Logistics Development Share Discussion Threads

[lpavlou] 30/3/2022 19:57

Zoo, they are buying the shares in the name of LDG. for me Dbay is the same as LDG as they are in essence in full control and do want they want with the cash. They are probably up £1m so far, so it's been a profitable investment and increases the NAV

[value hound] 30/3/2022 14:22

DBAY over 30%

[zoolook] 30/3/2022 10:41

Presumably you are basing that on this RNS:

Are you sure the DBAY holding is solely on behalf of LDG and not split with another of their funds or another client they are investment managers of?

[lpavlou] 29/3/2022 20:21

Up to 1.5percent of Caretach now. I expect them to keep adding as they are confident of the takeover going through at a decent premium.

[lpavlou] 25/3/2022 12:42

Dbay still increasing their stake. They must be confident caretech will get taken out

[lpavlou] 23/3/2022 19:42

Sorry make that 1.4m shares. I would rather they spend their cash substantially increasing this position than buy back shares at16p

[lpavlou] 23/3/2022 11:51

They have also increased their holding in Caretech to 1.2m shares.

[zoolook] 23/3/2022 08:34

They aren’t obliged to buyback the allocated number of shares and they’ve got till August 2023.

Sold half my holding yesterday. Still have an uncomfortably large holding though.

[baddeal] 23/3/2022 08:21

So about 70m now repurchased, approx halfway to the indicated total. Price risen from c13.5 to c15.5.Any guesses for where it will be to get the other 70m?

[zoolook] 21/3/2022 12:45

15,827,052 bought back on Friday! At this rate the buyback will complete by the end of April

[tyranosaurus] 18/3/2022 12:41

I reckon they have bought back 32,640,740 shares excluding any bought already today.
Total to buyback 140m.
Now buying back at 16p.

[lpavlou] 10/3/2022 19:46

Looks like an investor has bailed out at 15p. Could be as much as 20m shares.

[tyranosaurus] 10/3/2022 15:12

It`s gonna cost more as it has increased the share price.
Buybacks will be more expensive.

[lpavlou] 10/3/2022 09:49

They probably know this will get taken out at £8plus so dipped in for a quick turn. I'm surprised they haven't bought other shares in the recent volatile markets for a quick turn too.

[zoolook] 10/3/2022 09:40

Spare change for them but a signal of intent that they are willing to be opportunistic rather than wait for a big strategic acquisition unless of course they have designs on building a sizeable stake

[kinbasket] 10/3/2022 08:29

The Put up or shut up on the CTH deal is 4th April so we don't have long to wait.

[arthur_lame_stocks] 10/3/2022 07:36

It looks like they're taking a short term punt on a takeover of Caretech.

[arthur_lame_stocks] 10/3/2022 07:30

They've finally deployed a bit of that cash pile.

[lpavlou] 07/3/2022 21:00

Bad deal, I'm the one was has been advocating moping up shares to keep the share price down and increase the net asset value. In the last 2 months the daily shares traded is circa 1m. With the buy-back this has dramatically increased. At least it's kept the share price stable in what is an unstable market

[baddeal] 07/3/2022 18:05

Net cash is 19.13 pps. Launching a tender at 18p would therefore barely add any shareholder value whatsoever. The whole point is to buy in the market at a sizeable discount.

[zoolook] 06/3/2022 20:28

Because it would most likely be over subscribed and post tender the price would go down. This way the most disaffected shareholders move on and the remaining shareholders are in it for positive reasons and get a small boost to the NAV as a reward.

[lpavlou] 05/3/2022 14:14

Zoo, if they wanted to drive the price up, why not make an open tender at 18p. Job done. It should be in the major shareholders interest to buy up as many shares as cheaply as possible so they can drive up to the net asset value to in excess of 20p. The usual trading volume here was sub 1m per day, but is now much higher, which tells me they are driving the volume.

[briggs1209] 05/3/2022 01:38

Well at the moment you would say that they are not chasing the price up. So far it's more mopping up than ramping up.

[zoolook] 04/3/2022 21:34

See my post 292 (which you didn’t respond to). The stated intent is to close the discount on the cash per share and allow an exit for shareholders who want an exit following the change in strategy. If Investec are driving the price up they are meeting the stated aim.

[lpavlou] 04/3/2022 20:02

In my view they should be mopping up shares not bidding them up. That way the real net asset value will increase for the remaining shareholders. Appreciate others would prefer them to keep bidding up the price to increase the SP, but as this is a cash shell, it's at all about the next deal which should be a cash purchase. There will be plenty of opportunities coming up this year