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Started: Bergcarls, 28 Feb 2022 07:00
Last post: PatShare, 28 Feb 2022 08:54
Let's hope so.
Who'd have thought that DBay/LDG doing nothing with the cash would work in our favour? Good job they didn't invest it in something that might now be worth a lot less that they put in.
Can see 20% rise from here at least
Not going to get rich, but pretty safe investment as we hold the £130, 000,000 + in cash.
GLA
Started: PatShare, 25 Feb 2022 09:29
Last post: PatShare, 25 Feb 2022 18:27
My holding owes me just under 11p a share so certainly good news. If the buyback does what they and we hope it will we should see the SP get somewhere near it's true value circa 19p with any luck so worth holding a while yet.
TBH I'll likely get out with a good profit if it gets anywhere near that rather than wait for DBay to find something to invest the cash in but will wait and see.
A glimmer of hope in an otherwise crappy day!
I GOT SOME AT 10P THIS IS AWESOME !!!
Thanks Bergcarls, I had to look that up, new one on me - playing the Stock Market really is like peeling a bloody great onion!
Re. the SP, sure you'll tell me if I have this wrong, if PI's stop dumping their shares at 14p and dry up the supply, then the buyback will create a demand with no shares with which to fill that demand, so should push the SP higher?
Open market
Started this morning
Im looking for some information the buy back scheme will it just be done on the open market or will each investor get a individual offer if they want to sell their shares at a certain price
Thankyou on advance
Last post: Bergcarls, 23 Feb 2022 17:49
Nobody said you did say it was going down.
Read the posts
makes me laugh...when did i say its going down??
Maj
Now might be a good idea for you to close your short position
Maj
Just read your post history
Obvious what your game is
If you are short on this , you dont understand what is happening
will do fuk all to SP....still will be stuck for many many many months!!!
Started: PatShare, 22 Feb 2022 13:55
Last post: PatShare, 22 Feb 2022 13:55
Some seemingly good trades going through this afternoon, good to see the SP holding its own in the face of everything that's going on.
Pretty much my only holding that isn't showing a paper loss today, like money in the bank - I guess because LDG is literally that until they invest in an actual business or whatever?
Started: bubbleblower, 21 Feb 2022 16:04
Last post: jock47, 21 Feb 2022 21:13
It probably means a wealthy individual investor is building a position in the shares of LDG. This usually has a bullish positive impact on the price.
RNS says that Spreadex have increased their %age of Voting Rights through financial instruments (?), not related to shares.
Can anyone tell me what that means exactly, and why this would have sparked more trading?
Something cooking here ………40 trades, some of them chunky, and a stakebuilder RNS.
Rns out, it is still alive?
Started: PatShare, 18 Feb 2022 19:04
Last post: PatShare, 18 Feb 2022 19:04
Well, here we are again, looks like we should settle in for a long period of watching and waiting for DBay/LDG to do something pro-active.
On the plus side, with no assets/market/customers etc. to worry about the SP here has remained virtually unaffected by all the shenanigans going on elsewhere e.g. Ukraine, Covid and the like.
So at least that must be a good thing, mustn't it?
Hold tight, hope for some news sooner rather than later.
Started: Bergcarls, 8 Feb 2022 19:32
Last post: notorious_uk, 11 Feb 2022 22:37
Strong buy!
Buy or a sell?
5,000,000 trade this afternoon
Things warming up nicely
Started: Maj101, 2 Feb 2022 14:44
Last post: Bergcarls, 2 Feb 2022 16:37
Just a 140 000 000 share buy back . Which RNS have you read?
RNS is out...not much in it...guess we are stuck under 14p for months now..unless someone can enlighten me !!!!
Started: bubbleblower, 31 Jan 2022 15:58
Last post: Biscotti, 1 Feb 2022 16:24
Very good point Zoolook.
Looking at other deals Dbay are working on it really could be anything.
eg) Sqli - IT service management company
Biscotti - they are able to invest in unlisted companies too - I suspect that’s a better pool to be fishing in currently
another RNS which is hard to really understand what they are aiming for....wil be stuck under 14p for a while it seems!!!
