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An announcement from Logistics Development Group ( (GB:LDG) ) is now available.
Logistics Development Group plc reported a significant turnaround in its financial performance for the 13-month period ending December 2024, achieving a profit of £18.4 million compared to a loss in the previous year. The company made strategic divestments and investments, including the sale of its Trifast plc holding and the acquisition of loan notes in The Power of Talent Midco Limited. Despite challenges in shareholder approval for a proposed share buyback, LDG successfully returned £21 million to shareholders through a tender offer. The company also announced changes to its board and plans to publish quarterly unaudited NAV estimates, reflecting its commitment to transparency and shareholder value.
More about Logistics Development Group
Logistics Development Group plc (LDG) is an AIM-listed investing company with a focus on strategic investments. The company has a diversified portfolio, including holdings in sectors such as marketing and food production, with notable investments in companies like Finsbury Food Group, a leading UK and European speciality bakery business.
Average Trading Volume: 783,898
Technical Sentiment Signal: Buy
Current Market Cap: £59.67M
For a thorough assessment of LDG stock, go to TipRanks’ Stock Analysis page.