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LDP Leed Resources

0.02255
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Leed Resources LSE:LDP London Ordinary Share GB00B3XT3Q15 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.02255 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Leed Share Discussion Threads

Showing 13101 to 13124 of 13200 messages
Chat Pages: 528  527  526  525  524  523  522  521  520  519  518  517  Older
DateSubjectAuthorDiscuss
11/1/2015
14:30
They have invested in a company making money already
aries2000
11/1/2015
12:45
Back to below,.5p for sure again and for a while.
123trev
11/1/2015
12:32
Lol,look at the figures they may as well not have invested and waited for the carnage this year will bring!
123trev
11/1/2015
12:08
Care to say what the other better ones might be? not convinced by the deal myself & the share price will most likely struggle for a while. (imho) So will sell and prob go into INC, LBB or STAR..
113mike
11/1/2015
12:02
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.

worlds lrgest undies
11/1/2015
11:38
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.com
HIGHLIGHTS
=600;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
=600;Battalion's major shareholders are contributing to the convertible note alongside
Leed
=600;The convertible note benefits from a first ranking general security agreement
provided by HM
=600;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
=600;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 =600;HM has a strong market position and is already producing positive operating
cashflow
=600;HM fund raising will enable it to complete the transformation of its already
established business
=600;Industry dynamics make for an attractive long term investment
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

aries2000
10/1/2015
09:55
There has been some large buys showing up in the last couple of days ldp have made their investment not to flashy but does look very solid and stable.few of the opinion that this is just the start of bod planning to develop a major investment here.gl
mally6
09/1/2015
03:03
LDP apparently has backers with deep pockets, maybe they'd be looking to T/O Battalion at some opportune time in the future? This is just the foot in the door, IMO, we'll tie up the residents and raid the family jewels later! :-p
99jeremiah
09/1/2015
00:12
Only a week into the new year and already a contender for worst acquisition of 2015

The $1.2 million note, converted into equity, would result in Leed holding up to 15%
of Battalion International Ltd whose only asset is their shareholding in the quarry.

Buying a stake not in the quarry itself but in one of its shareholders. All very odd.

bam bam rubble
08/1/2015
16:46
yes...I sold out this morning. A bit of an average deal here...nothing special at the moment in the sector. Will return soon......I reckon around the 0.07 levels is fair here.
barnetpeter
08/1/2015
16:31
Lots are taking profits on the news! Will move up after they are finished. Some got in a few months ago at near 0.05 pence.
johndee
08/1/2015
16:08
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?
jonnynixon
08/1/2015
14:41
Ill go with the short of ideas option.
peea01
08/1/2015
10:34
Clearly there was a strong reason for this investment, unless of course the BOD are short of ideas and lack any skills in developing LDP.
jotoha2
08/1/2015
07:33
Moved in on a producing limestone asset which is cash-generative and has significant operational upside. CL means no immediate dilution so let's see how the market will rerate the Co. from its current £3.5m. Strange and unexpected investment.
dr rosso
08/1/2015
07:23
Hillarious!!

An investment in a minority interest of a private aggregates business half way round the world with no apparent or plausible investment exit!


You couldn't make it up!!

worlds lrgest undies
08/1/2015
05:15
Agripower looks to be an interesting venture which should find a steady future market in the developing scenario of ever more nutrient depleted soils. They were looking to expand production by 5-6 fold around about now. I wonder if that transpired or if they have been looking for backers to fund that? All supposition of course, and we may be targeting something entirely different, but something like Agripower would do for me, assuming they are solvent and have reasonable margins etc.
99jeremiah
07/1/2015
21:31
Crescent Point acquires 25% stake in Agripower Australia
Published 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

dr rosso
03/1/2015
21:27
Agripower ltd

Any thoughts?

solstace
03/1/2015
15:43
Heading into the fertiliser?
dr rosso
03/1/2015
12:18
Old news, but ..

Deputy Director of Manas Coal LLC, appointed as Non-Exec at Innopac Holdings



Interesting.

So, a Singaporean Company went to Kyrgyzstan to find a director?

Also Innopac appointed Jeremy Dyer, because : "... The Board believes that Mr Dyer's extensive experience in minerals, resources, exploration, and consultancy will be invaluable to the Group’s future plans."

Jeremy Dyer was appointed soon after Arslan Koichiev.





2+2=7??

2magpies
27/12/2014
10:30
Oh yeah, xmas 2015!
johndee
27/12/2014
06:25
"0.5p by Xmas"?

:-p

99jeremiah
26/12/2014
21:24
Bargains out there to be picked up with king cash $1m
dr rosso
Chat Pages: 528  527  526  525  524  523  522  521  520  519  518  517  Older

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