Lms Capital Dividends - LMS

Lms Capital Dividends - LMS

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Lms Capital Plc LMS London Ordinary Share GB00B12MHD28 ORD 10P
  Price Change Price Change % Stock Price Last Trade
-0.10 -0.33% 30.20 16:35:29
Open Price Low Price High Price Close Price Previous Close
30.20 30.30
more quote information »
Industry Sector

Lms Capital LMS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

skyship: Rayne's previous forays into the sector were pretty disastrous - so IMO not a good start to the dispersal of LMS cash.
cwa1: Interesting , and unexpected by me, acquisition of interests in the oil and gas industry! https://www.investegate.co.uk/lms-capital-plc--lms-/rns/portfolio-update/202008120700048430V/ 12 August 2020 LMS Capital PLC INVESTMENT IN A PORTFOLIO OF OIL AND GAS PRODUCING ASSETS IN ROMANIA · Leadership of an investment group to acquire an interest in Dacian Petroleum ("Dacian") in Romania · Dacian will, conditional on obtaining necessary Romanian Government approvals, acquire a business operating onshore oil and gas fields currently producing approximately 1,400 barrels of oil equivalent per day ("boepd") with significant production upside and unrecovered reserves · Approvals expected late Q3 or Q4 with a backstop date of 8 January 2021 · LMS investment of US$9.05 million in loan and equity capital to acquire a 32% holding in Dacian · Co-investors include Dacian management, LMS Directors and others
igbertsponk: So a reduction due to write downs of investments made by Rayne etc. And more costs of the reorganisation. This is just a vehicle for bosses to get payoffs from. I bet they'll get some old LMS guys back in again.
skyship: We all know that Robert Rayne is one of the best value destroyers in the investment game, so can there ever be a reason to buy LMS now that he is back in charge. Personally I've always been prepared to chance a few quid when a discount reaches absurd levels. Two universal laws: # Nature abhors a vacuum # Market forces of one form or another tend to rectify discounts 😊 So, we now see LMS on offer at a smidgeon below 38p - already down 10.5% on the price paid by Peter Harvey just over 3weeks ago. At 38p the 30th Sept'19 NAV, adjusted for the 4.25p special dividend, comes out at 68.4p - so the discount now = 44.4%. That discount should be confirmed one way or another later this month when the Dec'19 NAV figure is due to be released; when a further small haircut has to be considered quite likely. Of the net £55.2m net assets, no less than £25m is in cash - that's 31p/share. So, may be stupid, but I've taken a small position...
cc2014: Well I assume that 575k trade at 43p was a sell and has now worked it's way through and any overhang has cleared. Or it's MM playing games and have popped a few buys through raised the price as they know it's going to take them a month to shift that much stock. My view with CWA1 that's it's PI's attracted by the dividend. Sadly I find alot of these stocks were PI's dive in just for the yield (think CNCT and a large number of Woodford stocks) and it means I can never quite get the entry I want as it never goes low enough. (Although how low is low enough here I'm not sure). The divvy is great but it makes the fund even more sub-scale and uneconomic in size. I remain left wondering who is going to benefit most from LMS and have to keep reminding myself about the crazy high office rental price LMS were paying to Derwent/Rayne (can't remember which but effectively the Rayne family) which GH negotiated down (which was probably were their relationship started falling apart). Could just be someone trying to juggle their tax, wants the dividend and capital loss.
skyship: CWA1 - Simon Thompson today recommends to ditch LMS. Below is the closing part of the article: "My concern is that the concert party has effectively taken control of LMS without paying a premium for doing so. In my view, this will create an overhang of shareholders (who had previously been backing GHAM) who will want to exit. The fact that LMS’s share price reversed from a 12-month high of 59.5p at the end of October is telling, as is the fact that, at 49.3p, the shares now trade on a 32 per cent discount to net asset value (NAV). I can see no reason why new buyers would want to back Mr Rayne’s team at this juncture given that LMS now has fewer resources at its disposal and also needs to recruit expertise it currently doesn’t have. So, having recommended buying the shares, at 48.8p, in my April Alpha small-cap report, I recommend exiting at around break-even. Sell."
