LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

6.63p
   
  • Change Today:
    -0.13p
  • 52 Week High: 11.45p
  • 52 Week Low: 6.38p
  • Currency: UK Pounds
  • Shares Issued: 121.70m
  • Volume: 27,098
  • Market Cap: £8.06m
  • Beta: 0.36

London close: Miners and insurers drag Footsie lower

Date: Wednesday 18 Mar 2009

  • Market Movers
  • techMARK 1,133.68 -0.53%
  • FTSE 100 3,804.99 -1.35%
  • FTSE 250 6,191.70 -0.32%

LONDON (ShareCast) - A poor performance from miners and some (but not all) insurers ensured Footsie, which actually started brightly, ended firmly in the red.

The life assurance sector was a mixed bag. Old Mutual went well after the life group closed its US Life offshore unit, Old Mutual Bermuda, to new business. Legal & General was also on the climb but Prudential was weaker ahead of tomorrow’s results while Aviva surrendered early gains and slipped into the red.

In the banking sector, reports of a good start to 2009 have prompted demand for Royal Bank of Scotland while Barclays was also wanted on hopes that it will dodge the need for a cash call by selling off its iShares business.

Elsewhere in the financial sector Standard Life, HSBC and Land Securities all trade lower in ex-dividend form.

Claims by Rio Tinto’s chief executive Tom Albanese that shareholders were coming round to the board’s view that the Chinalco cash injection was a better option for the company than a rights issue are beginning to sound hollow, as rising shareholder unrest sends the share price lower.

Venture Production is the best performing FTSE 250 stock after British Gas owner Centrica paid almost £240m for a 22% stake in the oil producer and said it was contemplating making a a cash offer for the whole company.

Centrica bought just over 33m shares at 725p each, a 25% premium to last night’s closing price.

Meanwhile, another oil company, Bowleven is also the subject of bid speculation. The West Africa focused oil firm has received a possible 150p per share cash offer from an unnamed suitor and said it would probably accept an offer at that price if a firm proposal were made.

French Connection has scrapped its final dividend after a “disappointing” set of full year figures that saw the fashion retailer plunge deep into the red. It posted a loss before tax of £17.4m for the year ended 31 January 2009 due to an £11.9m impairment charge versus a profit of £3.1m in 2008.

Bus and train group Stagecoach has agreed a new joint venture to operate the sightseeing services of its Gray Line New York unit and the business of CitySights NY.

Building and insulation products firm SIG has launched a £341m cash call to shore up its balance sheet after profits plunged last year. Some 454m new shares will be issued though a combination of an open offer and firm placing, both at 75p each.

Bid target and leisurewear retailer Blacks Leisure is to take one-off provisions of £5m this year as exits its struggling boardwear business. Trading so far this calendar year has been in line with expectations, it added, with the Outdoor business performing well in a tough prevailing retail market but the Boardwear business continues to trade poorly. Talks are still ongoing with a potential bidder, Blacks added, but remain at an early stage.

Countermeasures and ordnance specialist Chemring is confident that the outlook for 2009 remains in line with expectations. Trading at both its Energetics and Countermeasures divisions for the four month period to the end of February continued to be strong, with revenues and operating profits in excess of 50% higher than 2008.

Property developer Quintain Estates tends firmer on rumours that it is close to announcing plans to raise £100m by means of an open offer.

The share price of JSJS Designs jolted into life after the group confirmed that it is collaborating with a subsidiary of Germany’s Siemens, to develop a range of door chime products for the retail and wholesale electrical markets in the UK and Europe.

IT services group RDF could see profits wiped out if it fails to recover £300,000 owed to it by a significant client that’s gone into administration. If that bad debt becomes irrecoverable, “it is likely that the company will be close to break even at the operating level for the full year”, it warned.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LightwaveRF Market Data

Currency UK Pounds
Share Price 6.63p
Change Today -0.13p
% Change -1.85 %
52 Week High 11.45p
52 Week Low 6.38p
Volume 27,098
Shares Issued 121.70m
Market Cap £8.06m
Beta 0.36

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.61% above the market average9.61% above the market average9.61% above the market average9.61% above the market average9.61% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
74.56% below the market average74.56% below the market average74.56% below the market average74.56% below the market average74.56% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth
49.94% above the market average49.94% above the market average49.94% above the market average49.94% above the market average49.94% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

LightwaveRF Dividends

No dividends found

Trades for 18-Oct-2019

Time Volume / Share Price
16:00 5,898 @ 6.50p
15:40 1,200 @ 6.52p
15:34 20,000 @ 6.50p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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