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Not a clue sorry
Just popped in for a look.... jeez.....
Despite this being 'absolutely controlled by DBay' I see they are still continuing with the share buyback, day in, day out, which was meant to increase the SP/reduce the discount to NAV, but it hasn't.
Does anyone have any idea what is happening here?
Still watching.... but still unable to invest even if I wanted to as everything else I hold is in the toilet right now!!
Good to see Alliance Pharma shares finishing at 40p.
It’s a company absolutely controlled by the IOM entity-that’s why it’s SP is sliding
Any sells at this price are good news for Shareholders.
Company has complete control over SP. If they want to raise the S P they can just raise the share buyback buy order everyday.
This is not happening yet as the company has a duty to shareholders to buy these shares back as cheaply as possible.
Interesting read here
https://www.investorschronicle.co.uk/ideas/2023/10/23/this-stock-s-cash-is-worth-more-than-the-share-price/
The SP of APH is half what it was just 6 months ago, that's a pretty terrible picture. Is it this decline that's having a knock-on effect to LDG SP maybe?
It seems Kempen Capital Management N.V. have just bought 10.189070% of APH so they must see some potential there.
Still watching....
Someone else has announced that they have taken 10% of APH, but we dont know where the shares came from yet.
Dbay combined hold about 20% from memory.
Whats wrong here? Looking at the bigger picture, this pays no yield. Why would you buy this when you can buy similar trusts and earn near 10% dividend? I hold here, and would like to average down, but that is my exact dilemma. I expect Ill wait for it to bounce before I buy. I would also be happy to cash out at NAV or close, if that suited Dbay.
They might be thinking along those lines and save the fee's of LDG being listed.
... to send this down towards 11p?
Is it the Sp weakness of APH. I understand they own a big stake here? I presume they still do?
Very odd indeed. The non-exec director was 71 years old, so it was probably not unexpected.
.... to send this down towards 11p?
They increased their stake in Finsbury, a non-exec director resigned.... anything else?
Very odd.
At 14p Thompson wrote that LDG was "anomalously priced", it's even more anomalously priced now. Do the management just eventually give up and say that they can't close the NAV/SP gap, or are there other options to let holders out.
Https://www.lse.co.uk/rns/LDG/finsbury-food-group-investment-update-brk5lhsj0584ylq.html
Sounds like we will retain a stake of the privately owned company, for the dividends currently.
Pretty straight forward, if the buy out goes ahead, our 11M shares will get bought for £1.10p each. By my calculations we paid an average of 79p for them. 31p x 11.76M = £3,545,600 gain, about the 23% they mention.
We are not buying FIF, we do not have to worry about what to happens to it afterwards. I think that is ok.
At least that is my assumption, I suppose its possible we remain invested after it is taken private, that could be even better?. What will Dbay do with it? Can they flip it for more? C'mon this is exciting!
LDG, This type of investment is similar to a closed end fund, and really the holding time for a such a fund should be about 3 to 5 years. I expect things will be very different then, look at something like PIN historically (as that does not pay a dividend).
Its a poor time for for AIM, small caps and these funds so perhaps an entirely different investment needs to be considered for those dissatisfied here. I like the concentrated exposure to a few more small caps, and the expertise Dbay can provide.
The way I see it is Dbay make money and Investors get to buy a company with investments at a discount,all backed by huge cash ,and everybody makes money....All underpinned by the company buying in the market with their own cash....What no to like....ST certainly likes ,and he is usually right.....made plenty on his investments...
Thank you Dartron.
If you read my posts you'll see I was invested here but not currently, I just find it all very interesting.
Understand how this investment works? Let me see.... is it that DBay make a load of money and private investors don't see any of it? Probably.
Still watching....
Update from ST of IC?....Could be imminent?
You should probably sell if you don't understand how this investment works.
Dbay? LDG? Bidco? All seems like smoke & mirrors to me!
Might explain why someone picked up 10 million LDG shares the day before though?
Hmm.......
LDG own 9% - number of Finsbury shares held indirectly by the Company was 11,763,979, representing 9.0% of Finsbury's issued share capital, for a consideration of £9.3m.
https://www.lse.co.uk/rns/FIF/recommended-acquisition-of-finsbury-food-group-qkxhw2obvcnu06r.html
23.6 per cent. to the Closing Price of 89.0p on 19 September 2023;
Not sure why no RNS here, may be needs to be approved first.
I spoke too soon....
Who bought 10,000,000 shares or spent £1M? Whichever figure is correct, that is bold, they must know something surely?
It definitely wasn't me though, that is far too rich for me 😉. Maybe there will be an RNS in the morning that might shed some light on it?
Maybe some DBay shenanigans? Hmm....
Interesting.... still watching....
Can anyone remember ever seeing such a large buy?
Currently underwater here but convinced this will come good
.... presumably stands for Long Dull Groan....
I'm still watching out of interest but it's not an easy watch. Probably the slowest BB I've ever seen, seems like there are only 4 or 5 investors here plus me keeping an eye on what is - or rather isn't - happening.
I used to think I was a patient person - until I started investing! Since then I have found I have no patience when it comes to the performance of shares and the Stock Market and has led me to make some terrible decisions, hence my PF is an absolute mess with far too much money tied up in high risk ventures and all underwater. Hey ho, maybe I'll get lucky...
I did make some money on LDG though, one of my few successes.
Patience definitely required here though. A lot of patience.
Still watching...
Still here, id say its getting exciting. I missed the IC article, it didn't make it to the paper version.
I think a big factor here will be an outcome over at APH.I think LDG have 21% now of APH. APH is still in the grips of 2 short sellers, GLG and Blackrock.. I expect they are waiting for the announcement regarding the appeal over the court case. The only thing at stake now is whether APH have successfully appealed the 7.1M fine (I think unlikely) and whether Peter Butterfield gets struck off, over the incident. The latter doesn't really matter to me, APH have already restructured management. I think APH will be the jewel in the crown once all this is put to bed. Maybe DBay can find a buyer for it, or reverse this in to it?
LDG is doing as well as many other closed end funds etc. I think its worth holding.
Lastly, several times I have seen those cancelled trades above 14p, something going on?
Yes its very boring no carot for waiting sulk