AFL FJARFESTINGARFELAG HAS BUILT UP A 17% HOLDING.

LWB Low And Bonar PLC stock looking very bullish at the moment . target SP 105p.

Medium Term Chart.



Long Term chart.



Fundies.

You will see that the historic P/E is 23.7 but the forward P/E for 2012 is only a miserly 12.2. Theirs plenty plenty of upside in this stock imo.

Low & Bonar PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Peel Hunt
27-05-11 BUY 21.99 5.16 1.90 26.00 6.08 2.30
Edison Investment Research
26-05-11 None 24.30 6.10 1.80 26.90 6.80 2.10
Altium Securities
25-05-11 BUY 21.40 5.10 1.70 25.90 6.10 1.90
Fairfax IS
17-05-11 HOLD 22.30 5.20 2.00 26.40 6.20 2.30
Numis Securities Ltd
08-02-11 ADD 21.20 5.00 1.76 25.10 6.00 1.94

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 22.38 5.36 1.84 26.19 6.27 2.13
1 Month Change 0.73 0.20 0.05 0.79 0.25 0.06
3 Month Change -0.14 -0.07 0.02 0.17 -0.03 0.01


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS -2.30% 96.83% 17.05%
DPS % 41.54% 15.71%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 38.50m 43.25m 47.45m
EBIT 18.80m 29.80m 33.50m
Dividend Yield 2.02% 2.85% 3.30%
Dividend Cover 2.09x 2.91x 2.94x
PER 23.70x 12.04x 10.29x
PEG -10.32f 0.12f 0.60f
Net Asset Value PS 9.03p p p

Interim Management Statement.

http://www.investegate.co.uk/Article.aspx?id=201103310700159852D

Low & Bonar PLC

Interim Management Statement

Low & Bonar PLC ("the Group"), the international performance materials group, today publishes its interim management statement providing an update on its business since 30 November 2010.

In comparison to last year, the overall demand for our products has been strong across all markets through a combination of economic recovery, new products and increased exposure to emerging markets. Raw material polymer prices have escalated further but we expect that we will continue to be able to pass through price increases, albeit with a time lag. As a result the full benefit of increased revenues will not be felt until the second half.

Performance within the Yarns business is improving and is on track to be profitable this year. The restructuring project is progressing to plan and the Ostend site will close in June.

Our joint venture in Saudi Arabia with NATPET, announced on 1 February, is being established. Construction of the production facility in Yanbu is expected to commence in the third quarter. The joint venture is well positioned to take full advantage of the high growth geotextile markets in the Middle East and the Indian subcontinent given its technological, marketing and raw material strength.

In spite of the very high polymer prices, we remain confident that the Group will deliver another year of substantial progress.



31 March 2011

LWB solid results excelent outlook statement

LWB Low and Bonar.

Chart oscilator Disparity Index shows that at present the index has a upper reach of +10 and a lower reach of -3 with the index still some way to go to reach +10 an ideal time to get on board the uptrend.

Disparity index being top oscilator and below it the RSI. Strange the labels havent come out.

Low & Bonar shares taking a beating today. Sales outnumbering purchases by over 4 to 1 apparently. And shares down almost 10%

Can't find any news.... anyone know what's happening?

Apparently not psd.

I've bought into these, 4%+ divi (xd 16/3/17) covered twice, I'll see how it goes.

Going along nicely.

Rightly or more probably wrongly I exited LWG today for a 22% profit in 2 months. Good luck all who hold.

http://www.iii.co.uk/articles/469293/one-small-cap-turnaround-stock-i%E2%80%99d-buy-and-one-i%E2%80%99d-avoid

One small-cap turnaround stock I’d buy and one I’d avoid
Fri, 15th December 2017 - 19:02
Share this

Small-cap investing can be fraught with danger even at the best of times, and when things turn sour, share price movements can be much more pronounced than with their large and mid-cap counterparts. Shareholder concerns can quickly turn to panic, with many investors heading for the exit at the first sign of trouble, leaving a decimated share price in their wake.

High-performance materials

But for those willing to dig deeper and differentiate between short-term issues and more serious underlying problems, there can often be great investment opportunities. I believe international performance materials group Low & Bonar (LSE:LWB) might well offer such an opportunity right now.

