Logistics Development Group Plc

0.05 (0.34%)
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 Shares Traded Last Trade
  0.05 0.34% 14.90 1,009,101 11:42:52
Bid Price Offer Price High Price Low Price Open Price
14.80 15.00 14.90 14.85 14.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Finance Services 2.17 1.15 0.20 - 83.47
Last Trade Time Trade Type Trade Size Trade Price Currency
16:06:18 O 400,000 14.95 GBX

Logistics Development (LDG) Latest News (1)

Logistics Development (LDG) Discussions and Chat

Logistics Development Forums and Chat

Date Time Title Posts
31/5/202310:27Legacy Distribution::::: Candy Truckers596

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Logistics Development (LDG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 16:01:1814.95400,00059,800.00O
2023-05-31 15:06:1915.009,9061,485.90O
2023-05-31 13:42:3614.886,8011,011.99O
2023-05-31 13:05:5314.8630,0004,458.00O
2023-05-31 12:20:0614.9533,4044,993.90O

Logistics Development (LDG) Top Chat Posts

Top Posts
Posted at 16/5/2023 21:54 by lpavlou
They are in no rush. They want to keep the share price at this level as each share purchase is accretive to the NAV. If the buyback finished tomorrow we would be back to 13p. Difference this year is that the cash has been invested in a few stocks, whereas last year the NAV was virtually all cash
Posted at 16/5/2023 07:28 by metis20
250,000 @ 15.35p


Posted at 12/5/2023 13:10 by zoolook
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.

Posted at 12/5/2023 11:05 by zoolook
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
Posted at 21/4/2023 20:40 by lpavlou
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
Posted at 23/2/2023 17:15 by value hound
Update from Simon Thompson:-

LDG’s buy-back programme is a sensible move

-Board asking for authority to buy back up to 20 per cent of the shares in issue
-Net cash equates to 92 per cent of market capitalisation
-£35.4mn value of three listed investments in the price for only £7.5mn

Investment company Logistics Development Group (LDG: 15.85p) will ask shareholders at a general meeting on 6 March 2023 to approve a net asset value (NAV) per share accretive buy-back programme of up to 20 per cent of the 561.8mn shares in issue, but is limiting the buy-back to £15mn.

It makes sense to do so given that LDG has net cash of £81.5mn (14.5p), a sum equating to 92 per cent of its market capitalisation of £89mn, which means that shareholdings in Finsbury Foods (FIF), Alliance Pharma (APH), and a see-through 11.1 per cent stake in SQLI S.A. (FR:SQI), a leading pan-European digital transformation business, are in the price for £7.5mn, or 79 per cent less than their combined valuations of £35.4mn (6.3p). That’s harsh given that DBay, the group’s investment manager and shareholder, is making some astute calls, as I highlighted in my recent analysis.

Furthermore, if the board spends £15mn repurchasing 94mn shares at the current offer price, of 16p, then it would add 1p a share to spot NAV of 20.8p, thus creating value for LDG’s remaining shareholders as well as providing support for the share price. LDG’s share price is up 8.5 per cent on my entry level in this year's portfolio and I expect the 24 per cent share price discount to NAV to continue to narrow. Buy.

Posted at 16/2/2023 18:18 by lpavlou
At least we got a trading update of sorts. Cash this time last year was 134.5m, they spent 22m on the last buy back which gets us to £112.5m, which is the current NAV. So running costs must equate to our current profit on shareholding's but still gets us a NAV of 20p per share. share price will therefore stay in the current range as we are close to the 15percent limit they are setting themselves.
Posted at 10/2/2023 21:58 by lpavlou
Wild ride today but the market is doing LDG job by reducing the gap between NAV and the share price The buy back will now be less than 100m shares. The highest buyback price last time around was 16p. Will be higher this time round, so decided to sit tight and wait.
Posted at 10/2/2023 08:18 by lpavlou
16p was always my target price, but now we are here, I'm tempted to hold on as the buyback may drive the share price to 18p
Posted at 09/2/2023 08:55 by kinbasket
what's the deal with this SQLI stuff ? anyone got any ideas. It looks to me like DBAY just borrowed 18m from LDG to help fund the tender offer they made for SQLI. We effectively got our money back via some kind of make whole agreement and some shares.

Does anyone think they are planing to reverse SQLI into LDG ?

Still not a fan of what's happening here. Seems like DBAY are using LDG as a bank account to play games with.

At some point they need to give a clear plan for what's happening or just wind the company up and return the cash to shareholders.

Logistics Development share price data is direct from the London Stock Exchange
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