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LDSG Leeds Group Plc

10.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Leeds Group Plc LSE:LDSG London Ordinary Share GB0005100606 ORD 12P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 10.00 0.00 07:31:04
Bid Price Offer Price High Price Low Price Open Price
9.00 11.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 27.82M -840k -0.0307 -3.26 2.73M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.00 GBX

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Leeds Forums and Chat

Date Time Title Posts
27/3/202410:44Leeds Group - Small Shareholdings223
08/1/201318:36Leeds Group- leading to a capital return1,299
26/10/200712:43Leeds Group is cheapest share on AIM4
15/6/200615:02Leeds with Charts & News-
26/1/200615:22A `considerable degree of confidence'1

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Leeds (LDSG) Top Chat Posts

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Posted at 25/4/2024 09:20 by Leeds Daily Update
Leeds Group Plc is listed in the Textile Goods, Nec sector of the London Stock Exchange with ticker LDSG. The last closing price for Leeds was 10p.
Leeds currently has 27,320,843 shares in issue. The market capitalisation of Leeds is £2,732,084.
Leeds has a price to earnings ratio (PE ratio) of -3.26.
This morning LDSG shares opened at -
Posted at 15/12/2023 10:56 by tabhair
A very disappointing end for shareholders. The only remaining business of the company will be sold leaving the company a shell that owns three properties worth just over £5m (or 20p a share). Any rent the company will get on those properties will be swallowed up by the costs to keep the company public.
Posted at 16/1/2021 06:53 by russman
Chairman would get my thanks if he revised LDSG long standing no dividend policy.
Posted at 04/2/2020 11:46 by callumross
Really just an asset play at moment with NAV at 60p per share.
Posted at 20/6/2019 23:45 by tabhair
Looking at this thing for the first time in years, I can see why the share price is sliding. Inventory and debt have been ballooning and it looks like the bottom fell out in H2 as the company went from reporting that profits would exceed the 2018 number, to now being significantly below.

It's twenty years since the two Swede's first invested in this. They are probably down over 50% that time with no dividends in the meantime to speak of. Anyone in their right mind would surely wind this thing up at this stage.
Posted at 24/3/2019 15:23 by russman
The share price will languish until BoD give minorities "something".
Posted at 27/2/2019 14:25 by russman
The Swedes have lost the plot. Retire gracefully.
Just liquidate LDSG for the minorities.
Posted at 07/2/2019 19:24 by russman
Just remind me why LDSG are still listed.
Posted at 06/2/2019 21:28 by callumross
Realise these are a slow burner Arthur. Class myself as a value investor, hence hold BISI, BLEY, PTD etc. BISI has proved decent investment but not the other two! In fact BLEY being delisted and I am forced to either accept £1 per share or hold shares unlisted. Will probably reinvest BLEY proceeds here when received in March. Never learn!
Posted at 18/6/2018 08:38 by rhomboid
I did the same with AIEA ..now rather a large holding for me. I bracket LDSG with SIXH as another cheap share but high opportunity cost of holding as no dividend to offset the waiting time.

BILN & HYNS I also hold as a reasonable dividend is part of the picture. Though they have strong growth as well.

Out of interest are you on Twitter?
Posted at 13/10/2008 00:39 by the diviner
I have received a reply to the email that I sent and I have reproduced the gist of it below with the questions that I sent in italics between the replies.



Dear Mr TD,

Thank you for your e-mail and I also apologise for the delay in picking it up and responding to you.

Addressing the points you make, I would respond as follows:

I asked
(1). No dividend has been paid to shareholders. We are very unhappy with the lack of a dividend and we would like to know when a dividend will be paid to LDSG shareholders. The LDSG share price has just drifted lower and lower and part of the reason for that is the lack of a dividend. (The unenthusiastic and half hearted share buybacks have done little to improve the LDSG share price).

And he answered

· Since the sale of Leeds Leasing, which led to the positive cash position at Group level, the Board of Leeds Group has been consistent in its message that it would seek to reinvest the funds to generate long-term capital growth. In the light of that policy the Company has stated that it would not be paying a dividend but seek to reinvest the funds. That remains the policy of the Company today. Alongside this we proposed a share buy-back programme because it benefited both those shareholders who decided they wanted to sell their shares and take their cash, and the remaining shareholders.

· You refer to the share buyback programme being "unenthusiastic and half hearted". The Company has bought almost 19% of its shares back since the first authority was granted, all to the benefit of remaining shareholders. The company has been an active buyer whenever the regulatory and legal rules permit. The Board shares your disappointment that the share price has not responded more positively, but is of the view that without the buy backs, the share price would have been much lower.

I asked
(2). Shareholder money may have been wasted. Instead of returning the spare cash to shareholders, (which is what most shareholders would have preferred had we been asked), the directors decided to buy stuff and to continue to pump money into Hemmers. (A concern is that some of the money may have been spent on items that are interconnected with the directors which is unusual. Also, the money that is being pumped into Hemmers may just enable a low price management buyout that is of no benefit to smaller shareholders).

And he answered

· The Board does not share your view that the investments we have made are wasted. In the case of Hemmers, I noted in my 2007 Chairman's report that the investment was made to allow it to expand by taking advantage of a competitors demise. Like any business Hemmers operates in a moving market place where opportunities arise, and as investors Leeds is keen to maximise that value of its investment in Hemmers. A low price management buy-out would be of no benefit to any shareholder, not just smaller shareholders, and I see no reason why Leeds Board would allow the management of Hemmers to take the business away at such a price.

I asked
(3). unintentionally, a concert party may have developed. Many small shareholders suspect that the main reason that the LDSG share price has just bumbled along is that the main shareholders are very closely connected and may have been working in concert. Since between them they control over 30%, when do they plan to bid for our shares?

and he answered

· Just because my two fellow directors know each other well and between them own in excess of 30% of Leeds shares does not make them acting in concert. Nor does it place any obligation on them to make a bid for the company. Your comment about them being closely connected and the share price bumbling along just does not make sense.

Thank you for your mail, and we do appreciate hearing our shareholder's views - I have shared your views with my colleagues. I can assure you that the Board of Leeds is seeking to maximise shareholder value for all shareholders, small and large.

Yours sincerely
Ewen Wigley
Chairman

I am ambivalent toward Hemmers and do not mind them putting some money in as long as the return justified the extra money. Otherwise, they should sell it and give us the cash.

I do not know what to make of the people at the top. As I posted at the time I sent them the email - From what I have read the directors are decent people and they are wealthy men; if we hassle them by asking questions, agitating for dividends and being willing to complain to the regulators about a suspected concert party, etc. that may encourage a bid.

Other than a bid I cannot see an outer.


Regards,
TD
Leeds share price data is direct from the London Stock Exchange

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