Lms Capital Share Chat (LMS)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Lms Capital	LSE:LMS	London	Ordinary Share	GB00B12MHD28	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+5.625p	+10.92%	57.125p	56.25p	58.00p	58.00p	56.00p	56.00p	219,793	16:35:24

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Financial	0.0	-20.8	-20.6	-	55.09

Lms Capital Share Discussion Threads

Showing 1276 to 1299 of 1300 messages

Chat Pages: 52 51 50 49 48 47 46 45 44 43 42 41 Older

Date	Subject	Author	Discuss
26/7/2017 10:27	Hi Pavey Ark, agreed.And actually, refining your NAV discount calculation to reflect the tender process puts the current NAV discount at around 27.5%.Say you bought 4000 shares at 57.75p, costing £2,310. Then tender all of them at 70p with a 25% acceptance. You would get 3,000 shares back together with a cheque for £700. Those 3000 shares will effectively have cost you £1,610 or 53.7p each which is a 27.5% discount to the NAV of 74p.Obviously a lot depends on your view of the Gresham House management and it must be remembered that a large proportion of the underlying holdings are illiquid. Nevertheless these still look cheap even after today's 10% rise.	swiftnick	Read Full Thread Reply
26/7/2017 09:28	Swiftnick, what it should show you,if you didn't know already, is that most PIs can't work a calculator or make individual decisions. The share price has just moved to where it should have been and still a very comfortable 23% discount to NAV.	pavey ark	Read Full Thread Reply
26/7/2017 09:15	Not complaining that the share price is up 10% this morning, but all that has happened is that they've announced what they said they were going to announce at a price that people were expecting.	swiftnick	Read Full Thread Reply
26/7/2017 09:05	In my post 1273 I predicted a distribution of 70p but with the concert party not participating I thought that we would see c.25% of holding taken at this price. I must get the old calculator out again and check my figures. Edit : didn't even have to get the old calculator out ,16% of total shares and no concert party participation private investors should see 25% of their holdings bought for 70p so with all the false modesty I can muster my prediction was absolutely spot on.	pavey ark	Read Full Thread Reply
26/7/2017 08:29	Only a penny out on my NAV prediction, so no complaints.	tiltonboy	Read Full Thread Reply
26/7/2017 07:13	Sky ship does it yet again Well done	hybrasil	Read Full Thread Reply
27/6/2017 08:02	Pleased to see the distribution from SFEP, and the increased Tender Offer, although I suspect that this will be delayed to incorporate the NAV at the interim date. Cynically, I also suspect that they will use the uplift on YesTo, to writedown other assets, so we may not see 75p which would appear to be the NAV following this receipt. I am pleased to see that distributions will be made from profits made on investments in future, which should keep them "honest".	tiltonboy	Read Full Thread Reply
27/6/2017 07:33	Increase in tender offer:- http://www.investegate.co.uk/lms-capital-plc--lms-/rns/increase-in-tender-offer/201706270700032118J/ The Board now announces: · The Company has received the distribution from SFEP, the final amount of which was $11.6 million; · In light of this significant increase in liquid resources, the Board considered whether it was able to increase the amount of the tender previously announced on 6 June 2017. The Board determined that the tender should be increased to £11 million, thereby satisfying in full the proposals in the July 2016 Circular to return this amount to shareholders. It is the Company's intention that the tender offer be launched at the same time as, or shortly after, the Company announces its 30 June 2017 results. In accordance with the July 2016 Circular, the tender offer price will be determined by reference to a 5 per cent discount to the 30 June 2017 net asset value reported in those results. The tender offer, once completed, will bring to £17 million the amount returned to shareholders since the Company's July 2016 Circular when Gresham House Asset Management was appointed to manage the Company's portfolio. This final tender offer will bring the total amount returned to shareholders to £172 million since the Company commenced its realisation policy in January 2012, at which time the market capitalisation was approximately £153 million.	cwa1	Read Full Thread Reply
