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

Just look at the forecast NAV for 2010 and 2011 and then tell me its not undervalued.....

212.58p and 318.43p.

Its a Strong Buy imo.

Laird should have taken the cash offer of 185p by Coopers Industries in June.

Broker Buy Targets...

Date Company Name Broker Rec. Price Old target price New target price Notes

13 Sep Laird PLC Espirito Santo Execution Noble Buy 225.90 275.00 275.00 Retains
12 Sep Laird PLC JP Morgan Cazenove Overweight 225.90 245.00 245.00 Reiterates
17 Aug Laird PLC UBS Buy 225.90 198.00 235.00 Upgrades
03 Aug Laird PLC Goldman Sachs Neutral 225.90 208.50 235.00 Retains
27 Jul Laird PLC Numis Buy 225.90 250.00 250.00 Reiterates
26 Jul Laird PLC Investec Buy 225.90 225.00 - Reiterates

Espirito Santo leading the way with
a Target SP of 275p.

NORWICH & PETERBOROUGH BUILDING SOCIETY

GF - are you still in these?

IMS due shortly.

Interim Management Statement

Revenue in the third quarter was £133 million (2011: £121 million), up 10% on the prior year. Revenue expressed in US Dollars was $210 million (2011: $195 million). On an organic* basis, revenue was 2% higher year-on-year in the third quarter of 2012, with the month of September showing double digit growth year-on-year. Revenue in the third quarter of 2012 increased 4% on the second quarter of 2012.

Year-to-date revenue at the end of the third quarter was up 3% compared to the prior year, but 2% lower on an organic* basis. For the same period operating margins have improved over the prior year as a result of vertical integration efficiencies and the rationalisation of certain product lines to exit lower margin business.

Our financial position remains healthy with net debt in-line with previous expectations for the full year.

Good solid results imo.

One electronic firm bucking the trend of recent results in the sector.

Yep still in Skinny going to add on march contract at some time.

24 Oct Laird PLC LRD JP Morgan Cazenove Overweight 217.00 216.50 245.00 277.00 Reiterates

RNS Number : 1993Q

Laird PLC

02 November 2012

LAIRD COMPLETES EXIT OF HANDSET ANTENNAE BUSINESS

Laird PLC ("Laird"), a global technology company focused on providing components and solutions that protect electronic devices from electromagnetic interference and heat, and that enable wireless connectivity through wireless applications and antennae systems, today confirms the completion of the sale of its Handset Antennae business assets to Shenzhen Sunway Communication Co., Ltd ("Sunway").

Laird PLC announced on 8 March 2012, the sale of assets and the entire issued share capital of Laird Technologies (Beijing) Co., Ltd. for RMB 198m (c.GBP20m) subject to a minimum level of working capital and subject to certain regulatory approvals being received by Sunway. These approvals have now been obtained.

The transfer of funds for RMB 156m net of RMB 17m withholding tax has been received, as adjusted to reflect an estimate of working capital at completion.

The finalisation of this transaction completes the exit from the Handset Antennae business and allows us to focus on driving our business forward.

Glad thats sorted.

A buy in this weeks shares mag - With a PE of just 9.9 compared to the sector's 15 times rating. Narrowing the gap over the next six months even to a PE of 13 would put the shares on track for 280p .

Back on the rise.

trading statement due?

9th Jan last year

It must be imminent - nothing on their website.

Short & Sweet!

Trading Statement

We are well placed to meet our expectations for 2012 following the trading we have seen in the fourth quarter and reaffirm our intention to recommend a total dividend of 10 pence for 2012.

2012 Preliminary results will be announced on 1 March 2013.

StockMarketWire.com

Laird has appointed Espirito Santo Investment Bank as joint corporate broker alongside JP Morgan Cazenove.

Final Results

Highlights

Financial:

· Revenue from continuing operations of £520.2 million, up 6% on 2011

· Underlying profit before tax(i) of £60.7 million, up 17%

· Profit before tax from continuing operations £45.1 million, up 54%

· Improvement in operating margin to 13.1% (2011, 11.9%)

· Full year underlying earnings per share(i) of 19.1 pence, up 18%

· Statutory basic earnings per share 17.5 pence (2011, (44.8) pence)

· Final dividend per share declared of 6.6 pence (2011, 5.3 pence). Total 2012 dividend of 10.0 pence, in-line with previously announced dividend recommendations (2011, 8.0 pence)

· Cash conversion of 109% (2011, 104%)


Operational:

· Additional capacity on stream to meet strong demand for tablets and smartphones

· Strong margin improvement from new products, vertical integration, withdrawal from low margin business and operating efficiencies

· Major Telematics automotive long-term contracts won for H2 2014