London & St Lawrence Share Discussion Threads

[gilston] 30/11/2016 17:10

It might be tax efficient if the family can avoid IHT; who knows?

No Resolution is being put forward at the AGM to approve the Takeover Panel waiver. This expires the same day; perhaps the Ashfield Concert Party will now buy out the minority interests. Today`s NAV said to be 380.3p.

[spectoacc] 27/11/2016 20:15

Unlikely to be tax-efficient for them to sell up either.

[topvest] 27/11/2016 19:59

I'd be surprised to be honest, but you may be right. Think they are sensibly invested. Where else would you put the cash? Its either that or they are looking to merge with another trust or flip to an external manager. They have a 106 year record to maintain. Why end things now?

[gilston] 27/11/2016 12:15

The Ashfield family holding over 30% may want to cash out. The Chairman is now 76.
The value of the Consistent Unit Trust business is shown at cost [£2.159m] in the balance sheet. What is its market value today?

[spectoacc] 26/11/2016 11:09

Put this on my watchlist and now can't remember why!

[topvest] 25/11/2016 18:36

The most interesting RNS for years. Maybe the retirement of the manager is the issue here. Let's hope they keep going. 106 years down already. Maybe an external manager is the next step?

[luckymouse] 31/10/2016 16:42

neckline bounce here

[essentialinvestor] 03/10/2016 12:35

Added a few more this AM.

Aviva sell some please, nice day for selling.

[rambutan2] 26/8/2016 15:26

Aviva 10% overhang likely cause of discount slippage.

[puffintickler] 25/4/2016 14:54

Hello topvest

I looked a bit deeper and liked what I saw so added them to my IT portfolio (along with LWDB which has a similar appeal on filter criterea)

[topvest] 25/4/2016 09:39

Yes hold some of these. A stock to hold and not to worry about if there ever was one!

[puffintickler] 23/4/2016 04:29

Any holders out there? This came up on my filters as of interest.

[gilston] 16/11/2011 16:56

Company has bought back 215,000 ords today @ 251p for cancellation.

Anyone going to the AGM on 29th Nov.?

[gilston] 21/10/2011 17:00

Share buy back authority now in place.

[gilston] 02/9/2011 17:00

What is the Consistent unit trust business currently worth?

[topvest] 24/8/2011 21:54

I'm still holding - a safer investment than most in these troubled times. These are a hold for ever type stock!

[praipus] 24/8/2011 17:25

Lurking only.

[gilston] 24/8/2011 17:01

Anyone still holding these? Stodgy, but a reasonable yield.

[topvest] 25/1/2009 16:48

Yes, thanks for the comments. I have read the accounts previously + looked at the two unit trusts. Management of the unit trusts is quite useful as gives the company extra income. I may add more for my pension scheme in due course.

[washbrook] 25/1/2009 14:24

Over the last 30 years I have bought and sold these in my records from 1987 4 times.
I have always had a healthy respect a very conservative Investment trust.
Investments in there own unit trust which is'nt performing to well 32% down last year.
The rest of the portfolio is in Investment Trusts and gilts.
The Investment trusts are a very rounded bunch.
The stock is just a steady plodder but sometimes you can buy it on a big discount to NAV.
They also manage two unit trusts which they get management fees.
I have spoken to the secretary on many occasions and the lady is very courteous.
The directors have been around a long time.
They also pay a decent dividend. the current net yld is 5.295%
Here is the annual report.

[topvest] 25/1/2009 12:29

I thought I would start a thread for this ultra cautious investment trust. Bought some recently. Everything about this investment trust is a little unusual, including having a 98 year old Chairman. It's record is solid though, if dull. Anyone else got any of these?