Logistics Dev Share Chat (LDG)

Decent results from aph this morning but miles off what's needed to stop us falling back.

Yeah I am trying not to view this as just their salary fund!!

Hi Leedsman

Yes you are correct, it LOOKS a good buy with s.p at 11.8p and nav at 18p but , and it's a big but , it's not, if you can never sell at a higher s.p than 11.8p.

For the sp to rise the investments would all have to rocket . They are mostly down overall so can't see that happening. Yes we have plenty of cash in the bank but this will just be eroded through salaries and running costs.

I'm worried about being locked in here long term at 10p. Can't see how it can go up.

.up

Apologies for the typo's

I don't get it really. The share price has surely got a minimum anyway based on the cash holding, the value of the investments. It's simple maths really that it becomes a good buy.

I don't buy the narrative that the intention was to reduce the difference between the share price and the nav. They basically bought shed loads of shares at a massively disco8nted rate and fancied doing it again.

They inky secured a small percentage of shares compared to their stated intention.. well perhaps if they had bought more aggressively then more would have sold which would habe driven the price up...... which was their stated intention.. but they didn't dud they. They are just buying back as many as cheaply as possible so they are then sat on a very valuable stock holding in a cash rich business.

Hope they don't walk away otherwise imagine what dumping 15% of stock will do to the s.p

Reading through it, the resolutions need 75% acceptance to pass and the Board say they have 27% in commitments to reject, so looks like a done deal.

However, the exercise will have rattled the Board and forced them to have some uncomfortable discussions with key shareholders, plus Mr Griffiths is unlikely to walk away after one skirmish.

I suspect there will be further developments over the next 6 months, but can't see the share price moving much over the short term.

Company advising vote against.

Offering us jam tomorrow .

This will go back to 10p as I now cannot see any reason for it to rise. The investments have not been good overall and even the share buy backs didn't work.

Can anyone see any positives ?

Maybe I can sell ahead of the dividend but they'll need to hurry up if they are to beat the end-October deadline.

Good afternoon fellow investors. A payout would be very welcome. I hope all are now in the money. It's a pain when you're below water as I well know! Some big trades today with one for 250,000 earlier. That puts my, rather more modest holding, in the shade! And the weather is lovely as well. Is anyone interested in other asset rich companies trading at big discounts? ALgent.

Looks like big divi up coming

Could this be the start?

Aph up 15pc monthly chart

APH flying , anyone know why?

Pushing our NAV up

A lot of our assets are still in cash, which is good.

As for the shares in different companies we hold, I don't think the sale of these shares would be at much discount at all.

Shares between companies are now nearly all done off book in so called "dark pools" .

These were created so large share transactions could be done without moving share prices.

Look at the website for the company we use ( Investec) on there its stated they have access to Dark Pools.

More like 17.5p to 18p

There's another update in Investor's Chronicle. Simon Thompson thinks that the pressure will grow for an orderly unwind of investments and a return of capital to investors. Even selling for 70% of NAV would make this share worth 15p.

Related to this, the selling down of investments won't be great news for holders of APH or SQLI.

To be honest this share has confused and fooled me for ages. The buybacks failed miserably on the supposed intention of them. It has sat so far beneath its nav for so long that i am well past trying to think what will happen next with the price.

Just going to keep sitting tight

Are they allowed to sell everything or are they not tied into holding a lot of their assets for some limited time period? Even if they weren't tied in, a sale would be at a heavy discount to current market values given the relatively sizeable stakes. I'm not sure what price would be needed for an MBO but doubt it will be at a huge premium.

Do we know how they lost the waiver vote? That, on it's own is not a great sign - shareholders don't want to buy more stock and they like the idea of concentrating their stock but they don't want the Concert Party to hold too much of the company.

An MBO would be very positive wouldn't it, for those of us looking for a return?

I am keen to get out but holding for 15p plus

Yes please!!

Let's sell everything and all get paid out 18p per share

It probably won't help the share price but the Board had no choice to shelve the buyback due to the failure of the waiver resolution to pass. What happens now is anyone's guess but we may be into MBO territory if the Board take the view that they don't have sufficiently broad a support among shareholders.

The other RNS is interesting in that there is an activist shareholder pressing for cashflow. I'd guess this would only force the company to consider buy-out options.

I see they have shelved the further buyback at the AGM. Not sure what any of this means for the SP or long term future of LDG.

Still watching.

@ ALiverpoolgent - what a lovely post! Been on HE1 most of the day as invested there (wishing I wasn't) and just had to read loads of childish abuse and nonsense!

Afternoon all. Yes, an interesting development. This appears to be Richard Griffiths stirring things up a bit. I'd quite like a return of some capital. However, I was also looking forward to seeing what LDG would do going forward. I rather thought DBAY would enrich themselves and me a bit. Is this a case of biter bit. I was mulling over buying a few more recently but decided not to. Another mistake. Not a share to sell. Time for afternoon tea I see. ALgent.