Logistics Development Share Discussion Threads

[briggs1209] 31/8/2023 16:59

Interim results out, no NAV given from what I can see

[lpavlou] 25/8/2023 19:43

Seems they are having to pay a bit more with each buyback. Volumes dropped this week, so sellers wanting a bit more for their shares

[cityadvice] 16/8/2023 19:00

lpavlov
Responded to PM

[cityadvice] 15/8/2023 17:46

Hello LPAVLOU
I've left you a PM in your ADVFD mailbox

[briggs1209] 15/8/2023 15:53

10.3 million shares changed hands today. Stock being shuffled from the impatient to the patient.

[lpavlou] 08/8/2023 09:32

15.7m shares purchased to date at a rough discount of 30percent to NAV.

[lpavlou] 07/8/2023 20:27

Could be the first 150k purchase in weeks

[lpavlou] 04/8/2023 19:21

Nice 6m purchase. Dbay don't need to buy out LDG as they control it anyway and use their money to part find their other investments to get a bigger stake

[zoolook] 04/8/2023 11:22

The target is “no more” than the 15% for share purchases.

Arthur - it’s a justifiable concern and perhaps a fools game to second guess but if they were going to do that then why not already? - they have been happy to sell LDG shares below NAV. Also they have a reputation in the market to uphold. Overall I reckon they have bigger fish to fry. Also they get to earn management fees.

[briggs1209] 04/8/2023 10:17

Fair points Zoolook, but I thought a 'target' to be more of a goal

"As previously announced, through the share purchases under the Share Buyback, the Company intends to implement a discount management policy, targeting a share price discount to net asset value ("NAV") per share of no more than 15% in normal market conditions."

This statement feels like the board wants to narrow the gap to 15% - some way to go!

[arthur_lame_stocks] 04/8/2023 09:16

The biggest risk here as I see it is that DBay are able to take it over at a knockdown price. I guess because they are pretty shrewd value investors and going on what I know of their past history they simply won't pay top dollar for any company.

[zoolook] 04/8/2023 09:03

1. It’s not their goal - it’s their ceiling for purchases
2. No one is going to be able to take it over without DBAY’s co-operation
3. Very rough - 21p

[briggs1209] 04/8/2023 08:12

60000 shares a day at an 8p discount only generates 5000 quid.

We don't seem any closer to their goal of a 15% discount to NAV

Not much to stop someone with deep pockets turning up and trying to get this company to be wound down.

Does anyone have a rough NAV for current investments?

[lpavlou] 01/8/2023 19:14

Alas, Reckon it's the 59748 buy

[tyranosaurus] 01/8/2023 17:27

Interested in seeing today`s buyback considering a 800,000 sale and a 365,000 buy/sale.
I`m getting tempted to buy more at this price.

[lpavlou] 27/7/2023 07:36

Purchases are getting smaller. They are in no rush.

[+eysenck] 26/7/2023 18:28

No shares bought today?

[+eysenck] 26/7/2023 12:43

Interesting post Kirmich, and as ever patience is required. So, just under 3% bought and cancelled so still a far chunk to do. They are purchasing up to 20% if my memory serves me right.

[kirmich] 24/7/2023 21:06

If you are a long term holder, you love the way they approach the buyback. They are able to buy back a maximum amount of shares this way. Instead of pushing the price up and then falling back. I think it shows they are here for the long haul. They now have bought and retired 14.932.404 shares or 2,658% of the outstanding shares at the beginning of they buyback program.

As to their purchases, it is far too short a time period to evaluate how they will perform. The future will tell, but I give them the benefit of the doubt.Finsbury, SQLI, Trifast up, APH down but the numbers they released were all ok.

[lpavlou] 22/7/2023 08:50

Buybacks reducing in size, which is surprising given the share price drop. Would have expected them to up then to 200/400k per day. Might be saving cash to support a potential Dbay acquisition

[lpavlou] 19/7/2023 15:30

LDG own 2.79 percent of Trifast

[stemis] 19/7/2023 13:39

Spooky.

Yes the share price of SQLI has certainly increased since Dec 22 (from about Euro 44 to Euro 49.4). LDG has an effective 9% interest in SQLI, since it's done through an 11.1% interest in Synsion Topco, which has ~81.3% interest in SQLI. That would be worth about EUR 20.5m (9% x SQLI mkt cap of EUR 228m) but there's also an unknown amount of debt in Synsion Topco. Again LDG just seem to be tag along investors with other DBay funds.

[dartron] 19/7/2023 12:48

I see the announcements for APH and FIF, so maybe those are not for LDG. I agree its very opaque - and a rather disappointing investment so far. I bought some APH last week, I think that is a better way to play this, though I also hold LDG currently.

[spooky] 19/7/2023 11:50

SteMiS - SQI are listed so you can follow that easily. Worked out very well so far.

[stemis] 19/7/2023 11:43

Thanks Dartron, I missed that, but how many are held by LDG. According to the RNS by Trifast, the 6.94% was bought by DBAY Advisors Limited as discretionary investment manager of DouglasBay Capital IV Fund LP, Fixtaia Limited and Logistics Development Group Plc. I see LDG didn't announce anything...

In a way this makes my point a bit. It's all a bit opaque and hard to know if LDG are just run by DBay as if the money is there to support DBay's strategy.