The UK-based firm produces advanced, high-performance materials from polymer-based yarns and fibres, which it then weaves and creates into products with exceptional strength and versatility using its own proprietary technologies.

Investors spooked

Low & Bonar's share price was moving along nicely, up from 65p at the start of the year to around 90p, but things went awry in October, when the group warned that challenging conditions for its Civil Engineering business meant that it was no longer expected to make a profit for the year.

Management stated that although year-on-year revenue was ahead on a constant currency basis, demand for higher value specification projects remains subdued, resulting in an adverse sales mix. Consequently, the expected improvement in financial performance in the second half of the year would not be achieved. Investors were spooked, resulting in a share price drop of 16% following the trading update.

Chinese sales

But I still see Low & Bonar as a solid long-term prospect. The group's Building & Industrial business unit continues to perform well, as are the Interiors and Transportation divisions, aided by strong sales growth in China.

Despite the recent challenges in the Civil Engineering business, analysts still expect the group to report solid revenue and earnings growth for the full year to November, and pay out an improved dividend. With the forward price-to-earnings ratio now down to just nine for the forthcoming year, and a prospective 4.9% yield, I see Low & Bonar as a bargain growth and income play to tuck away for the long term.


So a decent tip and only 555 shares traded so far this morning. It appears everyone is on Bitcoin and PI's don't invest long term in the stock market any longer.

Well. Having bought some at 65.8p, I bought some more at 53.25p Not great seeing the price drop 20% just a few days after my first purchase.


Why I’m trying to catch this falling knife after today’s 20% slump

Rupert Hargreaves | Wednesday, 20th December, 2017 | More on: LWB
Image: Public domain

Shares in Low & Bonar (LSE: LBW) are crumbling this morning after the performance materials company announced its CEO Brett Simpson has jumped ship to peer Fenner.

Simpson has been at Low & Bonar since 2014, and during his time performance has been mixed. Indeed, at the time of writing, shares in the group are changing hands at 53p, 44% below the five-year high of 96p recorded at the beginning of 2014.

Simpson will remain an employee until the end of April but will resign from the board immediately. Non-executive director Trudy Schoolenberg has stepped in to take over the CEO role.
All change

According to today’s news release on the matter, Schoolenberg has been non-executive at Low & Bonar for four years and has “extensive executive experience in the chemical, technology and petrochemical sectors with significant engineering and product development expertise from over 20 years’ spent at Royal Dutch Shell.” So it looks like Schoolenberg is an excellent pick for CEO.

Alongside the news of the management reshuffle, Low & Bonar also issued a trading update today in which it noted a “weaker than expected” final quarter due to an adverse product mix and timing of sales. Due to these pressures, the group is expecting pre-tax profit for the year to range £30m and £31m, marginally below City expectations of £32.2m. Net debt is expected to increase to £138m at the end of the period, from £111m.

Although the market dislikes today’s update, I believe the declines are overdone and, as a result, I’m looking to buy into the group’s recovery.
Starting to look interesting

Even though the company now expects to miss City expectations for growth for the year, it’s still on-track to grow pre-tax profit substantially year-on-year. For the fiscal year ending 30 November 2016, the firm reported a pre-tax profit of £26m. So, even if profit comes in at the low end of expectations for 2017 (£30m), it is still set to grow by 15% year-on-year.

And according to my figures, after today’s declines, even with a lower level of profitability, shares in Low & Bonar are trading at a deeply-discounted multiple of around 8.5 times forward earnings. The shares also support a dividend yield of 4.9%, covered twice by earnings per share.

But it’s not just the low valuation that attracting me to the shares. The company has recently gained the attention of an activist hedge fund Sterling Strategic Value Fund SA.

Sterling claims to “work together with management and other shareholders to initiate change in a concentrated number of companies.” At the beginning of December, Sterling hiked its interest in Low & Bonar to 10.9%, from 6.9% previously, which indicates to me that the firm is looking to shake up the materials business to unlock value for shareholders.

This means that as well as an attractive valuation, steady growth, and market-beating dividend yield, there’s a catalyst that could ultimately unlock value for shareholders. That’s why I’m looking to catch this falling knife today.
Not suitable for all

With an activist on board, I think it's only a matter of time before Low & Bonar makes a turnaround. But if this company does not look attractive to you, I highly reccomend that you check out the business is profiled in this free report from the Motley Fool.

