(LRD) Laird
Summary
Buy UK shares for just £1.50. No hidden charges, admin or inactivity fees
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| 19-01-12 | RNS |
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RNS Number : 8695V Laird PLC 19 January 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 11-01-12 | RNS |
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RNS Number : 4034V Laird PLC 11 January 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 09-01-12 | RNS |
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RNS Number : 1822V Laird PLC 09 January 2012 9 January 2012
Laird PLC
Trading Update
Laird, a global leader in the supply of products and technology solutions used in network infrastructure, wireless connectivity, displays and industrial controls, today updates on trading following its financial year end on 31 December 2011.
Trading in the fourth quarter has continued to follow the trends of the third quarter, as set out in our Interim Management Statement on 27 October 2011. For the year as a whole, we are confident of delivering underlying* earnings of not less than 16 pence per share, in-line with our target.
2011 was a year of progress for Laird, advancing our strategic objectives and focusing on delivering on our targets and commitments. Our overall market position remains strong and we continue to benefit from operating within diverse end markets and with a broad customer base.
* underlying earnings per share are stated before exceptional items, the amortisation of acquired intangible assets, deferred tax on acquired intangible assets and goodwill, the gain or loss on disposal of businesses, the impact arising from the fair valuing of financial instruments and acquisition transaction costs.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 08-12-11 | RNS |
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RNS Number : 5935T Laird PLC 08 December 2011
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 10-01-12 | ||||
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| 01-12-11 |
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Posted by
Nick Fletcher Thursday 1 December 2011 11.58 GMT guardian.co.uk http://www.guardian.co.uk/business/marketforceslive/2011/dec/01/capital-goods-bid-targets Six UK groups tipped as possible bid targets by Credit Suisse Analysts look at capital goods companies which may prove attractive to large global players With a number of bid approaches in the last six month for UK capital goods businesses - including Charter and Hamworthy - analysts at Credit Suisse have been looking for further targets. The bank estimates that the larger global players have firepower of around $130bn at their disposal, and has identified six companies which could be attractive to predators. The list does not include GKN, down 3.1p at 191.4p, which was recently rumoured to be in the sights of US group Quest Global Engineering. The six identified by analyst Jonathan Hurn and the Credit Suisse team are: Spectris [down 14p at £12.38] : A structurally better company this cycle versus last with a strong track record of cash generation. Currently trading on a 17% discount to the sector on 2012 estimated earnings and to US peers who in our view remain potentially the most likely suitors. Rotork [down 8p at £18]: Trades at a 60% sector premium on 2012 estimated earnings. However, prospective global Capital Goods M&A enterprise value/EBITDA multiples have averaged 10.6 times over the last 18 months (higher for oil and gas assets) versus a 2012 enterprise value/EBITDA multiple for Rotork of 10.4 times, thus valuation is not a constraint, in our view. Fenner [down 4.7p at 387.3p]. Global leader in heavy weight conveyor belting. Mining equipment suppliers increasingly looking to supply a complete suite of products to their customers. Caterpillar recently acquired ERA mining machinery on a prospective 12.5 times earnings. Fenner trades on 6.1 times. Halma [down 4.4p at 340.8p]. A specialized business model but one that has overlap with US peers. Laird [down 8.1p at 148.8p]. Chief executive Peter Hill's recent stepping down due to illness might prompt potential acquirers such as US based Cooper Industries to revisit Laird once its lock-up on the previous failed bid expires in February 2012. Weir [up 16p at £20.76]. 51% of group earnings will be derived from oil and gas, predominantly upstream, in 2012. We see the desire to broaden product, increase regional exposure and add economies of scale to foster more combinations within US oilfield services. Weir trades on 8.9 times 2012 estimated enterprise value/EBITDA. The acquisition of Well Support (Wood Group) by GE equated to a prospective 14 times. |
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http://www.brokerforecasts.com/companies/LRD/Laird+PLC Goldman Sachs Laird PLC 30/11/11 06:44 Upgrades Sell Neutral 2 140.00 170.00 30 GBP JP Morgan Cazenove Laird PLC 29/11/11 07:11 Reiterates Overweight Overweight 214.00 -214 2 |
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Virgil's Aeneid, Book 2, 19 BC:
"Do not trust the horse Trojans. Whatever it is, I fear the Greeks even when they bring gifts." Sophocles (496 - 406 BC), in Ajax: Nought from the Greeks towards me hath sped well. So now I find that ancient proverb true, Foes' gifts are no gifts: profit bring they none. Well 2500 years later and nothing has changed! Just when you think the Greek saga is over and the markets have settled the Greeks revert to their historical traits. At least LRD is holding up after their positive trading update last week. If it wasn't for this Greek Tragedy we could be in the 160's by now. I think all you can do in this market is hold on and wait for this thing to play itself out. I still can't believe a country as small as Greece is able to hold 7 billion other people to randsome???? Surely some clever people can work this problem through. How the hell did the markets survive two world wars and total economic devastation? Certainly not by throwing in the towel over something trivial like this!!! |
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They have not been approved or issued by Interactive Investor Trading Limited.
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