Logistics Development Share Discussion Threads

[briggs1209] 06/6/2022 15:25

Yes, if inflation is not a temporary feature then sitting on cash is not good. It needs to be put to use.

[lpavlou] 05/6/2022 21:36

If they were going to wind the company down, they would have done it by now. They bought a small stake in caretech which leads me to believe they want to use this company now to dabble in the markets seeing value. I don't have an issue with this but would prefer them to be more active and start putting the cash to use

[briggs1209] 05/6/2022 16:17

Maybe they should use their cash to buy a chunk of crystal amber - there is another fund being wound up that trades at a discount to NAV.

[stemis] 04/6/2022 22:54

Well, if all they can do on a 3 year view is achieved net asset value, they may as well wind up and return the net asset value to shareholders now...

[lpavlou] 04/6/2022 22:21

What else are they going to do with the cash. The buyback was a waste of time for me unless you were looking for the exit door. I'm happy to take a 3 year view in order to get out at the current NAV

[briggs1209] 04/6/2022 06:32

The discount to cash is so large here that new investors will not be looking at a 3-5 year view. A short return to NAV will make a significant return, that surely must be the immediate priority.

[zoolook] 02/6/2022 21:37

I’m not so sure that the LDG Board will be amenable to going down that route. I got the impression from their RNS noting DBAYs 750p offer for CTH that they weren’t party to DBAYs bigger ambitions. DBay is an advisor, largest shareholder and has a presence on the Board but they don’t have the final say.

[lpavlou] 02/6/2022 19:35

I'm sure Dbay will use all of LDGs cash if they buy out Caretech for a small stake in the business, Which would mean LDG becomes a 3-5 year play. I'd prefer they look for shorter term investment returns.

[zoolook] 02/6/2022 18:16

Who knows how it will play out. LDG gets £14.46m back if they sell out to DBay or Sheik Holdings at 750p I think so not a major investment (or return) for LDG if they do that but not bad either over a short timescale.

If DBay takes it private maybe LDG will hold on to or increase its stake in the private holding. The investment mandate allows them to do it. The CTH Board will have provided DBay more detailed access to the finances so they can better weigh up what sort of value it might generate under their control. Awkward situation if they intend keeping on the current management who are trying to do the MBO.

[lpavlou] 02/6/2022 16:03

I'm surprised they haven't pulled out of the race for Caretech, given the Sheikh has over 51% support for their offer at 750. Will Dbay come back and offer 775 and that's what it will take, though I'm sure the Sheikh will come back and match them.

[zoolook] 02/6/2022 09:45

It’s only been a few months since they’ve had the change of investment mandate. Think I’d rather they take their time and cherry pick investments. Another similar set up (VLE)goes for years without making an investment.

[briggs1209] 02/6/2022 08:12

DBAY seem ok, but not much is happening here (that we can see) to generate a return on our investment. In an inflation rich environment I either want a bit more action from DBAY or a straight up return of cash from LDG.

[rimau1] 02/6/2022 07:24

Caretech have extended the offer deadline from Sheikh and Dbay until 30th June. Other than LDG having a small direct holding of 1.74% in Caretech which has risen in value do holders think there are any other impacts on LDG if Dbay succeed?

[lpavlou] 01/6/2022 18:43

2 large sale orders gone thru without much impact. Must mean there are buyers out there keen to hoover them up

[lpavlou] 27/5/2022 20:24

Not many shares traded today. Wonder if the spread is putting people off

[zoolook] 26/5/2022 08:30

At the AGM they got the the authority to buy back up to 62,544,552 shares. They should press on and use that allocation first at the current low share price

[briggs1209] 26/5/2022 06:09

A buy back seems a no-brainer given the discount.

CRS is another one with a big discount that is worth a look

[lpavlou] 25/5/2022 20:30

SP ticking up as sellers are enticed to sell with each share price increase. I can't see another buyback this year unless the share price tanks which is unlikely given the discount to NAV

[lpavlou] 20/5/2022 20:46

Managed to pick some up this morning, but there weren't many sellers prepared to sell when the price dipped below 13p, which probably explains the share price recovery.

[lpavlou] 20/5/2022 08:22

Someone bailing out for the share price to drop that much

[monet] 12/5/2022 15:59

Thanks Zoolook

[zoolook] 12/5/2022 15:50

11(a) the maximum aggregate number of such shares that may be acquired under this authority is 62,544,552;

hxxps://www.ldgplc.com/ldg-notice-of-agm-2022/

[monet] 12/5/2022 15:10

Do we know how many shares they can purchases or how many millions they can spend buying back shares?