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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.75 | 48,657 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 10.50 | 11.00 | 10.75 | 10.75 | 10.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Management Consulting Svcs | -9.54M | -10.12M | -0.0192 | -5.60 | 56.52M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:10:30 | O | 54 | 10.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/7/2024 | 11:02 | UK RNS | Mission Group PLC (The) Holding(s) in Company |
| 11/7/2024 | 09:27 | UK RNS | DBAY Advisors Limited Form 8.3 - Mission Group PLC |
| 12/6/2024 | 17:57 | UK RNS | Alliance Pharma PLC Notification of Major Holdings |
| 31/5/2024 | 11:00 | UK RNS | DBAY Advisors Limited Form 8.3 - Mission Group plc |
| 30/5/2024 | 13:14 | UK RNS | DBAY Advisors Limited Form 8.3 - Mission Group plc |
| 30/5/2024 | 12:00 | UK RNS | Alliance Pharma PLC Notification of Major Holdings |
| 29/5/2024 | 10:16 | UK RNS | DBAY Advisors Limited Form 8.3 - Mission Group PLC |
| 28/5/2024 | 13:09 | UK RNS | Mission Group PLC (The) Holding(s) in Company |
| 28/5/2024 | 10:52 | UK RNS | DBAY Advisors Limited Form 8.3 - Mission Group Plc |
| 28/5/2024 | 10:34 | UK RNS | DBAY Advisors Limited Form 8.3 |
Logistics Development (LDG) Share Charts1 Year Logistics Development Chart |
|
1 Month Logistics Development Chart |
Intraday Logistics Development Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/7/2024 | 10:47 | Legacy Distribution::::: Candy Truckers | 785 |
| 23/5/2024 | 16:44 | Logistics Development Group | 3 |
| 08/5/2024 | 15:51 | LDG | 10 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:10:31 | 10.60 | 54 | 5.72 | O |
| 2024-07-26 15:00:37 | 10.83 | 28,603 | 3,096.27 | O |
| 2024-07-26 12:46:05 | 10.83 | 20,000 | 2,165.00 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Logistics Development Daily Update 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 10.75p.Logistics Development currently has 525,811,412 shares in issue. The market capitalisation of Logistics Development is £56,524,727. Logistics Development has a price to earnings ratio (PE ratio) of -5.60. This morning LDG shares opened at 10.75p |
Posted at 19/6/2024 19:28 by lpavlou At the moment LDG own 71.1m shares of APH at an average price of 54p.Still sitting on a loss of £10m which has halved over the past month. There must be a bid in the offering and LDG will end up owning circa 20 / 25 percent of the entity. Why else would Dbay keep adding. The odds of flushing out another bidder are low in my opinion |
Posted at 19/6/2024 15:12 by boystown So APH up almost 17% - yet LDG unchanged??? |
Posted at 04/6/2024 07:12 by kirmich a dividend at SQLI and highest share price in 6 months, this is worth something. Aside from APH (and i guess they know what they are doing) everything else has value. If they sort out APH (results would be nice), this has room to recover |
Posted at 01/6/2024 10:23 by lpavlou Interesting times. Pleased they have increase their stake in APH but probably waiting for the results to get published before making a move on the company. This might explain why they stopped the buyback to save cash for this purchase and the gradual sale of TMG. There is only 30percent of APH owned by other major shareholders with the balance being retail investors. Time will tell, but it will mean LDG becomes more illiquid if Dbay take out APH |
Posted at 10/5/2024 15:57 by lpavlou APH price is back at 35p having fallen to 25p and LDG is down 10% in the process |
Posted at 08/5/2024 08:24 by tyranosaurus I reckon LDG should liquidate all their investments and return the money to the shareholders.Time to loosen ties with Dbay as they got us into this APH mess. |
Posted at 27/3/2024 18:51 by baddeal Well so far they've proved to be pretty poor investors merely taking fees for loosing shareholder money.I suspect things won't change too quickly given what we've seen. Aph holds the key to share price recovery. Losing c30% of the investment cost shows how poor the insight has been imo. |
