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Looking for forward to the new year and what it will bring of Ldg best of luck all and hope you all have a lovely Christmas and new year
Slow and steady will do me!
They haven't approved or begun the 'further buyback' yet, when they do it will be RNS'ed then further RNS updates as the buyback progresses, at least that's what happened last time.
I have nothing spare to invest here at the moment but if another holding comes good (BIG IF!) then I might be able to sell something to have another dabble here. Only time will tell.
Watching with interest though.
Saw a lot of activity yesterday. Everything crossed this has more positive movement during this 2nd share buyback
Started yesterday and looks like same today
You snooze, you lose
Hi Patshare.
Ah I see. I thought they had the shareholder approval.my mistake. I am etill (over) invested so really hoping they get the approval and go ahead and that it has a positive effect on the price.
Hi Leedsman, thanks, nice to know my updates were appreciated.
Nothing to report yet, they still need to obtain shareholder approval before they go ahead with the further buyback, if indeed they decide to.
I'm no longer invested here but keeping an eye as I find this particular stock quite interesting, and seemingly safer than most. Whether I'll do the updates again if they do go ahead will depend on how busy I am at work, we'll see.
I may re-invest if they do as that should hopefully push up the SP and could make a few quid here with any luck.
Cheers, Pat.
Hi Pat
I was looking forward to your share buy back updates like last time. What's happened? ??
Morning Bergcarls
I agree, probably about as safe as it gets, certainly compared to other companies I've gambled my money with :-)
20p sounds about right from memory although we still don't know what came of their CTH investment, still invested or took the 750p that was on offer? If they did it would have boosted the coffers a fair bit.
If you are saying they want to buy shares back - effectively at a discount to current NAV - does that mean DBay/LDG believe there is a much greater future value to this than anyone else thinks?
Hmm.... Interesting.
Morning Pat
Can't say I fully understand all the goings on.
Way I see the situation is we have shares in cash/stock rich company with no debt so very little risk.
Dbay make money and will continue to do so I have no problem holding.
I think the true share value is 20p plus and that's why they want another share buy back.
They know what's in the pipeline and want to buy our shares at a discount.
*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 !