Logistics Development Share Discussion Threads

[stemis] 20/9/2023 08:52

Why do you think LDG will take non voting B shares in Bidco rather than cash?

[lpavlou] 20/9/2023 08:42

This will mean our money is locked in to the bidco. Question is whether LDG will put more funds into Bidco for a larger stake. Will also mean it becomes an illiquid investment. I thought they may go after APH, which is why I started investing there too, but picked the wrong horse for now

[makinbuks] 20/9/2023 08:20

But taken out by DBAY

[+eysenck] 20/9/2023 07:21

Finsbury food taken out at premium. Should be a nice payday for LDG

[+eysenck] 18/9/2023 15:21

10,000,000 bought @ 13.50p. Did nothing for the share price

[lpavlou] 08/9/2023 07:55

Being careful not to overpay with the buybacks hence the low amount purchased over the last 2 days.

[boystown] 07/9/2023 16:22

Tipped by Simon Thompson again

The bottom line is that LDG’s shares are being anomalously priced once you factor in the substantial cash backing, the underlying value in its four holdings and their re-rating potential. Effectively, you are getting those stakes at less than half their book value even though their intrinsic value is materially above their current market prices. That double discount is worth exploiting. Buy.

[lpavlou] 04/9/2023 09:42

From a quick reading of the numbers and current SPs, they are breakeven on APH due to the dividend. Up 10percent on SQLI, up on FF and up to TRI. I make it up £2m on investments, so with costs etc, NAV is probably up £1m so it's still sub 21p

[briggs1209] 31/8/2023 16:59

Interim results out, no NAV given from what I can see

[lpavlou] 25/8/2023 19:43

Seems they are having to pay a bit more with each buyback. Volumes dropped this week, so sellers wanting a bit more for their shares

[cityadvice] 16/8/2023 19:00

lpavlov
Responded to PM

[cityadvice] 15/8/2023 17:46

Hello LPAVLOU
I've left you a PM in your ADVFD mailbox

[briggs1209] 15/8/2023 15:53

10.3 million shares changed hands today. Stock being shuffled from the impatient to the patient.

[lpavlou] 08/8/2023 09:32

15.7m shares purchased to date at a rough discount of 30percent to NAV.

[lpavlou] 07/8/2023 20:27

Could be the first 150k purchase in weeks

[lpavlou] 04/8/2023 19:21

Nice 6m purchase. Dbay don't need to buy out LDG as they control it anyway and use their money to part find their other investments to get a bigger stake

[zoolook] 04/8/2023 11:22

The target is “no more” than the 15% for share purchases.

Arthur - it’s a justifiable concern and perhaps a fools game to second guess but if they were going to do that then why not already? - they have been happy to sell LDG shares below NAV. Also they have a reputation in the market to uphold. Overall I reckon they have bigger fish to fry. Also they get to earn management fees.

[briggs1209] 04/8/2023 10:17

Fair points Zoolook, but I thought a 'target' to be more of a goal

"As previously announced, through the share purchases under the Share Buyback, the Company intends to implement a discount management policy, targeting a share price discount to net asset value ("NAV") per share of no more than 15% in normal market conditions."

This statement feels like the board wants to narrow the gap to 15% - some way to go!

[arthur_lame_stocks] 04/8/2023 09:16

The biggest risk here as I see it is that DBay are able to take it over at a knockdown price. I guess because they are pretty shrewd value investors and going on what I know of their past history they simply won't pay top dollar for any company.

[zoolook] 04/8/2023 09:03

1. It’s not their goal - it’s their ceiling for purchases
2. No one is going to be able to take it over without DBAY’s co-operation
3. Very rough - 21p

[briggs1209] 04/8/2023 08:12

60000 shares a day at an 8p discount only generates 5000 quid.

We don't seem any closer to their goal of a 15% discount to NAV

Not much to stop someone with deep pockets turning up and trying to get this company to be wound down.

Does anyone have a rough NAV for current investments?

[lpavlou] 01/8/2023 19:14

Alas, Reckon it's the 59748 buy

[tyranosaurus] 01/8/2023 17:27

Interested in seeing today`s buyback considering a 800,000 sale and a 365,000 buy/sale.
I`m getting tempted to buy more at this price.

[lpavlou] 27/7/2023 07:36

Purchases are getting smaller. They are in no rush.

[+eysenck] 26/7/2023 18:28

No shares bought today?