LSELondon South East
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LMS r21442
01 Dec 2015
IC comment on tender offer The board of investment company LMS Capital (LMS: 78p) have announced a £40m share buy-back programme by inviting shareholders to tender around 29 per cent of their holdings at net asset value. Given that the shares were trading at 72p less than a fortnight ago, or 23 per cent below end of June 2015 book value of 94p when I highlighted the potential for an imminent cash windfall (‘Capitalising on tender offers’, 19 November 2015), and book value per share has since risen to 96p at the end of September, then this is very good news indeed. The latest time for tendering your shares is Thursday 10 December 2015 and I would certainly advise tendering your full allocation. Based on a £40m cash return and 145.25m shares in issue, this means that if every shareholder tenders his allocation in full then 41.66m shares, or 28.69 per cent of the share capital will be purchased by the company at around 96p each. LMS net cash increased from £35m to £47.4m in the third quarter, a sum equating to 34 per cent of its net asest value of £139m, reflecting disposals made since the June half year-end. In effect, LMS's board is returning 84 per cent of its cash pile.To show how this works in practise, if you purchased 10,000 shares at a cost of £7,200 a fortnight ago, then you can expect cash proceeds of £2,754 from tendering 2,869 shares. At the current market price of 78p the balance of your holding is worth £5,562, so in effect your investment has increased in value by 15.5 per cent from £7,200 to £8,316 in less than a fortnight. Or put it another way, the company’s share price would have to fall below 62.3p post the tender for you to lose money. That’s clearly not going to happen given that it would mean the share price discount to spot book value – LMS’s net asset value has since increased to 97p since end September – would have to widen from the current 19 per cent to 36 per cent. My advice here is simple: tender your full allocation pro-rata with the above worked example. Results of the tender offer will be announced on 15 December and cheques will be sent out on Monday, 21 December, so expect a cash windfall in time for Christmas.
I dont know about everyone else but i have seen this manipulation each day for the past month!
'Manipulation' One way people can deflate the price of a security is by placing hundreds of small orders at a significantly lower price than the one at which it has been trading. This gives investors the impression that there is something wrong with the company, so they sell, pushing the prices even lower. Another example of manipulation would be to place simultaneous buy and sell orders through different brokers that cancel each other out but give the perception, because of the higher volume, that there is increased interest in the security. I think this stock is being manipulated if i am honest. I have been watching it for a month now and to me this is what is happening!
GBG Muzzletoff
01 Dec 2015
Results A superficial look at results suggest a pretty good picture for GB Group.With the deferred consideration payments now made for the acquisitions, we hope there will be the same incentive to perform for the acquired businesses. Sometimes, the acquired businesses bust a gut to reach their incentivised 2nd stage payment, and the management relaxes, and it goes back to its normal earnings profile, or leaves a bit of a hole in the pipeline, because everything has been sucked in to the meet the 2nd stage acquisition payment.Obviously their standing cash has been hit to make these payments, but historically GB has been pretty cash generative, so assuming earnings normality the cash will continue to come in.
XTR bargainhunt1
01 Dec 2015
Volume :::: I've never understood why the volumes differ so widely on a day to day basis on this share .
SRP oldjoe1
01 Dec 2015
SRP, UPSIDE POTENTIAL. <b><u>Serco Group plc 41.4% Potential Upside Indicated by Jefferies InternationalPosted by: Ruth Bannister 1st December 2015</b></u>Serco Group plc using EPIC/TICKER code LON:SRP had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Jefferies International. Serco Group plc are listed in the Industrials sector within UK Main Market. Jefferies International have set their target price at 157 GBX on its stock. This indicates the analyst now believes there is a potential upside of 41.4% from the opening price of 111 GBX. Over the last 30 and 90 trading days the company share price has increased 13 points and decreased 14 points respectively. Serco Group plc LON:SRP has a 50 day moving average of 102.68 GBX and a 200 day moving average of 131.72 GBX. The 1 year high stock price is 188.8 GBX while the 52 week low is 89.48 GBX. There are currently 1,097,554,751 shares in issue with the average daily volume traded being 4,454,677. Market capitalisation for LON:SRP is £1,275,358,587 GBP. Serco Group plc is a United Kingdom-based provider of public services. The Company operates through six segments: UK Central Government, UK & Europe Local & Regional Government, Americas, Asia Pacific, Middle East and Global Services, which provides BPO services across the globe.
CRST oldjoe1
01 Dec 2015
CRST, Breakout On Chart. RST Crest Nicholson Holdings (Builder)CRST Crest Nicholson , hoping for this one to rise back to year top at 600p on back of recent government housing stimulus. [link]
can anyone explain what is going on with Kenmare share price people buy it goes down i have never seen that before :S day by day the amount of shares bought out weighs the sells by alot but the share price still falls. Could anyone explain why this is as i am starting to get confused
is it me or is someone really trying to keep this stock up? i have seen loads of 5000share trades for buy
DX city watcher
01 Dec 2015
No recovery due Won't reward investors in time for Christmas. Oh Dear !
CFHL city watcher
01 Dec 2015
FIBRE in The NEWS CITYFIBRE should do well from this.The Government has promised to fund the rollout of superfast broadband coverage across 95 per cent of the country under its Broadband Delivery UK plan.BT has been awarded most of the funding as the only registered supplier to the main tender.Virgin Media’s chief executive Tom Mockridge has labelled the scheme unfair because it gives ‘hundreds of millions of pounds of excess returns’ to BT from the taxpayer.Virgin Media said Government-funded broadband is no longer necessary because private telecommunications companies will invest in creating a network to meet demand. Mockridge said: ‘Market failure in the supply of broadband is a thing of the past. 'The UK already has widely available broadband access through different technologies and services – fibre, cable, copper, satellite and wireless. The BDUK scheme does not offer the taxpayer value for money.’
LGO eagle51
01 Dec 2015
Re: Enough is enough OF - I'm normal.Anyone who invests in LGO isn't.Trust me.
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