I suspect we might wait a while now until investment. Stocks are not cheap atm if they want to invest a good value proposition, they might be best waiting until the market falls and have the cash ready to deploy.
However who knows, Dbay might already have an investment in mind.
They also say "the Company will continue to aim to provide its shareholders with attractive total returns achieved through capital appreciation and, when prudent, shareholder distributions and dividends in line with its dividend policy".
I'm guessing that's a good thing? Sounds good to me.
Started: Bergcarls, 27 Jan 2022 12:20
Last post: Bergcarls, 30 Jan 2022 10:36
Fiat
If they were going to invest in something " half decent " as you put it, then why not just do it. The cash is there ready and waiting.
Why go through the share buy back at all? Whats the point.
I think these shares will be bought back at a big discount and that is the reason for the buyback.
Actually upon reading what you said, you're suggesting they put in a limit order at 15.8p. I doubt you'd get people to sell 20% of all outstanding shares at that price, especially considering the future potential of the company if it invests in something half decent.
Purchasing 20% of the outstanding shares will create a price increase higher than 20%, if they did that in one day then the price may spike to £2, a few people would make a mint and then it'd crash back to nothing.
buy on low got some at 10ish
That was my initial thoughts also but changing my view now.
If company offered us a 20% (15.8p) profit on todays share price the would easily get the required amount of shares straight away IMO.
So why not do that ? The only reason i reckon is they think they can get them cheaper by doing it over 17 months.
Supply and demand . There is loads of supply but as they do not have to purchace if they dont want so demand is anyones guess.
Obviously if you are holding to stay invested this is irrelevent.
Started: Maj101, 20 Jan 2022 12:12
Last post: PatShare, 24 Jan 2022 14:42
Good point zoolook, I'd forgotten about the wording of the RNS, oops!
Should've refreshed my memory/done my homework before making the 'property' suggestion, sorry.
Looks like the overall market slide is dragging LDG with it today, maybe an opportunity to top-up might be approaching?
They’ve made good money in logistics here and previously with TDG. Doubt they would invest in property.
The RNS says:
The key features of the proposed Revised Investing Policy include:
-- Characteristics : investment primarily in undervalued companies, with a focus on companies that generate or have the potential to generate significant cash flows, where there is a high degree of revenue visibility and have a strong and distinctive market position;
-- Investment type : investment in equity and equity related products, in both quoted and unquoted companies, and in the DBAY Investment Funds;
-- Sectors : a broader range of sectors, including logistics, distribution, technology services, security and manufacturing;
-- Geography : no geographical restriction but expected to primarily be within the United Kingdom or the European Union;
-- Ownership : to range from a minority position to 100 per cent. non-operating ownership;
I agree zoolook, the haulage business no longer of interest to LDG despite having 'logistics' in the name. From what I recall, way before Stobart became LDG, everyone was saying what a low margin and competitive business haulage was, so unlikely that LDG would invest in it directly IMO.
Maybe investment into Distribution Centres i.e. property, a better prospect? just a thought.....
They mean it is irrelevant because LDG doesn’t own any logistics businesses now and going forward it will (subject to a vote a special meeting) be looking at broader range of sectors for acquisitions (ie not just logistics)
i am talking about wincanton rns which came out today
Started: bubbleblower, 14 Jan 2022 07:11
Last post: PatShare, 17 Jan 2022 11:34
I made a reference to Stobart as that whole operation seemed to be a shambles, but no longer relevant to the current LDG 'business' - if you can call a pot of cash a business - because, as I recall, DBay made a significant investment and I would suggest not without some big risks, to save it and turn it around thus saving the majority of the worker's jobs, before selling it off at a premium to enable the formation of LDG and what we have today - a big pot of cash equating to approx. 19p per share that at some point will be re-invested or whatever and we will all be happy investors, fingers crossed.
If anybody did a disservice to the Stobart employees I would think it was the various Stobart Group Director's or BOD's that made such a mess of it in the first place.
Best forgotten now, let's move forward with LDG and trust DBay to steer it in the right direction for us.
After all, what else can we do?
