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 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.