Our top analysts believe this opportunity could be one of the market's top small-caps that is set to generate outsized returns for investors over the long term.

Bought these Feb 2017 @ 70p and sold April 2017 for 85p and also received the 2p divi. So with that in mind I've bought in again.

Good luck with this.

I'm in at 65.5 and 53.0

I fail to see how missing the profit target by about a million to a million and a half on £32m validates a fall in share price from 90p to 53p.

Yeah I know it reduces the EBITDA from £51m to £49m and they have a pile of debt and net debt didn't come down by as much as would be preferred but it's still going in the right direction.

I think the market has lost the plot on this one. As it has on a number of stocks which involve making or building stuff.

Finals 31st January so not long to wait CC, I don't know whether they have any exposure to CLLN but would have thought they'd said so by now if they had.

There's a decent article here although I'm not sure how independent Edison are.

http://www.edisoninvestmentresearch.com/research/report/low--bonar317786/preview/#js

Seller at 53 has finished now and stream of buyers continue to come through slow and regularly.

Looks to me those there are a few flipping for a couple of pence who bought at 53 and 54. Inevitable I guess. I think they are getting exhausted bit by bit.

A few moderate sized trades this morning at 56 which seems a pretty good risk/reward to me.

Sterling buy again. Now up to 14%

Copy of results presentation from 31/01/18 here.

https://investors.lowandbonar.com/~/media/Files/L/Low-And-Bonar-IR/company-reports/final-results-2017.pdf

And audio file to go with it here
http://media.investis.com/L/LowandBonar/low-and-bonar-results-audio-310118.mp3


I've just spent the last 40 minutes listening to the audio file and now understand why the share price rose so positively. It's worth a good listen, defines a clear strategy and gives confidence the management are doing something about the issues.

At present I plan to exit half my position at 90 and keep the rest.

CC assuming you mean 90p and not 90 years old lol, I would be quite happywith that.

At their current 61p mid price LWB have a pe of 10 and a well covered yield of over 5%. The downside appears limited.

PCA of chair bought 50k at 62 the other day.

Share price nudging up a penny despite global sell-off and buyers being made to pay 62.

Unfilled buyer in last nights auction of 150k shares which I'm guessing it Sterling still collecting shares.

What I like about this amongst many things is only 5% of it's business is in UK and all it's manufacturing is based where it sells stuff. Also, it's loans match the exchange rate it trades in.

It gives me diversification away from UK, access to a global economy doing much better than UK, and no Brexit risk (I have plenty of that so anything to spread the risk a little is good for me)

As you say George the company has 10 years of distributable reserves so all good there

This is one where I have a high level of conviction we will see 90 again in the coming year and my biggest issue is trying to work out where to sell after that. I shall have to re-appraise nearer the time but if the management team get a grip like they say they will figuring out an exit won't be easy

I bought these 17th Jan this year @56p and managed to sell 31st May @ 53.75p----what a lucky escape. Not so lucky with ITV; MARS; SLA or WMH but hey ho! you win some and you lose some.


Our comments above are looking somewhat out of kilter now with the sp around 16p

I'm still in this and feeling the pain. My worst trade of the year by a long way and there seems no end in sight of the sellers.

I added at 20p but even that proved a problem as it's lost 5p in just a few days.

The sellers just keep coming and coming.

The thing is I bought this as it has no exposure to Brexit....

Ouch.

They have quite a large debt, but it's well below the current t/o. Nevertheless reading the RNS, it looks like Trading isn't as good as they'd hope and maybe a reduced dividend is almost certain ( at least something?).... so forget the notional yield of 19% caused by the sp falling from 50p to 15p ( -ish). Maybe a yield of about 4% would be reasonable, if this can prevent Fundraising - the fall in sp has been gradual, whereas if "sharp" I'd expect some folks already know what's about. At these levels, any Placing would have to be 12p-ish.... so maybe wait a while before "Topping-up" = Av Dn. - - - - Today sp=17p
Oh deary.....
AND - Can't Moderators remove this "Iceland" - Heading, for 2019.?