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A-yut! But, I'm still trying.
any time table as to when we will know results?
big boys get what they want...LOL
Those should've been MY .09s.
AH's...
Math wise--that's a true statement...the SE is about $712M according to the last monthly report(MOR) filed with the BK court...
that's why most of us are here...to see how much of that equity remains when the proceedings are finished...
for instance-if "only" $15M remains-that's a buck a share-and on and on
GLTU
Question how true good this be:
Total Shareholder Equity $756,417,000 signed by "responsible party" CFO William Evans:
$756,417,000 / 15,471,000 shares = $48.89 pps
Noticed MM CARR picking up shares earlier this morning @ .09...interesting tidbits bolded below...
Carr Securities Corporation
Overview Visit Website Update Profile
For almost 50 years Carr Securities has been a market maker, risking its capital to buy and sell shares of public companies. Presently, Carr makes markets in over 1200 companies. Its philosophy is to pay attention to the balance sheet and to look for 'value'.
Carr's customers are primarily institutional value investors. Many of Carr's customers have used Carr as an outsourced trading desk because the firm has shown the ability to trade in the OTC markets as well as the NYSE and AMEX. Customers want two things: good execution (getting the best prices often under difficult conditions) and confidentiality. While good executions are always an issue, it is equally important to assure money managers that their executions are kept anonymous. This is often called protection from 'leakage'.
It is hard work finding value in small cap and micro cap issues. Many of the stocks are disliked, ignored or poorly understood - so it requires extensive research to uncover real value. Often these small companies lack professional investor relations that are capable of telling of the companies' progress. Therefore, when a value situation is discovered it is the result of hard work. There are also times when Carr's own traders are able, through its market activities, to uncover value investment ideas. Either way, Carr Securities works to protect its customers' proprietary information.
Carr Securities also provides trade execution for senior management of public companies. These trades can be either for corporate buy backs or for personal portfolio diversification. As a market maker with an expert team of traders Carr can facilitate low cost execution while avoiding market disruptions.
Carr prides itself not only on what it does but also on what it does not do. Carr does not accept retail accounts; Carr does not manage money or "pay for order flow". Carr does not 'shop orders' or trade against its clients. Clients realize this as a benefit.
Carr has also been the 3rd most active this year
http://otcbb.com/asp/tradeact_mv.asp?Issue=lfgrq&searchby=issue&sortby=volume&Month=7-1-2009&view.x=0&view.y=0&downloadname=mv200907.exe
ok, opened my position, can anyone share a valid backed up estimate of what could be left over. Also this is a chapter 11 so once liquidated does anyone know it the company plans on keeping the shares as a shell? money left in the company or distributed. anyone who can shed and educate me a little would be helpfull to me so i may build on my opening postion.
Tried to buy 1000 shares at .09...nada
I'm not selling...
G' mornin' Ma'am! Is there any way
to tell if these matters before the BK court
on 8-25 will be settled on that date,
or is the potential there for more continuances?
THX for the 10k @ .09
Excerpt from the Proposed Agenda :
The matters set for hearing are divided into the following categories for the purposes of this Proposed Agenda :
A. Introduction
B. Uncontested, Agreed or Settled Matters (4 Matters)
C. Continued or Adjourned Matters (1 Matter)
D. Contested Matters (14 Matters)
E. Adversary Proceedings (2 Matters)
PROPOSED AGENDA FOR THE 9th OMNIBUS HEARING SCHEDULED FOR AUGUST 25, 2009
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=f72e1a4e-a401-4ce9-bf5f-77dc306e2da3
There are no preferreds...
from the last 10Q filed pg 4...
http://sec.gov/Archives/edgar/data/877355/000100210508000361/f10qlafg093008.htm
SHAREHOLDERS’ EQUITY
Common stock, no par value, 45,000,000 shares authorized, shares
issued and outstanding: 2008 - 15,476,306; 2007 – 15,351,550
are their any prefered shares or just common stock
If the share price does not matter then why are you so excited and annoyed with what I post? Whatever I have posted are facts I retrieved from the filings. If that annoys you then I suggest you use the ignore feature.
