anyone have an idea why this has been flying over the last week? had Hutchings finally bought something?

interesting levels now...

so you think hutchings will fail???

he is the only reason i hold and he is the reason why there is a "tycoon premium" in the price. without him, i agree, LUPUS is sub 8p.

Hutchings been out of the thick of things for a long time.
In my opinion time can be the great changer. He made a lot of money.
If is difficult to come back when much older, the desire isn't there.

he has a huge point to prove and if he hadn't bought into lupus i would agree but the hunger for these old boys is there and in my mind he will make a purchase which will make front pages everywhere. couple of years down the line he takes a chairmans role and sits back.
i totally agree that the environment has changes and if u look at my views before i have stated that the days of stealing an industial firm firesale style is long gone with all the PE money sloshing around.
i am sitting on a small holding so lets just see....

More than a year since Mr Hutchings took the helm.
When will they reach Treasure Island ??
I am sure that ANY announcement will move the price sharply
C'mon, let us know what's happening, at least an update on the prospects.

i agree, it is getting dull....

Has anyone been in touch with Lupus to gain a progress update?

Any Idea when the final results are out ??

Last year was 30th March

I have sent an email to the company and will post when they reply.
rgds
PT

Well Lupus bounced off it's recent lows in a quite spectacular fashion.

Does this mean an announcement is imminent??

Well it's about time Mr Hutchings.

Peter

our patience is certainly wearing thin!

Down again.

If it wasn't for the fact that the accounts appear to be late then I would consider this a buying opportunity.

Just what is going on with LUP?

no idea. sticking with it, for now.

when were the accounts due?

28/4/05 according to some sources.

I thought it was the beginning of April.

i have just spoken to the company and they have confirmed the 28 April.

rgds
PT

Hopefully the accounts are late so as to include the new that we have all been waiting for ??
I live in hope.

Peter

"new" = "News" sorry all

pj, there is a way to edit by clicking on there blue word "edit" next to your post. (and NO i am not taking the mickey i am being a considerate poster!)

Not Much Detail, but this just released.
Anyone got more detail ??

Peter

=====================================================


Lupus Capital plc


Lupus Capital plc announces its unaudited preliminary results for the
year ended 31 December 2004

Highlights


* 2,974,000 * pre tax profits
* 0.94p* earnings per share
* 0.39p dividend per share
* strong cash generation
*Adjusted for goodwill, employee benefit scheme charges and
exceptional items.


Greg Hutchings, Executive Chairman, said:
The foundations of the Group are strong. We have a clear strategy, a
sound balance sheet, good operating activities generating cash and an
enthusiastic entrepreneurial management team ambitious to drive Lupus
Capital plc forward. I am confident that we have the right platform
to deliver value for shareholders.


For further information please contact:
85 Buckingham Gate, London SW1E 6PD
Telephone: 020 7976 8000 Fax: 020 7976
8014
E-mail:
Enquiries@lupuscapital.co.uk

More Meat from UKWire

Chairman's Statement

Dear Shareholder,

The financial year ending 31 December 2004 was an eventful one for
your company. In January, I personally invested several million
pounds in the shares of Lupus. This was quickly followed by the
appointment of Denis Mulhall as a director who, also, made a
significant investment into share ownership. Operational management
was reorganised, incentive schemes installed and a mergers and
acquisitions function added. The balance sheet and share premium
account were restructured by means of a capital reorganisation in
order to allow the continuation of the payment of dividends. All
these were achieved through a series of Extraordinary General
Meetings supported by full documentation for the approval of
shareholders.

Our trading results have been good, however acquisition progress has
been frustrating. We have been involved in numerous potential
purchases, but none so far have been consummated. While it has been
tempting to succumb to short term opportunities for the sake of being
seen to be active, we have managed to resist buying anything that
would not be in the long term interests of shareholders. Patience
and value have to be our watchwords if we are determined to build up
Lupus into a major industrial concern. We continue to be diligent
and resolute on making value producing acquisitions.

I would like to thank our non-executive directors, Mr Fred Hoad (our
lead non-executive director), Mr Roland Tate and Mr Konrad Legg (who
retired from the Board on 17 January 2005) for all their wise advice
and patience in dealing with the many complicated issues.

Results for the year
Our financial results for the year to 31 December 2004 were good.

Adjusted pre-tax profits were 2,974,000 (2003: 2,848,000) before
goodwill, the lesot charge and exceptional items. After tax, this
translates into earnings per share of 0.94p (2003: 1.20p) out of
which we are paying a total full year dividend of 0.39p net (2003:
0.37p). Gall Thomson Environmental, our main subsidiary, performed
well increasing profits by 4.0%.

The reported Group pre-tax result for the year was a 5,790,000 loss
(2003: profit 1,908,000), after taking 740,000 of goodwill,
exceptional charges of 1,309,000 and a 6,715,000 non-cash lesot
charge. After tax, this translates into a loss per share of 2.82p
(2003: profit 0.65p).

Dividend
The cash generation of your company is excellent and the Board is
recommending a full year dividend increase of just over 5%. This
means a final dividend of 0.264p per share (2003: 0.25p per share)
making the total for the year ending 31 December 2004 of 0.39p (2003:
0.37p per share).

