Leeds Share Discussion Threads

[arthur_lame_stocks] 11/1/2011 13:01

I've been waiting 6 years, I guess I can wait a bit longer.

[deswalker] 11/1/2011 12:57

It is unusual though. Results at any time and what appears to be only a very small rollover showing on the trades data makes one wonder whether somebody knows something. I can dream can't I :o)

[bracke] 11/1/2011 12:53

Arthur

A slight twitch does not necessarily indicate life.

[arthur_lame_stocks] 11/1/2011 11:58

Look at that, a bit of price action and the board comes alive. Now all we need is the results...

[bracke] 11/1/2011 11:57

Oh ye of little faith.

[langland] 11/1/2011 11:53

Nah!....can't be ...the market makers have just made a mistake..that's all.

[bracke] 11/1/2011 11:42

An omen of results to come?

[ansc] 07/1/2011 12:26

Clearly someone is not expecting the awaited news to be good - a 20k sale gone through this morning.

[arthur_lame_stocks] 05/1/2011 23:17

Maybe they'll surprise us with some decent results for a change, when they get round to releasing them.

[deswalker] 05/1/2011 16:13

Calm down cg :o) The thought had occurred to me too but then I took a cold shower and things got back to normal.

[cg1953] 05/1/2011 15:17

thanks des.
ok.you go back some years !!!
but now a quite much simpler, smaller, company since those years !!!
maybe they are working on the MBO........................lol

[deswalker] 05/1/2011 08:05

They aren't that late to be honest. Scanning back the last seven years we have ...

18 Dec 03, 17 Feb 05, 20 Dec 05, 31 Jan 07, 19 Dec 07, 16 Dec 08, 9 Dec 09

Last year was the earliest hence the feeling that they are long overdue, and we're still well short of two of those dates.

[cg1953] 05/1/2011 07:53

final results are now very late !!!
as late as i can ever recall !!!

[ansc] 17/12/2010 08:52

Yes, disappointing especially when it might have been reasonable to expect a continuation of the recent profit outlook; I always thought that good news on the stock market tended to arrive early rather than late. Should the delay be taken as a bad omen or can we simply put it down to bad weather conditions (seems to be the current theme!).

[arthur_lame_stocks] 17/12/2010 08:37

Still no results. Ho hum.

[hugepants] 14/12/2010 13:02

Results this week looks a good bet given the last 2 years.

[arthur_lame_stocks] 10/12/2010 10:21

Anybody got any idea when the results are out? I tried to contact the comany but as per usual I got no reply.

[deswalker] 22/11/2010 14:34

Arthur

Re buybacks there is the "not at more than 105% of mid-price" rule. I don't see why this is in place but EW is sticking to it.

Remember that in the long run we're all dead and nobody is getting any younger including PG and JC. I don't know much about JC beyond his interests in Scribona and LDSG but obviously PG has many disparate interests and continues to add others judging by his recent move into RNSM. If I were him I'd be seeking a rationalisation of the portfolio before too long (5 years say), but then if I were as comfortable as him I'd have given this game up long before now so what do I know :o)

My total guess is that PG will eventually offer to buy out LDSG, and perhaps some clearout dealings at Scribona in the other direction might faciliate a lower acceptance price from JC. I hope and trust that whatever is agreed between the two is also reasonably fair to the other LDSG shareholders, and whereas I don't believe we'll ever see the full price for our LDSG shares I would hope that it is somewhat north of the current share price

I've yet to see PG actually do the dirty on the small guys in one of his investments and I've always found him friendly and open in our conversations so I continue to give him the benefit of the doubt.

Des

[arthur_lame_stocks] 22/11/2010 14:11

Results should be out in a few weeks. Let's hope they finally manage to put in a good full year and we might see some appreciation in price. Personally i'd like to see the company get a bit more aggressive with the share buybacks and bid the price up a bit, they're obviously not going to get a lot more stock at the current price.

With Leeds I just get the feeling that PG and JC are sitting the rest of us out.

[deswalker] 22/11/2010 11:10

HP - the website's been like that for 12mths at least, maybe double.

[hugepants] 21/11/2010 19:32

Do Hemmers have a new website?



Heres the freehold property (book value 6p per share)

[hugepants] 26/10/2010 13:08

Thanks Des. If there was a deficit/equity swap I think Leeds would end up with a very small stake albeit profits should greatly increase since there would be no pension to fund.

[deswalker] 26/10/2010 11:30

HP,

Sorry if my post was unclear. I was saying "steady on" in relation to the share price tick-up not in relation to anything you said. A tick-up here always has to be greeted with a sarky comment. It's tradition :o)

The situation with DWSN is complicated. Clearly some sophisticated investors (Pontek etc) see real value in it but the pension is proving an issue.

At the last LDSG AGM I asked PG about the DWSN acquisition. At the time there was a lot of stock changing hands at 1.5p and Pontek were buying. Seeing as that is the price LDSG bought in at I asked why they weren't buying up all these blocks instead and then making a mandatory offer at 2p say. The reason given was the pension. Even if they had done as I asked and the bid had failed, any resultant holding of more than 35% would have seen the Pension Regulator get heavy with LDSG in the event of a DWSN failure. Less than 35% is much safer.

So then I asked about the circumstances surrounding LDSG's acquisition of the 29% of DWSN and why LDSG had demanded that the existing Chairman should leave. The answer given was that this Chairman had given assurances about the DWSN pension situation prior to LDSG buying in that subsequently proved to be incorrect. Something to do with agreements between various parties being set in stone that then proved to be set in sand. Blame clearly needs apportioning on both sides if due-diligence wasn't carried out appropriately and inaccurate statements were made.

Finally, PG stressed that they still see considerable value in DWSN, that they were now very happy with the DWSN team in place and that this team were working "flat out" to solve the various issues. Clearly the share price and results are not showing this at the moment :-/

HTH,

Des

[hugepants] 26/10/2010 10:04

DesWalker - 21 Oct'10 - 13:35 - 1179 of 1180

steady on ...

Well OK but is there any other viable solution to the DWSN pension deficit? Its over £19M and its like a noose round their neck.
Also have Leeds been unlucky because it looks like the pension deficit jumped dramatically, due to new life expectancy assumptions etc, just after Leeds bought their stake.