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*LDG are loaning £15.9M to TopCo.
DBay loaning? What was I thinking?
Hmm... does that mean TopCo would have to pay LDG interest on the 'loan'? Probably.
OK, now I've read it a few times and done some digging..... I'm still none the wiser really!
The way I read it, DBay are initially loaning £15.9M to Synsion TopCo, the private holding company of the Synsion Group formed by DBay, which TopCo will then invest in SQLI, the pan-euro digi business, that in turn is already 72.3% owned by the Synsion Group and thus DBay.
The initial loan will be converted into an 11.1% equity stake in TopCo then subsequently a 9% stake in SQLI, thereby increasing Synsion Group holding in SQLI to 81.3%.
I'm certainly no expert but the waters seem very muddy here, or is that just me?
Regarding the proposed buyback, not sure about that either; I can't recall exactly what happened last time, but I do know it didn't really achieve its objective of closing the discount to NAV, although it did a bit but then fell back as we all saw. There can't be any guarantee it would work this time either, although I suppose any lift in SP would give holders the opportunity to exit at a fair price, again. Or a few brave souls might make some money during this period.
I don't think I will be one of them as I have nothing to invest right now but will keep watching with interest in any case.
I bought many under current sp and see it as a easy money spinner k ching
If the company is going to buy back shares, the s.p will be determined by how much shareholders are willing to sell them at.
Last time it went up to around 16p
So all the willing sellers sold around that price or less.
Those sellers have now all gone,so the next lot of willing sellers will be upwards of 16p I would imagine.
The actual value per share is probably now around 20p . That's if you divide assets and cash by number of shares in issue.
15m pounds divided by 112m shares equally 13.4p. They won't therefore buy back the 20percent as I expect them to have to go up to 16p again. Don't expect anything this year and assume when they get the go ahead to start next year. Should mean the share price slowly drifts upwards
PatShare, I was thinking along the same lines as you. I don't really understand the implications but all roads seem to lead to DBay. Likewise, I'd be grateful for any input from those that understand this RNS better.
I just read the RNS and struggled to understand quite what they are doing now, but seemed to me the real winners could be DBay?
Anyone else got a better grasp of what their new investment and proposed further buyback means?
What is happening here
Thanks LDG
I might join the FIF buying train. Seems like LDG will continue until they get some sort of controlling share or at least shareholder sway.
Nice to see stability in a wash of volatility
#Dbaywetrust
Hi all, still keeping an eye here, interesting to see some good trades and movement in the SP.
Is it linked to LDG's further investment in the Finsbury Food Group? Or just the fact that LDG are at last beginning to do something with their pot of cash? Also, guessing they have a good profit coming from the CTH deal.
Lucky boys & girls at DBay!
Loads more today
Some big block buys this morning?
Can only be good news, hopefully they go on to buy some more. Do people think they may launch a takeover ?
To own 6.77% of a profitable company with assets of £119m sounds good.
Everyone likes cakes !
got a sell order for 22p
I'm sticking mate
Some big buys today
Got to be safest share on AIM with the cash we hold
Guess over 20p per share at moment
Sold out! Held this for around 2 years and watched a very confusing turnaround turn into what we have today. Maybe a bit naive of me in the first place, nonetheless I’m fed up with the lack of updates provided by LDG. I should have sold when it was 18p. I think there are better investments out there. Good luck to everyone.
Some reasonable size trades today.. is something brewing..
Hi TF, yes, that's probably it, the gift that keeps on giving for the DBay boys. And girls, no sexism here.
Wow, an RNS! Interim results to the end of May 22, reporting a loss of £0.8m.
They report a loss of £0.3m at the result date against Caretech shares but we know they should now be worth the 750p/share as offered by Sheikh Holdings, so that's good news, an extra £0.8m.
And due a further dividend of £0.7m from Marcelos.
Also, it appears they bought 3.7 million shares in Finsbury Food Group this month, well they kept that bloody quiet!
So, overall, not much change, looking like the balance sheet will improve short-term at least, but the SP now back down to 13p.
LDG doesn't make any sense to me, what are DBay doing with it?
Well said, I sold out at 15p too. I'm keeping tabs as I would buy back in, but its a bit dormant at the moment!
I can't blame you, I sold a 15p but come back to check in now and again.
The lack of news has been underwhelming to say the least, and DBAY seem to just see the company as parked cash.
On the plus side it can't really fall much, it's just not very interesting right now.
Decided to ditch my holdings in LDG,I've held for a couple of years,I still thing things will get to be a very interesting here but when.Bought Shield thera,averaged down from my first purchase of 19p,you never know if you've done the right thing,time will tell.
GOOD RERATE TODAY!