit so I can't knock your thinking, but I'm not sure I accept your rationale. I'm more persuaded by AB's post (4084) that there is still scope for growth on fundamentals. This isn't a direct play on the current housing market; if you look at the housebuilding/materi I, too, am in the happy position of being back in profit after years of being underwater but I'm going to hold on for a while yet. As for the divi, although I love 'em, you have to admit that the loss of a couple if years' divi pales into insignificance in the face of a sixfold rise in the share price! |
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