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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 +2.04% 50.00p 49.00p 50.00p 50.00p 50.00p 50.00p 210 08:59:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 7.6 8.4 6.0 40.36

Lms Capital Share Discussion Threads

Showing 1351 to 1373 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
I am struggling to understand the motivation for the transfer of shares. It appears on first view to take the shares from within protection from IHT to outside of it, although it is entirely possible there is some way round this (which I would very much like to understand. Possibly a new trust to be set up to enable use of another zero rate band under the 10 year rule but then why distribute so much money?). I suspect the tax affairs of people with so much wealth are beyond my understanding! Anyways I am still left with the why? and I suppose a question as to whether the beneficiary will now sell them in the market. My suspicious mind says the Trust started with 13.4% and now has 10.85% so 2.55% have flowed to the beneficiary, who must be below the 3% level as no RNS disclosure. Beneficiary now free to sell them without informing market? LMS remains high up on my list of opportunities but I'm hesitant. The share price seems to be drifting away from me too. I'll keep watching
PA - I suppose a subscription by LMS would qualify as a concerted party transaction and have been declared like Berks CC Pension fund; however perhaps not - so with the deal not completing until the end of the month, it may well be that LMS does subscribe: "Application will be made for the Consideration Shares and the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that the Acquisition will complete and Admission will occur at 8.00 a.m. on 30 November 2018 with the transfer and settlement of the Placing Shares with Placees shortly following Admission. In this regard, the Placing Shares are expected to settle in the CREST accounts of Placees within two Business Days of the date of Admission.
Given their previously stated aim of holding 5% of GHE I was expecting them to take up shares in the placing. 5% of the total shares issued would come to under £1m. I also half expected some sort of investment in the energy storage fund.
pavey ark
Just a shifting of the chairs then. Meanwhile Gresham make another good deal and with AUM now through £2bn, the shares move ahead again.
Not selling down holding. See additional info in notification: "This notification is made in relation to a transaction which took place on 9 November 2018 whereby Withers Trust Corporation Limited, James McCarthy and Nicholas Kelsey as Trustees of The Lord Rayne Will Trust transferred shares (comprising about 2.0% of the Company) from The Lord Rayne Will Trust to a member of the Rayne family ('the member'), who is a beneficiary of The Lord Rayne Will Trust. Prior to the transfer, the shares were held beneficially for the member (who also had a direct holding in the Company) by the Trustees. The transfer was made for no consideration and did not result in any change in the overall holding, or the overall voting rights, of the extended Rayne family and its trustees collectively, who together hold 43% of the Ordinary Shares and who are treated by the Panel on Takeovers and Mergers as "acting in concert" for the purposes of the City Code on Takeovers and Mergers. The shares were held before and after the transaction in the name of the same nominee, Rathbone Nominees Limited."
Edited: thanks culver
3Q update "LMS Capital plc LMS Capital plc is issuing the following update covering the period from 1 July 2018 to date. 30 September 2018 Net Asset Value The Company's unaudited net asset value ("NAV") at 30 September 2018 was £63.1 million (30 June 2018: £63.8 million), equivalent to 78.1p per share (30 June 2018: 79.0p)."
CC2014, thanks for that, much appreciated. I am more than happy to hold here. Although the major holdings are unlisted it has been shown that these can be sold at a good price. Yes to, Penguin, National Energy Partners have all been sold at a good price and their remaining shares must be viewed as very sound. For once Medhost looks to be on the up. I'd be surprised if the company's remaining assets could not be sold at current valuation or even more. When these assets are realised I expect Gresham to manage them well and together with the unwinding discount I look forward a good return on my investment. Edit: GHE are aiming at a return of 12/15% a year on LMS assets but by my calculations even if they only managed 7.5% a year the share price could grow at 15% and after three years the discount should still be c.24% I would be very content with a compound growth of 15% for three years !!
pavey ark
Yes, I think they "kitchen sinked" the valuations when they took over the management, so personally happy to wait for value to out as the 37% discount suggests very little downside from here.
I attended the presentation Skyship I was impressed but I think there's a sticking point. The fund has been taken over by Gresham and the existing investments will need to be crystallised to produce cash for the new investments. This is going to take time and I question at what price and when they can be crystallised. If I heard correctly (I need to check) many of the current investments are overseas so a strengthening pound (which I see post Brexit) is going to knock the existing NAV. Also, I question whether the NAV will also get knocked on crystallising existing assets. About a third is held in unquoted companies. Trawling through the accounts would help understand this. I do note the NAV has already been written down by Gresham on taking the fund over so maybe that's all in the price. Going forward they intend to invest in : 1. smaller uk opportunities 2. property based 3. energy based. focused mainly on UK. Longer term I might buy some of these but in the short term I think the share price will go lower before it goes higher, a strengthening pound being my biggest concern.
The stockopedia report and presentation from our recent Manchester seminar for LMS Capital is available in our full member exclusive area here: hxxps://
I wonder if they're buying into the new Gresham energy storage fund?
pavey ark
Anyone have any news on how that Sharesoc presentation went?
LMS Capital along with three other companies present at our Manchester growth company seminar on the 16th October, more details and registration here: hTTps://
LMS Capital present at our Manchester growth company seminar on the 16th October, more details and registration here: hTTps://
Thnx to astonedt for spotting this and posting on the GHE thread: GHE CEO interview and Q&A discussing their interim results INTERVIEW - Q&A -
...a little bit of interest continuing today
Redhill - a nice price to have paid on Wednesday. You will have been pleased to see 75k bought @ 51p today... Also pleasing to see GHE up at 460p-470p.
Just bought some more at a tad under 50p. Price seems too good to be true but with such a high proportion of cash in the NAV looks a solid bet.
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
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...
Interims c3weeks away.....26th July last year. Expecting (hoping) that the NAV will be back up to 80p, perhaps even higher...
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
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
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