Jumped into this bullet proof little number today, mind you its had an incredible run, so I might have missed the big rise. Still if they keep using large chunks of cash to buy shares for the Employee Trust it seems like a no brainer. Anyway adding these to my new "safe" portfolio with ELECO PTI and CKN

I'm still holding these babes since 170p, last broker upgrade said 420 in 2004 but the way they are moving that will be reached 2003 easily.
Results due in December will reveal all

Results due on 2nd Dec

Landround Plc
02 December 2003

Embargoed 7am Tuesday December 2 2003

LANDROUND PLC ANNOUNCES RECORD PRELIMINARY RESULTS

Landround plc, the AIM-listed travel promotions company, announces its unaudited
results for the year ended 30 September 2003.

Highlights

Profit of 2,070,000 * (2002: 862,000*)
Earnings per share up 150 per cent at 27.4p (2002: 10.9p)
Turnover increased by 40 per cent to 9.9m (2002: 7.1m)
Recommended final dividend of 7.0p per share (2002: 3.0p) making total
dividend of 10.5p.
Voucher business strong, Ireland progressing well

* pre tax and amortisation of goodwill

Chairman, Michael Crompton, said: 'I derive satisfaction from the manner in
which these results were achieved and the promise that holds for the future of
Landround. We have put in place the management and infrastructure necessary to
support the future growth of the Group.

'I believe that Landround is managing the transition from a founder/manager led
business into a professionally structured company without losing any of its
entrepreneurial drive.

'Our voucher business continues to be strong, Ireland has made a wonderful start
and is progressing well, electronic Buy and Fly! will, we believe, contribute
significantly to that outstanding product's advance. I have reason to look
forward to the coming year with confidence'.

David Lyne, Chief Executive, said: 'Landround Marketing had a record year with
significant growth in sales and profits, both in the UK and Republic of Ireland.
The Landround voucher business has gone from strength to strength this year. We
are tapping into a rich new seam of business in the newspaper sector. In Ireland
vouchers have continued to gain momentum with Coca-Cola, Gallahers and Spar all
placing voucher business in the second half.

'Buy and Fly! has continued to extend its reach in the business to business
market and in staff incentives. A gratifying number of new trade clients in the
second half included a large contract with Antalis, a major paper manufacturer.
The Bank of Ireland has already renewed its first contract following the success
of the programme in incentivising its customers. Clearly, contract renewals will
play a major part in the longer term quality of earnings.

'We continue, in line with previous years, to develop new innovative promotions.
Our commitment to keep our portfolio fresh and relevant ensures that we always
have an attractive choice of travel promotions for our clients, over 70 per cent
of whom are returning as repeat business'.

Trading at 410-425 at midday. Onwards and upwards.

SATURDAY PRESS COMMENT 6th Dec
FT
THE LEX COLUMN. LANDROUND (on a forward p/e of 14; that reflects to some extent the potential of Buy and Fly if it can make the jump from business promotions to the consumer market; the company is confident that will happen in the next two months)

Some buyers returning to the share, tomorow last day of xd period.

Price rising, buy on line slashed to 500shares.

Good news as expected from the AGM statement, I like the "substantial" and the long term earnings prospects, a major contract announcement will be revealed later.

Finally, the price starts to recover. This is on the basis of the Buy and Fly! credit card deal with Morgan Stanley - to be announced on Monday. This was revealed a couple of weeks ago in Shares Mag, but no one took any notice.

>> beaufort

I noticed that but I think concerns about oil prices seem to outweigh the news. Lets see what happens tomorrow.

Ouch! Share price getting absolutley caned today on profits warning. Sounds like they have not managed their accounting very well - maybe they need a better FD! I'm not sure the share price deserves to be punished quite so hard.

bullet proof eh!!!!!!

A few months ago,the founder Michael Crompton,sold a lot of his holding to increase liquidity and satisfy institutional demand.Several years ago,the founder of Betterware,Stanley Cohen,sold a big stake at over 3.00 for the same reason.Later they fell to below 40p but he took them private at over 1.00.Now Landround have had a big fall the same could happen here.

Or have they been oversold and we are in for a rebound as per proteome sciences (prm). This was tipped in shares magazine as a share of the year, they must have something to say next week.

+ 2.50 ?
rgds aj

Morgan Stanley deal explains a lot.
rgds aj

Good solid director purchase today at 225p should help to steady the ship.

Morgan Stanley = success.I think so in this case.
rgds aj

+2.60 and climbing, aj. Nice to see it recovering.

Yes it'll recover, but probably not as far as 375 or whatever. It shows poor judgement on the management's part that they made such a major error. What's to say it won't happen again?

shares mag says its a knock back but nothing to stop it doing well in the future (but they would say that woundn't they).