Logistics Development Share Discussion Threads

[metis20] 16/5/2023 18:47

At the current rate of spend/acquisition it will take more than two years to reach the £15mn/112mn max target. However the buyback stops by the next AGM - in 1 years time - next May.

[lpavlou] 16/5/2023 17:34

Looks like it's 395,000 shares in tomorrows RNS

[baddeal] 16/5/2023 09:12

Yep I suspect buyback price will need to increase now for them to find the volume they need

[lpavlou] 16/5/2023 08:30

Appears to be a change of strategy. Highest number of shares purchased on a single day and at the highest price so far

[metis20] 16/5/2023 07:28

250,000 @ 15.35p

[lpavlou] 15/5/2023 22:09

150000 @ 15.298 is probably tomorrows RNS.

[ntv] 15/5/2023 20:03

I think the buybacks are just notional at the moment as I am hoping there are other plans for their shareholdings in the companies they currently hold

[briggs1209] 15/5/2023 15:44

yeah, thought it must be them picking up that chunk under 15p.

[lpavlou] 15/5/2023 07:35

Interesting that they weren't involved in the 2 large trades on Friday

[ntv] 13/5/2023 10:50

I checked their website this morning and noticed it is way out of date
Looks like the company secretary has fallen asleep. Pull your finger out

[kirmich] 12/5/2023 20:49

If they are part of the buyback, it would be at an attractive price and accretive to their nav. It's 4% of the outstanding shares. Quite an overhang cleared, no matter who the buyer is.

[lpavlou] 12/5/2023 20:36

All their uk stock purchases are doing well so agree worth following then. Question is which one are they going to bid for ? Looking forward to Mondays RNS to see what these large trades are about as it would be a change in strategy if they are buybacks. Could also be another investor taking a stake for a quick turn

[kirmich] 12/5/2023 19:54

and another one of 11,148,250 at a price of 14,80p at 13.44 (late reporting)

[tyranosaurus] 12/5/2023 15:21

10,500,000 share trade showing as a buy at 13.55.
Interesting to see what this is.

[farmers son] 12/5/2023 13:50

yes, maybe it's semantics on company classification
it would be good to see monthly or quarterly factsheets on investment performance, commentary, official NAV calcs etc.
ultimately you're right - it relies on successful investments and material increases in NAV

[zoolook] 12/5/2023 13:10

I’m not sure about that - take a look at the discount for MVI !
Also conversion wouldn’t remove what I think are the things depressing the share price ie the worry around the Esken shareholding, DBAY’s majority stake, the sway DBAY surely holds over the LDG Board and the opaque nature of DBAY’s activities as Investment Manager who are also playing their own book at the same time.
There’s no obvious short term outer to close the current gap with NAV given the buyback isn’t having that impact so my investment feels like a proxy for cash and a slow burner as it gradually increases its NAV through good investments and buybacks.
If I was a more involved investor I would probably look harder to deploy my cash elsewhere.

[farmers son] 12/5/2023 11:47

does anyone know if the company have considered becoming a registered investment trust?
would be unusual for a listed equity IT to trade on a discount of 30%

[briggs1209] 12/5/2023 11:07

At the moment that looks the case, but if DBAY keep picking up bargins interest here should pick up. However, I've been thinking that for 12 months!

[zoolook] 12/5/2023 11:05

Decided to buy into Trifast directly after looking into it. They’ve since released a decent update. Will buy more if it falls back. Might be more profitable to follow the LDG / DBay purchases rather hold LDG as even this second buyback isn’t stimulating a rise in the share price

[lpavlou] 10/5/2023 20:21

Resumed stake building in Trifast.

[lpavlou] 06/5/2023 09:22

Circa 3m shares bought back so far at circa 15p at 150k shares per day. Has kept the share price stable at this level and added 150k to the NAV. Investec doing a good job this time and just mopping up shares

[lpavlou] 27/4/2023 13:25

More selling today than usual.

[lpavlou] 21/4/2023 20:40

I wish they could buy back all the shares at 15p as that will increase the NAV for the rest of usI'm pleased that Investec have held firm this time and not bidding up the price. They are picking up 150000 shares a day at circa 15pProbably trying to call Eskens bluff whom they know have to sell their sharesGood thing is this has put a floor on the share price

[baddeal] 21/4/2023 16:53

Plenty of shareholders seem happy to be selling around 15p suggests they don't have a great deal of faith in the gap to nav closing

[lpavlou] 13/4/2023 18:48

They are sticking to mopping up shares at circa 15.15p rather than bidding them up. Suits me fine as it increases the NAV and puts a floor on the price