Lms Capital Share Discussion Threads

[simonsaid1] 30/8/2016 15:05

Flying high, 4.22% here now. For the last 2 weeks this stock seemed to oscillate daily from 59 to 61.5 in a weirdly regimented pattern. Here's hoping this is a breakout.

[eeza] 30/8/2016 11:22

GHE at 7.37% now.

[number33] 29/8/2016 13:02

Hargreaves Lansdown "Trades" has no time-out.

[eeza] 24/8/2016 13:39

That's what I do - shoot it.

But mainly I use MAM where you get a fair bit longer before time-out.

[simonsaid1] 24/8/2016 13:09

Thanks Eeza, newby here (this site's UI is a mess!). It timed out but managed to get a screenshot to get some idea (slap my wrist).

[eeza] 24/8/2016 12:03

@simon
When you are on this page click on the 'Trades' tab, above at the top.

[rathair] 24/8/2016 11:58

Is it not down to people buying these up for the free money on offer?

[simonsaid1] 24/8/2016 11:46

Anyone know what's going on with these price movements? Very spiky chart, but I can't see trade volumes so I don't know what to make of it.

[simonsaid1] 17/8/2016 13:27

Yes ST wrote a long glowing article about LMS this morning. Positivity about new direction for the company, the 2 promised further tenders, and notes that the uplift it'll give to GHS also helps LMS as over time the former's stake in the latter will grow as per the new deal. The obligatory 'ST Spike' is underway, will see how sustainable it is.

[eeza] 17/8/2016 12:43

Lots of trades going thro - ST comment?

[sleepy] 17/8/2016 12:05

Thanks Kramch

[spectoacc] 17/8/2016 11:34

I'd loved to have seen the proposals before BTEM objected/changed them.

[eeza] 17/8/2016 11:25

@simon

Your 2nd para is the answer.

Also thanks to kramch for the resume.

[kramch] 17/8/2016 10:18

I have posted this on the GHE thread;

A good opportunity to question the board; they expect major cost savings in LMS and believe the move to GHE will reinvigorate the LMS management. Apparently the Rayne interests were always opposed to winding up LMS. It seems a couple of LMS institutional investors objected to a more abject sell-out to GHE, and by R not participating in the tenders other investors gain. LMS will concentrate on small public equity opportunities, and GHS on private equity. The GHE board seems to have done quite a creative deal here, now all they have to do is to apply this to the funds they manage!
K.

[simonsaid1] 17/8/2016 09:54

If anyone would be so kind as to dispense some wisdom, I have a pretty small holding in LMS, just a few thousand shares bought on a punt via BestInvest. Is it likely I'll be able to make an excess tender and surrender the whole position, given how small it is? This would be about 30% profit at the tender rate so I'd be exiting this small position very happily.

Or are excess/scale backs determined as a proportion of each shareholder/broker/nominee's shares rather than a flat number of shares? I realise this in part depends on the number of shareholders who choose to tender shares and how many they tender.

Thanks!

[sleepy] 16/8/2016 20:44

Kramch - did you learn anything?

[eeza] 16/8/2016 14:11

Times subscription only - can you precis.

[teleprompter] 16/8/2016 14:01

Secretive ballot
Patrick Hosking in The Times today - page 39 - summarises the situation.

[rathair] 15/8/2016 19:59

kramch , if you get time perhaps you could share any info on here after the meeting thanks.

[kramch] 15/8/2016 16:45

I'm going to the GHE Gen Meeting tomorrow to ask what new they plan to do with LMS (apart from take fees of course).
K.

[skyship] 14/8/2016 05:58

The Tender Offer opens this coming Wednesday 17th - closes on the 31st. CASH c6th September.

[eeza] 12/8/2016 06:18

Thanks for your comments, Tilts.

I firmly believe that the tiny AT trades that start in earnest each day at around 1628hrs ( sometimes having had no trades all afternoon ) can only be designed to tilt the closing share price to their favour, depending on which way they want to influence the chart. But agree that it should be abolished.

As regards LMS, & the Rayne concert party not taking part in any of the 3 tenders, their combined holding will then rise into the 40%'s - which doesn't bode well for future governance given their scheming thus far.