And so the stobart trucks will echo the sound of silence once twice profit profit no kindness to the workers who make the business $$$
Stobart trucks and livery are being replaced by the Culina livery - slowly the Stobart name will disappear
People Call US SAD SO Just SAY That WE DON`T Give A ****
When There Spotting AN Eddie Stobart Truck
Transan
Have you got any examples of DBay screwing over shareholders?.
I was a Harvey Nash shareholder and miffed when they took it over for a bargain price but there wasn’t any practice associated with how they did it
In response to Lazz
The net effect will be to increase the cash per share if they buy below 19p which should in a logical market (LOL) increase the share price
Hi Lazz
If the company buys back shares below NAV (18.7p) then it will accretive to Nav per share. The cash pile will decrease but the number of shares will decrease too/more. So a buyback can serve multiple goals (increase price through the statement that it makes, increase price through adding buying pressure, increase price through a higher NAV per share). Right now we only have the first factor to support SP.
Maybe I’m misunderstood but if the company buys back 20% of the shares to write them off, they’ll be using a significant amount of their cash to do so. This would lower the market cap anyway - If the share price goes up now, they’d be spending £30/40m+ to buy the shares; this would actually lower price per share after the buyback is complete. why don’t they just focus on an investment? I bet there’ll be no positive news now until after the buyback is done, otherwise Ldg would be buying back at a premium. I hope I am wrong and I will be corrected ??
Started: micksnags1, 14 Jan 2022 11:27
Last post: micksnags1, 14 Jan 2022 11:27
odd reaction to the news today.
Started: Maj101, 7 Jan 2022 16:49
Last post: MrCheshire, 7 Jan 2022 17:03
Yes, surely the back slapping has stopped now and they're actually going to do something. I'm very positive this will come good soon enough
its been a full year since this dog of a share has been hovering between 9-15p?? SO FRUSTRATING!!!
Started: PatShare, 6 Jan 2022 16:22
Last post: PatShare, 6 Jan 2022 16:22
.... But still no news!
I just wish DBay/LDG would give some indication of what they intend to do with the millions they have sat in the bank. I may only be a small investor here and probably a bit impatient but so frustrating seeing the SP bobble around 13p when we all know it could be worth so much more.
Watching and waiting. Still.
Started: BlasterC, 8 Nov 2021 10:12
Last post: zoolook, 31 Dec 2021 14:51
Good to see an active thread on this. I’ve got a very large position here relative to my overall portfolio so interested to read alternative views.
On the face of it the substantial discount to cash makes this looks a no brainier investment. I’d guess the fact that it looks too good to be true is one reason investors are put off or at least start looking a gift horse in the mouth. Maybe the other is the woeful track record of Stobart even if that is history now. However, I’m guessing the major reason is the relationship with DBAY as both investment adviser/manager and largest shareholder looks odd at first sight and worries that there are conflicts of interest or worse a future stitch up. Finally there is uncertainty about what will be the outer for the share to be priced at fair value.
It would make sense for the Board to start buying back the shares at current prices as this will further increase the NAV and should close the current discount but given that they haven’t so far suggests they want to hang on to all the cash for prospective investment though with new execs on the Board maybe this will come up on the agenda.
DBay as investment manager has a typical private equity 2 and 20 arrangement for AUM and disposal so nothing to get alarmed about there and they don’t get that 2% fee on the cash.
Given the track record of DBAY (and it’s founder Laxey) for making value based acquisitions at discounted prices I’m assuming that whatever they buy will stand up well on value metrics. This means there will effectively be a double discount on the acquired company for shareholders who have bought in at the current price because of the significant discount to cash.
In short I can’t picture a situation for investors where this doesn’t play out positively for patient investors who buy in at the current level but welcome alternative views.
Buying more on dips got loads under 10...
Thanks TF, good to hear your thoughts.
Am I right in thinking that either scenario should be a good outcome for investors? I keep reading how DBay have a good record at this sort of thing, so if that is the case why isn't everyone piling their £'s into LDG at the seemingly bargain price of 13p or so? After all they have no assets, so nothing that can depreciate (or rise), and the Company value is all in the cash it holds, so presumably very low risk from an investment point of view? Exactly what Bergcarls said a few posts ago.
Look forward to whatever happens next, will be interesting to see what they decide to do, and hopefully we will all be very happy investors.