aclelland: Gresham House Asset Management Limited (“GHAM”) notes the announcement made today by LMS Capital plc (“LMS”) that the resolution to re-appoint GHAM as investment manager to LMS was not carried. The resolution was put to LMS shareholders by the LMS board (“Board”) and was unanimously recommended by the independent directors of the Board. The recommendation also received the support of independent proxy research house ISS. Robert Rayne, the only non-independent board member who, together with family-relatedholdings represents c.42% of the outstanding shares (“Rayne Concert Party Shares”), opposed the Board’s recommendation, instead proposing an internally managed solution. GHAM notes that a very substantial majority of holders of non-Rayne Concert Party Shares comprising 82%, supported the Board’s recommendation and voted for the re-appointment of GHAM. Following the outcome of the shareholder meeting, the independent directors of the Board have resigned, as they do not believe that the internal management proposal is in the best interests of shareholders as a whole. An announcement relating to the appointment of replacement directors will be made by LMS in due course. LMS had net assets of £58m as at 30 September 2019, representing approximately 2% of GHAM’s total assets under management. The mandate is therefore not financially material to GHAM or to Gresham House plc. Background GHAM was appointed investment manager to LMS in August 2016, following a shareholder vote. The appointment came with a change of investment policy, bringing to an end LMS’s previous realisation policy, and sought to improve governance, reduce costs and, following further committed returns of capital to shareholders, ultimately to recommence investment. GHAM’s appointment was instrumental in catalysing significant positive changes at LMS, including improved governance, very significant cost reductions, portfolio re-appraisal and management, successful realisations, and improved investor relations and shareholder focus. Under GHAM’s management, sufficient cash was raised from realisations to return £11m to LMS shareholders in August 2017, fulfilling the commitment made in August 2016 earlier than expected. Since then, GHAM has facilitated and managed further realisations which have led to a position where, as at 30 September 2019, LMS had in excess of £28m cash available for investment. Next Steps GHAM will remain as Alternative Investment Fund Manager to LMS until LMS secures the necessary authority and approvals from the Financial Conduct Authority to manage its investments directly or alternative arrangements are put in place. Robert Rayne confirmed in his Circular to LMS shareholders dated 8th November 2019 that the New Board intends to serve notice to GHAM to terminate its existing contract, and hence these arrangements will not extend beyond 31 May 2020.
aclelland: For LMS Capital Investors, here are links to important documents ahead of the shareholder vote on the investment management arrangements on November 28th. Make sure you vote to retain Gresham House. Your vote counts. Here is the link to the LMS Capital circular regarding the Recommended Proposal for the Company’s Investment Management Arrangements: https://greshamhouse.com...9-4157-2816-6944-v1.pdf And also the EGM Presentation: https://greshamhouse.com...tation-Final-131119.pdf These are important documents that support the Board's proposal to retain Gresham House as investment manager. Vote Gresham House.
aclelland: For LMS Capital Investors, here are links to important documents ahead of the shareholder vote on the investment management arrangements on November 28th. It's important you vote to make your voice heard and retain Gresham House in the interests of all shareholders. Here is the link to the LMS Capital circular regarding the Recommended Proposal for the Company’s Investment Management Arrangements: https://greshamhouse.com/wp-content/uploads/2019/11/LMS-Circular-5-November-2019-4157-2816-6944-v1.pdf And also the EGM Presentation: https://greshamhouse.com/wp-content/uploads/2019/11/LMS-EGM-Shareholder-Presentation-Final-131119.pdf These are important documents that support the Board's proposal to retain Gresham House as investment manager.
skyship: ST made another big write-up on GHE today. He mentions LMS in the body of the text: "Gresham House also deploys similar investment techniques to the £59.6m (73.8p a share) portfolio it manages for investment company LMS Capital (LMS: 50p), a company I am also positive on, having suggested buying LMS’s shares in my April small-cap report for our Alpha subscribers. The investment risk is heavily skewed to the upside, given that Gresham House’s investment managers are in the process of realising significant disposals from LMS’s legacy private equity portfolio with a view to recycling the cash into new private equity investments. The addition of the Livingbridge venture capital team to Gresham House has opened up new private equity investment opportunities to exploit, so expect news on this front in the near future. LMS’s shares are trading 30 per cent below NAV of £59.6m (73.8p a share), even though cash and quoted investments (£24.7m) accounts for 60 per cent of LMS’s market capitalisation of £40.7m. Effectively, LMS’s private equity portfolio is priced in at 55 per cent below carrying value, a ludicrously cheap valuation."
ADVFN Advertorial
Your Recent History
Lms Capita..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210119 19:50:20