LSELondon South East
IIIInteractive Investor
DTMdiscussthemarket.com
PDL Andy Reilly
19 Nov 2015
Re: Added real shares at 54 S - I sold earlier this morning with a tiny loss as I had to go out, and I didnt want to be left holding should the SP decide to retreat. Not the greatest trade, but better safe than sorry is my maxim currently, and there may well be another opportunity to trade. I'll kee an eye open for PDL - best of luck to holders -
I have just been reading through Q3 trading update and all looks good/promising on that which should really help increase share price. Am i missing something on that which is bad?
NWF TX2
19 Nov 2015
Re: Increase I would have thought a takeover was unlikely and certainly any party that might be interested would not be buying in the market.Although the agricultural side is the biggest part NWF also has oil distribution business & Boughey grocery storage/transport division.Carr's results were quite decent so maybe we have just attracted some interest or maybe as many of the shares are owned by their customers Cheshire & NW farmers are not doing as badly as they claim and are buying a few more.As a holder I probably should not say this but the shares are probably fairly fully valued at the moment!
GLIF Damp Seaweed
19 Nov 2015
Re: Edison Research Alternatively if you can't be bothered to read the research then just follow the share price... that will probably tell you all you need to know I reduced my holding by 50% this morning, just regretting not dumping the lot !
INVP adriano
19 Nov 2015
Yippee I bought in yesterday and am pleased that this rise seems sustainable. Nice dividend expected as well ? "Fill yer boots".
OCDO Tenobas
19 Nov 2015
Pencil cases My daughter says that every one at school has rubbers and pencil cases from Ocado and they are rubbish because they break easily.
ENRT Thomas Tallis
19 Nov 2015
"a little longer" - a year later. I believe it must now be a year since we were told to wait "a little longer".What has happened in that year?Did the Chinese deal go ahead?Did the share price go up?Did any directors buy shares?Did we see the "transformational development"?And the cheerleaders had the nerve to scold me for presenting a more realistic picture than they wanted to see presented on here.
ECK Plenty of Bull
19 Nov 2015
Results A reasonable set of results. I am disappointed with only 10% top line growth. We really need to start seeing a step change in income. On a separate note. Im all for giving share options, as a means to retain good people, but it needs to be better balanced as a proportion of retained net profit.
TALK Tenobas
19 Nov 2015
Re: Societe Generale downgrade Anger is seldom a useful emotion when investing
ALD oggs
19 Nov 2015
What The.. ?
in my eyes £0.0082 is a bargain for Kenmare and is worth the risk as previously stated from motleyfool that 2016 will be a profitable year for Kenmare.
BVS Investor KT
19 Nov 2015
Re: Comment on price fall I believe the drop is due to operating margin, which is going to be basically slight improvement on last year's. If you compare the operating margin with Persimmon (18.2%), Berkeley (24.7%), Bellway (20.4%) that of Bovis (16.9%) is low. Furthermore, the benefit of house price appreciation is offset by rising contractor costs, which are rising fast too, owing to labour shortage.
RE: conspiracy theory - Pretty much nothing has happened to our knowledge as we would know about it, so it is quite hard to explain the decrease in share price unless the demand is not there but i cannot see that. I am quite confused really :S
LMS r21442
19 Nov 2015
Another IC / ST update Shares in investment company LMS Capital (LMS:72p) have been flat-lining ever since shareholders forced an about turn by the board over their controversial proposals to turn LMS into an investment trust focused on buying up energy assets, rather than pursuing its current mandate of returning all cash from asset sales to shareholders.I was strongly opposed to the proposed change of strategic direction ('Game changers', 28 July 2015), and clearly enough shareholders were too. I subsequently updated the investment case when the board did their volte face (‘Shareholder activisim works’, 2 September 2015).So it’s back to business with the board pursuing the realisations of its investments with a view to returning cash to shareholders. There has been no announcement since the company cancelled its general meeting at the end of August which explains a flat-lining share price, as investors patiently await news of further disposals and a tender offer to buy back their shares. However, I would anticipate some news flow before the year-end as the LMS board clearly stated in that August release that since the publication of its half year report on 24 July “it has continued to see progress with realisations and it is currently expecting completion of two transactions in the near term. When the outcome and timing of these transactions is known the board expects to be in a position to announce a further return of capital to shareholders”.Breakdown of portfolio Bearing this in mind, the company's last reported net asset value of £136m at the end of June 2015 included net cash of £35.3m, quoted securities worth £13.2m, unquoted private-equity-style investments worth £53.2m, and investments held in funds of £43.8m. More than 60 per cent of the portfolio is in the US and LMS's 10 largest investments account for 84 per cent of the portfolio by value, so it's concentrated in a small number of investments which should be relatively easy to divest. This means that excluding the two aforementioned disposals, LMS has net cash of 24p a share, a sum representing a third of the current share price, and almost a quarter of the company’s end June 2015 net asset value of 94p a share. Clearly, irrespective of the timing of disposals, there is substantial excess cash on the balance sheet to support a tax-efficient tender offer to shareholders pitched around net asset value.And that’s the very reason why investors have been holding the shares. In fact, since I initiated coverage when the price was 54.5p ('Capital returns', 11 February 2011), LMS has returned the equivalent of 77 per cent of its market value through three tender offers: a buy-back of 17.4 per cent of the share capital at 84p in December 2012; a buy-back of 17.2 per cent of the share capital at 90p in July 2013; and a buy-back of 22.5 per cent of the share capital at 95p in May 2014. So although the current share price of 72p is only a third above my original entry point, this is misleading as to the returns investors have actually made. Indeed, if you who bought 10,000 shares at 54.5p on my initial advice you will still retain a holding of 5,300 shares worth £3,800, and with a net asset value close to £5,000, and have so far received cash proceeds of £4,200. In other words, adjust for the cash returns, and those remaining LMS shares worth £3,800 in effect only cost £1,250. Moreover, with the company’s net asset value 30 per cent higher than the current share price, I would suggest that when all the disposals are made then you will receive a sum far closer to the book value of £5,000 of the underlying assets.LMS’s spot net asset value Of course, LMS's net asset value could have changed since the June half-year end. But I reckon by not that much, and in any case with sterling weakening from £1:US$1.5712 to £1:US$1.5225 then there will be a currency gain on US dollar holdings worth £67m at the end of June 2015 to factor in. In fact, I reckon the appreci
Latest from the Community...
Latest from the Community...
Latest from the Community...
