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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Leed Resources | LDP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.02255 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.02255 | 0.02255 |
| Top Posts |
|---|
Posted at 15/2/2015 12:08 by allesandro I thought a new thread for LDP was needed,like many i have been keeping an eye onthis little company for quite a while and i think that the recent management changes and change in direction is looking positive.Also they have connected with PGGM who are tied to a consortium of investors and experts that seem to have a decent record of finding good value investments. The first investment has recently been made in Battalion International Ltd, which has a 61% shareholding in Limestone miner / producer High Mannor Pty Ltd.At first i thought it was an unusual choice but having now done some research i can see why this could be a real solid investment.It is forecast that the population of western australia will more than double before 2030 and this means that the building sector in that area will see a sharp increase in demand of building materials.Limestone is a very popular material for building use locally and High Mannor are well placed for exponential growth. The investment made by Leed also seems to be low risk,because their loan is interest bearing at 12% for 2 Years & 14% for a further 2 Years.If they decide to convert the loan to equity they have a built in 25% discount clause.It is also worth a mention that Leed have invested into Battalion which have the added attraction of very good tax regimes due to being registered in the British Virgin Islands. Leed chairman Jinesh Patel said the following : "Leed is buying into an asset-backed vehicle that has full operational and financial control of the underlying assets by means of a convertible loan note. Leed can assess the value proposition before deciding if it wishes to convert into equity at what would be an extremely attractive entry price if HM is able to deliver the forecast growth in cashflow.In the meantime, we will receive an initial 12% and then 14% coupon as a secured creditor. |
Posted at 11/1/2015 15:30 by aries2000 The terms of the convertible note The financing of the underlying HM business is to be made through the issue of "back to back"convertible notes from (a) HM to Battalion, and (b) Battalion to investors (including Leed). The total tobe raised by HM, via Battalion, is A$3.25 million of which Leed is providing A$1.2 million. Currently Battalion owns 61% of HM which is its only asset and therefore is the controlling shareholder of HM. Upon full conversion of the loan notes, Battalion's holding in HM would increase to approximately 73%. The capital raising is to finance the acquisition of patented moulds from China to produce second generation reconstituted limestone wall panels. It will also recapitalise the company's balance sheet and provide it with a stronger working capital position for the next stage of growth. Each wall panel will be the "equivalent" of approximately 40 standard sized reconstituted limestone blocks. The principal advantage is one of reduced labour cost and increased speed of building retaining walls. The prototypes have already been accepted by construction companies in Western Australia and patents have been obtained to protect HM from immediate incursion by competitors. The notes are for four years duration and may be converted at any time up to the date of maturity. Battalion as the issuer can redeem all but not part of the outstanding amount at an amount equal to 105% of the outstanding principal plus any accrued but unpaid interest. Leed will also be entitled to appoint a Leed representative to the board of Battalion as part of the investment. |
Posted at 11/1/2015 12:02 by worlds lrgest undies Disastrously inappropriate investment for an AIM company.Retail investors have little to be cheery about and mgmt judging by the terms of the investment have sfa control of where ldp's money has gone! Far better opportunities nearly anywhere else other than this fiasco. IMO. |
