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Hi Bergcarls "There was a guy on this bb that was going to report progress but he's not posted for a while"
Some people eh? So unreliable! At least when I covered the previous buyback I stuck with it and updated on an almost daily basis; I would have covered this one too but as not currently invested didn't feel the need.
Still watching though 😉
You say that they will have to... But look at MBH, they are doing a very similar thing, and hardly buying any. Then when the date runs out, they just extend it. I dont see why LDG will push the price up in this market. I also speculate that the NAV has decreased a little on the investments. So all in all, no better than anywhere else. I cant see the SP higher in 2023.
I did the maths a couple of weeks back.
They'd bought back about 7% of the shares and used up approx 15/20% of the time They will have to start buying more soon , which will push up the s.p
Also people willing to sell at these low levels will dry up.
There was a guy on this bb that was going to report progress but he's not posted for a while
Anyone else still invested here ?
Not expecting much, if any sp movement for quite some time, but i still have a small holding here.
Esken in a spot of bother and they hold a lot of LDG stock-might be holding this share down
Not if they have any sense, low margins and massive overheads as I understand it, and too many headaches.
I think DBay/LDG had their 'success' in distribution when they flipped Stobart and turned it into a pot of cash (somehow, still not quite sure how?) and should probably leave distribution and haulage alone.
Clearly their investment strategy is on a different road now :-)
Any chance of LDG putting a proposal in ?
I might stop watching, it's a bit like watching paint dry.
Knowing my luck though I'd miss something and wish I'd been in.......
Still watching.... a bit.... from the sidelines ;-)
Patshare ldg sp
Moving along nothing to see lol
I expect DBay will offload a big chunk of their shares at the right price when the time comes, like before.
Still watching.
5% bought for 5.5% of total planned cost yet been buying at approx 15p. Does that stack up. Surely they will go over budget if the share price goes up and they have to pay more per Share??
Buyback - up to 112m shares - max spend £15m - to finish by May 2024 AGM. Buyback has been running for about 12% of the max time allocated. Approx. 5% of the 112m have been bought back for approx 5.5% of max spend. Daily volumes have more than doubled recently so maybe they will have moved up to near those 112m/£15m maximums by next May.
Apparently aiming to move sp to above 17.3p :
https://www.londonstockexchange.com/news-article/LDG/commencement-of-share-buyback-programme/15905039
Hi Patshare
Buyback volume. Last few days there has been an increase. Steady away still given their overall target.
Hi Leedsman,
Do you mean the overall volume or the buyback volume? Sorry, not been following progress of the 2nd buyback so not sure how that's going, or what difference it might be making (to the SP).
Not invested here at the moment but still watching.
Volumes being bought has increased the last few days which has seen an increase in share price. Hope that trend continues
I was right...
3rd may, DBAY Advisors Limited as discretionary investment manager of Fixtaia Limited, Logistics Development Group Plc and DouglasBay Capital IV Fund LP takes APH position up to 16.15%
Not sure why it wasnt RNS here, but it was over at APH on the 3rd May.
About as interesting i.e. not very ;-)
Still watching here but can't believe there's been no significant movement in SP; LDG/DBay seem to be investing wisely, the buyback is ongoing and yet..... nothing.
It's an odd one for sure.
Those big trades were a short position taken by GLG partners in APH. Interesting to see how that plays out, if LDG are possibly still buyers.
Several million traded in large transactions over at APH, think we might see an increase in holdings soon?
Circa 15 - 17M. Could be another 1.5%. It goes exD on 23rd June for 1.7p.
TR1 tonight, could get lost in the weeds of the buy back RNS. Says Mangusta Limited up from 5.98 to 6.02. I suspect this is just due to the voting rights increasing due to the buy back.
So as promised
So far to date
Total shares brought : 1,547,556
Total spent : £233696.5585
%r money spent : 1.557977057
% shares bought : 1.377405829
4th April RNS ... targeting a share price discount to net asset value ("NAV") per share of no more than 15% in normal market conditions.
The Company's net asset value per Share (the "Net Asset Value per Share") is currently 20.4 pence per Share.
So aiming to move sp above 17.3p.
Yeah that looks helpful Undercover. I dont understand why people are so keen to be out of this share. They have performed very well to date. I would also say that yes, the company has an incentive to purchase the shares slowly so as not to push the price up, but on the other hand they own significant investments in APH and FIF and are building a stake in TRI. If one of these investments has a catalyst it could then re-rate the shares here. Therefore LDG may lose out if they go too slowly. Perhaps they will step up a gear in a week or two?
Ps I’m super dyslexic so forgive me for spelling and grammar it’s a shame this board doesn’t allow us to edit
This isn’t going to be a quick buy shares and get the price up, reducing the shares in issue is going to be invaluable in the future and in 10 years times if the company get to where they want we could see some dividends and will be extremely thankful for the reduction as it means we get paid more. I’ve been keeping track of the buy back and will post the figures on a Friday if people feel it useful
I brought in when this was Eddie stobart and truthfactory was spouting his rubbish about how we were all going to loose our money .. I’m happy to say I didn’t and the profit here is looking healthy
I personally feel this is one to just forget about for a while, check in every now and then but don’t expect it to moon overnight
Details of buyback so far
Total shares brought 823,261
Total spent 124907.837
%r money spent * 0.8327189133
% shares brought* 0.7327453743
(% shares brought* and %money spent refer to the figures the company were willing to spend and maximum number of share permitted to buy back max shares: 112,352,944 max spend:15000000)