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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
|
|
|---|---|---|---|---|
| 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 28/7/2015 10:20 by 99jeremiah Calling all refugees from overly restrictive LDP BBs elsewhere, where the slightest personal criticism is pounced upon, though puerile sneering remarks and shameless unsubstantiated ramping is allowed free rein. For all those similarly exasperated, let's make this a home from home.Lol - Give me your tired, huddled masses yearning to be free etc. etc. :-p |
Posted at 16/2/2015 14:48 by allesandro I forgot to say,this deal they have with Battalion means that LDP will get aguaranteed 12% interest payment back on their loan over the first two years, and a further two years at 14% if they do not convert loan to equity. So even if they do not end up converting the loan in to equity they will gain around AUD $300.000 over the term,that means that it also puts them in a great position if High Mannor show the growth that is predicted by PGGM with the option of gaining equity at a 25% discount to Battalions original price when they took control.So it is a win win for Leed whatever happens,and LDP have also retained the bulk of their cash reserve for other deals. So in effect,taking into account the interest payments and the 25% discount they will be able to get in total over a 50% discount if they convert the option into equity.In context that would mean if High Mannor hit the growth target forecast then Leed,s original investment will multiply in value. From The Rns : Leed is contributing A$1.2 million of funding towards a 4 year, A$3.25 million 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 ·Battalion's major shareholders are contributing to the convertible note alongside Leed ·The convertible note benefits from a first ranking general security agreement provided by HM ·HM has generated monthly revenues of between A$1.2 million and A$1.5 million 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 .If Leed converts its notes into equity, the conversion price will be at a 25% 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 ·HM has a strong market position and is already producing positive operating cashflow ·HM fund raising will enable it to complete the transformation of its already established business ·Industry dynamics make for an attractive long term investment |
Posted at 15/2/2015 19:56 by grant avish Good to see a new LDP thread on here allesandro,must say i agree largely with your post above.The battalion deal seems to have very favourable terms for Leed and the 12%-14% interest they will receive will be handy while the restructure of the limestone business takes place.Not as exciting as gold or precious metals but then again not as risky! They could see some good returns on this and steady growth. |
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 11/2/2015 17:13 by corby 04 FYi this was on iii abit earlier on the PPG bb13:53 - 11/02/2015 Just seen an interesting tweet mentioning PPG @Mining_Desk LDP - Leed Resources considering investment in Plutus Powergen,company Egm tomorrrow in Gower Street London. |
Posted at 14/1/2015 15:56 by bam bam rubble Todays presentation appears to confirm LDP have invested in a loss-making companymonthly sales Q1 2014 A$0.8m -$0.73m cost of sales = +$70k. Admin costs undisclosed. Net loss: withheld best month in H2 2014 (unknown if this included backlog from previous months) A$1.5m -$1.16m cost of sales = $340k. Admin costs undisclosed. Net loss: withheld |
Posted at 12/1/2015 08:12 by worlds lrgest undies Not al all sweet!LDP have invested in a private company shareholding with another minority holding in a private company. Halfway around the world. And a dull organic growth only aggregates type business!!! No management control either. Epically "unsweet"!!! |
Posted at 12/1/2015 07:30 by aries2000 Hello guys today is ldp day |
Posted at 11/1/2015 20:18 by aries2000 why not dump boa and put it in ldp potential winner |
Posted at 08/1/2015 16:08 by jonnynixon Well not the most exciting of rns.HmmmSo turnover of $1.2-1.5m therefore say $1.35m x 12months= $16.2mLdp share of 11% = $1.782m per yr turnover (circa£1.35m)Assume profit is around 15% therefore $0.267m (circa £200per annum)Granted the coupon return is less but still has an attributed value.If the 'transformational' statement is say x4 growth that would raise the turnover to $64.8m with profits to ldp at 11% stake =£800k per annum (with rosie tinted glasses on). Given an assumed safe current £200k profit attributed to ldp per annum...the pay back at current levels would be within the 4year period. If options were applied then stake-holding would increase and likewise the proportion of value. Are ldp able to declare that as a paper profit? Or is the coupon the only money that will be profit? It would be useful to see the forward order book. Patel et al could be aware of some very meaty civils jobs requiring their product. It would be interesting to see if the sales guys are working closely with the civils consultants and architects and whether their 'patented' moulds make this company the most competitive in the market/the market leader.Unless I'm missing something or the transformational statement is much larger (I assume the X1.4 value for 2015 is based on 25% discount and 15% profits before tax)...I struggle to understand how the major shareholders will see 0.4p buy in price they paid any time soon. At least the funds left in ldp are going to be working for the company and accruing far greater interest than in the bank!Anyone got any thoughts? |
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