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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lms Capital Plc | LMS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.85 | -4.63% | 17.50 | 08:36:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.50 | 17.50 | 17.50 | 18.35 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 13/4/2024 07:52 by donald pond The oak bloke has looked at this on his substack and sees the huge value on offer. I felt obliged to.post it was ever this and the only thing the company does is pay exorbitant fees to RR. Investors wont get anything from the trough until the pig steps away, and why would he? The LSE and the FCA should step it, but wont. |
Posted at 02/5/2023 14:23 by igbertsponk Another £0.5m of investors cash spent on running just a few investments... |
Posted at 15/4/2021 07:23 by skyship magic - Robert Rayne's appalling track record as an investor hardly inspires confidence whatever he does; so IMO leave well alone - no discount high enough to justify the Rayne Risk.That said; there are times when one can snipe a few pennies from this stock. |
Posted at 17/2/2021 12:55 by magic This seems a very attractive proposition. Bought a small amount.Surprisingly low P/B. Romanian oil financing looks increasingly attractive, re rising oil price. Dividend policy nod to investors. Shaking up Trust after some turbulence. Feels like it might develop some momentum. Limited downside risk. Increasing inflation should start to float value types more. |
Posted at 12/8/2020 07:50 by cwa1 Interesting , and unexpected by me, acquisition of interests in the oil and gas industry!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 |
Posted at 28/11/2019 19:27 by 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” Robert Rayne, the only non-independent board member who, together with family-relatedholdin 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. |
Posted at 20/11/2019 09:59 by 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: And also the EGM Presentation: These are important documents that support the Board's proposal to retain Gresham House as investment manager. Vote Gresham House. |
Posted at 15/11/2019 08:00 by 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: And also the EGM Presentation: These are important documents that support the Board's proposal to retain Gresham House as investment manager. |
Posted at 27/9/2019 09:37 by cc2014 It's difficult standing on the outside to unravel exactly what's going on with the power play here but I just don't see how Gresham House can manage this fund effectively with an investor who is not in alignment with the Board. Robbie Rayne still sits on the investment committee unless things have changed recently and it's clear he thinks he can do better than Gresham House (or anyone else for that matter).Best solution would be for the Board to use all the cash to make Robbie an offer for his shares at say 45-50p and move on. Of course then the fund goes sub-scale and would have to be merged with something else. I suspect Robbie's family tax position would get in the way of the buyout, negating this as a proposition anyway. Sadly I have done alot of work researching this share but it's resigned to the uninvestable pile until something more clear crystallises with Robbie Rayne's situation. |
Posted at 27/7/2017 09:18 by swiftnick Once the tender process is out of the way the company has stated that new investments will be in direct private equity opportunities at the smaller end of the market and alternative, specialist asset classes targeting long term, illiquid strategies, "leveraging the expertise, experience and network of the GHAM investment team in asset management, private equity and public markets".There aren't that many opportunities for private investors who want some exposure to private equity as part of a balanced portfolio and if the company is successful going forward the returns could be very good. However the size of the market cap will limit their ability to diversify and spread risk so one or two bad investment decisions could hit investors hard.So the question is, given this risk profile, what would be an appropriate discount to NAV going forward? We're on 27.5% or so at the moment - is this too high or too low? |
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