Lms Capital Share Discussion Threads

[magic] 17/2/2021 12:55

This seems a very attractive proposition. Bought a small amount. Surprisingly low P/B. Romanian oil financing looks increasingly attractive, re rising oil price. Dividend policy nod to investors. Shaking up Trust after some turbulence. Feels like it might develop some momentum. Limited downside risk. Increasing inflation should start to float value types more.

[cc2014] 17/2/2021 10:07

It seems the seller who has been providing me with stock on an irregular basis below 30p has now stopped. Share price seems to be inching up slowly, mind you that's no surprise since everything is going up. It would be nice to see them get the Dacian project signed off

[hugepants] 02/2/2021 08:40

Portfolio update: https://uk.advfn.com/stock-market/london/lms-capital-LMS/share-news/LMS-Capital-PLC-NAV-and-Portfolio-Update/84221773 NAV up a couple of pence to 59.5p including approx 25p in cash.

[boystown] 16/11/2020 12:27

Aren't these crazily good value again now?

[skyship] 12/8/2020 07:13

Rayne's previous forays into the sector were pretty disastrous - so IMO not a good start to the dispersal of LMS cash.

[cc2014] 12/8/2020 07:11

No wonder the row with Gresham House if this is what the major shareholders were interested in.

[cwa1] 12/8/2020 06:50

Interesting , and unexpected by me, acquisition of interests in the oil and gas industry! https://www.investegate.co.uk/lms-capital-plc--lms-/rns/portfolio-update/202008120700048430V/ 12 August 2020 LMS Capital PLC INVESTMENT IN A PORTFOLIO OF OIL AND GAS PRODUCING ASSETS IN ROMANIA · Leadership of an investment group to acquire an interest in Dacian Petroleum ("Dacian") in Romania · Dacian will, conditional on obtaining necessary Romanian Government approvals, acquire a business operating onshore oil and gas fields currently producing approximately 1,400 barrels of oil equivalent per day ("boepd") with significant production upside and unrecovered reserves · Approvals expected late Q3 or Q4 with a backstop date of 8 January 2021 · LMS investment of US$9.05 million in loan and equity capital to acquire a 32% holding in Dacian · Co-investors include Dacian management, LMS Directors and others

[cwa1] 30/4/2020 12:38

Modest director purchase announced

[skyship] 29/4/2020 08:48

Decided to sell into the few buyers emerging after today's Update. Out @ 33.125p. GLA

[skyship] 02/4/2020 06:32

Yes. noticed that. Sorry, no idea why the slight improvement. 18 trades on Tuesday! Small buyers paying up to 27p in the morning; but squashed down by sellers in the afternoon.

[westofengland] 01/4/2020 18:55

Sky, some life in the stock last two days- any idea why?

[skyship] 30/1/2020 12:09

I was referring to your last sentence - the return of the old team.

[igbertsponk] 30/1/2020 11:19

I'm talking about today's NAV drop and its causes.

[skyship] 30/1/2020 11:05

Igbert - that happened 2 months ago...

[igbertsponk] 30/1/2020 10:43

So a reduction due to write downs of investments made by Rayne etc. And more costs of the reorganisation. This is just a vehicle for bosses to get payoffs from. I bet they'll get some old LMS guys back in again.

[eeza] 30/1/2020 10:27

RNS - Nav update

[swiftnick] 30/1/2020 10:20

Thanks Skyship. I added a few this morning at 37.65p.

[skyship] 27/1/2020 20:42

NAV should be declared this week; though won't include the further rise in GHE - now @ 650p.

[skyship] 22/1/2020 07:37

Indeed - however prepared to chance a few bucks down at this level.

[tiltonboy] 22/1/2020 07:33

About as trustworthy as MVI.

[skyship] 22/1/2020 07:31

HP - I suspect their valuations were keenly inspected over the two years when Gresham had management control. I recall there was a bit of a markdown on day one.

[hugepants] 21/1/2020 23:26

re skyships post above this looks quite interesting if cash is 31p and NAV at 68p Looking closer at the portfolio they have 2 listed investments; Gresham House(GHE) currently worth £6.45M = 8p Solaredge Inc (listed US stock) worth approx £1.8M = 2.25p That leaves about 25p per share (£20M) of unlisted stocks and fund investments. I wonder how prudently they are valuing these?

[igbertsponk] 13/1/2020 16:27

He'll soon invest the cash in something long long term.

[cwa1] 13/1/2020 16:20

LOL, SKY, never thought I would see this day :-)