Logistics Development Group

LDG · AIM · Industrial Goods and Services · mcap £87m · 22.0p 1 open situation →

LDG holds a concentrated portfolio of UK and European investments, run by DBAY Advisors, and returns cash to shareholders as assets are sold. Its newest focus is a UK logistics platform, WS Holdco, which has been growing by acquisition.

Target	Promise	Said	Status
2025
November 2025	Alliance management to present updated Value Creation Plan at November board meeting, expected to show upside to the original case	28 Nov 2025	◐ Partly kept
	“The management team will present an updated Value Creation Plan at the November board meeting, which DBAY expects to show upside to the investment case at the time of acquisition.” How it developed 28 Nov 2025 Said “The management team will present an updated Value Creation Plan at the November board meeting, which DBAY expects to show upside to the investment case at...” 27 Feb 2026 ◐ Partly “Finally, the budget for 2026 was finalised during the quarter and is in line with DBAY's original investment case.” 29 May 2026 ◐ Partly “Alliance's performance continues to be very strong, with sales of its four largest brands all growing double-digit year-on-year.” Status so far Feb 2026 said the 2026 budget is in line with the original case, not above it; Alliance revenue fell to £144m from £180m. “Finally, the budget for 2026 was finalised during the quarter and is in line with DBAY's original investment case.”27 Feb 2026 · Portfolio NAV Update “Alliance's performance continues to be very strong, with sales of its four largest brands all growing double-digit year-on-year.”29 May 2026 · Portfolio NAV Update