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LDG Logistics Development Group Plc

12.20
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Logistics Development Group Plc LSE:LDG London Ordinary Share GB00BD8QVC95 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.20 12.00 12.40 12.20 12.20 12.20 116,442 07:45:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs -9.54M -10.12M -0.0192 -6.35 64.15M
Logistics Development Group Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker LDG. The last closing price for Logistics Development was 12.20p. Over the last year, Logistics Development shares have traded in a share price range of 9.60p to 14.90p.

Logistics Development currently has 525,811,412 shares in issue. The market capitalisation of Logistics Development is £64.15 million. Logistics Development has a price to earnings ratio (PE ratio) of -6.35.

Logistics Development Share Discussion Threads

Showing 651 to 675 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
27/9/2023
08:36
The easiest way to have created value for shareholders would have been to wind the company up and distribute the 19p a share in cash it had (a value it hasn't come even close to since it sold Greenwhitestar, despite all the share buybacks).
stemis
27/9/2023
04:29
I think DBAY is doing a nice job. On the buyback side, they are getting as much shares as possible, upping our and especially their stake as cheaply as they can. The are now doing 200.000 shares a day, 1 million a week at about a 30% discount so about 1% of the outstanding shares per month (if they can continue this way) and already about 20 million or 4% of the outstanding shares cancelled.

On the investing side, they now got stakes in 4 companies. SQLI, Finsbury, Alliance Pharma and Trifast.
Results out for 2 of them yesterday, Finsbury and Alliance. The results for Finsbury in my mind show they aren't paying much for the entire, very well managed business. At Alliance Pharma the business is generating more cash and the outlook looks promising. I also liked them stopping the dividend stream there, debt is too costly these days.
SQLI's numbers were ok, gently growing.

So i think captive is a harsh word. And related to Finsbury, if LDG wanted to sell their stake on the open market (if there wasn't a takeover bid), it would crush the stock price as the liquidity was very poor, so not really agreeing with the assumption of the easily saleable shares.

kirmich
22/9/2023
17:43
Yeah, the relationship is a not one of equals at the moment.

Only saving grace is that DBAY being such a big holder of LDG shares will (in the long term) be mostly aligned with us.

briggs1209
22/9/2023
13:30
All this deal does, if it wasn't already clear, is demonstrate the LDG is a captive of DBay. They've swapped listed, easily valued, easily saleable shares in a transparent capital structure for unlisted, non-transferrable, difficult to value shares in an opaque capital structure.

LDG are to receive 11,763,979 Bidco A Shares. How many total A shares are there? How many non voting B shares? How much debt will Bidco carry?

It may well turn out to be a good deal, but at the moment it's easy to see why LDG shares are where they are.

stemis
21/9/2023
10:46
Certainly not going to aid transparency but I must say I like the deal.
makinbuks
21/9/2023
07:47
We now have clarity. We will still be a bit player in the new entity. I'd prefer they take a meaningful stake. Our profit on FF equates to 0.5p of Nav. At least the buy back has increased to 200k shares per day
lpavlou
20/9/2023
09:51
Yes, need clarity.

Either LDG take the cash and we get a bump in NAV and liquid assets to reinvest, or, we get locked into a private investment which will make valuation more difficult.

If DBAY sell the LDG stake in FIF for cash they would presumably get their % of the profits. How it would work with payments if LDG keep the private holding in FIF?

briggs1209
20/9/2023
09:42
Its going to be interesting to see. Perhaps they should make a statement to the market
makinbuks
20/9/2023
08:52
Why do you think LDG will take non voting B shares in Bidco rather than cash?
stemis
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
lpavlou
20/9/2023
08:20
But taken out by DBAY
makinbuks
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
+eysenck
08/9/2023
07:55
Being careful not to overpay with the buybacks hence the low amount purchased over the last 2 days.
lpavlou
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.

boystown
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
lpavlou
31/8/2023
16:59
Interim results out, no NAV given from what I can see
briggs1209
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
lpavlou
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

cityadvice
15/8/2023
15:53
10.3 million shares changed hands today. Stock being shuffled from the impatient to the patient.
briggs1209
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
lpavlou
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.

zoolook
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older

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