Posted at 11/1/2015 11:38 by aries2000 Leed Resources plc("Leed" or "the Company") Convertible Loan Note Investment in Australian Limestone Leed Resources plc, (AIM: LDP), the natural resource investment company, is pleased to announce it has agreed to make an investment of A$1.2m in Battalion International Limited ("Battalion"). Battalion is a BVI company which is the controlling shareholder of High Mannor Pty. Limited ("HM") which trades under the brand name of "Cultural Limestone". HM is an integrated limestone quarrying business which extracts limestone from a quarry just north of Perth in Western Australia. The limestone is then crushed and processed into reconstituted limestone blocks which are used in the construction industry. The Leed Board has considered many different proposals in the minerals and natural resources sector. It has monitored the performance of junior mining stocks on AIM, and elsewhere, which are seeking to develop mining projects and notes how poorly their share prices have performed in response to generally lower metal prices with an uncertain outlook and a scarcity of development capital. Whilst the Leed Board believes that longer term the outlook for the mining sector remains positive it is likely that the current difficulties facing the junior mining sector will continue. The Leed Board therefore believes that the opportunity to make an investment, through a convertible note structure in HM, provides Leed with a high yielding secured investment with exposure to an existing business that has a strong market position and is expected to deliver considerable growth in value over the coming 12 months as it continues to implement transformational changes to its operations. A presentation of the "HM/Cultural Limestone" business will shortly be made available on the Leed website, www.leedresourcesplc HIGHLIGHTS = secured convertible note financing being issued by Battalion. The note has a 12% coupon for first two years, followed by two years at 14%, if not converted = Leed = provided by HM = over last 6 months from which the interest can be comfortably serviced. The note is convertible into equity which would result in Leed holding up to 15% of Battalion, equating to an equity interest of 11% of HM = discount to the price at which Battalion acquired control of HM earlier in 2014 and at a multiple of approximately 1.4 times the current base case 2015 EBITDA HM forecast = cashflow = established business = The terms of the convertible note The financing of the underlying HM business is to be made through the issue of "back to back" convertible notes from (a) HM to Battalion, and (b) Battalion to investors (including Leed). The total to be raised by HM, via Battalion, is A$3.25 million of which Leed is providing A$1.2 million. Currently Battalion owns 61% of HM which is its only asset and therefore is the controlling shareholder of HM. Upon full conversion of the loan notes, Battalion's holding in HM would increase to approximately 73%. The capital raising is to finance the acquisition of patented moulds from China to produce second generation reconstituted limestone wall panels. It will also recapitalise the company's balance sheet and provide it with a stronger working capital position for the next stage of growth. Each wall panel will be the "equivalent" of approximately 40 standard sized reconstituted limestone blocks. The principal advantage is one of reduced labour cost and increased speed of building retaining walls. The prototypes have already been accepted by construction companies in Western Australia and patents have been obtained to protect HM from immediate incursion by competitors. The notes are for four years duration and may be converted at any time up to the date of maturity. Battalion as the issuer can redeem all but not part of the outstanding amount at an amount equal to 105% of the outstanding principal plus any accrued but unpaid interest. Leed will also be entitled to appoint a Leed representative to the board of Battalion as part of the investment. As previously announced, the Board has retained the services of PG Mining Management ("PGMM") to assist it in its continued review of investment opportunities and PGMM has conducted considerable due diligence in assessing the operational and financial position of HM/Battalion and will continue to advise the Board on progress in the future. Jinesh Patel, Chairman of Leed, said "Leed is buying into an asset-backed vehicle that has full operational and financial control of the underlying assets by means of a convertible loan note. Leed can assess the value proposition before deciding if it wishes to convert into equity at what would be an extremely attractive entry price if HM is able to deliver the forecast growth in cashflow. In the meantime, we will receive an initial 12% and then 14% coupon as a secured creditor. We are very excited about our investment in Battalion, and through this to HM, and will work closely with our new partners at Battalion to help move the business forward. The Leed Board will continue to seek additional suitable investments, including potential further investments in Battalion, which the Battalion Board have said that they would be willing to consider, that have the potential to generate attractive returns for the Company." For further information, please contact: Leed Resources plc |