Employees
I would like to thank, on behalf of all shareholders, all our
employees for the hard work and dedication shown over what has been a
transforming few years.

Background
In early 2004 I personally invested several millions of pounds in the
shares of the Company as I felt it was an excellent base from which
to build a major industrial enterprise. Denis Mulhall, with whom I
worked at Tomkins plc, has also invested personally. We chose Lupus
for a number of reasons:
* The existing non-executives and their advisors had
reorganised and rationalised the Group, leaving it free of any
debts;
* As can be seen from the financial results, Lupus produces
good figures and continues to demonstrate underlying reliability of
earnings;
* Gall Thomson Environmental has growth potential;
* The reliable cash generation provides a sound base for
paying dividends; and
* Unlike many listed companies, there is no pension deficit
as only defined contributions schemes are in use.

Strategy
Our strategy is to build shareholder value through the acquisition of
undervalued or under-managed businesses, using a spectrum of funding
instruments, where with the application of our management skills and
systems we can achieve greater profitability. Once they have been
improved and potential long-term growth configurations installed, we
would expect to realise a gain through a variety of exit mechanisms.

Our strategy is very similar to that which we developed at Tomkins
plc, with one key exception. Institutional investors in the public
markets are not sympathetic to public conglomerate organisations;
they have, however, even though with very diverse interests, favoured
private equity structures. We intend to follow private equity
principles with investment exits by demergers or sale and cash
returns to shareholders when appropriate.

The speed and management experience we possess together with the
flexibility of being able to offer an on-going interest should give
us a competitive edge over private equity competitors. In addition,
we have proven management skills and systems, as well as the
application of financial modelling.

Our approach to sectors will be very disciplined and with a clear
focus. Target companies will be involved in industrial manufacturing,
processing or services or distribution for industries, businesses or
consumers. Retailing, financial services, property and media are
outside our range. Our key requirements are asset based, positive
cash flow, under-valued or under-managed, but not loss making,
companies. In addition we will target fragmented industries, seek
consolidations, as well as develop organic growth opportunities.

We will choose to operate in stable markets where the technology is
low-risk rather than markets exposed to quick innovation and sudden
obsolescence. We prefer to sell high quantities of inexpensive items
or fulfil a high volume of contracts as opposed to a small number of
very significant cost constituents.

We expect to inject our management skills, operating systems,
financial control mechanisms and strategy experience to improve
profitability and financial efficiency.

Our industrial focus and business experience of acquiring,
stabilising, controlling, investing in and developing businesses,
together with a strong existing operation gives Lupus Capital plc
exciting prospects.

Current status
Shareholders will know that Lupus Capital plc is listed on the London
Stock Exchange and classified for historical reasons under
"Speciality and Other Finance". We intend to remain with this until
such time as the composition of the Group changes, when a more
appropriate sector will be selected. As of the end of March 2005 our
market capitalisation was approximately 31.5m. Gall Thomson
Environmental Ltd., which is our main operating company, will be
retained within the Group.

Business of Gall Thomson Environmental
Gall Thomson Environmental Ltd. is the world's leading supplier of
marine breakaway couplings. Its subsidiary, KLAW Products Ltd., is a
supplier of industrial couplings including quick release couplings
and breakaway couplings.

A Gall Thomson marine breakaway coupling is used in the oil and gas
industry to enable a loading line to part safely and then to shut off
the product supply in the event of a vessel moving off station during
the loading or discharging of oil and gas products, whether at
offshore moorings or jetty terminals. The purpose of the breakaway
coupling is to prevent environmental pollution and damage to pumping
and transfer equipment. Gall Thomson Environmental also supplies the
quick release Welin Lambie camlock coupling which is used in the hose
and loading arm system for the transfer of oil and gas products.

The greater number of our couplings are designed and made to order
for the major oil producers. Stock and working capital levels are
thus easily visible. There is also an increasing demand for
refurbishment of our products which have been in use for many years
and exposed to the elements. The excellence of the couplings and
their technology together with the huge environmental and financial
consequences of risking less established products gives Gall Thomson
Environmental a significant advantage and strong market share.

The principal activity of KLAW Products Ltd is that of the
manufacture, assembly and distribution of industrial quick release
couplings to the oil and gas industries, such as refining,
exploration and construction. They are also used in the
transportation of product by road and rail.

Outlook
Gall Thomson Environmental is a reliable business and looks forward
to continued success. There are opportunities in most areas of the
world due to an increase in world floating production systems, as
well as the traditional Single Point Mooring business. The drive to
exploration in deeper waters (greater than 1,000 metres) which
require off loading techniques as opposed to pipeline infrastructure,
provides a sound basis for the Gall Thomson Environmental business in
the short and long term. KLAW has started the year well. During
recent years new products have been developed, which, together with
the existing range and having become CE markings approved, are
generating higher sales and increasing market penetration.

The foundations of the Group are strong. We have a clear strategy, a
sound balance sheet, good operating activities generating cash and an
enthusiastic entrepreneurial management team ambitious to drive Lupus
Capital plc forward. I am confident that we have the right platform
to deliver value for shareholders.


Greg Hutchings
Chairman
28 April 2005