LSR/HLS Shares plummet!

SHAC | 30.10.2008 17:01 | SHAC | Animal Liberation

On Wednesday, October 29th 2008, LSR closed at a new low of: $15.12! Thats a 50% drop in share price in a month, now we need to keep it down!

For the past year, we have watched as Huntingdon Life Sciences (NYSE ticker symbol LSR) stock price rise higher and higher, due in large part to the cowardly New York Stock Exchange, which allowed LSR to list on its new ARCA exchange. In September 2008, LSR reached a record high of $39.30. During this summer, one after another of LSR's primary institutional investors have dumped their LSR shares, due to pressure from campaigners across the globe.

LSR's lowest share price in the previous 12 months was $17.51. We are happy to report that on Wednesday, October 29th 2008, LSR closed at a new low of: $15.12! Thats a 50% drop in share price in a month, now we need to keep it down!

Huntingdon Life Sciences continues to kill 500 animals every day. At any given time over 70,000 animals are held in the cold steel cages and dank concrete runs at HLS. There they wait to die. Please take a moment to contact LSR/HLS to let them know how you feel about their stock price plummeting.

USA

Andrew H. Baker
Chairman & CEO
Life Sciences Research Inc.
401 Hackensack Ave., 9th Floor
Hackensack, NJ 07601

Mark L. Bibi
Secretary & General Counsel
Life Sciences Research Inc.
401 Hackensack Ave., 9th Floor
Hackensack, NJ 07601

Richard Michaelson
Chief Financial Officer
Life Sciences Research Inc.
401 Hackensack Ave., 9th Floor
Hackensack, NJ 07601

Phone: 1-201-525-1819
E-mail:

LifeSciencesResearch@LSRinc.net

UK

Huntingdon Research Centre
Woolley Road
Alconbury
Huntingdon
Cambridgeshire PE28 4HS
UK
Tel: +44 (0) 1480 892 000
Fax: +44 (0) 1480 890 693

sales@ukorg.huntingdon.com

Eye Research Centre
Eye
Suffolk IP23 7PX
UK
Tel: +44 (0) 1480 892 000
Fax: +44 (0) 1480 890 693

sales@ukorg.huntingdon.com

Princeton Research Centre
PO Box 2360
Mettlers Road
East Millstone NJ 08875-2360
USA
Tel: +1 (732) 873-2550
Fax: +1 (732) 873-3992

sales@princeton.huntingdon.com

Please keep all communications with the above polite and informative. Let them know that abusing and torturing animals doesn't pay.

SHAC
Homepage: http://www.shac.net

Comments

Hide 1 hidden comment or hide all comments

It's no surprise given the debt levels...

30.10.2008 19:31

It's no surprise that HLS shares are plummeting. They have huge amounts of debt and at a time of a credit crunch thats a really dangerous position to be in.

Last few quarters HLS have managed to brush this under the carpet due to the weak dollar. Now the dollar is strengthening these debts become even more unpayable.

HLS are due to release their 3rd Quarter results soon. It should make very interesting reading.

Any investor would be mad to invest in them. Not only because of pressure from SHAC etc but also because it's a company that has been living beyond it's means for many years now.

Broker

Great news but..?

30.10.2008 20:29

Haven't most shares fallen significantly in the last month?

Ruby

Yes but ...

31.10.2008 09:30

Other shares have fallen but no where near as much as HLS. HLS shares have fallen by a massive 60%! In a recession big pharma and related companies are usually considered a bit of a safe harbour as they are propped up by organisations like the NHS buying their over-priced items. Something has seriously spooked HLS shareholders, earlier this year there was bragging about it's massive rise. So many shareholders will have been burned in HLS dramatic fall that they won't want to hold shares with them again. This does not bode well for HLSwanting to finance their debt.

When is the 3rd quarter results released?

Pink Broker

Hidden Comment

This posting has been hidden because it breaches the Indymedia UK (IMC UK) Editorial Guidelines.

IMC UK is an interactive site offering inclusive participation. All postings to the open publishing newswire are the responsibility of the individual authors and not of IMC UK. Although IMC UK volunteers attempt to ensure accuracy of the newswire, they take no responsibility legal or otherwise for the contents of the open publishing site. Mention of external web sites or services is for information purposes only and constitutes neither an endorsement nor a recommendation.

Commerce update

31.10.2008 10:10

There seems to be confusion here between share prices and the viability of a company. The share price reflects the value that other people place on a company not its trading position.

If the share price was 1 penny this would be irrelevant as long as it was making money, which it is. Its supporting debt but then so are about a third of the companies on the London and New York stock exchanges.

Animal testing will stop when the broader public find it unacceptable, which will lead to legislation from a political party that recognises the need to respond to that. This is not the present position and since most polling still indicates that around three quarters of the UK population feels that animal testing for medical research is acceptable, a figure that has remained constant for over thirty years then it is unlikely that any changes will happen soon.

Those who work for and support SHAC and campaigns like it have used tactics that have failed. The stopping of animal testing has progressed not one jot since campaigns like SHAC, SPEAK and the rest started. Sad, depressing and not the sort of information that anybody wants to hear but true.

Share tipper

Results due

31.10.2008 16:30

The 3rd quarter results are due on the 5th of November, if they are exactly three months after the 2nd quarter results are released (5th August).

Guy

this should be good..

31.10.2008 17:10

"Please take a moment to contact LSR/HLS to let them know how you feel about their stock price plummeting."

Dear Mr Cass and Mr Baker, just a quick message to say i feel Great about your shares prices plummeting. thank you x

email activist

Be realistic

06.11.2008 10:53

Although HLS/LSR's share price has plummeted in recent weeks it is still much higher than it was a few years ago. About 10 years ago they were down to a few pence and from 2003-2006 weren't being traded at all as the company didn't even have a market maker.

As for their debt, well yes the loan still has to be repaid but in 2006 it was refinanced at terms more favourable to HLS/LSR.

I am not saying that they are in good health as a company, they clearly are not, but we mustn't delude ourselves into thinking they are on the verge of collapse. Of course given the current economic crisis the bottom could drop out of capitalism and they may go under but that will only happen if the situation becomes much worse and then other companies will go to the wall as well.

The SHAC campaign has undoubtedly weakened HLS/LSR and made it more vulnerable during the downturn but we are a million miles from 2000-01 when they were teetering on the edge of bankruptcy and at one point in January 2001 were reportedly just 48 hours away from going into liquidation.

Paul Vegan Anarchist

Paul Vegan Anarchist

Hide 1 hidden comment or hide all comments