Re: up 10% From news feed.Electronic technology group Laird PLC was also a strong mid cap riser, adding nearly 7% at 178p after German broker Berenberg double-upgraded its rating to buy from sell with a new target price of 240p, up from 130p.
up 10% Wagwan?
Telegraph Link [link]
Telegraph comment on Rights Issue Worth a read. The last paragraph caught my eye. A brave strong buy me thinks?"Investec analyst Marc Elliott described the performance as modestly ahead of expectations and said Laird is set for upgrades during the year if management deliver on costs savings as expected." ENDThe right issue shares may just turn out to be a bargain?
Strategy not well developed; reorganization plan not addressing real problems; inefficient R&D; products viewed as commodities. Overvalued intangible assets; growing debt...not a play at all.
Trading Statement Could have been worse!It makes me feel much more sanguine about the RI.
Re: The start of a recovery? maybe the terms of the rights issue have been leaked
The start of a recovery? I backed up my view posted on the 20th October by purchasing a few Laird shares and have to say I didn't expect the further drop back to around 130p. They have now recovered from what I believe was a ridiculous low and even with the rise (as at 11.30am today) offer exceptional value for those who would like some exposure to a high quality business albeit with what should be a few short term financial issues to resolve. Add to this the very real prospect of a hostile takeover this makes a compelling case for investment.It seems that the markets are currently incapable of reacting in a balanced way to any news. Look at the Next statement yesterday and the market reaction to that!The concept of holding shares has been eroded in recent years and it seems to me that more and more PI's and fund managers are too quick to sell rather than sitting it out or averaging down on weakness. Mr Market knows this and contributes to the mayhem with, in what some might say, not me was a 'concert party' of extreme pricing. I believe Laird has a strong core business which faces challenges not existential risks. They could be a great place to park some funds with realistic hopes of a recovery in 2017.AIMHO and DYOR
Re: Fallen 60% from peak - I'm in Not the time to sell, this could be easily taken out at this time of weakness.
Re: Fallen 60% from peak - I'm in Useful not! Definition of id iot "keep doing the same thing over and over and expecting a different result". Good luck!!
Re: Fallen 60% from peak - I'm in gate bolt horse
Re: Fallen 60% from peak - I'm in Not confident in management handling this well, no proof of that so far, thus i'm out. Painful but given the correction going on in the market i'll take my £500 loss and roll what's left into something like GSK or VOD, at least i'm reasonably sure of a sustained dividend there.
Re: Fallen 60% from peak - I'm in And here is the rights issue. At least they aren't claiming Laird has a strong balance sheet anymore. As I suggested previously the permanent reduction in profitability in some of Laird's activities will lead to impairment of the goodwill in the balance sheet which was stretched in any case. The banks would not be happy continuing to lend in such circumstances so a rights issue if they couldn't make a big disposal was inevitable. There is no final dividend. Laird has been paying out excessive dividends when it should have been strengthening its balance sheet.Sorry for anyone holding this.
Launches Worlds Thinnest, Smallest Ceiling- or Wall-Mounted Wideband Antennas [link] PRESS RELEASELaird Launches Worlds Thinnest, Smallest Ceiling- or Wall-Mounted Wideband AntennasPress release date: November 16, 2016Remarkably thin form factor delivers superior performance in large coverage areas; enables continued growth of IoT and EIoTThe mobile industrys thinnest, smallest ceiling- or wall-mounted wideband antenna that is more efficient and meets the design needs of office and apartment buildings, hotels, airports, and other large coverage areas, was announced today by global technology leader Laird (LRD: London).Lairds new CFS Low Passive Intermodulation (PIM) Ultra-Low profile antennas just seven millimeters thick, or about half the thickness of a smartphone improve in-building wireless telecommunications and deliver consistent, reliable Internet connectivity, further enabling the Internet of Things (IoT).Because they are so thin and require eight to 40 percent less wall or ceiling space, they are less visible on walls or ceiling panels and can even be hidden behind wall pictures.This patent-pending innovation radiates an indoor signal up to 20 percent more efficiently than other in-building Distributed Antenna System (DAS) antennas on the market today.Industry experts forecast that by 2020, more than 23 billion things globally will be connected to the Internet, and about 40 percent of them will be used for business, industrial, healthcare, and other sectors for the Enterprise Internet of Things (EIoT). Furthermore, the majority of EIoT mobile data traffic will be generated indoors at offices, hotels, hospitals, universities, shopping malls, and multi-tenant, multi-use buildings.The new CFS Series Low PIM Ultra-Low Profile antennas provide pattern coverage optimized for indoor requirements at 600-960 MHz, and 1690-3800 MHz supporting global GSM, DCS, UMTS, AWS-3, and 3G/4G-LTE/WiMAX frequency bands.Lairds technology enables the wireless world to work, said Jack Cowper, Laird's Senior Vice President of Infrastructure Antenna Systems. Improving indoor wireless coverage and capacity usually requires the installation of more ceiling antennas resulting in higher costs, and at the expense of the design and aesthetics cherished by building owners and management firms.Our new CFS antennas are smaller, more aesthetically pleasing, and deliver next-gen performance for high-quality, in-building connectivity.Cowper added that these new, ultra-thin antennas reflect Lairds ongoing commitment to deliver market-driven solutions that resolve critical customer needs.For more information: CFS60383P Low PIM Ultra Low Profile Antenna CFS69383P Low PIM Ultra Low Profile Antenna Laird Design and Testing CapabilitiesAbout Laird is a global technology company that enables mission-critical mobile connectivity through wireless applications and antenna systems, and components and solutions that protect electronics from electromagnetic interference and heat.Products are supplied to all sectors of the electronics industry including Connected Transport, Connected Industry, Connected Medical, Telecom/ Computing, and Mobile Device markets. Laird, a unit of Laird PLC, employs over 9,000 employees in more than 50 facilities located in 19 countries.For the latest news or more information, visit: Lairdtech.com For more information, contactPaul Mottershead, Vice PresidentLaird Communications and [email protected]
Re: Fallen 60% from peak - I'm in You may well get the chance to invest some more money if they decide to have a rights issue. Laird will be having some interesting conversations with its auditors at the year end about all those intangibles in its balance sheet. If there has been a fundamental downwards shift in profitability in any of its operations that will lead to an impairment review and probably some red ink. Borrowings are too high for a business with so much goodwill from acquisitions in its balance sheet.Much as I love recovery situations, I feel it is too early to be looking for a bounce here.