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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| London Cap | LSE:LCG | London | Ordinary Share | GB00B0RHGY93 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.80 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.75 | 0.85 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.80 | GBX |
London Capital Hldgs (LCG) Share Charts1 Year London Capital Hldgs Chart |
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1 Month London Capital Hldgs Chart |
Intraday London Capital Hldgs Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/2/2023 | 11:16 | New London Capital Group Discussion: Capital Spreads and FuturesBetting | 1,363 |
| 11/10/2015 | 06:27 | LONDON CAPITAL GROUP RIPP OFF | - |
| 27/11/2010 | 16:05 | Spead your bets with London Capital Group | 1 |
| 28/5/2009 | 11:26 | LCG - and they're off........ | 49 |
| 23/5/2008 | 23:38 | London Capital group (tradefair) withholding trading profits, are there problems | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 13/10/2021 07:34 by robfitz Does anyone use LCG and can you log on today? |
Posted at 28/9/2018 12:22 by dusseldorf They didn't even bother to change this bit:London Capital Group Holdings plc (hereafter "LCGH plc" or "LCG" or "London Capital Group" or "the Group") is a financial services company offering online trading services. London Capital Group Limited ("LCG Ltd"), a wholly-owned trading subsidiary of LCGH plc, is authorised and regulated by the Financial Conduct Authority. Its core activity is the provision of spread betting and CFD products on the financial markets to retail and professional clients. LCG Ltd has a European passport. LCGH plc is a member of the NEX Exchange Growth Market. LCG Ltd also has access to international markets through its global clearing relationships. LCGH plc is quoted on the NEX Exchange. LCG is included in the General Financial sector (8770) and Speciality Finance sub sector (8775) and has a RIC code of LCG.L. You read that RNS without any context of previous ones, and you would assume the NEX listed entity still owns the rights to the company and thus it's trading result - amateur hour(!) |
Posted at 28/9/2018 07:50 by aleman LCG just announced EBITDA of £1.5m from -£900k last time. |
Posted at 24/7/2018 16:48 by dusseldorf From 21st March announcement: "The Disposal is conditional on Financial Conduct Authority approval of the change of control of LCGL (as required by section 178 of FSMA). It is anticipated that FCA approval will be granted by 31 July 2018. A further announcement will be made in due course. "Yet to see if this has been approved - I'm assuming it's a rubber stamp and then LCG as a cash shell is official, then 6 months to find something or it will delist from NEX too. |
Posted at 09/3/2018 20:49 by jamesjjj From what i understand the company is being made private and 100% of LCG share capital is being sold to SLCG (also owned by Sabet!). The total consideration mentioned is GBP5,066,883 which equates to 1.33p per share. However what isnt clear is whether as a shareholder you receive 1.33p per share as the consideration is through the issue of loan notes which makes things more complicated. I have tried to get information regarding this but no luck so far. Wondering if anyone understands the rns anymore??? |
Posted at 09/3/2018 10:42 by dusseldorf mitsubishi - From words from the company (Jasper) a while back there were plans to venture into the crypto space - nothing to date has materialised. By hiving off the traditional brokerage /FX business for a fixed annual fee - provided that a reverse opportunity is found - this leaves the 'shell' left to experiment and maintains sufficient capital to fund its NEX listing / basic administration on an annual basis. Remember that Sabet also converted £18m debt into LCG shares - now either he has written this off completely, or he has other intentions.Yes, you could sell for 0.5p/share and call it a day or you can take the risk (a large one admittedly) that this process is part of a wider move to expand Sabets portfolio by venturing into Crypto. From the News release: The Company will continue to seek investment opportunities and acquisitions in innovative financial technology companies with potential disruptive technologies that could lead to changes in the way funds are transferred, as an example, this could include nano-payments and micro-payment technologies, as well as financial services companies. The Company may seek financial services companies that are FCA authorised to carry out regulated business, such as dealing with investments, asset administration and arranging