The shareholder equity is $712M...
http://beginnersinvest.about.com/cs/investinglessons/l/blles3shrequity.htm
Shareholder Equity
Shareholder Equity is the net worth of a company. It represents the stockholders' claim to a business's assets after all creditors and debts have been paid. Shareholder equity is also referred to as Owner's or Stockholders' Equity. It can be calculated by taking the total assets and subtracting the total liabilities.
Balances out as all balance sheets have to. You are looking for Total Liabilities vs Assets = shareholder equity
Balance sheet is balanced with 712 mil in shareholder equity. Hence the reason all of us are buying this.
Can u help me im looking at the filed docs filed june 30 with total assets 1,226,301 as it equals the liability so how do we figure whats left over if it balances out? any help as to if im doing the calculations right? thanks
Consolidation at these levels is healthy paving the way for much higher pps in my opinion.
Then why is it at .12 if there is no reason?
I honestly don't think this is going to stay at .12 range much longer. Excellent buying opportunity even if it goes lower. I'm thinking LFGRQ might even recover to prior BK levels. There is no reasons why the share price can't move back to dollars. My thoughts.
Good for you. Hopefully you'll be rewarded handsomely soon.
Well, i keep adding a little on the down days.
There must be quite a few investors eying this one and waiting for it to go down so they can load up, in my opinion.
FYI.........it was not me??????????
I would have sold during the momo play
Beer money................
Fridays are usually the best time to buy or add in my opinion for that very reason so you may get your wish. If you don't though expect the fireworks next week.
I think the day traders from last week will sell EOD....
Beer money for the weekend cause the momo is gone.
Back to the lotto play that this is........
Usually it is the MM's marking it lower to get to a sound buy in pps!
Agreed. This is holding up so well.
Whoever it is, it ain't working in my opinion.
Looks to me like someone is trying to get this lower with those stupid 100 share trades also. Is it a mm tho ? Lol
Yes and look how silly MMs are throwing 100 shares here and there at the bid.
If there is buying pressure, sure. The good news in the meantime is it appears nobody is willing to sell.
Yes excellent news. A very reputable fund.
Very good news...IMO
LFGRQ building a nice base here. Should take us to the twenties soon in my opinion.
Well for the record still here - it may take some time but the MORs still looking good. All it takes is sifting through the flippers. You will always have those that buy that expect it to explode today and then sell bid when it doesn't. However - that brings the shareholder base price up slowly and surely.
Thanks Seabiscuit.
The Goldman Sachs ( GSCO ) buy-in is an important validation of the LFGRQ equity having residual value .
As the old saying goes , ' they know sumthin ' .
Renee
Short term - you are correct if you want to trade it. For those with patience - you are (extremely) WRONG!
Don't mind the fips/dips and chances to grab more as funds accumulate.
Just don't be empty handed at the final court date.
GL
Do some research before you post. Like I said, LFGRQ was bought by Goldman Sachs Funds. On 8/10/09 Glodman Sachs Fund symbol GSBTX bought over 28,000 shares also two Goldman Sachs Funds bought in June according to this post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38803542
Only $15.5 million shares with no Dilution. Not your typical pinkie junk. You know that the market cap of LFGRQ is just over $2 million but guess what as per the latest 8-K just filed on 8/18/2009 shareholder equity is valued at $712 million. Do you know 26% of the shares are owned by either insiders or over 5% holders according to Yahoo Finance.
I'll bet you can pick it up for .06-.08 next week.
"What's over? Please be a little more specific"
The uptrend is over. Volume is the power that moves stocks and this one is running out of steam/new buyers. See how the volume is trailing off whilst the the indicators are rolling over. Not good. No one likes to sell at the top because they never believe it's the top while it's being made but it's the right thing to do. LOL
http://stockcharts.com/h-sc/ui?s=LFGRQ&p=D&yr=0&mn=3&dy=0&id=p89814031079
It's fine if it does slow down up here.
