Logistics Development Group (LDG)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

11.25p
   
  • Change Today:
    -0.050p
  • 52 Week High: 15.40
  • 52 Week Low: 11.00
  • Currency: UK Pounds
  • Shares Issued: 525.81m
  • Volume: 307,535
  • Market Cap: £59.15m
  • RiskGrade: 440

Logistics Development Group swings to small first-half loss

By Josh White

Date: Friday 26 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Logistics Development Group reported a first-half underlying loss before tax of £0.8m on Friday, swinging from a profit of £21.5m year-on-year.
The AIM-traded investment company, formerly called Eddie Stobart Logistics, said the "significant decrease" in profitability for the six months ended 31 May was due to a "small loss" on investments at fair value in the current reporting period, compared to a significant comparative period gain on investment at fair value following the sale of Marcelos' investment in GreenWhiteStar Acquisitions (GWSA).

During the equivalent period last year, the company disposed of its investment in GWSA which was held through its 49% stake in Marcelos.

"GWSA is the holding company for the Eddie Stobart, the Pallet Network, iForce, Eddie Stobart Europe and the Logistics People businesses," the board said in its statement.

"In the current reporting period, the Company has been notified that a further dividend of £0.7m is expected to be received in regard to that disposal and this represents the final amount receivable in respect of the disposal."

The board said the company's strategy was to generate value though holding investments for the short-to-medium term.

"Therefore, the directors believe that the fair value method of accounting for the investments is in line with the strategy of the company."

As at 31 May, the company held its investment of 1,974,130 shares in CareTech through Fixtaia, a wholly-owned subsidiary.

"The board has been informed by Dbay Advisors, the company's investment manager, that it is reviewing a number of investment opportunities, and the board and investment manager remain committed to generating attractive investment returns for all LDG shareholders."

At 1003 BST, shares in Logistics Development Group were down 2.24% at 13p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

LDG Market Data

Currency UK Pounds
Share Price 11.25p
Change Today -0.050p
% Change -0.44 %
52 Week High 15.40
52 Week Low 11.00
Volume 307,535
Shares Issued 525.81m
Market Cap £59.15m
RiskGrade 440

LDG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

LDG Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-19 06-Sep-18
Paid 07-Jun-19 19-Oct-18
Amount 4.76p 1.54p

Trades for 28-Mar-2024

Time Volume / Share Price
16:14 19,449 @ 11.25p
15:32 7,000 @ 11.01p
15:31 17,733 @ 11.25p
15:16 50,000 @ 11.01p
15:05 59,932 @ 11.22p

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