New 5+ year low today, and share price pretty much halved since Crawford and Brown took over last year. It does begin to look as if new LRM management haven't got a grip on anything whether costs, investor relations or managing their broker. Every announcement seems to be about new hires or new partnerships - may all be good but what investors care about is statements about the quantum of deals, that revenues are on track, and evidence that the money raised is not being wasted. Moving part of software development from Shanghai to Birmingham does seem to fall into the latter category.
Time for some more big changes at LRM before more shareholder value is destroyed ?
Commiserations C4V,
It always amazes me why individuals hold onto a stock in freefall.
And then if you flip the chart the other way up they would generally sell the stock climbing in the same manner for fear that the price improvement won't last.
My approach is the complete opposite of that strategy.
For me so many risk unattractive features with Lombard too ...
Tiny company (increasing risk)
No profit (game over for me straight away)
Reducing EPS estimates
Practically non-existent dividend that is not sufficiently covered
50% increase in number of shares over 5 years
Fails Paul Scott's balance sheet checks
Why on earth would I want to invest in a company with that profile when there are stocks out there that can generate a 20+% return in the last 3 months?
Here's a few examples ...
http://www.stockopedia.com/fantasy-funds/vishalmelmattis-fund-4974/
http://www.stockopedia.com/fantasy-funds/maxwells-demon-fund-6494/
http://www.stockopedia.com/fantasy-funds/quo-vadis-magister-4968/
http://www.stockopedia.com/fantasy-funds/albert-steptoes-fund-5121/
http://www.stockopedia.com/fantasy-funds/philhs-fund-4060/
http://www.stockopedia.com/fantasy-funds/tom-firths-fund-5198/
Best of luck
Phil