OmniChart

WRN TX2 02 Sep 2015

Craig Whyte & Charles Green arrested Former owner of Rangers FC(old co) & a former CEO of Rangers Charles Green(New co) were both arrested yesterday re investigations into the affairs of Rangers.Law Financial Ltd Worthington Groups major asset consists in the main Craig Whyte's claim against liquidators of Rangers old co.Further details in press.

HFD Misty Creamybib 02 Sep 2015

What bad weather? "Typically awful British summer weather has sent sales of bikes at Halfords (HFD) crashing during the past eight weeks, and the firm has warned that second-quarter cycling sales will miss expectations. The car parts chain said the rain had deterred the casual cyclist, but also blamed heavy discounting by rivals and tough comparatives with last year."This statement is very worrying unless I have happened to be in the right part of the country at the right time. The weather across the UK has been hit and miss with the odd rain showers but I hear no stories of massive floods or prolonged rain. As far as I can see someone planning a cycling holiday could have enjoyed a couple of rain free weeks at many prime UK locations. To use this excuse makes things worse!!This of course leaves the other part of the statement which means the margins are lost permanently.From digitallook we have a forward P/E of 13.8 based on concensus estimates before this announcement. That doesn't look horrendously overpriced but it doesn't look cheap either. I feel there are better bargains to be had and this weak statement doesn't fill me with joy either.MCB

LMS r21442 02 Sep 2015

IC update Shareholders in investment company LMS Capital (LMS:73p) have won the day and forced an about turn by the board who have now withdrawn their controversial proposals and cancelled the general meeting to approve a change in investment strategy. The circular outlining the company's plan to become an investment trust focused on buying up energy assets, rather than pursuing a mandate to return all cash from asset sales to shareholders, was published alongside LMS's financial results at the end of last month ('Game changers', 28 July 2015).As I noted in that article, I didn't recommended buying into LMS for exposure to the energy sector. If I wanted that then there are far better ways of doing so than paying a new investment team handsomely for their expertise. And it goes without saying that it would have increased the risk profile of the shares markedly, something that clearly other shareholders who bought into the orderly wind down of the company have rejected too.So LMS will now continue to pursue the realisations of its investments with a view to returning cash to shareholders. 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 easy to divest.Indeed, LMS 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. Even before the proceeds from these disposals is taken into account LMS has net cash of 24p a share, or a third of the share price, so there is ample surplus funds on the balance sheet to support another tax-efficient tender offer to shareholders pitched around net asset value of 94p, or almost a third above the current share price. Please note I reckon that LMS's net asset value hasn't changed much in the past couple of months as paper losses on quoted investments have been largely offset by currency gains on US dollar denominated holdings.However, amid the sharp stock market volatility last week investors have overlooked LMS's important announcement and the likelihood of a significant share buy-back through a tender offer process pitched at net asset value. Trading on a bid-offer spread of 71.75p to 73p, I rate the shares a buy on a 22 per cent discount to book value.Please note that since I initiated coverage on the shares at 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 for instance if you who bought 10,000 shares at 54.5p on my original 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.

NCYF asand 02 Sep 2015

Re: 1.45p dividend divi was credited into my HL SIPP on Aug 29

CEB one4all 02 Sep 2015

may be of interest [link]

ASC II Editor 02 Sep 2015

NEW ARTICLE: ASOS founder gives up top job "LSE:ASC:ASOS founder Nick Robertson is stepping down as boss of the online fashion house after 15 years at the helm, making way for his protégé Nick Beighton. The pair have worked closely together navigating recent difficulties, with the new boss ..."[link]

TIG kevlarr bandini 02 Sep 2015

Re: Well they accepted it... Yes hold. This deal still has to be voted through by shareholders and given the bargain price there is the possibility of a higher bid by a rival bidder. Even if this deal does go through, by waiting you will get the full 40p and pay no costs but if you sell now you will lose half the spread and pay commision on the sale.

MTV yoyo 02 Sep 2015

LSE bullshit board

NCYF Guitarsolo 02 Sep 2015

1.45p dividend Has anyone received the 1.45p dividend that by my reckoning was paid on 28th August? I hold NCYF in two place (HSBC and HL) and neither has been credited which suggests a problem at NCYF's end. That's assuming I have my dates correct. ThanksGSoh, buy buy buy for the yield!

HFD Bobtheretiredbroker 02 Sep 2015

Re: Update I believe companies are now under much greater pressure from the LSE to notify shareholders as soon as there is any material change in trading conditions, good or bad.

WLFE spinningaround 02 Sep 2015

been there Was there the other dayVery impressive set up Quote "the low price of Tungsten has already been factored in "Why this is not going through the roof baffles me.They are producing as we speak but official opening 2 weeks time

PLND Chocolate Dustbin 02 Sep 2015

Online. Is this good. Can you make profit from a £4 delivery charge?

SML DanDaDan 02 Sep 2015

Re: Bargain Basement Time Well that is my £2k purchase showing UP.GLA

KLN broomfielder 02 Sep 2015

Selling into recent SP increases. Given the recent strength of the SP its not surprising (for KLN) there's been a significant amount of selling.With the Mkt Cap on the cusp of going under £5m again this in my view looks undervalued PROVIDED the awaited Interims confirm the return to Profit and generally all round strong performance.I guess you take a view and make your choice but my own view is that while the SP has improved it should be capable of getting closer to 4p.B

GMD peddlar 02 Sep 2015

Good news ahead of results. Good contract win at Bham NEC gaming for 4 days for 3 years.price ticking up.I believe that brokers are a little nervous re new profit warning,(even though there is a guidance out in August 12th!!