Letting it consolidate at .15 is fine with me. I am in no rush.
It will go again, as more people figure out the financials on this thing and how low the o/s is.
This might take a year or a month. Its all just a waiting game now
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LFG, the Richmond, Va., title insurer, said on Wednesday that it and a subsidiary filed to reorganize under Chapter 11 of U.S. bankruptcy law. LandAmerica said it filed the petitions in U.S. Bankruptcy Court in Richmond. The unit that filed is LandAmerica 1031 Exchange Services Inc; Virgina Chapter / No other LandAmerica businesses have filed under Chapter 11, LFG said. LandAmerica also agreed to sell its two main title-underwriting subsidiaries Commonweaith, Lawyers & United Capital.
Bankruptcy Court Data:
Court: Virginia, Eastern, Case# 08-35994-KRH LandAmerica Financial Group, Inc.
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Kevin R. Huennekens
Date filed: 11/26/2008 Date of last filing: 12/01/2008)
EXHIBIT A TO VOLUNTARY PETITION
1. The Debtor’s SEC file number is 001-13990.
2. Except as otherwise indicated, the following financial data is the latest available
information and refers to the Debtor’s unaudited condition as of September 30, 2008 as
reported in the Debtor’s Form 10-Q (Quarterly Report) filed on November 10, 2008
(unless otherwise indicated below).1
a. Total assets $3,325,100,000
b. Total debts (including debts listed in 2(c), below) $2,839,800,000
The total purchase price for Commonwealth and Lawyers is approximately $282 million. Chicago Title Insurance Company ("Chicago Title") and Fidelity National Title Insurance Company ("Fidelity National Title") will pay a total of approximately $135 million in cash to LFG. Additionally, FNF will pay LFG a total consideration of approximately $147 million consisting of $47 million in cash, a $50 million subordinated note due in 2013, with interest at the 5-year treasury rate at closing plus 1 percent and approximately $50 million in FNF common stock valued at no less than $14.00 per share. The agreement also calls for Fidelity National Title's cash purchase of United for statutory book value at closing. United's statutory book value was approximately $16 million as of September 30, 2008
The agreement is subject to certain closing conditions and regulatory approvals, including the entry of final approved orders by the Chapter 11 court, Hart Scott Rodino approval and the receipt of Form A approvals from applicable state insurance regulators. The stock purchase agreement is subject to termination by FNF if the closing of Commonwealth and Lawyers does not take place on or before December 22, 2008. The United purchase is expected to close in the first quarter of 2009.
1:13p ET December 22, 2008 (PR NewsWire)
Fidelity National Financial, Inc. (NYSE: FNF) today announced that the Chapter 11 Bankruptcy Court has approved amended terms related to the acquisition of LandAmerica Financial Group, Inc.'s ("LFG") two principal title insurance underwriters, Commonwealth Land Title Insurance Company ("Commonwealth") and Lawyers Title Insurance Corporation ("Lawyers").
The amended terms will reduce the total purchase price for Commonwealth and Lawyers to approximately $235 million. Chicago Title Insurance Company ("Chicago Title") and Fidelity National Title Insurance Company ("Fidelity National Title") will pay a total of approximately $135 million in cash to LFG. Additionally, FNF will pay LFG a total consideration of approximately $100 million consisting of a $50 million subordinated note due in 2013, with interest at the 5-year treasury rate at closing plus 1 percent, and approximately $50 million in FNF common stock.
Additionally, the Nebraska rehabilitation court has issued an order to release Commonwealth and Lawyers from rehabilitation subject to the closing of the FNF acquisition of the two underwriters. FNF expects closing of the transaction to take place later this afternoon, December 22, 2008, subject to the satisfaction of all remaining closing conditions.
5:18p ET December 22, 2008 (PR NewsWire)
Fidelity National Financial, Inc. (NYSE: FNF) today announced the closing of the acquisition of LandAmerica Financial Group, Inc.'s two principal title insurance underwriters, Commonwealth Land Title Insurance Company ("Commonwealth") and Lawyers Title Insurance Corporation ("Lawyers"), as well as United Capital Title Insurance Company ("United").
