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
	-1.00p	-1.90%	51.50p	51.00p	52.00p	-	-	-	50,000	16:35:01

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Financial	0.0	7.6	8.4	6.1	41.57

Lms Capital Share Discussion Threads

Showing 1326 to 1348 of 1350 messages

Chat Pages: 54 53 52 51 50 49 48 47 46 45 44 43 Older

Date	Subject	Author	Discuss
02/8/2018 17:21	SKYSHIP, I agree with your 33.5% figure but my figure for net cash is 43%,obviously we are using a different method of calculation. Perhaps more interestingly I get a figure of £20m for the total NEAR CASH which renders all discount figures even more silly. 1 Residual payment on Penguin is £4.3m but willing to discount this to £3m 2 Nationwide Energy Partners owe £2.96m (Dec 2017)and this is rock solid but I don't know the repayment schedule so call it £2.5m 3 8% Convertible loan instrument with Northbridge IS is already "in the money" £600k but to keep things neat call it £500k. If the above are taken out I get a discount of c.50% on all the other assets. A £4.5m holding in Gresham House discounted by 50% !!? Plenty of other solid assets that are discounted at silly rates. I have been buying over the last month and this has reached 5% of my share holdings. In my opinion these discounts take out much of the possible downside. Happy to hold but probably have enough. Edit: I don't think that Simon Thompson, in the IC, covers this now. Any recent mention of LMS has been in relation to their holding in Gresham House, which is a big favourite of his. It looks like LMS share price is at the mercy of PIs doing their own research.	pavey ark	Read Full Thread Reply
31/7/2018 18:21	NAV turns out at 79p...held back by the collapse of their residual holding in Ide. Still, pretty good, especially as they now have £14m in cash; a whole one third of the MCap. The discount @ 52.5p = 33.5%; but strip out the cash and the discount rises to 38.6%. Something ST may comment upon in IC Online...	skyship	Read Full Thread Reply
06/7/2018 14:14	Interims c3weeks away.....26th July last year. Expecting (hoping) that the NAV will be back up to 80p, perhaps even higher...	skyship	Read Full Thread Reply
13/6/2018 15:11	By my calculations (worth checking!!)the pound has dropped by c. 4.6% against the dollar since Penguin was valued at 31st march. Good to see further liquidation of old assets and I am happy to see the money being passed to GHE. I consider GHE to be very good at what they do and the more they have under management the more likely that the large discount will reduce. Shareholders here could be in the happy position of GHE producing good returns on the money they invest AND the discount narrowing.	pavey ark	Read Full Thread Reply
13/6/2018 13:21	I suggest he doesn't hold - he's just trouble making, as is his wont.	skyship	Read Full Thread Reply
13/6/2018 12:41	IgbertSponk, I think you're being excessively cynical/pessimistic but we'll see. I'm happy to hold at such an apparent discount to NAV - if you're not happy either sell or don't buy, your choice.	redhill9	Read Full Thread Reply
13/6/2018 11:41	Do I really have to interpret ?? You didn't even know they marked to market a few posts ago, yet still pontificate. No need to read the numbers - the RNS spells it out. release of the escrow plus payments under the performance related element of the price could allow the company to receive proceeds equal to its carrying value, or possibly a small premium, during the first half of 2019. So a small premium IF they hit performance.... And as anyone who has ever bought or sold a company knows, the acquirer does their very best to ensure no further payment is made.	igbertsponk	Read Full Thread Reply
13/6/2018 11:01	Not convinced that you're reading the numbers correctly IgbertSponk.	jaknife	Read Full Thread Reply
13/6/2018 10:45	When you hold a stock on a 35% discount it is the effect on stated carrying value that is important, not whether it is sold at a loss or a profit. The RNS more than implies that the disposal will result in a premium to carrying value. Perhaps wait to see what the next RNS states...	skyship	Read Full Thread Reply
13/6/2018 10:27	They do mark to market, so a loss.	igbertsponk	Read Full Thread Reply
13/6/2018 10:20	It looks like a small profit if the escrow payment is released (assuming that the carrying value is cost and hasn't been marked to market at a subsequent date) and potentially more profit if the earn out conditions are met.	jaknife	Read Full Thread Reply
13/6/2018 10:17	IS - I suspect you are mis-reading the runes here. Do you hold by the way?	skyship	Read Full Thread Reply
13/6/2018 10:12	So a loss (sellers rarely receive earnouts). Which also cats doubts on the carrying values of other similar investments.	igbertsponk	Read Full Thread Reply
13/6/2018 10:11	Sounds encouraging - and the few buys triggered has taken us back up to 50p bid; so pleased with that. Assuming we've recovered the NAV back to 80p, then the discount @ 52p = 35% - so still looking cheap IMO.	skyship	Read Full Thread Reply
21/5/2018 16:28	135k bought from 49.0-49.6p.....someone clearly endorses the value here!	skyship	Read Full Thread Reply
21/5/2018 09:39	Gresham up again (now 442p) and the $ up again...and finally signs of movement in the share price as it trades slightly better at 48p Bid...	skyship	Read Full Thread Reply
18/5/2018 11:35	With the rise in the $, the rise in Gresham and the small recovery in Weatherford, the NAV here likely now to be back up to at least 78p...	skyship	Read Full Thread Reply
01/5/2018 09:20	Disappointing to see the NAV retrace back to 75p from the Dec'17 figure of 80p; though of course the recent $ strength will have moved it back up to c76p, all other things being equal of course. "The Board and the manager continue to evaluate strategic options for the Company to increase scale and enhance shareholder value." Certainly with a MCap of just £38m & an NAV base of c£61m, increased scale needs to be addressed, though with the substantial discount it would seem a tall ask. Best for Gresham house just to take it over lock stock and barrel; but I suspect that they would prefer not to have Robert Rayne holding too large a %age of GH. Best outcome would be a White Knight parachuting in, taking Rayne's stake and ending up with an investment shell... They look to be good value again as at 45p the discount would be 40%. At 47p still 37.3% - a level with obvious attractions for the value contrarian.	skyship	Read Full Thread Reply
31/3/2018 15:20	Looks like the Board are exploring strategic options for the Company as per the Annual Report. Be interesting to see what happens. Time to get out of some of the US investments no doubt.	topvest	Read Full Thread Reply
26/3/2018 17:02	Actually that 600k excess adds 0.74p...so even better...	skyship	Read Full Thread Reply
26/3/2018 16:49	Adds another 0.5p to the NAV. Every little bit helps!	skyship	Read Full Thread Reply
26/3/2018 16:40	26 March 2018 LMS Capital plc ("LMS" or "the Company") Receipt of proceeds from the sale interest in Brockton Capital LLP On 8 February 2018, the Company announced that terms had been agreed for the sale of Brockton Capital LLP, in which the Company had an interest of 6.67%. Completion of the sale was subject to customary conditions including obtaining regulatory approval. The net proceeds from the sale were expected to be in the region of GBP2.5 million. This amount was reflected in the 31 December 2017 results announced on 15 March 2018. The Company can now confirm that the sale has completed and proceeds have been received. The Company's share of proceeds on sale amount to GBP2.65 million. In addition, GBP465,000 has been received being the Company's share of surplus funds held within the entity sold and which were distributed immediately prior to completion. The total cash receipt was therefore GBP3.1 million.	cwa1	Read Full Thread Reply
15/3/2018 17:09	Although I note from Note 19 that we have paid Raine controlled entities £275k and £13k as Related Party payments. Hopefully nothing further to him!	budsman	Read Full Thread Reply

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