24/6/2017 23:35	They haven't announced it yet!	tiltonboy	Read Full Thread Reply
24/6/2017 16:22	Do we know when the deadline for tenders will be?	value hound	Read Full Thread Reply
16/6/2017 09:42	(Three months ago (20th March) posts 1233, 1236........just saying) Anyway if we look at the recent ,improved position "the few" should see c. 25% of their shares taken at about 70p . (based on the assumptions made in my previous post) This is conditional on the tender offer being the full £11m and given the expenses involved it would make sense for them to go for one tender of £11m if they can.	pavey ark	Read Full Thread Reply
16/6/2017 07:33	Well done @Skyship, who I believe was one of the few to stick with LMS.	spectoacc	Read Full Thread Reply
15/6/2017 17:35	Simple arithmetic here. The year end value of this holding was £8.4m. For approximately half the holding they are to receive between $11m and $12m. At current exchange rates $11.5m is £9m. If we value the remainder the holding at the price paid for this 50% then the total holding is worth c. £18m or £9.6m over the year end valuation. With 96m shares in issue we get a nice round 10p (give or take). Things look very reasonable and the £11m tender return should guarantee a very acceptable return for anyone invested here. I certainly like the idea of Gresham House getting cash to invest as I do think they know what they are doing.	pavey ark	Read Full Thread Reply
15/6/2017 14:40	Link didn't work for me. This did http://www.businesswire.com/news/home/20170614006179/en/Receives-56-Million-Minority-Investment-Provide-Shareholder	alanji	Read Full Thread Reply
15/6/2017 14:20	hxxp://www.businesswire.com/news/home/20170614006179/en/Receives-56-Million-Minority-Investment-Provide-Shareholder	strathroyal	Read Full Thread Reply
15/6/2017 14:15	So, a few pennies to LMS once the various managers and directors have taken their slice of the profit.	igbertsponk	Read Full Thread Reply
15/6/2017 13:26	watching this - just cant bring myself to buy it because of the manipulative unloading before! :\|	luckymouse	Read Full Thread Reply
15/6/2017 11:37	In a year and a half of shocks...Leicester, BREXIT, Trump, Election, this probably ranks the highest!	tiltonboy	Read Full Thread Reply
15/6/2017 11:35	LMS in positive news shocker?! Who would have thunked it.....	cwa1	Read Full Thread Reply
15/6/2017 10:53	I've taken a slightly more conservative view, and have taken $11m as the cash raised, and being about half, used $20m as the sum total. This would bring in £8.6m cash, and add about 8p to NAV. I wonder if they will roll the two tenders into one!	tiltonboy	Read Full Thread Reply
15/6/2017 10:45	Some good news for you , for a change... Would seem to add c. £10m to NAV?	eezymunny	Read Full Thread Reply
06/6/2017 14:03	Rather rough calculation on my phone but should be 15% of current holding at about 63p ( open to correction)	pavey ark	Read Full Thread Reply
06/6/2017 07:42	Review and proposed tender offer:- http://www.investegate.co.uk/lms-capital-plc--lms-/rns/review-of-liquid-resources---proposed-tender-offer/201706060700062075H/	cwa1	Read Full Thread Reply
02/6/2017 09:07	From the British Empire Trust (BTEM) 2017 interim report: Http://www.british-empire.co.uk/content/uploads/2017/05/2017-BTEM-Interim-Report.pdf LMS Capital Although the impact of a NAV write-down and widening discount at LMS Capital was mitigated by its relatively small weight in the Company’s portfolio, the position deducted 23bps from NAV over the period. Write-downs at Medhost (increased uncertainty in the US healthcare sector), ICU Eyewear (failed sale process and ongoing capital requirements) and Nationwide Energy Partners (regulatory upheaval) led to a sharp fall in NAV. The discount to NAV widened as a change in policy about return of capital removed a key support. There is, however, some solace to be had from the two remaining tender offers that will be triggered upon certain levels of further disposals being reached.	vacendak	Read Full Thread Reply

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