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LDP Leed Resources

0.02255
0.00 (0.00%)
Last Updated: 01:00:00
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 Shares Traded Last Trade
  0.00 0.00% 0.02255 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.02255 GBX

Leed (LDP) Latest News

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Leed (LDP) Top Chat Posts

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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 a
guaranteed 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 11/1/2015 14:37 by aries2000
You people talking down the share price do you know much the company ldp has invested in HM has generated monthly revenues of between A$1.2 million and A$1.5 million over last 6 months.
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.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
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?
Posted at 21/12/2012 12:59 by maytrees
No posts today yet LDP share price up 16%+ atm
Posted at 14/8/2012 09:00 by maytrees
Good morning

LDP share price swings sharply most days but the trend still seems up.
Posted at 16/3/2012 10:57 by maytrees
Greetings Nap111 and all

I bt some LDP almost blind after the open today when the fell to 0.38p to buy.
The retrace did not surprise me but the 45% gain now does. Is this usual LDP share price froth or is real news expected?
Posted at 13/3/2012 16:18 by x1000
So what does that mean for LDP share price ? Are we looking at fund raising on a large scale ?
Posted at 24/1/2012 14:24 by liquid millionaire
VIR



marab - 24 Jan'12 - 14:20 - 660 of 660


table.tableizer-table {border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; font-size: 12px;} .tableizer-table td {padding: 4px; margin: 3px; border: 1px solid #ccc;}.tableizer-table th {background-color: #104E8B; color: #FFF; font-weight: bold;} COST TOTAL CURRENT VALUE
LDP SHARE PRICE 0.43 0
LDP WARRANTS @ 0.15P 166000000 0.15 0 0.28 £464,800
BRADY 17000000 1.15 195500 2.15 £365,500
TOTAL INVESTMENTS 195500 £830,300
CASH £3,369,200
TOTAL INC CASH £4,199,500
NAV 0.726557093

MARKET CAP 578000000 0.6 £3,468,000 £3,468,000
Leed share price data is direct from the London Stock Exchange

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