Posted at 27/10/2023 10:04 by spob .2023 Bargain Share Portfolio constituent 10/Feb/2023 (peak offer 16.4p) This investment fund's NAV is holding up yet the share price is taking an unwarranted hit October 23, 2023 by Simon Thompson Proforma cash of £44.4mn (8.3p) in price for free Four listed holdings worth £59.1mn (11p) Finsbury Foods in a takeover situation 41 per cent share price discount to NAV Investor risk aversion is so extreme right now that there have been some disproportionate de-ratings of quality companies in the small and micro-cap hunting ground. For instance, the share price of Logistics Development Group (LDG:11.4p), an investment company managed by asset management firm DBay and one of my 2023 Bargain Share Portfolio constituents, has fallen 18 per cent since I reiterated my buy call, at 13.9p, at the recent interim results (‘Exploit this double-discounted small-cap fund’, 7 September 2023). I estimate that LDG has net cash of £44.4mn (8.3p) after factoring in £0.8mn spent on net asset value (NAV) per share accretive share buy-backs since last month’s article as well as the purchase of a further £4.8mn of shares in Finsbury Foods (FIF) (pictured). The speciality bakery manufacturer of cake, bread and morning goods is in the process of being acquired for £143mn by funds managed by Dbay. LDG now holds a 12.5 per cent stake in Finsbury worth £17.8mn (3.3p), or 29 per cent above cost. It’s not as if Dbay is overpaying. The offer is pitched on a price-to-book value of 1.13 times and values Finsbury on an enterprise valuation of £165mn. It equates to 5.2 times cash profit and 8.3 times operating profit reported in the financial year to 1 July 2023, low multiples for a business that has just reported double-digit annual profit growth and is forecast to continue growing. LDG also holds three other listed investments: 10.5 per cent stake valued at £21.2mn (4p) in Alliance Pharma (APH), a distributor of consumer healthcare and pharmaceutical products; 9.5 per cent holding worth £17.2mn (3.2p) in SQLI S.A. (FR:SQI), a leading pan-European digital transformation business; and a 2.8 per cent stake in Trifast (TRI), an international distributor of industrial fasteners, that has an open market value of £2.9mn (0.5p). -------------------- Portfolio companies, Sector and description, Group interest, Consideration paid, Fair value of stake, Fair value per LDG share. Finsbury Foods Food and cake maker 12.4 per cent equity stake £13.8mn £17.8mn 3.3p Alliance Pharma Distributor of healthcare and pharmaceutical products 10.5 per cent equity stake £33.4mn £21.2mn 4.0p Synsion Pan-European digital transformation business 9.5 per cent read through equity stake in SQLI S.A. (FR:SQI) €15mn (£12.8mn) £17.2mn 3.2p Trifast International distributor of industrial fasteners 2.8 per cent equity stake £2.7mn £2.9mn 0.5p Total holdings £62.7mn £59.1mn 11.0p Proforma cash £44.4mn 8.3p Spot NAV estimate £103.5mn 19.3p Source: LDG interim results at 31 May 2023 and subsequent London Stock Exchange RNS filings. Latest share prices for portfolio companies correct on 23 October 2023. -------------------- Strip out the group’s proforma net cash of £44.4mn (8.3p) from its market capitalisation of £61.1mn (11.4p), and the four listed holdings are in the price for £16.7mn, or 71 per cent less than their latest market valuations of £59.1mn (11p). Frankly, that’s absurd given that LDG’s NAV per share has only declined 4 per cent from 20.1p to 19.3p since the start of last month, so the portfolio is hardly taking a beating, unlike LDG’s share price. Moreover, the latest valuation of the four holdings is only slightly below the £62.7mn cost. Or put it another way, the four holdings back up almost all of LDG’s share price of 11.4p, so you are getting nearly all the 8.3p a share cash pile thrown in for free. |
Posted at 23/10/2023 16:42 by value hound Re-tipped by Simon Thompson under the heading "This stock's cash is worth more than the share price."He concludes with... "Or put it another way, the four holdings back up almost all of LDG’s share price of 11.4p, so you are getting nearly all the 8.3p a share cash pile thrown in for free. Buy." |
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. |
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