Logistics Dev Share Price (LDG)

you are right pat. im on a paper loss for sure. it sounded great in the investors chronicle just before the buy backs! i dont know if you read the other board, but mentioned over there, i think the current issue is that esken (former stobart) went in to administration, they own a chunk of these shares. so ldg has cancelled the buy back, hoping that the administrators are forced to sell the shares back to ldg really cheap. this would be good for the nav discount here, and im sure simon thompson could tell us again how the discount is going to narrow, whether it then would or not i dont know. i guess there is nothing stopping esken just using a broker and doing a book build to sell the shares? either way, these shares could be very cheap soon, i think that explains the selling. then of co****, largest holding alliance pharma, complete s**t show. my only comment there is that blackrock had 1% short, it looked like they really hurried to cover it, driving the price up about 30% in a few days. did they have competition for the shares from dbay? or why are dbay not buying? doesnt say much about the aph holding.

i took 10000 on friday just to lower my average a little, in the hope that one of the events mentioned above does give me an exit. because if you compare this with a small cap investment trust, that pays a dividend and is better regulated, and is rising share price (most are), then this is a terrible investment. what ever st says.

in february he said this:

estimated net cash backs up 67 per cent of share price

holdings worth £59mn in the price for £21mn

37 per cent share price discount to spot nav

.... but it isn't pretty.

I seem to recall a long time ago (in a galaxy far far away?) that DBay were going to turn this into the proverbial golden goose?

It may have made DBay plenty of money but nothing yet for most shareholders; I got out with a reasonable profit 2 years ago but guessing plenty didn't, still waiting for the share buybacks to give them 'fair value to exit' but now nursing big paper losses?

Note to LDG - the buyback isn't working, not achieving it's intended outcome of raising the SP. Why continue with it?

It's a strange one for sure.

Here we come!!

I think a huge rise in s.p coming. Starting today .

Just as a very rough calculation, we had (from memory) around £130m in cash. Ldg has bought shares in various companies , but still retained a large cash holding. All the investments are fine apart from the APH investment. This has fallen and its this decline solely responsible for the £12m loss this year.

So my very rough calc is £130m minus £12m loss = £118m. Divided by shares in issue 525m and you get around 22p per share.

Interesting.... they said in 2023 they could buyback up to 20% of the shares in issue but so far, after 12 months, have only bought back about 6.6%....

Still watching....