Lms Capital Share Discussion Threads

[tiltonboy] 07/12/2016 14:37

Big seller in play at the moment!

[eeza] 07/12/2016 10:15

Fill yer boots.

[hugepants] 06/12/2016 20:47

Medhost Inc is the largest portfolio company. Its about 25% from memory. Is there any publically available financial info on this company? I'd probably buy some of these if I could be convinced the NAV is reasonably accurate.

[skyship] 06/12/2016 16:27

Bother - went for a small top-up @ 55.75p....and someone beat me to it by seconds. Actually they bought quite a few more than I was after, they took 50k. I suppose I should be pleased that someone else sees value here. I certainly do.

I had a very helpful response to my request for an IMS ahead of the Finals as they are a long way off - March next year. Graham Bird, MD of GHAM, is minded for such a move and more regular reporting in general. It really was a very constructive response; and highly encouraging for future communication with shareholders.

[eeza] 06/12/2016 15:52

Management no longer interested now they have secured their own futures.

[simonsaid1] 06/12/2016 14:47

Skyship are you still happy to hold this? I'm getting a little tired of seeing a huge red spot in the middle of my portfolio, and beginning to wonder if the opportunity cost of waiting for LMS to recover (and having those funds thus tied up) is starting to outweigh any future gains. Your 2 cents appreciated.

[skyship] 26/11/2016 14:35

....and a more recent one too. The problem here is the long wait until the next official staement, which may be the Finals in Mar'17. That is a long time to wait for the next NAV update; and so far emails have not elicited a response to my request for a qtly IMS.

NAV here quite likely to be North of 95p. At 95p the dicount to a 56p share price = 41%.

Also two further Tenders are promised.

I've bought back the stock tendered in the last time; but so far haven't increased further...

[luckymouse] 26/11/2016 12:26

That's hit an old buyzone

[tiltonboy] 11/11/2016 15:14

Trustees must be fuming that they couldn't Tender!

[eeza] 11/11/2016 14:28

Rayne sold 400k

[simonsaid1] 19/10/2016 13:59

Pretty rough October for this stock. Is this just boredom? About 5% down in the last month.

[skyship] 13/10/2016 10:03

NAV likely North of 95p after the continuing £Sterling fall...

As previously stated, one has to assume that GHE took a very long look at the portfolio before doing the recent deal.

What I don't particularly like is the very long wait before the Fina;s in Mar'17 - a full 5months down the tracks...

Hopefully we may have an IMS at some stage in view of the significant changes.

[eeza] 12/10/2016 18:38

NAV is a work of fiction - director estimate.

Directors are totally & utterly untrustworthy.

[luckymouse] 12/10/2016 17:58

like the rising nav - but don't like that chart shape

[eeza] 16/9/2016 08:15

Schroders reduce 250k - below 5%.

[culver] 13/9/2016 13:43

Barclays seem to take a week to allocate cash entitlements, they finally credited my a/c today: 6.87% basic + 5.75% excess = 12.62% total.

[spectoacc] 13/9/2016 11:04

I've sold out of my remaining holding - just can't get excited enough about the value to stay in, & find the wee tenders a bit draining! Can see an argument for staying invested in LMS, even for buying more, but it's not the compelling investment it was when they were in (in theory) wind-down.

[eeza] 13/9/2016 10:54

Expecting the next tender to arrive swiftly, as I believe sales have already been lined up/ agreed in principle. imo.

[simonsaid1] 13/9/2016 10:45

Given that the current dip is all due to broad economic factors and not LMS in particular, I expect some more big buys from bargain hunters today. Definitely a Value sort of week.

[eeza] 13/9/2016 10:27

Birkett buys 25k @ 59.25p.

[spectoacc] 09/9/2016 15:33

Always found Barclays to be slow - and difficult to get hold of to ask what's going on.

Disappointingly small tender result - but as someone commented above, just goes to show how keen everyone was to tender. Not surprising really, since most bought on the understanding they'd eventually get 100% at NAV.

[cousin jack] 09/9/2016 09:34

Still nothing from Barclays. Looks like Number33 was right.

[le4r] 08/9/2016 19:41

And finally at iWeb... 13.13%

[number33] 07/9/2016 20:39

There's no mystery about rathair's allocation. HL clients received a basic allocation of 6.9% of their holding plus 6.51% of any excess they tendered.
So anyone who tendered 100% received 6.9% of their holding plus 6.51% of the remaining 93.1% which is 6.06% of their holding. So in total they received 6.9% + 6.06% = 12.96 of the amount tendered.

rathair tendered 20,000 of his 40,000 holding. So his basic allocation was 6.9% of 40,000 = 2760. His excess was 20,000 - 2760 = 17,240 and his excess allocation was therefore 6.51% of 17,240 = 1122. So his total allocation was 2760 + 1122 = 3882 which is 19.41% of the amount tendered.

As for Barclays, they are always last.