Logistics Development Share Discussion Threads

[briggs1209] 26/8/2022 07:48

With inflation not going away I would like to see DBAY either make that NAV go up or narrow the gap.

17.4 p/share NAV looks right and that gap does not look like closing any time soon.

[rimau1] 26/8/2022 07:32

Not too much to highlight from the results update except we have a new investment in Finsbury Food and Caretech sale should complete in September. I make NAV per share around about 17p post sale of caretech. (652m shares, £112m equity). Discount still too wide IMO for what is effectively a cash shell.

[arthur_lame_stocks] 26/8/2022 07:32

Interims are out. Any comments?

As far as I can see they have booked a small loss on Caretech which should turn in to a profit once the takeover goes through and have taken a stake in Finsbury Foods (which I quite like).

They're also eyeing up further investments and I'm glad they sat on cash whilst the market was falling as this will allow them to get a keener price.

Still trading at a discount to net cash with the investments thrown in for free.

I'm happy to hold at the moment.

[rabiddog] 23/8/2022 10:09

Announced 25th Aug

[tyranosaurus] 22/8/2022 19:05

Last years interim results were on 20/08/21.
Could be this years at any time ??

[chrisdgb] 22/8/2022 14:36

Crazy oversold at these levels......

[lpavlou] 11/8/2022 19:53

Another poor volume daySellers seem to be on strike unless they get a higher price buyers sitting on the sideline waiting for the price to drop. Could do with a narrower spread to encourage some trading

[lpavlou] 10/8/2022 20:19

Couldn't get IG to quote on any spread bet in LDG today. They were only prepared to close existing bets. They were also quoting 13.46p to purchase when the share price was 13.2-13.4. Not sure what to make of it unless they couldn't get their hand on any stock

[lpavlou] 10/8/2022 11:12

Surprised there are so many people still looking to get out at low 13p. Assume they have a better use for the money and might reinvest later if nothing has happened in the meantime.

[tyranosaurus] 08/8/2022 10:04

Seller this morning.
7 trades of £10.000 each.

[lpavlou] 03/8/2022 03:48

Current spread seems to be deterring trading activity.

[11_percent] 29/7/2022 13:18

Hi guys.....a bit quite on here.

Evil Knievil......is saying buy this.

"I keep on buying Logistics Development Group (LDG) – last at 13.5p. If I were a fool I would accuse myself of theft. In the meantime, I’ll keep buying. I think it makes sense."

[lpavlou] 28/7/2022 10:49

Doesn't take much buying volume to lift the price, but spread is too wide

[zoolook] 27/7/2022 15:05

It may be low but it’s definitely not nil

[lpavlou] 26/7/2022 20:29

The downside risk will come from a poor investment. For me this is a low risk as they are savvy guys. I was expecting them to have offloaded their Caretech shares by now, but hope they are waiting to get the 750 as opposed to selling in the market at 743p. I just hope they don't roll over into the new entity. These are cheap if you think they are going to dissolve LDG and hand the cash back. I'm happy to wait for the next deal as there will be plenty of opportunities in the next 12 months

[eezymunny] 26/7/2022 08:35

What an idiotic comment. DBAY are likely to invest the cash (in their own funds or something direct). They can mess things up. So there's downside! Durrr...

[live ink] 26/7/2022 07:01

Gentlemen,

I remain staggered by LDG sitting at 13.5p. For I have never before come across an investment where the long term down side is nil and the upside is 35%.

Evil Knievil

[lpavlou] 22/7/2022 21:39

Surprised we are back down to 13p. Opportunity to keep topping up

[lpavlou] 28/6/2022 21:36

I suspect dbay are looking at other targets in these uncertain times. I don't think they will be taking small stakes in companies unless they want to take them over.

[stemis] 28/6/2022 21:31

At 30 Nov LDG had net assets of £133.9m. Since then it has bought back 140,441,000 shares at a cost ~£20m. Even after making a profit of £2m on Caretech, I'd say NAV was closer to £116m. However at 13.6p (x 562m shares in issue) mkt cap is closer to £76m; a discount of 35%.

[rimau1] 28/6/2022 21:17

Mr Evil is undercooking LDG with his £120m+ cash balance. Assuming we receive the caretech proceeds we should be closer to £134m versus a market cap of £95m. How can a cash shell have a 40% discount?? Dbay must be very close to bidding on another target or Mgt should be about to press the buy-back button.

[lpavlou] 28/6/2022 16:39

Investors finally waking up to the huge discount to NAV. I've been accumulating at 13p as the share price has been see-sawing but to be fair 14p is still great value

[baronet bill] 28/6/2022 13:32

Am surprised they have discontinued [temporarily] the share cancellations given their last buybacks were at .15pence

[lpavlou] 28/6/2022 13:32

I see that Richard Griffiths has popped his head above the parapet. He also had a small stake in caretech. If he keeps on increasing his stake here, then that probably means he's banking on a return of capital to shareholders.