Logistics Development Share Discussion Threads

[baddeal] 03/3/2022 22:04

How do you figure that one out?

[lpavlou] 03/3/2022 21:02

Investec doing their best to enrich departing shareholders at the expense of existing shareholders.

[briggs1209] 28/2/2022 12:55

Bought more today, 15p to 18p over half a year feels a good bet.

[kinbasket] 28/2/2022 08:42

EezyMunny, I guess the RNS confirms what you said above. Looks like others are front running the buybacks.

It seems a simple move for a decent sized trader. You can push the price up as you accumulate, safe in the knowledge there is a willing buying when you decide to sell.

[eezymunny] 26/2/2022 10:24

Having watched Level II on and off yesterday I can report that Investec were on the bid very briefly in the early morning, but then not again all day (from what I saw). So, possible they bought very few.

Other's MM's were on the bid in size. Could they be willing buyers in the hope of flipping them to the giant buyback for a decent profit? No idea if MM's would use a strategy like that. Any thoughts?

[zoolook] 26/2/2022 09:37

lpavlou - the company has said the opposite - the aim is to drive the price up so Investec are doing a good job

“the Company is seeking shareholder approval to acquire up to 20 per cent. of the Voting Share Capital (the "Share Buyback"), to reduce the observed discount to net asset value per Ordinary Share…”

[lpavlou] 26/2/2022 09:35

Fair point Briggs, but we'll find out next week when they will have to issue RNSs for shares bought back

[briggs1209] 26/2/2022 06:35

It might not be Investec.

Now that the company are willing to buy until the gap to NAV narrows there will be lots of holders who may buy at market price in the expectation of the price rise. It all becomes a bit of a self fulfilling prophecy.

At 15p new holders are looking at a safe 20% rise. Cash might come looking for safe havens like this.

[lpavlou] 25/2/2022 19:33

Investec are making a real mess of it. The purpose of the buyback is to make the long term holders richer by increasing the net asset value per share of the company, not driving up the share price on day 1.

[orchestralis] 25/2/2022 11:58

Next leg up coming. Perhaps the buy back is having an affect or the hope of a return of capital to shareholders

[lpavlou] 23/2/2022 19:55

I don't see a tender. They should just buy why's out there in the market at the lowest price possible to give those shareholders that remain a higher net asset value per share.no need to rush as they don't have a target in mind and in this market cash is king.

[kinbasket] 23/2/2022 19:37

The goal of allowing investors to exit and close the discount is best served by a tender. Just offer to buy up to 20% at 17p/18p ish and it's done. Months of cat and mouse with on market purchases seems a bit daft.

[zoolook] 23/2/2022 17:30

They don’t want to buy back 20% for its own sake - it’s been prompted by the low share price and to allow an exit for investors who don’t like the new strategy.

hxxps://www.ldgplc.com/publication-of-circular-and-notice-of-general-meeting/

“Following the Disposal, trading in the Ordinary Shares has been at a significantly discounted level to the amount of available cash per Ordinary Share, thus the Company is seeking shareholder approval to acquire up to 20 per cent. of the Voting Share Capital (the "Share Buyback"), to reduce the observed discount to net asset value per Ordinary Share and provide an exit opportunity for shareholders who do not wish to retain their investment in the Company following the change of the Company’s investing policy”

[kinbasket] 23/2/2022 17:20

Makes more sense to me to do a tender if they really want to buy 20%.

[briggs1209] 23/2/2022 16:04

Well with 20% available for purchase and pure cash in the bank it seems sensible to buy until the price hits parity with NAV. Even if for no better reason than it will make a future acquisition easier at a higher share price.

[zoolook] 23/2/2022 10:35

Game of poker for short term holders second guessing what price holders prepared to sell at and up to what price LDG prepared to buy shares back.
At least it’s a game where nobody should lose including (and maybe especially) those in it for the long haul looking to benefit from future acquisitions.

[spagboll] 23/2/2022 10:35

Looks like we may get some good news next week, looking at today's RNS

[ntv] 23/2/2022 10:19

Going to give shareholders capital protection from the the market volatility. That has to be a good thing

[ntv] 23/2/2022 09:25

Not until they actually start buying stock but they still have the paperwork to finalise

[queenbreguet] 23/2/2022 07:55

Good day ahead ??

[ntv] 16/2/2022 15:20

Bought a few more recently as well

[briggs1209] 15/2/2022 04:40

I bought more yesterday. Rates look like going up and markets are unsettled in places. A 25% upside will still be a discount to cash. Seems a great bargain.

[chrisdgb] 09/2/2022 15:42

Indeed, should start to squeeze higher soon........

[lpavlou] 08/2/2022 19:57

Nice 5m trade today in preparation for the buybacks