Logistics Development Share Discussion Threads

[lpavlou] 19/10/2022 17:05

I assume that Dbay are either trying to smoke out a bidder for FF or look to bid themselves.

[kinbasket] 11/10/2022 16:16

Or winding up the company and returning the cash to shareholders..

[baronet bill] 11/10/2022 10:37

Let's hope and pray Not
LDG is trading already at such a huge discount to cash, anything other than buybacks in this uncertain world is folly.imho

[chrisdgb] 11/10/2022 09:43

Hopefully this market carnage will give them plenty of attractive opportunities.....

[lpavlou] 05/10/2022 19:44

400k will help pay for the back office costs thereby retaining the NAV. I reckon they are lining up a bid now.

[stemis] 04/10/2022 21:00

3.7m were bought at 69.5p. The rest at probably 71-72p so average just under 70p.

Although the purchase of FIF is showing a profit, it's pretty much a side show. 10p profit on 4.025m shares is (£402,500)is 0.08p a share.

[lpavlou] 04/10/2022 19:34

For Dbay to have bought a stake in FF, they either think someone is going to bid for them or they intend to bid. I think the latter is more likely

[rimau1] 04/10/2022 07:03

Well timed purchase of FIF, we probably paid 71p for our 3%.

[value hound] 02/10/2022 07:39

Finsbury tipped by Midas in Mail on Sunday.

Kiss of death!???: :-)

Voila:

Midas verdict: Investors considering Finsbury must decide whether they believe in Baker and Duffy's strategy and ability to get through hard times. If they do, there is much to be said for cutting a slice of the firm. The shares are trading on an undemanding seven times forward earnings and yielding 3 per cent. At this level, and with sterling weak, they could be a tasty morsel for a private equity firm or overseas rival.

The company has a new credit facility too, which should help it withstand turmoil and perhaps make acquisitions of its own.

Duffy believes that the firm has more savings to squeeze with the Brilliance programme as it rolls out integrated systems across Finsbury's different brands. They won't cancel out the impact of inflation, he admits, but they will help.

Those with patience could benefit in the long term. Buy on current weakness.

[kinbasket] 01/10/2022 14:26

Or return it to shareholders. I can buy my own year bonds and not pay the fees.

[arthur_lame_stocks] 30/9/2022 18:12

I'm pleased they're sitting on cash whilst the market is tanking. It just means that when they do start spending it on investments they are going to pay much keener prices.

[live ink] 30/9/2022 18:06

zoolock,

I think you are mistaken in so emphatic a criticism of the directors' conduct. Surely you would conclude that the lunatic selling down of cash to a heavy discount to cash must represent an opportunity.

EK

[lpavlou] 29/9/2022 21:46

Spread is too wide and preventing trading. Not clear if LDG sold out their Caretech position or went with the reinvestment option. I hope they have sold out as cash is king at the moment

[lpavlou] 28/9/2022 21:54

Still topping up. Could do with the spread narrowing. Confident to back Dbay.

[+eysenck] 28/9/2022 14:36

£60k worth picked up at midday. Maybe some action ahead (he says in hope rather than expectation).

[ntv] 28/9/2022 14:02

I think they get a big heap of cash tomorrow

[ntv] 28/9/2022 14:01

They might even be earning some interest on that cash balance now

[ntv] 28/9/2022 12:00

Never really checked it
I will get advfn to change it

[ohisay] 28/9/2022 10:56

This is the correct Market cap ..£66m .Advfn today of £83m is wrong

[lpavlou] 24/9/2022 18:31

Picked up a few more on Friday. I expect DBay to start putting the cash to good use soon.

[lpavlou] 07/9/2022 20:51

Suppose investors are nervous that LDG may bid for FF, but I see it as a buying opportunity to top-up