Posted at 07/1/2015 21:31 by dr rosso Crescent Point acquires 25% stake in Agripower AustraliaPublished May 26, 2011 Crescent Point Group, a Singapore-based private equity firm, has acquired a 25% shareholding in Agripower Australia, Ltd., an Australia-based manufacturer of organic fertilizers, for $21.5 million. Significant Shareholders As at 14 August 2014, as far as the Directors are aware, the following shareholders are Company Directors or interested in 3% or more of the issued share capital of the Company. Name Number of Ordinary Shares % of Issued Share Capital Uhuru Investments Limited 481,000,000 15.49 Casop Holdings 243,089,694 7.83 TD Waterhouse Nominees (Europe) Limited 504,280,869 16.24 HSDL Nominees Limited 438,140,583 14.11 Barclayshare Nominees Limited 319,522,792 10.29 Investor Nominees Limited 177,616,168 5.72 HSBC Client Nominees 164,574,422 5.3 Ian Gibbs 20,070,638 0.65 |
Posted at 20/12/2013 17:24 by jonnynixon Jojo would you not expect the columns for 2012 and 13 to be swapped? There is bound to be pressure and willingness of casop and other investors to make their returns. Ldp is down but not out..I hope |
Posted at 03/12/2013 17:17 by jojo_jo Nearly 2 years ago, it was suggested on this thread that the Manas 'loan' was high risk, and, from a shareholder standpoint, a punt on the integrity of the Manas directors. I always thought there was a good chance Leed would be skanked by the corrupt Kyrgz boys (...£900k goes a long way in the republic!) Accordingly I bailed after a few weeks in mid Jan.2012.This has come to pass, although only very recently 'owned up to' by Leed's directors. When I invested the share price was about where it is now, with one big difference: it was supported by about £750k in cash. There probably isn't anything left at all now. However, when they re-position themselves and some new cash-shell specialist investor (perhaps McKeon LOL) comes in this will be worth another look. Until then... IMPO/DYOR/NAI Jo [PS. Here's a post from Dec.2011 verifying my view at that time... JoJo_Jo 30 Dec'11 - 13:43 - 1431 of 2871 0 0 edit The RNS indicates that the investment in the 'further project' could lead to the reverse takeover, not the Manas Coal investment. I think the furore over Manas is a bit overdone, and there is a chance of disappointment. LDP loaned Manas directors £750k to get a licence transferred. This could fail, or they could take our money and run... anything. Unfortunately being a former high-ranking government minister is more of a negative considering the extent of corruption in the Kyrgz Republic. There is also little love for the West in the Republic, especially now the new regime is trying to align itself more closely with Moscow, and the Yanks have been given their marching orders (coincidentally from their airbase in Manas). It has been posted on here before that the loan was very much a gamble on the integrity of the Manas directors. Let's hope they come good. What should LDP do if Manas ask for more money? That's a difficult one! Still holding... and just advising against over exuberance in respect of Manas. Personally I wouldn't be wanting to buy more at a price = 4 x cash. IMPO. ] |
Posted at 25/6/2013 19:36 by kooba 25 June 2013Leed Resources Plc("Leed" or "the Company")Grant of Options andDirectors' DealingLeed, the natural resource focused investment company, announces that it has granted 219,889,648 options (the "2013 Options") to Peter Redmond (a director of the Company), to Bromius Capital Pte Limited, a company of which Ian Gibbs (a director of the Company) is also a director and shareholder and to Jinesh Patel (a director of the Company).Each Option will entitle the holder to subscribe for new shares in the Company at an exercise price of 0.175 pence per new share on or before 24 June 2023. The Options will vest on the date the Company completes a transaction following the date of the grant of the options with a value of 20% or more of the Company's net assets at the last audited balance sheet date (the value of such net assets to be calculated as at 30 June 2012) and will then need to be exercised within three years following vesting.Following the issue of the 2013 Options and including the options granted to Peter Redmond and Ian Gibbs in 2011 (the "2011 Options") the Company's directors will hold the following options: |
Posted at 28/11/2012 10:47 by bubbleandleek i'll think you'll find there were NO institutional investors |
Posted at 24/10/2012 14:59 by ali00 Because despite all the de-ramping we've seen over recent months, smart investors know there's a very good and very large deal coming and that the II's buying a shed load of shares at 0.22 will expect a significant ROI.These two equity placings have helped underpin the current share price and have given folk a sense that things are drawing closer. Plus people still have the chance to buy in/increase their holdings just a shade above the IIs. |
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