Logistics Development Share Discussion Threads

[zoolook] 10/11/2022 09:33

Where have they been ‘making noises’? The strategic review is mentioned in the latest RNS but nothing specific to the LDG holding. Did it come up in the investor presentation?

[lpavlou] 09/11/2022 20:37

Esken making noises that they may need to sell their 57m shares as part of a strategic review. They need the money but can't see than wanting to sell at such a discount to NAV

[lpavlou] 04/11/2022 21:02

I still think they are trying to smoke out a bidder at FIF rather than bid themselves, it you never know. If they did decide to bid, I can't see them paying more than 1pound which is 30percent higher than their original purchase price.

[ohisay] 28/10/2022 11:04

I see that Richard Griffiths has latched on to Logistics DG (LDG). It is many years since I encountered him, but he is no fool. Keep copying him and buy at 13p.

[lpavlou] 26/10/2022 20:48

Very little stock to buy here. Sellers sitting on the sideline

[lpavlou] 24/10/2022 20:28

Stake in FF keeps increasing. Are they looking to take it out at 100p

[lpavlou] 21/10/2022 19:07

Spread still too wide. Placed an order at 12.35 and there were no takers

[lpavlou] 20/10/2022 19:47

RG increasing his position here as well as Esken

[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