Way way too cheap in my opinion this one.

Trading on a prospective P/E of just 8.4 to 2011. Very cheap.

Just look at the projected NAV aswell come 2011...... 318p per share.

Loads of value here.

Some bullish broker notes out in the market.

Laird PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
16-09-10 HOLD 39.00 11.71 6.30 52.50 15.76 6.62

Arden Partners
15-09-10 BUY 40.00 11.90 6.30 53.78 15.90 6.70

Altium Securities
03-09-10 BUY 45.00 13.20 6.00 57.00 16.90 6.50

The Royal Bank of Scotland NV
08-07-10 HOLD 40.37 11.33 8.50 50.77 21.04 10.00

Singer Capital Markets Ltd [R]
04-02-10 BUY 40.82 11.85 5.98 46.63 13.54 6.83

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 40.94 12.05 6.61 53.64 16.98 7.20

1 Month Change 0.07 0.02 -0.02 0.07 -0.02 -0.02
3 Month Change -1.60 -0.52 0.34 -0.20 0.79 0.48


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS -78.34% 248.91% 40.94%
DPS -33.67% -3.29% 8.92%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 54.70m 66.75m 78.72m

EBIT 19.10m m m

Dividend Yield 4.74% 4.58% 4.99%

Dividend Cover 0.50x 1.82x 2.36x

PER 41.76x 11.97x 8.49x

PEG -0.53f 0.05f 0.21f

Net Asset Value PS 13.97p 212.58p 318.43p

StockMarketWire.com
Laird plans to raise up to £185 million through an underwritten rights issue during the first quarter of 2017.

The company says trading is in line with the update issued on 19th October. Full year underlying profit before tax is expected to be around £50m for 2016 and we expect year end net debt to EBITDA to be within the Group's covenant of 3.5x.

It says the operational improvement programme remains on track. The programme will deliver annualised savings of at least $20m from 2018, with $15m expected in 2017. The total P&L cash cost of the project remains at c.$60m, much of which was provided for in 2015, with c.$30m paid by the end of 2016 and the balance of c.$30m to be spent in 2017.

But the company says the board recognises the high level of leverage (including the impact on reported net debt of the weakness in sterling) and the limited covenant headroom. It has determined that it is in the best interests of shareholders to proactively address the group's financial position.

The board is targeting a capital structure of between 1.0 x to 2.0x net debt to EBITDA in the medium term

Laird says the benefits of a strengthened financial position would be that it:

- Enables continued investment in 2017 to deliver the previously announced operational improvement programme and the associated benefits in 2017 and 2018

- Enables continued investment in opportunities for future growth, in particular in relation to the CVS business

- Provides the financial strength required to demonstrate our ability to support our customers

- Provides a strong foundation from which to assess the optimal route to maximise shareholder value in Performance Materials and particularly Precision Metals

In light of the proposed rights issue, the board intends that no final dividend will be paid in respect of 2016.

Chief executive Tony Quinlan said: "We have identified and assessed the measures required to provide the financial strength and foundations necessary to be able to return Laird to growth.

"Our focus now is on delivering day to day excellence in our operations, including driving the efficiencies from the operating model changes; being wholly customer focused, making Laird easier to do business with. We will also pursue cost efficiency in manufacturing processes as a key deliverable.

"Laird remains fundamentally well positioned in its key growth markets, notably in rapidly evolving ones such as connected vehicles. The proposed amendments to the debt facilities covenants and the proposed Rights Issue will provide us with the balance sheet strength required to take the business forward with confidence."

Admission of Nil Paid Rights
The Company today announces that, pursuant to the fully underwritten rights issue (the Rights Issue) announced on 28 February 2017, 217,156,300 New Shares of 28.125 pence each will be admitted to listing on the premium listing segment of the Official List of the Financial Conduct Authority and will be admitted, nil paid, to trading on the London Stock Exchange plc's main market for listed securities at 8.00 a.m. today.

StockMarketWire.com
Laird has received valid acceptances for 207,345,871 ordinary shares under the four for five rights issue announced on 28 February - a 95.48% take-up.

Laird said J.P. Morgan Securities and Numis Securities would now seek to procure acquirers for the remaining 9,810,429 new shares not validly accepted.

StockMarketWire.com
Laird's underlying operating profit rose by 40% to £29.6m in the six months to the end of June following a much improved performance, with encouraging progress across all three divisions.

Revenues were up 25% at £440.5m and underlying pre-tax profits were up 47% at £24.1m.

Chief executive Tony Quinlan said: "This is a much improved first half performance. I am encouraged by the progress in all three divisions, which reinforces our expectations for the full year, which remain unchanged.

"The recovery has been underpinned by our relentless focus on driving operational improvements and this remains an ongoing priority for Laird.

"We are establishing stronger foundations which will leave us better placed to take advantage of the significant future growth opportunities that exist in our end markets."

Can this Apple supplier bounce again?

08/02/18
Stifel today upgrades its investment rating on Laird PLC (LON:LRD) to buy (from hold) and cut its price target to 135p (from 160p)

RECOMMENDED CASH ACQUISITION
of Laird PLC ("Laird")
by
AI Ladder Limited ("Bidco") a wholly-owned indirect subsidiary of funds managed by Advent International Corporation ("Advent")

Summary
· The boards of Bidco and Laird are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Laird by Bidco. The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.

· Under the terms of the Acquisition, Laird Shareholders shall be entitled to receive 200 pence in cash for each Laird Share held, representing an attractive premium of approximately:

· 72.6 per cent. to the closing price per Laird Share of 115.9 pence on 28 February 2018 (being the latest practicable date prior to publication of this Announcement);

· 67.1 per cent. to the volume weighted average price per Laird Share of 119.7 pence for the one month period ended 28 February 2018 (being the latest practicable date prior to publication of this Announcement); and

· 53.0 per cent. to the volume weighted average price per Laird Share of 130.7 pence for the three month period ended 28 February 2018 (being the latest practicable date prior to publication of this Announcement).

· The Acquisition values the entire issued ordinary share capital of Laird at approximately £1 billion on a fully diluted basis.

· If any dividend or other distribution is authorised, declared, made or paid in respect of Laird Shares on or after the date of this Announcement, Bidco reserves the right to reduce the Acquisition Price by the aggregate amount of such dividend or other distribution.