Lms Capital Share Discussion Threads

[jagworth] 09/9/2024 16:36

This information is provided by RNS, the news service of the London Stock Exchange.

RNS Number : 1276D
LMS Capital PLC
05 September 2024


LMS Capital plc, the LSE-quoted investment company, has been notified of two related transactions in ordinary shares of the Company.
a Name James Wilson
2 Reason for the notification
a Position / status Chair of LMS Capital plc
b Nature of the transaction Purchase of Ordinary Shares
Price(s) and volume(s) Price(s) Volume(s)
0.19 1,000,000



a Name Nicholas Friedlos
2 Reason for the notification
a Position / status Managing Director of LMS Capital plc
b Nature of the transaction Purchase of Ordinary Shares
c Price(s) and volume(s) Price(s) Volume(s)
0.19 500,000

Date of transactions 2 September 2024

[hugepants] 15/7/2024 06:39

Yes out their depth. Still it gives them a job which seems to be the whole point.


They should just have bought a FTSE tracker.

[1ups1de] 10/7/2024 17:19

The clowns that took over have only succeeding in driving down shareholder value. Clueless.

[arthur_lame_stocks] 02/5/2024 15:48

I've just been having another look at these and would like to know what the 4 staff earning over £100k a year actually do?

Also, the Dacian 'investment' doesn't even appear to be able to service its debts, potentially worthless.

As for Castle View, half the apartments were empty 5 years after it was built. I suppose Covid is one excuse, if all the pensioners are dead who is there to buy them?

On reflection I think I'll probably sell and take the hit on the chin.

[arthur_lame_stocks] 24/4/2024 23:15

I've had a holding on and off here for years, I've been holding for a while and buying a few more as the price falls and It's not impossible to force Robert Rayne to wind up the company if we can convince a Court that it is in all our interests. Please take a look at the below link and let me know what you think. My own feeling is to start with an EGM which will probably get voted down and when it does to try going nuclear.

[hindsight] 13/4/2024 09:48

Should be wound up but Rayne own 40%

[langland] 13/4/2024 07:20

Could not agree more. Anyone who would want to live in Castle View out of choice needs his or her head examined built as it is on a hugely busy interchange and roundabout. There is just one picture out of the gallery (which features the fountain) which bears no relation to the activity here during the day.

[donald pond] 13/4/2024 06:52

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.

[hugepants] 19/3/2024 09:14

Agree on the above. I don't think they have a clue. The retirement living investment doesn't strike me as having great risk/reward. Au contraire. When you think of all the cheap looking listed real estate companies is this the best they could come up with after all the time they spent on it?

[skyship] 19/3/2024 08:15

All about Robert Rayne - the man is an absolute investment manager disaster. Always has been. Now we see his first big thing on regaining his hands on the reins, namely Dacia, is having a few "production" problems...

[skyship] 22/1/2024 09:58

HP - thnx for that. I'd missed it too...

[hugepants] 21/1/2024 23:53

Yep some activity and I missed the Medhost sale at end of last month for $8.6M, booking a $1.6M profit.

[skyship] 22/12/2023 08:21

I own a few from 21p. The 4% yield and 60% discount worthy of a small punt.

An interesting acquisition announced yesterday. The strategy seems a good one; though this is Robert Rayne, so we most likely overpaid by 25%+

Any vendor's eyes would light up when they see RR approaching with an open chequebook.

[hugepants] 10/8/2023 15:26

The posts have dried up and no wonder. It's embarrassing admitting you actually hold shares in this! It's now on a 60% discount with 80% of the market cap covered by net cash. I reckon Bob Rayne should call it quits. An investment manager he is not.

[hugepants] 19/5/2023 10:43

0.625p dividend announced yesterday. Goes ex on 26/05

[hugepants] 02/5/2023 13:31

yeah its ridiculous. But they have teams (plural) sourcing properties to invest in. That's hard work.

[igbertsponk] 02/5/2023 13:23

Another £0.5m of investors cash spent on running just a few investments...

[hugepants] 02/5/2023 13:11

At least there will be a couple of dividends paid out over the next few months. Yield is 4% now.

Re Armstrong/Rath Dhu they crop up quite a lot with notifiable holdings in value type investment companies eg. MVI. I don't think they are activists per se.

[cc2014] 28/4/2023 14:41

This stock is always a puzzle

[hugepants] 28/4/2023 07:35

Q1 update


NAV 57.2p
Cash 21.6p
Net cash 19.2p

US company MedHost valuation up (its about 11% of the NAV)
Brockton Capital (property) also up (13% of NAV).
Opus Capital Venture Partners down (11% of NAV).

I note the real estate teams (plural lol) are still looking for a property to invest in. One of these years they'll find something. They could just have invested in a basket of reits or any number of public property companies but that would have been too obvious.

[skyship] 14/4/2023 14:06

"Collecting" - buying indeed - but difficult to discern with what in mind. You don't take 16% in an unmarketable stock just to hold and do nothing!

[cc2014] 14/4/2023 14:04

Nothing they can do. They can't buy enough to force Rayne to do anything.

My guess is they are just collecting.

[boystown] 14/4/2023 14:03

Maybe they think they can out the huge value; incompetence notwithstanding?