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Hi Pat
Yes, it's drifting a bit now ,I think they were set on Caretech investment and don't know if they have a plan B.
Won't drop much due to cash in bank but I would rather be buying at 12p than 13p
No news, no investment, SP has slipped back a bit this morning from selling @ 13.3 to selling @ 13.1.
I think there is going to have to be a significant investment in a business before this shows any significant movement.
But I see there is nothing happening here still, a few trades but nothing exciting or tempting me back in, although it does still appear pretty stable which is no bad thing.
Until the next time.....
YES THX GOOD TO SEE A RISE TODAY!
No probs.
Thanks for posting
https://masterinvestor.co.uk/evil-diaries/evil-diaries-easy-safe-money
I think we will now have months of this share staying close to where it is. (hopefully slight rises). Very Beta resistant.
Its under valued. But another share buyback isnt going to happen. It costs money and didnt work last time.
Its valuable to Dbay as a pot of cash they want to use. But how to use it on an investment is going to be tricky and just a pot they dip into from time to time like Caretech idea.
I think at this point we as investors can he happy that DBay are trying to utilise this cash for the betterment of shareholders and at some point it was wash out to a true market level.
I think if you want excitement this isnt the stock to hold. But if you want still a 5% return by End of year and no reason for a drop. I wouldnt look no further
I am holding and looking at other opportunities in the meantime.
Hi Biscotti.
Yes, pretty much 'nailed on' as you say. Lets face it, anyone who bought into CTH a few months ago at around £6 is unlikely to turn down a 25% profit. I certainly wouldn't but then chance would be a fine thing. And anyone who bought in 3 years ago at £3.25..... wow, if only!!
Today's RNS from LDG confirms they aren't making a formal offer so that's the end of that but at least they'll take a good profit from their investment, just can't see that having much effect on the SP though.
Interesting to watch.....
Agreed. Not a done deal. But Caretech price suggests it must be a close to nailed on thing.
The news releases being reported by the press for the CTH offer are misleading, they are saying CTH has accepted the offer from Amalfi Bidco (Sheikh Holdings) but that is incorrect - the RNS from CTH only says the CTH Committee are recommending the offer, not that it has been accepted.
Not a done deal yet but I can't see why the shareholders would vote against it.
Either way, no big uptick to the LDG SP as a result.
Still watching.....
Ah, so Sheikh Holdings finally made an offer and the CTH Board have recommended it.
LDG hold 1,974,130 CTH shares at an average of £6.639 so if the offer is accepted and LDG get £7.50 a share they would make about £1.7M, around 13% profit
Good work DBay.
Yes. well done Board
Around £1.5 million profit for our coffers
Caretech up 20%. LDG should be up more with this news..... Back to 14p by EOD i reckon.
Still seems positive even if they lose the bid, as DBay own caretech shares. If they still sell at 750p this is a good fundamental return of investment.
https://www.proactiveinvestors.co.uk/companies/news/985871/caretech-board-recommends-offer-from-founders-farouq-and-haroon-sheikh-985871.html
Hi Bergcarls.
Yes, it has remained incredibly stable, especially when compared to many other stocks out there, which is why I'm so bloody annoyed :-)
If only I'd left my money here instead of being greedy and thinking I was clever, put it elsewhere and watched those SP's tank.
Hindsight eh? Don't you just hate it? It must be every investor's most hated thing.
Showing as a sell btw
Hi pat
This is a pretty safe bet with ldg holding mostly cash.
I just dipped my toe back in.
Only 5k at 13.08p
Sit tight and see what happens
I'm definitely not an expert on financials but thought the CTH Interims looked pretty good. Sure they increased their debt but on the back of further acquisitions and their EPS rose slightly which i believe is a good sign, although looks like the markets thought otherwise judging by the drop in SP; today's interest rate hike could be to blame for that though, especially with increased debt.
The offers of 750p from DBay and Sheikh would surely have factored in the likely interims though as these things don't happen overnight. Now just up to CTH to decide what to do.
Watching with interest and nothing left to invest.
Caretech results published this morning. Seems still a solid company although profit margins squeezed. Not sure if it changes bid price.
I hope they don't extend the buy-out period any longer. Im keep to see some realization in plan.
Down to 13p selling today I see, general down-trend market forces at play by the look of it.
And if I was still invested here I'd still be in profit. Damn & blast.
All my own fault I'm sorry to say - novice investing errors; a significant amount (for me, anyway) invested in a relatively small number of companies, and most of those very high risk AIM listings - gas, oil, gold, helium exploration.
Potentially huge returns but not what anyone would call a diverse or stable portfolio. It used to be but I got so bored waiting for anything to happen with the likes of Lloyds, Standard Life and LDG. should have been more patient although 2 of those 3 are now down by a third anyway, only LDG has remained fairly constant.
I'm sure at least 1 will come good and amazing how quickly my situation could change, go up as quick as it went down.
Sorry to hear your not doing great.
I get the feeling we are far from the bottom in the wider market unfortunately. DYOR.
QQQS saved me a few $ this year.
Glad to see this bounce. Lets see what happens at end of June.
Hi Biscotti.
Probably just following everything else on today's economic news.
Still keeping an eye here out of interest though, and in may ways I wish I'd put everything I had into LDG because - remarkably - I'd still be in the black unlike my other investment choices which right now are completely bunkered :-( my total portfolio showing about a 33% paper loss as of just now, quite worrying and a bit depressing.