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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 27.50 25.00 30.00 27.50 27.50 27.50 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 35.1 -2.0 -8.6 - 8

Leeds Share Discussion Threads

Showing 1376 to 1400 of 1650 messages
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
25/2/2011
10:56
Buyback. 100k at 18.25.
deswalker
24/2/2011
12:11
You're welcome guys. I get the impression that JC and PG are keen to get as much input as possible from other shareholders as to the strategy going forward. They are not in the slightest bit aloof or wary but genuinely seem to see the puzzle of unlocking value at LDSG as a collaboration. JC mentioned that they would not be averse to possible small acquisitions if the fit was right and it facilitated the strategy of a move towards higher margin bespoke products. Long run such a move could conceivably aid the attractiveness of the group (or just of Hemmers) to an Eastern bidder. So, we have some smart guys on this thread. Please consider getting your thinking caps on about possible strategy and don't be afraid to get in touch with JC and/or PG with any suggestions. JC is more hands-on at Hemmers whereas PG is more involved with DWSN (amongst all his other stuff). MW is the one pursuing the Yeadon issue at the moment. If you feel you do have some ideas but would prefer to run them by me first in confidence just to check that they haven't already been discussed and discounted then feel free to drop me an email. Address supplied if required. Des
deswalker
24/2/2011
11:47
DesWalker Many thanks for your report. It is much appreciated.
bracke
23/2/2011
20:19
Yes, thanks Des.
liarspoker
23/2/2011
19:22
Thanks for the update Des.
arthur_lame_stocks
23/2/2011
18:03
Another year, another AGM ... Attendance: JC, MW, me (that's the three shareholders out of the way), Kathryn Davenport the new Chair but only there as a guest this year, a bunch of suits from auditors, brokers, Nomad etc. PG was unable to make it due to a clash in his schedule. Formalities over inside 20mins and then I quizzed JC for 40 mins and MW for 5 mins the latter about the Yeadon court case and where do they go from here. They are still considering the position and it is not dead as the Supreme Court actually liked some of their arguments before finding 2-1 against them. But they seem to think there's still some mileage in it and costs can be kept very low. As for JC, we mainly discussed Hemmers with just a passing reference to ongoing efforts to resolve the pension issue at DWSN. The underlying DWSN business is fine but trading is tough due to raw material prices. Results are due on Monday so more info then. As for Hemmers, it looks like the out turn for H1 will be pretty satisfactory as can be judged by the RNS issued today. Remember they are against pretty tough comparators as last H1 was very good. Clearly H2 is less certain as custiomers are holding back hoping for a softening of the cotton price. But at some point they are going to have to blink. Hemmers are trying to be much tougher on margin protection this year and have been told to turn away sales in the future if the margin is not right. Clearly this means that some customers are lost but better that than supplying them at a loss. JC and PG have a lot of time for the top guys at Hemmers but they are turning the screw slightly by demanding that they improve working capital and cash generation going forward. They would like to start supplying more plain vanilla product directly from the Chinese operation and start trying to add value with more bespoke product supplied out of Germany. This will clearly take time but it is the way forward in a tight market. More and more retailers are going straight to the source for their product and Hemmers will not compete on price for this business. But they have just added a new designer (Italian I think) to start trying to attract higher margin business. I was very impressed with how open JC was. He asked me for suggestions and I made a few but it appears that he and PG are thinking along very similar lines to me. I actually think that JC and PG are being absolutely straight with small shareholders, and this is a big change for me. I think they simply want to improve the operational efficiency of Hemmers, find ways for it to generate more cash profits and then try and sell it to an Indian or Chinese buyer although this is very much hypothetical at this stage. Finally, I asked JC if he still wanted to be involved with this business in 5-10 years time. He laughed and said "absolutely not". So in sum. Trading is tough but they are working hard to improve things. The team at Hemmers are well aware that they are not running it for themselves but that shareholders must start to see a return and that cash generation / working capital management are crucial. Payment policies are being changed etc. Eventually they might hope to attract an Eastern buyer wanting a foothold in Europe, but first they need to improve efficiencies. At DWSN the big issue is the pension and negotiations with the authorities continue. At Yeadon, things are not dead. Boy it's a slow burner this one, but JC is clearly not in this forever and IMO shareholders can rest assured that PG and JC are looking to realise the value here asap. But they are thinking medium term rather than short term as they want to improve Hemmers first. Rgds, Des
deswalker
23/2/2011
13:09
At today's Annual General Meeting, Johan Claesson, Acting Non-Executive Chairman, will make the following statement: "In our preliminary results announcement made on 12 January 2011, the Group reported a return to profitability in the year to September 2010 with Group revenue in our European and Chinese trading operations having grown by 7.7% over the previous year. I am pleased to be able to report that Group revenue for the first four months of the current financial year shows further growth of 7%, and that profitability is in line with management expectations. At the same time, we find that our wholesale customers are delaying placing orders for delivery in the second half of the year in the light of the very large price increases that continue to affect cotton products, no doubt in the hope that prices may soon fall. We regard that as unlikely in the short term, but it is too early to say whether the current price levels will have a major impact on our sales volumes in the coming months"
liarspoker
31/1/2011
14:46
Buyback. 25k at 18.75p
deswalker
28/1/2011
06:06
arthur absolutely right. cant imagine DK has spent near as damn it 170k just to sit and wait while the swedes ponder there next money wasting adventure !!! further, the initial research i have now done is that he is not a passive investor. am often reminded of the swedes initial offer and eventual takeover of 'british mohair spinners' where camellia [cam] held a longstanding 30% and forced them to raise there offer by counter bidding. clutching at straws or just wishful thinking maybe, but this could get interesting !!! p.s. clearly DK didnt want another 25k @19 .....LOL
cg1953
27/1/2011
22:38
It'll be interesting to see if he keeps upping his stake. Perhaps he has ideas for Leeds that don't involve us waiting until armageddon to see some value out of these shares.
