they were not sincere about buybacks. I think that is where a lot of the anger is stemming from. performance has been appalling since they cashed out on stobart. |
Why not pay the cash out they were going to use for buy backs and pay a dividend. |
Why not pay the cash out they were going to use for buy backs and pay a dividend. |
And DBay have 27.4% |
That result was for the GM following the RNS 13/08/2024
"Logistics Development Group PLC Circular, Rule 9 Waiver & Notice of GM"
Today's GM requisition is more interesting.
1. Return cash
2. Don't mess around with the investment mgmt agreement.
3. Appoint James Ede-Golightly as a director
They have almost 7% of the shares for a start. |
Resolution failed.
Oh dear, the board can't even get the buyback running to narrow the NAV gap.
Maybe they should have offered to buy back a portion of our current holdings at an intermediate price? |
Will be interesting to see board response to this |
Put me down for a ¨hell yes¨ |
My take on the interims Interest received on cash in bank now pays for the office costsThey have put a value of £66m on Fix. Which I'm struggling to work out:SQLi stake cost 14.5m but today has a market valuation of 17.5mAPH stake has a market value of £25m (£12m less than purchase cost)Midco loan is £10mFF stake of 27.5percent which at the buyout price is worth £39m. We can't have taken on any debt to fund the acquisition as it would have to be declared. |
'And that is not all: Logistics Development Group (LDG) today formally announce that their tnav is 18.9p per share and that they will buy back 15% of their stock. Astonishingly the offer price remains at under 12p.' |
Maybe the new owner of the Esken shares would like to do a deal.
Last average buyback was 13p so if they can pick up a decent chunk at 11p they will be doing ok.
Would like an update of FIF. |
Not sure why they would stop the buyback in May and then recommence it again in September, unless they were trying to smoke out Esken in selling their stake. That appears to have now happened, so they are starting again. I'd prefer them to have a go at APH and take it private as the potential gains there are much larger than the buyback. |
kinbasket
Couldn`t agree more. |
"kinbasket2 Sep '22 - 12:44 - 449 of 791 Edit
I'm not sure I want Dbay to play with my money. I think if they want to become an investment speculator of some kind they should seek shareholder approval. I'm quite capable of losing my own money on investments I don't need Dbay to do it for me.
They need to either find a significant investment to make or set a timetable to return the cash and wind up the company."
So far, no-one involved with LDG has demonstrated any ability to add any value. Returning the cash two years ago was the right call. And it still is. |
With no buy-back, The share price here is being driven by their stake in APH which is their largest quoted position and under water. Need to see that recover for the SP to move up. An update on FF would be handy. They still have plenty of cash, so might open up a new position in current depressed market |
thank you lapvlou and Galles for joining the dots on this holding - well worked out. Hopefully they will hang onto their stake rather than selling it at the earliest point they can. |
I was thinking the same, that perhaps now the Esken shares are now Cyrus', although the number of shares aren't quite matching, Cyrus' holding is off by around 1% based on Esken's 2022 report. If Cyrus do now hold the shares and aren't active sellers, then the main downward pressure on LDG should be lifted! It's been a long enough wait! |
Interesting move by Cyrus Capital, who together with Carlyle are seeking to take control of Southend Airport from Esken. Have they bought out Eskens LDG stake in part payment for their exchangeable bond? |
Seems APH are back on track. Dbay need to make a move soon if they want to buy them or the price will run away from them |
APH results seem to be well received. |
TMG stake sold. Made a decent profit. Should cover some of the head office costs for this year |
Drip drip drip. PI's still selling. Could go sub 10p if this continues. Need Dbay to make a decision on APH. |
At the moment LDG own 71.1m shares of APH at an average price of 54p.Still sitting on a loss of £10m which has halved over the past month. There must be a bid in the offering and LDG will end up owning circa 20 / 25 percent of the entity. Why else would Dbay keep adding. The odds of flushing out another bidder are low in my opinion |
So APH up almost 17% - yet LDG unchanged??? |
Only a matter of time before Dbay make a move for APH |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
