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Lms Capital Share Discussion Threads
Showing 1201 to 1222 of 1225 messages
|The chairman could die I suppose, choked on his own greed.|
|Lol @CWA1 - indeed, don't think I've ever made money on them, and can't say I've any desire to buy back in again atm. Hard to see where any good news is going to come from, though they may yet surprise us.|
|Hi SpectoAcc, the only thing I wish I hadn't bought some of was LMS :-(|
|What a difference a weekend makes - SpectoAcc 1, Nick Train 1. And knowing him, my guess is he bought more at elevated prices on Friday.|
|Re post above & ULVR - Nick Train 1, SpectoAcc 0.|
|Overheads, net of other income = £1.635M
That's for the 6 months to June 2016. That's nearly 5% of the NAV annually! They are looking to reduce overheads but to what level? Even £1M per annum seems a lot.|
|@Skyship you've reminded me of something I read at the weekend from Nick Train, of FGT (& others). I'm not a fan of gurus - on the contrary - but I quite liked this quote, which reminded me of LMS:
"...You should never forget that another way of characterising "value" and "quality" is to use the simpler definitions: bad companies and good companies".
We'd both disagree with that - what matters more is the price you pay. More than one way to make an omelette tho.
So it's an interesting point, followed up with:
"..You make the best stock market returns by holding good companies for the long run, not trading. And you don't want to end up holding a parcel of bad companies when the music stops."
That final point is perhaps the most relevant.
Needless to say, he's topping up the likes of DGE & ULVR. I'll stick with buying things I think are mispriced.|
|Now at 44p-45p. I had originally marked 45p as a possible price to buy back into a few, as the NAV discount now at 35%. However still looks so friendless, perhaps will wait for nearer the 40p level shown in LM's post above.|
|The 80% white candles and falling share price on the daily means there's manipulation here - you could also apply a ruler to the TSI on the monthly - again an unnatural systematic press - so I smell a rat - I would wait for it to turn personally. 40 is the old buyzone.
Monthly LT view|
|Makes you wonder though if Gresham House are behaving like many ceo's.
Throw the kitchen sink at the numbers,play cya,then emerge as hero later. Whatever , I suspect latest valuation is ultra cautious|
|The discount was also good before the last RNS which lopped 20p off the NAV despite currency tailwinds and some sales above NAV. Discounts to NAV are only attractive if you can independently value the assets or trust the management imo.|
|Time to buy then, and the discount to NAV is very good.|
|Sp softening as Simon Thompson calls time on LMS in his IC Online column today.|
|Not been a shining success this share, am now left wondering what to do with my remaining shares. Realistically I don't think much will be happening with the price for a while. :0(|
|Mind you, with all the work the board have done you can see why the chairman needs a full time PA paid for by the company.|
|Don't do it!|
|Against my better judgment, I have added a small amount this morning.|
|So far it's Markets 1, Fool 0.|
|Agreed to the extent that I certainly didn't trust it before. Also don't think this is necessarily kitchen-sinked. But trust it more for being lower, if that makes sense. Paid about a 28.5% discount to today's stated NAV, though could be argued more fair value than cheap.
Isn't a LTBH anyway.
Either that, or "A fool and his money" ;)|
Problem is NAV keeps tracking the price down!
I didn't trust the NAV previously, and I only marginally trust it more now!
There needs to be a comprehensive announcement from the company as to the decline.|
|Lol I'm going the other way - just bought a few. 30% discount seems worth a punt to me. Won't be in long tho, win or lose.|
|Well - certainly looks as though the new managers are "kitchen sinking" valuations!
Still, I've finally decided to get out; and with prices over 50p actually better than I feared when I read that RNS.|