Logistics Development Share Discussion Threads

[+eysenck] 26/7/2023 12:43

Interesting post Kirmich, and as ever patience is required. So, just under 3% bought and cancelled so still a far chunk to do. They are purchasing up to 20% if my memory serves me right.

[kirmich] 24/7/2023 21:06

If you are a long term holder, you love the way they approach the buyback. They are able to buy back a maximum amount of shares this way. Instead of pushing the price up and then falling back. I think it shows they are here for the long haul. They now have bought and retired 14.932.404 shares or 2,658% of the outstanding shares at the beginning of they buyback program.

As to their purchases, it is far too short a time period to evaluate how they will perform. The future will tell, but I give them the benefit of the doubt.Finsbury, SQLI, Trifast up, APH down but the numbers they released were all ok.

[lpavlou] 22/7/2023 08:50

Buybacks reducing in size, which is surprising given the share price drop. Would have expected them to up then to 200/400k per day. Might be saving cash to support a potential Dbay acquisition

[lpavlou] 19/7/2023 15:30

LDG own 2.79 percent of Trifast

[stemis] 19/7/2023 13:39

Spooky.

Yes the share price of SQLI has certainly increased since Dec 22 (from about Euro 44 to Euro 49.4). LDG has an effective 9% interest in SQLI, since it's done through an 11.1% interest in Synsion Topco, which has ~81.3% interest in SQLI. That would be worth about EUR 20.5m (9% x SQLI mkt cap of EUR 228m) but there's also an unknown amount of debt in Synsion Topco. Again LDG just seem to be tag along investors with other DBay funds.

[dartron] 19/7/2023 12:48

I see the announcements for APH and FIF, so maybe those are not for LDG. I agree its very opaque - and a rather disappointing investment so far. I bought some APH last week, I think that is a better way to play this, though I also hold LDG currently.

[spooky] 19/7/2023 11:50

SteMiS - SQI are listed so you can follow that easily. Worked out very well so far.

[stemis] 19/7/2023 11:43

Thanks Dartron, I missed that, but how many are held by LDG. According to the RNS by Trifast, the 6.94% was bought by DBAY Advisors Limited as discretionary investment manager of DouglasBay Capital IV Fund LP, Fixtaia Limited and Logistics Development Group Plc. I see LDG didn't announce anything...

In a way this makes my point a bit. It's all a bit opaque and hard to know if LDG are just run by DBay as if the money is there to support DBay's strategy.

[monet] 19/7/2023 11:38

Might be the start of the recovery!

Director Dealings

Alliance Pharma plc (AIM: APH), the international healthcare group , has been notified that Andrew Franklin, the Chief Financial Officer of the Company, purchased 50,988 ordinary shares of 1.0p each in the Company ("Ordinary Shares") at a price of 49.005 pence per share on 18(th) July 2023; and Richard Jones, a non-executive Director of the Company, purchased 53,000 Ordinary Shares at a price of 47.10 pence per share on 18(th) July 2023.

[dartron] 19/7/2023 11:21

SteMis, they also have about 6.94% of Trifast. Last RNs increase was 10th May.
Doesn't change the figures much, but one to also note.

[lpavlou] 18/7/2023 22:55

Need to be patient. The share price was in high 12s when they announced the buyback. They have learnt from the last buyback that it's better to take your time and do it over a longer period rather than rush in as when it's finished the share price just drops back. I'm expecting Dbay to make an acquisition soon in one of its investments, which LDG will participate in.

[tyranosaurus] 18/7/2023 21:53

If 111539 is the total buyback for today (when there were more shares traded) it is a waste of time doing it.
How long will it take to buy back the maximum ? and will I still be alive by then ?

Sell everything and liquidate the company.

[briggs1209] 18/7/2023 21:08

The discount to NAV is a fair reflection of those comments SteMiS.

If the board cannot narrow the gap one way or another a wind up would be the best route for a realisation of a return.

A winding up would currently be good news to Esken

However, the buy back is gradually getting shares off the market.

[stemis] 18/7/2023 18:23

As far as I can seee Dbay's dabbling on the stock market has barely provided any value to LSR's shareholders. Unless I've missed something, they've invested in

Caretech - realised profit of £1.7m
Finsbury Food - bought 11,457,000 shares for £9.1m, now worth £10.9m, so up £1.8m
Alliance Pharma - bought 33,763,000 shares for £19.1m, now worth £15.9m, so down £3.2m

Overall up by £0.3m. Probably would have got more on deposit.

The only other thing they've done in two years is invest Euro 14.4m in a minority stake in Synsion TopCo, a private holding company of a group of companies formed by DBAY specifically to invest in SQLI S.A. for which we have little real visibility.

For this it's cost around £2m in admin costs since they sold their interest in Stobart. Hardly any wonder the share price is where it is...

[stemis] 18/7/2023 17:33

They'd be better winding it up.

[baddeal] 18/7/2023 17:10

Buy back is proving a waste of money, I'd rather they paid a dividend

[lpavlou] 14/7/2023 20:21

Driving the price down and buying back shares increases the NAV for the remaining shareholders. How we to take advantage they need to be buying back 400k shares a day not 100k. APH is having a tough time, but now ripe for Dbay to have a go.

[tyranosaurus] 14/7/2023 17:05

I would like to see them buy higher amounts, maybe 140,000 or more while price is this low.
Another week another drop in APH.

[kalkulacka] 14/7/2023 09:34

Doing a great job driving the price down?
I would rather see the price driving up.

[lpavlou] 13/7/2023 18:17

Doing a great job driving the price down. Hopefully they can take advantage and increase the number so shares they are buying. They are taking a hit on APH but doing well in FF and TRI

[lpavlou] 08/7/2023 14:58

Nothing wrong with mopping excess shares even if the share price drifts lower as it benefits all shareholders with increased NAV and puts more pressure on Esken

[lpavlou] 06/7/2023 23:28

Still mopping up and not bidding for stock. Good for long term shareholders. APH stake is now losing money

[lpavlou] 22/6/2023 21:21

To me it's a conscious decision to mop up shares rather than chase them. They are happy paying 15p and won't chase it higher. Wouldn't surprise me if they are working on taking out APH. They might be able to get it for 70p now

[tyranosaurus] 22/6/2023 14:17

If someone else bought that 4m shares then why can`t LDG buy back larger amounts ?
APH is sinking like a stone but LDG don`t seem interested in buying more.