Logistics Development Share Discussion Threads

[lpavlou] 14/11/2024 15:24

1 percent of the company just changed hands

[lpavlou] 11/11/2024 21:34

Kirmich we own 27.5percent of FF and 9.1 percent of SQLII fully expect our share of SQLI to increase following the tender offer. FF have to submit their accounts before the year end, so that will be the only time we can find out how they are trading. I don't think LDG will tell us.APH is a good company, so surprised they didn't make a move for the company when the share price fell to 25p.So far, all their trades have been profitable and it's only APH which is currently under water.

[kirmich] 11/11/2024 14:15

lpavlou, they are undervalued compared to their assets, but with good reason. If you run a PE like fund (which I'm totally ok with) I had hoped they would provide insights into the progress of the underlying companies.

For now no info on Finsbury (their % stake and the progress of the business), no info on their stake in SQLI (do they participate or sell their shares in SQLI), no info on what they are planning with Alliance Pharma.
Have they invested in other companies, but maybe with lower % than they need to report. (fi in Wynnstay a lot of shares were sold some time ago and no new holder has reported)
What was the rationale to buy (and then immediately sell) trifast and the mission group?

I don't mind there is only 2 times a year info on the companies they invested in, but I would welcome a nice overview at that time.

For now I'm ok with my position and I'm ok with the companies they invested in, but not ok with the reporting. Hopefully this will change in the future.

[lpavlou] 11/11/2024 10:57

APH having a decent run which reduces current LDG losses on its stake. I think they are at 56p break even.

[lpavlou] 10/11/2024 10:39

Looks like Dbay have started the tender process for the remaining shares in SQLI. Unfortunately the docs are all in French, so can't make any sense of them

[lpavlou] 16/10/2024 18:41

I'm surprised so many shareholders voted with Dbay. Let's see what the Board actions from this vote if anything.

[vega44] 16/10/2024 15:19

If you exclude the DBay concert pty votes it’s more like 80-20 against the board.

[+eysenck] 16/10/2024 14:50

62% Against - not overwhelming support for the Board.

[kirmich] 16/10/2024 09:05

Curious about the outcome, not attending.

Alliance pharma’s steady rise is enhancing the discount to Nav of LDG.

[vega44] 16/10/2024 08:11

Is anyone attending the GM this morning?

[lpavlou] 13/10/2024 20:31

BE interesting to see how the vote goes on Wednesday and whether the company adopts a different tact if all the majority other shareholders vote against them

[briggs1209] 26/9/2024 16:05

I can't see it passing but I voted for it too. The board need to start feeling some more pressure.

[lpavlou] 26/9/2024 13:11

New resolution came through today from IG and this time with the correct Board recommendation. It's now just the board appointment resolution only. I still voted for it,

[lpavlou] 24/9/2024 19:30

I've voted for all the resolutions even though I know they will fail. shareholders need to send a message to the board that were not happy with their performance and they need to do better or face the consequences. What we need is the dissenting major shareholders to increase their stakes to get a say and a seat at the table

[aliverpoolgent] 24/9/2024 13:32

Afternoon lpavlou. No it's not correct. My voting proxy on another provider (I'll not name it but it's one of the bigger outfits) has made the same mistake. I have alerted them and they will rectify the matter.
I'm not sure which way to vote but am leaning to siding with the board.
ALgent.

[lpavlou] 24/9/2024 11:24

Has my voting proxy come thru from IG and for all resolutions it says Board Recommendation -vote For.Not sure this is correct

[kirmich] 24/9/2024 06:20

For me the play here by mr Griffiths is to show that not everything goes. And I think we as small shareholders will profit from that.

The problem I see for instance that we have had a half year report, yet we don't know what vision they have with Alliance Pharma or how Finsbury food is faring?
The problem is that SQLI is being taken over, yet we haven't seen a RNS stating what the intention of our company LDG is. Are we part of that takeover? Do we surrender our shares to Dbay? SQLI which is a big chunk of LDG holdings.

I'm happy to tag along, as I do think they will make us money in the future on what they bought, but I'm happy there now is a sheriff in town who shows he is watching with a block of shares not far off DBAY's stake (as we have to believe the 6% is actually working together with the 15% of mr Griffiths declared holdings)

For the first time in my investment lifetime I will go to the trouble of voting and I will vote yes. I'don't think it will pass, but I do think it will show a statement.

or not :)

[spob] 23/9/2024 18:44

.
" This response seems like whiny self serving claptrap to me."

Agreed


Very childish and immature RNS from LDG

[swiss paul] 23/9/2024 17:57

So - help a newbie out here. Is it worth getting in before the meeting or will I miss out on any potential gains.

[vega44] 23/9/2024 08:23

Interestingly the adoption of the investing policy in 2022 was an ordinary resolution… goal posts sometimes move on legal advice!

[nil of] 23/9/2024 07:35

Very strange. Surely richard Griffiths had advice that told him what he proposed was a special resolution not an ordinary resolution and I assume he did it anyway just to make some noise. Kind of obvious management would vote their own stake against anything. All a bit pointless even though I get the idea with a big discount.was he just trying to make the price go up to sell his stake?

[lpavlou] 20/9/2024 19:27

At the bid price LDG stake is worth €23m against a purchase price of €15m