Lms Capital Share Discussion Threads

[badtime] 15/3/2016 12:28

Finals published March 10th last year

[eeza] 15/3/2016 11:40

No surprise.

[badtime] 15/3/2016 11:37

No reply as yet

[skyship] 11/3/2016 13:26

Thnx for that you two...

[badtime] 11/3/2016 12:00

Ok Sky I've emailed as suggested

[strathroyal] 10/3/2016 16:41

Don't think this has been put up here:

www.estatesgazette.com/chinese-dine-out-on-mirabelle/

Hopefully this will see a positive move in Brockton's valuation.

[skyship] 10/3/2016 14:35

Personally I feel a general email is unlikely to elicit a response, may not even be read. However, if doing so, certainly direct to Exec. Director Tony Sweet:

[e-mail]

The Chairman Martin Knight isn't based there. My first letter to him at the Imagination Technologies address was replied in 2weeks. My second to the LMS address took over a month.

Never too late; though the Finals should be out any day now. They will reveal whether the BoD is holding to their promise in the recent Tender Circular:

"The Board expects to see continued progress with the realisation of assets and aims to make further returns of cash as the realisation strategy progresses."

If they revert to type, then no second chance. They should be voted out en masse at the AGM.

[badtime] 10/3/2016 14:08

MF ...did u drop them a line? I emailed the company a couple of days ago ...no reply to date

[eeza] 08/3/2016 22:28

weatherford mentioned in this article. Hope LMS are ditching their holding whilst they can.

"I am on record saying that Weatherford International is so highly-leveraged that it needs equity to stay afloat. With debt/EBITDA at 8x and $1 billion in principal payments coming due over the next year, the oilfield services giant is in dire straits."
"Weatherford has been in talks with JP Morgan Chase to re-negotiate its revolving credit facility -- the only thing keeping the company afloat. However, in a move that shocked the financial markets, JP Morgan led an equity offering that raised $565 million for Weatherford. Based on liquidation value Weatherford is insolvent. The question remains, why would JP Morgan risk its reputation by selling shares in an insolvent company?"

More....

[mad foetus] 03/3/2016 16:01

Wft up sharply today, looks to have turned a corner.Agree re the board, will drop them a line and recommend others do the same.

[skyship] 03/3/2016 13:31

Agreed - Rayne. Also Martin Knight the Chairman has in the past showed himself to be weak when it comes to protecting outside shareholder interests. Had to be strong-armed last time; and clearly we must all hope he is not tested again.

[badtime] 03/3/2016 13:20

Lol..but at some stage ...

[badtime] 03/3/2016 12:46

As u know I'm back in the game so I'm not questioning from the outside ..liquid asset ..LMS in wind down ...on what basis are they not selling

[skyship] 03/3/2016 12:18

As I've said before, they could sell them anytime they have a mind to. The daily volume is 6x larger than the LMS holding...

[badtime] 03/3/2016 11:17

Anyone wanna buy the lot in LMS?

[skyship] 03/3/2016 08:09

Looks as though our worst fears over WFT have been sorted:

[hugepants] 25/2/2016 21:42

that was an out and out heist

[elmfield] 25/2/2016 20:09

Huge pants,
We were well ripped off in Dmatek!
Taken out far to cheap.

[hugepants] 25/2/2016 20:05

SKYSHIP
25 Feb'16 - 15:56 - 750 of 751 0 0


HP - Sorry, but your slip is showing under your pants with that post! LMS is a "Private" Equity trust.

Is it though? They hold quoted and unquoted investments in the portfolio and they describe themselves simply as an "investment company" on their website.

The majority of the investments are unquoted and for me that's the issue. For example there is an investment in a company called Entuity that was made 16 years ago and has a book value of exactly £5M. Clearly an estimate. Some of the investments will probably be worth more than book and some less but from my personal experience Id assume there is a greater chance they are being overvalued than undervalued.

[skyship] 25/2/2016 16:32

Good to see a bit of volume here today. 36 trades totalling 226k; and the share price edges higher @ 69.75p-71.0p.

[skyship] 25/2/2016 15:56

HP - Sorry, but your slip is showing under your pants with that post! LMS is a "Private" Equity trust.

There is a reason for the nomenclature of Private Equity. It is down to the fact that the majority of investments are unquoted private companies or collective funds of same.

You'll find a certain amount of information on the PE thread; and loads of information from each individual stock listed there.

A good place to start your voyage of discovery might be to click on EDISON's excellent piece of research on SEP - I posted the link on the PE thread earlier today.

[mad foetus] 25/2/2016 14:38

I think the biggest investment is in Brockton Capital, a London based property management company. I also recall, possibly inaccurately, that it is currently valued at about the price it was 7 or 8 years ago: given the market during that time, it is reasonable to expect some uplift.

[badtime] 25/2/2016 14:12

Moving in the right direction