Leeds Share Discussion Threads

[tiredoldbroker] 29/7/2003 14:03

If you go to the page you will see, under Special Conditions, "X repayment today".

Also, you have to remember that for any "ex" type action (whether divi, rights or capital repayment), the "on the register of members" date is actually irrelevant - it's the ex date set by the stock exchange, and the date on your contract note which matter. If you buy a stock before the ex date, you get the benefit; if you sell before the ex date, you sell "cum entitlement", and you can't keep it.

Pre-CREST, when almost all stock was registered in the actual name of the purchaser, getting settlement of a purchase and thus your name onto the register of shareholders could take ages. But the company has to set a date on which it temporarily closes its register, with the cheques or letters of entitlement being sent out to everyone on the register on that day. This could include people who had sold their shares, but were late delivering, and so it would exclude purchasers who were entitled but hadn't had their trade processes promptly.

Obviously, you can't have a situation where someone keeps something they are not entitled to by delaying delivery of stock against a sale they've made. So the stock exchange sets an ex date, and that's the deciding factor. If a trade hasn't settled promptly, a claim is put through the market to get the cash off the seller for the purchaser.

So the only thing which matters is that today is the ex date set by the stock exchange.

[roomey] 29/7/2003 13:35

also did ask if you where to buy shares in co. today would you be eligable reply yes would be grateful if anyone could confirm

[roomey] 29/7/2003 13:29

can sell up to 25k on line but can not buy any the reason not effective yesterday was the registrar of companies did not register the court order on time to busy (even in previous rns they did not specifically state the 28/07/03 they said expected to become effective on the 28th)

[wirralowl] 29/7/2003 13:28

Isn't this a similar stuatuion to the ex-div date and the record date ? ie if you buy shares today, your name may not appear on the register for up to 2 days after - ie. 31st July, so you would be inelligible for the payment ?

[bahtat] 29/7/2003 13:23

my broker says stock not being traded anyone
else want to try

[bahtat] 29/7/2003 13:17

todays RNS says 29th July not 28th July, if correct surely
buying today would make you eligible ? any thoughts?

[roomey] 29/7/2003 13:17

quidzinn read todays rns very interesting states the 13p will be paid to the co. shareholders who appear on the register of members at 5pm on the 29/07/03 so thats at the end of trading today spoke to dawn bowler who confirmed

[quidzinn] 29/7/2003 08:34

They have dropped today because of the 13p per share capital return - any one buying after close of play yesterday will not be entitled to it.

Q

[tiredoldbroker] 29/7/2003 08:28

Leeds Group have gone ex the capital repayment of 13p today, so with the shares marked down 11.5p, the net result is actually that they have moved higher.

Leeds has a 30 Sept year end, so the year to 30.9.04 won't have any contribution from the cash now being repaid. Numis forecast eps of 3.1p, so the p/e is 8, which doesn't look at all expensive.

[gelp] 29/7/2003 08:17

why todays drop?opportunity?

[iwonaberich] 30/6/2003 11:34

CG1953.......THANKS FOR THE INFO., MUCH APPRECIATED !

[cg1953] 28/6/2003 09:15

tiredoldbroker.
and too small to remain independent as a leasing bizness ?
what price ldsg as 'takeover' target?

[cg1953] 28/6/2003 07:05

august 8 2003

[iwonaberich] 27/6/2003 17:35

DOES ANYONE KNOW WHEN THE CAPITAL RETURN OF 13p PER SHARE
IS LIKELY TO TAKE PLACE !!!!

[langland] 14/5/2003 20:57

A few points on the results:

While PBT on contnuing operations was disappointing, I think full year figure of £1.2mn (min) should be possible. I am pleased to see that they are not sacrificing credit quality for T/O on Leasing. Still think share price of 40p+ is sustainable. At 40 mkt. cap would be £14.6mn. If we strip out the capital return of £5mn, mkt. cap. would drop to £9.6mn which would give us a multiple of 8 based on my estimated PBT of £1.2mn. I think this should be supportable particularly since I would regard the figure of £1.2mn as depressed.

In addition, cash generation seems to be strong. By process of deduction using the announcement of the Nemesis disposal together with the last set of accounts, it does look as tho' Hemmers debt of £2.9mn has been reduced by about £1.3mn since last balance sheet date. Also, Leasing is not due to pay any tax for 2 years (p.7 of last report and a/cs). With strong cash generation from 2 profitable businesses and little tax payable, it is quite possible that the co. will have a good cash balance again (even after paying back £4.9mn)at year end.

Future receivables are the loan notes of £1.55mn but these are not due until 30 April 2005. What is a better s/term prospect (by 30/9/03?) is the potential uplift on the sale of the last property to developers. When planning permission is obtained, as much as £1.45mn could be received.

[arthur_lame_stocks] 14/5/2003 08:58

Still too cheap IMO. Worth 40-50p without getting silly.

Arthur

[wirralowl] 14/5/2003 08:55

Results out - but possibly more importantly details of capital return programme - with Leeds Group looking to give back 13p /share to holders. Net debt gone from sale of Nemesis to be replaced by £4.9m cash surplus.

[langland] 08/5/2003 15:21

Co. has delivered bit by bit on the various things mentioned in the origin of this thread. Since posting nearly a year ago I did not legislate for Merrills dumping their stake but price has made good recovery. Interims out next week. I still believe fair value is 40-45p with prospect of 55p but probably have to wait 9-12 months for the latter.

[wirralowl] 08/5/2003 13:19

yep - its just doubled for me since my original purchase. Just deciding whether to sell half now (like I normally would) or hold out for more, given the improved prospects and special cash return later this year. A nice and have to say, unusual, predicament for me to be in.

[mrich] 08/5/2003 10:38

Anyone else noticed this share? It rises every day|

[cg1953] 12/12/2002 17:23

the only way is up.
the 'directors' have bought.

[cg1953] 16/10/2002 10:08

watch out.
gyllenhammar about!!

[wirralowl] 15/10/2002 22:35

Big volume trades - and Leeds Group up 16%+ on the day. Anyone know anything, or is it just people waking up to how ridiculously cheap these were at 15p ?

[cg1953] 10/9/2002 02:20

lets pray that the unfortunately named 'nemesis'does
not precipitate the downfall of ldsg; because imo this italian
bizness is a potential 'black hole' given the parental guarantees.