Share Name Share Symbol Market Type Share ISIN Share Description
Legacy Distribution Group Inc. LSE:LDG London Ordinary Share USU523551013 ORD USD0.001 (REG S)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.75p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Legacy Distribution (LDG) Latest News

Real-Time news about Legacy Regs (London Stock Exchange): 0 recent articles
More Legacy Distribution News
Legacy Distribution Takeover Rumours

Legacy Distribution (LDG) Share Charts

1 Year Legacy Distribution Chart

1 Year Legacy Distribution Chart

1 Month Legacy Distribution Chart

1 Month Legacy Distribution Chart

Intraday Legacy Distribution Chart

Intraday Legacy Distribution Chart

Legacy Distribution (LDG) Discussions and Chat

Legacy Distribution Forums and Chat

Date Time Title Posts
02/3/200716:05Legacy Distribution::::: Candy Truckers114

Add a New Thread

Legacy Distribution (LDG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Legacy Distribution trades in real-time

Legacy Distribution (LDG) Top Chat Posts

DateSubject
28/9/2016
09:20
Legacy Distribution Daily Update: Legacy Distribution Group Inc. is listed in the sector of the London Stock Exchange with ticker LDG. The last closing price for Legacy Distribution was 10.75p.
Legacy Distribution Group Inc. has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Legacy Distribution Group Inc. is £0.
04/10/2006
00:36
jaknife: meerzaf, It's a POS, what else do you expect the share price to do? JakNife
17/3/2006
23:56
crosstalk: The 66 page "Legacy Distribution Group Inc. Admission to Trading on AIM" document dated 10 March 2006 makes interesting reading. NB All $/£ conversions are at $1.75/£ From page 13: "17. Pre-admission funding Prior to the introduction of Legacy to trading on AIM, the Company raised $1.54 million from existing shareholders. The proceeds of the funding were used to settle amounts due to previous shareholders and to provide additional funds for working capital for the Group". From page 24: "On 1 August 2004, Best Holdings acquired 100 per cent. of the outstanding shares of Best Candy for aggregate consideration of $5,405,000". [In Jan/Feb 2006 Legacy and Best Holdings merged, Best Holding then ceased and Legacy continued as the surviving corporation assuming all BH's rights, assets & obligations etc] From page 28: "CONSOLIDATED BALANCE SHEETS [For Best Holdings, now Legacy] .......................................30 June 2005,$[....£,million] ... Total current assets.....................4,557,395[........2.604] Property and equipment, net................967,477[........0.553] ... Total other assets.......................2,087,359[........1.193 see note 1] TOTAL ASSETS.............................7,612,231[........4.350] ... Total current liabilities................4,959,313[........2.834] Notes payable, net of current portion....1,614,900[........0.923] ... Total members' equity....................1,038,018[........0.593] TOTAL LIABILITIES AND MEMBERS' EQUITY...$7,612,231[........4.350]" note 1 - this figure includes $1,502,378 (£859k) of goodwill From page 44: "2.2 The Company's authorised and issued share capital as at the date of this document and, following completion of the Admission will be as follows, all issued shares being Shares of Common Stock and fully paid or credited as fully paid: .....Authorised...............................Issued ................................Pre Admission............Following Admission .Amount.......Number.........Amount.......Number.........Amount.......Number $500,000...550,000,000.....$73,446.33...73,446,328.....$73,446.33...73,446,328" From page 46: "3.19 In preparation for the Admission, Legacy implemented a reverse stock split on 9 March 2006 whereby every 3.385 shares outstanding prior to 9 March 2006 was reclassified and converted into one share of common stock. As a result of the reverse stock split, the number of shares outstanding at 9 March 2006 was reduced from 132,222,390 to 39,061,269". From page 53: 7. Interests of other major shareholders... Shareholder........At admission......Percentage of issued Share Capital George Aliferis.....30,112,994....................41.0% From page 61: "(iv) Lock-in and Orderly markets Arrangements At admission the Directors will be interested in and aggregate of 11,928,286 Ordinary Shares representing 16.2 per cent. of the share capital of the Company. The Directors have entered into an agreement with the Company and Corporate Synergy only to dispose of their interests in Ordinary Shares with the consent of (which is not to be unreasonably withheld) and through Corporate Synergy for a period of twenty four months following Admission, to ensure an orderly market in the Ordinary Shares. The orderly market arrangement as described above has also been signed by certain other shareholders, other than the Directors, with 52,704,482 ordinary shares representing 71.8 per cent of the share capital of the Company". From p46 we know there were 39.1m shares in issue on 9 March. From p44 we know there were 73.4m shares in issue on 10 March. Therefore 34,385,059 new shares (an increase of 88%) were issued between 9/10 March. From p13 we know $1.54m (£0.88m) was raised in a pre-admission funding exercise. At $1.75/£ this means each share was placed at about 2.56p just a week ago. From p24 the company was bought for £3.1m in Aug 2004. From p28 current liabilities is 109% of current assets (at 30 June 2005) - this is not healthy. From p28 shareholders' equity (total assets minus total liabilities) is under £0.6m at 30 June 2005. The fund raising produced £0.88m in March 2006. So shareholders' equity is up to about £1.5m. With 73.4m shares in issue the net asset value per share is about 2p. Can anyone more knowledgeable than me please explain how a company that: i) was bought for £3.1m in Aug 2004 ii) had net asset value < £0.6m on 30 June 2005 iii) issued shares 1 week ago at 2.56p (according to my calcs) to raise £0.88m iv) therefore had net asset value of about £1.5m last week (according to my calcs) v) has a net asset value per share of about 2p (according to my calcs) now has a middle market price of 13.75p and a market cap of £10.1m? Have I missed something? From p53 and p61 I would guess that George Aliferis and the Directors will be leaking their shares out as fast as they can (in an orderly fashion). The 12% who have not signed the agreement with Legacy/Corporate Synergy may be getting rid of their shares even faster. These are the shares that Pacific Continental Securities are now selling. Pacific Continental Securities told me that 72m shares were issued this week at 10p. Both aspects of this statement were false. Yesterday PCS were offering these at 12p. A few buys yesterday pushed the share price higher and today PCS were offering them at 13p, then 13.75p later in the day I think. Draw your own conclusions. Any corrections welcomed.
Legacy Distribution share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V: D:20160928 23:57:32