The total purchase price for Commonwealth and Lawyers was approximately $235 million. Chicago Title Insurance Company ("Chicago Title") and Fidelity National Title Insurance Company ("Fidelity National Title") paid a total of approximately $135 million in cash to LFG. Additionally, FNF paid LFG a total consideration of approximately $100 million consisting of a $50 million subordinated note due in 2013, with an interest rate of 2.36 percent, and approximately $50 million in FNF common stock.
"The acquisition of these established title insurance franchises is an historic opportunity for FNF," said Chairman William P. Foley, II. "This combination creates the largest title insurer in the United States, with pro forma 2007 market share of approximately 46% and dominant positions in both the residential and commercial markets. We will have an unrivaled balance sheet, including an investment portfolio of approximately $5.5 billion and reserve for claim losses that will exceed $2.3 billion. We are thrilled to welcome these underwriters and their employees, agents and customers into the FNF title insurance family and are confident that Commonwealth, Lawyers and United will provide significant contributions to our ongoing goal of continually creating value for our shareholders."
Fidelity National Financial, Inc. (NYSE: FNF), is a leading provider of title insurance, specialty insurance, claims management services and information services. FNF is one of the nation's largest title insurance companies through its title insurance underwriters - Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title - that issue approximately 27 percent of all title insurance policies in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. FNF is also a leading information services company in the human resource, retail and transportation markets through another minority-owned subsidiary, Ceridian Corporation. More information about FNF can be found at www.fnf.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected
LandAmerica Financial Group, Inc.
Operating Divisions & Subsidiarie
Revised January 20th , 2009
Beech Fly, LLC
Buyers Real Estate Services, Inc.
Capital Title Group, Inc.
County Title Holding Corporation
Geodata Research Systems, Inc.
LandAmerica 1031 Exchange Services, Inc.
LandAmerica Alliance Company
LandAmerica Assessment Corporation
LandAmerica Commercial Search Services Company
LandAmerica Credit Services, Inc.
LandAmerica (Europe) Sarl
LandAmerica Home Warranty Company
LandAmerica Insurance Agency, Inc.
LandAmerica International Holding Company B.V.
LandAmerica LoanSource, Inc.
LandAmerica OneStop, Inc.
LandAmerica Property Inspection Services, Inc.
LandAmerica Services, Inc.
LandAmerica Valuation Corporation
LC Insurance Agency, Inc.
LFG Processing Corporation
LoanCare Servicing Center, Inc.
Orange County Bancorp
Palma, LaZar and Ulsh, LP
Residential Property Maintenance, Inc.
RQ Holdings, Inc.
Chart:
Charts depicted below used to show sudden drop in PPS. Due to failing Richmond Division.
