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LMS Lms Capital Plc

17.35
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lms Capital Plc 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
  0.00 0.00% 17.35 16.00 18.70 - 35,977 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 96k -1.87M -0.0232 -7.48 14.01M
Lms Capital Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker LMS. The last closing price for Lms Capital was 17.35p. Over the last year, Lms Capital shares have traded in a share price range of 17.00p to 25.60p.

Lms Capital currently has 80,727,450 shares in issue. The market capitalisation of Lms Capital is £14.01 million. Lms Capital has a price to earnings ratio (PE ratio) of -7.48.

Lms Capital Share Discussion Threads

Showing 851 to 873 of 1550 messages
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DateSubjectAuthorDiscuss
28/6/2016
12:45
I've added today at 54.5p.
tiltonboy
28/6/2016
10:41
Anyone adding post Brexit vote ? I'm tempted but too many uncertainties about potential impact on the portfolio of holdings from possible declines in property prices over coming months. On the other hand this could be a great opportunity......... I wonder if Sky has added.
cousin jack
23/6/2016
13:06
Yet another buying opportunity - Lol !!!!
eeza
23/6/2016
08:23
Sorry Sky I should have said I am a Suss(ex) man :)
badtime
22/6/2016
18:39
:)I grabbed a few
badtime
22/6/2016
17:39
Sussed me again!
skyship
22/6/2016
14:58
Probably Sky going past his 'allocation' :)
badtime
22/6/2016
14:44
That trade wasn't mine...too small a lot for me;)
tiltonboy
22/6/2016
14:40
1.7mill? :)
badtime
22/6/2016
14:40
Bought quite a few!
tiltonboy
22/6/2016
13:56
Tilts the your post 2/6 did u manage to get any? :)
badtime
21/6/2016
11:16
They'll be helping themselves.
eeza
21/6/2016
10:49
I would have thought the directors would be helping themselves to a few down at these levels!
tiltonboy
18/6/2016
06:34
NED handpicked by the untrustworthy, greedy, BOD.
eeza
17/6/2016
15:34
1.7m about to uncross!
tiltonboy
17/6/2016
15:19
Seems to have turned a corner
my retirement fund
17/6/2016
11:46
A decent slug of sales has just been absorbed, and buyers have reloaded.

Hopefully the new NED will get this sorted!

tiltonboy
07/6/2016
07:32
WFT has been doing well in US: up 8% yesterday and 20% since the nadir of last month.
mad foetus
03/6/2016
06:23
After the bizarre happening last Summer when the LMS Capital (LMS) BoD tried and failed to usurp shareholders wishes for liquidation, many continue to harbour doubts as to the Board’s probity.

However, there is no escaping the 4 principal facts:

1. Their past performance with the liquidation process has been impeccable, with 63% of the NAV at the start of the process having already been returned – a figure equal to the MCap at the start of the process

2. The liquidation process is again on track with a 28.7% tender at NAV in Dec’15

3. At the AGM last month the BoD again reaffirmed the liquidation process and the continuing return of capital through Tenders; and for the first time they put a timescale to completion of the process – essentially by Dec’17

4. The current NAV = 88p; versus the offer price of 63p; ie the shares are trading at a full 28.4% discount, even though in liquidation mode

These are the basic facts which should justify an element of research. That research will quickly uncover last month’s AGM statement which revealed that already the Company is refilling the cash coffers – now up to £15m, so likely halfway to what will be needed for the next Tender.

So, now one needs to practice a little conjecture. Say the next Tender will be declared again for 28.7% - that would translate to 29.7m shares @, well let’s be conservative and predict an NAV fall from 88p to 85p, so @ 85p would cost £25.25m. Note – we already have £15m in the kitty!

So, buy @ 63p…..sell a minimum of 28.7% @ 85p…..yes, that’s a profit of 35% on that part. But wait, it gets better.

First, there is the official Tender overage – that was an additional 3.4% in the last Tender, the 4th Tender providing these profitable trading opportunities.

Add to that the unofficial overage which arises from having your stock held in a Joint Stock Nominee Account. I got another 7% from Selftrade last time around – a total of 39.4% redeemed at NAV. Many posters on the LMS thread did even better than that. The Nominees overage is a fickle friend paying out better for some than for others – but always more! This aspect will only make sense to the professional investor; but the few who visit here are just that, so I won't dwell on that.

The final soupcon of information for the time-being. The well-respected IC tipster Simon Thompson has just revisited LMS. He wrote a piece on LMS yesterday. I won’t post his entire article as the IC Online is a subscription site; however, I will post his closing remarks:

=======================
“Of course, the fall in LMS's net asset value from 96p last autumn, to 92p at end of December 2015, and to around 88p now will make some investors cautious even though the aforementioned one-off hit on an unlisted investment and the fall in Weatherford's share price account for the vast majority of the decline. However, I believe the discount is simply too deep given the impressive track record of the company in successfully divesting its interests.

I also believe that given the surge in the cash pile, and the fact that LMS's uncalled commitments to funds it has invested in is only £4.1m, then it's only reasonable to expect LMS to make another hefty cash return later this year through a tender offer pitched at net asset value, a factor that is simply not being reflected in the share price. The company is due to report results at the end of July and I would anticipate further news on likely capital distributions then. I would point out too that every time the company has announced a tender offer the share price has bounced back strongly.

Needless to say, I rate LMS Capital's shares a buy on a bid-offer spread of 62p to 63p.”
====================

So, in a difficult year VALUE is hard to find. LMS certainly represents VALUE. And if you are still looking for a hedge against a plunge in CABLE following an unlikely BREXIT vote, the LMS portfolio is 66% $-denominated.

skyship
02/6/2016
13:55
Following their demotion from the small cap index, I think there will be a bit of stock come out, so I've put a few on the board to buy at 61.5p.
tiltonboy
23/5/2016
09:42
Absolute disgraceful goings on here all profits creamed off by greedy directors as usual.
leedsu36
19/5/2016
12:20
strath - thnx, sorry, should simply have referred back to yr prvious posts on the subject.
skyship
19/5/2016
12:02
Sky,

Agree that NEP looks the most likely sale. It has been an underperformer anyway and was partially written down last year so not really a surprise that the sale is at a loss.

Regarding BC, I have tried to research this but there is only a limited amount of information available. It appears at one time LMS had a 16.7% stake (and may still have) in fund 1. The sole remaining asset here is Curzon Street, where Chinese investors have bought a 70% stake which reputedly valued the site at £200M. On that basis LMS's stake would be worth around £10M and so presumably we have a much smaller stake in Fund 2 whose assets include a 50% interest in Virtus Data Centres.

As the monies in Fund 1 appear to be tied up for the foreseeable future (see hxxp://www.costar.co.uk/en/assets/news/2016/May/Brockton-completes-formation-of-Chinese-JV-for-Curzon-St-makeover/), I'm surprised LMS are receiving any distribution and assume it won't be substantial.

strathroyal
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