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
  +0.00p +0.00% 47.00p 47.00p 48.00p - - - 2,084 08:07:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -20.8 -20.6 - 37.94

Lms Capital Share Discussion Threads

Showing 1301 to 1322 of 1325 messages
Chat Pages: 53  52  51  50  49  48  47  46  45  44  43  42  Older
DateSubjectAuthorDiscuss
27/10/2017
15:21
Yesterday the qtly update confirmed the NAV steady @ 74p. Today NED Rod Birkett confirms he has bought 30k @ 47.25p. His last trades in the stock were a purchase of 25k @ 59.25p last September; he then sold 7300 @ 70p in the recent Tender. At 47p the discount remains the highest in the sector @ 36%. The problem of course is the deadweight of Robert Rayne and his family interest of 43% - an increased figure as he wasn't allowed to share in the recent Tenders... Interesting to think that without Rayne these would likely be trading some 25%-30% higher!
skyship
06/9/2017
09:18
I am satisfied with my revised figures from TD - a little more than I expected. With regard to Skyship's comment, I too think that we shall now see a fallow period until portfolio valuations prove the worth of the new concept one way or another. This is now a small holding for me and it is tempting to remove clutter but I think the 37% discount will concentrate minds if it persists so I am going to put them on the back burner for now. MH
midherts
06/9/2017
08:33
Looks as though the Directors have cleaned out the tap which has brought these back down to reasonable post-tender levels @ c46p. A retreat was surely a given without the support of future tenders; but the question is at what discount level should these now trade. At 46p they are on a c37% discount, certainly the highest in the sector, but no surprise there considering the patchy past. The new broom will turn matters around; but perhaps they still need to evidence very positive results before the shares will be afforded a less parsimonious rating; so perhaps settling into a 44p-50p range for the time-being.
skyship
25/8/2017
12:35
I got 30% or so. May top up further as the price now falls. 41p was my original buy price and got about twice my original investment back. Not bad, but LMS have struggled a bit due to poor sector selection. Let's hope Gresham are better.
topvest
23/8/2017
15:55
I'm with HL and still waiting to hear. Usually fairly quick. I too tendered for basic and excess.
budsman
23/8/2017
15:32
I tendered more than the basic entitlement and got 31.66%. Happy with that. I'm with H Lansdown FWIW.
alter ego
23/8/2017
15:27
@MidHerts Based on the numbers that TD gave me for the size of their total holding and shares tendered those who tendered in full should be getting around 32%. It's odd as TD got the last LMS tender right as far as I can remember.
keit4h
23/8/2017
15:11
I too have complained to TD and am pressing the case. Anyone else involved please do so also. MH
midherts
23/8/2017
12:32
@CWA1, who is your nominee? The incompetents at TD Direct have only taken 19.6% of my holding. I have complained!
keit4h
21/8/2017
16:18
Well, got 30.5% tendered, bit better than the minimum. Ho hum.
cwa1
15/8/2017
16:17
Being greedy and hoping for a bit more than that from those not tendering through their broker for whatever reason.
cwa1
15/8/2017
15:53
Yes, as you say, it works out as a 29.4% return of capital for those who tendered their entire holding.16.29% + (15.65% x 0.8371)
swiftnick
15/8/2017
14:15
Happy with 29.4%. Maybe a little bonus on top from those not tendering internally.
tiltonboy
15/8/2017
08:20
RNS out.All valid tenders will be satisfied in full up to the Basic Entitlement, and, following application of the scale-back mechanism (as set out in the Circular), approximately 15.65% of the Ordinary Shares validly tendered in excess of the Basic Entitlement will also be satisfied.
swiftnick
15/8/2017
07:48
So today's the day we hear the results of the tender offer. I'm predicting 2.15PM.....
cwa1
28/7/2017
17:50
My strategy is to tender as much as possible. I've already more than covered off my 41p purchase price many years ago, albeit not a great return given no dividends. Plan to reinvest when and if it drops to 40p ish. Think the discount will open up after the tender offer.
topvest
27/7/2017
17:32
CWA1 - well done - I made a bit of a hash of it this time around!!
skyship
27/7/2017
08:18
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?
swiftnick
27/7/2017
07:52
LOL Sky, fortunately The Acolytes Of Skyship(TM) followed the master-but didn't do the selling bit :-)
cwa1
27/7/2017
07:28
Hybrasil.....rather shame-faced as only bought back a few and decided too small a holding to worry about so took a very small turn BEFORE the jump in June! DOH!
skyship
26/7/2017
09:27
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
26/7/2017
08:28
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
Chat Pages: 53  52  51  50  49  48  47  46  45  44  43  42  Older
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