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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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 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 | 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 |
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