investment deals. Such a deal may require approval from the FCA for a change of control approval. It's clear that Jasper at LCG stated the company was actively looking into Crypto tech, but perhaps mixing the two greys the borders too much. Crypto is still viewed with alot of skepticism and has different and new regulation that must be adhered to. Personally, I'm all about Crypto these days and my hope was that LCG would do both in the same business entity. This no longer appears to be the case, but remember GLIO owns 78% of what's left and it cost £18m. Either it's being written off - or something will materialise from the ashes, and it could well be linked to Crypto/nano ledger payments. That's enough to keep me holding and news dependent, may be enough for me to buy more. |
Posted at 23/1/2018 14:28 by dusseldorf hello - I'm back after a fortuitously timed venture into crypto trading to take advantage of opportunities in crypto, I traded out of my LCG position in late october/november on a short-term basis and wow, what a drop. I've managed to buy back over past few days at average 65% discount to when I sold.For me, not being listed on AIM but still maintaining a listing on NEX is not a problem - AIM provide loopholes for directors to rob people blind and yet tie the hands of those wanting to improve value. All the reasons for wanting to hold LCG still remain (a hedge against Wallstreet/FTSE collapse, growing user base, reducing costs), and I can't see LCG withdrawing from a London based exchange (i.e. going private), indeed they've already changed the wording on the website from 'London Stock Exchange' > 'publicly listed in London'. Questions for me remain 1. jasper lawler tweeted that LCG was working on crypto in 'coming months' about 4 months ago, when do they release, if at all? 2. how about a trading update? As for Mr Sabet, his last funding was at 4.5p effective, and as yet, he's not diluted holders at silly levels so I'm giving him the benefit of the doubt. |
Posted at 29/12/2017 00:15 by kenny London Capital – a lesson in greed & the failure of the AIM listing systemBy Mr Karma | Thursday 28 December 2017 Friday’s news that London Capital (LCG)) was to move from AIM to the tertiary market that is NEX (and aptly described by Tom as the “lobster pot” although I’d call it “Hotel California market” in that you can “check in but you can’t check out”) was not greeted well by the market. In fact, the stock slumped by near half on the news (although it has to be said this was on nominal actual trading volume). At the closing price on Xmas eve (what a day to put out this news eh?) the market was just over £3 million. Set against net cash and ST receivables of just under £8 million at the end Jun stage and being conservative and adjusting this for say another £1 million of losses has the shares trading at less than half the net cash amount. Why you may ask is such a valuation which, by any conventional measure is cheap, are the shares trading at such a woeful level? The answer is pretty simple and is evident by much City commentary on the management and on-line at the site “GlassdoorR We start back in 2014 and the move by then CEO Kevin Ashby to take the proposed convertible loan note offer of £17.5 million rather than pursue the (albeit indicative) offers from Spreadex and ETX Capital and that were worth, we understand, around 30p per share. Yes that is right almost 30 times the current stock price. These loan notes came with the first death sentence for the minorities in that they were contingent upon said Mr Sabet becoming a CF1 Director. In a bit of poetic justice for Mr Ashby, shortly after Sabet installed himself under his gilded desk (at shareholders expense) Mr Ashby walked the plank leaving just pliable NED’s in situ that allowed Sabet to run the company as a private fiefdom. However, once installed it became apparent that Mr Sabet was not upto the task and aside from a highly questionable deal per HERE in which a company wholly owned by Sabet received an upfront fee of £780,000 and quarterly payments of £300,000 that set off further alarm bells for shareholders he proceeded to move offices closer to his home in Knightsbridge at a material cost to shareholders including, we understand, the fitting of a private shower for him (quite why he could not get a shower at this home just minutes away is beyond me!). Not content with this highly compromising set of affairs (where were the NED’s?!) he proceeded to increase his compensation to an incredible £675,000 in the year ended 2016. All the while losses where mounting within the business. Given that the company lost just under £1 million