arthur_lame_stocks
27/1/2011
09:37
Interesting to notice that when they bought the 60k on the 13th, they did so in six lots of 10k between 11.01 and 14.26hr. By doing so, they managed to only nudge the buying price paid from 18.7p to 19.0p; I bet that wouldn't have been the case if they'd asked for just one lot of 60k! Canny trading that and well worth remembering for illiquid shares like LDSG.
ansc
27/1/2011
08:40
Company Overview Channel Hotels and Properties Limited is an investment holding company that holds interest in real estate properties. The company is based in Channel Islands. Key Executives Mr. David Kirch Owner Looks like Kirch has a few pounds in the bank: http://business.timesonline.co.uk/tol/business/specials/rich_list/article3769730.ece
liarspoker
27/1/2011
08:33
ummm.......interesting to see today that 'channel and hotels properties' have accumulated a 3% stake !! maybe they intend to achieve what we so far have failed to do.
cg1953
19/1/2011
20:47
Hhhhhmmmmm.....these still seem terribly cheap. I make a loose valuation as follows: GBP 8,365 net working capital GBP 1,142 Dawson stake valued at mid GBP 1,750 Depreciated property Total GBP 11,257 32,100,000 shares in issue equals to 35.07p per share. Just a note regarding the loans: Currently LDSG have been paying interest only on their long term loans however on 31st March, 2011 both principal and interest will have to be paid. This will hit profits somewhat. Hopefully the share buybacks will continue.
liarspoker
13/1/2011
17:47
I fully understand your desire to move on, TD wish you luck (and income)
jonak
13/1/2011
15:14
Cheers TD. Header updated. See you around.
deswalker
13/1/2011
14:29
Des, I sold the last 20,000 today. I have had enough of the LDSG value trap. Regards, TD
the diviner
13/1/2011
14:26
The results are OK but I cannot see a way out of the Gyllenhammar affect and I sold the last 20,000 LDSG that I held, at 18.15p per share, today. The lack of a dividend is the killer for me. (At present I am getting over 8% with some of the preference shares that I hold, (eg GACA), which means that the money invested in them can double in less than 9 years with almost no risk). With LDSG, double your money must be the target but there is no guarantee and the likelihood will be a low price management buyout for Hemmers and a low price takeover for LDSG in about 5 years from now. Good wishes to all those who still hold. Regards, TD.
the diviner
13/1/2011
13:01
I must say that when I first looked at the numbers I was very disappointed, but the more I look the happier I get. There are lots of one-offs some of which will reduce ongoing costs and others which will be reversed, China is doing very well from a standing start and they reaffirm that they are looking for opportunities for the benefit of all shareholders. I wonder whether the current share price rise is due to the company being more active in searching for sellers to get some buybacks going ? EW was responsible for the buybacks and he was happy to just sit there at no more than 105% of mid for any negotiated trade. Maybe now they're trying to be a bit more proactive in finding sellers whilst still meeting their 105% of mid commitment ?
deswalker
13/1/2011
12:44
Yes there are quite a lot of one-offs in these results. The asset position should limit any downside. A bit of buying now at least.
hugepants
13/1/2011
09:00
Not unexpectedly, the second six months has obviously been tough going so to be in profit for the year overall is reasonable. With retained profits now standing a an eye-watering £6.9mil, they must be thinking of aiming high for any possible future acquisitions! In the paragraph re share buy-backs: ".... The Board intends to continue to buy back shares whenever the appropriate opportunity arises and will be seeking Shareholder approval of the necessary resolution at the forthcoming Annual General Meeting. In buying back the Company's shares, the Board is returning capital to those shareholders who wish to sell their shares whilst improving the net asset value per share of the remaining shareholders", I think he missed out 'at a massive discount' between the two words 'shares whilst'! [NAV 43.2p] Current trading ahead of budget for the first three months; would be helpful if only we knew what their budget was. If he meant ahead of last year's first three months then that would be something worthwhile.
ansc
13/1/2011
08:35
The second half results look pretty bad vs the first half but if one strips out the 193k fx gain from the first half and adds back the 421k loss from the second half then it doesn't look anywhere near as bad. We have three currencies to worry about and the volatility in these does not make it easy to value Hemmers. More one-off restructuring costs (89k), a provision against a bad trade receivable in China (60k) but currently in court and the expenses at Yeadon all put a dampener on things but ought to be exceptional. They say they're looking for appointments (plural) so we'll wait and see there. EW was his own man I think so let's hope we get someone else like that. Good to see trading is strong for the first three months of this year. I intend on making the AGM again this year.
deswalker
13/1/2011
08:20
what a rapid resignation !!!? must have been the thought of the prospects of 'increasing value for all shareholders' [unlikely] rather than pay a dividend !!!!.....LOL
cg1953
13/1/2011
07:37
Dont have time just now too take a good look but as you say Liars the reported pre-tax profit takes into account a £228,000 foreign exchange loss.
hugepants
13/1/2011
07:12
Results seem good to me. Great performance if you add back forex I guess. First 3 months trading ahead of budget.
liarspoker
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
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