Thank you all, looks like we are all thinking and saying the same thing. Looks like todays market falls have dragged the SP on this down too so I will watch with interest and may top up if I think it has dipped enough - I don't have much to spare but happy to add a little.
Re. Truthfactory - I wasn't wanting him to say anything in particular or looking for any sort of approval or affirmation, just thought it would be interesting to hear what he had to say. I don't believe he is even invested here anymore so that was probably why he stopped posting?
Agreed. Win win.
Even though this stock shouldn't have any beta. I think it might fall if markets fall. But it really shouldn't as just 100% cash.
Just means it becomes extremely cheap and then even Truth Factory might turn up again.
Patience.
Started: Bergcarls, 30 Dec 2021 10:30
Last post: Bergcarls, 30 Dec 2021 10:30
Hope so
News due?
Started: Fourprinces, 9 Nov 2021 08:24
Last post: fiat, 9 Nov 2021 09:35
About time, if the cash value is over 19p imagine the share price if they use that to make a half decent investment.
Can sell at ask
I'm not sure how it works but presumably they could get away with a lower figure, say 14p/15p/16p, and give themselves an even bigger payday?
I see some big volumes bought this morning around the 12.42/12.45p mark, interesting.
I will hold and wait for now, see what happens, just wish LDG would give us a clue. Any clue.
I think you are correct. Buyback at 17p/18p
I'm a bit new to this investing lark but seems odd to me that LDG/DBay are sat on £130M and doing nothing with it, and all the time the SP is slipping back. It's almost as if they are waiting for everyone to lose interest and the SP to dwindle away then - as previously suggested - they kindly offer to buy back all the shares at a vast discount to them and pocket the difference, thanks very much! The shareholders, well most of them, would be happy to get a small profit or at least most of their money back, but not as happy as LDG/DBay who could pocket 10's of millions.
Alarming how quickly I have become so cynical, maybe I've been reading too many posts on here?!!
this is a ****e share!!!! regret going in heavy @ 15p back in feb!!!!
Bit of news wouldn’t hurt so dry
Started: Shrimperone, 15 Oct 2021 11:10
Last post: fiat, 15 Oct 2021 14:49
Barclays protecting you from making bad decisions?
Why is this share "buy" only in my Barclays SB portfolio?
My broker won't give price to buy a single share.
They buy close to 13p. Why?
A good result. I think a god result would be something else altogether! Apologies for typo.
Is the suggestion of a buyout merely that or is it based on some hard facts? If true would be a god result for anyone that bought in at 10-12p or buys in now, but if pure speculation - as it sounds - will likely come to nothing.
Surely DBay reinvesting the cash into something else would be better long term?
Does anybody know anything for sure? I certainly don't.
I believe you will get same price as others. So buyout at 18p is for all holders, regardless of when you baught it.
I recently sold 80k as just didn't like to see it go down, but Now hearing about the buy out. If I was to re buy now 80k would I get the buy out if it was to happen?
Started: Bergcarls, 14 Oct 2021 09:54
Last post: Bergcarls, 14 Oct 2021 09:54
Buy your £18 tickets for £12
Last post: Truthfactory, 11 Oct 2021 20:34
Interesting post on buy-out.
17p makes some sense.
Price of stock is roughly 12.5p so Dbay would assume most people would accept the buy-out compared to current stock market value.
However per their own report its currently worth 18.5p, so if people do accept 17p, then it gives Dbay the last bit of profit out of LDG before they can turn to other investments.
I see they are also busy with other tender offers in the news today too....so might want some of this cash.
Lets see what happens in coming weeks.
The buy out or share price ?
Bull**** !!
Doubt a buy out or the 17p price?
They have plenty in the bank so surely we are going to see something soon.
The cash value of the company alone values it at 18.5p+ and the listing itself has value so I doubt it
Started: GeorgeK, 5 Oct 2021 17:56
Last post: Truthfactory, 7 Oct 2021 20:57
If 10p is looking cheap what would a good price be ?
18p ?
LDG’s assets alone value the share price at 20p per share. This company will excel over the next coming months. Great time to purchase in my opinion