Leeds Share Discussion Threads

[arthur_lame_stocks] 08/3/2004 17:31

Not long to wait for a decision if this is the case. Makes you wonder why all those people bailed after the AGM.



Liked this one too. I wonder where all that extra web trafiic is coming from?

Arthur

[arthur_lame_stocks] 26/2/2004 15:17

I think for the time being i'll sit tight and see how it all unfolds. I'm pretty firmly of the belief that these shares are at worst fairly valued if none of the 3m in extras from the Strines site or UK Dyeing Division is received and at best are dirt cheap. I just hope that the price doesn't fall so far that the Swedes pick it off too cheaply.

Arthur

[poacher45] 26/2/2004 15:17

Arthur as per the accounts its not just one director they have all had massive
increases. cg1953 I totally agree with you but all watchdogs in the financial
area have no teeth.

[cg1953] 26/2/2004 12:17

what bothers me most is that i believe there is a 'concert party'.
'pg' and 'claesson' should under takeover rules have been obligated to make a full offer a few years ago at something over 50pence.
the fact that this has slipped under the noses of the takeover panel with the possible collusion of incumbent management is a cause of great concern to me and should be to all other shareholders.

[poacher45] 25/2/2004 19:45

I am happy to join with anybody who promotes a change at Leeds Group Together
with other holdings I own just under 1/2%

.

[cg1953] 25/2/2004 18:36

poacher45,arthur_lame_stocks,enochthenocker.

no point splitting hairs and arguing amongst ourselves.

we are all agreed that this company is trading at materially less than fair value.
i think we all have reservations about current management.
we are agreed that the 'pg'/'claesson' alliance[?] constitutes if not a concert party, then something very fishy, if not undue influence.
[claesson recently increased his stake in 'mpl']
i can muster between myself and associates something more than 2% but less than 3%.

can we do anything together ?

[poacher45] 25/2/2004 17:25

I get the feeling that permission could be a fair way off. They were asked about
staff numbers and they said that now there are 33approx on leasing side and 65
manufacturing. I pointed out that the managing director has had a 64% increase
but I was told that was very reasonable. I said that Greg Hutchings was only
on £150000 and he had previouly taken Tomkins from 6million to 2billion wheras
Leeds share price in 1995 was £2. The reply was everybody's doing badly in the
textile industry. {Except for directors that is} I think Gyllenhammar whose
shares are in the same bank as Claesson's {although I am assured they dont like
each other} will buy the company for a song and dismiss the directors.

[arthur_lame_stocks] 25/2/2004 16:22

And if you're asking what they might do with the cash, they might give it back to shareholders like the 13p a share they gave back last year.

Arthur

[arthur_lame_stocks] 25/2/2004 16:20

poacher, if you went to the AGM, can you tell me any more? I was told that the public inquiry was due to start on the 17th. Is there anything else of interest.

Arthur

[enochthenocker] 25/2/2004 16:13

When Gyllenhammar's about seems it's often the case that workers jobs and shareholders funds go down the pan.

[poacher45] 25/2/2004 16:08

At the meeting the wording was the enquiry starts tomorrow. 1.5 million equates
to 4p a share but that is the maximun and what will they do with the money? I
personally have no faith in the management. You would have been a lot better off
keeping LUPUS I'm glad its my biggest investment.

[arthur_lame_stocks] 25/2/2004 14:58

poacher I know fully well about the property situation. I don't know what you call a long time, but there is a public enquiry taking place at this very moment to decide the future of the Strines Printworks. This is the property which LDSG sold to Harrow Estates and if the planning permission is granted on this property (for 117 dwellings if you're interested) then LDSG should get paid the extra cash which is equal to about 4p a share.

I have done very well out of Leeds Group over the last year.

Arthur

[poacher45] 25/2/2004 14:06

Leeds group do not own any property that is up for sale for redevelopment
or for planning permission. There is one property where another company is
seeking planning permission and if they are sucessful Leeds Group could benefit
to a max. of 1.5million. Arthur you could be hanging on for along time. Leeds
Group has poor management and plenty of bad luck or should that be bad
management I cant tell the difference

[cg1953] 25/2/2004 13:20

down 12% on 5000 shares.
the management have approved so many buyouts of the textile subsidiaries; perhaps they should just mop up the rest themselves.
ldsg has been a perpetual dissapointment over the past 6 years.
seeming to be doing the right things but just getting it wrong.
the sooner this stock is put out of its misery.the better.

[arthur_lame_stocks] 25/2/2004 10:51

AGM statement:



Seems fairly neutral to me, but a couple of pence has come off of the price. Did anybody go?

I'm going to hang on at least until I know the result of the planning inquiry.

Arthur

[arthur_lame_stocks] 05/2/2004 16:39

For anybody that's interested I have just received this email from Malcolm Wilson concerning the planning appeal:

'As luck would have it, I have today received the response to my earlier
enquiries and can advise that the public enquiry is set for 17 February at
Stockport Town Hall. 6 working days have been allocated, although there
seems to be an expectation that this will not be enough and it will run
over. It is not possible to say how much time will elapse between the end of
the inquiry and the publication of the inspector's report - this can be very
variable, depending amongst other things on the complexity of the issues and
competing demands on the inspector's time.

Best regards

Malcolm Wilson

So we could be waiting for a while for the result.

Arthur

[cg1953] 28/1/2004 03:08

arthur_lame_stocks.

very apposite comment !!
so concerned was i in 2002 at the price of ldsg [-13pence], that i sought clarfication as to the extent of its relationships with its major shareholders.
for if claesson/gyllenhammar were a 'concert party' they would have been obliged to make a mandatory offer a few years ago at the highest price they paid 50pence+

however i was assured by the chairman of ldsg that they are/were not a concert party !!!
all this despite 'claesson' most recently increasing his stake in mpl; another 'pg' company !!! ???????????????

[langland] 27/1/2004 12:29

They are not acting in concert... apparently. There is nothing (that I know of) to stop him bidding if he wants to.

[arthur_lame_stocks] 27/1/2004 11:49

I'm not sure if Gyllenhammar could bid. Between him and Claesson they already own about 40% and Gyllenhammar is still buying. So to take over the company would suggest that Gyllenhammar and Claesson were acting in concert wouldn't it?

Yet if they're acting in concert they should have bid some time ago or is that not how it works?

Arthur

[langland] 27/1/2004 11:43

Tend to agree... planning appeal is set for mid Feb. In addition to this, if you strip out the leasing and hemmers debt, the company is still holding 1mn+ centrally. Interesting that price actually went up after TW's recommendation. Probably good reason for suspecting that Gyllenhammer is soaking up the sales. Wouldn't be at all surpised to see him make a cheap bid at 27-9 sometime soon.

[cg1953] 27/1/2004 06:31

chesil356.
if he says that. then it must be a 'buy' !!!