at the EBITDA level in first half 2017 (God knows what his sycophants on the Board will have rubberstamped his take from the pot for this full year...) it is no doubt becoming extremely apparent where the underlying profitability is going... Not in minorities pockets but Sabets! The genius (evil) stroke on his and bedside partner in this fiasco GLIO’s part was the tearing up of the convertible loan note deal put in place in 2014 & that was so controversial at the time in that the original terms had the conversion price at 27p per share. As the shares slumped to sub 5p by mid June 2016 patently Sabet was not going to honour this conversion price and so a scheme was concocted where fresh equity capital would come in at the 5p level to repay the convertible loan under the ruse that the convertible capital was not acceptable Tier 1 reg cap (irony being that if they had converted into equity it would have been!). How convenient! The Net effect was that GLIO and Sabet consolidated their control on the company by holding between them just over 80% of the shares as the subscription offer was largely exclusively to GLIO (how loud are the alarms bells ringing now?!!). Control was complete given that they now hold in excess of the key 75%+ threshold allowing them to pass special resolutions. Icing on the cake? In getting out of the onerous conversion terms by moving the equity conversion “in” price from 27p to 5p, (in effect the repayment from one hand to the other by GLIO to itself but gaining control) this also incurred a 10% commission in stock! I ask again, where were AIM regulation in this and the NED’s? The record seen here is truly an example of how it is “caveat emptor” at this end of the stock market. We would argue there is more protection on the pink sheets in the US or at least investors know what they are getting into there! So, we wind up with the shares having slumped to a level where investors felt that it could not go any lower. However, we had not counted on the depths that Sabet and his Board would sink in their total disregard of minorities - the move to NEX. I have scratched my head just why he would do this as opposed to simply taking the company private. I believe that the much lighter regulatory environment will allow the partners to carry out no doubt another capital raising (probably at a slightly higher price than the current stock price to try and minimise a large minority take up) and thus dilute the minorities further. Only at this point will the company then most likely be taken private and a “squeeze out” invoked once they are over the 90% threshold. Take under complete and with gusto I may say! I have learnt lessons here, namely that when there is a major shareholder with a “reputation Mr Sabet – do the decent thing and pay your long suffering minorities a decent premium to the NAV in taking London Capital private and bring this sorry episode to and end before you do your reputation any more damage (not sure how much lower it can go!). |
Posted at 24/8/2017 13:29 by dusseldorf I read that report - it's a taster of information but very thin. Need some comparisons.Spent 30 mins doing this (source: pro.similarweb.com): May 2017 LCG 440k IG 7.2m (Monthly) LCG 121k IG 1.557m (unique) LCG 5.2% IG 94.7% (traffic split) June 2017 LCG 575K IG 7.3m (Monthly) LCG 174.5k IG 1.456m (unique) LCG 6.1% IG 93.9% (traffic split) July 2017 LCG 464k IG 7.0m (Monthly) LCG 121k IG 1.385m (unique) LCG 6.6% IG 93.4% (traffic split) Different ways to paint it I guess, but I see: LCG increasing it's %'age take of visitors from 5.2% > 6.6% LCG increasing monthly visitors IG decreasing LCG up 5.5% vs. IG down 2.8% LCG swinging more agressively (on visitor numbers) during peak activity 30% up, vs 1.3% up IG ..ok its just a snapshot, but who knows.. |
Posted at 11/8/2017 10:28 by dusseldorf Some food for thought, lets assume LCG can make a profit %'age on a par with peersName: LCG turnover 23m mcap 9m Company..Price...Mca IG.......640p....235 Plus.....820p....943 CMC......145p....419 Revx - How many multiples of LCG revenue Mcapx - How many multiples of LCG market cap LCGrevX - How many times higher is co. valued off revenue vs. LCG Profitx - What is the market cap multiple of profit profit X - what is the profit as %'age of turnover As an aside, the above seems to point out Plus is undervalued. So, for my mid-term personal target of LCG trading at 6.25p (£25m mcap), I think the co needs circa: - Revenue £32.5-37.5m (Not sure on impact of overhead reduction) ...leading to - Profit of circa £5m Does not seem unreasonable given the right conditions. |
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