Lms Capital Share Discussion Threads

[skyship] 04/11/2015 09:18

...perhaps they sold down at $9.00 and haven't told us yet!

[badtime] 04/11/2015 09:15

Quick sell it...that'll be the day

[skyship] 04/11/2015 08:07

WFT rose another 5% in NY last night - chart rather +ive:


free stock charts from uk.advfn.com

[eeza] 03/11/2015 07:53

They definitely have the right credentials.

[my retirement fund] 03/11/2015 00:05

They probably have ambitions to work for Globo or Eros.

[eeza] 02/11/2015 23:00

IMS was on 4 Nov last year - but Co's are no longer required to issue one.

Thankfully we have a BOD dedicated to providing s/hlder satisfaction.

[mad foetus] 29/10/2015 09:12

well, I have bought in. The last announcement was clear that the board are looking to realise assets and complete arrangements for the return of capital to shareholders. The discount looks silly given the NAV of the company, the cash and the fact the directors have been clearly told to wind up the co.

[skyship] 28/10/2015 09:00

Countdown to November and the next IMS - which could well be next week. Hopefully it will be used to announce the next Tender...

[cousin jack] 23/10/2015 12:39

"Bit of a scramble for the Exit".

Down 0.17% - it's hardly a scramble !

[eeza] 23/10/2015 10:20

Lol !!!

Bit of a scramble for the Exit.

[eeza] 20/10/2015 11:30

Value Investors reduced by ~200k.

[stupidboypike] 12/10/2015 09:12

well grudgingly I've just joined in a small way. Let's hope the management don't disappoint again! Best regards SBP

[skyship] 11/10/2015 08:05

Well, fingers xxed we'll both be cheering a good result shortly...

[eeza] 10/10/2015 18:32

"However, that did not stop me from seeing a value opportunity, buying back in and taking it up to my largest holding."

Yes. Also guilty on both counts.

"I am now waiting upon events"

Also.

"in the sure and certain knowledge that the next Tender will very shortly be in the bag..."

Lol !!!!!

For the sake of clarity.

[skyship] 10/10/2015 17:28

No - I went active:

I contacted, in apocalyptic terms:

# The Company

# Capital Gearing Trust

# BTEM

# Schroders

BTEM were the only one not to reply.

I stated in earlier posts what I thought of them; and I too think heads should roll.

However, that did not stop me from seeing a value opportunity, buying back in and taking it up to my largest holding. I am now waiting upon events in the sure and certain knowledge that the next Tender will very shortly be in the bag...

[skyship] 10/10/2015 15:18

eeza - you posted: "Contrast their actions to the expeditious returns at APT, for example."

I agree, APT has been and continues to be a great liquidation play.

However, if you look at the facts, the LMS liquidation has paid back at a far better rate than APT!

LMS: Since the implementation in Nov'11: "To date GBP115 million has been returned to shareholders by way of three tender offers and related share buybacks - this total equates to around 48% of the net asset value at the end of 2011 and approximately 74% of the Company's market capitalisation at the time of the November 2011 general meeting to approve the realisation strategy."

APT: Since the implementation in Dec'12: there have been 5 redemptions returning £13.1m - that's 23.3% of the NAV at the end of 2012.

I suspect APT will close its liquidation before LMS; but I also suspect that the LMS programme will be even further ahead before the year is out.

[badtime] 10/10/2015 14:20

Yep ..within a couple of days of buying when I reminded myself of the management..hope it comes off for Sky though

[eeza] 10/10/2015 11:59

Better than losing it in some lunatic new O & G foray :-)

But can the BOD be trusted ( Lol !!!!!!! ) to return the dosh to its rightful owners?

I take it that you have sold.

[badtime] 10/10/2015 11:02

I stand corrected Eeza...u r so right in that cash is earning nothing :)

[eeza] 10/10/2015 10:47

They have actually sold some of WFT shares as part of the £26.6m realisations during the half year.

From the Interims
"o Sale of shares in Weatherford International for £3.8 million;"

WeSupply sold since - so approx £ 32m sitting earning SFA & still can't get round to returning it to s/hlders.

[badtime] 10/10/2015 09:39

Weatherford has always been my annoyance...publicly quoted company and they havnt sold a single share ...hope you make some dosh sky but not for me

[my retirement fund] 10/10/2015 08:52

What will be the next rankle? The miss alignment of interests and lack of change in it thereof stinks.

[tiltonboy] 10/10/2015 08:29

They should liquidate the holding of Weatherford forthwith. The fact that they didn't do it at $17-20 still rankles!

[skyship] 10/10/2015 08:05

Well, as the lone voice of hope here. I would just remind you that the BoD were told in no uncertain terms by individual and institutional shareholders that the path to liquidation must be restored. The result - the last unequivocal RNS.