Large Block Owners | 206 |
Total Number of Shares Held | 9.7M |
% Change in Ownership | -2% |
% Shares Owned | 77% |
Monthly Rotation | Number of Shares | Value of Change (MM) | % of Shrs. Outstanding |
---|---|---|---|
Buyers 2/28/09 | 3,270,918 | $27.16 | 33.3% |
Sellers 2/28/09 | 38,437,075 | $806.36 | 17.3% |
Institutions | 30 Holders |
Mutual Funds | 145 Holders |
Other Major Holders | 31 Holders |
Top 10 Institutions: | Top 20 Institutions: | Top 50 Institutions: | All: |
| |||||
---|---|---|---|---|---|
Old Republic ... | 1.5M | $17,599,704 | +26% | 9.9% | Low |
Waterstone ... | 1.4M | $122,074 | +23% | 8.8% | Moderate |
Dimensional Fund ... | 1.3M | $117,330 | +22% | 8.4% | Low |
LandAmerica ... | 812.9K | $27,191,538 | +14% | 5.3% | -- |
Chandler ... | 182.1K | $16,386 | +3% | 1.2% | Low |
Evans (G William) | 88.9K | $8,005 | +2% | 0.6% | Low |
Norges Bank | 62.6K | $1,517,250 | +1% | 0.4% | Low |
Byram Capital ... | 47.8K | $1,059,972 | +1% | 0.3% | Moderate |
Alpert (Janet A) | 43.9K | $752,292 | +1% | 0.3% | Low |
McCann (John P) | 33.8K | $579,555 | +1% | 0.2% | Low |
| |||||
---|---|---|---|---|---|
DFA U.S. Micro ... | 515.2K | $5,075,094 | +9% | 3.3% | Index |
iShares Russell ... | 249.4K | $6,048,532 | +4% | 1.6% | Index |
Vanguard ... | 145.2K | $3,520,615 | +2% | 0.9% | Index |
Fidelity Small ... | 111.6K | $1,099,260 | +2% | 0.7% | Growth |
iShares Russell ... | 107.7K | $2,610,682 | +2% | 0.7% | Index |
DFA U.S. Small ... | 107.3K | $1,057,319 | +2% | 0.7% | Index |
Vanguard Total ... | 106.9K | $2,592,349 | +2% | 0.7% | Index |
Vanguard ... | 98.4K | $2,386,709 | +2% | 0.6% | Index |
CREF Stock Account | 90.7K | $2,200,348 | +2% | 0.6% | Index |
Goldman Sachs ... | 84.0K | $827,134 | +1% | 0.5% | GARP |
02/27 OTC US Currency: USD
Price0.050 | Change-0.005 | % Change-9.091 | BidN.A. | AskN.A. | Open0.040 |
VolumeN.A. | High0.054 | Low0.040 | 52-Week High45.21(03/24/08) | 52-Week Low0.03(02/06/09) | 1-Yr Return-99.862% |
EARNINGS
Earnings Past 12 Months-17.140 | Quarter Est. EPS() N.A. | Quarter Est. EPS() N.A. | Year Est. EPS() N.A. |
Price/Earnings (Trailing)N.A. | Relative P/EN.A. | Earnings Growth RateN.A. | Estimated P/EN.A. |
FUNDAMENTALS
Shares (Millions)15.471 | Market Cap (Millions)0.774 | Float (Millions)13.482 | Return on Equity-4.167 |
Short -483,042.000 | Last Dividend ReportedN.A. Discontinued | Dividend Yield (Trailing 12mo.)700.000 | Relative Dividend Yield184.233 |
Price for LFGRQ:USSECTOR COMPARATIVE RETURNS
Chart the Performance of LFGRQ:US | LFGRQ:US SPX:IND |
Name | Shares | Estimated Value of Shares * | Holdings | Shares Outstanding | Turnover Rating |
---|---|---|---|---|---|
LandAmerica Financial Group, Inc. ESOP | 812,901 | 27.19 M | — | 5.26% | Low |
Evans (G William) | 88,944 | 3.51 M | — | 0.57% | Low |
Chandler (Theodore L Jr) | 182,065 | 3.12 M | — | 1.18% | Low |
Susquehanna International Group, LLP | 73,248 | 1.78 M | — | 0.47% | — |
Astheimer (Kenneth) | 24,364 | 961,647.00 | — | 0.16% | Low |
Alpert (Janet A) | 43,891 | 752,292.00 | — | 0.28% | Low |
McCann (John P) | 33,813 | 579,555.00 | — | 0.22% | Low |
Wishnack (Marshall B) | 17,313 | 515,581.00 | — | 0.11% | Low |
Foster (Charles H Jr) | 31,501 | 310,285.00 | — | 0.20% | Low |
Hill (Melissa A) | 17,733 | 303,944.00 | — | 0.11% | Low |
Please Note: In all fairness to the board here at LFGRQ, and the company itself please limit the discussions on the "Q" being dropped as this is a matter that is not controlled by us here and would be pure speculation on our part and may have a negative impact on those making decisions on investing with LFGRQ.
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