Member Info for Leedsman

Still not heard anything from Halifax

Cheers Zoolook. With less shares in the public domain the price should sit closer to the NAV.

Have put 100% up and will more than likely buy back too post tender

Surely if they are buying a whole load of shares back at a figure that is still below the NAV, then in theory thise shares remaining on the open market become more valuable...

Does anyone know if the court hearing took place by any chance?

Yeah I am trying not to view this as just their salary fund!!

Apologies for the typo's

I don't get it really. The share price has surely got a minimum anyway based on the cash holding, the value of the investments. It's simple maths really that it becomes a good buy.

I don't buy the narrative that the intention was to reduce the difference between the share price and the nav. They basically bought shed loads of shares at a massively disco8nted rate and fancied doing it again.

They inky secured a small percentage of shares compared to their stated intention.. well perhaps if they had bought more aggressively then more would have sold which would habe driven the price up...... which was their stated intention.. but they didn't dud they. They are just buying back as many as cheaply as possible so they are then sat on a very valuable stock holding in a cash rich business.

Could this be the start?

To be honest this share has confused and fooled me for ages. The buybacks failed miserably on the supposed intention of them. It has sat so far beneath its nav for so long that i am well past trying to think what will happen next with the price.

Just going to keep sitting tight

An MBO would be very positive wouldn't it, for those of us looking for a return?

I am keen to get out but holding for 15p plus

Yes please!!

Well that's quite an interesting RNS. Interested to know what others (with far more knowledge than me) think the impact will be on the share price???

I imagine they are hoping it doesn't... they are buying shares back a a massive discount to their paper value.

They are laughing all the way to the proverbial bank.

So.... Where does it go from here? I am far from an expert on this but have a very basic understanding and the performance of this share has baffled me more than any other.

Long wait I reckon.

They can still get to whatever figure they want to by being more aggressive. Low hanging fruit gone so may have to be offering more now hence pushing the price up. They need to get to 16/17p for mine and am hopefuly they will.

Nope. Still here and still waiting...

Nope!!! It certainly isnt. I haven't looked but i wonder how their investments are doing since they invested. That would have an effect too if they are performing badly.

I had hoped the SP would be eeking above 16p by now and holding firm.

5% bought for 5.5% of total planned cost yet been buying at approx 15p. Does that stack up. Surely they will go over budget if the share price goes up and they have to pay more per Share??

Hi Patshare

Buyback volume. Last few days there has been an increase. Steady away still given their overall target.